Ripple CEO blasts Dogecoin for ‘inflationary dynamics’

The CEO of Ripple, the company behind the XRP cryptocurrency, is not a fan of the meme-based digital currency Dogecoin (DOGE). Brad Garlinghouse believes that DOGE is not good for the cryptocurrency market due to its alleged “inflationary dynamics” and unlimited supply. The global inflation is driving Bitcoin (BTC) price higher, but has a warning for Dogecoin fans, Garlinghouse argued at a CNBC-moderated panel at the Fintech Abu Dhabi event on Tuesday. “I’m actually not convinced, somewhat controversially I guess, that Dogecoin is good for the crypto market. Dogecoin has…

Binance CEO says US crypto exchange will go public in three years

Binance’s affiliate United States-based cryptocurrency exchange Binance US is targeting an initial public offering (IPO) in 2024, according to Binance CEO and founder Changpeng Zhao. BinanceUS is planning to close a large private funding round in the next two months that would allow the firm to become more independent from the global exchange, Zhao said on Sept. 1 in an interview with tech publication The Information. Zhao is confident that the global crypto exchange will survive the ongoing regulatory crackdown by global regulators, and that Binance US will move toward a…

Dubai to benefit from expanding crypto market, Bittrex Global CEO says

The United Arab Emirates (UAE) and Dubai are among the friendliest jurisdictions for the cryptocurrency industry, according to Stephen Stonberg, CEO of Bittrex Global crypto exchange. Dubai is likely to benefit from the expanding crypto market in the Middle East as local regulators increasingly accept blockchain-related technologies, Stonberg said in a Sunday Bloomberg interview. The UAE and Dubai are “doing all the right things and they’re going to attract a lot of regional projects” in the cryptocurrency industry, Stonberg said. He stated that these jurisdictions provide a “great place” to set…

Binance Australia onboards former DigitalX exec as new CEO

Binance Australia has announced the appointment of Leigh Travers, the former chief executive of local blockchain technology and payments firm DigitalX, as the company’s new CEO. Travers has worked at DigitalX for seven years, and previously served on the board of leading local blockchain industry body, Blockchain Australia. In June 2014, DigitalX became the world’s first publicly-listed blockchain firm after completing a reverse takeover of the Australian Stock Exchange-listed company, Macro Energy Ltd. In an Aug. 28 announcement from Binance, Travers emphasizes that he will prioritize building Binance Australia’s relationships…

Three Arrows Capital CEO Su Zhu outlines his bullish thesis for Dogecoin

Three Arrows Capital CEO Su Zhu has outlined a bullish thesis for Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE). Speaking on an Aug. 25 episode of “The Game Theory of Crypto Podcast”, Zhu stated that he’s ke on DOGE because the meme coin has captured more interest from “blue-collar” traders than any other crypto on the market. During the interview, Zhu pointed towards data from popular retail trading app Robinhood, which posted its second-quarter report earlier this month and reported that 62% of the firm’s Q2 crypto revenue was from DOGE…

US Kraken exchange targets European license in 2021, says CEO

Major United States-based cryptocurrency exchange Kraken is planning to officially expand into the European market, following in the footsteps of rival exchange Coinbase. Kraken co-founder and CEO Jesse Powell said that his firm is actively working on receiving a European license, targeting several local jurisdictions for a potential regulatory approval already this year. In a Tuesday interview with German business news agency The Handelsblatt, Powell noted that Kraken has been in talks with multiple European regulators, with countries like Malta, Luxembourg, and Ireland being the most likely jurisdictions to license the…

Ethereum’s rise to No.1 crypto ‘seems unstoppable’ says deVere Group CEO

The CEO and founder of one of the world’s largest independent financial advisory organizations, the deVere Group, has stated that Ethereum’s price appreciation should continue to beat Bitcoin’s in 2021. The deVere Group chief executive Nigel Green also believes that Ethereum’s value will exceed that of Bitcoin’s within a few short years. “Ethereum is outperforming Bitcoin and it can be expected to continue this trend for the rest of 2021,” he said. Ethereum has gained more than 300% so far this year whereas the world’s most popular digital asset is…

Crypto is no longer in the early adoption stage, Bittrex Global CEO says

The crypto industry began with Bitcoin’s launch in 2009, flowering into a bustling industry filled with many different assets and blockchain-based solutions in the years following. The sector, however, is no longer in its infancy, according to Bittrex Global CEO Stephen Stonberg. “I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph, adding: “Crypto has now gone mainstream. We have double digit percentage adoption in both developed and developing countries. We even have Bitcoin adopted as legal tender in a country and many other countries considering…

KYC tools can minimize hassle for US crypto market, FTX CEO says

Ongoing regulatory scrutiny has forced many crypto businesses across the globe to close up shop.  Amid this crackdown, Sam Bankman-Fried, CEO of prominent crypto exchange FTX, has been vocal about his continued efforts to adapt to the changing regulations around running crypto businesses, announcing FTX’s efforts toward finding systems for streamlining its Know Your Customer (KYC) operations.  “As we mature as a company, we’ve been building out our checks, finding and incorporating more signals,” Bankman-Fried stated. He also highlighted the addition of a new feature on FTX that confirms a user’s…

Coinbase CEO Brian Armstrong says proposed crypto tax rule makes no sense

Coinbase CEO Brian Armstrong is the latest crypto figure to come out against the wording of the proposed changes to cryptocurrency taxation in the United States. Tweeting on Wednesday, Armstrong stated that the provisions included in the crypto taxation proposal could have a “profound negative impact” on the U.S. crypto space and could force digital innovation to move overseas. As previously reported by Cointelegraph, amendments to crypto taxation rules were a last-minute addition to the $1-trillion infrastructure deal currently before the United States Senate. The Coinbase CEO, like many other…