Bitcoin 

Ex-Morgan Stanley Exec Joins His Former Colleagues at Shenzhen Crypto Firm

Former Morgan Stanley Asia head of derivatives Jeffrey Wang officially joined Amber Group, a Shenzhen-based cryptocurrency company. As Bloomberg reported on Aug. 23, Wang will operate out of Vancouver as the head of Americas for Amber. According to the article, he previously worked at Morgan Stanley with four out of the five Amber’s founders, and two of them — Wayne Huo and Tony He — used to report directly to Wang. No rest for the crypto market This decision reportedly bought Wang back to work after taking the past three…

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Bitcoin 

‘Time for Plan ₿,’ Says VanEck Exec as Negative Yield Bonds Hit $15 Trillion

According to Deutsche Bank, 27% of global bonds traded are now negative yield, so expected to pay out less than their initial cost.  Negative yield bonds dwarf Bitcoin market cap This represents $15 trillion worth of debt. Or as VanEck digital asset director, Gabor Gurbacs, commented Aug. 14, this is 75 times the total Bitcoin market cap. “It’s time for Plan ₿!” he adds. Whilst currently this phenomenon is limited to certain European countries and Japan, all eyes are on the U.S. Federal Reserve to see if it follows the…

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Blockchain 

Mike Novogratz’s Galaxy Digital Hires Former Cumberland Exec

Mike Novogratz’s crypto investment bank Galaxy Digital hired a former exec at crypto trading giant Cumberland as head of global sales. According to an internal notice to Galaxy Digital’s counterparties, Wall Street veteran David Gross joined the company, crypto media outlet The Block reports Aug. 6. In his new position, Gross will be working on boosting sales in three units of Galaxy’s business, and will be reporting to president Chris Ferraro, per the report. 15 years at Credit Suisse and Lehman Brothers Before joining Galaxy Digital, David Gross served as…

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Bitcoin 

Ex-Goldman Sachs Exec Confident ‘Nothing Else Has Payoff’ as Bitcoin

Raoul Pal, a former head of equities and equities derivatives at Goldman Sachs UK office and the founder of Global Macro Investors and Real Vision Group, believes that Bitcoin (BTC) is worth betting on in the long term — even if it’s just a 1% chance. This and other insights Pal shared while speaking on the Stephen Livera podcast this week. Pal said:  “I know all these macro guys, they’re all in it. They get it. They get the optionality. They may be complete believers, part believers, partial believers. But…

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Bitcoin 

World Can’t Ignore Bitcoin in Geopolitics, Says Ex Deutsche Bank Exec

Bitcoin (BTC) is a leading indicator of hidden geopolitical tensions, according to a former exec at German multinational investment bank Deutsche Bank. Bitcoin a signal of what’s going on behind the scenes on Chinese trade talks? Peter Tchir, Forbes contributor and a former Executive Director at Deutsche Bank, stated that Bitcoin price movements could be a potential signal of what is going behind the scenes on Chinese trade talks in a Forbes article published on July 30. In the article, Tchir provided his observations of the correlation between Bitcoin price…

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Bitcoin 

US Department of Justice Accuses Crypto Exec of $7 Million Fraud Scheme

Federal authorities in the state of New York have unsealed fraud charges against the principal of a purported cryptocurrency escrow company Volantis in the amount of over $7 million. According to an announcement by the Department of Justice (DoJ), the United States Attorney for the Southern District of New York and the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (FBI) unsealed a filing with the allegations on July 25. The defendant, Volantis principal Jon Barry Thompson, was also arrested on the same day. …

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Ethereum 

European Central Bank Exec Calls for Fast Regulatory Action Regarding Libra

European Central Bank executive board member Benoit Coeure said that financial regulators must act fast to prepare for Facebook’s Libra stablecoin, Bloomberg reports on July 7. Per Bloomberg, Coeure argued on Sunday in Aix-en-Provence in southern France that allowing for the development of new financial services and asset classes in a regulatory void is irresponsible. He concluded: “We [financial regulators] have to move more quickly than we’ve been able to do up until now.” According to Coeure, the development of digital assets has exposed gaps in current financial regulations, and…

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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…

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Bitcoin 

Binance Discussing Libra With Facebook, Exchange Exec Reveals

Binance has engaged in official discussions with Facebook and is “very excited” about the libra project, the exchange’s strategy officer Gin Chao told BlockTV in an interview on June 27. While Chao cautioned the talks were at an early stage, the executive said Binance was “looking forward to working with libra as much as we can.” He said: “I think the potential that libra can have, not just on mass adoption but what it means to payments and forcing regulators’ hands to catch up a bit, is all good news.” In a separate interview…

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Bitcoin 

Bitcoin Doubters ‘Having a Hard Time’ Continuing Doubting, Says Nexo Exec

Co-founder and managing partner of cryptocurrency lending startup Nexo Antoni Trenchev said that bitcoin (BTC) naysayers are having a hard time in an interview with CNBC published on June 25. During the interview, Trenchev pointed out that bitcoin has been defined dead over 300 times (90 only last year) and “has risen from the ashes yet again. Thus, he concluded: “I think, you know, the doubters are having a really hard time continuing their cause.” Before, Trenchev also explained that he believes that the reasons behind bitcoin’s rise are increasing…

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