Blythe Masters news

CEO of Digital Asset Holdings, a financial technology firm developing distributed ledger technology for wholesale financial services.

World latest news

Digital Asset Announces New CEO, Yuval Rooz, To Replace Blythe Masters

Digital Asset Announces New CEO Few things influence the success of a company like their choice of a CEO. Not only do their decisions shape the future of said company, but can also become synonymous with the establishment itself in the same way Justin Sun is the public face of TRON and Vitalik Buterin is […]
Bitcoin Exchange Guide

Digital Asset picks new CEO after exit of Blythe Masters

Digital Asset, the New York-based blockchain company, has found a new chief executive officer to replace Wall Street veteran Blythe Masters, who stepped down from the position at the end of 2018, the company announced Tuesday. Yuval Rooz, the firm's former chief operating officer, was appointed CEO, according to a press release. Rooz, a former high-frequency trading executive, takes the reigns of firm after a number of key personnel exits, including the head of its European business, Gavin Wells, who left in March. In February, James Powell, its former CIO and CTO, left in February, as reported by CoinDesk. AG Gangadhar served as temporary CEO during the firm's executive search. "Along with the rest of the Board, I feel very strongly that Yuval's strategic agility, business acumen, mission-driven orientation and deep belief in our people and products make him uniquely qualified to lead Digital Asset successfully into the future,” the former Uber executive said of Rooz's appointment.  Rooz will have to fill the shoes of Masters, a juggernaut in the blockchain market who led firm through its expansion globally. The former JPMorgan banker retains her seat on the firm's board.  Digital Asset, which was founded in 2014, has raised millions on the promise that banks like JPMorgan would need to implement blockchain technology to improve different functions such as trade processing.   As for Rooz, he joined Digital Assets from Chicago-based HFT DRW Trading, where he launched its venture unit DRW Ventures, which is known to invest in the blockchain market.  
The Block Crypto

Blockchain Firm Digital Asset Loses CTO James Powell, Two Months After Loss of CEO Blythe Masters

Digital Asset is a financial blockchain company, which means that it thrives on the distributed ledger technology that has brought support to many industries. However, no matter how transparent or immutable the ledger is, DA seems to be unable to hold onto the executives that would keep it running seamlessly. The departure of CEO Blythe Masters was rough enough, but the company has now lost another – James Powell. Powell was the CTO of engineering, as well as the chief information officer. However, after only six months at the company, Powell chose to leave for greener pastures at the end of last month. As far as any resources can tell, the departure of Masters had nothing to do with Powell’s decision, but that it instead had to do with the overall culture of DA. When Powell had joined, he had already held down senior positions at Thomson Reuters and Warburg Pincus, among others. Shaul Kfir, the CTO of architecture and a founding team member, is now going to handle the responsibilities that Powell leaves behind. At this point, the former CTO of engineering has not responded to requests for comment. In the meantime, Zohar Hod has just been onboard with DA as the chief strategy officer. The trading technology veteran will be directed by Yuval Rooz, the co-founder, and chief operating officer. The position is brand new, but Hod will focus on examining the market demand and competitive landscape for blockchain technology. His work will propel the company forward as he advises the leadership about opportunities to expand. Hod already has spent 8 years working with Intercontinental Exchange (ICE), which was created by the New York Stock Exchange. He also spent several years with IBM and was the CEO of a post-trade data firm called truePTS. Right now, Digital Asset is the home to over 175 employees in six locations, including New York, London, and Zurich. It has worked to become a bellwether for DLT upgrades and integration, which can be credited to the work they have done to replace the CHESS clearing and settlement system for the Australian Stock Exchange. Regardless of the changes of leadership at ASX, Masters’ departure will not alter the projected timeline for the project. Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 13th)
Bitcoin Exchange Guide

Blythe Masters, Former Banker Steps Down As Blockchain Reality Hits

Blythe Masters, the former JPMorgan Chase & Co. executive is stepping down as the CEO of Digital Asset Holdings. This comes three years after she joined to great fanfare […] The post Blythe Masters, Former Banker Steps Down As Blockchain Reality Hits appeared first on UseTheBitcoin.
Use The Bitcoin
More news sources

Blythe Masters news by Finrazor

Trending

Hot news

Hot world news

High ETH Prices Are (Finally) Good For Ethereum

Things are looking pretty bullish for Ethereum (ETH). The Ether price has surged by over ten percent in the past couple of days, and crossed above the psychological $200 barrier earlier this afternoon. That could be a strong buy signal for technical traders, as Crypto Briefing analysts reported yesterday.   Source: CoinMarketCap How High ETH Prices Harm Ethereum But what does a high Ether price mean for the smart contract network? There’s an obvious benefit for speculators and miners. But past experience has shown that anyone seeking to build dApps or just use the network could be severely hampered when markets turn bullish. That’s because the higher ETH prices get, the more expensive it is to use the platform. Users have to pay for everything they do on the network, from smart contract computations to token transfers. Rising gas fees could push end-users onto cheaper alternatives, like EOS or TRON, which offer similar functionality with lower fees. At least, that’s the received wisdom, which so far seems to be supported by experience. And it’s still technically true today: when it comes to using the ETH network, the downsides of a high Ether price tend to outweigh the advantages. Does Expensive ETH Mean A Stronger Network? However, Ethereum is (eventually) transitioning towards a Proof-of-Stake consensus model, which will require a financial commitment in order to participate. Instead of mining blocks through proof-of-work, block-producing nodes will have to stake ETH tokens as collateral in order to validate the network. That could have a significant impact on Ether’s market dynamics. Stakeholders will risk losing their hodlings if they fail to maintain connected and up-to-date node software. An expensive ETH would provide a strong disincentive to malicious or careless actors on the network. “If the chain is going to be secure, then there are inherent benefits from having high-valued Ethereum,” explained Nic Carter, Partner at Castle Island Ventures, in an interview with Laura Shin. A high Ether price, he added, would also provide “high-powered collateral, for DeFi applications for instance.”  Carter also pointed out that most networks have become too preoccupied with one or two “glamour metrics,” which may burnish their credentials but do not represent credible advantages. EOS, for example, has focused solely on scalability at the expense of decentralization. One tradeoff of those high speeds is that EOS relies on a small group of validators, which could present a systemic risk if they decided to collude or otherwise abuse their privileged positions. Ethereum’s key advantage is that it is the only platform with a vibrant community, Carter added, which comes with an “organic groundswell of usage and development.” Because of that organic usage, investors may be attracted to hold ETH for the long-term. “I think we noticed a little bit of a recalibration where initially [Ether] was computational gas,” Carter went on to say. “More recently, certain high-profile Ethereans have been saying, ‘well actually Ethereum itself is money.'” A strong Ether price could still push people off the network, but the community has been exceptionally resilient to market volatility and rival platforms over the past two years. The burgeoning DeFi space, and the added security after transitioning to Proof-of-Stake, could make high prices a net positive for the Ethereum network. The post High ETH Prices Are (Finally) Good For Ethereum appeared first on Crypto Briefing.
CryptoBriefing
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.