Cardano CEO Thinks Trump is Calling America’s Bluff With Easter Reopening

Pundits and public health experts alike are reeling at President Donald Trump’s pledge to get “the country opened up and rarin’ to go by Easter,” whatever the risks of coronavirus may be. With Easter less than three weeks away, the president has diverged from the advice of public health authorities worldwide, tweeting on March 24 that: “Our people want to return to work. They will practice Social Distancing and all else, and Seniors will be watched over protectively & lovingly. We can do two things together. THE CURE CANNOT BE…

As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap

After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at what seemed like a gargantuan amount. As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that figure and it suddenly seems far more tangible. Binance CEO Changpeng Zhao even tweeted that the new financial dialogue meant a $2 trillion market cap for Bitcoin could be considered “modest”. Will a devaluing U.S. Dollar push…

Bitcoin Price Did Not Crash 60% Due to Coronavirus, Says Binance CEO

The coronavirus pandemic was just the spark that ignited the current global economic meltdown, not its cause, the CEO of Binance says. In a blog post on March 20, Changpeng Zhao, known as “CZ” in cryptocurrency circles, argued that coronavirus had shown that the world’s economy is far too weak. CZ: The economy “should be stronger” Asked whether he felt conditions this year were different from the global financial crisis (GFC) of 2008, he summarized: “In 2008, there wasn’t a pandemic pausing global economy. But I believe the Coronavirus is…

Celsius Network Is Profitable and Resisting Market Downturn, Claims CEO

The Celsius Network is the first major cryptocurrency lending platform that is profitable, according to its CEO and founder Alex Mashinsky. Cointelegraph interviewed Mashinsky to learn more about this achievement, how the latest market downturn has affected its business and his outlook on the industry. According to Mashinsky, the company was profitable in 2019 on a net income basis and in 2020 on a free cash flow basis. In March, Celsius Network is expected to post record revenues of over $2 million.  Mashinsky explains that his company’s balance sheets are…

Mt. Gox CEO Slams Plaintiff for Adjusting Fraud Allegations Mid-Case

Mark Karpeles, the former CEO of defunct cryptocurrency exchange Mt. Gox, accuses plaintiff Gregory Greene of altering the factual basis of his claims against Karplese mid-case, according to his March 16 response to Greene’s justification for continuing the case. Gregory Greene, the last remaining plaintiff in what was previously a class action against the Mt. Gox ex-executive, voluntarily dismissed two other claims against Karpeles recently — leaving Greene’s allegations of common law fraud as the sole claim against Karpeles in the case. Former Mt. Gox CEO attacks Greene for changing…

Inside BeQuant: 3 Days With a Crypto Exchange CEO

Have you ever wondered what it’s like to run a cryptocurrency exchange? Now’s your chance to find out! Take an inside look at the life of BeQuant CEO George Zarya in Cointelegraph’s latest documentary: 3 Days With a Crypto CEO. From pub beers in London to impromptu flights to Malta, from office puppies to World War II cryptography machines, the life of a crypto CEO is never dull. George Zarya is the CEO of cryptocurrency exchange BeQuant. Founded in May 2018, BeQuant Exchange averages over a billion dollars in monthly…

Wilshire Phoenix CEO Explains $168B US Fed Injection and Crypto Correlation

The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price. “So long as the broader markets keep falling – expect the same out of Bitcoin,” Bill Herrmann, CEO of alternative investment firm Wilshire Phoenix told Cointelegraph as part of an explanation of the Fed’s recent actions. What’s going on in the market? Traditional markets have plummeted recently surrounding coronavirus fears and oil trade wars. After several previous red days, the Dow Industrial Average (DJI) fell 10% on March 12, concluding the…

Bitmain Co-Founder Launches Another Lawsuit to Regain CEO Role

Micree Ketuan Zhan, the co-founder of leading mining hardware producer Bitmain launched another lawsuit in an attempt to regain his position as the CEO of the firm. According to a court filing in Fujan province, Zhan initiated a lawsuit against Bitmain’s subsidiary Fujian Zhanhua Intelligence Technologies and Beijing Bitmain Technologies. A hearing on the case was initially scheduled for Feb. 11. Fujian Zhanhua Intelligence Technologies still list Zhan as its legal representative and is one of the four principal subordinate entities that made a material contribution to Bitmain’s financial results…

BitPanda CEO Eric Demuth Says Bitcoin Is Gold 2.0 for Millenials

The crypto ecosystem tends to see regulations as “the big bad wolf.” In this narrative, government and regulators set rules that slow down innovation and damage growth for the crypto industry. That might have been the case a few years ago, but not anymore, according to BitPanda CEO Eric Demuth: “Depending on the regulation, it can be quite a good thing now that the industry and many companies have reached a size that matters.” Demuth was a keynote speaker during the Blockchain Economy 2020 conference in Istanbul, Turkey. He made…