BnkToTheFuture CEO: 50 Percent of Funding Will Be Through Security Tokens in 2020

Online investment platform BnkToTheFuture will expand its security token offering (STOs) business to the U.S with an investment in a Securities and Exchange Commission-licensed broker dealer. Announced in a Nov. 7 statement to investors, BnkToTheFuture acquired an undisclosed stake in BMI Capital International’s holding company, which enables the lending platform to offer STOs to the U.S. market. In an email to CoinDesk, BnkToTheFuture CEO Simon Dixon said: “We forecast by 2020 up to 50 percent will opt for an innovative security token that improves the potential for returns for investors…

Chinese Police Hold MicroBT CEO Allegedly Over Dispute With Bitmain

The founder of Bitcoin mining rig manufacturer MicroBT is being held as of Nov. 8 by Shenzhen Police to assist in an investigation, according to a local news source. Police are likely to be questioning Zuoxing Yang over allegations of intellectual property infringement regarding the technology of Beijing-based Bitmain. Previous allegations of patent infringement Yang previously worked at Bitmain as processor design director, and developed the Antminer S7 and S9 models. Allegedly unhappy after talks over stock options fell through, Yang left, and raised $20 million to found MicroBT. In…

WATCH: Binance CEO CZ Says Crypto Exchange Is No ‘Outlaw’

MOSCOW – If you’re looking to hide money from the authorities, don’t choose Binance, says CEO Changpeng Zhao (CZ). The cryptocurrency exchange mogul sat down to talk with CoinDesk’s Anna Baydakova during his recent visit to Russia. Our conversation – over 80 minutes long – touched on everything from custody to security to the crypto exchange’s plans for Eastern Europe and Russia. During the interview, CZ rejected the popular perception of Binance as a global crypto pirate. “There is a common misconception that Binance is kind of an outlaw, that we don’t work with…

Bitcoin Price Will See $16,000 ‘Soon-Ish,’ Predicts Binance CEO CZ

Changpeng Zhao, the CEO of major cryptocurrency exchange Binance, says a price of $16,000 per Bitcoin will happen “soon-ish,” in a tweet sent on Nov. 1. Zhao explains that price predictions are easy, but getting the timing right is hard.  He said: “Lol, price predictions are easy. It’s just hard to be right about the timing. We will see $16k soon-ish. 1.4 billion people working on it as we speak.” The message was an answer to the tweet of another user who pointed out that the prediction of an anonymous…

CEO Of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet

Tawanda Kembo, the founder and CEO of the Zimbabwean cryptocurrency exchange Golix, claims to have lost the password to one of the exchange’s Bitcoin (BTC) cold wallets. On Nov. 1, local news daily iHare reported that the CEO of Zimbabwe’s first cryptocurrency exchange allegedly lost the password in May of last year. IHare wrote that the “password fiasco” was confirmed by two separate sources familiar with the matter.  CEO loses access to 33 Bitcoins The story of the lost password follows reports that financial regulators at the Reserve Bank of…

Binance CEO Changpeng Zhao to Speak at Turkish Summit Alongside Gov’t Bigwigs

Changpeng Zhao, CEO of major cryptocurrency exchange Binance, will be speaking at the Turkish Capital Markets Summit 2019. On Nov. 1, Cointelegraph Turkish reported that Zhao, also known as CZ within the crypto community, will be going to Turkey to attend and speak at the Capital Market Summit, which will be held in Istanbul from Nov. 19–20, 2019. The event also includes members of Turkey’s presidential administration. Dr. Ali Taha Koç, the Head of the Digital Transformation Office of the Presidency of the Republic of Turkey and Arda Ermut, the…

Binance CEO: ‘Russia Is Our Key Market’

MOSCOW – The line for selfies with Binance CEO Changpeng Zhao seemed endless, even though it was the second photo op of the night. The cryptocurrency exchange mogul, known as CZ, had already taken photos with Russian fans before the meetup started, and he kept smiling at cameras and shaking hands for half an hour after it ended. It was CZ’s first visit to Russia, and the turnout showed his popularity with the local crypto scene. The concert hall of the Radisson hotel in central Moscow could hardly fit the…

Bitmain CEO Ousts Co-Founder, Biggest Shareholder to ‘Save the Ship’

Altcoin Bitcoin Cash (BCH) has surged 10% in the past 24 hours after it emerged mining giant and major supporter Bitmain had fired a senior executive. Wu to staff: do not talk to Micree Ketuan Zhan In a translation of an email from Oct. 29 quoted by crypto news outlet CoinDesk, Bitmain co-founder Jihan Wu said that fellow co-founder Micree Ketuan Zhan had left the company. “Bitmain’s co-founder, chairman, legal representative and executive director Jihan Wu has decided to dismiss all roles of Ketuan Zhan, effective immediately,” it reportedly read.…

WeChat Pay Using Blockchain to Track Payments, Says Binance CEO

Binance CEO Changpeng Zhao (CZ) took to Twitter on Oct. 25, saying that he had “got word” that WeChat Pay puts receipts on the blockchain, along with a screengrab of a receipt with a link to a block explorer. Why does CZ care so much? Globally, companies in almost every industry are implementing blockchain solutions, so why should CZ feel the need to comment on this one? Perhaps it has something to do with a story from earlier this month, in which CZ announced the launch of payment on-ramps for…

FATF’s Regulations to Push Criminals to Privacy Coins: CipherTrace CEO

The Financial Action Task Force’s (FATF) crypto regulations will trigger a shift of criminal activity from Bitcoin (BTC) to privacy coins, it has been claimed. Criminals mostly use BTC and ETH to date David Jevans, CEO of major crypto transaction tracking firm CipherTrace, shared his remarks about criminal use of cryptocurrencies at a panel held by blockchain advocacy group, the Chamber of Digital Commerce, on Oct. 21. During the panel, Jevans claimed that well-known cryptocurrencies such as Bitcoin and Ether (ETH) are currently the most popular among criminal actors to date…