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Blackrock CEO Larry Fink Sees Global Demand and ‘Pent-up Interest in Crypto’ Amid Israel-Hamas War
18.10.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, sees the recent bitcoin rally as “an example of the pent-up interest in crypto.” Noting that as the Israel-Hamas war rages on, more people will be running to bitcoin as “a flight to quality,” the executive...
FTX Executive continues Testimony in SBF Trial, Gives Details on Discovering Alameda's $8 Billion Debt
17.10.2023
Nishad Singh, former head of engineering for FTX, resumed his time on the witness stand Tuesday morning after a gripping testimony yesterday.
Beginning his cross-examination, Singh called FTX's business spending "too large" and stated much of it "didn't make sense."...
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FTX Executive Describes Final Days of Doomed Crypto Exchange: "I'd Been Suicidal for Some Days"
17.10.2023
FTX's former head of engineering, Nishad Singh, finished up his direct examination in Manhattan federal fourt Monday afternoon by recounting the details of the crypto company's collapse.
In his testimony, Singh stated that he found FTX founder Sam Bankman-Fried's spending "excessive"...
LIVE: Former Top FTX Executive Nishad Singh Takes Stand in Case Against Sam Bankman-Fried
16.10.2023
Former FTX engineering head Nishad Singh, another member of the company's inner circle, took the stand early Monday to testify against his former boss and friend
Ferrari Starts Accepting Crypto Payments for Luxury Sports Cars
15.10.2023
Ferrari has reportedly begun accepting payment in cryptocurrency. The Italian luxury sports car manufacturer cited requests from both the market and dealers as the primary motivation for this decision. “This will help us connect to people who are not necessarily our clients but might afford...
JPMorgan CEO Warns of ‘Most Dangerous Time the World Has Seen in Decades’
15.10.2023
JPMorgan Chase CEO Jamie Dimon has warned of “the most dangerous time the world has seen in decades.” The executive explained that “the war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical...
Mastercard Demonstrates New Solution for CBDC Tokenization
14.10.2023
Mastercard says its new solution that enables central bank digital currencies (CBDCs) to be tokenized or wrapped onto different blockchains provides consumers with “a new option to participate in commerce across multiple blockchains with increased security and ease.” A Mastercard...
Ripple Executive and Community Slam Charles Hoskinson Over ETHgate Comments
13.10.2023
David Schwartz, Ripple’s Chief Technology Officer has hit back at Charles Hoskinson over his defense of the Securities and Exchange Commission’s (SEC) comments on Ethereum (ETH) over other projects.
Popularly called ETHgate in digital asset circles, the issue sparked off following the SEC’s case...
Coinbase Executive Urges Congress to Pass ‘Sensible’ Crypto Legislation Swiftly as Middle East Conflict Escalates
13.10.2023
Coinbase’s chief legal officer has called on U.S. Congress to pass sensible crypto legislation following reports that Hamas has amassed millions in cryptocurrency amid the escalating Middle East conflict. “We need this industry flourishing in nations committed to the rule of law, not driven...
Former OpenSea Executive Entangled in AnubisDAO Rug Pull Allegations
9.10.2023
Kevin Pawlak, the former head of ventures at NFT marketplace OpenSea, is facing accusations connected to the AnubisDAO rug pull incident that occurred in 2021. The allegations came to light in an October 6 X (formerly Twitter) thread posted by an anonymous account called NFT Ethics.
For its part...
Berkshire Vice Chair Charlie Munger Warns Most Crypto Investments Will Go to Zero
9.10.2023
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has expressed his belief that the majority of cryptocurrency investments will become worthless. Regarding bitcoin, the executive opined: “That was the stupidest investment I ever saw.”...
Billionaire on Paper: FTX CTO Gary Wang Reveals Alameda’s Privileges Amidst Exchange Scandal
6.10.2023
Former FTX chief technology officer Gary Wang took the stand on Thursday in the trial of FTX founder Sam Bankman-Fried. Wang admitted to committing financial crimes with Bankman-Fried, former Alameda CEO Caroline Ellison, and former FTX engineering executive Nishad Singh. From High School...
JPMorgan CEO Warns of 2 ‘Extraordinary’ Storm Clouds Hitting US Economy With Potential ‘Bad Outcomes’
6.10.2023
JPMorgan Chase CEO Jamie Dimon has warned of two “extraordinary” things happening today that may have “bad outcomes” for the U.S. economy. Moreover, the executive has urged investors and businesses to be prepared for higher interest rates. “I don’t think inflation will keep...
Former Three Arrows Capital Executive Su Zhu Arrested in Singapore
29.9.2023
Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the bankruptcy proceedings, Teneo revealed. Crackdown...
Binance Ending Operations in Russia — Crypto Exchange to Focus on 100+ Other Countries
29.9.2023
Crypto exchange Binance is closing down all exchange services and business lines in Russia. The company has entered into a sales agreement with Commex. A Binance executive explained that operating in Russia is not compatible with the company’s compliance strategy. “We remain confident in...
Hong Kong’s Chief Executive Calls for Tighter Crypto Regulations Citing JPEX Saga
19.9.2023
Hong Kong’s Chief Executive John Lee called for tighter regulations on crypto trading citing the recent alleged rugpull by the unlicensed crypto exchange JPEX.
Addressing a press conference, John Lee said that the JPEX saga highlights the need for tighter crypto regulations. ...
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Softbank Looking to Invest Billions in AI After Pausing Crypto Investments
18.9.2023
Softbank, one of the largest investment management conglomerates in the world, is reportedly eyeing several investments in the artificial intelligence (AI) field after having paused its crypto investments. According to the Financial Times, Softbank founder and chief executive officer Masayoshi...
Binance US CEO Is ‘Taking Deserved Break,’ CZ Seeks to Downplay Executive Exodus
17.9.2023
Binance founder Changpeng Zhao has commented on the latest executive departures from his company’s American branch. The changes in the U.S. crypto trading firm’s management, including the release of its chief executive, followed similar developments at the global exchange. CZ Urges Followers...
Binance CEO responds to rumors, says US executive is 'taking a deserved break'
16.9.2023
Despite Brian Shroder resigning as CEO of the exchange’s US wing amid SEC and CFTC lawsuits, Binance CEO Changpeng Zhao claimed that the departure was normal
Binance US CEO Quits, Crypto Exchange Cuts Third of Jobs
15.9.2023
Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency exchange by daily trading volume. Shroder Departs...