Roger Ver No Longer CEO of Bitcoin.com!!!
So, to kick things off, for today’s news segment, I am very happy to discuss with you four cool pieces of news. First, let me show you what they are. According to an official announcement on Aug 2, Bitcoin.com appointed a new CEO as the former CEO, Roger Ver will no longer be the CEO of the company. Next, Apple is going to release the Apple Card in collaboration with Goldman Sachs. However, purchasing crypto actually violates its customer agreement. Thirdly, it is so amazing to know that MoneyGram is now live on the Ripple xRapid platform, which is claimed to be able to settle the overseas transaction within seconds. And the final item, the South Korean government, has just declared a partial regulation-free zone for crypto-related firms. If you find these pieces of news interesting and would love to figure them out, then please make sure you stay with me until the very end of this video.
And this week, we once again have a super cool giveaway for all of you. As usual – it’s the $70 Bitcoin Giveaway. All you need to do is to like, comment, and subscribe, to have a chance to go into the draw. We will announce the winner this Saturday, by drawing out a video from this week and then randomly pick a winner from that video. And remember guys, all you need to do is to like, comment, and subscribe! It is super easy to be the next lucky winner.
The Market Today
Before we share all the news, let’s see what’s going on with the crypto market. On our top 10 tokens, most of them are increasing over the last 24 hours. In the first position, Bitcoin is in its upward trend with a 3.15% increase, heading back to the $11,000 mark. Ethereum and XRP are also following the same pattern with 2.43% and 1.61% gains. Litecoin and Binance coin, on the other hand, are the only tokens that are decreasing on the board. Moving on to the top 20, we can notice a similar trend. It is so amazing to see both Chainlink and NEO gaining more than 5% from yesterday guys. Meanwhile, IOTA is under a fluctuation with a 1.07% drop.
Bitcoin.com appointed a new CEO
Now, let’s jump to our first news segment. Per a report on Cointelegraph, Roger Ver, the former CEO of Bitcoin.com, has just changed his position from CEO to executive chairman, following the promotion of Stefan Rust who will now be the organization’s new CEO. The new CEO will continue the unfinished works of Roger Ver, (these include the company’s new products and services that promote peer-to-peer electronic cash.) Regarding the promotion, Rust commented:
“I’m hugely excited to take on the role of CEO working alongside Roger. Together we can now turbocharge the awesome team and great brand that is Bitcoin.com. […] We will play an integral part in making money work for everybody as society undergoes such an enormous and pivotal change. It’s going to be a wild ride, so don’t miss it!”.
Some information about the background of the new CEO, guys. Before being appointed to this position, Rust worked as the company’s Global Head of Corporate and Business Development. He also previously worked as the Chairman Emeritus of the Mobile Ecosystem Forum at Lucent, an American telecoms equipment company. In addition, he was the former manufacturer of Sun Microsystems, a computer workstations.
Apple Card will not allow crypto transactions
Moving on to the second news item for today. The news broke that the tech giant Apple will release the Apple card, which, according to its customer agreement – doesn’t allow its users to buy cryptocurrencies. For those who are unaware, the upcoming Apple card is the result of a collaboration between Apple and Goldman Sachs, a leading global investment banking, securities, and investment management firm. The new service is scheduled to launch this summer, like a credit card service. We can use it via a digital wallet app on our iPhones or via a titanium card issued by Goldman Sachs. According to the customer agreement, the term cryptocurrencies falls under the title cash advances or cash-like transactions. Here, have a look at the definition:
“Cash Advance and Cash Equivalents’ means any cash advance and other cash-like transaction, including purchases of cash equivalents such as travelers checks, foreign currency, or cryptocurrency; money orders; peer to peer transfers, wire transfers or similar cash-like transactions; lottery tickets, casino gaming chips (whether physical or digital), or race track wagers or similar betting transactions.”
MoneyGram is now live on the Ripple xRapid platform
And here we come to the third piece of news. The CEO of MoneyGram Alex Holmes has just announced the launch of xRapid last week, claiming that they can process the international transaction in just a few seconds. In his words:
“We started executing trades earlier this week and all signs point to this being a tremendously beneficial relationship for all parties involved. We are literally settling currencies in seconds, and to quote my friend Larry, ‘This is really cool.’”
Holmes says that the partnership with Ripple can facilitate it in terms of the international money movement. The core competitiveness of MoneyGram is its global liquidity and settlement engine, which allows the users to transfer billions of dollars to and from 200 countries all across the globe. The CEO added:
“Our partnership with Ripple will help further improve this core strength. Our internal innovation lab continues to explore new and exciting use cases for crypto, DLT and blockchain as we look to build the model of the future.”
South Korea declared a partial regulation-free zone for crypto-related firms
Moving to the last news item for today guys. It is officially announced by the government of South Korea – the regulation-free zone to support blockchain development. According to the Ministry of SMEs and Startups, the second-largest city by population will be the host for many blockchain-facilitated policies in terms of finance, public safety, and tourism. At least 11 regulations were removed in accordance with this project. The government hopes that crypto firms will have invested $25 million into the new zone by 2021 and development will be spread between the Munhyeon Innovation District, the Centum Innovation District, and the Dongsam Innovation District. One key element of the project is the public safety offering by Coinplug, a Gyeonggi Province-based company, which stated that it is the largest holder of blockchain patents in South Korea. One thing you should notice guys. This zone is not fully regulation-free. They are not going to legalize ICOs, and the stablecoin envisioned will be highly limited in terms of its use. It will be used mainly as rewards in the local blockchain offerings and will only be redeemable at certain establishments.
What are your thoughts regarding the new CEO for Bitcoin.com?
Should Apple allow cryptocurrency purchases on its card?
Are you excited about the launch of MoneyGram on the Ripple xRapid platform?
Will the new zone in South Korea really boost the country’s blockchain development?
Please pop your comment right below to let me know what you guys are thinking. And guys, please don’t forget to like and subscribe to go into the draw to win $70 worth of Bitcoin. It’s your girl Cindy with CryptoPig. I’ll see you on Tuesday!
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.