FTX Begins Talks on Reboot as Managers Uncover Past Misconduct
June 28 (Cointime) - FTX is in initial discussions with investors about relaunching its international cryptocurrency exchange, FTX.com, despite the recent revelation of past misconduct that led to the loss of nearly $9 billion in customer funds. John J. Ray III, the CEO who took over the company when it filed for bankruptcy in November, confirmed that FTX has begun the process of soliciting interested parties for the reboot of its exchange.
Brian Armstrong Envisions Coinbase Eventually Becoming a 'Super App'
June 26 (Cointime) -Coinbase CEO Brian Armstrong envisions the platform becoming a "super app" that offers a range of financial services beyond just cryptocurrency trading. The company has already expanded into areas such as debit cards and loans, and Armstrong sees potential for further growth in areas like investing, budgeting, and even gaming. Coinbase's ultimate goal is to become a one-stop-shop for all things finance-related, making it easier for users to manage their money in one place. However, some critics have raised concerns about the company's growing influence over the crypto industry and its potential impact on decentralization.
The CEO of Bitwise, the World’s Largest Crypto Index Fund Manager, Says That a Multi-Year Bitcoin Bull Market Starting Now
June 26 (Cointime) -The CEO of Bitwise, the world’s largest crypto index fund manager, says that a multi-year Bitcoin bull market starting now.
Hong Kong's CEO Addresses Web3 Regulation and Virtual Asset Licensing System
June 24 (Cointime) - Julia Leung Fung-yee, CEO of Hong Kong's Securities and Futures Commission (SFC), spoke about the importance of crypto trading in the virtual asset ecosystem and the need to incorporate virtual asset providers into the regulatory system to strengthen market trust. The new licensing system for virtual asset providers will ensure investor protection while considering the risks faced by financial institutions. Hong Kong used the FTX collapse to reduce regulatory risks associated with centralized exchanges and introduced strict AML guidelines and investor protection laws for virtual exchanges. Hong Kong's cryptocurrency licensing system is an example of China's "one country, two systems" policy, promoting a welcoming environment for crypto business, with over 150 Web3 firms establishing operations in Hong Kong's Cyberport over the past year.
Former Facebook Executive Diego Oliva Appointed as CEO of Starknet Foundation
June 21 (Cointime) - Diego Oliva, a former Facebook executive, has been appointed as the first CEO of the Starknet Foundation, which oversees the widely used Layer 2 scaling network for Ethereum.
Haru Invest CEO Hugo Lee Apologizes for Delayed Response to Recent Incident
June 21 (Cointime) - In a letter addressed to Haru Invest members, CEO Hugo Lee apologized for causing concerns in the wake of a recent incident and for the delayed explanation of the situation. Lee stated that the company's focus was initially on assessing the scale of damage and developing recovery plans.
Binance CEO CZ : Not a Palau Digital Resident as Claimed by RNS.ID, Stop False Advertising
June 20 (Cointime) -Binance CEO CZ : Not personally involved and not a digital resident of Palau as claimed by the project,It's a FUD, stop using my name on advertising.
Korean Cryptocurrency Exchange Gopax Acquired by Binance Appoints Li Zhongxun as New CEO for Smooth Business Declaration
June 19 (Cointime) -South Korean cryptocurrency exchange Gopax has appointed vice president Lee Joong-hoon as its new CEO, replacing the current CEO who is about to resign. Gopax was one of the companies that was acquired by Binance in an attempt to address the lack of funds following the FTX incident. The reason for the change of the CEO is to smooth the declaration of the change of the virtual currency business operator, and no other reasons were disclosed.
Terraform Labs CEO Blames “Chinese-Named Agency” for Allegedly Forged Travel Documents
June 19 (Cointime) - Terraform Labs CEO, Do Kwon, has claimed in a Montenegro court that he was unaware the travel documents he was allegedly caught with were fake and blamed a "Chinese-named agency." Kwon stated that he received his reportedly forged travel documents, including a Costa Rica passport, through "agencies" recommended by friends.
Ripple CEO Brad Garlinghouse expresses concern over SEC lawsuit and its impact on the crypto industry
June 18 (Cointime) - Ripple CEO Brad Garlinghouse has expressed concerns that the company's legal battle with the SEC could have wider implications for the cryptocurrency industry. Garlinghouse has called for clear regulatory guidelines, stating that the need for them is critical. He has also accused the SEC of purposely generating confusion around regulations and using it to enforce their authority. Garlinghouse believes that the SEC's actions could stifle innovation and the growth of the cryptocurrency industry in the US.
