Daily Crypto NewsEDITION #14, 01 September 2020

CoinMarketCap and BIG changes!

Hey #Moni Maker 😃

Happy Knowledge Day! The modern world is moving at the speed of light, and although our digest provides vital crypto-related info, there is still a lot of fundamental information that must be absorbed. There are numerous sources of important materials, such as Unchained Capital’s blog and a16z reports. Moreover you can find a lot of useful information on the Internet, so go ahead, to knowledge!

Five executives of CoinMarketCap, including interim CEO Carylyne Chan, are out. Those are (except Chan) Spencer Yang — vice president of operations, growth and revenue, Jeremy Seow — vice president of products, Matthew Lippl — global head of design and growth, and Jared Chin — project lead and head of events.

Both Chan and Yang told they hope CoinMarketCap would continue to operate independently and focus on users' needs.

Looks like this decision was made after Binance bought CMC. Or earlier? Who knows!

So what?

We are confident such rearrangements are due to the fact that Moni will soon release an application, and CMC panicked ... Just kidding :) Don't forget to join our waitlist on the website or via the Telegram bot.

Silicon Valley billionaire and revolutionary Marc Andreessen of Andreessen Horowitz has joined the team of directors of the American cryptocurrency exchange Coinbase. Together with Mark, the CEO of DoorDash, Gokul Rajaram also joined the board of directors.

Facts About Mark Andreessen:

→ Part of the board of directors of Facebook, eBay, and HP.

→ Founded Netscape, after its success in 1999, sold the company for $42 billion.

→ Took the first position in the ranking of the most influential investors from CNET in 2011.

→ Awarded the Queen Elizabeth Prize in Engineering for "Excellence in Engineering That Changed the World" in March 2013.

→ Interested in Bitcoin since 2014.

So what?

First, it's not the first time Coinbase has hired someone with such great experience in investing in a wide range of assets. Secondly, Coinbase began to strengthen its positions before entering the US stock market. Good job, Brian Armstrong!

PS Bitcoin is becoming so massive that if you suddenly have nothing to be proud of... you can say that you are interested in it since 2014. Should work.

Ok, DeFi has 400k users only. For example, Robinhood has 14 million; BTC has 20-50 million….

So what?

Bubbles, in fact, can differ in shape, form, and size! A small bubble can burst too…But it's not about DeFi at all!

DeFi projects are developing so quickly that it's a bad manner to follow them daily. We personally check DeFi news three times a day. What about you?

So what?

Ok, we have comments. Dave screwed up the "Keeping Up with the Portnoy," but he showed how hard it is to enter crypto and its craving for the traditional market to work with cryptocurrency.

Dave, if you have any problems – contact us, we will give you a hand.

— Huobi launches bitcoin options on 1st of September