Coinbase Looks For Overseas Crypto Trading Platform [ Crypto Espresso 3.20.23 ]

Mondays bring many things a return to The work week sure but it also brings Roofers to Andrew's neighbors who are Ripping up shingles directly adjacent to Where your host Andrew records crypto Espresso your teeny tiny daily shot of Caffeinated crypto headlines so uh yeah Sorry in advance for any shingle ripping That you might hear first up the banking Crisis is continuing to send Jitters Through Global markets but don't tell That to bitcoin since the world's Biggest cryptocurrency cracked 28 500 on Monday Bitcoin has surged by 28 in the Past week outperforming major altcoins As its overall dominance Rises all of This comes as Regulators grapple with Growing Panic about the traditional Finance sector it's now been confirmed That Credit Suisse is being snapped up By UBS in a cut price deal that's Designed to prevent further contagion Software engineer and crypto Trader Eric Wall says this rally is different Bitcoin is seemingly for the first time Working as a safe haven asset in Response to the traditional banking System and in response to a globally Unreliable and jerky Central Bank Monetary policy he tweeted with a Challenging regulatory climate in the U.S coinbase is planning on some big Changes the exchange will reportedly set Up a new trading venue outside of

America a go broad go deep strategy will See it launch new products and services In markets in six continents while Coinbase is already operating in more Than 100 countries all of those Subsidiaries funnel clients to the same U.S trading platform this new platform Would focus on high bar regulatory Jurisdictions coinbase said that would Include the UK Singapore and the EU Where the markets and crypto assets or Mica regulatory package just passed Brazil the UAE Australia Hong Kong Switzerland Bermuda and Japan are also Shaping up to be potential targets ftx's New management team says they're now Dealing with a 6.8 billion dollar Shortfall while that's still a pretty Beefy number it's a pretty big Improvement over the 9.8 billion dollar Shortfall that was originally forecast At the beginning of March so far they've Found 11.6 billion dollars in claims Against 4.8 billion in Assets in the Chaotic and incomplete books of the Bankrupt firms the ongoing fluctuation In the assets and the liabilities of the FTX exchange and trading firm elevator Research is a result of what Restructuring expert and current CEO John Ray III called a complete absence Of trustworthy financial information FTX Customers are owed 11.568 billion Dollars and just the 50 biggest

Creditors are still waiting to get their 3.1 billion dollars back a trading app Called I earnbot has cost thousands of Would-be cryptocurrency investors Everything and could be one of the Largest crypto scandals to date According to reports by BBC News its Investigation found that the company Operates in a large number of countries Including Romania Indonesia Nigeria and Colombia investors have been promised Guaranteed High returns but saw their Balances crashed to zero whenever they Attempted to make a withdrawal I earned Bot's website had a named CEO but when Approached he said he'd never heard of The project the Massachusetts Institute Of Technology Huawei and Qualcomm were Also listed as strategic part Partners But they've denied having any knowledge Of it and finally last week's 200 Million dollar hack of Euler Finance has Been linked to say it with me North Korean hackers a small amount of the Stolen crypto was sent to an address Linked to the Lazarus Group which has Ties to the secretive state which Analysis warned that it's possible that This movement of funds was an attempt at Misdirection by another hacking group That said the Euler Finance hack was in The style of the Lazarus group one huge Hit based on an exploit which U.S Intelligence believes is being used to

Fund the Rogue nation's nuclear weapons Program Lazarus was also responsible for The devastating attack on Ronin Bridge Which helps power axi Infinity Pyongyang Has also been linked to billions of Dollars in thefts with the US targeting Coin mixers and speaking of mixers two Things that don't mix roofers and crypto Espresso roofers you just made my list Mondays and roofers the gruesome twosome Cheer me up by liking this video Subscribing to our YouTube channel and Clicking on that little bell icon to get Buzzed whenever new crypto espresso Video goes live but what did you think Of the ambient roofer noises on today's Episode well maybe you can leave a Comment today I think they were on Friday's episode uh strike while the Iron's hot right live for now go post Something questions about our headlines Or crypto in general take the plunge Below and ask Alex in that description Below Alex is always a great resource For all things web 3 and the metaverse And that about does it for today again I've been your host Andrew these have Been your special guest stars the Roofers and we'll see all of your Beautiful shining faces tomorrow