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

Read More
Blockchain 

Web3 Foundation Director Resigns to Pursue DAO Projects

Web3 Foundation (W3F) director Ryan Zurrer has announced that he is stepping down from his role at the decentralized web-focused nonprofit to pursue his interest in investments and decentralized autonomous organizations (DAOs). Zurrer expounded on his departure in a series of Twitter posts on Aug. 5. Zurrer explained that he will be gradually removing himself from the organization, partially in light of its current success. In June, W3F managed the token sale of blockchain interoperability protocol Polkadot (DOT). Zurrer said: “With the success of the DOTs sale, the success of…

Read More
Bitcoin 

Circle OTC Trading Branch Head Daniel Matuszewski Resigns

Daniel Matuszewski, head of over-the-counter (OTC) trading at the money transfer and BitLicensed crypto trading company Circle, has resigned. The Block reported news of Matuszewski’s departure on August 2. He apparently said that he was resigning to pursue a “brand new entrepreneurial opportunity in crypto.” According to the report, an anonymous source has said that Nick Gustafson will be entering Matuszewski’s prior role. Gustafson previously worked as a trader at cryptocurrency exchange Kraken’s OTC unit, and appears to have worked as a trader at Circle for a little over a…

Read More
Ethereum 

Head of SEC Enforcement Dept. for Cryptocurrency, Cyber Security Resigns

The chief of the United States Securities and Exchange Commission (SEC) Division of Enforcement’s Cyber Unit, Robert A. Cohen, has stepped down from his role at the commission. According to an official announcement by the SEC, Cohen served as the first chief of the Cyber Unit since its inception in 2017. The Cyber Unit is in charge of securities violations pertaining to cryptocurrency and digital assets, in addition to cyber-related trading violations and cybersecurity disclosures and procedures. During his time leading the unit, Cohen supervised a number of investigations, including…

Read More
Ethereum 

Anti-ICO Chairman of South Korean Financial Regulator Resigns as Expected

Financial Services Commission (FSC) chairman Choi Jong-ku, a governmental official in South Korea who took a hard line on domestic Initial Coin Offerings (ICOs), has tendered his resignation. The Korea Times reported the chairman’s decision on July 18. “I recently tendered my resignation to President Moon Jae-in to widen the scope of his choice before the expected reshuffle,” Choi said. According to the report, officials in the finance sector expected Choi Jong-ku’s resignation, since historically the finance chair does not complete their term in office. There are also reported rumors…

Read More