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Crypto Exchange Huobi’s ‘Strategic Partner’ HBUS Hires Ex-PWC and Intuit Compliance Director as CCO

HBUS, the U.S.-based “strategic partner” of sixth largest crypto exchange Huobi, has hired a new Chief Compliance Officer (CCO). The company has revealed this in a press release shared with Cointelegraph Oct. 11. The new CCO, Megan Monroe-Coleman, was formerly MTL Compliance Officer at U.S. software giant Intuit, following the company’s acquisition of financial software firm Mint, where Monroe-Coleman had ...

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Ex-FBI Director Louis Freeh Opens up about Tether Investigation

The controversial “stablecoin” known as Tether has certainly had an interesting past few months. Company founders say the token is backed by physical USD at a 1-to-1 ratio, which has sparked immense discussion and debate inside of the cryptocurrency community. Some see Tether as a systemic risk to the entire virtual currency world. Others see the startup behind it as ...

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‘Big Four’ Giant PwC Director Quits, Joins Bitcoin Exchange as CEO in Australia

A director at ‘big four’ accounting giant PricewaterhouseCoopers (PWC)  in Australia has quit the firm to join crypto exchange bitcoin.com.au as its newest CEO. Ben Ingram left PwC Australia back in March, where he was responsible for digital strategy, accounting and consulting, as its director before taking over the exchange as its chief executive, Business Insider Australia reports. The executive ...

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Facebook’s Blockchain Division Has a New Director of Engineering

Social media giant Facebook has recently promoted senior engineer Evan Cheng to director of engineering for its recently-launched blockchain division. Earlier in May, Facebook put together a team led by David Marcus, Coinbase board member and former president at PayPal, to explore blockchain technology and its potential use cases for the platform. The team consisted of less than a few ...

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Facebook Director of Engineering Moves to Same Position at Company’s Blockchain Team

Evan Cheng, Facebook’s Director of Engineering of three years, has now moved to the same position at the company’s recently established blockchain team, TechCrunch reported Friday, July 6. The software engineer has updated his LinkedIn profile to reflect the newly acquired position, and the change has also been confirmed to TechCrunch by Facebook. Prior to this, Cheng was heading Programming ...

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Facebook Appoints Director of Engineering Blockchain

Director of engineering blockchain: Facebook has appointed one of its senior engineers Evan Cheng as its first “director of engineering blockchain”.  The new position was confirmed by Facebook on Tuesday and signals the companies seriousness about the technology. Cheng has previously been responsible for heading up Programming Languages & Runtimes at Facebook. Prior to that, he held a 10-year stint ...

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Facebook Appoints Director of Engineering Blockchain

Director of engineering blockchain: Facebook has appointed one of its senior engineers Evan Cheng as its first “director of engineering blockchain”.  The new position was confirmed by Facebook on Tuesday and signals the companies seriousness about the technology. Cheng has previously been responsible for heading up Programming Languages & Runtimes at Facebook. Prior to that, he held a 10-year stint ...

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Swiss Finance Director Confident That Full Banking Will Extend to Crypto Companies

Switzerland appears to be moving closer to offering traditional banking services to the large numbers of blockchain companies that have set up there. The finance director of Zug, one of the centres of the nation’s blockchain industry, has spoken optimistically about the market’s future regarding banking. Zug Finance Director: “We Hope to Clarify Relationships by the End of the Year” ...

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Crypto Tech Isn’t Good Enough National Digital Currency, Says Swiss Central Bank Director

The board director of the Swiss central bank Thomas Moser voiced his doubts about the possibility of an ‘e-franc’ state cryptocurrency when speaking at the 2018 Crypto Valley Blockchain conference in Zug, Switzerland yesterday. SwissInfo reports that Moser stated the potential impact of cryptocurrencies and blockchain tech on the traditional finance system is unclear and the technology isn’t at an ...

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Tether Fully Backed by USD, Law Firm Founded by Fmr. FBI Director Says

Controversial cryptocurrency startup Tether has released a “transparency update” indicating that its dollar-pegged USDT token, which had a $2.55 billion market cap as of June 1, is fully backed by physical dollars deposited in two separate banks. Released on Wednesday, the report was a product of Freeh, Sporkin & Sullivan LLP (FSS), a legal firm founded by three former federal ...

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