The statement came shortly after Lookonchain reported Bybit had bought $742 million worth of Ether between Feb. 22 and 23. Bybit CEO Ben Zhou says his cryptocurrency exchange has fully replaced the $1.4 billion worth of Ether that was hacked on Feb. 21. A new audited proof-of-reserve report will be published very soon to show…
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Goldman Sachs CEO David Solomon called the original cryptocurrency an “interesting speculative asset.” Goldman Sachs CEO David Solomon doesn’t view Bitcoin as a danger to the US dollar and sees its fundamentals as valuable for banks. “I do not think Bitcoin is a threat to the US dollar,” Solomon said in a Jan. 22 interview with CNBC…
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Ripple’s native currency, XRP, surged by more than 17% on November 15, based on expectations of a friendlier regulatory climate in the US. Ripple Labs and CEO Brad Garlinghouse are facing criticism from industry executives after rumors that the CEO recently met with President-elect Trump began circulating on social media. In response to the rumors,…
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Judge Phyllis Hamilton found XRP could be a security when sold to retail and gave the go-ahead to a class-action lawsuit over statements from Ripple CEO Brad Garlinghouse. A United States federal court judge has greenlit a civil securities lawsuit against Ripple Labs, denying its summary judgment bid in a suit alleging its CEO broke…
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Circle CEO Jeremy Allaire revealed four of the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Stablecoins could account for 10% of “global economic money” over the next ten years or more, according to stablecoin issuer Circle CEO Jeremy Allaire. It’s arguably a bold claim, but Allaire pointed to several factors…
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Eclipse founder and CEO Neel Somani said he would “work to clear my name and defend myself” and will move away from a public-facing role at the firm. Ethereum layer 2 blockchain Eclipse founder and CEO Neel Somani says he is “temporarily reducing” his role as a “public face” for the firm as he faces…
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Ripple purchased blockchain firm Metaco in May 2023 for $250 million as part of efforts to expand its custody services. Adrien Treccani, the CEO of Ripple Labs-owned blockchain custody firm Metaco, has left the company after more than eight years. According to a Feb. 12 Reuters report, Trecanni was no longer the CEO of Metaco,…
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Asher Genoot, the newly-appointed Hut 8 CEO, said he will focus on “creating lasting shareholder value.” Bitcoin mining firm Hut 8 announced a leadership transition, replacing its CEO weeks after “pump-and-dump” allegations against the company were published by the controversial short-selling firm JCapital Research. On Feb. 7, the Miami-based Bitcoin mining company published a press release…
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