Tag: Firm

Ripple’s lead engineer to exit after nearly a decade with the firm

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Ripple Labs’ director of engineering Nik Bougalis is exiting the firm after nearly 10 years, becoming the latest of crypto’s long-time serving executives to depart from the space.  In an Oct. 22 tweet, Bougalis noted that: “my decade-long journey at Ripplehas been a fantastic (if exhausting and all-consuming) one. I got to work on a project that I love, towards a goal I believe in. But that journey will be coming to an end in a few weeks.” “All good things…” My decade-long journey at @Ripple has been a fantastic…

Arca Firm CEO Believes Crypto Winter Has Reached The End, How True Is That?

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In 2018, the cryptocurrency world experienced a crypto winter that saw the value of assets fall below 70-95% of their original value. This period lasted from January 2018 to December 2020. Currently, the crypto market is experiencing another chilly winter with its devastating effects felt on the top market player – Bitcoin. Despite the adoption and market dominance enjoyed by BTC: it still felt the crippling power of the bearish market cycle. Various predictions and speculations by experts relying on past market cycles are all over the place. With the…

JPMorgan Hires Former Executive of Bankrupt Crypto Firm as Head of Digital Assets Regulatory Policy – Featured Bitcoin News

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JPMorgan Chase & Co. has hired bankrupt crypto lender Celsius Network’s former head of policy and regulatory affairs as its new head of digital assets regulatory policy. The move followed JPMorgan CEO Jamie Dimon telling U.S. Congress that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” JPMorgan Chase Hires Head of Digital Assets Regulatory Policy JPMorgan Chase & Co. has hired a new head of digital assets regulatory policy who previously worked at the bankrupt crypto firm Celsius Network, Bloomberg reported Wednesday, noting that a JPMorgan spokeswoman has confirmed the…

$19,000 Holds Firm for Bitcoin – Are We Bottoming Out? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin remains above $19,000, as it could be establishing a floor from $17,600 to around $19,000, before a significant relief rally to the upside. Sell pressure continues to be absorbed, despite the negative macroeconomic news. The report released yesterday by the Bitcoin Mining Council (BMC) has raised some eyebrows, however, as it showed that Bitcoin has seen a 41% increase in energy consumption year-over-year (YoY). This has raised some concerns that regulators could clamp down on crypto mining. Nonetheless, mining…

Eswatini Central Bank Partners With German Firm to Explore CBDC – Bitcoin News

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Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as its partner. An agreement signed by both parties aims to enable them to deepen their “understanding of the practicalities of implementing a CBDC in Eswatini.” Retail CBDC Presents Strongest Opportunity for Adoption The Southern African nation of Eswatini (formerly Swaziland) recently became the latest African country to signal its intention to issue a digital currency, after it was revealed that the…

New Bitcoin-Focused VC Firm Ego Death Capital Raising $30M

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Capital for the fund came from its trio of partners, high net worth individuals, family offices and institutional investors, said Lechuga. Once all of the capital is raised, the fund plans to invest in 12 to 15 companies with an average check size of $1 million to $1.5 million. Half of the fund capital will go toward follow-on investments in the original batch of portfolio companies, according to Lechuga. Original