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Paypal Veteran Hops On Crypto Gravy Train, Joins 0x (ZRX) Advisory Board

Former Paypal COO David Sacks Joins 0x Crypto Startup

As the nascent cryptocurrency industry continues to gain traction across the globe, talents from legacy industries have begun to flock to promising blockchain/crypto-centric startups. Most recently, David Sacks, the former chief operating officer (COO) of Paypal, has entered an advisory position at the well-known 0x project, reports Fortune.

According to the report, 0x, a well-known provider of a decentralized exchange protocol/system, has just announced a formal partnership with Harbor, a regulatory compliance platform aimed at certain forms of securities tokens. Along with establishing a working relationship, this move sees the aforementioned Paypal COO, who backs Harbor, take a position on the 0x advisory board.

Expressing his excitement for the news, Sacks issued a tweet, writing:

Excited to join the advisory board of – one of the most important projects in crypto – which is helping to build the security token tech stack along with portfolio companies and . 

Many saw this collaboration as a positive signal, as some proponents of emerging technologies believe that securities tokens will drive the adoption, growth, and maturation of the cryptosphere in the coming years. 0x CEO Will Warren, who is evidently a diehard advocate for securities tokens, expressed his hopes for this subset of crypto assets, stating:

In the next five years, there will be a massive shift away from securities being in closed systems that are highly regulated and hard to access. It will be a much more open system where trading location is less important. But for this to happen, there needs to be a security token tech stack.

Speaking with Fortune, Josh Stein, the CEO of Harbor, drew attention to the fact that 0x and Harbor are complementary of each other, making it clear that the two firms should mutually benefit from this recently-established bond. Stein explained:

0x and its growing network creates the opportunity to connect buyers and sellers around the world. By tackling the regulatory compliance challenges of tokenizing private securities, Harbor makes it easy for issuers and investors to abide by existing rules and regulations across jurisdictions.

Calling back to a previous report, Fortune brought up a conversation held with Paypal’s former COO, who holds a position as the co-founder of Harbor and a partner at Craft Ventures.

According to Sacks, the real estate industry will be the first legacy market and asset class to see a move onto blockchain-centric systems, as blockchain assets evidently make it easier to transact in the real estate market than the tedious, long-drawn-out processes involved with the traditional act of purchasing and selling land. Additionally, real estate-backed crypto assets can be easily be divided, which creates an opportunity for unique investment opportunities that will only be available via modern technologies.

0x (ZRX) Falls 5% In Correlation With The Market

Even in the face of positive news, it has become apparent that ZRX, the native crypto asset of the 0x ecosystem, fell in correlation with the rest of the market. At the time of writing, ZRX is worth $0.638 a piece and is down 4.88% in the past 24 hours.

Chart Courtesy of TradingView
Photo by Campbell Boulanger on Unsplash

The post Paypal Veteran Hops On Crypto Gravy Train, Joins 0x (ZRX) Advisory Board appeared first on Ethereum World News.

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Coinbase Displays Maker (MKR), 0x (ZRX), Basic Attention Token (BAT) On Its Newly Converted Toshi Wallet

The cryptocurrency community is surprised seeing Coinbase display Maker, OX, Basic Attention Token on its newly converted Toshi Wallet.

Not long, Coinbase announced it’s exploring some assets and may soon list them on its exchange.

Among these coins were Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). However, Coinbase did not state if it will definitely list this asset. Also. Maker is said to be explored by Coinbase Custody, but not Coinbase exchange.

Displaying these three coins on Coinbase wallet does not denote the Coinbase exchange will list any of them anytime soon.

Few days ago, Coinbase announced it is converting Toshi wallet to Coinbase Wallet. The exchange said that Toshi’s now Coinbase Wallet.

According to a release by Coinbase, “Toshi was developed by the Coinbase team a little over a year ago.”

“When the product launched, it featured the world’s first mobile dapp browser. Later, we became the first wallet to launch crypto collectibles. Our goal was to make managing crypto and accessing the decentralized web as easy as downloading an app on your mobile phone. And as part of our effort to be the most trusted brand in the space, we also set out to provide best-in-class secure storage. With Coinbase Wallet, your private keys are secured using your device’s Secure Enclave and biometric authentication technology.”

According to the release, with Coinbase wallet, it is easy for users to:

  • Manage ETH and all your ERC-20 tokens (very soon we’ll be supporting BTC, BCH and LTC).
  • Receive airdrops and ICO tokens.
  • Buy and store crypto collectibles — non-fungible tokens that are unique — and use them in games, or trade them on marketplaces.
  • Send payments to anyone anywhere, without geographical borders or fees.
  • Access leading decentralized exchanges and relayers to buy and sell tokens.
  • Explore the full universe of third party dapps that enable everything from taking out a loan or lending to others on the blockchain to earning crypto by answering questions, performing services, or completing tasks.

Every cryptocurrency related idea is seeking expansion, this has been the case of Coinbase and many other prominent crypto exchanges.