Tag: CEO

Former BitMEX CEO Arthur Hayes Says Bitcoin ETFs Could Attract Billions of Dollars

While being bullish on Bitcoin ETFs for the long term, Arthur Hayes expressed bearish sentiments on Bitcoin in January, anticipating a short-term correction of up to 30% in prices. In a recent post on Tuesday, Arthur Hayes, Chief Investment Officer of the family office Maelstrom and former CEO of BitMEX, delves into the allure of Bitcoin (BTC) for investors, citing market inefficiency and its uncorrelated behavior with traditional assets as key factors attracting billions in capital from broader financial markets. As one of the earliest and most notable Bitcoin traders,…

Celsius CEO Requests to Drop Two Charges Linked to Fraud and Manipulation

The court filing contends that the government’s handling of cryptocurrencies creates an inconsistency and contradiction between the second count of commodities fraud and the first count of securities fraud. Legal representatives for former Celsius CEO Alex Mashinsky have filed a motion in federal court seeking the dismissal of charges related to commodities fraud and market manipulation. The motion, filed on January 12 in the United States District Court for the Southern District of New York, urges the judge to drop two felony counts expected to be brought against Mashinsky at…

StarkWare CEO Uri Kolodny Steps Down Due to Family Health Issue

“I remain utterly STARK-pilled, but I’m leaving the CEO post to meet the health needs of my family,” Kolodny said. “The company, and the tech stack it has built, are more advanced after six years than I could have ever dreamed. Led by Eli and the team of 150+ gigabrains, I’m positive that StarkWare will continue to push boundaries of what is possible in scaling Ethereum.” Source

JPMorgan CEO criticizes BTC despite backing BlackRock Bitcoin ETF

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JPMorgan Chase CEO Jamie Dimon reiterated his longstanding skepticism about BTC despite his company’s role in the BlackRock Bitcoin ETF.  Despite the cryptocurrency’s status as the most valuable in terms of market capitalization, Dimon remained unswayed, questioning its intrinsic worth. Under Dimon’s leadership, JPMorgan Chase has been identified as an authorized participant for BlackRock’s newly approved spot Bitcoin ETF, the iShares Bitcoin Trust.  “The actual use cases are sex trafficking, tax avoidance, anti-money laundering, terrorism financing; it’s not just people buying and selling bitcoin. There’s no value if you’re buying…

Better Markets CEO urges SEC to reject spot Bitcoin ETFs

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Dennis M. Kelleher, co-founder and CEO of Better Markets, wants the U.S. Securities and Exchange Commission (SEC) to reject all applications for spot Bitcoin exchange-traded products (ETPs).  In a Jan. 5 letter to the SEC, Kelleher argued that the approval would expose millions of American investors to fraud and manipulation, which the SEC is mandated to prevent, leading to “massive investor harm.” He expressed his fears in the context of a recent report by blockchain security firm Scam Sniffer that revealed more than 324,000 crypto users fell prey to fraud…

$1.3B Loss As Chuck Norris-Endorsed CEO Turns Out To Be Illusion

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In a recent investigation by The Guardian, alarming details have emerged regarding a crypto project, HyperVerse, that allegedly lost $1.3 billion of investors’ funds.  The report reveals that the chief executive officer promoted by the project, supposedly backed by celebrity endorsements including Chuck Norris, appears to be absent. Investigation Exposes HyperVerse Crypto Scam HyperVerse, promoted by Australian entrepreneur Sam Lee and his business partner Ryan Xu, founders of the now-collapsed Australian Bitcoin (BTC) company Blockchain Global, has been scrutinized for its deceptive practices. The project attracted thousands of investors, who…

Crypto doesn’t need a blockchain or token, Tether CEO says

In 2024, the crypto industry needs to provide users with “real-world use cases and applications” that are not necessarily based on a token or blockchain, according to Tether CEO Paolo Ardoino.  “Crypto doesn’t need a blockchain. It doesn’t need a token,” he told Cointelegraph in an exclusive interview. Ardoino argued that the next crypto killer app should be focused on the fundamental value proposition offered by cryptography, which consists of peer-to-peer transactions and privacy protections.  “It could be a booking system or an Uber competitor,” Ardoino explained.  According to the…

Strike CEO Jack Mallers goes all-in on Bitcoin, ditches US dollar

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Strike CEO Jack Mallers, an ardent Bitcoin (BTC) advocate, has announced his move away from fiat currency, opting to go all-in with Bitcoin. In a Jan. 3 X post, Bitcoin enthusiast and visionary Jack Mallers announced his complete divestment from the US dollar, stating, “I no longer own any US dollars. Not even a penny.” I no longer own any US dollars. Not even a penny. As an American millennial, I love our country but I oppose our money. I’m all in on #Bitcoin. Setting my sails toward prosperity or…

OKX CEO named main principles for crypto listing

CEO of the OKX cryptocurrency exchange, Jay Hao, named five basic principles for listing cryptocurrencies on the platform. Jay Hao posted on his X account that many friends are urging him to stake more BRC-20 tokens. However, he explained why this strategy is not suitable for OKX. A lot of friends urging me list more brc-20 tokens. Thanks for these kindly suggestions. I want to clarify, as an exchange if we use the simplest strategy that is just list all tokens, I believe it may help exchange make more quick…