“This partnership has touched on several Coinbase businesses including Exchange, Commerce, Cloud Nodes, and Prime,” wrote Oppenheimer analyst Owen Lau on Oct. 11. “On the Exchange side, Coinbase acts more like a consumer of Google Cloud technology, but on Commerce, Cloud Nodes and Prime, Coinbase acts more like a technology provider to Google’s customers.” Source
The energy use of the miners have been a topic of debate globally. Most recently, A group of seven Democratic lawmakers in Washington, D.C., led by Sen. Elizabeth Warren (D-Mass), said they are looking into the energy usage and carbon emissions of the bitcoin mining industry in Texas, where many miners have setup their operations. The Electric Reliability Council of Texas (ERCOT) also expressed concerns that bitcoin mining’s enormous demand for energy in Texas is straining the state’s grid, adversely impacting consumers and U.S. climate goals. Source link
“In recent months we’ve seen a large increase in U.K. customers become victims of cryptocurrency fraud,” said the lender, adding, “The Financial Conduct Authority (FCA) has warned consumers about the risks of investing in crypto assets as money held in customers’ crypto wallets is unlikely to be protected by the Financial Ombudsman Service and Financial Services Compensation Scheme if something goes wrong.” Source
Block, whose chairman and co-founder is Jack Dorsey, recorded an impairment charge of $2 million on its bitcoin investment during the third quarter. As of Sept, 30, the fair value of Block’s bitcoin investment was $156 million based on “observable market prices,” which was $45 million greater than the carrying value of the investment after impairment charges, the company noted. Original
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜ Use the discount code YT99 to get the best price. In this video, I discuss the importance of spreading the Bitcoin hash rate globally by putting Bitcoin mining machines in as many homes and businesses as possible. This will help to mitigate censorship attacks by governments on large regulated Bitcoin mining companies. Bitcoin mining has many industrial applications and can use energy from sources like stranded renewable energy, methane gas from garbage dumps, and otherwise flared or…
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding out in Europe. Local Report Claims South Korean Prosecutors Have Evidence of Do Kwon Ordering an Associate to Manipulate LUNA’s Price A report published by the local KBS News claims the co-creator of the Terra blockchain project, Do Kwon, is currently located in Europe. The…
Goldman Sachs, MSCI and Coin Metrics announced on Nov. 3 that they have devised a digital assets classification system to increase the transparency of market movements and help market participants analyze the digital assets ecosystem. The new system is called “Datonomy” and is available by subscription from the three companies. The new taxonomy divides the digital assets world into classes, sectors and subsectors according to their use to make it possible to view those assets in a more granular way, a Goldman Sachs spokesperson told CNBC. The system is intended…
For 2022, Coinbase said it remains “cautiously optimistic” that it will operate within the $500 million adjusted EBITDA loss guardrail that it previously shared, based on the assumption that crypto prices do not deteriorate significantly and that customer behaviors don’t change. “For 2023, we’re preparing with a conservative bias and assuming that the current macroeconomic headwinds will persist and possibly intensify,” Coinbase concluded. Source
Believe it or not, the DealShaker marketplace is still working. The commerce arm of the OneCoin empire, DealShaker provided a clear and verifiable use case for OneCoin as a currency. The token was real because you could use it to buy things in a specific e-commerce store. Oh, those were the days. The greatest thing about exploring OneCoin and Dr. Ruja’s story is that it reflects how naive the crypto world actually was just a few years ago. In many ways, it still is. In “The Missing Cryptoqueen’s” sixth episode,…
On this week’s episode of Market Talks, Cointelegraph welcomed Jake, or “KJ” — also known as “Korean Jew Crypto” on Twitter — the founder of The Trading Dojo, a platform that provides coaching and education to help traders identify profitable trades on their own. The wide-reaching interview covered KJ’s take on how to trade the Federal Open Markets Committee and Consumer Price Index events, along with his views on how Federal Reserve policy is impacting crypto prices. According to KJ: “In regards to what Powell said, and the way the…