Tag: CEO

Emurgo to invest and fill 21 areas ‘missing’ from Cardano: Emurgo CEO

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Decentralized identities and layer-2 solutions are some of the “gaps” in Cardano that the Emurgo team is working to fill, according to its founder and CEO.  Cointelegraph Magazine editor Andrew Fenton spoke with Ken Kodama, the founder and CEO of Emurgo — which is one of the three entities governing Cardano. Kodama talked about shifting their current approach into a venture studio model to fill 21 categories that they believe are “missing from Cardano” when compared to other leading blockchains. According to Kodama, there are two key approaches to fill…

Coinbase to integrate Bitcoin Lightning network: CEO Brian Armstrong

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Crypto exchange Coinbase has confirmed its decision to integrate layer 2 payment protocol Lightning Network as users seek faster and cheaper Bitcoin (BTC) transactions.  Lighting Network (LN) was created to help solve Bitcoin’s scalability problem and to compete against newer cryptocurrency projects that promised comparatively faster and cheaper transactions.  Up until recently, major crypto exchanges, including Coinbase and Binance, revealed no intent to adopt the layer 2 solution as many community members argued that NL integration offered fewer incentives for exchanges’ income. The team did a great job digging into…

US ‘the only country’s crypto startups should avoid, says Ripple CEO

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The United States is one of — if not the worst — place to launch a cryptocurrency startup in the world right now, according to Ripple CEO Brad Garlinghouse, whose firm is in a legal battle with the U.S. securities regulator. “The only country I would not encourage you to start a company right now is in the U.S.,” Garlinghouse said on a Sept. 12 panel at Token 2049 in Singapore. The Ripple boss wants the U.S. to take note from the likes of Singapore, the United Kingdom, the United…

Binance.US cuts third of staff as CEO Brian Shroder leaves: Report

Binance.US, the United States arm of the crypto exchange has reportedly cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm. On Sep. 13, Bloomberg reported, citing a Binance.US spokesperson, that Shroder was replaced on an interim basis by chief legal officer Norman Reed. Shroder joined Binance.US in September 2021 and his departure comes amid a slew of regulatory actions taken against the firm in recent months. Related: Binance’s Richard Teng denies FTX comparisons: ‘We welcome the…

Binance.US cuts third of staff as CEO Brian Shroder leaves

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Binance.US, the United States arm of the crypto exchange has cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm. A Binance.US spokesperson confirmed the layoffs and Shroder’s departue to Cointelegraph, adding it took the actions to give the exchange “more than seven years of financial runway” amid its move to a crypto-only exchange. “The [Securities and Exchange Commission’s] aggressive attempts to cripple our industry and the resulting impacts on our business have real world consequences for…

Binance.US CEO Has Left, Crypto Exchange Cuts 1/3 of Workforce

“The actions we are taking today provide Binance.US with more than seven years of financial runway and enable us to continue to serve our customers while we operate as a crypto-only exchange,” the company said in a statement. “The SEC’s aggressive attempts to cripple our industry and the resulting impacts on our business have real world consequences for American jobs and innovation, and this is an unfortunate example of that.” Source

Former Celsius CEO Mashinsky seeks dismissal of FTC case

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Alex Mashinsky, the founder and former CEO of now bankrupt crypto lender Celsius, filed a new motion in court seeking the dismissal of the Federal Trade Commission (FTC) case against him “in its entirety.” The legal counsel for the former Celsius boss argued that the allegations against their client do not support the claim that he knowingly made a misstatement to “fraudulently obtain customer information from a financial institution.” According to the lawyers, the accusations do not meet the standards for a claim under the Gramm-Leach-Bliley Act (GLBA). This 1999 law…

UK Information Commissioner and NCSC CEO sign Memorandum of Understanding

The UK Information Commissioner, John Edwards, and the Chief Executive of the National Cyber Security Centre (NCSC), Lindy Cameron, have today signed a joint Memorandum of Understanding (MoU) that sets out how both organisations will cooperate. The MoU recognises that whilst both organisations have distinct responsibilities, there are opportunities to align work on some shared issues and deconflict on others. These include cooperation on the development of cyber security standards and guidance as well as influencing improvements in the cyber security of organisations regulated by the Information Commissioner’s Office (ICO).…

Crypto CEO Bags Record Breaking Prison Sentence For $2 Billion Theft

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Former CEO Faruk Fatih Özer of the bankrupt Turkish crypto exchange Thodex has been given a record-breaking prison sentence for stealing $2 billion in customer funds. Crypto CEO Sentenced To 11,196 Years Prison Sentence On Thursday, September 7, 2023, the former CEO of Thodex, which was one of the biggest cryptocurrency exchanges in Turkey, was reportedly sentenced to 11,196 years, 10 months, and 15 days in prison for several criminal charges including fraud, leading a criminal organization, and money laundering by the Anatolian 9th Heavy Penal Court. The former CEO…

Ex-Algorand CEO Kokinos Named to Run Successor of Crypto Lender Celsius

“Steve has been a serial entrepreneur and investor for over 25 years, founding and operating companies ranging from internet infrastructure, cloud software, communications, and crypto,” according to a brief resumé included in the court documents, which described him as the proposed CEO of the Delaware corporation, as yet unnamed but referred to in the filings as NewCo. Source