Dash Bears Aim at $105 As CEO Criticize Bitcoin (BTC)

Dash slides 28.2 percent Bitcoin is flawed as a medium of exchange Ryan Taylor, the CEO of Dash, opines that Bitcoin is flawed as a payment solution. As a result, Dash is solving BTC’s shortcomings. However, that is not enough to tame bears. Dash is down 28.2 percent in the last week. Dash Price Analysis Fundamentals The cryptocurrency payment space is saturated with projects aiming to dislodge Bitcoin. Of the many, Dash is perhaps one of the leading contenders. In the past few years, the coin’s use in Venezuela is…

Waves CEO Sells His Stake in Blockchain Spin-Off Vostok

Founder of token issuance platform Waves has fully sold his stake in the firm’s blockchain spin-off Vostok to focus on the Waves Platform. Alexander Ivanov, CEO and founder of Waves, sold his stake in the Vostok, with global financial group GHP Group becoming the sole owner of the project, according to a press release on July 16. Ivanov said that he decided to sell the Vostok project in order to focus the resources on the development of the Web3 ecosystem within the Waves Platform. Mark Garber, Chairman of the Board…

CEO of BitFunder Exchange Gets 14 Months in Prison for Fraud, Obstruction

Jon Montrol, the operator of defunct bitcoin-denominated trading platform BitFunder and WeExchange deposit service, was sentenced for securities fraud and obstruction of justice, according to a statement from the Southern District of New York. Montrol, of Saginaw, Texas, also known as Ukyo, will serve 14 months in prison for defrauding investors of his “Ukyo.Loan” scheme, transferring funds without investor’s knowledge or consent, and lying to Federal Bureau of Investigation (FBI) and Securities Exchange Commission (SEC) agents during their investigation. In July 2018, Montrol pleaded guilty for such activities. Manhattan U.S.…

BitMEX CEO Says Facebook Libra Will Make Banks ‘Dumb Nodes’

Facebook’s Libra payment protocol could make central and commercial banks irrelevant, but PayPal has no future anyway, the CEO of derivatives giant BitMEX thinks. Arthur Hayes made the comments in a new interview with Taiwanese news network BlockTempo TV on July 9. Speaking during this year’s Asia Blockchain Summit (ABS), Hayes made grim forecasts for both banks and fiat-based payment networks.  Libra, which saw its whitepaper release last month but has yet to launch, has drawn both praise and criticism from across the international economy.  For Hayes, participants who should…

Parabolic Bitcoin Headed for $30,000, Predicts Morgan Creek CEO

The bitcoin price is once again trading above the $12,000 level, and the current market cycle could take the price to a new all-time high. Morgan Creek Capital Management CEO Mark Yusko was featured on CNBC, where he emphasized that bitcoin is the best-performing asset since October 2018 by a long shot. “I think we’re in the next parabolic move. That will take us probably into the $30,000 level before we get another little correction.” He points out that the bitcoin price has soared 70 percent since October 2018, while…

Former Bitmain CEO Opens New Cryptocurrency Startup

The former CEO of Bitmain, one of the largest bitcoin (BTC) mining pools globally, has launched a crypto-related financial services startup, according to a Bloomberg report on July 8. Following reports on the initiative in early June, Bitmain co-founder and former CEO Wu Jihan officially launched a new crypto trading platform today that purportedly offers over-the-counter (OTC) trading, lending and custody.  Named Matrixport, the Singapore-based firm reportedly hired dozens of former Bitmain employees that were laid off from Bitmain as a result of the bear market of 2018. While Wu…

Circle CEO Hopes Libra’s Unique Needs Trigger Positive Regulation

Jeremy Allaire, co-founder and CEO of payments company Circle, said that Facebook’s Libra will run in a closed-loop permission scheme that has its own requirements for regulation during an interview with Bloomberg released on July 5. During the interview, Allaire pointed out that there are different stablecoin implementations distinct in their regulatory approach. He explained: “There’s a really key difference between stablecoins that run on kind of closed-loop permission schemes — which is how Libra is being proposed today, at least in its initial incarnation — versus stablecoins that can…

‘Release the Tape You Coward’ — Roubini Tells BitMEX CEO After Debate

American economist and professional crypto contrarian Nouriel Roubini has furiously demanded the release of a recording of his latest debate with BitMEX CEO and co-founder Arthur Hayes.  In one of several fulminating tweets posted on July 2, Roubini accused the organizers of the Asia Blockchain Summit in Taiwan of being part of a “mafia hush money racket” and cowing to BitMEX’s censorship by choosing to neither tape nor broadcast his debate with Hayes during the event. One tweet reads: “Another @CryptoHayes scam: he didnt allow the blockchain conference to record our…

Operator of Newly Launched Binance US Appoints Former Ripple Exec as New CEO

The operator of United States-based division of Binance crypto exchange has appointed former Ripple exec as its new CEO, the company officially announced on July 2. BAM Trading Services (BAM), the operator of recently launched Binance US, has hired Catherine Coley, former liquidity management expert at Ripple, to oversee the launch of Binance US and bring BAM’s market to North America. After joining Ripple in 2017, Coley served as Head of XRP Institutional Liquidity, her most recent position prior to Binance US. Coley’s professional experience includes forex exchange (forex) expertise…

Former Ripple Exec to Lead Binance’s US Expansion as New Exchange CEO

The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO. BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America. Prior to joining the firm, Coley was the head of  XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement. Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley…