Day: November 17, 2022

Will the Crypto Market Survive? | Coinbase Stock Earnings Collapse

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase Stock looks to be in trouble after missing Earnings and EPS. They reported a huge miss of -$4.98 per share! BREAKING Coinbase earnings are IN! They had a monumental miss and, as of now, they are COLLAPSING after hours! Coinbase is an interesting company. To be a buyer of Coinbase stock, you must be a proponent of crypto in some way. Crypto, of course, has plummeted this year, which is likely why the crypto exchange platform is struggling. COIN stock has…

Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions – Bitcoin News

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Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including cryptocurrencies, a Kremlin advisor has unveiled in Havana. Moscow is already developing a mechanism for crypto settlements to circumvent financial restrictions imposed over its invasion of Ukraine. Crypto and Ruble Considered for Payments in Trade Between Russia and Cuba The governments of Russia and Cuba are considering the use of Russian rubles and cryptocurrencies to facilitate bilateral cooperation against the backdrop of sanctions imposed on both nations. The news comes from a statement made by…

I Need to Apologize… This Crypto Influencer Business Practice MUST STOP

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I’m sorry… Today, I want to apologize for participating in a business model in crypto that is so toxic that it must stop; token or coin promotion. It’s okay to make money as a crypto content creator but it’s becoming more clear what works and what doesn’t. Promoting tokens or NFT’s does not work. When an influencer tries to sell a certain token it interferes with the system crypto was meant to create. If a token wants promotion, they want to shortcut…

Canadian exchange Bitvo backs off the deal

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The Canadian cryptocurrency exchange Bitvo has terminated its expected acquisition agreement with FTX to continue operating independently. Bitvo’s shareholder, Pateno Payments, has discontinued the acquisition deal with FTX Canada and FTX Trading in accordance with the agreement terms, Bitvo announced on Nov. 15. The firm emphasized that its operations have not been affected as Bitvo has no material exposure to FTX or any of its affiliated entities. Bitvo trading operations, including withdrawals and deposits, are intact. Bitvo also stressed that it’s not party to the bankruptcy proceedings entered into by…

Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System

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