Bitcoin-Hating Trump is Standing in the Way of Bakkt CEO Becoming U.S. Senator

Bakkt CEO wants to represent Georgia in the U.S. Senate. President Donald Trump has already signaled his preferred candidate and it’s not the CEO of the Bitcoin futures exchange. Bakkt has been growing from strength to strength in recent weeks. Kelly Loeffler, the CEO of bitcoin futures trading exchange Bakkt, is gunning to be appointed Georgia’s new U.S. Senator by the state’s governor. The only problem: President Trump has other ideas. According to the Atlanta Journal-Constitution, Trump is pushing Georgia’s governor, Brian Kemp, to appoint U.S. House Representative Doug Collins…

PayPal CEO Holds Bitcoin and Only Bitcoin

Dan Schulman, CEO of payment processor PayPal, revealed during an interview that he does indeed own Bitcoin (BTC). On Nov. 20, Fortune reported that PayPal CEO Dan Schulman stopped by its offices where he discussed a variety of topics, including the reason for PayPal’s withdrawal from the Libra Association and whether he is the proud owner of any cryptocurrencies. PayPal was the first to leave Libra Schulman explained that PayPal withdrew from Libra because the company decided to put its attention elsewhere. According to the CEO it was a question…

Uber’s Ousted Founder is Dumping Shares While the CEO Loads Up

Travis Kalanick’s total haul from the sell-off is now nearing $1 billion. Current Uber CEO joins board chair on the buy-side. Uber co-founder Garett Camp now owns more shares than Kalanick. As the co-founder and former CEO of Uber Technologies (NYSE: UBER) Travis Kalanick cuts his stake in the ride-hailing firm, the current CEO Dara Khosrowshahi is increasing his shareholding in the company. An SEC filing posted on November 20th shows that Khosrowshahi acquired 250,000 shares of Uber on Monday, November 18th. This brings his total stake, including stock awards,…

PayPal CEO Hodls Bitcoin and Only Bitcoin

Dan Schulman, CEO of payment processor PayPal, revealed during an interview that he does indeed own Bitcoin (BTC). On Nov. 20, Fortune reported that PayPal CEO Dan Schulman stopped by its offices where he discussed a variety of topics, including the reason for PayPal’s withdrawal from the Libra Association and whether he is the proud owner of any cryptocurrencies. PayPal was the first to leave Libra Schulman explained that PayPal withdrew from Libra because the company decided to put its attention elsewhere. According to the CEO it was a question…

BnkToTheFuture CEO: 50 Percent of Funding Will Be Through Security Tokens in 2020

Online investment platform BnkToTheFuture will expand its security token offering (STOs) business to the U.S with an investment in a Securities and Exchange Commission-licensed broker dealer. Announced in a Nov. 7 statement to investors, BnkToTheFuture acquired an undisclosed stake in BMI Capital International’s holding company, which enables the lending platform to offer STOs to the U.S. market. In an email to CoinDesk, BnkToTheFuture CEO Simon Dixon said: “We forecast by 2020 up to 50 percent will opt for an innovative security token that improves the potential for returns for investors…

Chinese Police Hold MicroBT CEO Allegedly Over Dispute With Bitmain

The founder of Bitcoin mining rig manufacturer MicroBT is being held as of Nov. 8 by Shenzhen Police to assist in an investigation, according to a local news source. Police are likely to be questioning Zuoxing Yang over allegations of intellectual property infringement regarding the technology of Beijing-based Bitmain. Previous allegations of patent infringement Yang previously worked at Bitmain as processor design director, and developed the Antminer S7 and S9 models. Allegedly unhappy after talks over stock options fell through, Yang left, and raised $20 million to found MicroBT. In…

WATCH: Binance CEO CZ Says Crypto Exchange Is No ‘Outlaw’

MOSCOW – If you’re looking to hide money from the authorities, don’t choose Binance, says CEO Changpeng Zhao (CZ). The cryptocurrency exchange mogul sat down to talk with CoinDesk’s Anna Baydakova during his recent visit to Russia. Our conversation – over 80 minutes long – touched on everything from custody to security to the crypto exchange’s plans for Eastern Europe and Russia. During the interview, CZ rejected the popular perception of Binance as a global crypto pirate. “There is a common misconception that Binance is kind of an outlaw, that we don’t work with…

Bitcoin Price Will See $16,000 ‘Soon-Ish,’ Predicts Binance CEO CZ

Changpeng Zhao, the CEO of major cryptocurrency exchange Binance, says a price of $16,000 per Bitcoin will happen “soon-ish,” in a tweet sent on Nov. 1. Zhao explains that price predictions are easy, but getting the timing right is hard.  He said: “Lol, price predictions are easy. It’s just hard to be right about the timing. We will see $16k soon-ish. 1.4 billion people working on it as we speak.” The message was an answer to the tweet of another user who pointed out that the prediction of an anonymous…

CEO Of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet

Tawanda Kembo, the founder and CEO of the Zimbabwean cryptocurrency exchange Golix, claims to have lost the password to one of the exchange’s Bitcoin (BTC) cold wallets. On Nov. 1, local news daily iHare reported that the CEO of Zimbabwe’s first cryptocurrency exchange allegedly lost the password in May of last year. IHare wrote that the “password fiasco” was confirmed by two separate sources familiar with the matter.  CEO loses access to 33 Bitcoins The story of the lost password follows reports that financial regulators at the Reserve Bank of…