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| November 15, 2018

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Woman goes on racist, homophobic rant on plane, reportedly threatens a flight attendant

November 10, 2018 |

An anonymous woman has made headlines across the internet for going on an expletive-filled tirade full of racist and homophobic slurs against her male seatmate.
FOX News

Instagram influencer reportedly booted from the Louvre for revealing outfit

November 9, 2018 |

She later said that the experience didn’t ruin her time in Paris, adding that the city is “so beautiful that you can’t stay upset for long”.
FOX News

The Daily: Coinbase Reportedly Cuts Staff, Telegram Loses Appeal Against Ban

October 28, 2018 |

The Daily: Coinbase Reportedly Cuts Staff, Telegram Loses Appeal Against Ban

In this edition of The Daily, we cover reports that the U.S. exchange Coinbase has laid off some of its remote workforce. We also look at news that Bitfury is considering holding an initial public offering like Bitmain. Also, a court in Moscow has reject an appeal against the ban imposed on the popular messenger Telegram.

Also read: September Losses for Most Traders, Crypto Debit Cards Shipped in Singapore

Coinbase Lays Off 15 Employees, Report

The Daily: Coinbase Reportedly Cuts Staff, Telegram Loses Appeal Against BanCalifornia-based cryptocurrency exchange Coinbase has reportedly laid off some employees this week. The cuts have affected its customer support, compliance, and fraud departments. According to sources quoted by Yahoo Finance, more than 15 people have been released from duties, mostly remote staffers. Coinbase has confirmed the layoffs but declined to specify the number.

The personnel cuts in the U.S. crypto company, which is thought to be preparing to go public, come after a major funding round this month that raised its valuation to $ 8 billion. The cryptocurrency trading platform employs around 550 people. Coinbase’s remote customer support team was built in the past few years to accommodate its growing user base. The exchange claims to have 25 million customers worldwide. The San-Francisco-headquartered business has offices in New York, Chicago, Portland, London, Dublin, and Tokyo.

According to the report, Coinbase’s new customer service executive, Tina Bhatnagar, wants to centralize the operations of the department. As a result, some members of the remote support team have been laid off, while others have been offered to relocate to one of the company’s offices. In a written statement, Coinbase commented: “We’ve learned that certain teams who are co-located are more efficient, effective, and happier in their roles. So moving forward, some teams – Including Support, Fraud, and Compliance – will only hire employees into Coinbase offices.”

Bitfury Considers Initial Public Offering

The Daily: Coinbase Reportedly Cuts Staff, Telegram Loses Appeal Against BanMining hardware producer Bitfury is exploring a number of business options including an initial public offering (IPO). The IPO can be held in Amsterdam, London or Hong Kong, said sources familiar with the matter quoted by Bloomberg. According to the report, raising debt financing or selling a minority stake are also among the alternatives currently reviewed by the company. Some estimates suggest that the decision to go public could raise its valuation to between $ 3 and $ 5 billion.

Bitfury has so far declined to comment on the matter but the move wouldn’t be a huge surprise. Bitmain, the Beijing-based mining giant and hardware manufacturer, has already filed for an IPO and seeks approval to be listed on the Hong Kong stock exchange. In August, market observers predicted the Chinese company could raise up to $ 3 billion. Earlier reports were more optimistic. Bitmain’s listing is expected in the first quarter of 2019.

Moscow Court Turns Down Appeal Against Telegram Ban

The Daily: Coinbase Reportedly Cuts Staff, Telegram Loses Appeal Against BanThe Moscow City Court has rejected a cassation appeal filed against the Russian blockade of Telegram, RIA Novosti reported quoting the court’s press secretary, Ulyana Solopova. The clampdown on the messenger, popular among crypto enthusiasts around the world, started with attempts by Russia’s telecom watchdog, Roskomnadzor, to restrict the service. They followed a decision issued by a district court in the capital city on Apr. 13, 2018, which came in response to Telegram’s refusal to hand over its encryption keys to the Federal Security Service (FSB). The agency insists the messaging app is used by terrorist suspects.

The city court now says that Telegram’s claimed inability to provide the keys is not a reasonable ground for non-compliance with the law. References to provisions safeguarding the privacy of correspondence have been rejected as well with the presiding judge stating that the information needed to decode the messages does not constitute a secret protected by the Russian constitution. The efforts to block access to the messaging platform have been largely unsuccessful. In August, Telegram agreed to share information with authorities in cases in which the court has issued an order.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock.


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The post The Daily: Coinbase Reportedly Cuts Staff, Telegram Loses Appeal Against Ban appeared first on Bitcoin News.

Bitcoin News

Lisa Marie Presley reportedly seeking sole custody of twin daughters amid ongoing divorce battle

October 15, 2018 |

Lisa Marie Presley‘s battle with ex-husband Michael Lockwood continues.
FOX News

Stocks Sink as China Reportedly Rebuffs Talks

September 24, 2018 |

Stocks are closing mostly lower on Wall Street after China and the US put tariffs on more of each other’s goods, the AP reports. Investors were also discouraged Monday by a report that China rebuffed a plan for more talks on trade. Oil prices rose after OPEC decided against increasing…
Newser

Tennis Umps Reportedly Mull a Boycott of Serena Games

September 12, 2018 |

Serena Williams has already been hit with a $ 17,000 fine for a confrontation Saturday at the US Open with the chair umpire. Now she may face a boycott from other umps who stand behind Carlos Ramos, per the Washington Post . In Serena’s court: the US Tennis Association, tennis legend…
Newser

Mac Miller’s home was reportedly cleaned before police investigation

September 8, 2018 |

Mac Miller left behind little evidence of his apparent fatal drug overdose, according to a report.
FOX News

Bank of America reportedly froze some accounts after asking customers about their citizenship

September 1, 2018 |

In order to get a bank account in the U.S., customers need to provide their name, date of birth, address and an identification number, which may or may not indicate a person’s citizenship, federal regulators say.

But recent reports show that banks are also explicitly asking for an individual’s…


L.A. Times – Business

TMZ

Asia Argento Reportedly Paid $380,000 to Settle Sexual Assault Case

August 20, 2018 |

Asia Argento — one of Harvey Weinstein’s first accusers and a prominent figure in the #MeToo movement — reportedly paid off her own accuser, a then 17-year-old boy. The NYT cites documents it obtained outlining an agreement between Argento’s…

TMZ.com

Papa John’s founder reportedly used racial slur in conference call

July 11, 2018 |

A media agency working with Papa John’s International Inc. decided to cut ties after the pizza maker’s founder and chairman, John Schnatter, allegedly used a racial slur and graphic descriptions of violence against minorities on a May conference call, according to Forbes.

Papa John’s and the agency,…


L.A. Times – Business