Tag: CEO

Coinbase CEO Brian Armstrong Says Crypto Exchange 100% Committed to the US Despite Regulatory Crackdown

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Coinbase CEO Brian Armstrong says the firm is confident it can pull through the current anti-crypto regulatory crackdown that is stirring uncertainty across the industry. During Coinbase’s first quarter earnings call, Armstrong says the exchange remains completely committed to making things work at home in the US.  Coinbase recently received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) warning of a potential coming enforcement action against the company for alleged violation of securities laws. “So let me be clear, we’re 100% committed to the U.S. I founded…

Coinbase CEO Says Exchange Would No Longer Exit US amid Regulatory Scrutiny

The SEC served Coinbase with a Wells Notice in March to signal an upcoming enforcement action against the exchange.  The CEO of top American cryptocurrency exchange Coinbase Brian Armstrong has hinted that the exchange will not bow to pressure from the US Securities and Exchange Commission (SEC). Armstrong, who has been openly critical of SEC and its chair Gary Gensler, made more accusations on Monday. In a bare-it-all interview with CNBC on Monday, Armstrong suggested that Gensler leads some form of personal campaign against crypto. He says: “There’s kind of…

Defending against SEC to cost Ripple $200M, CEO Brad Garlinghouse says

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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’

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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…

7,800 jobs at IBM could be replaced by AI within years, suggests CEO

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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

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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…