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.
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.
New York District Court Orders The Winklevoss Twins To Pay $45,000 To Charlie Shrem
“…plaintiff is liable ‘for all costs and damages, including reasonable attorneys’ fees’ where the plaintiff is granted an attachment and later found unentitled to that attachment.”Shrem was jailed for money laundering after he laundered more than $1 million in Bitcoin through the now inoperative bank Silk Road and was sued by the twins who accused him of stealing about 5,000 bitcoin in 2012. They claimed that Shrem has spent the tokens which now would have achieved a price of $17 million. Winklevoss noticed that after the partnership with Shrem, he had not delivered the cryptocurrencies as he promised. This is why they decided to try and recover the missing funds and bury the hatchet and even ended up investing in Shrem’s crypto exchange Bitinstant. However, a few months later, Shrem’s exchange fell apart and he went to prison but when he came out, he was insanely rich. This is when the twins started their legal proceeding and tried to get the tokens that Shrem owned them. The battle started in 2012 and has ended just a few days ago. Shrem, of course, denied all allegations.
USA Crypto Anarchist Shot To Death In His Home In Mexico
Breaking: Cypherpunks Co-Founder Timothy C. May Dies Of Natural Causes
“The State will of course try to slow or halt the spread of this [cryptography-based] technology, citing national security concerns, use of the technology by drug dealers and tax evaders, and fears of societal disintegration.”His friends posted on social media:
“Word has reached me that my dear friend, co-conspirator in many things and for many years, fellow Freedom Fighter Tim May passed away earlier this week at his home in Corralitos, California.”May noted in the Manifesto that all of the arguments and concerns will prove to be valid because the ‘’crypto anarchy’’ will let national secrets to be traded without a problem, freely and will allow for stolen materials to be traded. His friends and family confirm despite the fact that there hasn’t been an autopsy performed yet, that Timothy died from natural causes. Many people in the crypto community will agree that the ‘’anarchist movement’’ deserves much more credit or as almost as Satoshi Nakamoto for setting the foundation of cryptography. The creator of Bitcoin was allegedly in communication with the cyberpunk community before he published the whitepaper on Bitcoin in 2008.
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