Tag: CEO

Coinbase (COIN) Drops 10%, CEO Discloses Absurd SEC Request

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After a shocking revelation by CEO Brian Armstrong, Coinbase, the Nasdaq-listed crypto exchange, saw its share price plummet by more than 10%. The reason: a controversial request from the US Securities and Exchange Commission (SEC) prior to the lawsuit against Coinbase. The SEC’s demand? That Coinbase halts trading in all cryptocurrencies other than Bitcoin. Brian Armstrong, Coinbase’s CEO, revealed the SEC’s absurd request in an exclusive interview with the Financial Times. “They came back to us, and they said . . . we believe every asset other than Bitcoin is a security,” Armstrong…

SEC asked Coinbase to cease all crypto trading except Bitcoin, CEO says

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Securities and Exchange Commission (SEC) asked Coinbase to halt all crypto trading operations except for Bitcoin (BTC). Financial Times (FT) report cites the San Francisco-based crypto exchange Coinbase’s CEO Brian Armstrong. He claims that SEC’s request came prior to the regulator’s lawsuit against the exchange. On July 6, SEC sued Coinbase for allegedly operating in the US without having the necessary registrations.  Moreover, Armstrong believes that the agency’s demand to halt all digital asset…

Coinbase CEO says SEC told it to delist everything but Bitcoin: Report

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Crypto exchange Coinbase was once told by the United State securities regulator to delist all cryptocurrencies on its platform except for Bitcoin (BTC), according to CEO Brian Armstrong. In a July 31 interview with the Financial Times, Armstrong revealed that the U.S. Securities and Exchange Commission wanted the exchange to delist the nearly 250 tokens on its platform prior to it filing a lawsuit against the exchange. At the time, the SEC reportedly said it believes “every asset other than Bitcoin is a security,” said Armstrong. “We said, well how…

German regulator raised concerns about Binance CEO prior to license application withdrawal: Report

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The German Federal Financial Supervisory Authority, or BaFin, reportedly advised crypto exchange Binance to withdraw its licensing application based on concerns with CEO Changpeng Zhao and the firm’s structuring. According to a July 28 report from The Wall Street Journal, BaFin advised Binance that Zhao, also known as “CZ,” may not have passed a “fit and proper” test under the financial watchdog’s regulatory guidelines. The regulator’s guidelines for a license application state managing directors — in this case referring to CZ — must “have the required professional qualification and be…

Bitcoin BTC Price Awaits Its Spot ETF in Absence of a Macro Catalyst: Crypto Custodian CEO

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Crypto markets aren’t reacting the same way they once did to macroeconomic events. Consider the two most recent U.S. central bank interest rate hikes in May and March. They resulted in relatively mild price moves of 1.13% and -2.87%. The reaction to recent inflation and GDP data was similarly tame, with BTC moving just -0.74% and 1.16% respectively. All told, crypto markets have likely priced in Wednesday’s anticipated move. More interesting for traders is BTC’s price declining below the lower range of its Bollinger Bands, indicating that its price could…

U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Former Celsius CEO Alex Mashinsky, Attorneys Tell Judge

CryptoX – Cryptocurrency Analysis and News Portal According to the DOJ’s attorneys, they need that time to process a wealth of Celsius’ corporate records and communications, including the 1,200 videos of Mashinsky’s and other Celsius executives’ ask-me-anything sessions, many of which are more than an hour long. Original Source The post U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Former Celsius CEO Alex Mashinsky, Attorneys Tell Judge appeared first on CryptoX. CryptoX Portal

Crypto-friendly Robinhood inches to UK with local CEO appointment

Cryptocurrency-friendly trading platform Robinhood is moving forward with plans to launch services in the United Kingdom with a new major local appointment. Robinhood has appointed former Barclays executive Jordan Sinclair as the new CEO to run its United Kingdom entity, according to data from the Financial Conduct Authority. According to FCA, Sinclair was approved by the authority to perform the CEO role at Robinhood’s U.K. arm on July 18. Prior to joining Robinhood, Sinclair was a managing director at the European fintech Freetrade for 13 months, according to his LinkedIn…

Crypto-friendly Robinhood inches closer to UK with local CEO appointment

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Cryptocurrency-friendly trading platform Robinhood is moving forward with plans to launch services in the United Kingdom with a new major local appointment. Robinhood has appointed former Barclays executive Jordan Sinclair as the new CEO of its United Kingdom entity, according to data from the Financial Conduct Authority. According to FCA, Sinclair was approved by the authority to perform the CEO role at Robinhood’s U.K. arm on July 18. Prior to joining Robinhood, Sinclair was a managing director at the European fintech firm Freetrade for 13 months, according to his LinkedIn…

Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint

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Crypto exchange Binance and its CEO Changpeng “CZ” Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator. In a July 24 filing to an Illinois District Court, multiple Binance entities, Zhao and former chief compliance officer Samuel Lim said they plan to file two separate motions to dismiss the complaint before July 27. “The Foreign Binance Entities and Zhao intend to file a joint Motion to Dismiss the Complaint. Lim intends to file a separate Motion to Dismiss the Complaint, and…