Fintech Company TrueDigital Appoints Former Bridgewater Associates Executive as CEO

New York-based fintech company TrueDigital Holdings (TDH) announced the appointment of former Bridgewater Associates chief operating officer Thomas Kim as its new CEO through a post on its website on Feb. 19. Before his time at Bridgewater Associates, which had almost $125 billion assets under management in 2018, Kim worked at now-defunct global financial services firm Lehman Brothers in charge of the Townsend Analytics Electronic Trading franchise. According to today’s post, Kim will manage TrueDigital’s existing initiatives, such as the launch of Bitcoin (BTC) swaps planned for this year. In…

CEO of Japanese Finance Giant SBI Vests His Crypto Industry Hopes in Ripple and R3

Yoshitaka Kitao, CEO and representative director of Japanese financial services giant SBI Holdings, has singled out Ripple (XRP) and blockchain consortium R3 as reasons to remain optimistic about the future of the crypto industry — bear market notwithstanding. Kitao made his remarks during an interview with Japanese crypto news outlet Coin Post on Feb. 18. SBI Holdings is an active partner of Ripple via their joint venture, “SBI Ripple Asia,” established to promote the use of XRP in Asian financial markets back in 2016. In his interview with Coin Post,…

Digital Currency Group CEO Bullish About Bitcoin but Prophesies Doom for other Cryptocurrencies – BTCMANAGER

There are currently over 2096 cryptocurrencies listed on CoinMarketCap. The founder, and CEO of DCG, however, has said he believes in Bitcoin and believes it could replace gold someday, saying he is bullish about BTC. Barry Silbert thinks a majority of those 2096 crypto assets will fail before you hear about them. Long-Term Believers The former Wall Street investor Barry Silbert, the CEO and founder of Digital Currency group and Greyscale Investment told CNBC on Wednesday, February 14, 2019, he was more bullish on Bitcoin than he had ever been.…

Ripple CEO Brad Garlinghouse Says JPMorgan Coin ‘Misses the Point’ of Crypto

Ripple (XRP) CEO Brad Garlinghouse says the newly-announced digital asset from United States banking giant JPMorgan Chase “misses the point” of cryptocurrency, according to a tweet published on Feb. 14. As reported, JPMorgan Chase revealed its blockchain-powered JPM Coin yesterday, saying the asset will initially be used to increase settlement efficiency in select operations. Directly following the announcement, Garlinghouse responded on Twitter: “As predicted, banks are changing their tune on crypto. But this JPM project misses the point — introducing a closed network today is like launching AOL after Netscape’s…

Most Digital Tokens ‘Will Go to Zero’ Says Digital Currency Group CEO

Barry Silbert, CEO and founder of Digital Currency Group and Grayscale Investments, said that the majority of digital tokens will not have value in the long run, CNBC reports on Feb. 13. In a purported phone interview with CNBC, Silbert said “I’m not a believer in the vast majority of digital tokens and I believe most will go to zero.” He added that, “Almost every [initial coin offering] ICO was just an attempt to raise money but there was no use for the underlying token.” ICOs experienced a boom in…

Former JPMorgan Exec Becomes New CEO of Blockchain-Based Commodity Trading Platform Vakt

Former JPMorgan Chase executive Etienne Amic has been appointed as new CEO at Vakt, a blockchain-based commodity post-trade platform, according to a press release shared with Cointelegraph on Feb. 13. Having served as a managing director at both JPMorgan Chase and Mercuria Energy Trading S.A., Amic is expected to bring direct experience in commodities trading to the Vakt platform, which is designed to digitize physical commodities trading by cutting out paperwork. The new Vakt CEO has most recently served as co-founder and chairman of Vortexa, a cargo and analytics firm…

Former Mt. Gox CEO Mark Karpeles Rejects Brock Pierce’s Plans to Reboot Exchange

Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has refuted controversial crypto figure Brock Pierce’s claims he can reboot the trading platform and accelerate compensation for Mr. Gox’s creditors. Karpeles made his remarks in private correspondence with Cointelegraph Japan on Feb. 12. As reported, Pierce — a crypto entrepreneur who co-founded Blockchain Capital, Block.one and EOS Alliance — is attempting to galvanize a “GoxRising” movement, purporting that creditor recovery would be speedier if certain legal and technical barriers were to be overcome. The…

Binance CEO Reveals Testnet Release Date for Decentralized Exchange

Cryptocurrency exchange Binance will launch a testnet version of its new decentralized exchange Feb. 20, CEO Changpeng Zhao confirmed on Twitter Feb. 12. Binance DEX, plans for which first emerged last year, aims to provide a decentralized basis for cryptocurrency holders to trade tokens, removing liability and security hurdles associated with traditional, centralized platforms. The testnet release will be public, with Zhao requesting feedback from users in the same tweet today.   The date follows previous announcements with more details about Binance DEX, which will include support for cryptocurrency hardware…

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

Photo: OnInnovation / Flickr The Bitcoin Lightning Torch experiment is catching up more steam with every passing day. So far, the experiment has attracted over 140 participants from over 37 countries. Last week, Twiter CEO Jack Dorsey was the latest to pick it up. Currently, Changpeng Zhao, the CEO of cryptocurrency exchange Binance, holds it. Apparently, I hold the torch now. #LNTrustChain I must say, it feels very cool in my virtual hand. 🙂 Who should I send it to next? https://t.co/gLyA2qmRpW — CZ Binance (@cz_binance) February 11, 2019 The Lightning…

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

Photo: OnInnovation / Flickr The Bitcoin Lightning Torch experiment is catching up more steam with every passing day. So far, the experiment has attracted over 140 participants from over 37 countries. Last week, Twiter CEO Jack Dorsey was the latest to pick it up. Currently, Changpeng Zhao, the CEO of cryptocurrency exchange Binance, holds it. Apparently, I hold the torch now. #LNTrustChain I must say, it feels very cool in my virtual hand. 🙂 Who should I send it to next? https://t.co/gLyA2qmRpW — CZ Binance (@cz_binance) February 11, 2019 The Lightning…