CEO Financial News

The latest court filings in the Celsius bankruptcy case have uncovered some controversial transactions made by the defunct crypto lender’s top brass.

While many industry observers ask themselves whether the crypto markets have reached their bottom level before they will rebound, Sam Bankman-Fried, the outspoken CEO and founder of major crypto exchange FTX, believes that the coming months could see crypto pegged to the general outlook for the macro environment.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The embattled crypto lender Celsius Network Ltd. has lost another top member as co-founder Daniel Leon resigned this week.

Following months of uncertainty and discussions, the SushiSwap community has elected a new “head chef”. Jared Grey, the former CEO of defunct crypto exchange Bitfineon and decentralized financial services ecosystem EONS, will serve as the leader of the decentralized autonomous organization (DAO).

 

Credit Suisse shares briefly sank to an all-time low on Monday while credit default swaps hit a record high, as the market's skittishness about the Swiss bank's future became abundantly clear.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Major Indian crypto exchange WazirX has laid off about 40% of its employees, citing a fall in trading volumes due to the bear market and the regulatory climate in India. 

Celsius founder Alex Mashinsky withdrew $10 million from the now-bankrupt cryptocurrency lender just weeks before the company froze customer accounts and collapsed, according to sources cited by The Financial Times.

Aaron Clauson, co-founder and CTO, explains: "The technical vision behind NoFrixion is to support merchants with today’s payment networks - predominantly cards and bank transfer - while being ready for the networks of the future, which will be based on digital wallets stored on customer's mobile devices."For developers the NoFrixion MoneyMoov API can allow them to incorporate multiple payment options covering cards, open banking - including Sepa and FasterPayments - and Bitcoin Lightning in a single API.Feargal Brady, co-founder and CEO of NoFrixion (pictured), says: “Internet banking promised much which it never fully delivered, and hasn’t evolved with the instant economy. MoneyMoov connects digital payments to ERPs, accounting platforms and core business applications, cutting out internet banking, manual processing and similar inefficiencies.

Alex Mashinsky, the single-most controversial figure in the Celsius Network [CEL] bankruptcy saga, was back in the spotlight. And this time around, the claims that haunt the executive aren’t ones that can be given a miss. The company’s founder reportedly withdrew as much as $10 million from the exchange just weeks before it filed for bankruptcy. 

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Societe Generale has chosen investment bank boss Slawomir Krupa as its next chief executive as Frédéric Oudéa prepares to step down from the top job after 15 years.

Court filings made by the states of Texas and Vermont have become the latest developments in the Celsius bankruptcy saga. 

U.S. hedge fund Pantera Capital has unveiled plans to raise as much as $1.25 billion for the company’s second blockchain fund, indicating that institutional investors have a growing appetite for cryptocurrencies in spite of the latest market downturn.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

M&G, the £349bn listed UK savings and investment group, has named former Axa Investment Managers' boss Andrea Rossi as its next chief executive, succeeding John Foley who is stepping down from the top job next month.

Do Kwon, the under-fire CEO of Terraform Labs, has hit out at South Korean prosecutors via his firm. The company has accused prosecutors of morphing the legal definition of a security to kowtow to political pressures.

Ken Griffin, Citadel's founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even after a series of big rate hikes.