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CEO of Bitcoin Miner Argo Steps Down
9.2.2023
The troubled mining firm had to sell its biggest facility to stave off bankruptcy
Getting rid of crypto staking would be a 'terrible path' for the US — Coinbase CEO
9.2.2023
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder
Hut 8 merger would've happened even without FTX or crypto turmoil, says CEO
9.2.2023
Falling crypto prices have forced many crypto miners to cut costs or consolidate in order to survive the crypto winter
Coinbase's CEO Cites 'Rumors' the SEC May Ban Crypto Staking for Retail Customers
9.2.2023
"I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen," Brian Armstrong tweeted Wednesday
Uniswap's BNB deployment should use multiple bridges, claims LIFI CEO
8.2.2023
The LIFI executive proposed that a team of four researchers be appointed to study the idea of a multi-bridge approach
EminiFX CEO Eddy Alexandre Set to Plead Guilty to Role in Alleged $59M Ponzi Scheme
8.2.2023
Alexandre is now expected to plead guilty for his role in an alleged fraud that federal prosecutors say duped investors out of $59 million
Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan
8.2.2023
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise...
ConsenSys CEO: 'We've retained virtually all of our capabilities' after job cuts
7.2.2023
The executive stated that the layoffs were due to concerns about “macroeconomic and geopolitical” issues that may affect the venture capital markets
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
7.2.2023
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures...
FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns
7.2.2023
Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through...
Long-standing crypto project vs. scam: Ava Labs CEO shares key difference
7.2.2023
Ava Labs CEO has condemned players that jump into every single new coin offering or token in the hopes that they will go up
South Korean CEO Jailed for ‘Misappropriating’ Partner Firm’s Ethereum Funds
7.2.2023
A South Korean CEO has been sentenced to five years in prison for “misappropriating” $2.4m worth of ethereum (ETH) from a partner company.
Per the media outlet Delight, the 43-year-old man, identified only by his surname (Chae), is the head of a “marketing agency” that deals with crypto funds....
Layer1 CEO alleges co-founder is using majority power to 'ransack' company
7.2.2023
The plaintiffs claim the Dolic and Ebel began to conduct unauthorized business activities when the corporate governance of its parent company, Enigma, collapsed
Ark Invest Expects Bitcoin to Become a Multitrillion-Dollar Market — Predicts BTC Price Could Reach $1.48 Million
7.2.2023
Investment management firm Ark Invest says bitcoin is “likely to scale into a multi-trillion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bull case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees...
FTX CEO testifies on 'pure hell' post-bankruptcy days at exchange
6.2.2023
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange's funds, insurance, and personnel
New FTX CEO Charged Crypto Exchange $690K Last Year: Hearing
6.2.2023
John J. Ray III has been leading FTX's bankruptcy case following the departure of Sam Bankman-Fried
FTX Being Advised by Cybersecurity Firm Sygnia on Hack Inquiry, CEO Ray Says
6.2.2023
The crypto exchange’s current chief executive blasted weak cybersecurity controls at the company under Sam Bankman-Fried’s leadership
Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn
5.2.2023
Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn...
Google Backs AI Firm Anthropic With $300 Million, Following Series B Investment From Controversial FTX Co-Founder
4.2.2023
As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including...
Meta Calls 2023 a ‘Year of Efficiency;’ Anticipates More Losses in Its Metaverse Division
4.2.2023
Meta, the company that owns Facebook, Instagram, and Whatsapp, has shared its fourth quarter results, reporting better numbers than expected. While the company beat revenue estimates, CEO Mark Zuckerberg declared 2023 a “Year of Efficiency,” hinting at a further restructuration of...