Tag: CEO

Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO

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Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region. Coinbase CEO Brian Armstrong later revealed that the service disruption was due to an “informal pressure” from India’s central bank. During Coinbase’s 2022 Quarterly Earnings call, Armstrong spoke about the company’s global expansion plans while acknowledging Coinbase’s role in starting the conversation with regulators related to crypto adoption. When asked about the impact of the recent disruption related to offering payment services in…

Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss

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Cryptocurrency exchange Coinbase has disclosed its first net loss as a public company of $430 million in Q1, but CEO Brian Armstrong said on an earnings call that he’s “never been more bullish on where we are as a company.” In its first quarter 2022 report Coinbase disclosed that revenue had dropped 27% to $1.17 billion, down from $1.6 billion in the first quarter of 2021 and a long way off its Q4 2021 revenue of $2.5 billion. Monthly transacting users also dropped by over 19% to 9.2 million, from…

Qualcomm CEO States Metaverse Will Be a ‘Very Big’ Opportunity – Metaverse Bitcoin News

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Qualcomm, one of the largest fabless mobile chip makers, is very optimistic about the future of the metaverse and what it might bring for companies and consumers in the area. Qualcomm CEO Cristiano Amon believes that, while there is much to do in the development space, this development is real and will bring a very big opportunity for the people involved. Qualcomm CEO Talks Future of Metaverse Hardware companies are starting to view the recent metaverse push in the software industry as an interesting market for them to…

More than a third of AMC online payments are crypto or digital: CEO

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AMC Theatres CEO Adam Aron stated that crypto along with several other digital payment methods recently accounted for 35% of its online payments. The popular cinema chain has gradually been working on various crypto adoption plays after first rolling out online payment support for Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) in November. Last month it also added support for Dogecoin (DOGE) and Shiba Inu (SHIB) payments via the AMC Theatres mobile app. Speaking as part of the firm’s 2022 Q1 earnings call on May 9, Aron…

Head of Bitstamp’s European arm becomes latest CEO of global crypto exchange

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Bitstamp, one of the oldest crypto exchanges in the world, has announced the appointment of Jean-Baptiste (JB) Graftieaux as its new global CEO following the departure of Julian Sawyer. In a Monday announcement, Bitstamp said Sawyer, who first became CEO of the crypto exchange in October 2020, “has decided to pursue other opportunities.” Graftieaux took over the position on May 7, having been the Bitstamp Europe CEO since May 2021. According to the exchange, Graftieaux has 20 years of experience in “crypto, payments, and financial sectors,” having first joined Bitstamp…

Mining Capital Coin CEO accused of $62M investment fraud scheme

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The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.” The DOJ is charging Capuci with conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to commit international money laundering in relation to several allegedly fraudulent schemes that were run via MCC. If found guilty, he faces a maximum prison sentence of 45 years. According to the DOJ’s indictment, Capuci (alongside…

Tesla CEO Elon Musk Gives Investment Advice He Says ‘Will Serve You Well in the Long Term’ – Featured Bitcoin News

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Tesla and Spacex CEO Elon Musk has shared his recommended investment strategy, which he believes “will serve you well in the long term.” Some people noted that Musk’s strategy is similar to one adopted by Berkshire Hathaway CEO Warren Buffett. Elon Musk’s Investment Advice Tesla and Spacex CEO Elon Musk gave some investment advice Sunday, noting that he has been asked about it “a lot.” He explained that investors should buy stock in several companies that make products and services that they believe in. They should only sell if they…