Binance and The Weeknd! & Coinbase Freezes Hiring [ Crypto Espresso 06.3.22 ]

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• Vitalik Buterin Muses on Crypto Culture, Optimism’s Governance Structure

Vitalik Buterin published Twitter threads on idealism in the crypto scene and Optimism’s governance structure.

https://coinmarketcap.com/alexandria/article/vitalik-buterin-muses-on-crypto-culture-optimism-s-governance-structure

• Bitcoin Bond Not Coming Anytime Soon, Says Finance Minister

El Salvador delays its planned launch of Bitcoin bond.

https://coinmarketcap.com/alexandria/article/bitcoin-bond-not-coming-anytime-soon-says-finance-minister

• Coinbase Freezes Hiring, Rescinds Existing Offers

Coinbase announced cost-cutting measures to deal with the ongoing bear market.

https://coinmarketcap.com/alexandria/article/coinbase-freezes-hiring-rescinds-existing-offers

• Gemini, 2TM Lay Off Staff, Crypto Exchanges Brace For Crypto Winter

Gemini and 2TM, the holding company of Brazil’s largest crypto exchange, announced laying off staff in light of the challenging market conditions.

https://coinmarketcap.com/alexandria/article/gemini-2tm-lay-off-staff-crypto-exchanges-brace-for-crypto-winter

• Binance and The Weeknd Partner for Singer’s World Tour

Binance announced sponsoring the “After Hours Til Dawn” tour beginning in July 2022.

https://coinmarketcap.com/alexandria/article/binance-and-the-weeknd-partner-for-singer-s-world-tour

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In This Story: Binance

Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

The company has launched various cryptocurrencies: Binance Coin (BNB), launched June 2017, and Binance Smart Chain (BSC), launched September 2020. Binance Smart Chain operates using “Proof of Staked Authority”, a combination of proof of stake and proof of authority.

Binance is currently under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. The UK’s Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021.

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In This Story: Bitcoin

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: Brazil

Brazil is the largest country in both South America and Latin America.

Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 states and the Federal District. It is the largest country to have Portuguese as an official language and the only one in the Americas, as well as the most populous Roman Catholic-majority country.

Its Amazon basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, and extensive natural resources spanning numerous protected habitats. Brazil is classified as an upper-middle income economy by the World Bank and a newly industrialized country.

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In This Story: Coinbase (Nasdaq: COIN)

Coinbase, Inc. (Nasdaq: COIN) is an American cryptocurrency exchange platform that operates remote-first without an official physical headquarters. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021, was the largest cryptocurrency exchange in the United States by trading volume. Coinbase IPO’d on the Nasdaq exchange on 14 April 2021, via a Direct Listing, they carry the stock ticker COIN.

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In This Story: The Weeknd

Abel Makkonen Tesfaye, known professionally as the Weeknd, is a Canadian singer, songwriter, and record producer. Noted for his distinctive singing voice with a soaring falsetto and its singular tremolo, Tesfaye is considered an influential figure in contemporary popular music.

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In This Story: Vitalik Buterin

Vitaly Dmitriyevich “Vitalik” Buterin is a Russian-Canadian programmer and writer who is best known as one of the co-founders of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011. In 2014, Buterin launched Ethereum with Gavin Wood.

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