• Facebook's chief seems to be losing, for once. (Anthony Quintano via Wikimedia Commons)
    Libra

    Despite being called ‘global threat’, Libra Association launches

    A signing ceremony by the cryptocurrency’s members was overshadowed by dropouts and a report calling stablecoins a threat to the global economy

    Facebook’s wounded Libra Association formally voted itself into existence on October 14, electing a board and choosing officers. The ceremony was overshadowed by the loss of seven original members including Mastercard and Visa.

  • Alex Frenkel, general manager of Kin Ecosystem (via LinkedIn)
    Alt coins

    Despite SEC lawsuit against Kik, Kin Ecosystem is growing, claims GM | Interview

    Alex Frenkel sees developer interest in tokenomics gaining steam

    Kin Ecosystem is alive and well, according to its general manager, Alex Frenkel. That’s despite the Securities and Exchange Commission lawsuit against Kik Interactive, the company which created Kin. The SEC claims the Canada-based messaging app sold unregistered securities to U.S. investors during its 2017 ICO. The complaint stopped short of alleging that the Kin token—which is governed by Kin Ecosystem—is a security.

  • Brian Armstrong speaking at Consensus 2019 (photo by Leo Jakobson for Modern Consensus).
    Bitcoin

    Put crypto to work, says Coinbase’s Brian Armstrong in Consensus 2019 panel with Union Square Ventures’ Fred Wilson

    Coinbase Pro now has $1 billion under management according to Armstrong

    It’s time for cryptocurrency investors to stop hoarding and start putting their digital assets to work. That was one message Coinbase CEO Brian Armstrong offered attendees at Coindesk’s Consensus 2019 conference in New York on May 15.

  • Boost VC’s Adam Draper
    Cryptocurrencies,  Innovators

    As wildfires rage on, Adam Draper shares visions of decentralized world

    Dapps will topple Facebook and Apple; geo arbitrage will free the markets

    It was a dark and smoky night this past Tuesday in San Francisco. The fires of Northern California had blanketed the tech mecca with some of the worst air quality in the world. The streets were empty and the town had a surreal cyberpunk post-apocalyptic feel, but that didn’t stop Boost VC’s Adam Draper from partaking in an epic “AMA” (“ask me anything”) with the Crypto Underground. Down a dimly lit alley, in the basement of a coworking space, dozens of blockchain founders gathered to hear insights from one of Bitcoin’s biggest proponents. Draper, who was an early investor in Coinbase, talked about how its co-founder Brian Armstrong introduced him…