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Former Paxful CEO Says He Cannot ‘Vouch for Anything Happening There Now’ — Platform Tells Users It Is Back Online
13.5.2023
The former CEO of Paxful, Ray Youssef, has told users of the peer-to-peer bitcoin marketplace that he is no longer in control and therefore cannot vouch for “anything that is happening there now.” Youssef also told a user who claimed to have been scammed on the platform that he too...
Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro
12.5.2023
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail...
Musk Hires New CEO for Twitter, ‘She Will Be Starting in 6 Weeks’
12.5.2023
Billionaire investor Elon Musk will be stepping down as chief executive of Twitter and taking on other roles in the company. The owner of the microblogging platform revealed he has hired a new CEO, media executive Linda Yaccarino, who should be at the helm of the social media giant in less than...
Biggest Movers: SHIB, DOGE Near Multi-Month Lows, as Musk Finds New Twitter CEO
12.5.2023
Shiba inu moved close to a five-month low on Friday, as meme coins reacted to news that Elon Musk has found a new Twitter CEO. Musk tweeted, “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks.” Dogecoin neared a two-month low today. Shiba Inu (SHIB) Shiba...
NBCUniversal veteran could replace Elon Musk as Twitter CEO: Report
12.5.2023
Elon Musk announced his departure as Twitter CEO on May 11, suggesting his replacement would be a woman who would take over within roughly six weeks
‘It’s going to get worse for banks’ — JPMorgan CEO on overregulation
12.5.2023
JPMorgan CEO says the Fed should be less focused on adding more rules and regulations for banks and more on fixing the banking crisis
Elon Musk announces he will step down as Twitter CEO
11.5.2023
The soon-to-be former CEO will become Twitter’s executive chair and chief technology officer, overseeing product, software, and system operations
Elon Musk's Twitter, Crypto's Town Square, Has Found a New CEO
11.5.2023
Musk says he'll shift to being chief technology officer
Disney War Continues As CEO Punches Back At Florida Gov. DeSantis
11.5.2023
Disney CEO Bob Iger verbally pushed back against Florida Governor Ron DeSantis and his ongoing war against Disney World and the company, pointing out all the taxes his corporation pays the state and rhetorically asking if Florida still wants its business and all the money that entails. Read more
Terraform Labs CEO Do Kwon Pleads Not Guilty to Forged Passport Charges
11.5.2023
Terraform Labs co-founder Do Kwon pleaded not guilty to allegedly using false passports from Belgium and Costa Rica on Thursday in a Montenegro court, according to Bloomberg News.
Kwon had been on the run for months after the demise of Terraform Labs, the company behind the algorithmic stablecoin...
Account abstraction could bring the next billion users to Ethereum: Ambire CEO
11.5.2023
In episode 19 of Hashing It Out, Ambire founder and CEO Ivo Georgiev explained a new technology aiming to bring increased flexibility and security to the Ethereum network
JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic
11.5.2023
Jamie Dimon, CEO of JPMorgan, stated that he favored abolishing the debt limit, giving the government the faculties to extend its debt without congressional action. Dimon also stated that even the drama surrounding the build-up to extending or not extending the debt limit could cause panic, as...
Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million
11.5.2023
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176...
OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec
10.5.2023
AI experts from IBM, NYU, and OpenAI will testify before the U.S. Senate on May 16 in a hearing entitled “Oversight of A.I.: Rules for Artificial Intelligence.”
ParaSpace team clashes with CEO over alleged whereabouts of protocol funds
10.5.2023
Protocol developers demand that CEO and CTO Yubo Ruan step down, while Ruan has accused the development team of an "illegal takeover."
Billionaire CEO Behind Fortnite Declares 'The Metaverse is Not Dead' – Here's Why
10.5.2023
The billionaire CEO of Epic Games, the company behind the popular online game Fortnite, has refuted claims that the metaverse is dead.
In a recent tweet, Tim Sweeney mocked a Business Insider article that suggested the metaverse had run its course, hinting at the number of active users across...
Epic CEO mocks ‘metaverse is dead’ notion — 600M coming to the ‘wake’
10.5.2023
Epic Games CEO Tim Sweeney made fun of a recent Business Insider article suggesting the Metaverse had run its course
Worldcoin Launches World App to Bolster Decentralized Identity and Finance for Mass Adoption
9.5.2023
Worldcoin, the project supported by Openai CEO Sam Altman, has launched the World App to complement the release of World ID. The application aims to democratize decentralized identities and finance by utilizing World ID to enable users to sign into different websites, crypto applications, and share...
FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition
9.5.2023
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s...
Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’
9.5.2023
Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. “As more people & companies realize this, bank depositor flight will accelerate...