Anthony Pompliano, the head of Morgan Creek, is in the latest cryptocurrency news for his expectations about the future of the blockchain space. As Pompliano noted, contrary to the expectations of many in the sphere, Facebook will eventually build the “most used product in crypto.”
The popular ‘Pomp’ noted that while responding to a tweet by The Block founder Mike Dudas, inferring that the social media giant is continuously hiring blockchain engineers without a clearly defined role or purpose for them.
As such, he stated that based on Facebook’s track record of development, scaling and deployment – he expects that it’s only a matter of time before the company rises and dominates the crypto space.
I bet Facebook builds the most used product in crypto.
— Pomp 🌪 (@APompliano) December 6, 2018
Meanwhile, earlier this year we reported about Facebook’s efforts towards scaling its blockchain division – as well as the plans to build a cryptocurrency project on the Stellar network as its first assignment. And while Facebook denied some of these reports, there is certainly something cooking at their office.
In the meantime, the social media giant has been continuously hiring blockchain developers to join its growing team. The head of the blockchain division at the company, David Marcus, recently resigned from his position on the board of directors at Coinbase, citing a new conflict of interest and fueling the speculations that the company is indeed set to launch a cryptocurrency project.
Russian State Duma To Review Crypto Regulation: Preparing For Oil-Backed Crypto
“Perhaps the oil-backed cryptocurrency will be the pioneering project that will create a reliable structure for the cryptographic market as a whole," he concluded.
Fidelity Investments Adopts Lighting Torch
New Privacy Mechanism For ETH Smart Contracts Developed By Stanford Researchers
“We describe an extension to Zether that can also hide the sender and receiver involved in a transaction among a group of users chosen by the sender. Though the overhead associated with anonymity scales linearly with the size of the group, no trusted set-up is needed and no changes to the underlying smart contract platform are required.”The report specifies that the Zether contract will never transfer funds without checking a transfer proof in order to prevent illegal transfers. This new design makes sure that the security of Zether depends on itself and not on third-parties or outside smart contracts. All of the privacy coins that provide users with a higher level of anonymity are still receiving mixed feelings from the community. For example, Charlie Lee declared he is focused on making Litecoin more fungible and private and to implement confidential transactions sometime in 2019.
Two Ohio-Based Companies Officially Paid Taxes With Cryptocurrency
“We will never accept won or renminbi or francs or cryptocurrency, or any other currency. You have to relieve your debts to the state of Ohio with U.S. dollars. That’s what we’re currently accepting. This platform just allows for that exchange, basically before that debt is settled to the state of Ohio.”Sprague pointed out that the treasury is reviewing how the program can be expanded and they are looking into the potential risks that can come up by using this method of tax payments. Ohio is working hard to attract blockchain-related businesses to the state. The state has already passed a law allowing businesses to pay taxes in crypto but the State Treasurer Josh Mandel stated that the legislation ‘’pants a flag’’ in Ohio regarding cryptocurrency adoption. Two days ago, the County Auditors’ Association of Ohio announced the gathering of a group that will work to explore the benefits of blockchain in real estate and transfer of land titles.
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