Grayscale CEO outlines 6 themes that will shape crypto market in 2021

Michael Sonnenshein, the newly appointed CEO of Grayscale Investments, believes 2021 will mark another pivotal year for digital-asset investing as institutional capital and nation-state adoption drive the next leg of the bull market. In a keynote address at this year’s virtual CFC St. Moritz Conference, Sonnenshein identified three key investment themes that underpinned Bitcoin’s (BTC) dramatic breakout in 2020. They were: macroeconomic uncertainty and quantitative easing; legendary investors and brand-name companies investing in BTC; and the continued strengthening of regulatory frameworks around digital assets. Sonnenshein believes 2021 will see a…

The Brilliant Minds Behind the BTC Ultimatum Project, and Their New CEO, Eric Ma

BTC Ultimatum (BTCU) has been created for the development of innovative blockchain solutions – Prof-it Blockchain Ltd. BTCU is led by globally recognised experts in blockchain and crypto, featuring founder Nikolai Udianskyi, top ten crypto industry leaders at the World level; and CEO Eric Ma, a former core member of CoinMarketCap Key members of the executive team include COO Bohdan Prilepa, Dinis Guarda, a leading blockchain and digital assets personality joins as Team Advisor Strategy and Development; Juliet Su founder of Digital Week Online joins as Business Development Officer; CTO…

Bithumb CEO Predicts Only Four to Seven South Korean Crypto Exchanges Will Survive New Rules – Regulation Bitcoin News

The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven exchanges surviving the new regulation. Smaller Companies Unlikely to Meet New Banking, Anti-Money Laundering Protocols on Time During an interview with Hanguk Hyungjae, Heo Baek-young made an apocalyptic forecast for the local crypto firms. He believes that smaller companies could “struggle” to meet the Information Security Management System (ISMS) certification requirements. In South Korea, there…

Bitcoin can scale on chain just fine as a store of value, Blockdaemon CEO suggests

Can Bitcoin’s (BTC) blockchain handle full mainstream adoption as a store of value, without needing layer-two scaling solutions? Konstantin Richter, founder and CEO of blockchain infrastructure company Blockdaemon, seems to think so. “Bitcoin is the best cryptocurrency suited for store of value,” Richter told Cointelegraph, adding: “In terms of what the Bitcoin blockchain can currently handle from a latency and throughput point of view, Bitcoin is very strong. If we start talking about using Bitcoin for payments, that’s where the need for layer-2 scaling comes into play, but for people who…

CEO Sentenced to 18-Month Jail Term for Accepting Bitcoin Bribes to List a Cryptocurrency

A South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison. The court also fined him over $61,000, who also was charged for fraud in 2020. Prosecutors Accused Coinnest Executives of Receiving 110 BTC in Bribes According to Fn News, the Supreme Court of Korea determined that Kim Ik-hwan should spend time in jail, as the authorities previously indicted him in 2018 for accepting bitcoin (BTC) bribes. The investigation unveiled that he and other executives received almost $771,270 worth of BTC…

Pantera Capital CEO doubles down on $115K Bitcoin prediction for 2021

Dan Morehead, founder and CEO of Bitcoin (BTC) investment firm Pantera Capital, has maintained his bullish Bitcoin prediction for 2021. Bitcoin is poised to hit as much as $115,000 by August 2021, surging 200% in the next eight months, Morehead reportedly said at a conference call on Jan. 12.  The exec initially made this prediction in August 2020, when Bitcoin was trading at about $11,600. At publishing time, the cryptocurrency is trading at over $38,000. On Tuesday, Morehead said that Bitcoin still has lots of room for growth: “Is bitcoin overvalued?…

INTC Stock Surges 7% on News of Ouster of Intel CEO Bob Swan

Bob Swan will be stepping down two years after his promotion to the CEO position. The latest decision of ouster comes as Intel has been lagging behind in rolling out its next-generation chips and losing ground to its competitors. On Wednesday, January 13, the stock of Intel Corporation (NASDAQ: INTC) surged nearly 7% closing at $56.95. The stock price surged on the news that the Intel CEO Bob Swan will be stepping down next month on February 15. Current VMware CEO Pat Gelsinger and a 30-year veteran at Intel shall…

‘Thankfully’ my son owns Bitcoin, says $140B asset management CEO

Bitcoin (BTC) at $34,000 may have gained a new convert after billionaire investor Howard Marks admitted that he needed to change his “skeptical view.” In his latest investor memo dated Jan. 11, Marks, who is co-chairman and co-founder of the $140 billion Oaktree Capital Group, noted that while he was critical of Bitcoin during its 2017 bull run, his son had “thankfully” bought in.  Marks on crypto: Do you own research “Back in 2017, my memo ‘There They Go Again… Again’ included a section on cryptocurrencies in which I stated…

Bakkt CEO Confirms Firm Has No Plans to Support XRP

The move from Bakkt further complements the decision of Coinbase and other exchanges including Binance US, OKCoin which had removed XRP coin from their platforms. Bakkt, the digital asset marketplace backed by Intercontinental Exchange Inc, has revealed that it has no plans to support XRP coin, the digital asset closely associated with blockchain-based payment firm Ripple Labs Inc. Per a report from Cointelegraph, the no-plan prospects for XRP coin by Bakkt was revealed by the company’s Chief Executive Officer Gavin Michael who had a sit out with the Axios Re:Cap…