‘Every FAANG Company Will Have Crypto Project Within the Next 2 Years,’ Say Winklevoss Twins

2019-7-11 19:25

Coinspeaker
‘Every FAANG Company Will Have Crypto Project Within the Next 2 Years,’ Say Winklevoss Twins

During a recent interview, billionaire brothers and crypto bulls, Tyler and Cameron Winklevoss, have forecasted that sometime in the two years, all the FAANG companies will float some cryptocurrency platform of the other. The Winklevoss Twins founders of cryptocurrency exchange Gemini and very popular cryptocurrency proponents said this while discussing Facebook’s Libra, predicting that Facebook is just the first of the five companies to begin.

According to Tyler:

“Our prediction is every FAANG Company will have some sort of cryptocurrency project within the next two years.”

FAANG is an unofficial acronym for the five big tech/internet giants including Facebook, Amazon, Apple, Netflix and Google.

The twins, who have had a reasonably tumultuous relationship with Facebook in the past, further shared their excitement about Facebook’s foray into the cryptosphere. They expressed hope that a giant like Facebook creating a crypto project, will help simplify the sector, making it attractive to non-crypto people. Explaining this, Tyler added:

“[Libra] is very positive for crypto. A company the stature of Facebook talking about cryptocurrencies demystifies the word and makes people feel a lot more comfortable.”

Work With Regulators, Twins Tell Zuckerberg

The general sentiment from U.S. lawmakers towards Facebook’s Libra hasn’t been entirely favourable and on the 2nd of July, Maxine Waters, the House Financial Services Committee Chairwoman along with her colleagues, released a statement asking Facebook to suspend the Libra and its Calibra wallet due to issues surrounding “privacy, trading, national security and monetary policy.”

Even though David Marcus, the head of the Calibra project, is already due to testify before the Senate Banking Committee on July 16, he still responded through a letter saying “I want to give you my personal assurance that we are committed to taking the time to do this right.”

Now, regardless of the previous relationship with Facebook, the twins were asked during the interview, if they had any words of advice for Mark Zuckerberg, Facebook’s CEO ahead of the Senate hearing. To this, Tyler Winklevoss responded that this is a great opportunity for the cryptocurrency sector and has asked Zuckerberg and Marcus to help set the right regulation for the industry.

Tyler advices:

“Work with regulators. Talk with them. You know, we definitely went through the front door and we tried to educate the regulators and shape the regulation in a thoughtful manner because if you get the regulation wrong, it can stifle innovation, but the right regulation allows for innovation to flourish, and we think we have achieved that right balance with New York.”

Nevertheless, fears about the Libra became a bit more heightened after Jerome Powell, the chairman of the U.S. Federal Reserve specifically said that continuance of the Libra project requires that a few “serious concerns” be addressed and “cannot go forward” until that happens. This announcement alone impacted Bitcoin, causing its price to drop by more than 10%.

Will the Libra Trade on Gemini?

Regardless of the fact that the Libra will not be officially floated until 2020, the twins have already disclosed that they are not opposed to trading the Libra on their Gemini exchange if it isn’t too restricted by the Libra Association.

“We’ll evaluate Libra in earnest, and it might actually be an asset that is one day listed if it’s an open protocol; that’s possible.”

‘Every FAANG Company Will Have Crypto Project Within the Next 2 Years,’ Say Winklevoss Twins

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 4.67 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0034941 (-100%)

crypto winklevoss years faang every say twins

crypto winklevoss → Ðåçóëüòàòîâ: 126


Ôîòî:

Winklevoss Twins: Undervalued Bitcoin Could Hit $500,000 As It’s The Only Long-Term Hedge Against Inflation

If you think you have missed out on Bitcoin’s massive 2020 gains, you might want to think again. Cameron and Tyler Winklevoss, crypto billionaires, and the co-founders of the Gemini crypto exchange believe that the bellwether cryptocurrency still has more gas left in the tank as it is wildly undervalued at anything less than $500,000 […]

2020-8-29 23:09


Winklevoss Twins Claim Crypto Could Ultimately Be a Strong Social Network, But Will Increased Regulation Lead to This?

There’s no question that the relatively small and niche nature of cryptocurrencies in their current state leads them to have a strong community of avid supporters backing them, but on multiple occasions the crypto community has seen itself be divided along the lines of individual digital currencies.

2019-3-12 01:00


Ôîòî:

This Is A Sign Of Things To Come, There’s Nine More Bitcoin ETF’s To Be Approved

This weeks decision by the United States Securities & Exchange Commission (SEC) to delay the decision on the pending SolidX-VanEck Bitcoin ETF application had caused a storm in the markets. Likewise, a few weeks ago, we saw a similar thing happen within the markets when the SEC rejected a Bitcoin ETF application made by the Winklevoss twins and Gemini.

2018-8-9 12:00


Ôîòî:

The SEC Is Delaying Another Bitcoin ETF Decision

The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.

2018-8-8 17:15


Wall Street’s Crypto King to CNBC: Institutions Are Afraid to Be the First Investor in Bitcoin

Bart Smith, aka Wall Street’s Crypto King, went on CNBC’s Fast Money recently and gave positive predictions for the future of Bitcoin. Smith, who is head of digital asset at Susquehanna, appears to not be troubled by Bitcoin’s recent downturn nor the recent denial of the proposed Winklevoss Bitcoin ETF by the SEC. Smith attributes […]

2018-8-3 07:29


SEC Comm. Hester Pierce Hopes Her Dissent Will Shed Some Lights on The Next Crypto ETF Application

After publishing a letter in which she publicly expressed her disagreement with the SEC’s decision to deny the Winklevoss brothers’ request for a bitcoin ETF, Hester Peirce became famous in the crypto -verse as the only SEC Commissioner to have the courage to reflect the hodlers’ feelings about the legitimacy of cryptocurrency and its viability […] The post SEC Comm.

2018-8-3 22:00


[WATCH] SEC Commissioner Hester Peirce’s Interview on Bitcoin ETF Approval

Hester Peirce, an SEC Commissioner, has received a great deal of attention lately for her comments concerning cryptocurrency and her dissent in the SEC’s denial of Winklevoss’s ETF. Here is the full video of the entire hour long interview conducted by CNBC Africa's Crypto Trader show Ran NeuNer: SEC commissioner @HesterPeirce talks about why she […]

2018-8-2 01:26


Ôîòî:

Crypto Week In Review: Nasdaq Leads Regulation Talks, Legitimizing Bitcoin

Discussion about cryptocurrency-related regulation continued into this past week, as Bitcoin took the lead, driving the market up by just under 10% overall. Winklevoss Twins’ Revised ETF Gets Shot Down By The SEC On Thursday, the announcement of the most recent verdict regarding the Winklevoss Twins’ Bitcoin ETF hit headlines all across the industry.

2018-7-29 10:00


Ôîòî:

SEC Commissioner Officially Dissents From New Bitcoin ETF Decision, Becoming Popular on The Crypto Community

Following the SEC’s decision to reject the application for approval of the Winklevoss Bitcoin Trust for listing and trading shares on Bats BZX Exchange, Inc. (BZX), the SEC Commissioner Hester Peirce issued an official Dissent in which she states her opinion regarding what she considers an incorrect decision: “I respectfully dissent from the Commission’s order […] The post SEC Commissioner Officially Dissents From New Bitcoin ETF Decision, Becoming Popular on The Crypto Community appeared first on Ethereum World News.

2018-7-27 19:12


Ôîòî:

Expert Claims That Bitcoin Will Rise 6000% In 6 Years, Seriously

As Bitcoin starts to retreat and as the markets start to balance, we may all start to be feeling a little less optimistic about a potential looming bull run. We do know that this is mostly likely down to the SEC decision to reject the Winklevoss application for a Bitcoin ETF but regardless of what’s caused it, it’s happening and unfortunately, there’s not a lot we can do about it at present.

2018-7-27 16:00