September 10, 2019
After Facebook announced the launch of Libra, a stablecoin that should become a common currency for WhatsApp, a messaging application owned by the corporation, the rumors began to emerge about the forthcoming introduction of the cryptocurrencies of similar nature by other globally recognized social media outlets.
Many of them concerned Twitter, a San Francisco-based social networking service that generates yearly revenue of $3 billion. For some reason, the hints on Twitter’s intention to follow the footsteps of Facebook and start developing its own cryptocurrency began to disseminate in the media. To weather the imminent storm, Jack Dorsey, an acclaimed digital entrepreneur who also happens to be the founder and CEO of Twitter, made a public statement in which he dispelled the rumors about his company’s interest in working on a digital coin. By the way, this coin has already been branded Twitcoin by the imaginative crypto community.
Jack Dorsey caught the idea of putting a stop on different insinuations about the covert plans to enter the crypto space during the visit to the launch party of Square Terminal, an innovative device for payments and receipts developed by the Australian company. While in Melbourne, the CEO addressed the press in an attempt to put a stop on the growing speculations.
In answer to a question about this hot topic, Dorsey has refuted categorically any intentions on launching, let alone developing the so-called Twitcoin. With that issue off the table, he went on and praised Bitcoin for being the most probable candidate for the title of Internet money of the future. The founder of Twitter expressed his firm conviction that the open Internet standards, inherent to Bitcoin and other cryptocurrencies, can yield far more benefits for the common user than the one that has been put under firm governmental supervision or became monopolized by mega-corporations.
He also didn’t miss the opportunity to criticize the authorities for being frustratingly incompetent in the matters of the global economy. Therefore, Bitcoin represents an opportunity for people who care about their financial well-being and want to get some autonomy from the failing governments, to experience a new kind of economic and informational interaction. The first cryptocurrency has already proven its resilience to the turbulence on the fledgling markets, with the nastiest one being the 2018 crypto “depression”, and managed to bounce back, signifying the commencement of the market recovery.
As if to prove his point, Dorsey mentioned that Square, the mobile application and device developed by the company in which he also serves as CEO, accepts payments in bitcoins. In conclusion, he prided himself on resisting the urge to join the “Libra craze” and become a participant in political games.
Two men have been arrested in the United States on allegations of running a cryptocurrency extortion scheme. One of the arrested individuals, Steven Nerayoff, is the former advisor...
The crypto industry continues to advance rapidly, and many are expecting the Bitcoin price to surge to its all-time high once again, as 2019 comes to an end. With that in mind, investors ...
Crypto lending platforms are growing in number as the asset class becomes more popular around the world. Many leading crypto firms have created lending programs...
The Securities and Exchange Commission (SEC) has laid complaints against ICOBox, a firm that provides initial coin offering (ICO) marketing services for crypto related firms...
As one of the world's largest economies, it is not surprising that China has a history with cryptocurrencies. However, that history is not a positive one. Ever since the crypto...
China's witch hunt against ICOs continues, with GXChain becoming the newest victim of the country's ICO crackdown. The project was launched back in 2017...
The development of blockchain technology in the last several years has already started impacting the financial sector in a major way. Services that are based on this technology...
After Facebook announced the launch of Libra, a stablecoin that should become a common currency for WhatsApp, a messaging application owned by the corporation...
|1||Ledder||Aug 01||Dec 31|
|2||Tixl||Jul 17||Sep 30|
|3||BitWings||Jun 03||Nov 30|
|4||Pbet||Jun 18||Dec 15|
|5||Cinemadrom||Feb 03||Apr 30|
|6||GRAYLL||Jun 03||Oct 27|
|7||Yachtco||Aug 04||Feb 04|
|8||Faireum||Apr 24||Sep 23|
|9||Monart||Sep 01||Oct 31|
|10||GOVEARN||Jun 23||Dec 31|
|BitMEX||1 539 737 620|
|FCoin||1 017 919 472|
|EXX||862 388 360|
|CoinEgg||813 392 034|
|Bibox||802 736 699|
|CoinEx||802 644 065|
|CoinBene||766 463 398|
|MXC||762 571 306|
|ZBG||747 568 452|
|BitForex||739 085 557|