Coinbase Crypto Exchange Fills VP Role With A Former NerdWallet COO And Likedin VP; Dan Yoo

Coinbase has recently hired another new executive. This time, the person hired was Dan Yoo, who will act as the new vice president of business in the company. He is set to replace Emilie Choi, who will continue in the company, but in another area now.

Yoo worked as Chief Operating Officer (COO) at NerdWallet before now and at LinkedIn before that, so he has a pretty big resume. Now, he will be in charge of overseeing business operations, corporate development and the data team of the company.

While he worked for LinkedIn, Yoo helped to found a number of startups. One of them was RealiaQuote, which was one of the first companies ever to offer life insurance brokerage services online.

According to him, Coinbase is a company that is driven by data, so a big part of his job will be to ensure that everybody gets the right data to make the right decisions. He also told the media that he has been interested in the crypto industry as far as 2013 and that he had a Coinbase account before he decided to join the company’s team.

Now, Yoo is focused on helping his new team. He will tie together the operations at Coinbase, which is something that he already did for some other companies before now. Yoo affirmed that he hopes to use his experience to scale the team and get them to work in a more efficient manner, therefore using the resources of the company better.

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Author: Hank Klinger

United Nations (UN) Chief: Cybercrime Is Harder to Fight Because of Crypto

A high executive of an international organization has recently attacked cryptos. According to Neil Walsh, an official of the United Nations (UN), cryptos can make it harder to fight cybercrime. He affirms that their anonymous nature can often get in the way of tracking criminals and that this can become an issue.

Walsh, who is the chief of the UN Office on Drugs and Crime’s cyber unit, has been recently interviewed by an Australian media outlet. He believes that the extra layer of anonymity that can be provided by privacy coins or even Bitcoin (which can be used together with coin mixers) definitely makes the work harder and slower to complete.

He affirmed that there are more child pornography networks around the world than people believe and that most of them use cryptocurrencies due to the illegal nature of the content that is sold in them. Nobody wants to be tracked and cryptos are often the tool to make it happen in dark web transactions.

In related news, the UN has recently affirmed that hackers from North Korea hacked at least $2 billion USD from exchanges. There are suspicions that the money was used to fund the country’s nuclear program.

Most of the attacks were targeted at South Korea, which is the closest country. At the moment, the UN is said to be investigating 35 cyberattacks in South Korea made from their northern neighbors.

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Author: Bitcoin Exchange Guide News Team

Mike Novogratz’s Galaxy Digital Puts Wall Street Veteran David Gross To Head Global Sales

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David Gross, an important executive who already worked in companies such as Credit Suisse, Cumberland and Lehman Brothers, was hired by Galaxy Digital. The cryptocurrency merchant bank has decided to hire the executive to be the new head of global sales of the company. This information was originally unveiled during an internal memo sent out to investors.

Cumberland was one of the major rivals of Galaxy Digital in the over the counter (OTC) trading market. Because of this, in hiring Gross, the company is probably also hiring some expertise from its main rival.

Now, the exec will use his 15 years of experience in order to make Galaxy Digital have a better 2019 than in 2018. The company was reported to face severe losses during the bear market last year, so it is in a dire need of getting some profit.

Gross is set to coordinate sales across all the business units of the company. He will report only to the president of the crypto merchant bank in his new position. The company also hired Tim Plakas recently, who worked as Coinbase over the counter department’s head before leaving the company.

Galaxy Digital is far from the only company hiring. Cumberland is also on a hiring spree in order to improve the quality of its ranks. The company has recently decided to hire James Radecki, Jason Leung and Bobby Cho, all for executive positions.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Lujan Odera

Global Macro Investor: Even 1% Chance of 100x Upside Makes Bitcoin “Crazy Attractive” to “Macro Guys”

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  • Former Goldman Sachs executive Raoul Pal says Bitcoin at current value ‘ludicrously’ underpriced
  • Macro guys find it “super interesting” and “they’re all in it”

Former Goldman Sachs executive Raoul Pal, the founder of Real Vision Group told Stephen Livera on his podcast this week that Bitcoin at its current price may be ‘ludicrously’ underpriced and has the potential to hit $8 trillion.

“If you try and get your head around the digitization of everything… around an alternative financial system.”

Explaining how Bitcoin can hit trillion-dollar market capitalization, he points to analyst PlanB’s stock to flow model that puts BTC value at $1 million and beyond in the future. Bitcoin derives this value from its scarcity just like gold and silver.

Gold currently has the higher SF of 62 while BTC is currently at 25, after the fourth reward halving, its SF will double and come very close to that of gold at 50.

“Even if it has a low probability. If you recreate a low probability of let’s say, what’s the global money supply and global debt? It’s something like $80 trillion. So if it’s worth $80 trillion dollars, let’s say you have a 10% probability. That’s $8 trillion. [Bitcoin] is currently worth $200 billion. So even if it has a 1% chance of working – that’s how probabilistic frameworks work.”

This is the reason Pal says Bitcoin is “ludicrously underpriced,” and that makes it

“crazy attractive..sucking in so many of these macro guys, because they’re like, ‘Damn, nothing else has this payoff’.”

Even as low as a 1 percent chance of bitcoin going 100x, that’s enough for the macro investors to put their skin in and finding it “super interesting.’”

“I know all these macro guys, they’re all in it. They get it. They get the optionality. They may be complete believers, part believers, partial believers. But even then, if it’s a 1% chance of being right and the upside is 100x from here, you’d do this all day.”

You can check out the full podcast here.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: AnTy

Ex-Digital Marketing Company Executive at StyleHaul Charged With Spending $22 Million Wrongfully

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Dennis Blieden, a former executive who worked at StyleHaul, a company focused on digital marketing, has been charged with embezzlement. According to the prosecution, he was guilty of embezzling around $22 million USD when he worked on the company. He allegedly spent all the money gambling on poker competitions and buying crypto.

Blieden was recently arrested by the police of Las Vegas. The man is being accused of using over $8 million USD from the company in order to buy crypto and to use $1,2 million USD to pay for his poker losses, which is kind of impressive. He also used around $1.2 million USD more to pay off his credit cards.

The executive was obviously living a pretty unrestrained life with the money he stole from the company. He allegedly transferred all the funds form the company’s account to his own and covered the tracks by creating a fake lease. This lease was related to a condominium in Rosarito Beach, Mexico.

In order to “pay the rent” of the condo, he transferred all the cash to his account. The company found out, the police investigated and now he is being charged with 11 counts of wire fraud, one of aggravated identity theft and two forfeiture counts.

At the moment, the police nor the justice talked about how much time he will spend in prison in case he is convicted for these crimes.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Gabriel Machado

Deutsche Bank Executive: Aggressive Central Banks Stance Makes Bitcoin More Enticing to Investors

Deutsche-Bank-Executive-Aggressive-Central-Banks-Stance-Makes-Bitcoin-More-Enticing-to-Investors
  • Deutsche Bank executive believes central banks are taking aggressive monetary policies
  • Because of it, the crypto market is going to keep growing and attract more investors

One of the reasons related to Bitcoin’s (BTC) current price increase could be the aggressive policies that central banks are currently taking. This is what Deutsche Bank executive Jim Reid said during an interview with CNBC on June 26. Bitcoin has been in a bull trend during the last few months.

Central Bank Have Aggressive Policies

The head of global fundamental credit strategy at Deutsche Bank, Jim Reid, considers that if central banks operate in an aggressive way, alternative currencies such as Bitcoin could become more attractive. Mr. Reid was making reference to the speech that the chairman of the Fed, Jerome Powell, gave a few days ago regarding central banks and the possibility to cut interest rates.

The U.S. dollar (USD) dropped versus different fiat currencies arund the world and the DXY Index reached also the lowest level in over two months. For example, the U.S. dollar hit a three-month low against the euro (EUR).

Bitcoin continued to grow amid this situation and it surpassed $13,500 just a few hours ago, the highest price ever reached by Bitcoin in over a yaer. This is very positive for the digital currency that seems to be in a new bull trend towards new highs.

Reid has also mentioned that the current spike in different virtual currencies could have been influenced by the recent announcement made by Facebook about its new digital currency Libra. This project aims at helping users perform transactions and payments in a fast and easy way compared to other means of payment currently available. Moreover, it also want to offer financial services to many regions around the world that do not have access to these kinds of services.

According to data provided by Coin360, Bitcoin is currently being traded around $13721 an it has a market capitalization of $241 billion.

Reid explained that the low-interest policies that central banks are currently taking are very aggressive and he shared his negativity about it. At the same time, he mentioned that the continuous printing money of banks could lead to the end of paper money.

The European Central Bank (ECB) has also hinted that it could be cutting interest rates even further. At the moment, Deutsche Bank AG stock price is €6.5 after reaching over €112 in 2007.

All of Today’s Bitcoin Price Analysis, Chart Forecasts and Industry News

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Carl T