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Former Circle Senior executive: I’m not picking Bitcoin SV [BSV], I think I’m joining Bitcoin [BTC]

Biraajmaan Tamuly



Former Circle Senior executive: I'm not picking Bitcoin SV [BSV], I think I'm joining Bitcoin [BTC]
Source: Pixabay

Jack Liu, the Senior Director of Circle, a billion dollar cryptocurrency firm, recently announced his resignation from the company in order to join and work towards Bitcoin Satoshi Vision’s improvement.

The former Senior Executive revealed that he was always prompt in his career to assist “Satoshi’s Vision” cryptocurrency endeavors. He stated that he was motivated to take on a more involved approach towards the cryptocurrency entity now, after gaining diverse experience of the crypto-sphere over the past few years.

Jack Liu was instrumental in Circle’s billion dollar evaluation as he helped the firm build a 24-hour trading service platform based out of Asia. He also helped in the development of a support product for the trading of Bitcoin Satoshi Vision [SV] at Poloniex, a cryptocurrency exchange under Circle, which was acquired by the company for $400 million.

In an interview with The Block, Liu stated,

“I’ve been a long-time veteran of this industry, and I didn’t come to it by accident. Circle was a great learning ground. But I’m all about innovation. I want to step into the open and take a more direct approach and increase the number of transactions on the blockchain. I feel a sense of urgency right now; I don’t want to be 50 when it starts working.”

Liu mentioned that he was motivated to enter the core-cryptocurrency sphere because he felt that the industry was messed up at the moment. He emphasized on the problem of “one use-case” scenario of cryprocurrency. He argued that the cryptocurrency sphere needed a variety of transactions and less financial speculations.

Moreover, Jack listed out the need to increase the number of transactions on the blockchain because of the imminent halving next year. The increased number of transactions will result in a compensation for the miners via transactions fee which will remunerate them for lower mining rewards.

Jack Liu’s decision to put faith in Bitcoin SV rather than Bitcoin was questioned in an interview. He responded by stating,

“I don’t think I’m picking BSV, I think I’m picking Bitcoin.”

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Biraajmaan is an engineering graduate who is exploring the ever-changing crypto verse while traversing his passion for cryptocurrency news writing. He is a Chelsea fan and a part-time poet and does not hold any value in cryptocurrencies yet.

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1 Comment

1 Comment

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    Lisa Nrand

    March 17, 2019 at 10:07 PM

    His Urgency is to save Bitcoin. NOT BTC. The title translation messed up what he said – he will work in Bitcoin, in the form of the “new” 100% Blockchain Bitcoin, not the Bitcoin-Lightning-slow-expensive-clunky BTC. BSV.

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Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11%




Bitcoin prices hits $150 billion market cap for the first time in 2019 as prices pump by 11%
Source: Unsplash

Bitcoin’s parabolic rise that started in April seems to be staggering as the increase in price vs. the number of days it took to increase was surprising, considering the prolonged bear market.

The recent pump on May 27 at 23:30 UTC [+5:30] pumped the price from $7.995 to $8,939 in 7 hours with each green candle forming one after another. However, the price reached a peak at 05:30 UTC [+5:30]. After which the price declined by 2.85%.

Source: TradingView

Moreover, at press time, the market cap of Bitcoin has reached a new high, i.e., $154 billion and the price reaching $8,900 is a new all-time high of Bitcoin in 2019. Bitcoin’s total rise YTD was 146% and in a 24-hour time frame, the price of Bitcoin was up by 8.71%.

Meanwhile, altcoins have also followed suit as Ethereum pumped by 7.21%, XRP by 7%, Bitcoin Cash by 9.53%, Litecoin pumped the most in top 10 as it was up by 11.23% in 24-hours. Tron, the eleventh largest cryptocurrency pumped by 13.84%, at press time.

Anthony Pompliano, a well-known Bitcoin enthusiast tweeted:

“Someone check on @nouriel. Bitcoin seems to be coming back with a vengeance ever since he blocked most of Bitcoin Twitter.”

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