CEO Financial News

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

Celsius [CEL] Network CEO Alex Mashinsky resigned as the CEO of the bankruptcy-challenged crypto organization. In a press release shared with BusinessWire on 27 September, Mashinksy announced that he was stepping down because he felt his presence was an “increasing distraction” to the company considering their current financial status.

The cryptocurrency platform reports that it went through rigorous review, particularly around the topics of anti-money laundering and combatting terrorism financing, before receiving regulatory approval.

The founder and Chief Executive Officer (CEO) of digital-asset exchange FTX is considering bidding for the assets of bankrupt lender Celsius Network, according to a source familiar with the matter.

Alex Mashinsky, the Chief Executive Officer of the embattled crypto lending firm Celsius Network, has tendered his resignation as the head of the firm, effective immediately.

Mashinsky said in a statement: "I regret that my continued role as CEO has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing.”

Celsius, based in Hoboken, New Jersey, filed for Chapter 11 bankruptcy on July 13.

Switzerland-based crypto-lender Nexo is facing simultaneous enforcement action from eight different U.S states over varying allegations. Actions include cease and desist orders, administrative measures etc.

Sardine's core technology uses AI to provide a real-time fraud score based on the user’s identity, device, and behaviour patterns at the time of account origination and account funding. It also continuously monitors for fraud during account login, deposits, and withdrawals.The startup offers an instant ACH and card on-ramp to crypto, enabling its fintech and crypto customers to instantly purchase over 30 different crypto assets or NFTs.

Holders of Terra Classic [LUNC] registered gains during the intraday trading session on 26 September as the price of the asset immediately surged by over 30% following Binance’s announcement. 

The move comes shortly after Betterment acquired crypto investing firm Makara, appointing its CEO Jesse Proudman VP of crypto investing.Says Proudman on the Gemini tie-up: "Betterment is built on the principles of trust, ease-of-use and diversification and we wanted to work with a partner who not only understood our unique needs, but had the infrastructure in place to power our crypto solution in a way that aligned with our values."

One crypto-sleuth has claimed that the $160 million hack on algorithmic market maker Wintermute last week was an “inside job.” Needless to say, this has now sparked a brand-new crypto-conspiracy theory across crypto-circles. 

Baroness Helena Morrissey has stepped down as chair of online investment platform AJ Bell after less than a year in the role.

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

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

With the embattled cryptocurrency trading platform, CoinFlex may be getting headway with its restructuring plans as most of its creditors are backing the idea, as revealed in early voting. 

Angel Issa, Nomura’s global head of corporate development and strategic investments, comments: “The transformation of financial services powered by blockchain technology is clearly accelerating, and we believe Fnality is uniquely positioned to capitalise on the significant opportunities brought by this evolution. We look forward to leveraging Fnality’s technology and expertise to continue delivering differentiated value to our clients and partners globally.” Nomura's arrival follows several proof-of-concepts conducted by Fnality's shareholders which showcased the benefits of distributed ledger technology (DLT) in offering near-instant settlement in capital markets and payments.Rhomaios Ram, CEO Fnality International comments: “We’re incredibly pleased to welcome Nomura, a global financial institution, as our new shareholder supporting our vision for a regulation-first, real-time, wholesale payments system.

With cryptocurrency investors increasingly worried about Hong Kong’s regulatory ambiguity on crypto, a number of major crypto-focused businesses and events have decided to move their activities to Singapore and other countries and territories considered as more friendly to their industry, as indicated by local observers.

Terra’s fiasco continues to haunt the market as the strong selling pressure kept pushing the price of Terra Classic (LUNC) down. In fact, the Terra LUNA crypto-crash saw the coin drop by 99.9% in price. Even so, despite the aforementioned episode, the ‘old community’ has taken a different path(s) to keep the traction afloat.

Former professional swimmer Rebecca Achieng Ajulu-Bushell has been named chief executive of 10,000 Black Interns, an organisation that is striving to improve representation in the City.

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