Day: February 6, 2020

Zoom’s CIO Sees a Rise in the Decentralized Workforce

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Zoom might not be a decentralized app but as the go-to video conferencing tool for crypto project communications, it is seen by many as an important enabler of the industry’s various decentralized communities. Harry Moseley, a technologist with an eclectic career who is now Zoom’s chief information officer, sat down with CoinDesk’s Michael Casey to talk about the product and the future of the decentralized workplace. His first point is that talent isn’t evenly distributed. The only way to hire, he says, is to hire remotely. “We have more jobs…

Bitcoin ‘Best Bet’ in Crypto, XRP Will ‘Underperform’ — Mike Novogratz

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Controversial altcoin XRP is still “proving” itself, but Bitcoin (BTC) remains the recommended investment choice in the cryptocurrency world, Mike Novogratz says. In a series of tweets on Feb. 6, venture capitalist Novogratz, who is also CEO of the cryptocurrency merchant bank, Galaxy Digital, delivered modest praise of XRP and Ripple, the company which owns more of it than anyone else. Novogratz “surprised” by XRP performance “This year the broader alt market, including $XRP has outperformed $BTC.  This has surprised me,” he wrote.    “That said, I see more and more…

ICE CEO: New Acquisition Opens Trillion-Dollar Market for Bakkt

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Bakkt’s acquisition of a loyalty rewards company will “expand Bakkt’s presence across an asset class that today spans over $1 trillion in value,” its parent company’s CEO said Thursday. Speaking during Intercontinental Exchange’s Q4 earnings call Thursday, Jeffrey Sprecher said the company’s pending acquisition of Bridge2 Solutions, which will ultimately be acquired by the bitcoin warehouse, “will accelerate the second phase of our digital asset strategy.” “We began by building a regulated bitcoin custody solution as well as regulated futures and options on bitcoin,” he said. The second phase includes…

Bitcoin SV Soars but Thin Volume Hints Huge Crash Ahead

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Bitcoin SV (BSV) was among the major gainers this week as a macro bullish move pumped all the leading Bitcoin rivals. The fifth-largest cryptocurrency by market capitalization swelled 14.88 percent since Wednesday’s open, establishing a week-to-date high of $311.27. The move uphill came after days of choppy price actions which, in turn, followed a huge pump-and-dump action past mid-January, as shown in the chart below. The BSV/USD price at best looks choppy | Source: TradingView.com, Coinbase Think Bitcoin SV Volume The wild moves in the BSV/USD trade market came despite…

Tron Founder Justin Sun Finally Met With Warren Buffett for Charity Lunch

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Tron founder and CEO Justin Sun has finally had his charity lunch with Berkshire Hathaway chairman and famous billionaire Warren Buffett after a series of delays last year. On Jan. 23, Sun met with Buffett in a private not-for-profit country club in Nebraska, according to a press release shared with Cointelegraph on Feb. 6. The guests also included the founder of Litecoin Foundation, Charlie Lee, the CFO of Huobi, Chris Lee, the head of the Binance Charity Foundation, Helen Hai, and the CEO of eToro, Yoni Assia. Commenting on the…

Tron’s Justin Sun (Finally) Gets $4.5M Dinner With Warren Buffett

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Justin Sun and Warren Buffett discussed cryptocurrencies over dinner, six months after Sun canceled the original event claiming he had kidney stones. The TRON Foundation announced Thursday that Sun met the chairman and CEO of Berkshire Hathaway for dinner, at Buffett’s suggestion, at a private country club in his home city of Omaha, Neb., on Jan. 23. Sun brought several guests including Litecoin creator Charlie Lee, eToro CEO Yoni Assia, as well as the CFO of Huobi, Chris Lee, and head of the Binance Charity Foundation, Helen Hai. In a…

Overwriting Satoshi: Kraken Exec Says Bitcoin Wasn’t Built for Payments, Isn’t Peer-to-Peer

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As Director of Business Development for popular crypto exchange Kraken, when Dan Held speaks, people listen. As such, his recent 46-tweet diatribe on why the “payments narrative” for bitcoin is flawed grabbed the attention of many, tickling the ears of hardcore Lighting Network fans and bitcoin core maximalists alike. His argument is prima facie absurd, not to mention misleading. Also Read: Craig Wright’s ‘Bonded Courier’ Allegedly an Attorney Who Can’t Communicate Held Says Bitcoin Wasn’t Meant Primarily for Payments While constantly proselytizing folks about the “true meaning” of the bitcoin…

Lightning Labs to Simplify Bitcoin Payments with Fresh $10M Funding

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Lightning Labs, a Bitcoin payments startup has raised $10 million in Series A funding to promote the development of the Lightning payments technology and scale its developer ecosystem. The startup has also launched its first paid product, Lightning Loop to facilitate a more efficient transfer of payments on the Lightning network, according to a blog post on February 5, 2020. Lightning Labs $10 Million Series A Warchest Per the publication, Lightning Labs has raised $10 million in Series A funding to promote the development of the Lightning payments technology and scale…

UK Financial Watchdog Seeks Cryptocurrency Expert to Address EU Regulations

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The United Kingdom’s major financial regulator, the Financial Conduct Authority (FCA), is looking to hire a specialist with a cryptocurrency background. Specifically, the FCA is seeking an intelligence associate with crypto expertise to address digital assets under the European Union’s 5th Anti-Money Laundering Directive, the regulator said in a LinkedIn job posting on Feb. 6. Also known as 5AMLD, the new law came into effect on Jan. 10 and represents a major effort to tackle money laundering and terrorism financing across Europe, as previously reported. Expert will join the FCA’s…

Jack Dorsey-backed Lightning Labs Secures $10M to Create Visa Network for Bitcoin

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CEO Lightning Labs Elizabeth Stark announced that the company has raised $10 million to further develop their project and scale the developer ecosystem. The tech company also launched its flagship product Beta Loop after a series of testing. Through a medium blog post, Lightning Labs CEO and Co-founder Elizabeth Stark announced that the tech company had raised a $10 million Series A capital. The raised capital will be used to further its lightning payment system project that is being implemented on Bitcoin transactions, and also to bring on-board new developers…