Yet Another Executive Is Parting Ways with Coinbase

  • Alex Morris
    📰 News

    Dan Romero, another proud member of the growing ‘Coinbase mafia’, has yet to reveal his future plans after leaving the number one exchange


Yet Another Executive Is Parting Ways with Coinbase
Contents

<>Dan Romero, vice president for international business at Coinbase, has just announced that he’s leaving the number one exchange in the US after working at the company for five years. This is already the third executive calling it quits with the 700-strong company since its gargantuan funding round in October.  

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Next steps

In his blog post, Romero reflects on his path at Coinbase and his future plans. Despite parting ways with the exchange, he claims that he will stay ‘as optimistic as ever’ about the future of crypto and Coinbase. He had some words of praise for the company, claiming that it seamlessly bridges traditional finance with the nascent cryptocurrency industry. Romero further states:

“I joined Coinbase when it was 20 people; it is now over 700 people. I’ve also had the privilege to work across almost every aspect of the Coinbase business — our banking partnerships, international, and time with both our consumer and institutional businesses. Through this, I’ve come to appreciate the value in working at a mission-driven company that’s willing to focus on a long-term strategy.”

Speaking of his next steps, Romero says that he has yet to figure out what he’s going to do next.   

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Coinbase mafia

The news comes just two weeks after another Coinbase vet, Christine Sandler, left the $8 bln exchange to join Fidelity Investments. As reported by U.Today, Adam White, who worked at the company from its very inception, left the San Francisco unicorn back in October for Bakkt. While commenting on White’s resignation, Coinbase CEO Brian Armstrong claimed that they were glad to see the emergence of ‘Coinbase Mafia’. However, it is unclear why so many senior or mid-level executives have recently parted their ways with the company.

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Trading Expert Predicts Enormous Gains for Ripple’s XRP Price


Trading Expert Predicts Enormous Gains for Ripple’s XRP Price
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Ripple’s XRP could be on the cusp of another major price rally, according to trading expert Crypto Thies. Based on his technical analysis, the XRP price could witness “enormous gains” in the short-term.

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XRP takes a hit  

Piers Morgan’s catchphrase “One day you’re cock of the walk, the next you’re a feather duster” is very relatable to the cryptocurrency market. After stagnating for weeks, the price of XRP suddenly surged by more than 43 percent USD-wise on May 14-15 once Coinbase opened up trading in New York. XRP was the best-performing cryptocurrency in the top 10, but the rally didn’t last long.     

On May 17, XRP recorded an intraday low of $0.359 after its price tanked by more than 25 percent. All major altcoins collectively took a hammering on Friday after the Bitcoin price suddenly experienced a 20 percent drop, which was allegedly caused by market manipulations.

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A dicey situation

The blow was too hard for XRP to rebound. At the time of writing, it is trading at $0.369 after yet another 3.32 percent price decrease over the last 24 hours, according to CoinMarketCap data.  

Now, XRP is facing its make-it-or-break-it moment. If its price breaks below the $0.340 level, things could turn ugly for Ripple’s native token with its next downward target being significantly lower. Trading expert Peter Brandt earlier suggested that a huge price drop would be almost inevitable if that’s the case.

Cover image via u.today
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