The mining firm also announced the appointment of David Anderson as its new CEO following the departure of Jeffrey Kirt effective Oct. 7. Anderson was most recently president and CEO of Millar Western Forest Products, an Alberta, Canada-based integrated forest products company. Original
Alex Mashinsky, who resigned as Celsius’ CEO on September 27, continues to move crypto out of wallets while withdrawals are suspended for customers. Source
Following the United Nations Conference on Trade and Development (UNCTAD) report that the U.S. Federal Reserve should stop raising rates, Ark Invest CEO Catherine Wood has published an open letter to the U.S. central bank asking the institution to stop raising interest rates. Wood says that the “unprecedented 13-fold increase in interest rates” has not only shocked the world but it’s also pushing the economy toward risking a “deflationary bust.” Ark Invest’s Catherine Wood Says Fed’s Last 75bps Rate Hike Was ‘Surprising,’ Letter Says 13 to 16-Fold Increase in Benchmark…
The CEO of global investment bank JPMorgan, Jamie Dimon, has warned that the U.S. economy could tip into recession in six to nine months. “This is serious stuff,” the executive stressed, adding that the stock market could easily fall another 20%. JPMorgan CEO Jamie Dimon’s Warnings JPMorgan CEO Jamie Dimon shared his warnings about the U.S. economy and the stock market in an interview with CNBC Monday at the JPM Techstars conference in London. Dimon cited a number of indicators that could push the U.S. economy into recession, including runaway…
Changpeng Zhao, founder and CEO of Binance, the biggest cryptocurrency exchange by volumes traded, pondered the importance of decentralization and the relation it has with security and freedom. Zhao stated that there are several aspects of decentralization and that this is part of a gradient scale, explaining the different ways in which even Bitcoin can be seen as centralized. Binance CEO Changpeng Zhao on Decentralization and Its Degrees A lot has been said about the benefits decentralization brings to cryptocurrency projects and how it differentiates some initiatives from…
For accurate futuristic decision-making in weather forecasting, blockchain ledgers should be integrated with artificial intelligence (AI) and the internet of things (IoT), according to HashCash Consultants CEO Raj Chowdhury. Chowdhury stated: “Widespread proliferation of IoT sensors has successfully established its uses across the weather departments, while AI/ML is being used for forecasting. The last remaining thing is establishing “trust” in the data’s accuracy- which is something blockchain excels at with consensus protocols, immutability, and transparency.” Since weather departments collect huge amounts of data needed for forecasting, blockchain technology…
Binance so far this year has committed $325 million to 67 projects, according to the story. A $200 million investment into Forbes and $500 million of financing towards Elon Musk’s Twitter takeover remain on the table – those deals could take the spend to more than $1 billion for 2022. By comparison, the company invested $140 million across 73 projects in 2021. Source
A new documentary about crypto exchange Coinbase and the digital assets industry will be released on popular video streaming platforms on Friday. Coinbase chief executive Brian Armstrong says that over the last three years, the company has been working with 10-time Emmy award-winning director Greg Kohs for the new film entitled COIN. “We gave Greg and his team unprecedented access inside the company, showing the crazy ups and downs of building a tech startup all the way to us becoming a public company. He shows it all – the good,…
Coinbase co-founder and CEO Brian Armstrong announced in a series of tweets on Oct 4 that a crypto centric documentary capturing his journey of building a tech start-up from the ground up will be available this Friday on Amazon Prime, iTunes, Youtube, and other streaming platforms. The documentary — “Coin: A Founder’s Story” — intends to pull back the curtain and show people what it’s really like to build a tech company from the ground up and encourage others who want to do the same. According to the CEO, documentary…
According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1. A report published last week noted that Sam Bankman-Fried, the CEO and co-founder of FTX, is eyeing Celsius’ assets after winning a bid for Voyager Digital’s assets last month. Celsius Bankruptcy Sale Hearing Has Been Finalized — Myriad Interested Parties Expected to…