Tag: CEO

KuCoin to reenter South Korea after securing key markets: CEO

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Crypto exchange KuCoin said that it may reenter South Korea after its platform was blocked in the country.  On March 21, South Korean regulators ordered Google Play to block access to exchanges that were not compliant with the requirements needed to operate in the country. On April 11, South Korea’s Financial Services Commission (FSC) ordered the Apple Store to block unregistered crypto exchanges.  KuCoin was among those affected by the country’s crackdown on unregistered platforms that were previously available. While the platform is now unavailable to South Koreans, it has…

Real-world assets do not need institutions yet, Plume CEO says

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Amid the intensifying global race to tokenize real-world assets, the market is still too nascent for institutional adoption, according to Chris Yin, the co-founder and CEO of Galaxy-backed RWA platform Plume. Institutional capital is yet to enter the RWA market, and it will take some time for institutions to see its value, Yin told Cointelegraph on the sidelines of Token2049 in Dubai. “These things move incredibly slowly, you have to show value, you have to show adoption first,” Yin said, comparing RWA’s currently developing stages with the early days of…

Ex-Binance CEO chides Europe over crypto adoption

Changpeng “CZ” Zhao, the former CEO of crypto exchange Binance, said most European countries were moving “nowhere” in terms of the adoption of digital currencies. Speaking at the Token2049 conference in Dubai on April 30, Zhao said that areas of the United Arab Emirates were “extremely pro-business,” leading to crypto adoption in Dubai, while others like Bhutan were building national Bitcoin (BTC) and Ether (ETH) stockpiles. According to Zhao, the US was pressing other countries’ hands by exploring its own policies for a crypto reserve, but those in Europe didn’t…

Prosecutors Seek 20-Year Sentence for Ex-Celsius CEO in Multi-Million-Dollar Fraud Case

Federal prosecutors have asked a judge to sentence former Celsius Network CEO Alex Mashinsky to at least 20 years in prison for orchestrating a multiyear fraud that caused over $550 million in losses to cryptocurrency investors. Mashinsky’s $48M Gain from Celsius Collapse Demands 20 Years, Prosecutors Say In a sentencing memorandum filed April 28, the […] Source CryptoX Portal

Mantra price languishes ahead of CEO speech

Mantra price continues to languish at its lowest level since March 2024, even as Bitcoin and most altcoins rally.  Mantra (OM), a major player in the Real World Asset tokenization, traded at $0.5086 on Sunday, down 95% from its highest level this year. This performance indicates that investors are still skeptical about the coin after its crash two weeks ago. While the management has attributed the collapse to forced liquidations by an exchange, users believe it was because of insiders dumping tokens. They question why Mantra was the only coin…

Stripe CEO Confirms Payments Company Is Developing New Stablecoin Product After a Decade of Interest

Stripe CEO Patrick Collison has announced that the payments company is actively developing a new stablecoin product, a project that they have wanted to pursue for nearly a decade. This announcement comes after Stripe’s acquisition of stablecoin platform Bridge in October 2024 for $1.1 billion. In a recent social media post, a member of the […] Source CryptoX Portal

Senator, Ex-Bridgewater CEO Dave McCormick Invests More in Bitcoin (BTC) as Bill in Works

U.S. Senator Dave McCormick, the former chief executive of massive hedge fund Bridgewater Associates, is putting his own cash into bitcoin (BTC) as the committee he’s on is at the tip of the spear for a legislative effort to regulate the digital assets industry. McCormick has made repeated recent investments in the Bitwise Bitcoin ETF worth hundreds of thousands of dollars, according to disclosures this week. Because of the ranges used in such lawmaker disclosures, the latest amounts invested last month can only be said to be between $310,000 and…

Ex-Celsius CEO Mashinsky sentencing set for May 8.

Key Notes Former CEO of Celsius, Alex Mashinsky, is expected to be sentenced on May 8. The sentencing was delayed by one month following a request from the defense to present additional evidence. Mashinsky pleaded guilty to securities and commodities fraud related to Celsius’s token, CEL. Alex Mashinsky, the former CEO of Celsius, is set to be sentenced by a US court on May 8, 2025, after pleading guilty to two criminal counts. Two years ago, he faced accusations of wire fraud, securities fraud, commodities fraud, and multiple counts of…

Strike’s Jack Mallers named CEO of Bitcoin-focused Twenty One Capital

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Jack Mallers, founder and CEO of crypto payments firm Strike, is taking on a new role as CEO of the newly formed Bitcoin-centric company Twenty One. The announcement that Jack Mallers will be the new Twenty One Capital, Inc. CEO comes after the new company revealed a business venture involving Cantor Equity Partners,a special-purpose acquisition company by a Cantor Fitzgerald affiliate. Backed by stablecoin issuer Tether and Japanese investment powerhouse SoftBank Group, Twenty One will launch with more than 42,000 Bitcoin (BTC) under management. The company aims to maximize BTC…

Unicoin CEO Rejects SEC’s Attempt to Settle Enforcement Probe

Unicoin has rebuffed the U.S. Securities and Exchange Commission’s (SEC) attempt to negotiate a settlement agreement to close an ongoing probe into the Miami-based crypto company, its CEO Alex Konanykhin revealed in a Tuesday letter to investors. In his letter, Konanykhin said Unicoin was given an “ultimatum” by the SEC to attend a settlement negotiation meeting last week, on April 18. “We declined to show up,” Konanykhin told CoinDesk, adding that the SEC had made demands ahead of the meeting that he found “unacceptable.” He declined to share specifics, telling…