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Why Coinbase is undervalued, according to a top Wall Street analyst

Episode 49 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Mark Palmer, Managing Director and Senior Equity Research Analyst at BTIG. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] Coinbase shares are down over 70% on the year, a state of affairs compounded by a rough Q1, but one leading Wall Street analyst believes Coinbase may be undervalued.  In this episode …

FTX launches licensed crypto exchange service in Japan

Quick Take FTX has launched FTX Japan to cater to its Japanese crypto trading customers. FTX Japan is the result of a previous acquisition of the licensed Quoine crypto exchange. Crypto exchange giant FTX has launched its Japanese cryptocurrency trading service called FTX Japan, the company announced on Thursday. FTX Japan is the result of FTX’s prior acquisition of Liquid Group in February. Liquid was the parent company of Quoine Corp., one of the first crypto exchange platforms licensed in …

2TM Group/Mercado Bitcoin Company Intelligence

May 17, 2022, 1:57PM EDT • 24 min read Quick Take Founded in 2013, Mercado Bitcoin is one of the largest crypto exchanges in Latin America – its parent company, 2TM Group, has a diversified crypto company portfolio that provides services beyond Mercado Bitcoin’s trading functions After completing its Undisclosed Series A and +250mm Series B in 2021, 2TM Group has actively deployed capital for strategic acquisitions, product development and business expansion in new regions Join The Block Research for …

FTX.US applies for trust charter in New York

FTX.US has applied with the New York Department of Financial Services (NYDFS) for a trust charter, the firm announced Wednesday. The crypto exchange, the American affiliate of FTX, seems to be inching closer to opening up its services to New York residents. As it waits for approval from regulators, FTX.US has also started gearing up for the possible launch of a New York State limited purpose trust company. Just this Wednesday, FTX.US announced it was hiring, Marissa MacDonald, former chief …

Julian Sawyer may be out as chief of Bitstamp after short tenure

Julian Sawyer’s time as CEO of Luxembourg-based crypto exchange Bitstamp appears to have ended. Sawyer’s Twitter page now says: “Ex-CEO at @Bitstamp, co-founder at @Starlingbank, Honorary fellow at @Bayes Business School and advisor at @Voltbank. All views my own.” His LinkedIn account says: “Ex-Chief Executive Officer at Bitstamp.” The Block reached out to Sawyer through Twitter and LinkedIn seeking his response but had not received any reply by the time this story was published. It was only about 18 months …

Binance closes accounts of individuals with links to Russian government

Binance announced on Thursday that it has closed several accounts associated with relatives of Russian officials since the beginning of the war with Ukraine, following last week’s announcement that the exchange was limiting services in the country. Russian Foreign Minister Sergei Lavrov’s stepdaughter and the daughter of President Vladimir Putin’s spokesman, Dmitry Peskov, have both had their accounts blocked since Russia invaded Ukraine in February, Binance’s head of sanctions told Bloomberg.  Binance also revealed that the son of Konstantin Malofeev, …

Crypto exchange Kraken hires Gupta as chief marketing officer

Crypto exchange Kraken appointed Mayur Gupta as chief marketing officer, it said in a Business Wire news release last week. He joined Kraken from Gannett, where as chief marketing and strategy officer he guided the company’s transformation from an advertising-led media company to a subscription-led content platform. As an engineer who evolved into a marketing executive, Gupta’s efforts to combine data, technology and storytelling have helped expand both consumer and technology brands. Gupta has also held marketing roles at Freshly, …

WonderFi set to buy another licensed Canadian crypto exchange

WonderFi Technologies, backed by venture capitalist Kevin O’Leary, has announced that it will acquire Coinberry, one of the largest crypto exchanges in Canada, for a reported fee of 38 million Canadian dollars ($30 million) in an all-share deal. The news marks the second Canadian crypto exchange purchased by the Vancouver-based DeFi platform WonderFi following the Bitbuy acquisition in January. Following the Coinberry deal, WonderFi will own two out of the six licensed crypto trading platforms in the country. According to …

Crypto.com picked as an official FIFA World Cup sponsor

Signs with Crypto.com will be displayed across soccer fields as millions tune in to the FIFA World Cup, being held this year in Qatar. The cryptocurrency exchange will be an official sponsor of the soccer tournament, the two organizations announced in a joint statement on Tuesday. Co-founder and CEO of Crypto.com Kris Marszalek said that the partnership would “drive further awareness of Crypto.com globally.” “Crypto.com has already demonstrated a commitment to supporting top-tier teams and leagues, major events and iconic …

Retail traders are here to stay, says eToro’s US CEO

Episode 4 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and CEO Lule Demmissie of eToro US. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] This episode is brought to you by our sponsors Fireblocks, Kraken & ChainalysisFireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, …