Tag: CEO

New BitMEX market lets users predict fate of former FTX CEO and Bitcoin ETF

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BitMEX launches its “Prediction Markets”, allowing traders to forecast outcomes of significant events, including the FTX recovery rate and potential SEC approval of spot Bitcoin ETFs. Major crypto derivatives exchange BitMex has expanded its products to include a new offering called Prediction Markets, where traders can predict the possible outcome of real-world events ranging from crypto to traditional finance and make returns from their predictions. BitMEX announced that its new cryptocurrency derivatives product opened for trading on the platform on Sept. 13. Three initial prediction contracts, focusing on subjects currently…

Ripple CEO Brad Garlinghouse Says 80% of the Staff He Will be Hiring Will Be Outside of the US

“You see markets like we have here in Singapore, certainly even what we’re seeing in Hong Kong, the U.K., Dubai, where the governments are partnering with the industry, and you’re seeing leadership, providing clear rules and you’re seeing growth, Garlinghouse said. “And frankly, that’s why ripple is hiring there, 80% of our hiring this year will be outside the United States.” Source

Ripple CEO calls US one of the worst regions for crypto startups

Ripple CEO Brad Garlinghouse says that the United States is one of the worst regions for crypto companies as his company has been struggling with the country’s SEC. Garlinghouse discouraged crypto startups and investors from launching in the US at a Token 2049 panel in Singapore.  Brad Garlinghouse, the CEO of Ripple, calls the 🇺🇸U.S. the worst nation for startups to launch. Garlinghouse says the U.S. should consider implementing #crypto policies from Singapore, the 🇬🇧U.K., the 🇦🇪UAE and 🇨🇭Switzerland. — DeFi UnCut (@DefiUncut) September 13, 2023 Moreover, he added that…

Binance.US CEO Resigns as Company Conducts Another Round of Layoffs

The impact of regulatory challenges on the exchange’s market share has been notable. Binance.US has experienced a substantial decline in its market presence in the United States. Brian Shroder, the CEO of Binance.US, the American arm of the world’s largest exchange, has resigned from his position as the company grapples with mounting regulatory challenges in the United States. According to a company spokesperson, Shroder, who assumed the role of CEO in September 2021, will be succeeded on an interim basis by Norman Reed, the company’s Chief Legal Officer. Binance.US Conducts…

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