Tag: CEO

Coinbase CEO hints its new layer-2 network could include AML measures

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Coinbase chief executive Brian Armstrong has hinted that the firm’s new Layer-2 blockchain network Base may be subjected to transaction monitoring and anti-money laundering measures at launch. In an interview with Joe Weisenthal on Bloomberg Radio on Mar. 6, Armstrong acknowledged that Base has some centralized components today, adding “it will be more and more decentralized over time.” However, he then suggested that there will be transaction monitoring and AML requirements for users of the new layer-2 network. He suggested that Coinbase will have a responsibility in terms of transaction…

HTC CEO Is Not Worried About Competition as Apple Plans to Launch Mixed Reality Device This Year

The HTC CEO believes that the mixed reality space will see considerable boost if giants like Apple also launch their own devices. HTC Corporation’s CEO Cher Wang has said she believes Apple will launch a mixed reality headset sometime soon. Although this move would directly compete with HTC, Wang has confirmed that she does not consider the development a cause for concern. Wang said that Apple would likely launch a device sometime this year. In a conversation with CNBC at the Mobile World Congress recently held in Barcelona, Wang said…

Ripple CEO Warns of Harm to Crypto Industry if SEC Wins Lawsuit Over XRP – Regulation Bitcoin News

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The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way to regulate an industry.” Ripple’s CEO on SEC Lawsuit, U.S. Crypto Regulation Ripple CEO Brad Garlinghouse warned about harmful consequences to the crypto industry if the U.S. Securities and Exchange Commission (SEC) wins its lawsuit against him and his company over the…

US Prosecutors Seek to Further Restrict Former FTX CEO Sam Bankman-Fried’s Internet Access – Bitcoin News

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The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried from using a smartphone with an internet connection. Instead, the disgraced FTX co-founder would receive a government-issued flip phone with disabled internet capabilities. Bankman-Fried May Get a Flip Phone With Strings Attached On March 3, 2023, the DOJ and SDNY attorney Damian Williams filed a request with…

The crypto industry has ‘already started’ moving outside US, says Ripple CEO

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The United States Securities and Exchange Commission’s (SEC) regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to regulate an industry, and may result in the U.S. being a less attractive location for crypto firms, suggests Ripple’s CEO. In a Mar. 3 Bloomberg interview, Brad Garlinghouse, CEO of blockchain-based digital payment network Ripple, suggested that the SEC’s approach to regulation is putting the U.S. at “severe risk” of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation. Garlinghouse…

Dan Harmon’s NFT show set for season 3, NFT-friendly Square Enix CEO steps down and more…

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Krapopolis, the NFT-affiliated cartoon series from Rick and Morty co-creator Dan Harmon has been renewed for a third season by Fox, despite season one not even airing yet. The Krapopolis team announced the renewal via Twitter in March. 2, and emphasized that NFT holders can still engage with the show before it airs. HOLY KRAP! Citizens we just got BIG news that Krapopolis has been renewed for a *third season*. You don’t need to wait for the show to start, you can start participating now by voting, viewing exclusive content,…

Ripple CEO Expects Lawsuit with SEC to End in 2023

The Ripple chief had already earlier specified that the lawsuit with the SEC would reach a resolution in the first half of 2023. The lingering legal battle between the US Securities and Exchange Commission (SEC) and Ripple is expected to finally come to an end in 2023. The case, which began in December 2020, involved the payment protocol and two of its executives – Christian Larsen and Bradley Garlinghouse. The Commission alleged that the company and the executive sold unregistered XRP tokens, raising $1.3 billion. According to the filing, Ripple…

Coinbase CEO Calls for Clear Crypto Regulations in US to Catch Up with Other Global Financial Hubs

According to Armstrong, the crypto asset market is here to stay, thus the reason traditional financial services are integrating with the blockchain and cryptocurrency industry. The call for crypto asset regulations in the United States has intensified following the collapse of Terra Luna UST and FTX last year. Already, the United States investigators are looking into the FTX and Alameda case with top officials, including former CEO Sam Bankman-Fried (SBF) and former FTX director of engineering Nishad Singh among others, under police custody. Last month, the Securities and Exchange Commission…

Coinbase CEO reiterates that ‘staking’ products aren’t securities

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Coinbase CEO Brian Armstrong has attempted to quell speculation that his exchange’s staking products should be classified as securities — upping the ante in the ongoing debate around crypto regulations with the United States Securities and Exchange Commission, or SEC. In a televised interview with Bloomberg on March 1, Armstrong said, “Our staking product is not a security,” referring to cryptocurrencies that can be staked directly on the exchange to generate yields. He continued: “Customers never turn their assets to Coinbase for instance. And we really just are providing a…