‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says

The next crypto bull market will start sooner than most people think, according to Mark Yusko, the founder and CEO of Morgan Creek Capital Management. Yusko thinks the next crypto bull run or, as he calls it, “the crypto summer,” could kick off as soon as the second quarter of this year due to the combination of more dovish central bank policies and the anticipation of the Bitcoin (BTC) halving.  While the United States Federal Reserve is unlikely to cut interest rates anytime soon, according to Yusko, the markets tend…

BNY Mellon Names Caroline Butler CEO of Digital Assets

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Bitzlato CEO arrested by Spanish police: Report

According to a Feb. 2 report by Turkish news agency Anadolu, Spanish authorities have arrested the CEO, sales executive and marketing director of Hong Kong cryptocurrency exchange Bitzlato. In total, six Russian and Ukrainian nationals related to the exchange were arrested in a joint effort between France, Portugal, Cyprus and United States law enforcement.  As told by Spanish police, the exchange’s anonymity allowed it to become the platform of choice for criminal organizations seeking to launder money via cryptocurrency. Authorities seized $19.8 million (18 million euros) in digital assets, luxury cars,…

Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback

Meta founder and CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the Metaverse, despite operating losses for its Reality Labs business peaking in 2022. Meta’s Q4 earnings released on Feb. 1 show Reality Labs lost $13.7 billion in 2022 — the largest ever yearly losses recorded for its metaverse-building division. The fourth quarter was particularly costly, with the division losing nearly $4.3 billion, which was also the largest quarterly loss within the department since financials for the business were first published. On a Feb. 1 earnings…

JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review – The Weekly Bitcoin News

JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a “natural evolution of today’s monetary and payment systems.” This and more on inflation and the U.S. Federal Reserve’s next moves, just below. JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.”…

Bitcoin.com CEO Roger Ver Claims to Have Ample Funds to Pay Alleged Genesis Debt

The Bitcoin.com CEO says he has sufficient funds to repay $21 million to Genesis but questions the lawsuit against him. Bitcoin.com CEO Roger Ver recently announced that he has enough to pay roughly $21 million to the embattled crypto firm Genesis. Ver, commonly known as “Bitcoin Jesus,” took to social media to make this revelation after Genesis’ affiliate said he defaulted on a sizable transaction. According to GGC International Limited, Ver failed to settle approximately $21 million in crypto option transactions. On Tuesday, GGC International Limited issued a court summons to the Bitcoin.com CEO, to…

Metaverse-Focused Blockchain Lamina1 Promotes President to CEO

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO

The chief executive of credit card giant Visa remains confident that blockchain-powered solutions can be integrated into its services and offerings to power the next generation of payments. Speaking on a call at Visa’s annual stockholder meeting on Jan. 24, outgoing CEO Al Kelly — who will officially step down on Feb. 1 — briefly shared the firm’s plans for Central Bank Digital Currencies (CBDCs) and private stablecoins. According to a Jan. 24 report from San Francisco Business Times, Kelly said: “It’s very early days, but we continue to believe…