Archiv für den Monat: Januar 2023

New CTO Takes Helm of Cryptocurrency Exchange Luno

• Timothy Stranex, the co-founder and chief technology officer of cryptocurrency exchange Luno, departed in December.
• He was replaced by Simon Ince, who joined Luno two years ago as vice president of engineering.
• Luno is headquartered in London and has over 10 million customers worldwide.

Cryptocurrency exchange Luno recently said goodbye to one of its co-founders, Timothy Stranex, who served as the company’s chief technology officer (CTO). Stranex, who founded the company nearly 10 years ago with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel, announced his departure in December to pursue personal projects.

Luno, which is owned by Digital Currency Group (DCG), the same parent company of CoinDesk, has since appointed Simon Ince to the position of CTO. Ince, who joined Luno two years ago as vice president of engineering, has taken on the role of leading Luno’s technical teams and overseeing the company’s technology strategy.

Luno currently has over 10 million customers worldwide, with offices in London, Singapore, Cape Town, Johannesburg, Lagos and Sydney. The exchange offers a range of services, including the ability to buy, sell, store and trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple.

In a statement, Swanepoel honored Stranex’s contributions to the company, saying: “We are grateful to Tim for his many years of service and dedication to Luno. His insight and passion have been instrumental in shaping the company and we wish him all the best in his future endeavors.”

Stranex also thanked Luno in his statement, expressing his excitement to see the company continue to grow and develop: “It has been an incredible ride to build Luno from the ground up and to serve as CTO for the past nine years. I am excited to see Luno continue to grow and I look forward to what the future holds for the company.”

As for Ince, he said he is looking forward to the challenge of leading Luno’s technical teams and helping to take the company to the next level. “I am thrilled to be taking on the role of CTO and I am excited to help Luno continue to deliver the best possible service to our customers,” he said.

With Luno now under new leadership, the company is looking ahead to the future and continuing to serve its customers with the best digital currency products and services.

US Attorney’s Office in Talks With FTX Director Over Possible Plea Agreement

• Bloomberg reports that one of FTX founder Sam Bankman-Fried’s former confidants and roommates is in talks with the US Attorney’s Office of the Southern District of New York regarding a plea agreement.
• Nishad Singh, FTX’s former director of engineering, is said to have met with prosecutors in a „proffer session“ which often includes an offer of limited immunity in exchange for speaking freely.
• The latest prices in crypto markets, as of Jan. 10, 2023, according to CoinDesk Market Index (CMI) are 843 (+0.0 ▲ 0.0%), Bitcoin (BTC) at $17,229 (−3.1 ▼ 0.0%), Ethereum (ETH) at $1,326 (+9.5 ▲ 0.7%), S&P 500 futures at 3,896.00 (−17.8 ▼ 0.5%), and the FTSE 100 at 7,710.53 (−14.4 ▼ 0.2%).

On Jan. 10, 2023, Bloomberg reported that one of FTX founder Sam Bankman-Fried’s former confidants and roommates, Nishad Singh, is in talks with the US Attorney’s Office of the Southern District of New York regarding a possible plea agreement. Singh, who was FTX’s former director of engineering, is said to have met with prosecutors in a „proffer session.“ Such meetings often include an offer of limited immunity in exchange for the interviewee to speak freely. It is important to note that Singh has not been accused of any wrongdoing.

The latest prices in crypto markets, as of Jan. 10, 2023, according to CoinDesk Market Index (CMI), are 843 (+0.0 ▲ 0.0%), Bitcoin (BTC) at $17,229 (−3.1 ▼ 0.0%), Ethereum (ETH) at $1,326 (+9.5 ▲ 0.7%), S&P 500 futures at 3,896.00 (−17.8 ▼ 0.5%), and the FTSE 100 at 7,710.53 (−14.4 ▼ 0.2%).

This news comes on the heels of CoinDesk’s Markets team announcing its upcoming conference in Austin, Texas on April 26-28. The conference is set to be an important conversation in crypto and Web3 and is sure to be an event not to miss.

It’s clear that the crypto markets are ever-evolving, and staying up to date on the latest news is essential for any investor. CoinDesk’s daily newsletter First Mover is a great place to stay informed on the latest moves in crypto markets, as it puts them in context and keeps readers up to date.

It remains to be seen what will come of the plea agreement talks between Nishad Singh and the US Attorney’s Office, but one thing is certain—the crypto market is ever-changing and staying informed is key.

MicroStrategy Ups Bitcoin Holdings to 132,500, Investing $44.6M in Two Months

• MicroStrategy, the business software vendor founded by crypto proponent Michael Saylor, has purchased an additional 2,395 bitcoins for $42.8 million between Nov. 1 and Dec. 21 through its MacroStrategy subsidiary.
• On Thursday, the company sold about 704 bitcoins for $11.8 million and then acquired an additional 810 bitcoins for $13.6 million, bringing its total holdings up to 132,500 bitcoins.
• The total cost of MicroStrategy’s acquisition of bitcoin since Nov. 1 is $44.6 million.

MicroStrategy, the business software vendor founded by crypto proponent Michael Saylor, has continued to add to its bitcoin (BTC) stockpile, purchasing about 2,395 bitcoins for $42.8 million between Nov. 1 and Dec. 21 through its MacroStrategy subsidiary, according to a filing with the Securities and Exchange Commission on Wednesday. This purchase marks the company’s ongoing commitment to acquiring bitcoin as an asset, bringing their total holdings up to 132,500 bitcoins.

The purchase was preceded by a sale of 704 bitcoins for $11.8 million last Thursday, with the company citing that the loss on the transaction would offset previous capital gains. This marks the first time MicroStrategy has sold bitcoin since it began acquiring the cryptocurrency in 2020. On Saturday, the company acquired an additional 810 bitcoins for $13.6 million, which further contributed to the company’s total bitcoin holdings. The total cost of MicroStrategy’s acquisition of bitcoin since Nov. 1 is $44.6 million.

The current market value of MicroStrategy’s investments in bitcoin is estimated to be $2.25 billion, a significant increase from their original purchase cost of $4 billion. Shares of MicroStrategy were up marginally in premarket trading, while the price of bitcoin remained little changed at about $16,700.

MicroStrategy’s decision to invest in bitcoin has been met with mixed reactions, with some arguing that it could be a risky move, while others applaud the company’s commitment to diversifying its portfolio. Regardless of the outcome, Michael Saylor and his team have made it clear that they are committed to investing in bitcoin and will continue to do so in the future.