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Stellar Has a New CEO. Jed McCaleb Becomes “Chief Architect”

Stellar’s New Logo

Stellar has intensified its efforts to position itself as a reliable blockchain and a genuine challenger to Ripple solutions. Its successful strategies have allowed its token XLM to scale positions and solidly establish itself in eighth rank in the global marketcap. Now, to continue its fruitful path, the Stellar Development Foundation recently announced the revitalization of its executive staff, starting with a new CEO.

According to a press release, the Stellar Development Foundation team agreed to hire Denelle Dixon to be the new commander of the project. Former CEO Jed McCaleb, who was also part of Ripple’s founding team, was quite enthusiastic about this change and was positive that Ms. Dixon would play a crucial role in consolidating Stellar’s vision, just as she did during her presence in Mozilla.

“We’re thrilled to have Denelle lead the Stellar Development Foundation through its next phase of growth … Denelle’s long experience leading operations and business at Mozilla, as well as her work on the policy side, with advocacy around Open Internet and encryption and privacy, will be indispensable to SDF in the coming years.

Mozilla’s COO Denelle Dixon Succeeds Jed McCaleb as CEO of Stellar.

Denelle Dixon is currently COO of the Mozilla Foundation and will remain in that position until May of this year. She will then dedicate herself entirely to Stellar.

For his part, Jed McCaleb leaves his position as CEO to dedicate himself only to software development as Chief Architect, focusing on the design of Stellar’s adoption strategy and everything related to its network protocol.

Denelle Dixon said she would use her knowledge to make Stellar a more open and reliable option for the financial services market:

“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. I’m extremely excited to bring all I’ve learned to Stellar and to the Stellar Development Foundation.”

For his part, Chris Beard, CEO of the Mozilla Corporation, publicly thanked Ms. Dixon for her “significant contributions” to Mozilla during her time with that organization. Denelle began as an Associate General Counsel and had a successful 6-year journey climbing positions to become COO of Mozilla Corporation:

“As a key part of our senior leadership team, Denelle helped to build a stronger more resilient Mozilla, including leading the acquisition of Pocket, orchestrating our major partnerships, and helping refocus us to unlock the growth opportunities ahead. Denelle has had a huge impact here – on our strategy, execution, technology, partners, brand, culture, people, the list goes on. Although I will miss her partnership deeply, I will be cheering her on her new role as she embarks on the next chapter of her career.”

Right now, Stellar Lumens (XLM) remains in position number nine on the global marketcap, with a solid bullish trend that began on march 5 and a minor correction of 48 hours. XLM has a price of 0.10604 USDT and a marketcap of 2.05B USD according to coinpricewatch 

courtesy: Tradingview

The post Stellar Has a New CEO. Jed McCaleb Becomes “Chief Architect” appeared first on Ethereum World News.

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Bitpay CEO: Bitcoin Price Built Off “Speculation”

Big Component Of Bitcoin Price Is “Speculation”

Since the monumental run-up in the Bitcoin price during 2017, pundits have speculated that traders have ousted investors, creating an environment that has been rife with price speculation. In a recent interview with CNBC’s Squawk Box, Stephen Pair, CEO of the world-renowned crypto-friendly payment processor that is BitPay, confirmed this theory.

Speaking on the aforementioned outlet’s “Squawk Box” segment, Pair, presumably located in BitPay’s Atlanta headquarters, was first asked if BTC at $3,200 (current prices) is a fair value for the well-recognized digital asset. Turning the question somewhat on its head, long-time crypto savant Pair, formerly of IBM, noted that “it’s hard to say,” as a big component of the asset’s value is centered around speculative orders, which attempt to gauge how much impact BTC will have on society.

Yet, he added that a “small component” of BTC’s U.S. dollar valuation is tied to the utility of the asset, like as a digital store of value or an extremely secure digital medium of value — the latter of which being BitPay’s focus as an innovative startup.

BitPay CEO Speaks On (Bullish) Crypto Catalysts 

Pair, when questioned about his colleague’s prediction that the Bitcoin price could surpass $15,000 to $20,000 in 2019, went on to discuss catalysts that could push this cryptocurrency higher in the years to come. The CEO of the American fintech startup noted that while BitPay already processes $1 billion in BTC/BCH transactions yearly, he wants this sum to grow to $10 billion and $100 billion in the years to come, as a sign of the growing influence of cryptocurrencies on a global scale.

With adoption comes higher prices, Pair added, as is dictated by the principles of network value, and the simple fact that consumers will purchase BTC en-masse if payment solutions are seamless and cheap.

The industry chief also alluded to the theory that the arrival of institutional players and products, like a Bitcoin-backed exchange-traded fund (ETF), Bakkt’s crypto futures, and other related forays, could push prices higher, as such efforts could also drive adoption, and subsequently, the Bitcoin price.

Pair Has Confidence In Blockchain

An overarching theme in 2018’s crypto market has been a shift from cryptocurrencies to blockchain applications. So, it should as no surprise that the CNBC anchor went on to query Pair about decentralized ledger technologies, which underpins the Bitcoin Network and its altcoin brethren. Pair stated that he has confidence in the decade-old innovation, but added that when it comes down to the nitty-gritty, blockchains are just a form of a database, rather than an abstract concept that some see it as.

Yet, he added that over time, as the world progresses, companies will begin to adopt blockchain-like data management techniques for a range of use cases, one of which being cryptocurrencies, of course.

In closing, touching on what lies in this industry’s future, the insider noted that Bitpay’s thesis is that within three to five years, most payments will be conducted on blockchains, while a majority of assets would be situated on the same technology.

Bitcoin, Ethernet, Computer Board Title Image Courtesy of Marco Verch on Flickr

The post Bitpay CEO: Bitcoin Price Built Off “Speculation” appeared first on Ethereum World News.

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Ripple’s XRP with Excitement Accepted at Bitcoin Superstore: The CEO’s Vision

The daily basis flow of news regarding Ripple’s token asset XRP is a standard in the crypto-verse community. Whenever you type on Google or any search engine Ripple or XRP new information like specific development or partnership will represent itself. This characteristic showcases how hard the team is working to fulfill its CEO’s Brad Garlinghouse vision of the companies financial solutions being adopted global wide.

XRP Bitcoin Superstore

After partnering with Wirex, the company was able to add XRP token support to its Visa card. Subsequently, the number of sign-ups and transactions on the platform had a considerable boost.

The very fine qualities of XRP continue to pull users and firms towards itself with the latest addition of Bitcoin Superstore. Earlier this year, Brad Garlinghouse, the CEO of Ripple said the only way of XRP decoupling from Bitcoin influence is through mass adoption. 

This movement has supported the saying that the token has more utility than predicted and in fact the firm pushed up ahead and donated millions for humanitarian causes and charity. The first feedback was not that big, however judging from the most recent development Ripple is enjoying the last piece of the cake.

With the above announcement by Bitcoin Superstore via their twitter handle, users can almost in an instant complete settlements with XRP while purchasing from different retail outlets. These outlets being the leading ones like eBay, Amazon and others. If you choose to go for this option remember that XRP in the past has given out results of being cheap for both the merchant offering to accept the token and the user.

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Ripple [XRP] to Transform the Economy How We know It

With the bears having their saying for first half of the year, crypto-investors are hoping the most out of the second part of 2018 and hopefully gain will be witnessed.

Ripple For the Change

Being part of the cryptocurrency community for a longer time, make you forget for the near term changes in prices while tending towards the longer-term ideas. That is why much curiosity is around the startup Ripple, its token XRP and the blockchain based financial solutions the team is offering that aim to shake the global-cross border transactions how we know them.

The crystal clear goal of the team behind Ripple is to change one industry for the better. Much like Amazon, in its time when it wanted to change trading much faster and user friendly with delivery option, that is what Ripple is attempting to do for the cross-border transactions.

Furthermore, Ripple is aiming to solve real-life problems, and they are inventive by offering a solution to real-life problems through its xRapid. Ripple’s xRapid will use its token, XRP, to achieve this feat.

Ripple – Founder

Brad Garlinghouse was recently interviewed by CNBC at the recent Money 20/20 event in Amsterdam. Ethereum World News had earlier mentioned the manner in which Ripple (XRP) would more or less defeat Bitcoin (BTC) in the future, as an offshoot opinion piece of Mr. Garlinghouse’s comments during the same interview.

Brad Garlinghouse was noted as saying that there is a list of major banks in line to use the xRapid platform by the end of this year; with dozens expected to be doing so by next year. He had this to say about xRapid:

By the end of this year, major banks will use xRapid as a liquidity tool. By the end of next year, I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity.

Ripple – Swift

The Society for Wordwide Interbank Financial Telecommunication or SWIFT is around and close the same for over 40 years. Created in Brussels, Belgium 1973. It has done its part of allowing cross-border transactions to happen, but with no change of development. That is why a new, best be, blockchain solution is needed to be implemented.

With Ripple introducing the xRapid solution to transfer the XRP token to source liquidity, various existing issues would be solved. The whole process could take only 3 sec per transaction.

In the long term objective, with the prices hitting rock-bottom right around now it could be best to step in. However, as usual trade safely and do not overtrade.

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Nvidia CEO Says Cryptocurrency Is 'Not Going to Go Away'

“Crypto is a real thing — it’s not going to go away.”

So says Jen-Hsun Huang, chief executive of graphics card maker Nvidia, which yesterday posted its fourth-quarter results for 2017. The company said on an earnings call Thursday that demand from cryptocurrency miners for its product beat expectations but that overall, that market segment remains a small one.

Speaking with Barron’s in an interview, Jen-Hsun Huang echoed that sentiment, remarking that “clearly, there’s a lot of talk about crypto.” Indeed, much has been said about demand for the firm’s products (gripes from the gaming community about sky-high prices for GPUs notwithstanding) and the long-term prospects Nvidia faces.

“And crypto was a real part of our business this past quarter, even though small, overall,” the Nvidia CEO said.

Huang touted also touted the benefits of the technology underlying cryptocurrencies. There is “clearly real utility” with blockchain, Huang said, adding that he sees cryptocurrencies as being as real as any other type of virtual good or video game.

He expanded on this idea, going on to say:

“And as you know, tens of millions of virtual goods are created and shared and sold in virtual reality, and people invest thousands of hours to create space ships in space that they battle against each other. So, the concept of virtual goods and virtual worlds and virtual currency all ties together.”

Bigger picture aside, the conversation around sales to miners is not that important for Nvidia, Huang argued, noting that “to us, it’s all just demand for GPUs.”

Nvidia’s chief financial officer, Colette Kress, had also downplayed the impact cryptocurrency mining during the quarterly earnings call on Thursday, saying it was hard to quantify just how much revenue the company made from sales to cryptocurrency miners.

Image via Wikimedia 

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Cryptocurrency News: CEO of Ukraine Based Exchange Kidnapped

CEO of cryptocurrency exchange Exmo Finance – Pavel Lerner, was kidnapped on December 26th 2017 just when he was leaving work outside the office in Kiev, Ukraine. The head of the exchange agreed to a $1 million bitcoin ransom to be freed.

The case has been discussed all around the crypto-community as it is an example and a lesson giver about privacy and security while both of them are very important in the crypto-ecosystem. Keeping in mind that even the term cryptocurrency is on a popularity surge and let alone bitcoin and digital assets with their values rising, risks of attacks and theft are growing proportionally. Many lead-heads and very famous figures are concerned with the topic of protection and security.

Bitcoin was created in October 2008, when an anonymous person or group by the name “Satoshi Nakamoto” released a whitepaper about the peer-to-peer network and decentralized currency. Even after years of guessing, searching and interrogating individuals, nobody knows who is behind bitcoin. The mystery remains around this fabricated persona. It is reported that Satoshi owns one million bitcoin which is now worth approximately twenty billion dollars. Therefore, it is understandable why the founder kept a secret identity since the beginning. This was an extremely smart decision and now reveals to be warranted, following the story of Pavel Lerner.

In a same manner, The Winklevoss twins did take a strategic maneuver by splitting the private keys and sending them across the U.S. in different banks just to make raise the bar of protection in any case of kidnap or information theft.

The creator of Litecoin Charlie Lee, is very opened up and active on social media and discussions when it comes to the crypto-ecosystem in general. While this gives him a positive image, it also raises the question of privacy and secrecy. It can reveal to be dangerous to be so open, especially as the creator of one of the most popular coins. However, recently the creator of The Silver Coin, has declared that he sold all his holdings in LTC but is still working in the project and backing up the team.  This could be due to security concerns and pressure he might have received. The founder of Ethereum and very well respected figure – Vitalik Buterin, might feel and be in the same position. Having its popularity on such a high level and known to the general public, the mind behind one of the era-changing cryptos is running even a higher risk. These two actors of the cryptocurrency space have security guards, and their assets are extremely secure and well protected.

The unfortunate story of Pavel Lerner is a good reminder that it is extremely important to be private about owned assets and to hold private keys securely. It is important to keep digital currencies out of exchanges, where one does not have private keys, and in wallets, where one does. Andreas Antonopoulos, a bitcoin advocate and expert, says “Your keys, your bitcoin, not your keys, not your bitcoin”. Holding the private keys means the person truly owns the currency. If the individual does not have the private keys, then he or she is not the direct owner of the asset. That is why extreme security and privacy are important as the world moves towards adopting cryptocurrency as a means of payment and storage of value.

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It’s Everything on Bitcoin or Go Home! – Japanese Exchange CEO

The CEO at Bitflyer – the Japanese largest virtual currency exchanging platform Yuzo Kano, described on an interview how the investors from his country that are conservative are taking steps to ‘go all-in’ on BTC and digital currencies.

Traders and investors from South Korea, Japan and China are majorly very conservative when it comes to their ‘best and investments’ while being not very open to change into any new asset. However, as years passed, Bitcoin and other virtual currencies have been struck by the mainstream ‘pusher’ which turned Japan into the largest BTC exchange market right now.

With that being said, the above mentioned market counts up to 61.23 percentage points of all bitcoin trading in a global scale.

Yuzo Kano, in an interview for The New York Time – mentions the legalization of Bitcoin as a cryptocurrency and the authorization of exchanges by the FSA – Financial Services Agency officials, which both triggered the conservative investors to move ‘all what they got’ on BTC and other digital assets:

“Japanese people tend to be very conservative with their investments, but once they get triggered they go all in.”

A similar trend has emerged in South Korea, as Bitcoin and cryptocurrencies have become the norm. Tony Lyu, the founder and chief executive of Korbit, the South Korean cryptocurrency exchange that was acquired by the $10 billion gaming company Nexon at a $140 million valuation, explained:

“Word just spreads really fast in Korea. Once people are invested, they want everyone else to join the party. There’s been this huge, almost a community movement around this.”

In consideration of the rapid growth rate of the Japanese and South Korean Bitcoin markets, prominent investors and analysts including Tuur Demeester have noted that the mid-term trend of the Bitcoin price would likely depend on the performance of two markets.

‘The train has started its engines’ as many very well known figures, high profile respected crypto-community members, institutional and retail traders have initiated their approach and engagement with BTC and crypto-trading while firms like Korbit and Bitflyer that are supported by multi-billion dollar investment companies are creating the right structure and platform for the best user approach.

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