Tag: CEO

US ‘likely’ to buy 300k to 400k Bitcoin in 2025: deVere Group CEO

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The United States could acquire up to 400,000 Bitcoins in 2025, according to Nigel Green, CEO of deVere Group.  Green, known for his bullish crypto predictions, believes this Strategic Bitcoin Reserve would cement Bitcoin (BTC) as a cornerstone of U.S. financial policy and drive an unprecedented bull market, according to a note shared with crypto.news. Green’s forecast follows Senator Cynthia Lummis’ Bitcoin Act of 2024, which proposes acquiring one million Bitcoins over five years. While political negotiations may scale back the initial target, Green says it is “likely” the govenment…

Former Terra CEO Do Kwon Enters Not Guilty Plea In Landmark $40 Billion Crypto Trial

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Do Kwon, the South Korean cryptocurrency entrepreneur and co-founder of Terraform Labs, pleaded not guilty on Thursday to a series of criminal fraud charges in a Manhattan federal court.  This comes just days after his extradition from Montenegro, where he had been detained for over a year. His case centers around the collapse of TerraUSD and Luna (LUNC), which collectively lost an estimated $40 billion in 2022. Ordered To Remain In Custody Following Court Appearance According to a Reuters report, federal prosecutors unsealed a nine-count indictment accusing Kwon of multiple…

Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

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Former Bithumb CEO Lee Sang-jun has reportedly been sentenced to prison after being found guilty of receiving cash and gifts to engage in a fraudulent token listing scheme.  Local Korean news outlet The Hankyoreh reports that the Seoul Southern District Court has sentenced the 55-year-old to two years behind bars and ordered him to pay a fine of 52 million won ($35,367) for receiving money and lavish items as bribes from businessman Kang Jong-hyun. Kang allegedly shelled out 3 billion won (roughly $2 million) in cash and over $272,000 worth…

Bitcoin As A Strategic Asset? CryptoQuant CEO Weighs In

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Este artículo también está disponible en español. Since President-elect Donald Trump raised the possibility of establishing a US Bitcoin Strategic Reserve, many advocates have pushed for the creation of the crypto stockpile, saying that it would make the country as the leader in the global cryptocurrency landscape. However, not everyone in the crypto community is convinced of the feasibility of the crypto reserve. CryptoQuant CEO Ki Young Ju is pessimistic that the prospect of the Bitcoin Strategic Reserve would get an approval from the incoming administration. Related Reading BTC Reserve…

Cryptoquant CEO: US Strategic Bitcoin Reserve Adoption Unlikely Amid Economic Strength

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Since Donald Trump was elected the 47th President of the United States, bitcoin advocates have faced skepticism about whether his administration and the forthcoming Congress would introduce a strategic bitcoin reserve. Cryptoquant CEO: ‘Bitcoin Standard’ Needs U.S. Economic Decline to Gain Traction Ki Young Ju, CEO of Cryptoquant, took to social media to voice his […] Original

Don’t expect US to approve Bitcoin reserve: CryptoQuant CEO

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In a lengthy post on X, CryptoQuant CEO Ki Young Ju questioned whether the U.S. would embrace a Bitcoin reserve under the incoming Donald Trump administration.  “I personally support the idea of Bitcoin Standard,” Young Ju said. “However, I question whether the U.S., while continuing to grow as other economies stagnate, would adopt Bitcoin as a strategic asset. For the debate to gain serious momentum, the U.S. would need to see its global economic dominance genuinely threatened. At present, market sentiment suggests confidence in the U.S.’s continued supremacy.” Trump, on…

Digital Assets Will Be an Important Part of Mainstream Finance, Says Binance.US CEO

Binance.US expects digital assets to anchor mainstream finance in 2025, despite ongoing legal battles with the SEC that the company says have stifled innovation. Binance.US Interim CEO Reflects on Challenges, Eyes Crypto’s Future in 2025 Binance.US Interim CEO Norman Reed has shared his reflections on the platform’s challenges and growth prospects as 2025 approaches, underscoring […] Source CryptoX Portal

Pepperstone’s CEO Warns of CFD Crypto Exchange Threat

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Pepperstone is witnessing a significant increase in cryptocurrency trading among new clients, while its CEO expresses concerns about competition from crypto exchanges entering the CFD space. Tamas Szabo shared his insights on the evolving dynamics of the financial services sector during an interview with Jonathan Fine at the Finance Magnates London Summit 2024 (FMLS:24). Cryptocurrencies on the Rise Szabo expressed astonishment at the limited crypto adoption by brokers, as evidenced during a panel discussion on market structure. “One of the panelists asked the audience how many were involved in crypto,…

CEO Warns Bitcoin Must Drop To $16,500 To Trigger Collapse

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Este artículo también está disponible en español. MicroStrategy, the business intelligence firm co-founded by Bitcoin bull Michael Saylor, has significantly ramped up its Bitcoin acquisition strategy, surpassing 400,000 BTC in holdings.  However, concerns about the company’s financial stability tied to the Bitcoin price have emerged, particularly from Ki Young Ju, CEO of CryptoQuant. Ju cautioned that while the prospect of MicroStrategy facing bankruptcy is not impossible, it would require an event as unlikely as “an asteroid hitting Earth.” MicroStrategy’s Financial Risks As Bitcoin Price Floor Holds At $30,000 In a…