| Presented by | | | | | 1. President Trump tweeted yesterday about cryptocurrency, Bitcoin, and Facebook's Libra. President Trump tweeted that he is not a fan of these alternative asset classes and that the United States Dollar is the most dominant currency in the world. President Trump is taking an anti-crypto stance that has bi-partisan support across Congress. He tweeted: - I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....
- ....Similarly, Facebook Libra's "virtual currency" will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National...
- ...and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!
| | | 2. From The Forums: Many on Reddit took to the forum to talk about President Trump tweeting about crypto. Trident1000 posted: Meanwhile, Jerome Powell says Bitcoin is a store of value (a speculative gold) and its possible the US could have multiple currencies in the future if crypto really was widespread used for transactions. Tmfallon responded: Crypto is clearly something people want, and it makes sense to have worldwide currencies on a global scale not controlled by any single government. Adoption has been slow but steady, and it's very likely that bitcoin does become a store of value, while either lightning network on BTC or another cryptocurrency(s) becomes more widely accepted as cash. The rest of the cryptocurrencies will function as assets that fluctuate in value like stocks (for instance, dApp utility tokens) based on usage or fulfill some other purpose in the space. Trident1000 posted again: When the US president is defending the US dollar from cryptocurrencies you know things are getting spicy. Talking heads on Bloomberg were just commenting that the tweets are from global warped monetary policy that have to compete with crypto now in a world of negative interest rates/yields. | | | | Atlassian is heading to a city near you If every company is now a software company, what does that mean for your IT team? Come join the conversation and enable your teams to innovate, transform and lead your organization forward at Atlassian Team Tour: Future of IT. Explore topics around the future of work, the changing role of IT, and the importance of agile and open practices with Atlassian leadership and local peers. Register Now | 4. YouNow Regulation A+ fundraise given approval by the SEC. Live-streaming app YouNow is the second company to receive approval from the SEC regarding the Regulation A+ following Blockstacks' approval yesterday. YouNow previously raised $21 million by pre-selling tokens to prominent venture investors that include Union Square Ventures, Comcast, and Venrock. The companies Props token was valued at $0.1369 each by the SEC-approved filing. YouNow CEO Adi Sideman said, "Our offering of Props is the first consumer-facing offering of 'Howey tokens' to be qualified by the SEC. It makes it the first offering of consumer-oriented utility tokens that the SEC deems compliant, outside of Bitcoin and Ether. We used Regulation A+ (Reg A) for this qualification, so that Props may be earned by, and provide the functionality to, non-accredited investors, users, apps and validators, in compliance with U.S. regulations." - TECH CRUNCH | | | A MESSAGE FROM ARCADIA POWER | | Arcadia Power is making renewable energy more accessible and affordable An online energy service that acts like your own clean energy consultant, helping homeowners and renters nationwide connect to clean energy, find lower rates for power, and get the latest smart and energy-efficient products. | 5. Fidelity, Deloitte, and Amazon are backing a blockchain accelerator to mentor entrepreneurs building in the space. The accelerator named, Startup Studio, is spun out of IDEO CoLab Ventures. Participants will receive mentorship regarding product design, user testing, hiring, finance, law, and engineering, through one-day workshops. Another backer, Amazon, will help teams launch their blockchain technology on its AWS blockchain architecture. - THE BLOCK | | | | | | |