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Binance CEO CZ Turned Down $40 Million Deal with SBF for Futures Exchange


Binance CEO Changpeng "CZ" Zhao turned down a $40 million offer from former FTX CEO Sam Bankman-Fried in March 2019 to create a cryptocurrency futures exchange.  At the time, Binance was primarily a spot crypto exchange, and the idea of a futures-only platform was a deviation from its existing...

Exclusive: India Will Be Core Hub for Web3 Innovation, Says Gemini APAC CEO


In an exclusive interview with CryptoNews, Gemini APAC CEO and Global Chief Technology Officer (CTO), Pravjit Tiwana, shared insights into the company's strategic vision for India as their core hub for Web3 innovation.  Tiwana believes that India will play a pivotal role in leading web3 innovation...

Former Celsius CEO Alex Mashinsky's Criminal Trial Set for September 2024


Former Celsius Network CEO Alex Mashinsky is set to face a criminal trial beginning on September 17, 2024. The trial schedule was confirmed during an October 3 hearing held in the United States District Court for the Southern District of New York, presided over by Judge John Koeltl.  In...

Tesla CEO Elon Musk Calls Fiat Currency a Scam


Tesla and Spacex CEO Elon Musk believes that fiat currency is a scam that is so normalized that we don’t even realize that it’s a scam. Many people share a similar view, including Rich Dad Poor Dad author Robert Kiyosaki, who has frequently cautioned against investing in the U.S....

FTX Heist: Hacker Shifts $51M in Ethereum as Former CEO Preps for Trial 


After the FTX hacker transferred 5,000 ethereum (ETH) valued at $8 million in purloined assets, the cybercriminal shifted an additional 25,000 ether, totaling $43.15 million. Yet, even after relocating tens of millions of dollars in ethereum, the FTX wallet drainer still holds a whopping 155,749...

Franklin Templeton CEO Calls Tokenization 'Securitization on Steroids'


Tokenization is causing a significant shift in the traditional securitization process, according to Jenny Johnson, the CEO of asset management giant Franklin Templeton. According to Johnson, tokenization can be described as "securitization done on steroids," given its potential for transforming...

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