Ripple Discusses ‘Institutional Matters’ With Central Bank of Brazil

5m
bitcoinnews

Could BTC return to it’s high of $20,000? New Bloomberg report suggests so

6m
cryptodaily

Bitcoin, Stocks Fall as Dollar Rebounds ahead of U.S. Trade Data

6m
newsbtc

Ripple Battles Downward Correction, Unable to Push Above $0.215 Resistance

12m
coinidol

Crypto exchange CoinDCX adopts Onfido’s fully automated KYC » CryptoNinjas

17m
cryptonewmedia

Mobile Gaming Company Playtika Hires Top Banks for $1 Billion U.S. IPO

17m
cryptonewmedia

Canada Officially Classified Cryptocurrency Companies as Financial…

17m
cryptonewmedia

Ex-Yang Aide Is Running for Congress with Bitcoin and UBI on His Mind

17m
cryptonewmedia

Gun stocks soar as background checks soar past 3M |

18m
cryptonewmedia

Craig Wright Refutes Early Miner Signed Message Calling Him Out

18m
cryptoglobe

CryptoDaily’s CRDT Token: Cryptocurrency indices

36m
cryptodaily

Exponential Growth: Bitcoin’s Trading Volume Could Rival Major Asset Classes

1h
thebitcoinnews

‘Careless’ Users Are Ruining Ethereum’s Privacy: Paper

1h
cryptonewmedia

Millennials Need to Get Smarter This Stock Market: Ex-Central Banker

1h
cryptonewmedia

Canada Officially Classified Cryptocurrency Companies as Financial Service Businesses

1h
coinidol

Here’s why analysts say Bitcoin’s 14% drop on June 2 is actually healthy for the medium-term trend

1h
cryptoslate

This mining pool’s selling activity suggests Bitcoin is far from being bullish

1h
cryptoslate

Crypto scams are alive and well; CipherTrace reveals $1.4 billion in crypto stolen in 2020

1h
cryptoslate

Real estate is risky and bonds are overvalued, boosting Bitcoin bull case: Blockstream CEO

1h
cryptoslate

$2 trillion asset manager Fidelity: Crypto assets will continue to gain institutional adoption

1h
cryptoslate

These Two Key Factors Show “Fireworks” in the Bitcoin Market Are Imminent

1h
newsbtc

There’s a Crucial $25 Million Bitcoin Buy Wall At $9,500: Downside Limited

1h
bitcoinist

Bullish Sentiments For Bitcoin Reach Fever Pitch Despite $10k Slide

1h
zycrypto

‘Careless’ Users Are Ruining Ethereum’s Privacy:…

1h
cryptonewmedia

Bitcoin Buyers ‘Cannot Ignore’ This 3-Year 70% Returns Hack — Analyst

1h
cryptonewmedia


Polychain CEO Says Facebook’s Rumored Stablecoin Blockchain Should Be Public

Polychain Capital CEO Olaf Carlson-Wee thinks Facebook would be smart to build its stablecoin on a public, open blockchain infrastructure. Carlson-Wee delivered his remarks at the Consensus 2019 panel “To the Moon and Back” on May 15.

Carlson-Wee explained that the blockchain platform he is referring to is one like bitcoin’s, in which the creator relinquishes control over the platform they built. He argues that such an arrangement would be beneficial to the social media giant, saying:

“I think given all the problems that Facebook has had with policing their platform and things like that, I think that the strategic move for Facebook would actually be to build public infrastructure. And that public infrastructure could be incorporated onto all the Facebook platforms, which of course are proprietary. But that public infrastructure, if they don’t try to own it, I think that’s where they will have the most success.”

Carlson-Wee notes that an additional benefit would be that by relinquishing control over the platform, they also avoid liability for controversy that takes place on the platform; he compares the situation to the creation of the internet:

“The people that made the internet aren’t responsible for everything that’s said on the internet.”

The CEO continued to share a broader vision for cryptocurrencies, in which they are used as a common and accessible store of wealth. He stated:

“If big technology companies want to put their resources toward building public peer-to-peer crypto infrastructure, I would be ecstatic.”

As previously reported by Cointelegraph, an anonymous source told Bloomberg that Facebook will roll out its cryptocurrency, purportedly a stablecoin, some time in the third quarter of 2019. Sources at the Wall Street Journal say that Facebook is seeking investments up to $1 billion to fund the upcoming “FB Coin.”

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments