🐝 Coinbase May Leave US... 👀
Don't Miss Out on the Action - What You Need to Know!
Hello, honeybees! It's time for another edition of Web3 Buzz, your weekly source for all things crypto. Sorry for skipping last week's email. Our fam is now 12K big!
This week, we're excited to bring you the latest on:
Coinbase May Leave US
Bittrex's SEC showdown
Web3 hires go wild
Sui Public Sale incoming
And a big welcome to the new members who joined our hive this week. So sit back, relax, and let's get buzzing on this week's top crypto news and updates
Coinbase Migration: US Out, Europe In?
So, guess what? Coinbase CEO Brian Armstrong was in London, right? And he's like, "Maybe we'll just pack our bags and leave the US if they don't get their act together with crypto regulation!" (Ka-ching! That's the sound of drama!)
He said this while chatting with George Osborne (you know, the former UK Chancellor of the Exchequer) at a fintech conference. Brian's been pretty vocal about his beef with US crypto regs, but talking about relocating? That's like turning it up to 11!
The US can't seem to make up its mind about crypto, and the SEC and Commodity Futures Trading Commission are playing tug-of-war over who should be the boss of it. (I mean, really? Just flip a coin, guys!)
But wait, there's more! Armstrong mentioned that the UK is Coinbase's second-biggest market globally by revenue. So, will they move across the pond? Or somewhere else in Europe?
They're actively exploring options for a regional hub, and Nana Murugesan (VP of International and Business Development) says they hope to make a decision in the coming months. (Tick tock, America!)
Oh, and Europe's got this new fancy crypto legislation called MiCA that's gonna be approved soon. It'll make things way easier for crypto companies, allowing them to operate all over the EU.
So, what do you think? Should Coinbase stay or should they go? Let me know your thoughts, pal!
Unravel the Crypto Puzzle with QueryKitty
Let's cut the crap, crypto's a maze.
Deciphering Web3 and cryptocurrencies can drive anyone up the wall.
That's where QueryKitty pounces in.
Your AI-powered Chrome extension for navigating the wild world of crypto.
Think of it as your Web3 Summary.
For a limited time, get a lifetime membership for just $19 (hurry, not many left) instead of $59!
Hop on the QueryKitty bandwagon and conquer the Web3 universe now! 🐾
Grab a 70% off deal by clicking the link! Make your crypto journey easy-peasy and save some cash (and headaches) too!
Bittrex faces SEC Fury!
Guess what? Bittrex is in a pickle! The SEC's knockin' on their door with a potential enforcement action.
You know what they say, another day, another Wells notice, am I right?
So, the SEC thinks Bittrex has been playing exchange, broker-dealer, and clearinghouse without registering. Naughty, naughty!
Back in March, the SEC gave 'em a heads up, but Bittrex was already packing up its US operations. Talk about timing!
They thought about registering with the SEC last year, but realised it'd be like throwing a wrench in their money-making machine. Yikes!
The issue? Crypto is treated like securities, and the SEC's got its eyes on 'em like a hawk.
Will the SEC actually sue, considering Bittrex is winding down in the US? Who knows! But Bittrex's general counsel says they're ready to rumble in court if the regulators don't play nice.
Adding salt to the wound, Bittrex was slapped with a $53 million fine last year. Ouch!
They were caught with their hands in the cookie jar, letting shady transactions fly under their radar.
WEB3 WEDNESDAYS
Welcome to another round of Web3 Wednesday, where we showcase companies crafting awesome stuff and looking for new talent.
These jobs will have your parents raising their eyebrows (in a good way) and feeling impressed, even if they're still puzzled about wtf you actually do...
Senior Solidity Developer - Remote ($110k-$200K)
Web3 Solidity Bootcamp - United States ($50k-$200K)
Senior Software Engineer - Remote ($70k-$115K)
Product Designer / Manager - Remote ($60k-$120K)
Senior Backend Developer - Remote ($60K)
P.S., - Are you trying to hire in Web3? Learn how to get your open jobs in front of 14k+ potential candidates here.
Roll Call: Weekly Dose of News
Sui Public Sale Announced, check out here
Shanghai Upgrade - The Playbook
Uniswap Wallet Live on App Store
Bitcoin hits $30K+ for the first time in 10 months.
LayerZero raised $120M for its blockchain protocol
Instagram and FB removed NFTs from their platform
Miners saw a 20% increase in revenue
Signature Bank insiders sold $100M+ in shares before the downfall
Euler recovered all funds from the hacker
SushiSwap hacked, Head Chef says 'revoke all chains'
Arbitrum drops AIP-1.1 after fumbling the first governance proposal
Buzzworthy Meme :
That's it, folks! Slide into our Twitter DMs for some juicy Web3 gossip. We're like a game night with pals - but with more memes, less drama, and zero burnt pizza @Web3summary.
Interested in advertising to a crypto-savvy audience? Explore opportunities with us
PS - If you've gotten any value from this newsletter, please take 30 seconds and fill out this survey. Thank you!