The come-up of the FTX cryptocurrency exchange has been one of the most inspiring stories out of the crypto space. Its success put its CEO Sam Bankman-Friend on the path to become one of the richest crypto billionaires. The 29-year-old was featured on the Forbes 2021 List of 400 Richest People In America, which saw the CEO named as the richest crypto billionaire. Although FTX has had an impressive track record, the road to the present was not always an easy one. CEO Sam Bankman-Fried opened up on some of…
Tag: CEO
CEO Of Soros Fund Management Confirms That The Family Office Is Invested In Bitcoin
Billionaire George Soros’ investment fund has had its eye on bitcoin for a while now. Bitcoinist had reported in July that the fund was looking to start trading bitcoin. It would not be the first time the company was getting into the crypto market but it is the first time that the fund has traded in the digital asset directly. Bitcoin was at the top of its list. However, the fund had its eye on other crypto-assets in the space. Soros Fund CEO Dawn Fitzpatrick has now confirmed that the…
JPMorgan CEO Doesn’t Care If Bitcoin Grows 10X In Five Years
Bitcoin investing is arguably one of the most talked-about investment in the finance industry at present. The returns on the digital asset have seen people allocating more of their investment budgets to bitcoin. But for people who may not have as much fiat as they would like to invest in the asset, borrowing has been a way to get more money to invest. Related Reading | Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown Individuals are also not alone when it comes to borrowing to…
Why Cardano Bull Trend Isn’t Over And 91% Increase Is Imminent, deVere CEO Nigel Green
One look at the charts and any crypto investor will see Cardano is currently suffering. The digital asset is currently down with the rest of the market, which is suffering in the wake of the Evergrande situation in China. The market has been in a downtrend as the situation has evolved. Its biggest ties to the market being the fact that Tether allegedly owns some of the Evergrande bonds. This has spilled over into the crypto market in a big way. Bitcoin fell to one-month lows with the news and…
Gemini exec to join Bitstamp crypto exchange as new CEO
Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time. Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new advisory role on the company’s board of directors, Bitstamp executives told Cointelegraph on Oct. 22. Julian Sawyer, who currently serves as the managing director of the United Kingdom and Europe at major global crypto exchange Gemini, will replace Kodrič, becoming the second CEO in Bitstamp’s history. The replacement…
Digital Assets Data CEO says mainstream finance still doesn’t trust Bitcoin
Following the news of Fidelity Investments’ Bitcoin (BTC) fund filing, Mike Alfred, CEO of analytics outfit Digital Assets Data, described continued hesitancy in mainstream finance when it comes to Bitcoin. “Many in the traditional financial services/asset management/wealth management verticals remain deeply skeptical of Bitcoin and the ecosystem,” Alfred told Cointelegraph on Sept. 10. “One commenter on my LinkedIn yesterday even called Fidelity’s move ‘Abby’s folly,’” he said, which takes a shot at Fidelity CEO Abigail Johnson in reference to her activities and position as an early Bitcoin adopter. A mainstream…
Yellow Card CEO reminisces about losing his life savings on LocalBitcoins
In his college-aged days, Chris Maurice, the CEO of African crypto exchange Yellow Card, said he put his life savings into Bitcoin (BTC), finding it stolen shortly after. “Bitcoin was about $200 at the time, and I decided basically I was just going to dump my entire savings account into into it,” Maurice told Cointelegraph in an interview. Maurice said he had approximately $5,000 in his savings back then, with which he bought roughly 21 BTC. “I was holding it all on LocalBitcoins, because that was the wallet that I used…
CEO shares an early adoption story about selling Bitcoin inside various Taco Bells
Following an earlier endeavor selling Bitcoin (BTC) at a premium on eBay in 2015, Chris Maurice, CEO of African crypto exchange Yellow Card, made a small business selling the asset at multiple Taco Bell locations. Maurice worked with his friend Justin Poiroux on the endeavor. Poiroux, who later co-founded the Yellow Card exchange, first explained Bitcoin to Maurice about two years prior. “We would post on Craigslist and on LocalBitcoins, and we would say, ‘Hey we have Bitcoin, come meet up with us and give us cash and we’ll give you the Bitcoin,’” Maurice told…
Band Protocol CEO says that a single Chainlink data request costs $450
Band is one of Chianlink’s main competitors in the oracle space that is based on Cosmos technology. In a recent Cointelegraph interview, Soravis Srinawakoon, the CEO of Band Protocol, said: “If you look at Chainlink, one data request right now can take almost $450 because someone needs to submit the request data to ask for the data. Let’s say 20 data providers need to receive that, respond to that with 20 transactions, and then the aggregation contract to do all the computation before returning the final result, all of these…
Abra Building Banking Solutions on Stellar Blockchain, CEO Barhydt Says
Abra, the company behind the global crypto and fiat wallet and exchange app of the same name, plans to give the world banking services underpinned by Stellar’s blockchain — one of the results of the SDF’s $5 million investment in Abra earlier in 2020. During the SDF’s digital second quarter review meeting on July 15, Abra CEO Bill Barhydt mentioned Abra’s focus on upcoming banking-type features the company is building out. In particular, Barhydt noted an “interest-earning capability” expected to hit the market in the coming weeks. Abra details upcoming…