Blockchain Australia Seeks to Build Industry Confidence With New CEO

The new head of Blockchain Australia, Steve Vallas, has announced that he will focus on building up confidence in blockchain and improving the image of blockchain technology among businesses and governments. Vallas replaces Nick Giurietto who led the association over the last five years. He has worked as an industry coach and mentor for multiple universities and accelerator programs and is the founder of Australian marketing firm Honey Digital. Vallas has also advised governments on the blockchain sector. A new vision Speaking to Cointelegraph, Vallas said he will focus on…

Bittrex CEO Joins StormX Board After Undisclosed Investment

Bill Shihara, founder and CEO of Bittrex crypto exchange, is joining the Board of Directors for Seattle-based blockchain startup StormX. According to an announcement from StormX, the addition of Shihara to the board comes after the CEO invested “an undisclosed sum” in the company’s latest equity round. However, Shihara was already an angel investor for the startup — originally founded in 2015 as Bitmaker — and reportedly acted as one of its ICO advisors. StormX CEO Simon Yu cited Shihara’s experience with Bittrex as one reason to be optimistic. Yu…

Amazon CEO Bezos Now Has More Money Than Bitcoin’s Market Cap

Jeff Bezos, CEO of online shopping giant Amazon, recently tapped record wealth levels, holding more personal wealth than all the speculative capital currently invested in crypto’s largest asset — Bitcoin (BTC).  “Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,” Bloomberg said in a July 1 article. “That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.” Bezos’ deep pockets compared to Bitcoin At press time, Bitcoin holds a market cap of…

Digital Assets Data CEO Weighs in on Bitcoin’s Mining Difficulty

Recent findings from analytics company Digital Assets Data show miners hanging on to their Bitcoin (BTC).  “Rolling MRI (Miner’s Rolling Inventory) has declined significantly since the halving, meaning that miners are holding onto more BTC than they are mining, despite the (presumed) increased costs of the added hash power to the network,” Digital Assets Data CEO and co-founder Mike Alfred told Cointelegraph on June 18.  Image courtesy of Digital Assets Data Bitcoin difficulty pushing network highs The network mining difficulty of crypto’s largest asset recently surged to unusual heights. This…

Second US Stimulus Package Could Drive Bitcoin Higher, Says OKEx CEO Jay Hao

Jay Hao, the CEO of crypto exchange OKEx, suggests that a second United States stimulus plan could result in Bitcoin’s (BTC) price growing further. In his June 22 LinkedIn post, Hao explained that since the first $2.2 trillion stimulus bill was signed in late March, Bitcoin surged by around 58% from $6,580 to $10,400. He cited a recent Bloomberg article which reports that Trump administration officials expect to spend another $1 trillion to stimulate the American economy amid the coronavirus crisis: “Will the second stimulus check continue to drive Bitcoin…

Resigned Wirecard CEO Detained by Police as $2.1B Fraud Threatens Company

The former chief executive officer of Wirecard, a German fintech company, has been detained by Munich police after being charged with misrepresenting the company’s balances. As reported by Reuters and many others, Markus Braun, who led the company for the better part of two decades, has been arrested by police in Munich, Germany. According to a statement issued by the prosecutor’s office, he is accused of having conspired to inflate assets and total revenue through false transactions with “third-party acquirers.” This was done to make the company appear more attractive to…

Let’s Not Make a New ICO Bubble Out of DeFi, Says Waves CEO

Decentralized finance’s (DeFi) surging popularity might backfire and hurt the forward-looking sector, Waves cryptocurrency platform founder and CEO Sasha Ivanov told Cointelegraph in a recent interview.  Ivanov compared DeFi to the 2017 ICO craze in a tweet earlier today, saying, “Please let’s not make a new ICO bubble out of #DeFI.” When asked to elaborate on his statement, the Waves CEO noted that he strongly believes in DeFi, but is worried about the hype surrounding it: “DeFi is the future, but it’s going to be coming through a bubble part…

SBI Ripple Asia CEO Expects Greater ODL Expansion into Asia by 2021

Asia may be the next proving ground for crypto firm Ripple to reach with its cross-border payments corridor. In a June 18 interview on the YouTube channel Thinking Crypto, Adam Traidman, CEO of SBI Ripple Asia—a subsidiary of Japanese financial services giant SBI Holdings—Ripple has started to roll out its On-Demand Liquidity (ODL) solution in Asia.  According to Traidman, SBI Ripple Asia has started “limited trial and pilot projects” with various companies for Ripple’s payment corridor, with greater expansion forecast for 2021. “I expect that probably later this year, and…

Bitcoin Bull Market Will Resume by Mid-July, Asserts CryptoQuant CEO

Bitcoin is consolidating in an $8,600-$10,000 trading range since April 30, 2020. The sideways momentum has led the cryptocurrency’s volatility to its lowest since October 2019. With risks of a negative breakout looming, one top analyst sees Bitcoin resuming its bull market by mid-July. Bitcoin repeatedly failed to sustain its break above $10,000. At the same time, the cryptocurrency maintained its bullish bias by holding $8,600 as its crucial support level. The well-balanced battle between bears and bulls has left Bitcoin inside a consolidation area. Traders purchase the asset anywhere…

Telegram CEO Says Global Resistance to Tech Bans Is ‘Just Getting Started’

Russia’s decision to lift its two-year Telegram ban is going to mark the beginning of a broader movement to protect privacy-focused apps like Telegram, the company’s CEO says. Pavel Durov, founder and CEO of Telegram, issued a statement in response to Russian authorities officially terminating the ban on the messaging app in the country last week. Telegram’s progress in Russia to help other countries In a June 21 Telegram post, Durov said that the company will not rest on its laurels, and is planning more efforts to support Telegram in…