Square Crypto that was hyped on social media turns out to be the real deal after they hired the Ex-director of Google and Silicon Valley angel investor Steve Lee. In the coming altcoin news today we read more on the new hire.
Less than a month has passed since Square Crypto announced their new hire and they finally announced it recently on Twitter. The fun began when the Twitter profile teased its followers by claiming to have hired someone named ‘’Gary’’ who simply loves blockchain but the team quickly followed up on the joke with the Truth. Steve Lee who goes under the nickname ‘’Moneyball’’, describes himself as the ‘’PM working to improve Bitcoin’’ who also stated to be very happy to work with Dorsey’s company.
Jack Dorsey also posted on Twitter an image of the ‘’historical bitcoin transactions’’ which spiked up the crypto community on Twitter. While the entire division at the company is now working only for Square Crypto, Dorsey seems to be very fond of the community. In the meantime, Bitwise CEO Hunter Horsley congratulated on the new hire:
“@moneyball is amazing. Can’t think of anyone better for this role. Congratulations @sqcrypto and @moneyball!!!”
Square Crypto is going on with the strategy to the vest since coming to the social media platforms in March. Since then, they have shown us multiple times that they are working on something that will be groundbreaking even for crypto. While they have the name ‘’crypto’’ in the company’s name, they are mainly focused on Bitcoin which make sense since Dorsey is expecting for the number one cryptocurrency to become the ‘’native currency’’ of the World Wide Web. The company stated:
“We are close to making our first hire. So let’s set some expectations. True to @jack’s founding tweets, we are building open source projects that will make mass adoption not just possible but inevitable. Our goal isn’t to make money, but to improve it.”
As it was explained previously in the latest cryptocurrency news, Dorsey’s team knows how to hype the community on Twitter after they even brought Tesla’s CEO Elon Musk into the heart of the conversations sometimes. Twitter, on the other hand, is at the totally opposite way of the crypto spectrum without indicating that they will ever integrate crypto.
Coinbase Closes Its Bundle Product After 8 Months On The Market
‘’Coinbase Bundle purchases have been deprecated, as such all assets purchased in the Conibase Bundle have been redistributed to their respective individual asset wallets.’’Coinbase Bundles were meant to provide the investors with a diversified digital asset portfolio which could be dollar-cost averaged by using the same tactic that the investors use in traditional asset classes. Investors could also spend up to $25 to purchase a bundle of five cryptocurrencies which were easily balanced in proportion to their own market cap. For example, Litecoin, Ethereum Classic, Ethereum, and Bitcoin comprised each bundle. In a combination with Coinbase Learn and Asset Pages, the bundles were meant to look good for crypto newbies that are aiming for the dollar cost average into some long positions without having to conduct a huge amount of technical analysis. When it was first introduced in 2018 in September, Coinbase noted:
‘’The vision of an open financial system depends on people’s ability to understand, explore, and choose cryptocurrencies. We expect that millions of people will make their first cryptocurrency purchase in the coming years. But all too often, getting started can be overwhelming for people learning about crypto for the first time.’’Now, after 8 months, Coinbase closes the Bundle project and this decision is bound to draw some criticism but maybe pleasure as well from those who dislike the company. It could be a very smart move to bin the product since the altcoins have been crashing recently as bitcoin corrected and managed to get on the rallying track. As noted in the latest cryptocurrency news, the cancellation of the Coinbase Bundle product could add some credibility to the argument that the diversification does not always work for crypto despite the sector being too volatile or calm.
Global Accounting Firm KPMG Partners With Microsoft To Develop Blockchain
“While we will be able to consume more data more quickly and across more locations than ever before in this next wave of telecom advancement, it is becoming increasingly complex for telecom companies to track and settle interchange fees.”The blockchain being piloted by KMPG, Microsoft and R3 is definitely a hot topic and aims to reduce the future costs, number of disputes and time involved in telecom settlements caused by “billions of mobile interactions flow[ing] through hundreds of connected networks managed by dozens of customers and suppliers.” However, it is not just future costs that the business partnership wants to solve. On the table are also current inefficiencies in the markets such as settlements and reconciliations which are currently handled manually and can take a month to be completed, Ghosh said. Currently, he said, a huge amount of data is generated around mobile devices. However, it goes a long way to know the conditions of a user's contract and their billing information - which must be authenticated by at least two parties if cross-service operations occur. Before the blockchain initiative, the global accounting firm KMPG had advised telecom operators on capital-efficient deployment of 5G networks, cyber security, privacy and data protection - all of which was featured in our coming altcoin news.
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