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Coinbase welcomed its new CFO Alesia Haas

Laira Rebecca



Coinbase welcomed its new CFO Alesia Haas
Source: Pixabay

Cryptocurrency wallet and exchange platform, Coinbase, has announced the joining of its new Chief Financial Officer, Alesia Haas. The COO and President of Coinbase, Asiff Hirji made the news official through Coinbase blog post on April 17th. The firm aims to create a world-class financial team with higher scalability while working with Alesia and utilizing her experience in managing various complex financial institutions.

Alesia was the former CFO of Och-Ziff Capital Management, an American based Hedge Fund manager and global alternative asset management firm. Prior to that, she was working with OneWest Bank as its CFO. She has also worked with Merrill Lynch and Infinity Point. She has served as Senior Finance Officer and Strategy Head in her previous organizations.

Asiff Hirji mentioned that she would be joining Coinbase immediately while she helping Oz Management until June.

Brian Armstrong, the CEO, and Co-Founder of Coinbase says:

“I’m incredibly excited to have Alesia join Coinbase as our new CFO. She brings deep financial services experience to our growing company. Finance is core to everything that we do. We plan to continue bringing the best from both finance and technology companies to help create an open financial system for the world.”

Coinbase's tweet

Coinbase’s tweet

A cryptocurrency enthusiast commented on Twitter:

“You guys keep hiring new people but what about adding new assets? #Bitcoin #Litecoin #Ethereum #Monero #NEO #PayWithLitecoin  #HODL”

Another Twitterati says:

“If you want to keep your Chief Financial Officer busy add XRP”

Kris Overton, a Bitcoin proponent says:

“Until you Add more coins, who really cares… I can’t wait for Binance to add fiat pairs and dust @coinbase

A Ripple supporter commented:

“Does she have the ability to add xrp? Because every1 uve been hiring seem to not have the ability to add xrp”

Coinbase has hired many noteworthy individuals to the firm recently. Also, the firm acquired the Bitcoin startup for a reported $120 million and the Ethereum wallet Cipher Browser

Matthew Atlanta, a technology professional says:

“Really is amazing at the speed for which coinbase built an executive team of this caliber; I have not seen anything like it before.  Guess that happens when you blast through expectations exponentially in year prior.”

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Laira is a full-time writer at AMBCrypto. She is a Computer Science graduate and she has about 1-year experience in writing. Her enthusiasm and keen interest in developing her knowledge about blockchain and cryptocurrency led her to be a part of AMBCrypto. She currently does not hold any value in cryptocurrency or its projects.


HitBTC responds to allegations of insolvency, refutes claims made by Redditors




HitBTC responds to allegations of insolvency
Source: Unsplash

HitBTC, a Hong Kong-based exchange has been the center of accusations among users on Reddit, Twitter, and other forums. HitBTC users started complaining about issues regarding withdrawal and extensive procedures after one particular user @ProofofReserach put out a thread alleging insolvency of HitBTC.

To put an end to all the accusations, HitBTC has broken its silence with a blog post explaining their side of the story. According to HitBTC, their systems performed well during the winter of 2017-18, however, HitBTC mentioned that due to overwhelming demand for the services, they experienced bottlenecks at an operational level.

Referring to the BitcoinExchangeGuide article, HitBTC responded:

“A widely quoted article, in its entirety, is based on only 2 AML cases. One of them was initiated as part of the investigation into the December, 2018 BTCP security breach, at the request of the coin’s core team. Unfortunately, there is no clear indication of the nature of the second case that can be discerned from the article. The author of the article failed to track the deposit/withdrawal dynamics that did not uncover any irregularities. A simple block explorer or our public System Monitor would suffice for these purposes”

Additionally, referring to the altcoins being added and removed from the platform, the exchange said that they were honored to work with a diverse range of projects, however, since the crypto sphere was still nascent, there were lapses in their judgment in assessing the integration partners. With the above-mentioned prominent cases, HitBTC also addressed other topics.

@ProofofResearch replied to HitBTC’s blog:

“Is there a reason why you’re unable to tell people us where your Bitcoin storage is at? If what I published is as untrue as you claim it is, then providing a wallet address where your Bitcoin funds are stored will go a long way in *proving that*.”

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