Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time.
Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new advisory role on the company’s board of directors, Bitstamp executives told Cointelegraph on Oct. 22.
Julian Sawyer, who currently serves as the managing director of the United Kingdom and Europe at major global crypto exchange Gemini, will replace Kodrič, becoming the second CEO in Bitstamp’s history.
The replacement is purportedly a response to the dynamic growth of the exchange over the last nine years.
Kodrič says that Bitstamp has grown far beyond his initial vision since he founded it years ago. At the time, Bitcoin was trading at just a few cents, and Kodrič managed to set up the exchange in a garage with 1,000 euros, two laptops and a server. Now, Bitcoin (BTC) is trading at $12,783, while Bitstamp is one of the world’s top crypto exchanges. Kodrič said:
“After much thought, I’ve come to the conclusion that Bitstamp has already grown beyond what I envisioned it would become and it is time for someone else to expand this vision further. […] Although we’ve grown exponentially, it still feels like Bitstamp is just getting started.”
Sawyer has over 20 years of banking and fintech experience. In May 2015, Sawyer co-founded Starling Bank, where he served as chief operating officer until 2019. The exec also served as a consultant and advisor to other banks and founded financial management consulting firm Bluerock Consulting.
At publishing time, Bitstamp is ranked the eighth-largest crypto exchange by daily trading volume, which is around $373 million, according to data from CoinGecko. The exchange provides trading services for seven major cryptocurrencies, among them Bitcoin, Ether (ETH) and XRP.
Ebang International Holdings Inc. Establishes Subsidiary in Australia in Preparation of Establishing Digital Asset Financial Service Platform
HANGZHOU, China, Oct. 22, 2020 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a leading Bitcoin mining machine producer in the global market in terms of computing power sold in 2019*, today announced that it has established a wholly-owned subsidiary in Australia as part of its growth strategy to build a digital asset financial service platform which is in the stages of preparation.
Mr. Dong Hu, Chairman and CEO of the Company, commented, “We are pleased to announce that the Company has established its presence in Australia in furtherance of our strategies to launch comprehensive blockchain-enabled financial business and capture the growth opportunity along the value chain of the blockchain industry. We are currently applying for the Australian financial service license in preparation for our global expansion.”
There is no guarantee that the Company will receive the requisite regulatory approvals and licenses to operate its proposed business in Australia in a timely manner or on commercially reasonable terms, or at all, or that the Company will commence the proposed business as planned, or at all. Shareholders are cautioned not to place undue reliance on this press release.
About Ebang International Holdings Inc.
Ebang International Holdings Inc. is a leading Bitcoin mining machine producer in the global market in terms of computing power sold in 2019*, with strong application-specific integrated circuit (ASIC) chip design capability underpinned by nearly a decade of industry experience and expertise in the telecommunications business. With its licensed or registered entities in various jurisdictions, the Company seeks to launch a fully-licensed digital asset financial service platform to provide professional, convenient and innovative trading services. For more information, please visit https://ir.ebang.com.cn/.
*According to an industry report prepared by Frost & Sullivan in 2019
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s development plans and business outlook, which can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “potential,” “future,” “intends,” “plans,” “believes,” “estimates,” “continue,” “likely to” and other similar expressions. Such statements are not historical facts, and are based upon the Company’s current beliefs, plans and expectations, and the current market and operating conditions. Forward-looking statements involve inherent known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance and achievements to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date indicated, and the Company undertakes no obligation to update or revise the information contained in any forward-looking statements as a result of new information, future events or otherwise, except as required under applicable law.
Investor Relations Contact
For investor and media inquiries, please contact:
Ebang International Holdings Inc.
Email: [email protected]
Ascent Investor Relations LLC
Ms. Tina Xiao
Tel: (917) 609-0333
Email: [email protected]
EBANG INTERNATIONAL HOLDINGS INC.
Author: EBANG INTERNATIONAL HOLDINGS INC.
Hong Kong Crypto Exchange Launches Hardware Wallet With Fingerprint Recognition | Wallets Bitcoin News
The Hong Kong-based crypto exchange Gate.io has launched a new type of hardware wallet that features fingerprint recognition. The device supports over 10,000 cryptocurrencies with wallet.io and multi-signature functionality with over 40 public chains.
The well known cryptocurrency exchange, Gate.io, has announced the launch of the S1 hardware wallet that supports multi-signature functionality and a unique way to keep funds secure. The S1 device is different because it comes with fingerprint recognition located on the in-built display. Gate.io’s CMO, Marie Tatibouet, detailed that the fingerprint creates an exclusive and unique password for every S1 owner.
“The private key is locked in the hardware itself, safely away from the internet, and it makes it more convenient in signature signing when the user makes a daily use transfer,” Tatibouet explained during the announcement.
The company claims all the owner needs is a computer or smartphone and then they can authorize a transfer transaction with a fingerprint. Gate.io believes the S1 framework will also bolster the firm’s Gatechain project and decentralized finance (defi) use cases.
“Wallet S1 can be used in combination with a Vault address at Gatechain,” Gate.io notes. The exchange considers the new S1 device to be “the first hardware wallet with the world-leading fingerprint recognition algorithm which can auto initialize when detecting brute-force attack.” S1 is also powered by the flagship SOC chip and a unique dual- CPU architecture.
Gate.io believes crypto asset security is extremely important in the defi space and noncustodial services allow crypto users to limit themselves from restrictions imposed by a centralized platform. According to the firm, the S1 hardware wallet will start at $50 and each unit is 60mm x 20mm x 6mm in size. The hardware device works in unison with the wallet.io platform.
The Hong Kong trading platform’s new device joins a myriad of hardware wallets available on the open market today. This includes products from Trezor, Ledger, Ellipal, Keepkey, Ngrave, Bitbox, Coolwallet, Bitlox, and Coldcard.
What do you think about Gate.io’s S1 hardware wallet with fingerprint recognition technology? Let us know in the comments section below.
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Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Exchange Inflows from Bitcoin Whales Spike as Analysts Expect Selloff
Bitcoin has been expressing tremendous strength throughout the past few days, with its price seeing an unrelenting uptrend that has allowed it to surmount multiple strong resistance levels and flip them into support.
Its momentum stalled slightly yesterday afternoon following its rejection at $13,200, but this appeared to be only a slight speedbump, as BTC may soon retest this level as bulls move to reclaim $13,000.
This rally’s strength has been impressive, but the benchmark cryptocurrency may soon face a slight selloff that comes about due to spot selling pressure from so-called whales.
The CEO of a major blockchain analytics firm observed that exchange inflows from large holders of the crypto are spiking, which indicates that they are getting ready to sell their positions.
This may place some slight pressure on Bitcoin in the coming few days.
That being said, unless it pushes the cryptocurrency below the support it has established throughout the lower-$12,000 region, it is unlikely that it will do much damage to its overtly bullish market structure.
At the time of writing, Bitcoin is trading up over 1% at its current price of $12,940. This is around where it has been trading throughout the past 12 hours or so.
Yesterday afternoon, the crypto rallied all the way up to highs of $13,200 before facing a rejection that sent it back into the $12,000 region.
It has been consolidating ever since, struggling to gain any decisive momentum as bears defend $13,000.
The lack of follow-through on the post-rejection selloff does favor bulls and seems to indicate that it is only a matter of time before buyers shatter the resistance at $13,000.
The CEO of analytics platform CryptoQuant explained in a recent tweet that so-called Bitcoin whales are beginning to transfer portions of their holdings off of cold storage and into exchanges.
This suggests that a slight selloff could be right around the corner, although he doesn’t believe it will be too far-reaching.
“BTC Whales are depositing into exchanges. I expect a small drop. All Exchanges Inflow Mean (24h) hits over 2, but the bull market will keep going as the exchange whale ratio is still low.”
Image Courtesy of Ki Young Ju. Data via CryptoQuant.
How buyers respond to an influx of selling pressure from whales will provide some serious insights into where the entire market may trend next.