Former CFTC Chairman Gary Gensler believes Facebook’s Libra looks – and should be regulated like – a security.
CoinDesk
Former Ripple Exec to Lead Binance’s US Expansion as New Exchange CEO
The operator of Binance’s upcoming U.S. crypto exchange has hired a former Ripple executive to lead the roll out of the new platform.
CoinDesk
US Regulator Fines and Suspends Former Banker for Mining Bitcoin
By CCN Markets: A former investment banker has been slapped with a fine and a suspension by self-regulatory body Financial Industry Regulatory Authority (FINRA) for mining Bitcoin. According to the regulator, Kyung Soo Kim pursued outside business activity in December 2017 without giving his former employer a written notice. Kim is an ex-employee of Bank of America-owned broker-dealer Merrill Lynch, Pierce, Fenner & Smith Inc. FINRA claims Kim’s bitcoin mining venture was a violation of its rules. The rules prohibit members from serving as an ‘employee, independent contractor, sole proprietor, officer, director or partner of another person’ outside of their
Former Mt Gox CEO Mark Karpeles Announces New Blockchain Startup
Former Mt. Gox CEO Mark Karpeles is dipping his feet back into the crypto industry as he wants to help Japan become a powerhouse within the blockchain economy. The former CEO of the now-defunct exchange told the media on June 5 about his new venture called Tristan Technologies.
Also read: Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement
BitGo Hires Former Wall Street Forex Trading Exec
Crypto custody provider BitGo has hired Nick Carmi, former head of forex trading at a number of Wall Street banks.
CoinDesk
Former Mod Explains R/Bitcoin Censorship and Why He Was Removed
On May 2, the Bitcoin.com podcast series Humans of Bitcoin published an interview with early bitcoin supporter Jason King who became a moderator for Reddit forum r/bitcoin in late 2012. During the interview, King tells podcast host Matt Aaron how the forum r/bitcoin went from a fun area on the web to an environment filled with censorship and manipulation.
Also read: Crypto Community Monitors Bitfinex Wallets and the Strange 6% BTC Premium
Former Obama Tech Officer Raises $3.7 Million for Blockchain SaaS Startup
Led by former Obama White House Deputy CTO Ed Felton, Offchain Labs is the latest startup vying for enterprise clients.
CoinDesk
Former Mt. Gox CEO Mark Karpeles to Appeal Data Conviction
Mark Karpeles, former CEO of the collapsed bitcoin exchange Mt. Gox, is reportedly to appeal his conviction on data manipulation charges.
CoinDesk
Former UBS CEO John Costas Joins Team Secret
Team Secret, an esports organization that fields teams in Apex Legends, Dota 2, Rainbow Six: Siege, Fortnite and Rocket League, announced Wednesday that it has added the former chairman and CEO of UBS, John Costas, to its management team. We are delighted to welcome John Costas, former Chairman and CEO of @UBS, to our leadership team. We have a […]
SludgeFeed
Former Bitmain Employees May Find Refuge in a Spinoff Startup Called Matrix
According to regional reports, members of Bitmain Technologies and other connected subsidiaries like Copernicus are starting an offshoot company called Matrix. It is not officially known yet just what Matrix will do but some sources allege that the new spinoff will offer cryptocurrency lending services, an over-the-counter (OTC) desk, and custody solutions.
Also read: Survey Shows Consumers and Investors Remain Bullish on the Future of Cryptos
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. […]
SludgeFeed
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 […]
SludgeFeed
Exclusive: Markets Will Take Time to Digest 2018 ‘Crypto Meltdown’, Says Former Morgan Stanley MD
By CCN.com: Patrick Springer spent 20 years working for Morgan Stanley as an investment specialist. Specifically, his job was to help institutional investors make informed decisions in global equity markets. Now, despite the bitcoin market meltdown, he’s flung himself headlong into crypto becoming an advisor for Polybird Exchange. Why? Because “it’s important for people to challenge
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Bitcoin Fraudsters Use NZ’s Former PM John Key in Endorsement
John Key, former New Zealand Prime Minister, is the latest in a line of notable individuals involved, albeit unknowingly, in a cryptocurrency scam. Bitcoin fraudsters are using the image of John Key promoting a Bitcoin scam. According to a report in Stuff.co.nz, the ad was designed for a company known as Crypto Revolt. So far,
The post Bitcoin Fraudsters Use NZ’s Former PM John Key in Endorsement appeared first on CCN
Former Wall Street Investor: Big Chance Crypto is Best Performing Asset in 2019
Travis Kling, a former Point72 Asset Management executive, a hedge fund that oversees $ 12.4 billion in assets, said that there is a big chance crypto becomes the best performing asset in 2019. The Ikigai Fund founder made the case that cryptocurrencies were never present during a proper bear market in traditional finance and the decline
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Former Mt. Gox CEO Says He Is Sorry But Maintains His Innocence as Trial Closes
Mark Karpeles, the former chief executive officer of the now-defunct Mt. Gox, has reportedly apologized for the losses that led to the demise of the cryptocurrency exchange. However, the embattled Frenchman insisted on his innocence regarding charges of embezzlement in closing arguments during his trial in Tokyo on Dec. 27.
Also read: Wine Retailer to Buy Majority Stake in Japanese Bitcoin Exchange for $ 30M
Sorry But I’m Not Guilty, Says Karpeles
Karpeles is facing charges of transferring $ 3 million of client funds to his own account for investment in a software development business. According to prosecutors, who are pushing for a 10-year jail term, the ex-CEO falsified Mt. Gox’s trading system to make customer balances appear healthier than they in fact were.
Former IMF Economist Mark Dow Closes $14K BTC Short
Mark Dow, a hedge fund manager and former International Monetary Fund economist, has publicly announced that he has closed his BTC short position. Based on his blog, it appears that Dow likely entered the trade when BTC was trading at around $ 14,000.
Also Read: Canadian Crypto Exchange Coinsquare Now in 25 European Countries
Mark Down Closes Out BTC Short
Earlier this week, Mark Dow took to Twitter to announced that he had closed his BTC short position in its entirety, posting: “Today I say goodbye to the bitcoin short. Sad!”
Newsflash: Japanese Prosecutors Want Former Mt Gox CEO Jailed for 10 Years
The former CEO of the now-defunct bitcoin exchange Mt Gox, Mark Karpeles, could face up to decade in prison if prosecutors have their way. According to the Nikkei Asian Review, prosecutors are seeking a 10-year jail term for Mark Karpeles for embezzlement. Among the claims made by prosecutors at the Tokyo District Court include the
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Former Israeli Prime Minister Calls Cryptocurrencies a ‘Ponzi Scheme’
Ehud Barak served as the prime minister of Israel from 1999 to 2001. These days he makes a lot of money as an investor and co-founder of startup companies in such fields as cyber espionage and cannabis. However, he seems to think that investing in cryptocurrency is less legitimate.
Also Read: The Daily: Asus Wants to Turn Gamers Into Miners, Wyoming Advances Crypto Bank Bill
Bitcoin is a Ponzi Scheme, Says Former Israel Prime Minister Ehud Barak
Former Israeli Prime Minister Ehud Barak praised blockchain as an important technology but thinks bitcoin is a Ponzi scheme that should be avoided. Barak — who was prime minister from 1999 to 2001 — made the remarks at the Globes Most Promising Startups event in Tel Aviv, Israel. Barak recently invested in, and became chairman of, the medical cannabis
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