“I’m not buying anything,” says Tron CEO Amid Reports of Poloniex Acquisition

Tron (TRX) founder and CEO Justin Sun has possibly refuted recent reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. In a tweet published on Oct. 19, Sun has claimed that he is “not buying anything,” noting that he is an investor and disclosing some of his crypto assets: “Just invest some and help out my friends. Actually I have a huge bag of $BNB, $HT, $OKB etc and bet on all exchanges that support $TRX & $BTT.” As Cointelegraph reported on Oct.…

Bitcoin Privacy Is the Only ‘Big Question’ for Devs, Says Poolin CEO

Bitcoin (BTC) needs to become more resistant to governments as a priority, the CEO of one of its biggest mining pools has said. Pan: Privacy is Bitcoin’s “real problem” In an interview with cryptocurrency media outlet Bitcoin Magazine quoted by Forbes on Oct. 17, Poolin’s Kevin Pan suggested privacy should form an essential focus for Bitcoin development. “The real problem with Bitcoin may be privacy. There is no other big question if the privacy issue is solved,” he summarized. Pan was commenting as cryptocurrency-related transaction privacy returns to the spotlight…

Binance CEO Confused by BNB Price Decline Despite ‘Very Productive’ Q3

Changpeng Zhao, CEO and founder of major cryptocurrency exchange Binance, said that the reasons why Binance Coin (BNB) dropped over 50% from its all-time high in June do not make much sense.  “Markets often confuse people” Zhao explained that new services such as margin trading, an increased number of fiat onramps, peer-to-peer (P2P) trading, and futures trading have made the last quarter “very productive” with many significant projects coming to fruition.  Thus, the CEO isn’t sure why BNB price has slumped over the past few months, mentioning the drop in…

Ripple CEO Believes XRP is Better for Payments than Bitcoin

Many people have always wondered what Ripple Labs CEO Brad Garlinghouse’s position on Bitcoin has been and what his motivations were for developing XRP. He revealed all this and more in crypto evangelist Anthony Pompliano’s Off the chain podcast. The podcast revealed quite a bit of detail about XRP and also showed the mindset of the cryptocurrency innovator.  In a rare moment of truth where he bared his soul during the podcast, Brad revealed his first encounter with Bitcoin occurred in 2012 at an “under-the-radar” conference organized by Peter Thiel…

Crypto Market Hardly Needs a Bitcoin ETF at This Time, Says BKCM CEO

Founder and CEO of crypto investment firm BKCM Brian Kelly has said that Bitcoin (BTC) exchange-traded funds (ETF) are hardly needed for the ecosystem’s development, given that the coin is already available on regulated platforms such as Fidelity and TD Ameritrade. Kelly made his remarks during an interview with CNBC published on Oct. 11, explaining:  “You have companies like Fidelity and TD Ameritrade starting to push into this space. So ultimately you’re going to be able to buy Bitcoin in a regular brokerage account, or it’s going to look like…

Next Bitcoin Halving May Not Lead to Bull Market, Says Bitmain CEO

Jihan Wu, co-founder and CEO of Chinese mining giant Bitmain, believes the next Bitcoin (BTC) block reward halving may not lead to a bull market, but the coin’s price will grow in the long term. According to Chinese industry news outlet 8BTC’s report published on Oct. 11, Wu made his remarks during the World Digital Mining Summit held in Frankfurt.  Bulls may be late this time Per the report, Wu explained that the crypto market moves in cycles and this time the next bullish phase may not start after the…

Apple’s CEO Tim Cook Doesn’t Want Native Cryptocurrency (For Now)

Apple’s chief executive officer Tim Cook was recently interviewed by Les Echos daily newspaper, on of France’s leading news outlets, where he made several remarks regarding whether the tech behemoth is planning to launch its native cryptocurrency. Most of his thoughts weighed in against Apple creating its own digital currency. Apple’s CEO affirmed that the company is not interested in launching an Apple cryptocurrency. He also added that companies shouldn’t be trying to gain power by establishing competing currencies. When Oliver Harmant, a journalist at Les Echos, asked Tim Cook…

US Response to Facebook’s Libra Is ‘Ridiculous,’ says Coinbase CEO

Brian Armstrong, CEO and co-founder of major crypto exchange Coinbase, tweeted on Oct. 5 that he expects the United States government to react to China’s stablecoin project by reconsidering its “ridiculous” response to Facebook’s Libra digital currency. The U.S. government wants to be left behind In his tweet, Armstrong said he believes that “the way the U.S. government reacted it’s like they almost want to be left behind.” He also voiced overall concerns over the United States possibly becoming obsolete due to innovation obstruction in a subsequent tweet: “The way…

Apple Will Not Create Its Own Digital Currency Like Facebook, Says CEO

Apple has no intention to follow Facebook in creating its own digital currency, the company’s CEO Tim Cook has said. Cook “not comfortable” about firms creating money Speaking in an interview with French media magazine Les Echos on Oct. 4, Tim Cook poured cold water on the idea that Apple could release its own currency tokens. “No,” he said when asked about the possibility, continuing: “I truly think currency should remain in the hands of the state. I’m not comfortable with the idea that a private entity can create a…

CEO of Under Fire Brazilian Firm Owns 25,000 Bitcoin

The CEO of Brazilian cryptocurrency firm Grupo Bitcoin Banco has claimed 25,000 Bitcoins (BTC) — a staggering $209 million as of press time — on a tax filing, while also saying his firm is unable to pay out customer funds as the result of a hack.  The tax document was shared with Cointelegraph by an individual close to Brazil’s tax authority, the Department of Federal Revenue (RFB), who asked to remain anonymous for security reasons. According to the document, the exchange’s CEO, Claudio Oliveira,claimed his crypto holdings in a 2018…