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Crypto VC Paradigm buys Coinbase shares worth $50 million

Crypto VC firm Paradigm, an existing investor in Coinbase, bought around $50 million worth of more shares in the exchange operator this week. The post Crypto VC Paradigm buys Coinbase shares worth $50 million appeared first on The Block.

Crypto Twitter responds with Pepe memes as Musk names new CEO

Elon Musk confirmed Friday that he would appoint Linda Yaccarino the as the new CEO of Twitter. Crypto Twitter responded with Pepe memes. The post Crypto Twitter responds with Pepe memes as Musk names new CEO appeared first on The Block.

Twitter’s new CEO is former NBC advertising exec Linda Yaccarino

Elon Musk has announced Linda Yaccarino as the new chief executive officer of Twitter. In a May 12 tweet, Musk said Yaccarino would focus primarily on the social media platform’s business operations while he focuses on product design and new technology. Musk also said: “Looking forward to working with Linda to transform this platform into […] The post Twitter’s new CEO is former NBC advertising exec Linda Yaccarino appeared first on CryptoSlate.

Do Kwon granted bail at €400,000 – against prosecutors wishes

Terraform Labs co-founder Do Kwon will be released on bail alongside company CFO Han Chong-Joon — against the wishes of prosecutors. The Montenegro court has set a fee of €400,000 ($436,000) per person, according to Bloomberg. Upon release, both men will be under house arrest with police supervision in the country’s capital, Podgorica. In winning […] The post Do Kwon granted bail at €400,000 – against prosecutors wishes appeared first on CryptoSlate.

Coinbase compensation disclosure shows CEO Brian Armstrong received $6.3 million in security benefits

Brian Armstrong received $6.3 million in security benefits last year, more than triple the amount his safety cost Coinbase the year before. The post Coinbase compensation disclosure shows CEO Brian Armstrong received $6.3 million in security benefits appeared first on The Block.

US lawmaker questions SEC about GBTC redemptions

U.S. Congressman Brad Sherman questioned the Securities and Exchange Commission (SEC) about whether Grayscale Bitcoin Trust investors (GBTC) can redeem their assets from the investment company. In a May 11 letter directed to the SEC Chair Gary Gensler, the Congressman claimed that Grayscale prioritized profits regardless of how it affected over 850,000 retail investors whose […] The post US lawmaker questions SEC about GBTC redemptions appeared first on CryptoSlate.

Former Paxful CEO warns users not to use platform amid spate of scams

Ray Youssef, the co-founder of Paxful, has warned to stay off the platform amid complaints of scamming. As a peer-to-peer (P2P) marketplace, Paxful provides the infrastructure, including moderation, for users to buy and sell cryptocurrency from each other. Paxful closes, re-opens The peer-to-peer marketplace closed in April, with Youssef acknowledging the resignation of several key […] The post Former Paxful CEO warns users not to use platform amid spate of scams appeared first on CryptoSlate.

Elon Musk is in talks to appoint Linda Yaccarino as Twitter’s new CEO: WSJ

Linda Yaccarino, NBCUniversal’s head of advertising, is in talks to become Twitter's new CEO, the Wall Street Journal reported. The post Elon Musk is in talks to appoint Linda Yaccarino as Twitter’s new CEO: WSJ appeared first on The Block.

Binance CEO looks to cut majority stake in exchange’s US unit: The Information

Binance CEO Changpeng Zhao has reportedly been trying to cut his majority stake in the American unit since last summer. The post Binance CEO looks to cut majority stake in exchange’s US unit: The Information appeared first on The Block.

Elon Musk hires Twitter’s next CEO; former Meta COO a potential candidate

Elon Musk said on May 10 that he has selected a new CEO to lead Twitter. Next CEO will start in just weeks Musk wrote in a tweet: “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!” Musk said that he will remain involved with the […] The post Elon Musk hires Twitter’s next CEO; former Meta COO a potential candidate appeared first on CryptoSlate.

Justin Sun to start trading memecoins, donate profits to charity

Crypto entrepreneur Justin Sun would start trading memecoins and other promising projects using his public address, according to a May 11 tweet. The crypto entrepreneur said he would donate profits from such trades to charity and personally bear any of the potential losses. Sun warned that his trades should not be mistaken for financial advice, […] The post Justin Sun to start trading memecoins, donate profits to charity appeared first on CryptoSlate.

Justin Sun-linked wallet bombarded with memecoins after pledge to start trading them

Tron founder Justin Sun receives a deluge of gifted memecoins after saying he planned on trading them for fun. The post Justin Sun-linked wallet bombarded with memecoins after pledge to start trading them appeared first on The Block.

Binance’s new compliance chief sees mission to put crypto exchange giant ‘beyond reproach’

Noah Perlman, Binance's Chief Compliance Officer, wants to repair the crypto exchange's reputation with regulators. The post Binance’s new compliance chief sees mission to put crypto exchange giant ‘beyond reproach’ appeared first on The Block.

Justin Sun admits Huobi ownership, calls Binance a partner rather than rival

TRON founder Justin Sun admits to acquiring Huobi while stating that Binance is an essential partner — not a competitor. Does Sun own Huobi? In July 2022, Huobi founder Leon Li was reportedly seeking a buyer for more than 50% of the company — a move motivated by the market downturn and the increasingly challenging […] The post Justin Sun admits Huobi ownership, calls Binance a partner rather than rival appeared first on CryptoSlate.

US House builds consensus toward crypto action, but visions still differ

Lawmakers began to lay out areas of overlapping interest in crafting new rules for crypto and other digital assets, but significant differences in what that should look like remain. The post US House builds consensus toward crypto action, but visions still differ appeared first on The Block.

Former SEC official calls for US ban on Tether, calls it a ‘mammoth house of cards’

Former U.S. Securities and Exchange Commission (SEC) official John Reed Stark urged U.S. financial regulators to ban crypto firms from offering Tether USDT, describing the firm as a “mammoth house of cards.” In a May 9 long-form Twitter post, Stark touched on different issues plaguing Tether to drive home his point. According to him, his […] The post Former SEC official calls for US ban on Tether, calls it a ‘mammoth house of cards’ appeared first on CryptoSlate.

Bitcoin pops as US inflation comes in below estimates

US inflation figures for April showed signs of deceleration, spurring bitcoin to trade above $28,000. The post Bitcoin pops as US inflation comes in below estimates appeared first on The Block.

Javier Milei: Pro-Bitcoin Argentine presidential candidate rising in polls

Libertarian economist and pro-Bitcoin presidential candidate Javier Milei is gaining ground among Argentine voters, per Bitcoin Magazine. As the country struggles amid its ongoing economic crisis, thoughts turn to the upcoming presidential election scheduled for Oct. 22. With unconventional economic views, Milei stands out as the candidate capable of solving Argetina’s many problems. Country in […] The post Javier Milei: Pro-Bitcoin Argentine presidential candidate rising in polls appeared first

Crypto community rallies against VC who described XRP as security

Several crypto community members have criticized venture capitalist Jason Calacanis for saying XRP is a security. In a May 9 tweet, Calacanis said Ripple could have saved itself from the Securities and Exchange Commission’s (SEC) legal tussle if it had registered with the regulator. He said: “It would have cost little for the Ripple team […] The post Crypto community rallies against VC who described XRP as security appeared first on CryptoSlate.

Binance launches ‘Capital Connect’ platform for VIP users

Crypto exchange Binance has launched a new service platform for VIP users to connect them with investment fund managers. The post Binance launches ‘Capital Connect’ platform for VIP users appeared first on The Block.