Ripple CEO Brad Garlinghouse Disappointed with India Crypto Ban

According to Garlinghouse, with its crypto ban, India is likely to miss out on a technology that can serve its huge population with much ease and fairness. India, being a heavily populated country, remains a key piece in the ongoing global push for cryptocurrency adoption. However, its policymakers are lagging behind especially in formulating and implementing laws that favor and govern the cryptocurrency industry at large. Recently, a report by media outlet Bloomberg indicated that India plans to introduce a new ban for crypto trading. However, the country is focused…

Ripple CEO criticizes India’s looming crypto ban

Indian government officials are reportedly planning to discuss a new bill whose legal framework would ban cryptocurrencies on the subcontinent.  According to a Sept. 15 report from Bloomberg, the Indian federal cabinet is considering a law banning crypto six months after courts lifted a blanket ban. Anonymous sources claimed that the Indian government would encourage the development of blockchain technology, but not cryptocurrency trading. In response, Ripple CEO Brad Garlinghouse called the decision “disappointing,” stating that cryptocurrency had the potential to help underserved populations in the country: Disappointing to see…

Grayscale CEO Quips About Bitcoin Buying Race With MicroStrategy

Michael Saylor, the Founder of MicroStrategy, said, so far, he has spent a total of $425 million buying Bitcoin. In a recent tweet, Saylor mentioned his firm had just purchased approximately 17k BTC. Including previous the purchase of 21k tokens, the firm now holds around 38k BTC in total. “On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees…

Bitcoin CEO: MicroStrategy’s Michael Saylor Explains His $425M Bet on BTC

MicroStrategy is prepared to HODL its bitcoin for at least a century. Or so said the business intelligence firm’s founder and CEO, Michael Saylor, in an interview with CoinDesk on Tuesday, shortly after he announced on Twitter that MicroStrategy was doubling down on the godfather cryptocurrency with the purchase of $175 million more BTC. “I want something that I could put $425 million into for 100 years,” Saylor told CoinDesk. In the last two months Saylor has transformed his company’s once sleepy cash surplus into a nearly half-billion-dollar bet on…

CEO CZ Wants More DeFi Projects on Binance Smart Chain

To justify his stance on the suitability of the Binance chain for projects, CZ stated that the platform recently attained the milestone of 10% of Ethereum volume in terms of usage. The CEO of Binance Changpeng Zhao wants more smart contract projects to move to the Binance Smart Chain platform. This can be deduced from a tweet made by the man fondly known as CZ within the crypto circle. He made the tweet while discussing with another user, adding that the Binance chain is not really a competitor but could…

Former AngelList CEO Claims The Next Big DeFi Wave is Coming

If you thought the DeFi phenomenon was big, bigger and better is yet to come. Well, that’s according to former AngelList CEO, Naval Ravikant, who said Wall Street money will fuel the next big wave. The next big wave in DeFi starts when Wall Street figures out that crypto has built a better casino. — Naval (@naval) September 13, 2020 In a recent tweet, Ravikant gave a backhanded compliment by saying institutional money will fuel the next big wave. In the same tweet, he also likened the space to a…

Apple forces Coinbase to change its crypto products, says CEO

Brian Armstrong, the CEO of United States cryptocurrency exchange Coinbase, alleges that Apple is stifling innovation in crypto and sidelining DeFi to protect itself from competition. In a Twitter thread published on Sept. 11, Armstrong doubled down on his earlier claims that Apple continues to block some functionalities for cryptocurrency developers.  The CEO alleged that other cryptocurrency firms are “reluctant to speak out on these topics for fear of retaliation,” but that he feels the need to speak out as Coinbase has exhausted regular channels for dialog with Apple and…

Binance CEO wants more Ethereum-based DeFi projects to join his platform

Binance CEO Changpeng Zhao welcomed more Ethereum-based DeFi projects to join the Binance Smart Chain (BSC) platform.  In a tweet discussion with another user, Zhao explained that this step would reduce the load on the Ethereum network, which will, in turn, lead to a reduction in Ethereum’s gas fees.  Zhao later stressed that Binance Smart Chain is not a replacement or competitor to the Ethereum network and that it is compatible with it. Zhao added that Binance Smart Chain provides the smart contract creators with more options: “BSC never aimed…

Many blockchain projects have ‘smoke-and-mirror’ strategies: Avalanche CEO

Emin Gün Sirer, founder and CEO of the blockchain protocol, Avalanche, took to Twitter to explain why he considers that many blockchain projects keep applying dubious strategies in the industry. Sirer considers that some projects are based on “lots of hype, lots of technical-sounding claims,” partnership with companies “too embarrassed to say they were duped,” and also with no actual working novel system. Overall, he says that all is just “smoke and mirrors around old tech” inside most blockchain projects’ operations. Sirer issued such opinions in the wake of a…

Digital Assets Data CEO says mainstream finance still doesn’t trust Bitcoin

Following the news of Fidelity Investments’ Bitcoin (BTC) fund filing, Mike Alfred, CEO of analytics outfit Digital Assets Data, described continued hesitancy in mainstream finance when it comes to Bitcoin.  “Many in the traditional financial services/asset management/wealth management verticals remain deeply skeptical of Bitcoin and the ecosystem,” Alfred told Cointelegraph on Sept. 10. “One commenter on my LinkedIn yesterday even called Fidelity’s move ‘Abby’s folly,’” he said, which takes a shot at Fidelity CEO Abigail Johnson in reference to her activities and position as an early Bitcoin adopter.  A mainstream…