Brock Pierce news

American entrepreneur known for his work in the cryptocurrency, director of Bitcoin Foundation.

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Cryptocurrencies’ bear market cleansed all the wrong players from the market, says Brock Pierce

Brock Pierce’s quest to master challenging businesses led him to enter the cryptospace by founding Blockchain Capital (BCC) in 2013. The successful entrepreneur recently featured in an interview held on the sidelines of the AIBC Summit 2019, in which he revealed his secrets to success and opined on the future of cryptocurrency. The interview started with Pierce speaking about the positive effects of blockchain applications. Although blockchain has found home in several business verticals over the past few years, the crypto-enthusiast focused the discussion on blockchain’s role in “the concept of financial inclusion.” He said, “Most of us take having access to a bank account without the fear of getting robbed. But that’s not true for the majority of the population of the (underbanked) planet.” Pierce also spoke about technology’s role in democratizing the global financial system, which can ultimately result in equal access and benefit to the less fortunate. The idea behind the move is to provide the essential tools that can help users in attaining financial stability. The philosophical genius tied this vision of helping people across the globe to success in life. He added, “Money doesn’t make you happy, which they think is the key to success. What actually happens is they end up less happy because of all the compromises they make in pursuit of that success.” While concluding the interview, Pierce shared an unpopular opinion of the bear market, stating that it did some good for the crypto-ecosystem. The business prodigy backed up his claim by saying, “It (the bear market) solved the biggest challenge of cleansing the wrong players from the market. When you come into this space, don’t compromise your integrity for the quick buck.” Brock Pierce also warned aspiring entrepreneurs about the technology’s immutable nature, cautioning them to make wise decisions along the way. Further, he also suggested that future technologists build scalable applications as the ecosystem needs more people to ultimately make the world a better place. The post Cryptocurrencies’ bear market cleansed all the wrong players from the market, says Brock Pierce appeared first on AMBCrypto.

Brock Pierce attributes Puerto Rico’s ‘unrestricted business regulations’ to his crypto-success

Brock Pierce remains one of the few entrepreneurs to have etched their name across various disconnected industries, including acting, gaming, and cryptocurrency. Pierce recently featured in an interview and shared his view towards approaching and surviving the crypto ecosystem. The American actor gained prominence in the crypto-community after being listed on Forbes as one of the “Top 20 wealthiest people in crypto” in 2019, with an estimated net worth between $700 million and $1.1 billion. Pierce revealed that his interest in cryptocurrencies was initially conceptualized while playing video games in the late 90s, when he “first discovered digital assets (such as digital swords, shields, horses, houses, and cards)”. He recollected his earliest involvement in cryptocurrency, stating that he “built a supply chain of 400,000 people in China in the early 2000s that were playing video games professionally to mine digital currencies”. Following Pierce’s involvement with Bitcoin, he added that he was following the crypto-industry very closely, until he was sure of its inevitable rise as the future of currency. When asked about the possible ‘burst of the Bitcoin bubble,’ Pierce argued that crypto will follow the same trajectory of the Internet. He said, “We haven’t even seen the beginning of the first big bubble. We’ve only seen the precursors, kind of like the early bubbles in the Internet.” While speaking about his future plans in the crypto-space, Pierce highlighted the importance of setting up a business base in Puerto Rico. In addition to attributing his success to Puerto Rico’s unrestricted business regulations, he stressed that the ongoing innovation over there was forcing business leaders to shift from San Francisco and New York. It seems like the crypto-ecosystem is finding its home in the most unstable and unregulated of demographics. As crypto gets more mainstream acceptance, the technology threatens to challenge the status quo presented by existing governments. The post Brock Pierce attributes Puerto Rico’s ‘unrestricted business regulations’ to his crypto-success appeared first on AMBCrypto.
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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.

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.

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.
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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.
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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 […]
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