South Park Mocks Matt Damon’s Crypto Ad & OpenSea Cuts 20% of Workforce [ Crypto Espresso 07.15.22 ]

CoinMarketCap published this video item, entitled “South Park Mocks Matt Damon’s Crypto Ad & OpenSea Cuts 20% of Workforce [ Crypto Espresso 07.15.22 ]” – below is their description.

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🔵 CoinMarketCap Daily:

• Size of Black Hole in Celsius Network’s Finances Revealed

Celsius also confirmed that it had 300,000 active users with balances of more than $100 at the time it abruptly halted withdrawals.

• OpenSea Slashes 20% of Workforce and Warns ‘Prolonged Downturn’ is Possible

OpenSea’s trading volumes have slumped in recent months. They hit a record high of $5 billion in January 2022, but dwindled to just $700 million last month.

• CoinFLEX Allows Users to Access 10% of Balances After Withdrawals Halted

The company’s CEO, Mark Lamb, has alleged that Roger Ver — one of the earliest investors in Bitcoin — currently owes $47 million in USDC to the platform. Ver denies this.

• South Park Mocks Matt Damon’s Crypto Ad in Surreal Pee-Filled Sketch

The comedy also takes aim at Reese Witherspoon, Gwyneth Paltrow, Naomi Osaka and Larry David — who have all endorsed cryptocurrencies in one way or another.

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Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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In This Story: Matt Damon

Matthew Paige Damon is an American actor, producer, and screenwriter. Ranked among Forbes’ most bankable stars, the films in which he has appeared have collectively earned over $3.12 billion at the North American box office, making him one of the highest-grossing actors of all time.

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In This Story: Naomi Osaka

Naomi Osaka is a Japanese professional tennis player. She has been ranked No. 1 by the Women’s Tennis Association and is the first Asian player to hold the top ranking in singles. She is a four-time Grand Slam singles champion, and is the reigning champion at the US Open and the Australian Open.

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In This Story: Reese Witherspoon

Reese Witherspoon is an American actress best known for her breakthrough role in Cruel Intentions (1999) and the lead role as Elle Woods in Legally Blonde (2001). Backing up her acting success with business deals, Witherspoon’s most recent venture was sold to an entertainment company in a deal which valued her business at $900 million.

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In This Story: USDC

USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds.

USD Coin is managed by a consortium called Centre, which was founded by Circle and includes members from the cryptocurrency exchange Coinbase and Bitcoin mining company Bitmain, an investor in Circle.

The stablecoin originally launched on a limited basis in September 2018.

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