Jeremy Allaire’s Circle the Latest to Distance Itself from Facebook’s Libra

Jeremy Allaire’s Circle issued a U.S. dollar-backed stablecoin before stablecoins were cool. Now that Facebook has joined the fray with its Libra coin, which is designed to be backed by a basket of fiat currencies (and maybe other financial instruments), the spotlight on stablecoins has grown brighter. But Allaire, who is testifying in front of […]

The post Jeremy Allaire’s Circle the Latest to Distance Itself from Facebook’s Libra appeared first on CCN Markets



from CCN Markets https://ift.tt/2yqCVxW

Comments

Post a Comment

Popular posts from this blog

Market Cipher B — Reversed Engineered and Free

Hello Everyone, I have reverse engineered CryptoFace's Market Cipher B. It is free on TradingView now. Please share and like the TradingView script. https://www.tradingview.com/script/FxSyGhQl-Market-Cipher-B/ submitted by /u/jamesinator69 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2Yy0UJV
Read more

Not ready to go public? That’s the perfect time to think about going public

Image
The disastrous failure of WeWork’s non-IPO provided not just a dramatic crash-and-burn spectacle, but also a valuable cautionary tale about how not to do an IPO.  Even if your company is not ready to go public at the moment, if there may be an IPO in your future, things go more smoothly for companies that begin the work well in advance.  As a financial manager who consults for public and soon-to-be-public companies, I’ve worked with organizations traveling along a well-planned path, and those with an IPO date looming and management panicking. Here’s what I’ve learned in the process.  Have a business plan that demonstrates a path to profitability The first tech boom clearly demonstrated the folly of having an IPO with nothing more than “a good idea.”  Now, especially after several high-profile IPO failures, investor sentiment has swung to favor companies that demonstrate a solid growth history and a clear path to profitability. Go disciplined or go home Ven...
Read more

Oh no!!! The price of BTC is dropping because of this and that. Who cares? I sure don't, because I am betting on the potential of Bitcoin as a medium of exhange in the long term.

I love how people don't get that many are super long on Bitcoin because they understand it will be how money is commonly exchanged in the future. It's not just speculative. There is no central authority and no one single company pushing it, so yes, so the development of payment networks, apps, infrastructure, and so forth is taking a while. Look at innovations like SegWit and the Lightning Network. These are only the beginning. The improvement of renewable energy should help with mining as well. As Mark Cuban put it, Bitcoin will reach the masses when it's so easy your gma could use it. Well, it's taking time, but the technology that will be behind bringing Bitcoin to the masses will be no more complicated than the technology behind paying with a debit card at the grocery store. You just don't think about it because they have boiled a system that reads a chip and then instantly transfers funds from your institution to another across hundreds or thousands of miles d...
Read more