Coinbase’s Chief Product Officer is Leaving [ Crypto Espresso 1.25.22 ]

It's Wednesday and you know what that Means that's right I'm your host Andrew And this is news well more specifically It's crypto espresso your teeny tiny Daily shot of caffeinated crypto Headlines all right all right so let's Just go first up bankruptcy attorneys For crypto lender Genesis believe a deal With major creditors can be reached this Week but that wasn't fast enough for one Group of customers who have filed a Class action lawsuit accusing The Firm Of violating Securities regulations the Lawsuit accuses digital currency group And its CEO Barry silbert of selling Unregistered Securities in the form of The crypto lending product it offered Through Gemini earn accounts the Securities and Exchange Commission sued Genesis and Gemini on those grounds Earlier this month and the civil suit is Basically tagging along as the regulator Will do all of the discovery work for it Well coinbase's stock may have dumped About 85 percent of its value in 2022 But that didn't stop the top U.S crypto Exchanges Chief product officer from Leaving the company with a huge windfall Based on SEC filings Suraj Chatterjee Will leave the company about 105 million Dollars richer on February 3rd DL News Reported and that's before the nearly 250 000 options that will be allowed to Vest as he acts as an advisor to the

Company throughout 2023 worth another 8.7 million dollars he's departed after Three years on a five-year contract While his salary was nearly seven Figures the vast majority of it came From stock options combined with a Coinbase policy that forced top Executives to exercise those options and Sell stock on a regular basis a survey Of more than 50 crypto analysts Predicted that Bitcoin will just barely Break 29 000 in 2023 and will not regain Its nice all-time high of 69 000 until 2025. of course this is all based on a Panel of experts pulled by finder.com They also predicted a low of Thirteen Thousand dollars this year Bitcoin will Predominantly be range bound throughout Most of 2023 said wetly Lunde a senior Analyst at investment firm our became Crypto he predicts higher costs of Living at a challenging economic Backdrop will reduce investors ability To allocate Capital to bitcoin Bitcoin ATM provider coin flips chairman Daniel Polotsky said we may be close to the Bitcoin and crypto bottom adding now may Be a good time to Feast on the dip I Hope that's hummus with eye and hand Tracking Apple's new AR VR headset aims To make working playing and interacting With both the real world and the virtual Worlds easier and more intuitive the Rumored three thousand dollar reality

Pro headset will boast different ways to Interact with both physical and digital Environments with a core interface That's very familiar to iPhone users at Least according to Bloomberg users will Be able to select an app button or Anything else in their field of view With a glance and then activate it with A camera captured pinch of the thumb in The forefinger down the road virtual Keyboards are on the drawing board too As we reported previously one big Stumbling block Remains the form of Battery life which is said to just be Two hour doors with a battery pack the Size of two stacked iPhone 14 pro Maxes And finally bankrupt crypto lender Blocked by low bald the extent of its Exposure to Sam bankman Freed's FTX Empire by well just 200 million dollars At least according to a document that Was accidentally posted by lawyers the Unredacted document showed blockfy had Almost 1.25 billion dollars wrapped up In FTX and its sister company Alameda Research earlier documents put that Amount at 1.03 billion dollars the new Numbers came from M3 Partners a firm Made up of block by clients owed money By Alameda it is an advisor to the Official creditors committee and a Spokesperson told CNBC that the document Was uploaded in error blockfy's total Assets are listed as 2.7 billion dollars

But nearly half of that is locked up in Sam bankman Freed's companies and you Dear viewer can lock in that engagement By searing crypto espresso in a very hot Skillet and letting it set before Cutting into it Engagement juices uh you can also like This video subscribe drive to our YouTube channel and click on that little Bell icon to get buzzed whenever new Crypto espresso video goes live but you Know searing a crypto espresso steak and It just sounds so much more appetizing Thoughts about today's episode well I Don't know what to tell you find a Crypto espresso support group in your Local area and share with others because Comments are still disabled questions About our headlines or crypto in general Why not ask Alex in that description Below Alex is a great resource on all Things web 3 and the meters and that About does it for today again I've been Your host Andrew these have been your Headlines and we'll see all of your Beautiful shining faces tomorrow

Coinbase
OUR TAKE

Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.

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