Circle Co-Founder Sean Neville Quits as CEO After Reshuffle: Report

Payments company Circle will install a new CEO at the start of 2020 after one of its original co-founders steps down from the position.  According to cryptocurrency media outlet CoinDesk on Dec. 5, co-founder and co-CEO Sean Neville will transition to a post on the company’s board of directors in January. Sean Neville becomes board member Neville launched Circle with Jeremy Allaire in 2013, and has presided over its metamorphosis in the ensuing years, including a pivot away from Bitcoin (BTC) and the acquisition of cryptocurrency exchange Poloniex last year. …

Bakkt CEO Kelly Loeffler Appointed to US Senate Seat

Georgia Governor Brian Kemp has appointed Kelly Loeffler, CEO of institutional Bitcoin (BTC) futures platform Bakkt, to a United States Senate seat. With the appointment, Loeffler will replace Sen. Johnny Isakson (R-GA), who plans to retire at the end of the year, the Washington Post reported on Dec. 4. A person familiar with the matter, shared Loeffler’s remarks with the publication, in which she ostensibly said: “I haven’t spent my life trying to get to Washington. But here’s what folks are gonna find out about me: I’m a lifelong conservative.…

PayPal CEO Dan Schulman Rolls Over to the Pro-Crypto Side

Widespread jubilation hit the global crypto community as yet another tech boss swims over to the pro-Bitcoin side. This time it’s PayPal CEO, Dan Schulman. Quoting his very words, Schulman stated, “Yes. Bitcoin” when asked if he holds any digital currency. These two magical words are more than a simple answer. Coming from Schulman, this answer is more like an endorsement and a reassurance that Bitcoin(BTC)trade still holds the spot of the world’s most celebrated virtual coin and the one believed to hold more potential. Well, this isn’t the first…

Trump Isn’t Sold on Bakkt CEO Kelly Loeffler Becoming US Senator

Georgia Governor Brian Kemp is expected to appoint Kelly Loeffler, CEO of institutional Bitcoin (BTC) futures platform Bakkt, for a United States Senate seat next week. Atlanta’s local news outlet AJC reported on Nov. 29 that Kemp plans to choose Loeffler in a bid to expand the appeal of the Republican party to women. If nominated, Bakkt’s CEO will become just the second woman to serve in the United States Senate from Georgia. Furthermore, Loeffler could also finance GOP activities with her personal fortune, which the outlet suggests could break…

Crypto Exchange IDAX Locks up Cold Wallet as CEO ‘Goes Missing’

Chinese cryptocurrency exchange IDAX has suspended deposits and withdrawals after its CEO allegedly disappeared. In a blog post on Nov. 29, IDAX, which earlier this week warned it was seeing a run on withdrawals, said the whereabouts of Lei Guorong were currently unknown.  IDAX: cold wallet access “restricted” “Since we have announced the announcement on November 24, IDAX Global CEO have gone missing with unknown cause and IDAX Global staffs were out of touch with IDAX Global CEO,” it reads. The blog post continues that as a precaution, the company’s…

Klaytn Blockchain Ahead of Facebook’s Libra Network, Says Kakao CEO

Yeo Min-soo, the CEO of South Korean internet giant Kakao, said that his firm’s Klaytn blockchain is similar to Facebook’s Libra except it is way ahead in its development. According to the Korea Herald on Nov. 28, Min-soo lauded Klatyn’s development during the first Klaytn Governance Council Summit held in Seoul: “Facebook’s Libra launched last month with aims to recruit 100 partners. Libra is taking a similar approach to ours, but it has yet to experience the milestones we have crossed. […] Next year, Klaytn will become Asia’s biggest blockchain…

Africa ‘Will Define’ the Future of Bitcoin — Twitter CEO Jack Dorsey

Bitcoin (BTC) will see its future “defined” by Africa, one of its best-known proponents has predicted after completing a tour of the continent.  In a tweet on Nov. 27, Twitter and Square CEO Jack Dorsey said that he would return to Africa in 2020 after spending time traveling in Nigeria and Ghana this month.  Dorsey highlights Africa’s Bitcoin potential “Africa will define the future (especially the bitcoin one!),” he commented, revealing he planned to spend up to six months on the continent next year. During his stint in Nigeria, Dorsey…