Former Chief Operating Officer and Mozilla was appointed as the new executive director and CEO of the Stellar Development Foundation according to an announcement that the company published via press release that we are reading more about in our cryptocurrency news today.
Jed McCaleb, the currency executive director and co-founder of the Stellar Foundation, will focus on the adoption strategy and the network protocol since he is the chief architect. According to the press release, while working at Mozzila, Dixon helped the company to fight for the much needed net neutrality and improved control over personal data.
McCaleb explained that the advocacy of Dixon for the net neutrality, privacy and encryption mean a lot for the organization since she also has a huge experience in leading operations and running a business and that he finds her work on policy indispensable.
Dixon wrote as well on the Stellar blog post, expressing her excitement for working with Stellar by saying:
‘’I know that I am at my very best when my work has a purpose, and when I’m pushing for change. And that’s why, on May 1, I am joining the Stellar Development Foundation as the Executive Director and CEO.’’
She also continued:
‘’And–perhaps most relevant to my future at SDF–I pushed Mozilla to understand how to partner with commercial entities without neglecting its core mission. Among blockchains, Stellar is uniquely positioned to connect to existing payment infrastructure, and it’s growing those connections that excites me the most. Throughout my professional career I’ve seen that when an organization embraces openness, attends to the community, and owns a mission, it inspires innovation and harnesses constituency power.’’
Mozilla is known mostly for its Mozilla Firefox web browser as one of the leading browsers that were initially released for public use 16 years ago, exactly in 2002. The company also announced that this summer it will block the browser-based cryptojacking in the next versions of the web browsers.
Currently, there are a lot of changes happening in the crypto world mainly in giant companies such as CasperLabs which decided to appoint Vlad Zamfir, the ethereum foundation researcher as a lead consensus protocol. Also, Maro Lim, a former Goldman Sachs executive was appointed as a managing partner at the crypto-based hedge fund MaiCapital while in the same time the New York-based fintech company TrueDigital hired ex-Bridgewater Associates COO Thomas Kim as the new CEO.
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Robinhood Brings Zero-Fee Crypto Trading App To New York Investors
“Currently, you can invest in seven cryptocurrencies on Robinhood Crypto: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, and Dogecoin. You can also track price movements and news for those and 10 additional cryptocurrencies.”Crypto enthusiast has avoided going to New York because the state has a very stringent regulations system for the crypto sector. For some, BitLicense is a classic move of regulation-before-innovation which is a law that creates an unnecessary burden for small startups by making them go through expensive procedures. For example, there is a $5,000 fee to NYDFs with no approval guarantee as well as the $45,000 worth of legal paperwork as it was revealed by one of the BitLicense applicants Coinsettler Jaron Lukasiewicz in 2015. Costs like these have influenced many New York startups to find a place with a friendlier crypto climate such as California or even European countries such as Switzerland. At the same time, crypto startups that managed to build a financial foundation for themselves, now are trying to find a comfortable place while entering New York. As mentioned in the altcoin news previously, Robinhood is the 10th company in a period of four years that received a BitLicense. According to the vice president of product Josh Elman, this decision to go into Wall Street is ‘’a crucial next step.’’:
“We’ve introduced millions of people to equity investing on Robinhood, and want to do the same for everyone interested in crypto.”The Fintech startup now has six million users around the US and by entering New York Robinhood plans to add a few million more. Their networth reached $5.6 billion after the last funding round that closed in March 2018. In the meantime, Robinhood managed to raise about $539 million capital so far.
Samsung Pay Gets Ready For Crypto Integration: Report
“Samsung Electronics appears to be moving to integrate cryptocurrencies to Samsung Pay, which accounts for 80 percent of the South Korean simple payment market. The company has recently transferred the blockchain task force (TF) of the mobile business division to the service business division.’’Previously in 2018, the Korea Herald reported that Samsung Pay made a 58 percent increase in its users base. The industry tracker WiseApp found that the platform was mostly used as a financial application in late 2018 where more than 10.4 million users got their hands on it. In 2017, the platform had about 6.6 million users which make an incredible step forward for Samsung. The 10 million users represent the 20 percent of the entire South Korean population and the platform has also thousands of users around the world that use the application because of its technology called magnetic secure transmission. This technology enables users to transact at a conventional point of sale terminals. Now, the strategy of Samsung Pay is to make sure that a niche market is secured and will expand its user base even further. Samsung already integrated a crypto wallet-the Samsung Blockchain Wallet back in February along with its Samsung S10 device which allows users to send, receive and hold cryptocurrencies in the built-in wallet. The South Korean altcoin news outlet Donga noted:
‘’Samsung Pay has recently extended the transaction period for overseas users and integrated an international payment processing service, aggressively targeting the global financial services market.’’With reports suggesting that the tech giant is considering the possibility of launching a blockchain network, it is expected that Samsung will continue to march forward to target the rapidly growing sector. Under the leadership of the current vice president of the business division Kim Yong-Jae, the blockchain task force at Samsung has started new other crypto projects.
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