What Is the 'Least Speculative Investment' & Who Will Create Standards for the Crypto Industry (Investment and Partnership Digest, Dec 13 — 19)

CONSOB suspends two projects, Kakao invests in Orbs, TokenSoft invests in a SEC-compliant broker-dealer, Weiss Ratings recommends to buy BTC, France wants to invest $569M in blockchain, crypto-focused VCs invest $30M in Good Money, Tim Draper invests $1.25M in OpenNode, Waves partners with TSA, ICON partners with LayerX, BitDeer teams up with BTC.com and AntPool

Bitcoin

BTC
Price
8,744 USD -6.81%
Volume, 24h
3,497,717,274 USD
0.00%
Marketcap
153,922,072,217 USD
56%
Emission
84%

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Circle Hiring a General Partner to Raise $100M Venture Fund 

Circle Internet Financial, a leading fintech company offering institutions and individuals a platform to trade cryptos and raise capital, is looking to hire a general partner to help raise and deploy a new $100 million venture fund in collaboration with SeedInvest, according to reports on August 23, 2019. Circle to Raise $100 Million According toRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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CNBC Analyst Slams Facebook Libra, Champions Bitcoin

Since the announcement of Facebook’s Libra cryptocurrency, the crypto market and even the tech sector has never been the same. It’s got regulators up in arms about Bitcoin, crypto assets are crashing, and the project may not ever even see the light of day. Even partners have started to abandon the project. The topic came up during a recent segment on CNBC’s Squawk Box, and one of the show’s hosts went on a rant, slamming Facebook’s crypto project while championing Bitcoin for having more desirable qualities than Libra. Joe Squawk: Bitcoin is Decentralized, Libra Is Controlled By Zuckerberg Bitcoin is arguably the most powerful piece of technology the world has ever seen. Its significance is undeniable, and those who are skeptical tend to come around eventually once they dive under the surface and gain a deeper understanding of the crypto asset’s potential. Related Reading | CNBC Host Pushes Bitcoin, Cites Halving and Scarcity As Catalyst for $55K BTC  CNBC Squawk Box host Joe Kernen is the perfect example of a Bitcoin skeptic turned believer. The once crypto pessimist has been recently seen defending Bitcoin and talking of the next potential price peak occurring around the next halving in May 2020. The many reasons why @JoeSquawk hates libra and (presumably) loves bitcoin #btc #decentralized #facebook #privacy $FB pic.twitter.com/PTPEZQguRf — Squawk Box (@SquawkCNBC) August 23, 2019 In the latest segment of CNBC’s Squawk Box, the discussion turned to the topic of Facebook’s Libra cryptocurrency – a polarizing project from the social media powerhouse that’s got financial regulators in defense mode. Kernen says he’s never understood the project and doesn’t like it “one bit.”  He doesn’t like that its “centralized”, and like many, doesn’t like it because it’s “Facebook.” “I don’t like anything about it,” Kernen said. He warns that although Facebook claims it will have a positive impact on the unbanked, the company is an intermediary, and will take a cut from its users even if its feeless – by stealing “all your private data and know all about your bank account.” Facebook has faced a number of privacy-related lawsuits and recently was ordered to pay an unprecedented $5 billion penalty over privacy issues. Bestowing the company with any personal data is a risk, let alone sharing monetary and transaction data with the corporation. Kernen turns the conversation toward Bitcoin, claiming it has an unforgeable value similar to gold, or antiques – things that cannot be duplicated. Bitcoin’s hard-coded digital scarcity gives the crypto assets an attribute similar to gold. Related Reading | CNBC Analyst Calls Secretary Mnuchin Out on Bitcoin Criticism In the past, Kernen has argued that decentralized networks offer more inherent value than even governments due. Facebook’s Libra is the perfect example of how a centralized crypto asset offers the controlling party too much power over its users. Bitcoin was designed to be the first-ever decentralized asset that cannot ever be controlled, nor can it ever be stopped. CNBC Analyst Slams Facebook Libra, Champions Bitcoin was last modified: August 23rd, 2019 by Tony SpilotroThe post CNBC Analyst Slams Facebook Libra, Champions Bitcoin appeared first on NewsBTC.
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