Square CEO Jack Dorsey says Bitcoin holds the keys to security

The Oslo Freedom Forum, an event-based entity under the wing of the Human Rights Foundation, or HRF, digitally hosted Square CEO Jack Dorsey for a quick interview on YouTube. During the engagement, the CEO spoke positively of crypto’s largest asset, Bitcoin (BTC).  “The whole spirit of Bitcoin, for instance, is to provide a trusted system in a distrusted environment, which is the internet,” Dorsey told host and HRF president Thor Halvorssen in an interview, published on Sept. 25.  Dorsey’s comment came in the midst of a discussion on security and…

New Loom Network CEO clarifies concerning information published by former employee

One of Loom Network’s former employees recently leaked information about the company’s Kickstarter-funded game, Relentless (also called Zombie Battleground). The leak alleged that the project, and potentially the entire Loom Network, were no longer actively being developed. The former employee, who has not worked for the company in over a year, claimed that the issues largely stemmed from Loom’s former CEO, Matthew Campbell. Campbell left Loom in Feb. 2020, and was replaced by a new CEO. “Dilanka accessed our Kickstarter account without authorization and sent out that rambling update,” Vadim Macagon, the…

Chinese state-endorsed public chain to act as a global DeFi bridge, says Conflux CEO

Conflux Network, a permissionless blockchain project which is endorsed by the Chinese state, told Cointelegraph on Sept. 22 that the project has officially launched its Tree Graph Research Institute with the Shanghai government.  According to Fan Long, CEO of Conflux, the Tree-Graph Blockchain Research Institute will experiment with local states to build a regulatory compliance platform that can bridge global DeFi applications and government regulations. He added that:  “DeFi is a new world and while it appears as though it may pose a challenge for regulators, they appear willing to…

MicroStrategy CEO could ‘liquidate $200M in Bitcoin on Saturday’

Michael Saylor has said that all $400 million of business intelligence firm MicroStrategy’s Bitcoin reserve holdings could be liquidated at any time. In a Sept. 22 interview, Saylor told Bloomberg that although “volatility isn’t really a reason to sell,” he would not hesitate to dump MicroStrategy’s 38,250 Bitcoin (BTC) at a moment’s notice if an alternative asset’s yields were to jump. Selling such a large amount of the crypto asset could easily cause a significant price drop, as happened in June when whales reportedly caused the price of Bitcoin to…

Binance.US CEO calls companies not integrating crypto ‘ignorant’

Catherine Coley, the CEO of crypto exchange Binance’s United States branch, says adopting crypto may be one of the only ways for businesses to be “pandemic resilient” going forward. In a Sept. 21 interview with Joe Weisenthal and Tracy Alloway on Bloomberg’s Odd Lots podcast, Coley said crypto had the ability to offer “uses beyond speculation” wherein investors could engage in e-commerce transactions, drive new businesses, and other real-world applications like mortgages: “If you’re building a company in the next five years and you do not consider digital assets as…

MicroStrategy CEO seems to embrace Bitcoin maximalism

MicroStrategy’s decision to use Bitcoin as its primary reserve currency has Michael Saylor seemingly favoring the asset over altcoins. In a Sept. 20 tweet, the business intelligence company’s CEO stated that he considers Bitcoin (BTC) to be a crypto asset network, unlike tokens like Ethereum (ETH) or stablecoins, which he referred to as “crypto-application networks.” Posting a chart from analytics site Bitcoin Dominance, the CEO claimed that the coin’s dominance “has advanced from a low of 71.05% on December 20, 2017 to 93.57% today.” When considering network dominance in the…

DeFi right now is like ‘trying to fly to the moon in a cardboard box’ — Diginex CEO

The decentralized finance, or DeFi, sector of the crypto industry has been bursting with exuberance, innovation, and speculation in recent months. The niche is still very much in its infancy, however, according to Richard Byworth, CEO of digital finance company Diginex. “I do believe that DeFi is the future potentially down the road,” Byworth said in an interview with Morgan Creek Digital co-founder Anthony Pompliano, posted on Sept. 18. “But it’s very early,” he added, elaborating: “It’s like trying to fly to the moon in a cardboard box — I mean, you’re…

OKEx CEO slams Binance’s Changpeng Zhao for promoting questionable DeFi projects

OKEx CEO Jay Hao called out Binance and its CEO Changpeng Zhao for their recent support of certain DeFi projects. He also claimed that Binance Smart Chain, or BSC, is highly centralized, noting that it is wholly controlled by a single team. According to Hao, BakerySwap, built on BSC, collapsed after only 12 hours, leading to protests in China and elsewhere: Source: Twitter. Today’s thread follows up on a series of tweets from September 15, in which the OKEx CEO condemned Zhao and his fellow Binance co-founder, Yi He, for their…

MicroStrategy’s CEO reveals the company’s surprising Bitcoin buying strategy

Mainstream business intelligence behemoth MicroStrategy has made a number of headlines in recent days for its initial $250 million Bitcoin (BTC) investment. The company later poured a subsequent $175 million into the asset — a lengthy endeavor totaling almost 100 hours of work.  “To acquire 16,796 BTC (disclosed 9/14/20), we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each 3 seconds,” MicroStrategy CEO Michael Saylor said in a Sept. 18 tweet. Approximately “$39,414 in BTC per minute, but at all times we were ready to purchase $30-50 million in…

MicroStrategy CEO says ‘Bitcoin scales just fine as store of value’

Bitcoin (BTC) as a store of value “scales just fine,” the CEO of the company that just purchased 38,250 BTC has said. In a tweet on Sep. 17, Michael Saylor revealed more information about MicroStrategy’s dramatic launch into Bitcoin. Saylor praises Bitcoin as a scalable store of value Continually making the headlines since its first buy in August, MicroStrategy has now swapped over $400 million of spare capital from USD to BTC. An interview between Saylor and Morgan Creek Digital co-founder, Anthony Pompliano this week underscored his commitment, having previously…