Features Crypto News by Thebittimes.Com

Coinbase’s executive responsible for inter national expansion , Nana Murugesan, will leave the firm in 2024 amid EU expansion . Coinbase’s Vice President of Inter national and Business Development, Nana Murugesan, is leaving the crypto exchange as the company seeks to expand services in Europe under the new Markets in Crypto-Assets (MiCA) regulation. 1/3 Really enjoyed my two incredible years at Coinbase. Thank you @brian_armstrong, @emiliemc and team for this amazing journey 🫡 It was a privilege to criss-cross the globe to build the foundation for growth. Sharing some reflections on my time here: https://t.co/4h0pwKmtUu — Nana Murugesan ️ (@NanaMurugesan) November 13, 2023 Although Murugesan did not elaborate on the reason for the move, he said in an X post on Nov. 13 that he will leave the company in Q1 2024. However, he will stay at the firm as an advisor until July 2024. As of press time, it is unclear who will replace him. You might also like: Co...

The crypto market has reacted little to the U.S. Federal Reserve’s decision to leave interest rates unchanged , even as it hinted at a final hike before year’s end. On Sept. 20, the U.S. Federal Reserve (Fed) Chair Jerome Powell held a Federal Open Market Committee (FOMC) press conference, announcing that current interest rates, ranging between 5.25% and 5.5%, would remain unchanged. “In light of how far we have come in tightening policy, the committee decided at today’s meeting to maintain the target range for the federal funds rate at 5 ¼ to 5 ½ percent and to continue the process of significantly reducing our securities holdings.” Jerome Powell, Federal Reserve Chair However, the Fed hinted at one final hike ranging between 5.5% and 5.75% before the end of 2023 to close the current cycle that would have seen 12 interest rate hikes since March 2022. Powell reiterated the Fed’s goal to bring inflation back down to 2%, adding that its decision would be guided by “ongoing asse...