Binance U.S. May Go Public, CEO Says

Key Takeaways Changpeng “CZ” Zhao has said Binance’s U.S.-based division is considering an IPO. The update from the exchange’s CEO comes amid a wave of regulatory warnings over the exchange’s practices. Zhao has said that the exchange will ensure it complies with regulators. Share this article Speaking at an online event Friday, Binance CEO Changpeng Zhao said Binance U.S. was “looking at the IPO route.”  Binance U.S. Considering IPO  Binance U.S. may list shares on a U.S. exchange through an initial public offering in the near future.  Changpeng “CZ” Zhao,…

Crypto is an ‘untested asset category,’ says UBS CEO Ralph Hamers

Ralph Hamers, CEO of Swiss bank UBS, has said he does not fear missing out on crypto. Speaking to Bloomberg on Tuesday, Hamers said, “Clients are looking at different alternatives, and they hear about crypto, and there is a bit of a fear of missing out as well. They read it in the papers, but they also see the volatility.” Commenting on the bank’s approach to providing exposure to crypto for its wealth management clients, the UBS CEO stated: “We don’t offer it actively […] We feel that crypto itself…

Osprey Funds CEO says US will approve Bitcoin ETF in 2022 ‘at earliest’

The CEO of Osprey Funds — the issuer of over-the-counter Bitcoin trust OBTC —isn’t holding his breath for a Bitcoin (BTC) exchange-traded fund (ETF) approval in the United States this year. Speaking to Yahoo Finance’s Jared Blikre and Seana Smith on July 19, Greg King said he believes that the U.S. Securities and Exchange Commission (SEC) under the leadership of Gary Gensler has so many things on its plate in 2021 that a BTC ETF approval is unlikely to make the cut. King recalled the hype in the crypto industry surrounding…

Grayscale ‘100% committed’ to turning GBTC into Bitcoin ETF — CEO

The head of crypto investment giant Grayscale believes that only a “couple of maturation points” separate the United States from its first Bitcoin (BTC) exchange-traded fund (ETF). Speaking to CNBC on July 19, Michael Sonnenshein reiterated that a U.S. ETF is a matter of “not ‘if,’ but ‘when.’” Sonnenshein: “If, not when” for U.S. Bitcoin ETF  Regulators currently have 13 ETF applications under consideration, and the U.S. lags behind neighboring Canada when it comes to giving them the green light. Years of applications and rejections have gone by, and some…

Coinbase CEO Tells Dogecoin Creator Bitcoin Made “Many People Wealthy”

Key Takeaways Dogecoin co-founder Jackson Palmer called cryptocurrencies “inherently right-wing” in a lengthy tirade this week. Coinbase CEO Brian Armstrong responded, highlighting how crypto has created wealth and equality of opportunity. The comments from Palmer and Armstrong form part of a larger debate on the ideology of cryptocurrencies. Share this article Coinbase CEO Brian Armstrong has responded to Dogecoin creator Jackson Palmer’s recent slam on the cryptocurrency space. Coinbase CEO Defends Crypto Questions over the ideology of cryptocurrencies have sparked debate on Twitter. In a Wednesday tweet storm, Dogecoin co-founder…

Crypto offers more freedom, Coinbase CEO responds to DOGE creator

Brian Armstrong, co-founder and CEO of Nasdaq-listed cryptocurrency exchange Coinbase, took to Twitter to respond to a recent attack on crypto by Dogecoin (DOGE) co-creator Jackson Palmer. In a Twitter thread on Thursday, Armstrong pointed out some of the biggest benefits of cryptocurrencies like Bitcoin (BTC), stressing that crypto is “simply providing an alternative for people who want more freedom.” The CEO emphasized that one’s stance on the crypto industry depends on a perspective, elaborating that people who want more control from financial regulators are free to enjoy the traditional…

DoubleLine CEO sees Bitcoin buy moment at $23K, predicts US dollar will drop ‘pretty substantially’

Jeffrey Gundlach, the CEO of investment management firm DoubleLine, implied that Bitcoin could see more favorable activity in the long term than that of the U.S. dollar. In a Wednesday interview on CNBC’s Halftime Report, Gundlach said he believed people would be able to purchase Bitcoin (BTC) for under $23,000 soon given the likelihood of the crypto asset forming a head-and-shoulders trading pattern. He was seemingly referring to a “head” when the BTC price peaked at more than $64,000 on April 13 and the shoulders as the early January surge…

BlackRock CEO Sees “Very Little” Demand for Bitcoin

BlackRock CEO Larry Fink said he is not seeing a huge amount of demand for crypto among long-term investors.  Larry Fink, CEO of investment management firm BlackRock, says that he is seeing low demand for Bitcoin and other cryptocurrencies. Putting Bitcoin in a similar class as retail-driven meme stocks, Fink told CNBC that there is “low interest” for crypto among long-term investors such as retirement funds, pension funds, and IRAs. BlackRock is the world’s largest asset manager, holding almost $10 trillion in assets under management, per a recent announcement. Fink…

BlackRock CEO signals low demand for crypto from long-term investors

BlackRock, an institutional asset manager that has indirect exposure to Bitcoin (BTC), has recorded a major decline in investor demand for cryptocurrency. The company’s CEO Larry Fink declared Wednesday on CNBC’s Squawk Box that BlackRock has been seeing less crypto-related queries from investors recently, signaling a massive drop in demand for crypto. Fink noted that specifically long-term and retirement investors now appear to have less interest in crypto, stating: “In the past, you’ve asked me about crypto and Bitcoin, again. And in my last two weeks of business travel, not…

Binance CEO Addresses Exchange’s Regulatory Troubles

Key Takeaways Binance CEO Changpeng Zhao has published a blog post addressing the recent regulatory crackdown on the exchange. Zhao said that the company has taken significant steps to comply with regulators and is willing to cooperate with authorities in the future. He added that he welcomes regulation as a precursor to mass crypto adoption. Share this article In an open letter, Binance CEO Changpeng Zhao outlined the regulatory progress the exchange has made, its plans for further compliance, and its willingness to cooperate with authorities worldwide.  Binance CEO Welcomes…