Tag: CEO

Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO – Fintech Bitcoin News

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The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire workforce. Chipper Cash CEO Ham Serunjogi has dismissed reports that the fintech has shut down its crypto department. The Deteriorating Macroeconomic Climate The Nigerian fintech, Chipper Cash, recently confirmed it had laid off a second batch…

Coinbase CEO Brian Armstrong Says Crypto in ‘Despair Phase’ Amid US Exchange’s $2,625,000,000 Annual Loss

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Crypto exchange Coinbase is struggling as a result of the bear market but the firm’s CEO, Brian Armstrong, says they’re built for the long term. During an earnings call on Wednesday, Armstrong says that the industry is going through one of those difficult periods in the crypto cycle. “The narrative in crypto tends to flip every two years. It’s either irrational exuberance or despair. Neither one is true at any given time, but we’re in one of those despair phases right now.” Coinbase’s fourth quarter and full-year 2022 report to…

US crypto regulation happening ‘behind closed doors’ – Blockchain Association CEO

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The United States Congress needs to take control of crypto legislation to make it a more “open process” where the entire marketplace is looked over “comprehensively,” suggests the chief of the prominent U.S. crypto industry body. In a Feb. 22 Bloomberg interview, Blockchain Association CEO Kristin Smith said the industry needs U.S. lawmakers to lead crypto legislation despite it making the process “very slow” and regulators “stepping in” in the interim. Smith noted that despite regulators “moving very quickly,” progress on legislation is happening “behind closed doors,” suggesting it’s vital…

Hut 8 CEO weighs in on the bull and bear markets from a mining perspective

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In January 2023, during the World Economic Forum’s (WEF) annual conference in Davos, Switzerland, Jaime Leverton, CEO of Hut 8, a crypto mining entity that trades as a public company, sat down with me for a fireside chat at the Crypto Summit on the Promenade. Leverton outlined some of her views on the recent shakeout in the cryptocurrency market and reflected on how Bitcoin (BTC) mining fares during the current turbulent period for the industry. Throughout 2021 and 2022, the crypto industry experienced significant growth, followed by bear market struggles,…

NFTs will act as high-end property during boom cycles: Real Vision CEO

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Real Vision CEO and co-founder Raoul Pal believes nonfungible tokens (NFTs) will act similar to “high-end property” in the traditional economy, outperforming Ether (ETH) during crypto market boom cycles. In an hour-long YouTube video published on Feb. 20, the former JPMorgan executive offered a run-down of what he felt most bullish about when it came to NFTs, including key use cases for the asset class, its underlying tech, and its potential performance relative to Ether. Boom! Here you go… My deep dive thesis and understanding on NFT’s, what they mean, where…

Composable Finance CEO denies legal violations as CTO steps down

The CEO of Composable Finance has vigorously refuted allegations of legal improprieties at his decentralized finance (DeFi) infrastructure platform, which was being aired by the firm’s former CTO Karel Kubat.  In a Feb. 20 Twitter post, Composable Finance’s now-former CTO Karel Kubat announced he had stepped down from the firm. He also leveled a number of accusations aimed at his former company and its CEO.  In Kubat’s post, the CTO said that he is resigning because the firm has not provided financial statements to him or the community and because he…

‘Regulators let the bad guys get big’ — Kraken CEO speaks out after SEC settlement

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Jesse Powell, the current CEO of crypto exchange Kraken, has called out United States financial regulators for letting “the bad guys” win to suit their agenda. In a Feb. 19 Twitter thread, Powell speculated that U.S. regulators — seemingly including the Securities and Exchange Commission (SEC) — were allowing crypto firms to operate without enforcement actions as a red herring for companies that are their true targets. According to the Kraken CEO, allowing bad actors to “suck up users, revenue and venture capital” available to firms operating in accordance with…

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry – Regulation Bitcoin News

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Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System, which was denied by the Federal Reserve Board. CEO of Custodia Criticizes U.S. Government for ‘Shooting a Messenger Who Warned of Crypto Debacle’ Executives of digital currency and blockchain companies are displeased with the U.S.…

Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto

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The CEO of Custodia Bank Caitlin Long has slammed regulators and lawmakers in Washington D.C. for their “misguided crackdown” on the crypto sector, and also for ignoring her warnings of major “fraud” allegedly conducted by now-bankrupted entities. In a Feb. 17 blog post titled “Shame On Washington, DC For Shooting A Messenger Who Warned of Crypto Debacle,” Long tore into the government for its approach to crypto regulation, failing to protect investors and alienating good actors in the space: “Washington’s misguided crackdown will only push risks into the shadows, leaving…

YouTube appoints Web3-friendly exec as new CEO

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Google-owned YouTube has appointed Web3-friendly exec Neal Mohan as its new CEO following the departure of Susan Wojcicki this week. Wojcicki stepped down from YouTube on Feb. 16 after nine years at the helm, outlining plans to start a “new chapter” focused on family, health and personal projects. During her tenure, she oversaw the pivotal introduction of the revenue-sharing model, among other things. Moving forward she will remain an advisor for Google’s parent company Alphabet Inc. Thank you, @SusanWojcicki. It’s been amazing to work with you over the years. You’ve…