Blockchain 

BlackRock CEO: We Don’t Need Libra, We Need Te

CEO of the world’s largest exchange-traded fund provider BlackRock claimed that he does not consider Facebook’s Libra a cryptocurrency. The need to democratize foreign currency exchange In an interview with CNBC’s Squawk Box on July 19, BlackRock’s Larry Fink emphasized that there is a huge need to democratize the exchange of foreign currencies in cross-border transactions and to bring down the fees of the interchange. The financial executive pointed out the existing problem of overcharging cross-border transactions, claiming that people who need to send money worldwide usually do that through organizations…

Read More
Ethereum 

Circle CEO Accepts Justin Sun’s Invitation to Warren Buffett Lunch

Circle CEO Jeremy Allaire will attend the crypto power lunch alongside Berkshire Hathaway CEO Warren Buffett, Tron CEO Justin Sun and Litecoin creator Charlie Lee. On July 19, Allaire accepted Sun’s invitation on Twitter to join the much-anticipated $4.6 million lunch with the well-known Bitcoin (BTC) skeptic to discuss issues in crypto industry. In just three minutes after Sun posted the invitation, Allaire tweeted that he is honored to join, adding that the meeting would be a great chance for both Buffett and crypto community representatives to learn from each…

Read More
Ethereum 

Waves CEO Sells His Stake in Blockchain Spin-Off Vostok

Founder of token issuance platform Waves has fully sold his stake in the firm’s blockchain spin-off Vostok to focus on the Waves Platform. Alexander Ivanov, CEO and founder of Waves, sold his stake in the Vostok, with global financial group GHP Group becoming the sole owner of the project, according to a press release on July 16. Ivanov said that he decided to sell the Vostok project in order to focus the resources on the development of the Web3 ecosystem within the Waves Platform. Mark Garber, Chairman of the Board…

Read More
Ethereum 

Calibra CEO Delivers Opening Statements on Libra Ahead of Senate Hearing

The United States Senate Banking Committee has released the opening statements of David Marcus, head of Facebook’s crypto wallet Calibra. Marcus made his comments to lawmakers today, July 15, ahead of a hearing on the Libra cryptocurrency project tomorrow in the Senate. In his testimony, Marcus raised the issue of Facebook’s upcoming stablecoin Libra and its associated digital wallet Calibra, which have previously drawn criticism from both community members, lawmakers and leading industry players. Specifically, Marcus delivered comments on the structure and management of Libra and Calibra and their implications…

Read More
Bitcoin 

BitMEX CEO Says Facebook Libra Will Make Banks ‘Dumb Nodes’

Facebook’s Libra payment protocol could make central and commercial banks irrelevant, but PayPal has no future anyway, the CEO of derivatives giant BitMEX thinks. Arthur Hayes made the comments in a new interview with Taiwanese news network BlockTempo TV on July 9. Speaking during this year’s Asia Blockchain Summit (ABS), Hayes made grim forecasts for both banks and fiat-based payment networks.  Libra, which saw its whitepaper release last month but has yet to launch, has drawn both praise and criticism from across the international economy.  For Hayes, participants who should…

Read More
Ethereum 

Former Bitmain CEO Opens New Cryptocurrency Startup

The former CEO of Bitmain, one of the largest bitcoin (BTC) mining pools globally, has launched a crypto-related financial services startup, according to a Bloomberg report on July 8. Following reports on the initiative in early June, Bitmain co-founder and former CEO Wu Jihan officially launched a new crypto trading platform today that purportedly offers over-the-counter (OTC) trading, lending and custody.  Named Matrixport, the Singapore-based firm reportedly hired dozens of former Bitmain employees that were laid off from Bitmain as a result of the bear market of 2018. While Wu…

Read More
Blockchain 

Circle CEO Hopes Libra’s Unique Needs Trigger Positive Regulation

Jeremy Allaire, co-founder and CEO of payments company Circle, said that Facebook’s Libra will run in a closed-loop permission scheme that has its own requirements for regulation during an interview with Bloomberg released on July 5. During the interview, Allaire pointed out that there are different stablecoin implementations distinct in their regulatory approach. He explained: “There’s a really key difference between stablecoins that run on kind of closed-loop permission schemes — which is how Libra is being proposed today, at least in its initial incarnation — versus stablecoins that can…

Read More
Bitcoin 

‘Release the Tape You Coward’ — Roubini Tells BitMEX CEO After Debate

American economist and professional crypto contrarian Nouriel Roubini has furiously demanded the release of a recording of his latest debate with BitMEX CEO and co-founder Arthur Hayes.  In one of several fulminating tweets posted on July 2, Roubini accused the organizers of the Asia Blockchain Summit in Taiwan of being part of a “mafia hush money racket” and cowing to BitMEX’s censorship by choosing to neither tape nor broadcast his debate with Hayes during the event. One tweet reads: “Another @CryptoHayes scam: he didnt allow the blockchain conference to record our…

Read More
Ethereum 

Operator of Newly Launched Binance US Appoints Former Ripple Exec as New CEO

The operator of United States-based division of Binance crypto exchange has appointed former Ripple exec as its new CEO, the company officially announced on July 2. BAM Trading Services (BAM), the operator of recently launched Binance US, has hired Catherine Coley, former liquidity management expert at Ripple, to oversee the launch of Binance US and bring BAM’s market to North America. After joining Ripple in 2017, Coley served as Head of XRP Institutional Liquidity, her most recent position prior to Binance US. Coley’s professional experience includes forex exchange (forex) expertise…

Read More
Blockchain 

More Tether ‘Reflective’ of Real Dollars Coming Into Bitcoin, Says Kraken CEO

Bitcoin (BTC) is benefitting from inflows of fiat currency as stablecoin Tether (USDT) increases its supply, the CEO of cryptocurrency exchange Kraken told finance news channel TD Ameritrade Network on July 1. In an interview, Jesse Powell took issue with suspicions about tether due to its ongoing legal battle with the New York Attorney General.  “Historically, when you’ve seen growth in the supply of tether, we’ve seen growth in the supply of U.S. dollars coming onto Kraken,” he said.  “…I think what you’re seeing with tether is just a very…

Read More