Cryptocurrency 

Libra Labeled a ‘Monetary Threat’ By Senior US Bank Executives

Libra, the underfire planned cryptocurrency from Facebook (NASDAQ:FB), has been described as a monetary threat by senior US bank executives in a meeting with the Federal Reserve.  Senior Bank Execs Opposed to Libra Libra has been heavily scrutinized by regulatory bodies and financial institutions across the globe since it was first announced back in June and has been dealt a further blow following a meeting of the Federal Advisory Council this month. Members of the council include M&T Bank CEO Rene Jones, KeyCorp’s Beth Mooney, and Brian Moynihan, CEO of Bank…

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Ethereum 

Blockchain Is a New Frontier According to Top Executives, Investment Levels Plummet

There are mixed indicators regarding the current progress or stalling of blockchain adoption throughout the enterprise world. Research has indicated that investments have dropped by over half over the last year, contrary to other research showing a growing sentiment toward the vitality of blockchain adoption as an innovative technology. For example, Research by CB Insights in 2019 indicates that there may be a separation between corporate adoption and corporate investments into blockchain companies. As reported previously by Cointelegraph, blockchain investments have dropped by up to 60% since 2018. However, this…

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Ethereum 

Ethfinex Launches DAO as Executives Consider Regulatory Landscape

Cryptocurrency exchange Ethfinex, the sister exchange of Bitfinex, has launched a test decentralized autonomous organization (DAO), the company confirmed in a blog post on June 12. Ethfinex — which earlier this month launched a decentralized over-the-counter (OTC) trading platform — said it wants to decentralize control of its operations. The DAO was built by DAOstack and is known as efxDAO, with an initial funding budget of $5,000. “Today we reach an important milestone in our path to decentralised governance of Ethfinex,” the exchange’s community lead, Ben Wilson, wrote in the…

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Bitcoin 

3 Top Executives Depart Online Lending Fintech Startup SoFi

Fintech startup SoFi — known for its online lending services — has seen three of its top executives depart from the company, the Wall Street Journal reports on June 4. As Cointelegraph reported at the time, SoFi partnered with major United States-based crypto exchange Coinbase in February to roll out crypto trading support. Per the WSJ report, head of risk, Kevin Moss, the lender’s top capital markets executive, Ashish Jain, and marketing chief, Joanne Bradford, recently told CEO Anthony Noto about their plans to abandon their positions. All three have…

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Blockchain 

Coinbase Loses 3 Senior Executives in 6 Months as Dan Romero Quits Position

United States cryptocurrency exchange Coinbase has lost another senior executive as its head of international, Dan Romero, announced his resignation in a blog post on April 12. Romero, who worked for five years at the company in various positions, follows director of institutional sales, Christine Sandler, and ex-vice president and general manager, Adam White in quitting the firm. Sandler left in March to join pro-crypto financial services giant Fidelity Investments, while White sought new pastures in October last year. Romero had also worked in White’s role, and his departure continues…

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Blockchain 

Blockchain Adoption Is Not a Priority for Finance Executives, KPMG Poll Shows

Most tax and finance executives do not consider adopting blockchain technology, according to a recent survey conducted by Big Four auditing firm KPMG. The results of the poll were shared with Cointelegraph on Tuesday, April 9. A poll undertaken during a recent webcast, dubbed “Understanding Blockchain – It’s Not Just About Crypto,” was held in February 2019. KPMG asked around 450 tax and finance executives from different companies about blockchain and other technologies. Generally speaking, the survey has shown that tax and finance executives are seeking different solutions to eliminate…

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Bitcoin 

AMD Q4 Financial Report Sees Income Dip, Executives Show No Signs Of Panic

United States transnational IT company Advanced Micro Devices (AMD) released its Q4 revenue report on Jan. 29, broadly conforming to analysts’ fears of a continued slowdown. AMD, which like other graphics hardware manufacturers has suffered due to the cryptocurrency bear market, produced quarter-on-quarter revenue losses of 14 percent. Its gross margin was down 2 percent versus Q3, while its net income fell from $122 million to just $38 million. As Cointelegraph reported, investors had previously warned about possible losses for AMD prior to the report’s release, arguing that the lasting…

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Blockchain 

Two R3 Executives Are Leaving Their Positions Amid Broad Company Reorganization

Two executives at blockchain consortium R3 are reportedly planning to depart from the company amid a larger internal reorganization, sources familiar with the situation reported on Jan. 26. R3 is an enterprise software firm that focuses on distributed database technology. It leads a consortium of over 200 members, such as financial institutions, banks, trade associations and fintech companies. Sources say that R3 told its employees at town hall meetings on Friday, Jan. 25, that head of global services and managing director Brian McNulty and chief administrative officer Laurel Carroll are…

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