Bitcoin 

Bitcoin Dominance ‘Reverting to Mean’ of 90%, Says Blockstream CEO

Bitcoin (BTC) is reverting to its historical 90%+ market dominance at altcoins’ expense, one of the industry’s best-known figures has declared. Back: Bitcoin will hit 90% dominance again In a Twitter debate with Primitive Fund co-founder Dovey Wan on Sept. 9, Blockstream CEO Adam Back said altcoins’ previous supremacy was a temporary feature of the cryptocurrency space.  Wan had queried whether Bitcoin would continue making market cap gains, and if these would become a permanent new status quo.  As Cointelegraph reported, Bitcoin’s share of the overall crypto market cap now…

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Blockchain 

TZERO CEO Issues Letter to Investors, Addresses Patrick Byrne’s Resignation

The CEO of Overstock’s blockchain subsidiary tZERO, Saum Noursalehi, has issued an update on tZERO’s progress and addressed the departure of Overstock’s CEO Patrick Byrne. In a letter to investors published on Sept. 6, Noursalehi addressed Byrne’s resignation as the CEO of American e-commerce giant Overstock.com. Noursalehi assured that Byrne’s departure will not have an impact on tZERO’s daily operations and implementation of the firm’s strategic roadmap. Byrne stepped down as CEO of Overstock in late August. In his letter of resignation, Byrne reaffirmed his faith that “the blockchain revolution…

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Bitcoin 

‘New Normal Bottom Price for Bitcoin Is $10K,’ Says Advisory Group CEO

Nigel Green, the CEO and founder of financial consultancy firm deVere Group, says that the new normal bottom for Bitcoin (BTC) price is $10,000. BTC price holding $10K level for 3 months London business news outlet LondonLovesBusiness reported on Aug. 27 that Green said: “Looking at its performance this year, I believe that the new normal bottom price for Bitcoin is $10,000. It bounces at this price. If it fluctuates below this level, it shoots back up again. We have seen this in action on Monday when Bitcoin hit $10,500…

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Bitcoin 

VMWare CEO Gelsinger Condemns Bitcoin as Bad Design, Bad for Humanity

Pat Gelsinger, the CEO of major cloud computing and virtual machine company VMWare, has condemned Bitcoin (BTC) as being “bad for humanity.” Fortune spoke to Gelsinger about Bitcoin prior to VMWare’s annual conference in San Francisco on Aug. 26. According to Gelsinger, one issue with Bitcoin is its purportedly high energy consumption, which contributes to climate change. Gelsinger said: “It takes the energy of a home, half-a-home a day, to do a single entry into a Bitcoin ledger […] It’s climate intolerant, it is so extreme, it is bad design.”…

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Bitcoin 

90% of Bitcoin Usage is Speculation — 10% Transactions, Says Luno CEO

Marcus Swanepoel, CEO of cryptocurrency exchange Luno, says that most of its users use Bitcoin (BTC) as an instrument for investing and speculating. Transacting, however, comprises a small share of the cryptocurrency’s use cases, he explains.  Bitcoin usage: 90% digital gold, 10% digital cash Swanepoel said during an interview with CNBC published on Aug. 26, that only a small portion of its users buy Bitcoin only then to use it for transactions. Meanwhile, nearly all are either investors or speculators. He explained:  “Roughly about 90% I would put into the…

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Blockchain 

Circle CEO Says Tokenized Fiat Currencies Are on the Horizon

Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, said that the firm has long held that major fiat currencies would eventually be tokenized. Significant digital currencies In an interview on Aug. 21 on the podcast Global Coin Research, Allaire said that Circle has thought for years that sovereign currencies would eventually be digitized. He stated: “When we got started with Circle back in 2013, I think our belief has been that there will be significant non-sovereign digital currencies that grow in use and that will be attractive…

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Bitcoin 

Crypto advocate Patrick Byrne resigns as CEO of Overstock

Noted crypto advocate Patrick Byrne resigns as CEO of Overstock. Per a letter of resignation and company statement posted on Twitter Aug. 22, Patrick Byrn will be stepping down as CEO of Overstock. Having led crypto-friendly ecommerce at the company, including the launch of tZero and Overstock’s acceptance of Bitcoin payment, Byrne’s announcement follows the announcement of disappointing Q1 earnings for 2019. Disclaimer: This story is breaking and will be subject to updates. Source link

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Bitcoin 

People Who Want to Control Their Capital Buy Bitcoin, Says Circle CEO

Jeremy Allaire, CEO at cryptocurrency financial services company Circle, expressed his optimism in regards to Bitcoin (BTC) being a safe haven for investors despite recent market volatility. On Aug. 19, Allaire voiced his sentiment during the CNBC’s Squawk Box. He explained:  “Clearly, a non-sovereign digital asset like bitcoin is attractive to people who are interested in moving capital into a place where they can control it themselves. That underscores a lot of interest that’s been there over time. It’s the digital gold thesis, and I think a lot of both…

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Blockchain 

Binance to Resume US Operations Within Two Months, Predicts CEO CZ

Changpeng Zhao, CEO of major cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within the next two months. Navigating U.S. regulation Zhao, also known as CZ within the crypto community, made his prediction in an interview with online news outlet Cheddar published Aug. 15. When asked about Binance’s return to operations in the U.S., Zhao said:  “I don’t want to promise any fixed dates, but there’s a lot of work being done and there’s a lot of things going on in flux, but…

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Bitcoin 

Swiss SIX Digital Exchange CEO Departs Due to ‘Strategic Differences’

The CEO of Switzerland’s SIX Digital Exchange (SDX), the cryptocurrency-focused arm of the the country’s principal SIX Swiss Exchange, is departing the company, local news outlet SwissInfo reported on Aug. 14.  CEO departs before SDX launch Martin Halblaub will step down after eight months into his job when his contract expires at the end of August following disagreements on how the trading platform should be run.  Halblaub reportedly wanted SDX to launch as an independent company, while the board of the parent company — SIX Group — disagreed. He commented…

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