Phil Potter, chief strategy officer for cryptocurrency exchange Bitfinex, has reportedly left the company.
Reuters reported Friday that Potter, who is also a director of the 'stablecoin' issuing company Tether, will be temporarily replaced by Jan Ludovicus van der Velde, Bitfinex's CEO. A spokesperson told the news service that the parting was "Mutual" in nature.
"As Bitfinex pivots to other strategic international markets, I felt this was a natural time for me to depart the executive team. I am looking forward to new opportunities in the days ahead.".
According to data from Coinhills, Bitfinex is the fourth-largest exchange by trade volume, sporting roughly 121,000 BTC or roughly $750 million in volume over the past 24 hours.
The exchange has been at the center of controversy for some time, largely due to its close links to Tether.
Just this week, law firm Freeh Sporkin & Sullivan LLP released a report attesting that Tether's USDT token is fully backed by more than $2 billion in reserves.
Some quarters of the cryptocurrency community remain unconvinced, with the report sparking a fresh round of allegations that USDT has been used to inflate the price of bitcoin.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Bitfinex's Chief Strategy Officer Leaves Crypto Exchange
Udgivet den Jun 22, 2018
by Coindesk | Udgivet den Coinage
Coinage
Nævnt i denne artikel
Seneste nyheder
Se alt
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.