Bitcoin 

People Who Want to Control Their Capital Buy Bitcoin, Says Circle CEO

Jeremy Allaire, CEO at cryptocurrency financial services company Circle, expressed his optimism in regards to Bitcoin (BTC) being a safe haven for investors despite recent market volatility. On Aug. 19, Allaire voiced his sentiment during the CNBC’s Squawk Box. He explained:  “Clearly, a non-sovereign digital asset like bitcoin is attractive to people who are interested in moving capital into a place where they can control it themselves. That underscores a lot of interest that’s been there over time. It’s the digital gold thesis, and I think a lot of both…

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Bitcoin 

Swiss SIX Digital Exchange CEO Departs Due to ‘Strategic Differences’

The CEO of Switzerland’s SIX Digital Exchange (SDX), the cryptocurrency-focused arm of the the country’s principal SIX Swiss Exchange, is departing the company, local news outlet SwissInfo reported on Aug. 14.  CEO departs before SDX launch Martin Halblaub will step down after eight months into his job when his contract expires at the end of August following disagreements on how the trading platform should be run.  Halblaub reportedly wanted SDX to launch as an independent company, while the board of the parent company — SIX Group — disagreed. He commented…

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Ethereum 

IOHK CEO Charles Hoskinson Announces Upcoming Release of Cardano v1.6

Charles Hoskinson, a former CEO of the Ethereum Network and current CEO of IOHK, has announced that IOHK-supported project Cardano is rolling out version 1.6 within a few days’ time. Hoskinson teased the upcoming launch in a Twitter post on Aug. 13. Hoskinson also asked users to send screenshots and comments on the latest version of Daedalus, which is an open source cryptocurrency wallet also backed by IOHK. As per IOHK’s website, Cardano is a blockchain platform that uses the proof of stake algorithm Ouroboros. Its native cryptocurrency, ADA, is…

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Bitcoin 

‘It’s Fantastic Tech’ — Hedge Funds Will Go Bitcoin, Says Consultancy CEO

Bitcoin (BTC) lets investors hedge against inflation and will endure as part of portfolios, the CEO of consultancy firm Agecroft Partners has told mainstream media.  “It’s fantastic technology” Speaking to CNBC in an interview Aug. 6, Don Steinbrugge praised the cryptocurrency’s technology while discussing nontraditional investments. “It’s been an amazing run, it’s fantastic technology; some people are using it as a way to hedge against inflation,” he told the network. Steinbrugge was speaking within the context of the latest escalation in the trade war between the United States and China,…

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Bitcoin 

Bitcoin.com Appoints New CEO as Roger Ver Leaves Position

Bitcoin.com has appointed Stefan Rust as the company’s new chief executive officer as Roger Ver leaves the post, according to an announcement published on Aug. 2. Rust will continue working on the development of the company’s new products and services that promote peer-to-peer electronic cash. Commenting on the appointment, Rust said: “I’m hugely excited to take on the role of CEO working alongside Roger. Together we can now turbocharge the awesome team and great brand that is Bitcoin.com. […] We will play an integral part in making money work for…

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Bitcoin 

Mt. Gox CEO Mark Karpeles Must Face US Class-Action Lawsuit

District Judge Robert Kelly refused the request of the former CEO of now-defunct cryptocurrency exchange Mt. Gox, Mark Karpeles, to dismiss the U.S. class-action lawsuit against him, industry news outlet Coindesk reports on July 30. Dismissal request rejected Per the report, Karpeles previously filed for the dismissal of the lawsuit alleging that he has hidden issues at the exchange from its users by claiming that the Philadelphia court did not have jurisdiction in the case. An alleged court document of the ruling also indicates that the lawsuit has been initiated…

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Cryptocurrency 

Circle CEO to Testify Before Senate on Blockchain and Digital Assets

Circle co-founder and CEO Jeremy Allaire is scheduled to testify before congress tomorrow as a representative of The Blockchain Association — a business organization comprised of blockchain industry advocates.  Allaire will testify before the Senate Committee on Banking, Housing and Urban Affairs in an open session hearing called “Examining Regulatory Frameworks for Digital Currencies and Blockchain.” In his prepared testimony released on July 29, Allaire is prepared to discuss a number of relevant issues, including identity, privacy, data security, domestic and international approaches to regulation, as well as the potential…

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Cryptocurrency 

Bitcoin No Longer Desirable Option for Criminals, Says CoinCorner CEO

Gary Davis was sentenced to 6.5 years in prison for helping manage the now-defunct darknet marketplace Silk Road. The 31-year-old Irish man, who was extradited to the United States, had served as Silk Road forum moderator between May and June 2013 before working as a site administrator between June 2013 and Oct. 2, 2013, according to a report by Irish independent radio station Newstalk on July 26. According to U.S. officials, Silk Road operated over 1.5 1.5 million transactions with a total value of more than $213 million between January…

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Bitcoin 

Kraken Installs Crypto OTC Guru as CEO of Bitcoin Futures Platform

United States cryptocurrency exchange Kraken has hired the ex CEO of over-the-counter (OTC) trading platform B2C2 to head its new Bitcoin futures operation. Kevin Beardsley, who previously led the United Kingdom-based company for a year, will now oversee Kraken Futures’ expansion as volumes hit $2.5 billion in June.  Beardsley confirmed the news linking to comments he made to cryptocurrency news outlet The Block.  “Being a pretty wide range of different types of participants, I have a pretty good understanding of what people are looking for and how to meet those…

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