Tag: CEO

Core Scientific appoints Adam Sullivan as CEO amid restructuring process

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Publicly traded Bitcoin (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who previously served as the company’s president, took the role on Aug. 4, while co-founder and former CEO Mike Levitt remains chairman of the board. Sullivan has over a decade of financial services experience, particularly in digital assets and infrastructure, with a background that includes strategy, corporate finance, and mergers and acquisitions. Before joining Core Scientific, he held roles at XMS Capital Partners, overseeing transactions totaling over $5 billion, including Core Scientific’s merger with Power &…

Matter Labs CEO vehemently denies copy-pasting code from Polygon Zero

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Alex Gluchowski, the co-founder and CEO of zkSync creator Matter Labs, has denied copy-pasting code from Polygon Zero, after the zero-knowledge scaling firm accused them of copying the code from their system without proper attribution.  On Aug. 3, Polygon Zero published a long blog post saying they believe Matter Labs copied what they described as “performance-critical components” of their zero-knowledge system called “Plonky2.” The code was seen on Matter Labs’ recently-released proving system dubbed “Boojum,” without attributing the code’s original authors, according to Polygon Zero. The zk-scaling company said that…

Binance CEO Shares Details Of $20 Million Scam Attempt

Binance CEO, Changpeng ‘CZ’ Zhao has recently provided details on a failed $20 million scam attempt in a bid to keep the crypto community on alert for future occurrences. Crypto Scammers Are “So Good Now,” Binance CEO Says In a tweet on August 2, Changpeng Zhao described a recent scam attempt as “clever,” stating that it was “luckily” prevented as the bad actors in the crypto space seem to have gotten better.  Related Reading: Curve DAO (CRV) Price Recovery Post-Exploit: What Would Be A Realistic Scenario? Specifically, the Binance CEO drew…

FTX CEO Says Embattled Exchange Ready for Bankruptcy Plan That Will Extinguish FTT Token Claims

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The bankrupt crypto exchange FTX has submitted a draft reorganization plan to the courts to pay back creditors. The draft plan, filed with a US bankruptcy court on Monday, calls for scrapping claims based on holdings of the disgraced company’s native token, FTT. The draft says the FTT-based claims against the exchange should be dropped due to the “equity-like characteristics” of its native token. It also calls for canceling any other equity interests. FTX plans to pay back other debtors and customers in cash. The company’s CEO, John J. Ray…

Coinbase CEO hints at Bitcoin lightning network integration

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase is considering integrating Bitcoin’s Lightning Network to facilitate quicker crypto payments. The exchange’s CEO, Brian Armstrong, hinted at it in response to a tweet by Jack Dorsey. The Twitter co-founder, in his turn, questioned Coinbase’s approach toward Bitcoin (BTC) and Lightning Network adoption. We’re looking into how to best add Lightning. It’s non-trivial, but I think worth doing. I’m all for payments taking off in Bitcoin. Not sure why you think we’re ignoring Bitcoin – we’ve…

Ripple CEO slams SEC over use of XRP report in lawsuit

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Ripple CEO Brad Garlinhouse on August 2, expressed his disapproval of the United States Securities and Exchange Commission (SEC) for utilizing Ripple’s quarterly XRP Markets Report, designed to enhance transparency in the cryptocurrency industry, as evidence against the company in the ongoing lawsuit.  Garlinghouse stated that the company initiated the reports with the intention of voluntarily offering updates on their XRP holdings. However, the CEO said, these reports were later “used against” the company in the SEC lawsuit. Garlinghouse reiterated the company’s commitment to transparency but hinted that future reports…

BlackRock CEO Larry Fink Is The Best Thing To Happen To Bitcoin, Mike Novogratz Says

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BlackRock officially announced its entrance into Bitcoin earlier this year by filing for a Spot Bitcoin ETF with the United States Securities and Exchange Commission (SEC). Although the regulator is yet to accept the filing, CEO Larry Fink has also made some supportive comments, comparing BTC to digital gold.  In light of these events, Galaxy Digital CEO Mike Novogratz has come forward to share his opinions on BlackRock CEO Larry Fink and how he affects the digital asset. BlackRock CEO’s Pivoting Sentiment Toward Bitcoin Galaxy Digital CEO Mike Novogratz has…

Lightspark CEO Outlines The Challenges Of Building On The Bitcoin Lightning Network

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The CEO of Lightspark, David Marcus, has come forward to share his experiences on building atop the Bitcoin Lightning Network. Marcus noted the challenges the Lightning Network held for builders, stating that it was incredibly difficult and complex to develop software around the protocol. The Bitcoin Lightning Network And The Challenges It Holds for Builders According to the Lightspark CEO, a firm involved in developing payment solutions on the Lightning Network, a layer-2 scaling platform for Bitcoin, the firm decided to build on the network because of the “unique qualities”…

‘Let’s just diversify and see’ — Binance CEO on its stablecoin strategy

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Binance CEO Changpeng ‘CZ’ Zhao is looking to bring smaller algorithmic stablecoins to the market, in a bid to offer investors options other than the current global stablecoin giants. Speaking in a July 31, ask me anything (AMA) session on Twitter, CZ cited risks associated with large stablecoins such as Tether (USDT) and Binance USD (BUSD), saying that while Tether is by far the largest stablecoin by market cap, he remains cautious of the asset due to its lack of transparency: “I personally have not seen any audit reports of…