The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit. Source
Ripple's Tussle Against SEC to Cost the Firm $200M, CEO Garlinghouse Says: Report
Tag: CEO
Defending against SEC to cost Ripple $200M, CEO Brad Garlinghouse says
Ripple has spent $200 million defending the case brought against it by the United States Securities Exchange Commission (SEC), according to CEO Brad Garlinghouse. Garlinghouse dropped the figure during a fireside chat at the Dubai Fintech Summit on May 8. He stated that the U.S. is stuck compared with the regulatory progress of the United Arab Emirates virtual asset regulatory authority and the recent Markets in Crypto-Assets (MICA) bill in the European Union. He went on to share that by the time the case is decided, Ripple will have spent…
Google DeepMind CEO Demis Hassabis says we may have AGI ‘in the next few years’
Demis Hassabis, the CEO of Google DeepMind, recently predicted that artificial intelligence systems would reach human-level cognition somewhere between “the next few years” and “maybe within a decade.” Hassabis, who got his start in the gaming industry, co-founded Google DeepMind (formerly DeepMind Technologies), the company known for developing the AlphaGo AI system responsible for beating the world’s top human Go players. In a recent interview conducted during The Wall Street Journal’s Future of Everything festival, Hassabis told interviewer Chris Mims he believes the arrival of machines with human-level cognition is…
I Owe Coinbase (COIN) CEO Brian Armstrong an Apology
Now, though, Coinbase looks a little bit more like its less-trustworthy competition. So far, its offshore leverage trading offering seems nominal at best – Coinbase International Exchange doesn’t even have an app or website, operating strictly through an API. That could be the foundation for a more robust product, or it might just be the bare minimum required to make a theatrical political statement. While I doubt Gary Gensler cares much, threatening to take its toys and go overseas is one way Coinbase can rally support for a pushback against…
Celsius CEO Mashinsky Denies ‘Baseless’ Fraud Claims by New York State
Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender. Source
7,800 jobs at IBM could be replaced by AI within years, suggests CEO
International Business Machines Corp. (IBM) is expecting to put a “pause” on hiring for “back-office” roles that could be potentially automated by artificial intelligence (AI) instead. IBM CEO Arvind Krishna explained in a May 1 interview with Bloomberg that many “back-office” positions such as those in the human resources and accounting departments will likely be the first to be automated by AI. The IBM boss added he could “easily” see 30% of these positions replaced by AI over a five-year period. Dropbox: Laying off 500 people and replacing them with…
Bittrex Global CEO criticizes SEC’s lack of communication on enforcement actions
Oliver Linch, CEO of Bittrex Global, expresses frustration with the SEC, citing the absence of any communication between the two parties before the issuance of a Wells notice to the cryptocurrency exchange. Oliver Linch, the CEO of Bittrex Global, a prominent cryptocurrency exchange, has expressed discontent with the United States Securities and Exchange Commission (SEC), asserting that the regulator never gave the company an opportunity to discuss potential enforcement actions. Speaking at the Consensus 2023 conference in Austin, Texas, Linch emphasized that there had been absolutely no communication between Bittrex…
On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023
Oliver Linch, chief executive officer of cryptocurrency exchange Bittrex Global, has pushed back against the United States Securities and Exchange Commission (SEC), claiming the company never had a clear opportunity to discuss a potential enforcement action. Speaking to Cointelegraph at the Consensus 2023 conference in Austin, Texas on April 28, Linch said there had been “precisely zero” communication between Bittrex Global and the SEC prior to the financial regulator issuing a Wells notice to the company’s U.S. counterpart in March. The SEC charged Bittrex in April for operating as an…
Justin Sun issues apology after Sui LaunchPool clashes with Binance CEO
On May 1, Binance CEO Changpeng “CZ” Zhao issued a warning to Tron founder Justin Sun regarding a deposit of 56.1 million TrueUSD (TUSD) to Binance. The Binance executive wrote: “Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will ‘take action against it’. SMH. Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.” In response, Sun said that Tron DAO’s primary objective in depositing TrueUSD “is to facilitate market-making between leading TUSD exchanges.”…
Crypto Industry Is ‘Absolutely’ at War Against Gensler, Warren, Blockchain Association CEO Smith Says
Smith, however, provided a glimmer of hope for the industry during the panel, saying that a pro-crypto “army,” including the Blockchain Association, are fighting “in Washington every day” for the industry. “There’s a reason that Elizabeth Warren has stalled her bill that’s because she lost co-sponsors,” Smith said. “And that was because of the lobbying effort and education effort that went on,” from the pro-crypto groups.” Source link