Writer and editor Molly Jane Zuckerman got the chance to sit down with the author of Bitcoin Billionaires, Ben Mezrich and one of the subjects for the book, Tyler Winklevoss, for an exclusive interview for CT.
For those don’t know, when the publication was released, the irony was seemingly clear to many readers. Given that the novel is just under 300 pages, the general narrative is the story of the Winklevoss twins and how they have succeeded in the cryptocurrency space which somehow cleared their name from ever being associated to what was called ‘The Facebook’.
Zuckerman asked Tyler what his thoughts are on the upcoming project from the aforementioned social media, dubbed Libra.
“So, first off, I think that Facebook being in this space is huge validation for it.
I think that if you are a company in 2019, and you don’t have a crypto story or game plan, it’s kind of crazy. And if you don’t, I’m sure you’re scrambling around to get one.
Ultimately we think it’s great validation in the space. I’ve read some of the technical papers and whatnot and it looks like it is evolving and they’re still figuring out exactly all the details. But there’s a plan to start, in some way move it to more decentralization.”
In the film, The Social Network, both twins were portrayed in an almost victim fashion, which in a sense they ere. But it’s good to see that they quickly shook off the attachment of Facebook before it burrowed in too deep with the Winklevoss name.
In talking about the upcoming Bakkt platform, which is set to see launch next week, Tyler went onto state:
“I think that people, traders, investors and consumers will ultimately want to see the same opportunities to express opinions through financial instruments in bitcoin as they see in gold. But because we live in the world of cryptocurrency, there may be much more, too. There may be decentralized exchanges and more decentralized finance applications that you can’t create outside of the crypto world.
“I think you’d expect to see what exists in gold but also much more in crypto.”
If reproduced, please indicate the source: https://www.uucj.net/tyler-winklevoss-on-upcoming-launch-of-bakkt/
Japan, one of the world leaders in blockchain development, has been tipped to be leading the top crypto destinations in 2020. Believed to be the where crypto originated from, the country remains one of the first countries that regulated cryptocurrency activities, including exchanges. Japan’s Financial Services Agency (FSA) has continued over time to regulate crypto institutions and dealers. This is in lieu of a series of hack attacks as well as the Mt. Gox two billion United States dollars worth of hacks, which are still being settled in court and its planned takeover by Fortress. Bitflyer activities, too, have allowed for a major push up in the crypto space in the country. Following the re-launch of the trading platform, reports have it that the domestic population continues to turn away from crypto as institutions are increasingly getting into the field of blockchain such as Rakuten. However, the blockchain institutional investment is expected to soar in the coming year, and having a regulated crypto environment adds appeal to the country as the preferred destination given for other investors. The hallmark of…Jan 1, 2020
Cryptocurrencies became a steady payment solution in different industries in the recent couple of years – this is despite the roller-coaster ride of the Bitcoin market. Payment through cryptocurrencies is fast, easy, and most of all, secure. It’s also a convenient solution for international transactions available worldwide, with more than 150 billion dollars in market capitalization. Indeed, Bitcoin has gone big. Bitcoin is still the most used cryptocurrency on the digital currency scene. Many big companies like Microsoft, PayPal, Expedia, and Subway just to name a few, accept Bitcoins as a payment. Cryptocurrencies are therefore a worthwhile addition to every eCommerce venture, especially as a payment gateway for those on the early process of finding a cheap web hosting with their new online business. Here are some benefits of accepting Bitcoin. Decentralized System Because Cryptocurrencies operate solely online, we can be sure that will be no single entity that will govern and corrupt them. There’s an absence of hidden fees, procedures, screenings, terms of services, etc. Enhanced Transactional Security Because of Bitcoin’s multi-level encryption, you and your site visitors can…Jan 28, 2020
Dow Jones Industrial Average (DJIA) futures are slightly higher Tuesday morning. Fears of a stock market crash next year are spooking investors. Strong consumer confidence reading could be a catalyst today. Dow Jones Industrial Average (DJIA) futures are slightly in the green early Tuesday morning as the stock market looks shaky once again after yesterday’s carnage. The Dow Jones was decimated Monday as fears about a possible market correction in 2020 set in. Joe Davis, head of investment strategy at Vanguard, has already warned that there is a 50 percent chance of a market crash in 2020. Again, Wells Fargo’s securities head Chris Harvey believes that the stock market could correct between 5 percent and 10 percent in the early part of 2020. The stock market has soared impressively over the past year thanks to the Federal Reserve’s favorable policies and the potential solution to the U.S.-China trade war. Bullish news seems accounted for and the Dow Jones is looking for a fresh catalyst. The problem is that no such catalyst appears to be on the horizon. Dow futures on…Dec 31, 2019
It seems Tron Foundation CEO Justin Sun got serious. After he made himself unpopular after all this story with a billionaire Warren Buffett, it seems he found another guy. Apple’s co-founder Steve Wozniak obviously has a belief in Sun because the two guys met over lunch. Wozniak even shared this news with his followers on Twitter. And it’s not surprising at all that Sun has reacted for a tweet about this legendary meeting. It was an honor meeting the legendary Woz, @Apple co-founder! Looking forward to our partnership! — Justin Sun (@justinsuntron) January 22, 2020 Be it as it may, Sun’s tweet was not very welcomed. One Twitter user reminded the public that Wozniak left Apple as an active contributor back in 1985. And then he didn’t want to be removed from the list of CEO’s of the company. And even then he wanted to continue to represent the company at events and in interviews. Moreover, we all know that Justin Sun is a real master of creating rumors. So, this hint on a new partnership mat really means nothing….Jan 22, 2020
Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Bitcoin retreat to $9,600 could be the key to the next rally above $10,000. Increased selling activity between $9,800 and $10,000 must be tackled head-on to pave the way for gains towards $10,200. Bitcoin is in retreat after failing to break above the resistance at $10,200 during the weekend session. Besides, the bulls could not keep holding onto the support above $10,000. Instead, a flash drop sent Bitcoin back to $9,700 support on Monday as bulls scattered unexpectedly. Attempts to keep the price afloat above 9,800 have been thwarted by increased selling activity. The price is currently digging deeper towards the initial support at $9,700. Moreover, the sellers seem to be taking advantage of the bulls after most of them scattered into hibernation following the drop. BTC/USD daily chart Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte BTC/USD price chart by Tradingview Possible Head-and-shoulders Pattern The retreat is painful for the buyers who had recently made progress above…Feb 12, 2020
Dec 10, 2019 at 10:20 // News The financial and securities watchdog silently accepted a fund tied to the BTC futures market just a few days ago — an effort which many experts say vividly widens the chances for the endorsement of other ETFs sooner or later. From the report issued on December 2, 2019, the NYDIG – New York Digital Investment Group – managed to receive a go ahead from the financial regulator to legally roll out NYDIG BTC Strategy Fund. Generally, the fund will venture in cash-settled BTC futures contracts which are lawfully traded on all CFTC-permitted exchanges such as the CME Group. Therefore, the fund will not be possessing any undeviating exposure to the cryptocurrencies on a distributed ledger technology (DLT) or blockchain after being rolled out. The green light from the US SEC has surfaced immediately after a note issued to the Federal Directory claiming that the watchdog would be reexamining Bitwise Asset Management’s cryptocurrency ETFs that are traded physically, a thing that it earlier rejected alluding to major concerns related to manipulation. SEC Rejecting ETF Proposals Several cryptocurrency…Dec 10, 2019
Mitch McConnell doesn’t have the votes to block witnesses in the impeachment trail, and there could be consequences for the Dow Jones. Donald Trump’s conviction odds are on the rise, and Joe Biden could be called to testify. Bernie Sanders, arguably the stock market’s most feared candidate, stands to benefit the most from the “Bolton bombshell”. There have been few high-profile political events that have had less of an impact on the Dow Jones than the impeachment of President Donald J. Trump. After a few early jitters, the stock market has almost entirely ignored the political process. The leaking of former National Security Advisor John Bolton’s manuscript changes this, as the Democrats might have made some headway after Mitch McConnell confessed that he no longer has the votes to block witnesses. The Impeachment Trial Just Got Interesting For The Dow Jones Interestingly, the significance for the Dow is not just the fact that John Bolton might be the smoking gun that Dems have been looking for. Instead, it is the fact that, according to Trump-ally Senator Lindsay Graham, if Bolton…Jan 29, 2020
by Kristen Doerer for ProPublica ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. ProPublica has covered how budget cuts at the IRS have made it harder for the agency to ensure the billionaires of the world pay up, but the cuts haven’t affected everyone equally. In short: Wealthy taxpayers haven’t faced as much scrutiny. For people who claim the earned income tax credit, also referred to as EITC, earned income credit or EIC, the audit rate has gone down less steeply than it has for wealthier taxpayers. Now, a person claiming the credit has as much of a chance of being audited as someone making 20 times more money. But that shouldn’t deter you from claiming it if you are eligible. (Here’s why). What is the earned income tax credit (EITC)? The earned income tax credit is a tax credit meant to help working people with low or moderate incomes. Claiming the credit when you file your taxes may reduce how much you owe or, better…Jan 19, 2020
In a rather unconventional move financial services giant Fidelity Investments has thought of crypto rewards as a means to boost employee performance and encourage them to embrace the concept of virtual currencies. The Boston-based financial services corporation plunged into the virtual assets space in spite of earning a formidable reputation as a mainstream asset manager. In July, it announced its plans to operate its digital currency services in New York, a move many considered it to be gutsy as earning permission from New York regulators is no matter. Last week, it proudly confirmed the news of the acquired approval with its intentions to offer Bitcoin custody and trading services to institutional investors in New York as a limited liability trust company. Fidelity finds a unique way to motivate workforce – Crypto rewards Recently, it took its interests in the digital assets space a step further and decided to reward its employees with ERC-1404 token; a token that Fidelity confirms to have built on Ethereum blockchain. The new initiative is being led by Tokensoft and the firm’s Center for Applied Technology….Nov 30, 2019