News 

OANDA Looking for a New CEO as Vatsa Narasimha Steps Down

“OANDA just confirmed to Finance Magnates that the firm is on the lookout for a new CEO. After serving as CEO of the retail broker for a bit over 2 years, Vatsa Narasimha is leaving his position” writes Victor Golovtchenko for financemagnates.com. The company welcomed the former CEO of IG Group Tim Howkins in the final quarter of last year.The company is now commencing a search for a new CEO only about half a year since its acquisition by CVC Capital Partners. Source: financemagnates.com

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Airbus is scrapping production of its iconic A380 superjumbo as airlines ditch the biggest commercial jet in history

“Airbus says it will stop manufacturing its iconic A380 superjumbo jet, the world’s largest passenger plane” writes Alexandra Ma for businessinsider.com. Enders, the Airbus CEO said: “Today’s announcement is painful for us and the A380 communities worldwide.The decision comes after Emirates Airlines — which operates the largest fleet of Airbus A380s in the world — reduced its orderbook from 162 to 123 aircraft. Source: businessinsider.com

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Oracle CEO Mark Hurd throws shade at SAP’s $8 billion Qualtrics acquisition: We don’t buy companies ‘to just buy them’

“But Hurd indicated that he doesn’t think much of how SAP goes about the business of buying smaller companies” writes Rosalie Chan for businessinsider.com. Hurd says that instead, Oracle will focus on making acquisitions that help it compete to win deals in specific industries. Source: businessinsider.com

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Crypto News 

Most Digital Tokens ‘Will Go to Zero’ Says Digital Currency Group CEO

“Barry Silbert, CEO and founder of Digital Currency Group and Grayscale Investments, said that the majority of digital tokens will not have value in the long run, CNBC reports on Feb. 13” writes Aaron Wood for cointelegraph.com. In a purported phone interview with CNBC, Silbert said “I’m not a believer in the vast majority of digital tokens and I believe most will go to zero.”. While Bitcoin has “a really ugly technical chart” in Silbert’s opinion, it has “won the race to be digital gold.”.  Source: cointelegraph.com

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Crypto News Oil Platforms 

Former JPMorgan Exec Becomes New CEO of Blockchain-Based Commodity Trading Platform Vakt

“Having served as a managing director at both JPMorgan Chase and Mercuria Energy Trading S.A., Amic is expected to bring direct experience in commodities trading to the Vakt platform, which is designed to digitize physical commodities trading by cutting out paperwork” writes Helen Partz for cointelegraph.com. Former JPMorgan Chase executive Etienne Amic has been appointed as new CEO at Vakt, a blockchain-based commodity post-trade platform, according to a press release shared with Cointelegraph on Feb. 13.United Kingdom-based Vakt — whose platform launched in November 2018 in partnership with major oil…

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T. Rowe Price raises dividend, beefs up share buyback program and says CEO will also be chairman

“The company is also adding 10 million shares to its buyback program, bringing the total of 22.4 million shares” writes Ciara Linnane for marketwatch.com. TROW, +4.77% said Wednesday it is raising its quarterly dividend and beefing up its share buyback authorization.The investment company said it is raising the dividend by 8.6% to 76 cents a share.Non-executive Chairman Brian Rogers is retiring at the company’s annual shareholders meeting on April 25. Source: marketwatch.com

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T-Mobile CEO to defend Sprint deal in Congress

“Unions, consumer advocates, rural operators and some lawmakers have criticized the deal, saying it will cause job losses and lead to higher prices” reports businessinsider.com. Consumer advocates have said that since Sprint and T-Mobile have a big market share in prepaid plans favored by the poorest wireless customers, they were likely to be disproportionately hurt by the deal. Source: businessinsider.com

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Crypto Markets News 

Decentralization Doesn’t Negate Taxation, Bittax CEO Says

“Recently, Finance Magnates spoke with Gidi Bar Zakay, CEO of Bittax, about his company, and how tax practices in the cryptocurrency industry have evolved over the past year, and how they will continue to evolve in the future” writes Rachel Mcintosh for financemagnates.com. With the lack of clear regulations and assistance for paying taxes, most of these taxes remain unpaid.Confusion erupted last year when crypto holders who had made massive gains on their cryptocurrency holdings were suddenly faced with tax season.In 2018, a number of reports emerged that cryptocurrency users…

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