Bitwise CEO Stays Positive Despite SEC’s Move to Delay Bitcoin ETF Decision

Aug.14 — Cryptocurrency enthusiasts will have to wait at least a couple more months to see if the SEC will make their dream of a bitcoin ETF a reality. The SEC delayed decisions on whether to approve three bitcoin ETF proposals until the fall. It was scheduled to rule on three proposals, including one from Bitwise Investment Advisers. Bloomberg’s Eric Balchunas and Scarlet Fu discuss the bitcoin ETF delay and break down the Bitwise 10 Large Cap Crypto Index (ticker: BITX) with Hunter Horsley, CEO of Bitwise Asset Management, and…

IOHK CEO Charles Hoskinson Announces Upcoming Release of Cardano v1.6

Charles Hoskinson, a former CEO of the Ethereum Network and current CEO of IOHK, has announced that IOHK-supported project Cardano is rolling out version 1.6 within a few days’ time. Hoskinson teased the upcoming launch in a Twitter post on Aug. 13. Hoskinson also asked users to send screenshots and comments on the latest version of Daedalus, which is an open source cryptocurrency wallet also backed by IOHK. As per IOHK’s website, Cardano is a blockchain platform that uses the proof of stake algorithm Ouroboros. Its native cryptocurrency, ADA, is…

Investors Do Not Consider Bitcoin as Safe-Haven: Luno CEO

Investors are buying bitcoin because they expect extensive returns not because they see it as a safe-haven asset, according to Marcus Swanepoel of London-based cryptocurrency firm Luno. The chief executive officer told Reuters that investors tend to move a small portion of their portfolio to bitcoin in times of market fluctuations. But their intention to move capital into the cryptocurrency market comes from the place of profit-making, not hedging. Investors merely bet on a profitable outcome should it gains global attention as a safe-haven asset, and their speculation could go…

‘It’s Fantastic Tech’ — Hedge Funds Will Go Bitcoin, Says Consultancy CEO

Bitcoin (BTC) lets investors hedge against inflation and will endure as part of portfolios, the CEO of consultancy firm Agecroft Partners has told mainstream media.  “It’s fantastic technology” Speaking to CNBC in an interview Aug. 6, Don Steinbrugge praised the cryptocurrency’s technology while discussing nontraditional investments. “It’s been an amazing run, it’s fantastic technology; some people are using it as a way to hedge against inflation,” he told the network. Steinbrugge was speaking within the context of the latest escalation in the trade war between the United States and China,…

Bitcoin Surge Proves It’s a Haven from Stock Market Turmoil: Circle CEO

The bitcoin price is surging because investors are embracing it as a “safe haven” amid the US-China trade war, says Circle CEO Jeremy Allaire. | Source: REUTERS/Kai Pfaffenbach (i), Shutterstock (ii). Image Edited by CCN. The bitcoin price is surging because investors are increasingly flocking to it as a “safe haven” amid the escalating US-China trade war. That’s what Circle CEO Jeremy Allaire told CNBC, when he praised bitcoin as a reliable store of value during stock market turmoil. “Humanity has now created a non sovereign, highly secure mechanism to…

Bitcoin.com Appoints New CEO as Roger Ver Leaves Position

Bitcoin.com has appointed Stefan Rust as the company’s new chief executive officer as Roger Ver leaves the post, according to an announcement published on Aug. 2. Rust will continue working on the development of the company’s new products and services that promote peer-to-peer electronic cash. Commenting on the appointment, Rust said: “I’m hugely excited to take on the role of CEO working alongside Roger. Together we can now turbocharge the awesome team and great brand that is Bitcoin.com. […] We will play an integral part in making money work for…

Circle CEO Allaire to Congress: Treat Crypto as a New Asset Class

Crypto will take center stage on Capitol Hill for the second time in as many weeks when the U.S. Senate Banking Committee convenes Tuesday to discuss current and potential regulations. Jeremy Allaire, CEO of Circle, will testify as a representative of the Blockchain Association trade group. He will be joined by University of California at Irvine School of Law professor Mehrsa Baradaran and Congressional Research Service specialist Rebecca Nelson. The hearing is set to examine the regulatory questions around the industry and should be fairly broad, unlike the hearings on…

Former Mt Gox CEO Karpeles Must Face US Class Action, Judge Rules

Mark Karpeles, former CEO of the early bitcoin exchange Mt. Gox, must face a class action lawsuit brought in Philadelphia over the firm’s collapse in 2014. According to a Reuters report on Monday, District Judge Robert Kelly has refused Karpeles’ request to dismiss the suit, which alleges that the former CEO had concealed issues at the exchange from its users. A court document on the ruling indicates that the case has been brought by a former customer of Mt. Gox, Gregory Pearce on his own behalf and others affected by the failure of…

Circle CEO to Testify Before Senate on Blockchain and Digital Assets

Circle co-founder and CEO Jeremy Allaire is scheduled to testify before congress tomorrow as a representative of The Blockchain Association — a business organization comprised of blockchain industry advocates.  Allaire will testify before the Senate Committee on Banking, Housing and Urban Affairs in an open session hearing called “Examining Regulatory Frameworks for Digital Currencies and Blockchain.” In his prepared testimony released on July 29, Allaire is prepared to discuss a number of relevant issues, including identity, privacy, data security, domestic and international approaches to regulation, as well as the potential…

Huawei CEO Calls on China to Create a Rival to Facebook’s Libra Crypto

Telecommunications giant Huawei’s chief executive has said that the time is ripe for China’s government to preempt Facebook’s Libra. Speaking in an interview with Italian media outlet L’economia, CEO Ren Zhengfei remarked that China has the capability to pursue such an undertaking. He was asked a question about U.S. global hegemony and Facebook’s issuance of an international currency specifically. Ren was quoted as saying (according to a translation): “Even China is able to issue such currencies, why wait for Libra? The strength of a state is greater than that of…