Facebook Joins Two Former Coinbase Employees

Social media giant Facebook has previously added two law compliance experts to Coinbase, one of the world's largest crypto money exchanges in the US.

Mikheil Moucharrafie has been working on the world giant crypto money exchange for almost four years and then moved to Facebook as a compliance officer. Mikheil worked in various positions as support analyst in stock exchange, quality / collateral officer, anti-money laundering prevention / bank confidentiality researcher, compliance officer and risk manager.

Another name that joined Facebook was Jeff Cartwrigh, who worked in Coinbase as responsible for compliance management, head of internal auditing and regulation-related risks and for about five years at the same institution. Prior to working for five years at Coinbase, Catwright worked as a money laundering adviser at KPMG, one of the Major Four companies, and at the law for compliance with Goldman Sachs.

Bitcoin Can Be The Winner Of The US And Chinese Trade War

The trade war between the US and China does not seem to end. This might work for Bitcoin. The currently maturing Bitcoin can become a global protective shield.

The CIO of Krigto money assets management firm Ikigai, Travis Kling, said he was surprised by the recent rise of the crypto money. He stressed that the stress of trade war could cause the crypts to gain value:

Kling pointed out the importance of global currency outflows to Bitcoin, and noted that China's official currency may add value to crypto coins. Andy Brenner commented on CNBC and commented on the Chinese situation:

If you were in China and wanted to diversify your investment, Bitcoin could offer you a very strong alternative. Even though the direct flow of money was not visible, with the rise of Bitcoin, the graphs of Yuan and the US dollar were overlapping.

An alternative definition of crypto coins as an alternative for players in traditional finance can be considered as a very positive development for the expansion of crypto money. The fluctuations in the prices of crypto money cause many traditional investors to stay away from the market.

Today's low interest rates may be another factor that can add value to Bitcoin. Michael Moro, CEO of Genesis Global Trading, said this was similar to investing in high-tech technology companies. In terms of investors, BTC may appear to be a little more risky.

SEC Still Delayed!

The US Securities and Exchange Commission (SEC) once again made a statement to the Bitcoin (BTC) exchange traded funds (ETF). This announcement, which announced that one of the applications to the Commission had been postponed, did not have a big impact on the market. The fact that the SEC has not yet ratified any BTC ETF applications or has rejected applications several times may have paved the way for this. The market, which has been the scene of quite a lot of movement in recent days, has turned its attention from the SEC and ETFs.

The official statement by the SEC on Tuesday (May 14th) announced the postponement of a decision on the Bitcoin ETF application to Bitwise. Bitwise's ETF proposal was recorded by the New York Stock Exchange (NYSE) Arca. The proposal was first submitted to the commission in January of this year and was intended to be the first BTC ETF in the US. As it is known that Bitcoin ETFs are approved by the SEC, it will provide fresh blood to the market and many investors will flock to the crypto. This situation excites the current crypto investors.