Tag: CEO

Banking turmoil pushes crypto to ‘no oversight’, says Circle CEO

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The ongoing crisis and uncertainty around the global banking system could push the cryptocurrency market into a more gray area in terms of regulation, Circle chief executive believes. Jeremy Allaire, CEO of the USD Coin (USDC) issuer Circle, took to Twitter on March 23 to share his reflections regarding the market dynamics in the aftermath of the Silicon Valley Bank (SVB) collapse. In the Twitter thread, Allaire highlighted the “deep market anxiety” about general exposure to the financial system of the United States and the risk of a large-scale U.S.…

‘No shortage of passion in the Parisian people’ for PBW amid protests — Animoca Brands CEO

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Robby Yung, CEO of metaverse ecosystem developer Animoca Brands, seemed to suggest that, despite the recent attempts to debank crypto and protests on the streets of Paris, confidence in the space was undeterred. Speaking to Cointelegraph on March 22 at Paris Blockchain Week, Yung said the local government had provided a “warm embrace” for crypto and blockchain enthusiasts amid many overflowing trash bins, protests and burned-out vehicles. France’s capital city has seen massive protests since the government pushed through a bill without a vote in the legislature that would raise the…

DCG-owed crypto exchange Luno replaces CEO, seeks outside investment

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LONDON — The CEO of cryptocurrency exchange Luno is stepping aside and handing the reins to its head of operations, the company announced Wednesday. It comes as Luno’s parent company, crypto-focused venture capital firm Digital Currency Group, continues to reel from turmoil in the crypto market. Luno also recently laid off 35% of its global workforce. Marcus Swanepoel, a South African former banker who founded Luno in 2013 with the aim of bringing crypto to the masses, will give up his CEO title after 10 years to become executive chairman,…

Blackrock CEO Warns More Bank Seizures and Shutdowns Could Result From Regulatory Changes – Economics Bitcoin News

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The CEO of Blackrock, the world’s largest asset manager, has warned about additional bank seizures and shutdowns that could result from regulatory changes in response to the failures of several major banks in the U.S. “It does seem inevitable that some banks will now need to pull back on lending to shore up their balance sheets, and we’re likely to see stricter capital standards for banks,” he added. Blackrock’s Chief on More Bank Seizures, Shutdowns Larry Fink, the chairman and CEO of Blackrock, the world’s largest asset manager, shared his…

Messari CEO Says Bitcoin Price Can Breach $100K in a Year

The Messari CEO said firms may choose to use Bitcoin as the exit plan. The growing strain in the broader financial market has been tagged as a yardstick for a more ambitious fundamental that can drive Bitcoin (BTC) price growth according to projections from Messari CEO, Ryan Selkis. Taking to his official Twitter account, Selkis said he believes Bitcoin can touch a $100,000 price target within the next 12 months. As an expert who runs one of the most versatile crypto analytics platforms in the Web 3.0 world, Selkis gave…

Euler Finance hacked despite 10 audits in 2 years, says CEO

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Ten separate audits conducted over a two-year period of the Ethereum-based lending protocol Euler Finance deemed it to be “nothing higher than low risk” and having “no outstanding issues” prior to it suffering from a $196 million attack. In a series of tweets on March 17 Euler Labs CEO, Michael Bentley described the “hardest days” of his life after Euler’s $196 million flash loan attack on March 13. He retweeted one user sharing information that Euler had 10 audits from 6 different firms, and commented that the platform “has always…

LinksDAO wins bid to buy its first golf course, says CEO

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The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO is primed to become the new owner of the Spey Bay Golf Club in Scotland after successfully winning a bid to buy the course initially listed for just over $900,000. After winning the bid, the DAO has entered into an exclusivity agreement with the vendor and will look to formally close the deal in early April. We won the bid. WE’RE BUYING A GOLF COURSE!!! — Links (@LinksDAO) March 16, 2023 In the meantime, it is undergoing its “due diligence” phase before…

Developed markets lagging behind in digital payments: BlackRock CEO

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The CEO of American investment company BlackRock, Larry Fink, highlighted the potential of digital assets and tokenization for the asset management industry in his annual chairman’s letter to the company.  The letter was published on March 15 and addressed various topics of interest to the firm over the last year, including digital assets. Fink highlighted the rising and sustained interest in these types of assets despite the FTX catastrophe. He said beyond the hype, “interesting developments” are happening in the space. He especially noted the “dramatic advances” in the digital…

Baidu Shares Fall 6% as CEO Unveils AI Chatbot to Rival OpenAI’s ChatGPT 

Baidu recently saw its shares take a massive hit following a pre-recorded unveiling demo of ChatGPT rival Ernie bot.  The shares of Chinese multinational tech company Baidu plunged to an 8-week low after the company unveiled a ChatGPT rival. On Thursday, Baidu provided a sneak peek into the functionality of its Chinese-language bot but also forewarned of its imperfections. However, during a live-streamed release event, CEO Robin Li described how the Chinese-language ChatGPT would improve through user feedback. Speaking on how the Baidu chatbot, dubbed Ernie bot, fares so far with regards…