Roger Ver, the CEO of Bitcoin.com also known as Bitcoin Jesus, recently appeared at CNBC’s Future of Money Conference to speak about Bitcoin [BTC] and Bitcoin Cash [BCH]. He also spoke about his early entry into the blockchain and cryptocurrency space, calling himself the “first investor in Bitcoin and blockchain ecosystem”.
He began by speaking about how he was a successful entrepreneur before he got involved in the space, saying that he gave up everything, completely ignored his previous job and dropped everything in his life to focus on Bitcoin full time. This was around the time when Bitcoin was around $1 each, going on to say that it’s important to focus on “that sort of idea”. He further went on to say that speculating on different assets was not what the space was about.
He quoted Brian Armstrong, the CEO of Coinbase, where he said that digital currency may be the most effective way to increase economic freedom. He elaborated:
“If this happens the implications are profound. It could lift many countries out of poverty, improve the lives of billions of people and accelerate the pace of innovation in the world. Those are some pretty exciting goals to be working towards and the fact that digital currency may be the most effective tool we have to achieve those goals makes digital currency really really really exciting.”
Ver further said that economic freedom matters are those with it will have a higher per capita income, which further translates into higher life expectancy, higher literacy rates, 10% improved environmental protection, fewer wars, and violent conflicts and higher happiness of citizens.
He further correlated the standard of living with the amount of entrepreneurial dynamism, as having economic freedom would directly translate to innovators being free to do so. He offered examples of Apple, Samsung, and IBM that brought “wonderful” and “amazing” technologies to the masses.
Quoting the example of an eternal competition between the Samsung and Apple, Ver stated that there was really no competition in the money system until cryptocurrencies emerged. Ver elaborated:
“Thanks to the invention of cryptocurrencies. We’re seeing competition in the marketplace of the issuance of money and for the first time in human history in modern history. Wwe’re seeing a separation of the issuance of money and the state.”
76467|Ripple partner SBI Holdings announces foray into mining space; will compete with giants Nvidia and Bitmain
SBI Holdings, Inc. announced the establishment of its chip mining arm, the SBI Mining Chip Co., Ltd or SBIMC. With this development, the Tokyo-based firm will foray into the manufacturing of mining chips, a strategic move to enhance its existing digital asset business.
The official notice issued by the financial giant stated that the SBI Group practiced its digital asset mining business overseas, and now planned to diversify its potential business scope.
SBI group partnered with a US-based semiconductor firm to roll out the new manufacturing unit. The group, which is a strong advocate of a wide range of businesses based on blockchain elucidated,
“The SBI Group will promote efficient, reliable and sustainable mining operations to develop a sound and solid cryptocurrency market.”
SBIMC will be led by Adam Traidman, who was an investor in the company and also served at NASA previously. Among his many accomplishments, Traiman formerly served as the CEO in Chip Estimate and WearSens.
SBIMC will be leading chip manufacturer, Nvidia’s latest competitor. The Taiwan-based firm sustained losses during the crypto-winter, but it recovered after the recent acquisition of Mellanox, a semiconductor player. The Bitcoin mining giant, Nvidia, had predicted a bullish crypto market was confident of clearing its stockpiled mining equipment. The chipmaker was also reported as the worst performer in the S&P 500 list, at the end of 2018.
Another big rival in the mining ecosystem is Bitmain. The Beijing-based mining giant has also been operating poorly after registering a loss amounting to $500 million, owing to the massive crashes in cryptocurrency prices.
76216|Anthony Pompliano’s Morgan Creek Digital Capital makes strategic investment propagating mass crypto adoption
The cryptocurrency market was helped along in its pursuit of mass adoption, with many proponents of the space lending a helping hand. The latest news about the bigger players in the cryptoverse included the tie-up between Morgan Creek Digital Capital and Ikigai Asset Management.
The official release stated,
“Morgan Creek Digital announced today that it will be the lead anchor investor in Ikigai Asset Management’s flagship fund focused on executing systematic and fundamental liquid hedge fund strategies as well as opportunistic venture-stage crypto asset investments. Ikigai is a crypto asset management firm launched in December 2018 by former Point72 Portfolio Manager Travis Kling and partners Timothy Lewis, and Anthony Emtman.”
Morgan Creek Digital partner, Anthony Pompliano, is a voracious supporter of Bitcoin, and has held a bullish viewpoint about the world’s largest cryptocurrency. Post the partnership with Ikigai, Pompliano talked about the company’s positive devleopments, and claimed that they were well-positioned to capture the outstanding returns brought by cryptocurrencies in the coming future.
Ikigai Chief Investment Officer Travis Kling said,
“DLT and crypto assets are fundamentally changing our world. We are honored to receive this investment from Morgan Creek Digital and look forward to working closely together with Mark, Jason, and Pomp in this exciting arena.”
Pompliano recently sat down with Galaxy Digital’s Mike Novogratz to discuss elements like liquidity, trust and custody that need to be given a boost. Novogratz stated that the cryptocurrency market was presently a booming place of business, especially with the entry of companies like JP Morgan, Telegram and Facebook. He further claimed that it was a big opportunity to invest, with Wall Street sentiments changing. The Galaxy Digital CEO added,
“Wall street earlier thought that you shouldn’t take risks on something small like cryptocurrencies. They are getting close though, not doing anything but are getting really ready. We are anyway working hard on the security token business and I promise you this, the upcoming tokens and ICOs will be a lot bigger but less sexy.”
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