Atlas news

Industry - Finance & Banking. Established in 2014, USA. Atlas connects people who want financial services with the people that can provide them. CEO/founders - Mickey Costa.

World latest news

Atlas City Global Secures $4M Investment

Prominent British financier, Sir Mark Weinberg, appointed as Atlas City Global’s Chairman and puts weight behind the London-based tech startup Atlas City Global has secured $4M in seed investment from Robert A Hefner III, along with other HNW individuals. The funding will be used to complete Atlas City’s global decentralised web, and supports the final stage development of its Catalyst Network. Catalyst is a full suite of new technologies enabling secure decentralised computing and data storage that will shape a new world of Web, IoT connectivity and the future of Industry, government and commerce. Designed as an open source, fast, light, secure and scalable network, that is accessible to .Net developers – the largest developer community in the world. Catalyst is set to launch in the second half of 2019. Atlas City Global is currently running a number of proof-of-concept and pilot projects on the Catalyst Network in the fields of supply chain, utilities, food provenance, plastics recycling, and the energy sector. The current world of blockchain started with the promise of decentralisation, democracy and widespread efficient business uses; however, the technology has struggled with real-world problems. Issues of cost, ability to scale and level of difficulty to build practical applications have stalled its widespread adoption by global business, commerce and governments. The Catalyst Network has been built from scratch to solve these challenges.  This funding will take Atlas City Global through to the upcoming launch, of a completely new, functional and decentralised technology suite, designed for performance, scalability and interoperability. The CEO and co-founder of Atlas City Global, Darren Oliveiro-Priestnall and members of the current team have evaluated these challenges surrounding the wider adoption of distributed ledger technology (DLT) and how it could be used outside of the crypto world. One of the biggest challenges they found was that it was difficult to make the existing technology’s benefits relatable to industry, commerce and government needs. Atlas City aim to solve these problems for the real world. This funding will take Atlas City Global through to the upcoming launch, of a completely new, functional and decentralised technology suite, designed for performance, scalability and interoperability. The lightweight architecture makes it possible to run a node on a range of IoT devices, delivering speed at scale without compromising on security. This game-changing technology will take the application possibilities for DLT to new levels, and in ways that previous blockchain technologies were never designed to do. Atlas City Global has a 20+ strong team which includes prominent British financier Sir Mark Weinberg who will sit on the board as Chairman. Weinberg joins Founder and CEO Darren Oliveiro-Priestnall – a 20-year veteran in the software development and technology business industry whose qualifications include: certified blockchain professional (CBP), certified ethical hacker (CEH), and certified network defence architect (CNDA) as well as being a Chartered IT Professional (CITP) and Professional Member of the British Computer Society (MBCS). Darren has worked on projects for Microsoft, the European Commission, BAE, Achilles, Deutsche Börse, Razorfish and Flix Innovations for movie studios. The new Atlas City Global Chairman, Sir Mark Weinberg, said: Sir Mark Weinberg “It is widely recognised that developments in technology – particularly Blockchain and Distributed Ledger Technology – will have a profound effect on the growth and profitability of a wide range of businesses. Having launched and developed a number of successful new businesses during my career, I am very pleased as Chairman of the Board to be guiding the Atlas City team in achieving their exciting vision.” Darren Oliveiro-Priestnall, Atlas City Global CEO, commented:  “We are delighted to have someone of Sir Mark Weinberg’s calibre heading our Board as we move into this crucial phase of Catalyst`s development, and also to have secured this level of financing, which will further support our efforts to create a truly decentralised, stable and secure network that delivers in the real world. Unlike the more common approach to fund raising through token generation events, which raise money first and then often fail to go on to deliver technology, Atlas City is developing the technology first and launching a viable network with real products and services running before inviting the public to buy tokens.  We are fully funding development to ensure users experience the benefits of the network, launching a fully viable mainnet on Day Zero. And once fully operational in 2020, we are committed to handing over governance to the broader community to amplify adoption and development of the network.” Funding development of an active network While Atlas City Global is funding the development of the Catalyst Network from seed investments, it will hold a Token Generation Event in the second half of 2019 to coincide with the opening of the network to the development community. Users will be able to experience the fully viable mainnet, before the end of the token sale. This differs from the usual model where users buy the promise of future utility. Instead, users will be buying decentralised compute and file storage on an already established and validated network making rapid development of the network possible.  Robert A Hefner III  Investor Robert A Hefner III said: “I backed Atlas City Global because I believe in the dream and the abilities of our founder Darren Oliveiro-Priestnall. Darren’s passion is to overcome the many problems of early blockchain technologies by starting from a clean slate and building a safe, more scalable, significantly faster, energy-efficient and easy to use distributed ledger technology.  I believe the Catalyst Network will begin to not only restore ownership of personal data, and intellectual property to the creators, but also facilitate a new wave of safe, innovative, efficient, and less-costly global commerce and communication solutions in ways barely imaginable today.” The post Atlas City Global Secures $4M Investment appeared first on The Fintech Times.
The Fintech Times

Users Vote To List Atlas Protocol On Huobi Global In Inaugural Huobi FastTrack Launch

SINGAPORE, June 13, 2019 /PRNewswire/ -- The users have voted and Huobi Global has listened. In our inaugural launch of Huobi FastTrack, Atlas Protocol (ATP) garnered 15,248,017 HT worth of votes in Huobi Token (HT) at 73% off market price, beating out four competitors to be the first coin to earn listing on Huobi Global under the new program. The innovative coin launch platform gives users a direct say in what coins are listed on Huobi and when. "We're thrilled to usher in a new era at Huobi – one even more responsive to user needs and desires," said Livio Weng, CEO of Huobi Global. "We'd just like to offer big congratulations to Atlas Protocol for being the first project to earn listing through FastTrack and all our project partners to marking this occasion with us." Due to upgrades on Atlas Protocol's main net, full listing on Huobi Global will be temporarily delayed but rewards to users are scheduled to be delivered shortly. Per the rules of Huobi FastTrack, runners up Skrumble Network (SKM), Fusion (FSN), New Kind Network (NKN),  and Origo (OGO) will each be up for election again during the next FastTrack election this Thursday, June 20.  As with ...Full story available on Benzinga.com
Benzinga

Sky Republic Launches Atlas - an Enterprise Blockchain Platform Built to Upgrade B2B Ecosystems

Atlas is engineered to augment or replace EDI, API and other enterprise technologies to gain end-to-end visibility, reduce business disruptions and frictions, and improve the digital experience Sky Republic, an enterprise blockchain company founded by B2B software veterans, today announced the official launch of its Smart Contract Platform built to synchronize B2B ecosystems. With Atlas, each smart contract is powered by a dedicated, permissioned and event driven blockchain that guarantees performance, confidentiality and enforceability. Atlas consensus technology uses a unique virtual machine and proven cryptography that allows each smart contract to be notarized safely by one of the parties involved or one or multiple third parties like a blockchain consortium. Business events and records are pushed in real time through network choreographies to the appropriate recipients. Recipients can verify them on the fly through their local copy of a smart contract so they don't have to blindly trust smart contract notaries as they would in leading enterprise blockchains. According to Forrester, more than 20 billion one-to-one EDI (Electronic Data Interchange) transactions take place annually. However, EDI standards were designed before the rise of the internet and power many industries including supply chain, transportation, healthcare and finance. These antiquated ...Full story available on Benzinga.com
Benzinga

Real Time Delivery Updates with Slack, MongoDB Atlas & Tailable Cursors

# IntroIf you’re anything like me, being quick and effective when taking on a job of any size is of the utmost importance. As a developer, I use a handful of applications on a daily basis to automate mundane small tasks, so that I can focus my energy on the crucial, complex undertakings and ensure that I’m at my highest levels of productivity. One of my favorite tools is Slack, because it is so heavily integrated into my workflow and is like the web that ties all of my tools and tasks together.In the event you’ve been living in a cave for the last couple of years, Slack is the team communication app for the 21st century. Slack has been built to be easy and fun for teams to use AND it offers a broad set of APIs that allow developers to extend its capabilities to make it even more useful (and funny). One of the features I love from Slack is the Slackbot, a friendly robot available in every Slack team to guide users through creating their profiles and to explain to them how Slack works. Slack has several built-in bots (handy little assistants that hang out in your app, wait for commands, and then find or create the thing you need) and allows you to create your own.What enthralls me most about Slack is the available potential to build your own custom bots. At the most basic level, bots in Slack are special automated users that can respond to specific events and do useful things to help your team be more productive. The possibilities of bots you can build are endless and the challenge of reaching these outer limits and innovating in ways no one else is makes it all the more fun to pursue.In this post, we’ll set out to create a custom Slack chat bot that will simulate the ordering of a pizza, and tells when your pie is ready, in addition to its location at any given time. In order to create this bot, we’ll piece together a few popular technologies — Node.js, Slack, MongoDB Atlas, and MongoDB Compass. Additionally, we’ll be making use of MongoDB Tailable Cursors for real time notifications.# PrerequisitesIn order to follow along with this tutorial, we’ll assume that you have basic Node.js knowledge, including an installed version of Node.js and NPM. You will also need to have a basic understanding of the command line, and AWS EC2.# Create a New Bot for Your Slack IntegrationBecause I love food, especially when it comes to me, I thought it would be fun to walk through the process of building a bot that will give you the eta on how soon you can start chowing on some delivery pizza. To add a new bot in your Slack organization, visit https://[yourorganization].slack.com/services/new/bot, where yourorganization must be substituted with the name of your organization (e.g. https://studio5eleven.slack.com/services/new/bot).Tip: Ensure you are logged in to your Slack organization in your browser and that you have the admin rights to create a new bot.Step 1: First, you need to choose a name for your bot. Mr.ThinCrust seemed appropriate for this little guy:Step 2: Next, you will move to another screen where you will copy your API token:Copy the token in a safe place and save it, you will need it in a little bit.In this section you can also specify some more details about your bot, like adding an avatar image to make your bot look unique.# Sign Up For MongoDB Atlas (DBaaS)MongoDB Atlas makes it easy to set up, operate, and scale your MongoDB deployments in the cloud. From high availability to scalability, security to disaster recovery — MongoDB Atlas has you covered.To get started, head on over to https://mongodb.com/cloud/atlas and create an account.# Build Your New MongoDB ClusterMongoDB Atlas will walk you through the process of setting up your cluster in a handful of intuitive steps, so you don’t have to worry about knowing what specs to choose if you’re not a veteran (or even if you are).For the purpose of this application, we’re going to name our Cluster Name “thin-crust”, however, you’re welcome to name your cluster whatever you’d like. For the rest of the setup, we are going to stick with the lowest level requirements, as this is only a prototype and we don’t anticipate a large surge of traffic.Note: You are required to provide a username and password for your cluster. I would suggest that you choose the option to let MongoDB Atlas generate a random password on your behalf. Please ensure you store this in a safe place (maybe with that API Token you wrote down when creating your Slack Bot ;) ), as you will need it later on in this tutorial.Once you have completed the provisioning steps, click “Confirm & Deploy” and your MongoDB Cluster will automatically be provisioned by MongoDB Atlas. Once complete, you’ll receive a notification that your cluster has been provisioned and you will be able to click on the “Connect” button as shown below:Make sure you copy the URL connection string from this step and save this with your password. You will need this value in order to move forward.# Connecting to MongoDB Atlas with CompassIf you’re like me, you will probably enjoy using a nice graphical interface to explore your MongoDB Cluster. Thankfully, the wonderful folks over at MongoDB put together an amazing tool called Compass, a GUI for MongoDB that is honestly the easiest way to explore and manipulate your MongoDB data. It works seamlessly with MongoDB Atlas, so I’ve chosen to use it in this tutorial. Compass is available on Linux, Mac, or Windows. To download Compass, head on over to https://www.mongodb.com/products/compass.Once installed, open the application and you’ll be presented with a clean UI asking for login credentials to your cluster. Use the URL connection string (along with the password that you saved) that was provided in the dashboard in the last step to get you in.# Creating Your Capped CollectionA MongoDB capped collection supports tailable cursors, which allow MongoDB to push data to the listeners. If this type of cursor reaches the end of the result set, instead of returning with an exception, it blocks until new documents are inserted into the collection, returning the new document.Capped collections also have extremely high performance. In fact, MongoDB uses a capped collection internally, for storing their operations log (or oplog). One thing to note is that, as a trade-off for their high performance, capped collections are fixed (i.e. “capped” in size) and, therefore, not shardable. Keeping things like this in mind can help you choose the most effective tool for the job as you continue to pursue new projects; it is always good to know what tools you have and when to use them.To create your capped collection, click on “Create Collection” and name the collection “messages”. Click on the “Capped Collection” checkbox and specify a capped collection of 8,000,000 bytes (ample space for this demo).# Jumping into the CodeAs previously mentioned, we’ll be using Node.js for the tutorial. The code is rather straightforward. So as long as you understand the basics of programming, you should be able to follow along quite well.Our Node application (or “thin-crust”, as I call it) consists of three primary files, with each file having its own set of tasks:Index.js — Initializes the Slackbot and posts the initial message to Slack, followed by an update when the pizza is finished leaving the oven.Worker.js — Connects the the MongoDB cluster and inserts random street addresses into the newly-created “messages” collection.Slack.js — Connects to Slack and the MongoDB cluster, listening to incoming updates to the capped messages collection, and posts messages to the specified (food) channel.File 1: Index.jshttps://medium.com/media/89b0c539bae9a8f926d3c59516b620a4/hrefFile 2: Worker.jshttps://medium.com/media/3614e7cc22692fa28e5b2f6c72c2f638/hrefFile 3: Slack.jshttps://medium.com/media/faaf7b198b34a3b209d9f8126af79b06/hrefThe full repository can be downloaded from GitHub:https://medium.com/media/5ee2cc4e38e0655855eff02a1d07efaf/href# Deploying Your Application on AWSGiven that our scripts are lightweight, we don’t need a beefy server to power our set of scripts. Node.js runs on a single core, and although there are ways to run on multiple cores, we don’t need to.With that in mind, we’ll be using PM2, a lightweight process manager for Node.js. PM2 will essentially kick off the applications processes (scripts) and ensure that they stay online, should something cause them to fail.PM2 can run on just about any server, however, for our objectives, we’ll use a general purpose t2.nano server on AWS, with Ubuntu 16.4 LTS. I’ll touch briefly on the steps required to provision a server, but most of the documentation is available online, so I’ll leave more extensive research up to you.Step 1: Create an account, or login to your existing AWS account. Click on Compute Services > EC2 > Create Instance > Launch Instance. This will get you set up with a new instance for our project.Step 2: Select “Ubuntu Server 16.04 LTS (HVM), SSD Volume Type” from the Server Types and click “Next”. Next, choose the t2.nano Instance Type from the list of available options. To finish, follow the necessary steps (keeping everything default) to provision the server. Once provisioned, you should see the Instance State as “Running” on your EC2 Dashboard.Step 3: Click the checkbox next to the instance and click “Connect” from the top navigation. This will provide a popup dialog that will give you the connection string you need in order to move forward.Step 4: Using the connection string provided, SSH into the instance and run sudo su. From there, navigate to the root directory by running cd ~. Next, we’ll install Node.js, NPM, and PM2.Step 5: Run the commands in the following order:https://medium.com/media/860c7649b6a03ee8b0570b0c34bd02b6/hrefStep 6: Clone the code to the server by running git clone git@github.com:nparsons08/thin-crust.git. Once cloned to your server, move into the thin-crust directory and run the command nano process.json to open the process.json for editing. Once open, drop in your Slack Token and MongoDB Atlas Connection String. Then, you can successfully start your application with the following command:https://medium.com/media/7bb6f9f7226ba24b062b4e34db7e3faf/hrefNote: If you’d like to see what’s going on behind the scenes with pm2, you can run pm2 list to output all active processes. More information on PM2 can be found on their official website here: http://pm2.keymetrics.io/# The Application in ActionSo now that you’ve seen what’s under the hood, you understand that the codebase is rather straightforward and simple to comprehend, but what does it look like in production? On the user side, something along the lines of the following would appear in your Slack channel:# Final ThoughtsQueues are a powerful mechanism for describing interoperating, but independent processes. There are tens, if not hundreds, of commercially viable solutions, however, MongoDB serves as a capable message-queue because of its flexible document storage capabilities, wide-variety of supported languages and tailable cursor “push” feature.Marshalling and unmarshalling of arbitrarily complex JSON messages is handled automatically. Safe-writes are enabled for improved message durability and reliability, and tailable cursors are used to “push” data from MongoDB to Node.js.While this application is simply a proof of concept at the moment, there are dozens of additions that could be added to better serve end-users. Here are a few ideas for improvements should you decide to contribute back to the project:Use a mobile application to gather actual coordinates (latitude and longitude) and store them in MongoDB for further enhancements to the application. More on geospatial operators can be found here: https://docs.mongodb.com/manual/applications/geospatial-indexes/Utilize Google Maps or Mapbox to display the location in Slack, providing a visual representation of the location.Provide an ETA for delivery using the location and a directions API such as https://www.mapbox.com/directions/.Let the user know if there has been a delay in their order process due to heavy traffic using one of the many traffic APIs currently available on the market. Currently, Waze has an amazing SDK for developers which can be found here: https://www.waze.com/sdk.As you can imagine, the possibilities are endless. I’m curious to hear your thoughts on additions and improvements in the comments below. Cheers and happy coding!Real Time Delivery Updates with Slack, MongoDB Atlas & Tailable Cursors was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

Atlas Protocol Launched “Atlas Coin++”, Redefining Blockchain Marketing

Atlas Protocol (ATP), an application layer protocol for blockchain interactive advertising & marketing, has launched a brand-new innovative product, Atlas Coin++, which aims to bring incremental growth to the blockchain ecosystem from a new dimension. On April 22nd 2019, Atlas Protocol officially launched a brand-new blockchain interactive marketing product — “Atlas Coin++”. Atlas Coin++ is the first innovative product that helps blockchain projects measure the authenticity and validity of social traffic. The platform achieves this goal with the help of “group flash swap” model to better reach token value consensus. By participating in campaigns on Atlas Coin++, users can swap The post Atlas Protocol Launched “Atlas Coin++”, Redefining Blockchain Marketing appeared first on CCN
CCN

New BitTorrent BTT Tokens To Optimize Network Speed Through Paid Prioritization: Tron’s Project Atlas Lead

BTT Tokens To Optimize Network Speed Through Paid Prioritization When TRON acquired BitTorrent in 2018, it was only a matter of time before both firms collaborated to create a token. Six months down the road, BitTorrent released its own cryptocurrency token (BTT). The BitTorrent token project, which began in September 2018, was primarily known as “Project Atlas.” The project Atlas, which is a combination of BitTorrent and Tron, is managed by Justin Knoll. According to the project leader, BTT intends to offer incentives to its users for seeding files and expediting transfers that take place on the BTT network. He began by providing an overview of how networks incentive operates. The Incentive Mr. Knoll explained that users can now accrue more BitTorrent tokens each time they seed in their client and when others upload to them. The project leader and his team chose to use a different token thus creating BTT. They would have selected TRX but because they needed to protect the current TRX holders, they ended up creating the BitTorrent token. He said: “We wanted to make it so that we used a different token so that we address this giant potential market without having to give all those people TRX.” He added that the BitTorrent token is linked to the network’s function of downloading and seeding the files. The Protocol Application While expounding on the BTT tokens use and its protocol application, Justin Knoll stated that, historically, it functions more like a public sale. He stated: “[…] where you’re auctioning your upstream bandwidth like your computer’s ability to upload files to other users on the basis of bids that they make to you by uploading to you. So they send you sort of bits of their bandwidth and then you send them your bandwidth” The BitTorrent Protocol Challenge The project Atlas’s team leader said that not having a clear, in-built procedure has been a long-term problem with BitTorrent protocol. This is in the sense that, once a user completes downloading a file they can seed. However, there isn’t any incentive to do so. It is the reason why his team wanted to create a real and perceptible incentive for seeding. Also, each time the users keep uploading for other users on the network, they would be rewarded with BitTorrent tokens. Summary The new tokens are a way of optimizing the speed of the network and achieve quicker downloads using paid prioritization. Every token issued by the BitTorrent foundation features TRC-10 compatibility. This is an established set of guidelines that have been laid out by TRON. There is a great demand in the market. Currently, BitTorrent pushes at least 22% of global upstream traffic and about 3% of the downstream traffic. According to the firm’s representatives, it serves up to about 100 million users. At this time, BitTorrent Token is only available to those outside the US; and will be distributed selectively later this month. The token is part of the Launchpad program – this program aims to put in the limelight and market test new tokens.
Bitcoin Exchange Guide
More news sources

Atlas news by Finrazor

Trending

Hot news

Hot world news

OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts

The recent popularity Initial Exchange Offerings (IEO) have been experiencing over the last few months has brought what it appears to be like a new bull run. An incredible example of success is the OKB token issued by OKEx, one of the largest cryptocurrency exchanges by trading volume in the world, which has impressed the market beyond expectations having experienced an increase in the price of 163% since launched. Shinobi Capital, a leading blockchain advisory firm and also an investor in early-stage start-ups, has released its latest evaluation report estimating that the OKB price will grow further to US$30.75, 17 times the current price, by the end of 2020. According to Jason Hill, the founding partner of Shinobi Capital:  Exchanges tokens will be the powerhouse of the development of the digital asset market and even blockchain technology. Following a series of IEOs powered by exchange tokens in H1 2019, the market is marching to the next round of bull run. OKB, as a market leader of exchange tokens, is also welcoming its own uptrend. Backed by a number of use cases and a large user base of OKEx, OKB has demonstrated a huge potential of growth. The established blockchain and cryptocurrency advisory firm is well-known for its extensive experience in start-up investment. In their evaluation report of OKB, Shinobi Capital lays out the two most important factors that will affect OKB’s future trading volume, the development of the OKChain mainnet and the overall the crypto market condition. Furthermore, the report also establishes a comparative evaluation model with other major platform tokens, including Binance Coin (BNB), EOS, and TRON (TRX). This comparative evaluation studies different aspects of each token such as trading volume, price patterns, and usage demand. The latest OKB buy-back & burn program is also taken into account to evaluate the token’s future price trend. It is expected that by the end of 2020, the price of OKB will reach USD30.75 and its market capitalization will be about USD7.068 billion. There is a significant growth lag in OKB at this stage, and the potential of price growth needs to be further released. In the next round of market recovery and boom, OKB is likely to become one of the fastest-growing assets in the market. Disclosure: This is a sponsored press release The post OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts appeared first on NullTX.
NullTX

Ethereum Classic presents roadmap to improve DApp development and overall infrastructure

Experts of the cryptospace are making use of DApp services to simplify the entire blockchain process. Along these lines, Ethereum Classic’s [ETC] core development team has put forth an initiative to revamp its existing ecosystem. Moving forward with an aspiration for refinement, ETC’s team is developing fresh features over blockchain technology, a development that will […] The post Ethereum Classic presents roadmap to improve DApp development and overall infrastructure appeared first on AMBCrypto.
AMBCrypto

David Marcus Grilled During Facebook's Senate Hearing

During the first of two congressional hearings regarding Facebook's Libra cryptocurrency, project lead David Marcus went as far as to say he'd be willing to take his salary in Libra after intense grilling from Senator Sherrod Brown.
Ethereum News

David Marcus Questioned Over Libra by Congress

Facebook is finally facing its reckoning as David Marcus, head of the company’s blockchain division and the leader of Libra, the venture’s new cryptocurrency, was grilled by Senate members who refuse to believe in Facebook’s allegedly noble financial plans. Libra: A Congressional Issue? Many people have a hard time believing in Facebook’s morality following the Cambridge Analytica scandal. Discovered in 2018, Facebook had allegedly been selling users’ private data for years to third parties for advertising purposes. Following Mark Zuckerberg’s Senate hearing last year, trust in Facebook has fallen to an all-time low. In many ways, this new “congressional step” for the social media conglomerate should serve as a huge learning experience. When you’re a company of Facebook’s size and you do anything to compromise the safety or privacy of your customers, you can bet it’s going to take a long time to earn their trust back. Facebook is learning this lesson in spades right now, as several Senators taking part in the hearing commented about the lack of trust they feel towards the company and its executive team. Sherrod Brown, a Democrat from the state of Ohio, commented:  Facebook has demonstrated through scandal after scandal that it doesn’t deserve our trust. We’d be crazy to give them a chance to let them experiment with people’s bank accounts. Senator Martha McSally, a Republican from Arizona, stated that Facebook is simply trying to shift gears and get people to focus on something else entirely, in this case cryptocurrency. Rather than seriously attempt to fix its reputation, it’s working to divert people’s attention with an entirely new product. She says: I don’t trust you guys. Instead of cleaning up your house, you are launching into a new business model. In addition, Facebook is also being criticized for its complete lack of coordination with policymakers. Throughout the early development of Libra, Facebook’s executive team failed to make any contacts with regulators or legal authorities to potentially understand how the cryptocurrency could better satisfy present financial laws and terms.  Trust Takes a Long Time to Build At least David Marcus isn’t lying to himself. He acknowledged during the hearing that it would likely take a while before the company can earn people’s trust well enough that they would provide their banking details. He states:  I want to make it clear that we are only at the beginning of the journey. We expect the review of Libra to be one of the most extensive ever. Facebook will not offer the Libra currency until we have addressed the concerns and receive appropriate approvals… We will not control Libra and will be one of over 100 participants that will govern over the currency. We will have to gain people’s trust if we want people to use our network over the hundreds of competing companies. The post David Marcus Questioned Over Libra by Congress appeared first on Live Bitcoin News.
Live Bitcoin News

Waves CEO Has Sold His Stake At Vostok, A Waves Blockchain Affiliated Project

Alexander Ivanov, the founder, and CEO of Waves has recently decided to fully sell his stake of Vostok, blockchain spin-off of the Waves platform. According to a recent press release, now only the GHP Group, which bought all the stakes, will be the owner of the project. The CEO also affirmed on the press release that […]
Bitcoin Exchange Guide
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.