Blockchain Australia Seeks to Build Industry Confidence With New CEO

The new head of Blockchain Australia, Steve Vallas, has announced that he will focus on building up confidence in blockchain and improving the image of blockchain technology among businesses and governments. Vallas replaces Nick Giurietto who led the association over the last five years. He has worked as an industry coach and mentor for multiple universities and accelerator programs and is the founder of Australian marketing firm Honey Digital. Vallas has also advised governments on the blockchain sector. A new vision Speaking to Cointelegraph, Vallas said he will focus on…

Bittrex CEO Joins StormX Board After Undisclosed Investment

Bill Shihara, founder and CEO of Bittrex crypto exchange, is joining the Board of Directors for Seattle-based blockchain startup StormX. According to an announcement from StormX, the addition of Shihara to the board comes after the CEO invested “an undisclosed sum” in the company’s latest equity round. However, Shihara was already an angel investor for the startup — originally founded in 2015 as Bitmaker — and reportedly acted as one of its ICO advisors. StormX CEO Simon Yu cited Shihara’s experience with Bittrex as one reason to be optimistic. Yu…

Amazon CEO Bezos Now Has More Money Than Bitcoin’s Market Cap

Jeff Bezos, CEO of online shopping giant Amazon, recently tapped record wealth levels, holding more personal wealth than all the speculative capital currently invested in crypto’s largest asset — Bitcoin (BTC).  “Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,” Bloomberg said in a July 1 article. “That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.” Bezos’ deep pockets compared to Bitcoin At press time, Bitcoin holds a market cap of…

CEO: Crypto Staking on Matic Network Goes Live, Yield Reaches 150%

Mainnet crypto staking on the Matic network went live on June 29, 2020. Delegators need a minimum of one Matic token to participate, and with a current price of just under two cents, the barrier to entry is low. Matic’s co-founder and CEO, Sandeep Nailwal took to Twitter to give an update on how the rollout is progressing. He Said that 7% of the circulating MATIC supply has already been staked during this period. What’s more, Nailwal also mentioned that crypto staking rewards are currently coming out at an impressive…

Celo Will Be ‘PayPal on Speed’ With Its Own Currencies, Says Blockdaemon CEO

Since launching its Alliance for Prosperity earlier this year, open payment platform Celo has quickly emerged as an apparent rival to Facebook’s Libra stablecoin project. Cointelegraph spoke to Konstantin Richter, the CEO and founder of Celo alliance member Blockdaemon, to learn about the experience of working on Celo from its beginnings and get his take on what the Celo ecosystem will look like in the near future. Blockdaemon launched in 2017, comprising a blockchain infrastructure and node provider targeting developers and enterprises. While Richter noted that the 2018 bear trend…

Celo Will Be ‘PayPal on Speed’ With Its Own Currencies, Says Blockdaemon CEO

Since launching its Alliance for Prosperity earlier this year, open payment platform Celo has quickly emerged as an apparent rival to Facebook’s Libra stablecoin project. Cryptox spoke to Konstantin Richter, the CEO and founder of Celo alliance member Blockdaemon, to learn about the experience of working on Celo from its beginnings and get his take on what the Celo ecosystem will look like in the near future. Blockdaemon launched in 2017, comprising a blockchain infrastructure and node provider targeting developers and enterprises. While Richter noted that the 2018 bear trend…

Regulatory Clarity Will Spark Widespread Tokenization, Says Digivault CEO

With tokenization offering significant efficiency savings and global liquidity pools to existing regulated asset classes, security tokens appear poised for rapid adoption within the mainstream business community. To discuss the shifting regulatory climate surrounding security tokens, Cointelegraph spoke to Roberts Cooper, the chief executive of security token custodian, Digivault. Regulators increasingly accept security tokens Cooper asserted that regulators comprise the first “domino” that needs to fall to spark widespread tokenization, adding that “the first domino is beginning to wobble.” The Digivault CEO emphasized the clarification of regulatory guidelines for security…

Capitulation by Unknown Miner ‘Caused the Dip,’ Says CryptoQuant CEO

According to Ki Young Ju, CEO of CryptoQuant, capitulation by an unknown mining pool was responsible for the latest market dip. The miner who has produced 51 blocks over the past four days may be capitulating, reports Ki Young Ju. The 51 blocks produced by the mining pool came with a reward of 637.5 BTC, 9% of the total over that time period. Unknown Miner: Number & Percent of Blocks Mined. Source: blockchain.com. This miner sells only when price is high Meanwhile, since May 20th (but not including today) the…

Capitulation by Unknown Miner ‘Caused the Dip,’ Says CryptoQuant CEO

According to Ki Young Ju, CEO of CryptoQuant, capitulation by an unknown mining pool was responsible for the latest market dip. The miner who has produced 51 blocks over the past four days may be capitulating, reports Ki Young Ju. The 51 blocks produced by the mining pool came with a reward of 637.5 BTC, 9% of the total over that time period. Unknown Miner: Number & Percent of Blocks Mined. Source: blockchain.com. This miner sells only when price is high Meanwhile, since May 20th (but not including today) the…

Ethereum Second-Layer Scalability Still Needs Work, Says Starkware CEO

Uri Kolodny, co-founder and CEO of blockchain firm StarkWare, told Cointelegraph that Ethereum second-layer scalability solutions still need some work. Ethereum co-founder Vitalik Buterin claimed on June 1 that the blockchain’s layer-two scaling initial deployment has “basically” succeeded. Kolodny — on the other hand — told Cointelegraph that he is not as convinced: “I wouldn’t pop the champagne bottles just yet, as many of these proposed solutions have at this point been deployed only on Twitter, not on Ethereum Mainnet.” Kolodny admitted that there are many promising developments when it…