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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin falls below $70,000 in overnight sell-off: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Thomas Perfumo, Kraken's head of strategy, weighs in on what's behind bitcoin's moves lower after hitting new records over the past two weeks.
Persons: explainers, Thomas Perfumo Organizations: CNBC Crypto, CNBC Locations: what's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe hope Congress will come in with legislation to clarify how crypto should be regulated: StrategistThomas Perfumo of Kraken says "as a firm in the U.S., it's quite difficult to navigate this current environment."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKraken's head of strategy discusses the company's strategy in 2023 post-layoffs and future projectsCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Thomas Perfumo, head of strategy for Kraken, outlines the crypto exchange's focus amid the current downturn.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGemini lays off 10% of staff, and Kraken outlines exchange's focus amid downturn: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Thomas Perfumo, head of strategy for Kraken, outlines the crypto exchange's focus amid the current downturn.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt doesn't make sense for us to continue operations in Japan, says crypto exchangeThomas Perfumo of Kraken says the country has been a "very small" part of the business, and the company wants to narrow its focus on areas with the most impact.
Industry analysts have predicted that this upgrade could triple current Ethereum staking yields. Here's how staking will change in light of Ethereum's Merge — and what that means for returns. There's another reason the Merge was so important, Perfumo told Insider — eventually, it will single-handedly increase the total market cap of staked crypto assets from 25% to 30% to over 50%. Because Ethereum validators also earn gas fees, higher transaction volumes mean a higher yield. But since these exchanges effectively manage custody of a user's assets, Perfumo emphasized the importance in choosing a trusted exchange to minimize counterparty risk.
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