Tag: CEO

Strategy CEO Outlines Criteria for Bitcoin Sales

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Phong Le, the CEO of Bitcoin treasury company Strategy, outlined conditions during an interview on Friday, under which the company would sell some of its Bitcoin holdings.  The company will sell Bitcoin to pay the dividend on its Series A Perpetual Stretch Preferred Stock (STRC), a corporate credit instrument that pays an 11.5% dividend to holders, and to defer or offset taxes, Le told CNBC. He added: “I believe in math over ideology, and at the point where selling Bitcoin versus selling equity to pay a dividend is better for…

Ripple CEO Says Market Structure Bill Not a ‘Done Deal,’ Despite Stablecoin Compromise

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Brad Garlinghouse, CEO of Ripple Labs, warned Tuesday that recent progress on the digital asset market structure bill in the US Senate did not guarantee success for the legislation, speculating that the next two weeks would be crucial. Speaking at the Consensus crypto conference in Miami, Garlinghouse said that the likelihood of the market structure bill, the CLARITY Act, passing would “drop precipitously” if not addressed in the next two weeks. According to the Ripple CEO, the bill would be “too much of a loaded issue” amid campaigns for the…

CEO Behind $4.7 Billion Crash Banned From Crypto, But How Will This Work?

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Celsius founder Alexander Mashinsky, who was responsible for the $4.7 billion 2022 crypto crash, has been banned from crypto. This forms part of a $10 million settlement with the Federal Trade Commission (FTC) while the crypto founder continues to serve a 12-year sentence.  Celsius Founder Banned From Crypto As Part of $10 Million FTC Settlement  A court order filed by the FTC shows that the Celsius founder is permanently banned from crypto. The order stipulates that Mashinsky is not allowed to advertise, market, promote, offer, distribute, or assist in doing…

South Korea Seeks 20-Year Sentence for Delio CEO Over $169M Crypto Fraud

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South Korean prosecutors have requested a 20-year prison sentence for the CEO of crypto deposit service Delio, calling the scale of alleged fraud against thousands of investors “massive.” During closing arguments at the Seoul Southern District Court on Thursday, prosecutors asked the court to sentence Jeong Sang-ho under the Act on Aggravated Punishment of Specific Economic Crimes, citing what they described as deliberate deception and false promotion that left nearly 2,800 victims without access to their funds, according to the Korean news agency Yonhap. “The defendant’s active deceptive acts and…

Lightspark CEO Launches Grid Global Accounts at Bitcoin 2026 Las Vegas

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Key Takeaways: Lightspark CEO David Marcus launched Grid Global Accounts at Bitcoin 2025 Las Vegas, connecting users to 175 million Visa merchants. Grid reaches 65 countries in real time, with Marcus targeting 75 countries and 100 Visa markets before year-end 2026. Lightspark’s agent delegation feature lets AI spend, send, and schedule payments on users’ behalf inside apps like Bread. Lightspark Joins Visa Network Marcus opened his talk with a pointed comparison. “Every day, 400 billion emails are sent, and we have Gmail for that,” he said. “Ten billion payments are…

South Africa Crypto Draft Triggers 1M Rand Fine Warning From Valr CEO – Bitcoin News

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Key Takeaways: National Treasury draft replaces 1961 rules with 2026 digital asset controls despite Sidley’s objections. VALR CEO Ehsani warns of a 1 million rand fine as 1961-era logic threatens to drive crypto investment away. A foundation may be formed in 2026 to challenge the Treasury’s lack of clarity on crypto surrender thresholds. An Outdated Framework A controversial proposal by the South African National Treasury to overhaul capital flow regulations has sparked a sharp backlash from financial industry leaders, who warn the move could criminalize routine digital asset ownership and…

Polish Crypto Exchange Zondacrypto CEO Flees to Israel as $97M Fraud Probe Deepens

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Key Takeaways: Polish prosecutors launched a fraud investigation into Zondacrypto, identifying losses of at least 350 million PLN ($97M) affecting up to 30,000 users. CEO Przemysław Kral is reportedly in Israel, where his citizenship may prevent extradition as Israel does not extradite its own citizens. Kral’s last public communication confirmed 4,500 BTC in an inaccessible cold wallet before he went silent. A $97M Black Hole and a CEO Out of Reach Zondacrypto was among Poland’s largest cryptocurrency exchanges before a sequence of disclosures revealed deep reserve and governance problems at…

Poland Probes Zondacrypto As CEO Reportedly Flees to Israel

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Zondacrypto’s crisis deepened on Friday after Polish outlet Onet reported that CEO Przemysław Kral had gone to Israel as prosecutors investigate the exchange over alleged fraud and investor losses. According to the report, Kral has been in Israel for about a week and holds Israeli citizenship, a factor that could complicate any potential extradition to Poland. Polish authorities opened an investigation into Zondacrypto last Friday over alleged fraud and investor losses. Cointelegraph also confirmed that Kral’s email address, previously used to communicate with him, has become unavailable. The developments come…

Ex-FTX CEO Withdraws Motion for a New Trial, Still Asks for New Judge

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Former FTX CEO Sam Bankman-Fried, serving a 25-year sentence for his role in misusing user funds at the crypto exchange, has dropped a motion in federal court requesting a new trial for his criminal case, but still has a pending appeal of his conviction and sentence. In a Wednesday filing in the US District Court for the Southern District of New York, Bankman-Fried responded to a March 23 letter from Judge Lewis Kaplan ordering the former FTX CEO to answer whether he received any assistance from lawyers for a pro…

XRP Expansion Into Solana Sparks Fresh Demand: Ripple CEO

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XRP holders can now trade, earn yield, and tap liquidity on Solana — without ever selling their tokens. Related Reading A Bridge Between Two Networks That capability became real this week when wrapped XRP, known as wXRP, went live on the Solana blockchain. The rollout connects XRP to one of the busiest decentralized finance platforms in crypto, giving holders access to apps like Jupiter, Titan, Phantom, Meteora, and Byreal. Custody firm Hex Trust and cross-chain protocol LayerZero made the integration possible. wXRP is backed one-to-one by XRP held in custody.…