Binance CEO CZ Showcases First Use of Binance Card

Binance’s CEO has just demonstrated the first use of Binance Card, a cryptocurrency debit card that was first announced by Binance in April 2020. In a July 10 tweet, Binance CEO Changpeng Zhao revealed that he is taking part in Binance Card beta testing, featuring transactions involving Binance’s native token, BNB. This story is developing and will be updated. Author: Cointelegraph By Helen Partz Source link

CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt

Willie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme, has reportedly been forced into bankruptcy by a local court. According to a recent report from News24, the sequestration order was initiated on July 3 by Simon Dix — one of VaultAge’s largest investors, who entrusted Breedt with 7.5 million South African rand, or $440,000. VaultAge Solutions was founded in 2018, promising weekly returns on customer deposits through crypto mining and trading and accepting deposits starting from $50.…

Customer Service Is Key, According to OKEx’s CEO

OKEx CEO Jay Hao recently noted customer service as a pivotal aspect of business, as part of an interview with Cointelegraph’s Jeffrey Albus.  “I think definitely customer service is crucially important,” Hao said. “After all, the customer is king.” The crypto space is still young The crypto industry arguably began with the inception of Bitcoin more than 10 years ago. As part of a young sector, many crypto and blockchain companies are still finding their sea legs in their products, services and offerings, while others look to perfect their operations.…

‘Everything Will Move to Confidential DeFi‘ Beam’s CEO Says

On June 29th, major privacy cryptocurrency Beam underwent a hard fork to enable “Confidential DeFi” on Beam. In the time of the DeFi boom, how will Beam’s confidential DeFi be different from other DeFi such as COMP and MakerDao? Alexander Zaidelson, the CEO of Beam, spoke to Cointelegraph about its prospects. The Beam hard fork activated the support of confidential assets, or Beam CA, which enabled independent tokens to be issued on the Beam blockchain. It is a key component of the confidential DeFi, benefitting from the confidentiality and scalability…

Blockchain Australia Seeks to Build Industry Confidence With New CEO

The new head of Blockchain Australia, Steve Vallas, has announced that he will focus on building up confidence in blockchain and improving the image of blockchain technology among businesses and governments. Vallas replaces Nick Giurietto who led the association over the last five years. He has worked as an industry coach and mentor for multiple universities and accelerator programs and is the founder of Australian marketing firm Honey Digital. Vallas has also advised governments on the blockchain sector. A new vision Speaking to Cointelegraph, Vallas said he will focus on…

Bittrex CEO Joins StormX Board After Undisclosed Investment

Bill Shihara, founder and CEO of Bittrex crypto exchange, is joining the Board of Directors for Seattle-based blockchain startup StormX. According to an announcement from StormX, the addition of Shihara to the board comes after the CEO invested “an undisclosed sum” in the company’s latest equity round. However, Shihara was already an angel investor for the startup — originally founded in 2015 as Bitmaker — and reportedly acted as one of its ICO advisors. StormX CEO Simon Yu cited Shihara’s experience with Bittrex as one reason to be optimistic. Yu…

Amazon CEO Bezos Now Has More Money Than Bitcoin’s Market Cap

Jeff Bezos, CEO of online shopping giant Amazon, recently tapped record wealth levels, holding more personal wealth than all the speculative capital currently invested in crypto’s largest asset — Bitcoin (BTC).  “Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,” Bloomberg said in a July 1 article. “That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.” Bezos’ deep pockets compared to Bitcoin At press time, Bitcoin holds a market cap of…

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…

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…