Share this article
Bitcoin Advocate Jack Dorsey to Stay On as Twitter CEO
Dorsey's leadership position had been under scrutiny after activist investor Elliott Management took a major stake in Twitter in February.
Updated Apr 10, 2024, 2:58 a.m. Published Nov 3, 2020, 12:13 p.m.
Make us preferred on Google
Jack Dorsey will retain his position as chief executive officer at social media giant Twitter.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- A committee formed earlier this year to review Twitter's leadership has concluded the current management structure with Dorsey at the helm is sufficient, Bloomberg reported Tuesday, citing a company filing on the matter.
- "The board will continue to evaluate company and management performance according to a range of factors, including the company’s operating plan and established milestones,” the filing said, while expressing confidence in the existing leadership.
- The panel reviewing a potential leadership change included representatives from activist investor Elliott Management Corp., which took a major stake in Twitter in February.
- The firm had initially been eyeing changes to the firm's management, with the possible removal of Jack Dorsey as CEO, according to a Bloomberg report at the time based on sources.
- Twitter shares gained about 1% in extended trading on Tuesday's news.
- The decision to retain Dorsey is also an approval of his ability to lead two public companies concurrently. Along with Twitter, he also heads payments company Square, which recently disclosed bitcoin treasury holdings and has a cryptocurrency development unit.
- While the review committee is keeping Dorsey as Twitter's chief, it also introduced a plan that would make it easier for outside investors such as Elliott to take control by replacing board members, Bloomberg reported.
Also read: Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
What to know:
- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
Top Stories
