Tag: CEO

Terraform Rams CEO to be prosecuted by Montenegro prosecutors

Montenegro’s prosecutors have served an indictment proposal for Terraform Rams CEO Hong Chang-joon and Kwon Do-hyeong for forging official travel documents.  The duo was arrested in Podgorica Airport, the capital of Montenegro, as they attempted to board a private jet to Dubai. Kwon and Hong held for alleged fake documents The State of Podgorica Prosecutor’s Office has filed charges against Korean defendants Hong Chang-joon and Kwon Do-hyeong for forging official documents such as passports and other identification documents. Haris Šabotić, a Podgorica court prosecutor, requested extended detention of the two…

Gemini flags ‘big plans’ for Asia with India hub and regional CEO

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United States-based cryptocurrency exchange Gemini announced the establishment of a new engineering hub in India with plans to tap into the country’s pool of top tech talent. In an April 20 statement, Gemini’s Global CTO Pravjit Tiwana announced Gemini is “in the midst” of opening an engineering center in Gurgaon, India. It said it will be the exchange’s second-largest engineering hub trailing behind its hub in the U.S. Heading up the operation will be Tiwana, who has been appointed as the CEO of Gemini Asia Pacific in addition to his…

Coinbase may face years-long court battle with SEC, CEO warns: Report

United States cryptocurrency exchange Coinbase is gearing up for a lengthy legal battle with the Securities and Exchange Commission (SEC) after the regulator warned the company of potential securities law violations, CEO Brian Armstrong told CNBC in an interview on April 18. Coinbase received a Wells notice from the U.S. SEC on March 22, indicating a possible enforcement action. The notice is usually the last step before the regulator files charges. In response, Armstrong expressed disappointment and revealed that the company had not received any clear details from the SEC about…

EU legislators call for ‘safe’ AI as Google’s CEO cautions on rapid development

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A dozen European Union (EU) politicians have signed a letter calling for the “safe” development of artificial intelligence (AI) as Google’s CEO cautioned against releasing powerful AI tech before society has had a chance to adapt. An April 16 open letter shared on Twitter by EU Parliament member, Dragoș Tudorache, called for a collaborative effort and a universal set of rules around the development of AI. Tudorache, along with 11 other EU politicians named in the letter, asked the European Commission President Ursula von der Leyen and United States President…

SEC Sues Crypto Exchange Bittrex, CEO for Operating without Registration

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The US securities regulator has charged cryptocurrency exchange Bittrex and William Shihara, its Founder and former CEO, for operating as a national securities exchange, broker and clearing agency without registration. According to US Securities and Exchange Commission (SEC), Bittrex violated registration requirements of the US federal securities law, instructed crypto issuers using its platform to delete certain information that indicated their digital assets were securities, and ran different market intermediary functions under one entity in order to maximize profits. The regulator also filed charges against Bittrex Global GmbH, a foreign…

Paxful CEO announces 88% of accounts unfrozen, $4.4M in funds remaining

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The chief executive officer of peer-to-peer crypto marketplace Paxful has announced the unfreezing of 88% of previously frozen user accounts more than a week after suspending operations. In an April 16 Twitter thread, Paxful CEO Ray Youssef said roughly $4.4 million in frozen funds remained on the platform after staff had unfrozen 88% of existing accounts. According to Youssef, the unfreezing of accounts had been accomplished “with no engineers or compliance folks,” claiming all remaining frozen funds were “in the hands of” United States financial regulators. Youssef said though roughly…

Google CEO Says Society Must Prepare for AI Acceleration or Risk Getting Overrun

Google and Alphabet CEO Sundar Pichai thinks AI could cause serious harm in different sectors if society does not brace for it.  According to Google (NASDAQ: GOOGL) CEO Sundar Pichai, society needs to brace itself for the far-reaching impact of artificial intelligence (AI). In a recent media session, Pichai opined that AI acceleration might distort everyday life without proper guiding measures. Warning that AI advancement laws are “not for a company to decide” alone, Pichai believes AI will impact “every product of every company”. In the interview, the Google CEO suggested that it would be imprudent…