Digital Assets Data CEO Weighs in on Bitcoin’s Mining Difficulty

Recent findings from analytics company Digital Assets Data show miners hanging on to their Bitcoin (BTC).  “Rolling MRI (Miner’s Rolling Inventory) has declined significantly since the halving, meaning that miners are holding onto more BTC than they are mining, despite the (presumed) increased costs of the added hash power to the network,” Digital Assets Data CEO and co-founder Mike Alfred told Cointelegraph on June 18.  Image courtesy of Digital Assets Data Bitcoin difficulty pushing network highs The network mining difficulty of crypto’s largest asset recently surged to unusual heights. This…

Second US Stimulus Package Could Drive Bitcoin Higher, Says OKEx CEO Jay Hao

Jay Hao, the CEO of crypto exchange OKEx, suggests that a second United States stimulus plan could result in Bitcoin’s (BTC) price growing further. In his June 22 LinkedIn post, Hao explained that since the first $2.2 trillion stimulus bill was signed in late March, Bitcoin surged by around 58% from $6,580 to $10,400. He cited a recent Bloomberg article which reports that Trump administration officials expect to spend another $1 trillion to stimulate the American economy amid the coronavirus crisis: “Will the second stimulus check continue to drive Bitcoin…

Resigned Wirecard CEO Detained by Police as $2.1B Fraud Threatens Company

The former chief executive officer of Wirecard, a German fintech company, has been detained by Munich police after being charged with misrepresenting the company’s balances. As reported by Reuters and many others, Markus Braun, who led the company for the better part of two decades, has been arrested by police in Munich, Germany. According to a statement issued by the prosecutor’s office, he is accused of having conspired to inflate assets and total revenue through false transactions with “third-party acquirers.” This was done to make the company appear more attractive to…

Let’s Not Make a New ICO Bubble Out of DeFi, Says Waves CEO

Decentralized finance’s (DeFi) surging popularity might backfire and hurt the forward-looking sector, Waves Association founder Sasha Ivanov told Cointelegraph in a recent interview. Ivanov compared DeFi to the 2017 ICO craze in a tweet earlier today, saying, “Please let’s not make a new ICO bubble out of #DeFI.” When asked to elaborate on his statement, the CEO noted that he strongly believes in DeFi, but is worried about the hype surrounding it:   “DeFi is the future, but it’s going to be coming through a bubble part of the cycle…

SBI Ripple Asia CEO Expects Greater ODL Expansion into Asia by 2021

Asia may be the next proving ground for crypto firm Ripple to reach with its cross-border payments corridor. In a June 18 interview on the YouTube channel Thinking Crypto, Adam Traidman, CEO of SBI Ripple Asia—a subsidiary of Japanese financial services giant SBI Holdings—Ripple has started to roll out its On-Demand Liquidity (ODL) solution in Asia.  According to Traidman, SBI Ripple Asia has started “limited trial and pilot projects” with various companies for Ripple’s payment corridor, with greater expansion forecast for 2021. “I expect that probably later this year, and…

Bitcoin Bull Market Will Resume by Mid-July, Asserts CryptoQuant CEO

Bitcoin is consolidating in an $8,600-$10,000 trading range since April 30, 2020. The sideways momentum has led the cryptocurrency’s volatility to its lowest since October 2019. With risks of a negative breakout looming, one top analyst sees Bitcoin resuming its bull market by mid-July. Bitcoin repeatedly failed to sustain its break above $10,000. At the same time, the cryptocurrency maintained its bullish bias by holding $8,600 as its crucial support level. The well-balanced battle between bears and bulls has left Bitcoin inside a consolidation area. Traders purchase the asset anywhere…

Telegram CEO Says Global Resistance to Tech Bans Is ‘Just Getting Started’

Russia’s decision to lift its two-year Telegram ban is going to mark the beginning of a broader movement to protect privacy-focused apps like Telegram, the company’s CEO says. Pavel Durov, founder and CEO of Telegram, issued a statement in response to Russian authorities officially terminating the ban on the messaging app in the country last week. Telegram’s progress in Russia to help other countries In a June 21 Telegram post, Durov said that the company will not rest on its laurels, and is planning more efforts to support Telegram in…

Phemex CEO Explains Spot Trading Vs. Derivatives Trading — and more!

On June 17th, Phemex co-founder and CEO Jack Tao participated in a live “ask me anything” session on Cointelegraph’s YouTube channel. The discussion explored trading the spot market versus trading the derivatives market — and much more.  The audience also asked about why crypto finance is different from traditional finance, what it takes for a blockchain project to get listed on an exchange, and how Phemex is separating itself from other exchanges with its zero-fee spot trading membership. Click here to watch the full discussion! 11 year vet Tao is…

Hedge Funds, Retail Investors Bought the Dip — Kraken CEO Jesse Powell

According to Kraken crypto exchange CEO Jesse Powell, there has been a massive influx of new accounts from all types of investors. The trend coincides with Bitcoin’s (BTC) strong recovery from $3,600 to over $9,000. Powell’s statement aligns with similar observations made by Coinbase earlier this year when the exchange also saw a surge in demand when Bitcoin price dropped to $3,596 on March 12. Coinbase observed increased demand in March. Source: Coinbase Blog Data shows the demand from both retail and institutional investors has increased continuously since mid-March and…

Binance CEO CZ Explains Why He Disabled Twitter Comments

Known for his social media-involved leadership of crypto exchange giant Binance, CEO Changpeng Zhao, or CZ, said he disabled Twitter comments on his posts to weed out the scammers.  “To better respond and engage,” CZ told Cointelegraph he partially disabled the ability for the public to comment on his tweets. “This is a new feature from Twitter,” CZ said on June 11. “It seems it’s only rolled out to a small percentage of people.” Social media holds crucial in crypto As an industry based primarily on digital technologies, much of the…