Binance CEO Gets Dragged by Bitcoin Fans for ‘Dumbest Crypto Tweet’

Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the “Dumbest Crypto Tweet Award” for shilling Binance Coin.| Source: Reuters By CCN Markets: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company’s native token. Many of Zhao’s followers expressed skepticism when he recounted an “interesting interaction” he had with a 14-year-old boy. CZ claimed the boy refused to discuss numbers in U.S. dollars and instead “insisted…

Binance CEO Gets Dragged by Bitcoin Fans for ‘Dumbest Crypto Tweet’

Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the “Dumbest Crypto Tweet Award” for shilling Binance Coin.| Source: Reuters By CCN Markets: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company’s native token. Many of Zhao’s followers expressed skepticism when he recounted an “interesting interaction” he had with a 14-year-old boy. CZ claimed the boy refused to discuss numbers in U.S. dollars and instead “insisted…

Binance to Resume US Operations Within Two Months, Predicts CEO CZ

Changpeng Zhao, CEO of major cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within the next two months. Navigating U.S. regulation Zhao, also known as CZ within the crypto community, made his prediction in an interview with online news outlet Cheddar published Aug. 15. When asked about Binance’s return to operations in the U.S., Zhao said:  “I don’t want to promise any fixed dates, but there’s a lot of work being done and there’s a lot of things going on in flux, but…

Swiss SIX Digital Exchange CEO Departs Due to ‘Strategic Differences’

The CEO of Switzerland’s SIX Digital Exchange (SDX), the cryptocurrency-focused arm of the the country’s principal SIX Swiss Exchange, is departing the company, local news outlet SwissInfo reported on Aug. 14.  CEO departs before SDX launch Martin Halblaub will step down after eight months into his job when his contract expires at the end of August following disagreements on how the trading platform should be run.  Halblaub reportedly wanted SDX to launch as an independent company, while the board of the parent company — SIX Group — disagreed. He commented…

IOHK CEO Charles Hoskinson Announces Upcoming Release of Cardano v1.6

Charles Hoskinson, a former CEO of the Ethereum Network and current CEO of IOHK, has announced that IOHK-supported project Cardano is rolling out version 1.6 within a few days’ time. Hoskinson teased the upcoming launch in a Twitter post on Aug. 13. Hoskinson also asked users to send screenshots and comments on the latest version of Daedalus, which is an open source cryptocurrency wallet also backed by IOHK. As per IOHK’s website, Cardano is a blockchain platform that uses the proof of stake algorithm Ouroboros. Its native cryptocurrency, ADA, is…

Investors Do Not Consider Bitcoin as Safe-Haven: Luno CEO

Investors are buying bitcoin because they expect extensive returns not because they see it as a safe-haven asset, according to Marcus Swanepoel of London-based cryptocurrency firm Luno. The chief executive officer told Reuters that investors tend to move a small portion of their portfolio to bitcoin in times of market fluctuations. But their intention to move capital into the cryptocurrency market comes from the place of profit-making, not hedging. Investors merely bet on a profitable outcome should it gains global attention as a safe-haven asset, and their speculation could go…

‘It’s Fantastic Tech’ — Hedge Funds Will Go Bitcoin, Says Consultancy CEO

Bitcoin (BTC) lets investors hedge against inflation and will endure as part of portfolios, the CEO of consultancy firm Agecroft Partners has told mainstream media.  “It’s fantastic technology” Speaking to CNBC in an interview Aug. 6, Don Steinbrugge praised the cryptocurrency’s technology while discussing nontraditional investments. “It’s been an amazing run, it’s fantastic technology; some people are using it as a way to hedge against inflation,” he told the network. Steinbrugge was speaking within the context of the latest escalation in the trade war between the United States and China,…

Bitcoin Surge Proves It’s a Haven from Stock Market Turmoil: Circle CEO

The bitcoin price is surging because investors are embracing it as a “safe haven” amid the US-China trade war, says Circle CEO Jeremy Allaire. | Source: REUTERS/Kai Pfaffenbach (i), Shutterstock (ii). Image Edited by CCN. The bitcoin price is surging because investors are increasingly flocking to it as a “safe haven” amid the escalating US-China trade war. That’s what Circle CEO Jeremy Allaire told CNBC, when he praised bitcoin as a reliable store of value during stock market turmoil. “Humanity has now created a non sovereign, highly secure mechanism to…

Bitcoin Surge Proves It’s a Haven from Stock Market Turmoil: Circle CEO

The bitcoin price is surging because investors are embracing it as a “safe haven” amid the US-China trade war, says Circle CEO Jeremy Allaire. | Source: REUTERS/Kai Pfaffenbach (i), Shutterstock (ii). Image Edited by CCN. The bitcoin price is surging because investors are increasingly flocking to it as a “safe haven” amid the escalating US-China trade war. That’s what Circle CEO Jeremy Allaire told CNBC, when he praised bitcoin as a reliable store of value during stock market turmoil. “Humanity has now created a non sovereign, highly secure mechanism to…

Bitcoin.com Appoints New CEO as Roger Ver Leaves Position

Bitcoin.com has appointed Stefan Rust as the company’s new chief executive officer as Roger Ver leaves the post, according to an announcement published on Aug. 2. Rust will continue working on the development of the company’s new products and services that promote peer-to-peer electronic cash. Commenting on the appointment, Rust said: “I’m hugely excited to take on the role of CEO working alongside Roger. Together we can now turbocharge the awesome team and great brand that is Bitcoin.com. […] We will play an integral part in making money work for…