Wanted to share a summary of what we believe happened to QuadrigaCX. We did our own internal research, including some blockchain analytics, to see if we could help. Important to note that this is just our best guess. Take it as *pure speculation*, nothing more.
— Brian Armstrong (@brian_armstrong) February 21, 2019
“Cumberland’s new single dealer platform, Marea, was likely created as a result of huge market demand for these products and services, allowing end users access to single or multi-asset trading and direct trading with the cryptocurrency market maker.
Shifting away from the traditional method of making deals over the phone, Marea will make it much more convenient and transparent for participants via the technology platform. In addition to providing users with complete oversight of all variables and helping them to maintain control, using this type of platform also provides an auditable trail for OTC transactions as regulators get more and more interested in the sector. Traditionally, the OTC market has operated on this basis of undisclosed prices but preempting increased regulatory scrutiny on institutional traders, the single dealer platform could prove to be a beneficial insurance policy.
Cumberland is one of the first OTC companies to do this but there is room for many more as something like Marea becomes an accepted standard.” Vaibhav Kadikar, Founder & CEO, CloseCross
— Geoffrey Barraclough (@GeoffreyB) February 21, 2019
I like @APompliano. He seems like a good man, and I like him as an ambassador of Bitcoin (and his podcast is solid). But, what’s up with everyone trying to sound like him on Twitter?! I swear my entire feed involves “something does xyz but not Bitcoin ???”
— Marc Boiron (@boironattorney) February 22, 2019
“While blockchain technology has been long touted for its security, under certain conditions it can be quite vulnerable. Sometimes shoddy execution can be blamed, or unintentional software bugs. Other times it’s more of a grey area – the complicated result of interactions between the code, the economics of the blockchain, and human greed. That’s been known in theory since the technology’s beginning. Now that so many blockchains are out in the world, we are learning what it actually means, often the hard way.” MIT Technology Review
UGH! #Nevada just became 3rd state to introduce URVCBA+supplemental act, which recognizes ONLY the indirect ownership of #bitcoin & other #virtualcurrencies owned via securities intermediaries. Enact #Wyoming's SF125 instead! @naomibrockwell @TraceMayer https://t.co/nkCr1NXSPX
— Caitlin Long ? (@CaitlinLong_) February 20, 2019
A solid and provocative piece about the (un)ethical and (il)legal nature of ICOs. Whatever side of the fence you sit on, it’s worth a read. There’s been way too much profiteering, far too little actual value creation. #blockchain #bitcoin https://t.co/09zUPnrnvC
— Anne Leslie (@AnneLes1ie) February 20, 2019
“With this deal, BBVA reasserts its firm commitment to both sustainable financing and new technologies. Using DLT for this transaction allowed us to simplify the processes and streamline the negotiation time frames, which is in line with our pursuit of excellence in customer service.” Juan Garat, BBVA’s Head of Global Sales
Insurance on crypto deposits has been missing from the industry for too long. Too late for QuadrigaCX, but a policy like this could prevent future catastrophes. @KnightCoinRivet @CoinRivet https://t.co/bl25Van7G7
— Ken Kruger (@krucraft) February 20, 2019
If Mark Zuckerberg was sitting in his Harvard dorm room today, he wouldn’t build the centralized behemoth he built almost 15 years ago.
He would build a decentralized product and organization that approached data, money, and governance differently.??@APompliano
— Vivek (@Vivek4real_) February 21, 2019
“(Blockchain technology) is going to be the biggest change in the history of the world and it’s so exciting. I thought the internet was super exciting, but this is going to completely change everything and the government itself is going to change.” Tim Draper
If you invested $100 in the Amazon IPO, today after 22 years it would be worth approx $94k.
If you invested $100 in the ETH ICO , today after 5 years – approx $50k
If you invested $ 100 usd in BTC in 2009, after 10 years – over $10m.
We’re complaining about a bear market….
— Ran NeuNer (@cryptomanran) February 19, 2019
“At its heart JPM Coin appears to be little more than a stablecoin where effectively an individual or entity can exchange one US Dollar for one JPM Coin which they can redeem at any point for a guaranteed value of the notional $1. It is expected to speed up transactions within the JPMorgan network but ultimately some would argue that their solution is just called “banking” and that effectively JPMorgan are entering the space with a solution which is effectively already passed its sell by date, and not harnessing the true power of what other blockchain projects already do.
When all is said and done and irrespective of what it actually does or doesn’t do, the simple act of announcing something like this is great for demonstrating that views are changing and big players are active in the space. It will also do wonders for expanding the thirst for education in the space which for us is one of the key barriers right now to making the crypto and blockchain market grow along with regulation which we all know is also imminently upon us. Exciting times!” David Thomas, Director and Co-Founder, GlobalBlock
— Ron Shevlin (@rshevlin) February 18, 2019
Look at it this way:
Pablo Escobar just escaped prison the day prior. You have a 30 min talk with him.
Do you ask how he made his billions? His childhood? Perhaps how his empire is going and if they're expanding?
Or do you ask about what's news, relevant?
We see through CZs lies
— Josiah [Not interested in Bank-Coins] Spackman (@dgb_chilling) February 20, 2019
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.