Risk profile of crypto markets similar to oil and tech: Coinbase
A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute’s chief economist. Despite some touting crypto as a hedge against traditional markets, digital assets today share a similar risk profile to commodities such as oil and gas, and tech and pharmaceutical stocks, according to analysis from Coinbase’s chief economist. The observation comes from a blog post from Coinbase chief economist Cesare Fracassi on July 6, noting that the “correlation between the stock and crypto-asset prices....
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Crypto coins exhibited exponential growth through the years, raising attention to the crypto space. There was no correlation between crypto performance and the conventional stocks of different commodities. However, all that seems to be fading into thin air from the recent activities and trends of digital assets. The chief economist of Coinbase, a crypto exchange, has reported a change in the risk profile of crypto assets. According to the analysis from Cesare Fracassi, crypto performance is similar to those of stock commodities. This means that prices of crypto assets now share the same....
Crypto-specialist recruiters say they have not witnessed a downturn in crypto-related job opportunities, despite a myriad of staff lay-offs in the wider tech industry. The crypto job market shows few signs of slowing down despite high profile cases of staff layoffs and hiring freezes across big tech companies. In recent weeks, several major tech companies have announced a paring back of staff, citing a downturn in the traditional market and narrowing demand for products that had boomed during the pandemic. Recently announced hiring cuts include Twitter, Uber, Amazon and Robinhood. On....
The ASA wants crypto firms to make it clear that past crypto rallies do not guarantee the same scenarios in future. The Advertising Standards Authority, or ASA, the United Kingdom’s independent advertising regulator, has taken down another batch of cryptocurrency-related ad campaigns promoting several major industry firms.On Dec. 15, the advertising watchdog issued several rulings on ad violations involving six crypto-related firms including Coinbase, Kraken, eToro, Exmo, crypto broker Coinburp and Luno crypto exchange. The ASA also issued a similar ruling for pizza chain Papa John’s.All....
Here's what we are looking at in the bitcoin price this evening. So it’s time to draw our bitcoin price watch analysis to a close for the week. Things have been ok today, and we managed to get in and out of the markets on a couple of occasions for a quick profit. When we first kicked off today, we were a bit concerned about our risk management profile. So long as our risk stayed on form, things would be ok for a net profit going in to the weekend. This has been a bit tough with tight choppy action, as we try and set up a tight risk management profile but still leave a bit of space for some....
“The pay disparities at Coinbase appear to be much larger than those in the tech industry as a whole," wrote the New York Times. San Francisco-based crypto exchange Coinbase may have had a problem with paying its employees fairly based on gender and race. According to a report from The New York Times journalist Nathaniel Popper, Coinbase paid salaried Black employees roughly 7% less than people in similar positions, based on payroll data from 2018. Across the company, this averaged out to a difference of $11,500. When factoring in the firm's stock options, the gap between white and Black....