Digital retail platform Overstock.com’s new CEO is not planning any major changes to the company’s blockchain efforts after the departure of its founder. Patrick Byrne, the now-former CEO of Overstock, made headlines Thursday after announcing his resignation as both the head of his company and a member of its board. He wrote in a letter to shareholders that he did not want to “disrupt ... In a post directed to former colleagues of the company, Byrne stated that by Friday, Sept. 20 all proceeds, minus tens of millions in taxes, will have made their way into “counter-cyclical” investments including gold, silver and “two flavors” of crypto.. The kooky businessman didn’t, however, reveal which cryptocurrencies would receive a bid thanks to the cash injection. At the same time, Binance CEO’s rank has notably surged from $1.3 billion in 2019 to $2.6 billion in 2020, according to the publicly available lists. The six wealthiest blockchain and crypto people in the latest Hurun list are: Binance CEO Changpeng Zhao ($2.6 billion). Bitmain’s ousted co-founder Micree Zhan Ketuan ($1.6 billion). By CCN: On May 10, Changpeng Zhao, the CEO of Binance, the world’s largest crypto exchange, released a security incident update regarding the firm’s loss of 7,000 bitcoin.. Following the high-profile security breach of the exchange during which sophisticated tools and methods were used to steal $44 million from Binance, the firm swiftly revamped its security measures and practices. Overstock.com CEO Patrick Byrne explained yesterday why he’s optimistic about Bitcoin, during an appearance on FOX Business’ Mornings with Maria. With hosts keen to point out Bitcoin’s monumental rise as a potential bubble, Byrne instead identified the US dollar as an equally dubious store of value. Saylor, the first public company CEO to allocate a meaningful portion of his company's balance sheet to Bitcoin, had this to say: The hard forks I think are a big advantage. The fact that Bitcoin went through it and we saw what happened and we saw that the community would defend Bitcoin, that's what gives a person like me confidence to invest hundreds of millions of dollars into bitcoin. I don ... Senate Says Jailed Russian Spy Bonded With Overstock CEO Over Bitcoin Hoping to Get to Rand Paul. Crypto News Government. By TeamMMG On Aug 18, 2020. Share. New details of the salacious Butina–Byrne romance that led the Overstock CEO to resign emerge in the latest volume of the Senate’s Russia investigation. On Aug. 18, the United States Senate Intelligence Committee released volume five ...
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