Italy has had its share of economic problems in the past decade and a growing number of its citizens blame the euro for their country’s misfortunes. Italians, many of whom still prefer to use cash, are now turning their attention to cryptocurrencies such as BCH. Federico Pecoraro, the CEO of Chainblock, one of the first crypto companies in the country, thinks it’s the right time to enable more people and businesses to benefit from using decentralized money. He considers bitcoin cash a good candidate to become the world’s digital coin for daily spending.
EY Executive Says Bitcoin Has No Practical Use in India
An EY executive who recently visited India and met with a number of government agencies has voiced his opinion about the future of cryptocurrencies in the country. He believes that bitcoin has no practical use, is just another “foreign” currency, and its widespread adoption could be “very damaging to the global economy.”
Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval
‘No Practical Use’
Paul R. Brody, EY’s Global Innovation Leader (Blockchain), has shared his thoughts on the future of the crypto industry in India after his recent visit to the country. EY is one of the world’s largest professional services firms and one of the “Big Four” audit firms.
Citing Executive Embezzlement, Korean Crypto Exchange Declares Bankruptcy
Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company.
Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $ 26 million as a result of theft and the subsequent bankruptcy declaration. Coinbin’s CEO Park Chan-kyu claimed that the move was “due to a rise in debt following an employee’s embezzlement.”
After the exchange Youbit was hacked to the tune of several million dollars last year, Coinbin acquired it, and now Coinbin’s CEO claims that Youbit’s former CEO used his new position at Coinbin to carry out this theft.
NEO (NEO) to Launch Seattle Office Led by Former Microsoft Executive
NEO Global Development (NGD) is reportedly planning a major U.S. expansion with the launch of a regional office in Seattle headed by John deVadoss, a former Microsoft (MSFT) executive. According to a recent post in NEO News Today, the new NDG facility is representative of NEO’s efforts to establish working relationships with major companies, especially Microsoft. […]
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Former ConsenSys Architect Named Executive Director of the ETC Cooperative
ETC Cooperative, the group responsible for supporting the growth and development of the Ethereum Classic (ETC) protocol, has brought on former Ethereum and ConsenSys developer Bob Summerwill as the foundation’s new Executive Director. Welcome @BobSummerwill to the ETC Cooperative! From Bob himself: “I would like the ETC community to be seen as it actually is, a strongly principled […]
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Executive Shuffle: Bitmain’s Co-Founders Step Back From the CEO Role
Chinese crypto mining giant Bitmain is in the process of naming a new CEO as it continues to shake up and scale down its operations. According to a recent report by the South China Morning Post that cites two inside sources, co-founders Jihan Wu and Micree Zhan, who’ve served as Bitmain’s co-CEOs, are planning to take a step […]
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Andrew Fleming, Former Dow Jones Executive, Joins BTC Inc as Head of Media
BTC Inc, the parent company of Bitcoin Magazine, is excited to announce the hiring of Andrew Fleming to be the new head of its media division. The addition of Fleming to BTC Inc’s management roster is the latest example of an emerging trend of big-name talent leaving institutions in order to join the crypto and blockchain industry.
JPMorgan Executive: “We Are Big Believers in Ethereum”
Australia’s Financial Review recently interviewed JPMorgan’s (JPM) New York-based head of blockchain initiatives, Umar Farooq, who revealed that the bank is a big believer in Ethereum (ETH). This makes sense, as the bank’s blockchain initiative, Quorum, is an enterprise-level distributed ledger protocol based on Ethereum. It is literally a fork of the Go Ethereum client and thus has as […]
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Crypto Startup Ripple Poaches former Google Executive
Ripple Labs has secured the capture of Google’s erstwhile head of rich communications services (RCS), Amir Sarhangi. The startup confirmed to Reuters on Friday that Sarhangi will be joining the Ripple team as Vice President of Products. Prior to his move, Sarhangi led the rollout of a new wireless messaging system at Google after joining the tech
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Former Intel Executive Dr. Jackson He Joins Blockchain Startup Skynet
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GDPR is ‘Kryptonite’ to Google and Facebook, Brave Executive Tells EU
Brave Browser has described how a core principle of GDPR called “Purpose Limitation” can be used to prevent anti-competitive behavior by Google and Facebook. In a recent letter to the EU Anti-Trust Chief Margrethe Vestager, the company offered its submission on the topic of shaping competition policy in the era of digitization. PURPOSE LIMITATION TO
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Ripple Executive Equates XRP to a Natural Resource… What?
The relationship between Ripple and its digital currency, XRP, has been the subject of much debate and confusion. While Ripple is adamant that it functions independently to XRP, it currently holds roughly two-thirds of the total supply. Now, things have become even more complex after a recent tweet by Cory Johnson, Ripple’s Chief Market Strategist, […]
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Coinbase Says Top Executive Adam White Is Leaving the Company

Cryptocurrency exchange Coinbase says Adam White, who leads the institutional platform group, is leaving the company. White was the fifth employee of Coinbase.
A top Coinbase executive, only the company’s fifth employee, is moving on.
According to Bloomberg, Adam White, who is the leader of Coinbase’s institutional platform group, is exiting the company. A Coinbase spokesperson noted via email how it was “extremely sad” to see White leave, but expressed confidence in:
That group’s ability to keep executing on the vision that he laid out to be the most trusted venue for institutional investors to trade cryptocurrencies.
Coinbase Hires Former Fannie Mae Executive as New Chief Legal Officer
In an ongoing push towards growing its leadership team, digital currency exchange Coinbase has hired a new chief legal officer. Brian Brooks, the former executive vice president, corporate secretary and general counsel of Fannie Mae, will become the company’s top attorney. Brooks has replaced Mike Lempres, who will remain at Coinbase and focus on the company’s […]
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Canadian Executive Accused of Stealing over US$ 5 Million in Cryptocurrency
A senior executive at a Vancouver, British Columbia-based marketing firm allegedly preyed on the ignorance of his employer regarding cryptocurrencies to take off with digital assets worth millions of dollars. In a lawsuit filed by Shair.Com Global Digital Services, the marketing firm accused Jason Arnold, its former chief operating officer, of stealing up to US$ 5.3
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SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’
The Securities and Exchange Commission’s head of the Division of Corporate Finance, William Hinman, stated during the Yahoo All Markets Summit today in San Francisco that cryptocurrencies like BTC and ETH are not securities. Soon after the SEC executive made the statements, cryptocurrency markets saw some gains as BTC rose $ 350 immediately after the news went public.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Trump Signs Executive Order Banning Venezuela’s Petro Cryptocurrency
U.S. president Donald Trump has signed an executive order banning American citizens from using Venezuelan cryptocurrencies. In effect, this means that the petro, recently launched by Venezuelan president Nicolas Maduro, is now illegal in the U.S. The controversial cryptocurrency was widely seen as a means to evade economic sanctions imposed by the U.S. The executive order is the latest move by the Trump administration to cut off Maduro’s funding, and is the first time the U.S. president has been officially linked with cryptocurrency.
Also read: Venezuela Picks FX Platform to Auction Petro ‘Oil-Backed Cryptocurrency’
It’s Official: Former LinkedIn Executive Joins Social Challenge Network Provoco
PROVOCO is proud to announce that Dylan Sharkey, LinkedIn’s former Head of Sales Solutions for the Middle East and North Africa, has joined the advisory team and will play a big role in developing monetization strategies, the company’s business plan, and its performance efficiency.
Dylan Sharkey has more than 15 years experience in managing and advising hyper-growth businesses. Moreover, the development and implementation of his strategies for these organizations were instrumental in helping them scale effectively.