RABIT Weekly News (W2 August 2022)
- Michael Sailor steps down as CEO of MicroStrategy and will preside over the presidency of the board of directors to acquire more cryptocurrency. Alongside the announcement, MicroStrategy shared its Q2 result, revealing that net losses amount to $1.062 billion compared to $299.3 million for the second quarter of the last year.
- Starbucks will unveil a Web3-based reward program on Investor's Day scheduled for September 13. The reward program will include coffee-themed NFTs, and owners will be provided with access to exclusive content and other perks provided by Starbucks.
- BlackRock partners with Coinbase to provide cryptocurrency-related services to institutional investors. According to Coinbase, BlackRock would start providing bitcoin trading and custody services to its clients.
- Morgan Stanley is looking for a product development manager for the firm’s Investment Solutions Product Development team with a primary focus on developing cryptocurrency products. The manager and the team will be responsible for supporting more than $900 billion in assets under management.
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