The CEO of Digital Asset Holding LLC Blythe Masters is officially stepping down from the position after working in the blockchain company for almost four years and in this blockchain news, we try to find out more.
Blythe Masters or better known as the Wall Street Veteran invented the credit default swaps and announced her resignation through the Digital Asset’s website for personal reasons. However, Masters will remain in cooperation with the company as a board member, shareholder, and a strategy advisor.
Masters joined the company in 2015 and quickly become one of the high profile finance experts that were associated with a blockchain startup. As a former JPMorgan official, she assisted Digital Asset in boosting the clientele and was integrating personalized blockchain solutions.
She was extremely important for the company for all the work she had previously done at JP Morgan and was seen as an innovator after she brought the credibility to the blockchain sector when there wasn’t too much experience in the sector.
As a replacement for the CEO position, AG Gangadhar will take the role as a tech industry veteran until a permanent replacement is found.
In a press release Masters said:
‘’We are fortunate to have a deep bench of accomplished executives on the management team and Board, including AG, who have the requisite experience to take the company to the next level. Having come to know and trust AG as an advisor and Board member, I am convinced that he brings what’s needed to guide the company through its next phase.’’
Master’s resignation comes in a critical moment where more than 50 percent of the blockchain projects failed to deliver a product. Many see this decision as the time when veterans start leaving the blockchain market due to the growing criticism of the crypto industry.
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The Real Satoshi Nakamoto To Be Revealed By John McAfee
‘’I protected the identity of Satoshi. It's time, though, that this be put to bed. Imposters claim to be him, we are spending time and energy in search of him - It's a waste. Every day I will narrow down the identity of Satoshi until he reveals himself, or I reveal him.’’One of the reasons why the bitcoin price was fluctuating and got so many people interested in it’s because of the anonymity of the real Satoshi Nakamoto. The creator of the cryptocurrency is still unknown despite many traders, analysts or businessmen claim to be him. It appears that Craig Wright is claiming to be the creator of BTC for quite some time now. McAfee is getting frustrated as we can see so he wants the truth to come out. People around the world are wondering if McAfee does really know the identity of the real Satoshi Nakamoto because of his background. Many are concerned that this kind of news could affect the price of the cryptocurrency to tumble down. This can also be one of the conspiracy theories as we have previously reported in our altcoin news. The reason why this story is important is that the success of Bitcoin cannot be attributed to a single person yet. The story about the identity of the real Satoshi Nakamoto was centered on his/hers wallet. There are thousands of BTC coins still untouched and if we get to see some action in the wallet, this could be one of the solid proofs for the founder to communicate with the rest of the crypto community. This, of course, has not happened yet. John McAfee is known to stir a lot of attention around him. He got the attention once when he said he would run for a president. However, he has now launched a countdown so we are yet to see if he was serious or just playing.
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Ex Mt.Gox CEO Mark Karpeles Refuses Brock Pierce’s Claims Of Rebooting The Exchange
“As far as I know no agreement was reached within 45 days, nor did the court and the trustee approve such an agreement. We were working with our lawyers at the time in good faith to follow the terms defined there but failed to hear back from Sunlot after they assured they were working on this, including assisting in getting approval from the court.”Another problem appeared when Pierce claimed that his initiative could start the creditor recovery after he claimed that the entire problem could be settled within a year rather than the 5 years it would take under the wing of the Tokyo attorney Nobuaki Kobayashi. Karpeles continued:
“As to distributing assets faster than the trustee, I haven't heard at this point anything that would make this possible from Gox Rising [sic]. The published plans seem to imply reviving Mt. Gox and creating a lot of complex legal structures which may take time to happen.”Karpeles pleaded not guilty in his trial but was eventually charged for embezzlement of $3 million from Mt.Gox.
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