- Telecommunications Giant Vodafone Leaves the Libra Association
- Group of Central Banks Assesses Developing Central Bank Digital Currencies
- South Korea Might Impose 20 Percent Tax on Cryptocurrency Profits
- Report: Terrorists Increasingly Use Crypto to Raise Funds Anonymously
- Canadian Securities Administrators Subject Crypto Exchanges to Securities Laws
Although Twitter’s boss and founder, Jack Dorsey, has strongly resisted the temptation to borrow a leaf from Mark Zuckerberg and run its own native digital coin, he has never relinquished his stand on virtual currencies.
Putting his money where his mouth is, Dorsey joined hands with the initial coin offering (ICO) platform CoinList in its latest funding round, which saw funds pouring in in the sum of $10 million, the Wall Street Journal reports. Famously, CoinList recently facilitated the launch of the token Blockstack, which is completely registered and regulated by the United State’s Securities and Exchange Commission (SEC).
According to Dorsey, the crypto community needs a trustworthy platform to excel, and CoinList has proven beyond a doubt that it can fit the bill. He stated:
“Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step.”
The Wall Street Journal also reports that this is not the first big project the crypto firm has handled. The crypto firm is a spin off of AngelList, which functions as a leading expert in vetting for crypto and blockchain startups that are looking to initiate a token sale.
CoinList bridges the gap by connecting these crypto startups with accredited investors who are willing to venture into the crypto world. Making it both easy and less risky for startups that are yet to find their feet in the overcrowded crypto market to thrive.
The WSJ additionally points out that CoinList has made a successful funding round that was welcomed by top investment firms such as Polychain Capital. Its maiden funding round saw a total of $9 million and the track record shows that CoinList has supported more than $800 million worth of digital coins via initial coin offerings. An additional example of a popular ICO listing on CoinList includes the just-concluded ICO of Filecoin.
With such a track record, it is no wonder partners and startups rally around this ICO platform firm. An additional backing by Twitter boss certainly says a lot about it.
The Pro-Bitcoin Social Media Entrepreneur
Since the advent of cryptocurrency, Jack Dorsey has always made his belief in virtual currencies, especially in the most celebrated cryptocurrency Bitcoin(BTC)trade, known. In one of his many pro-Bitcoin speeches, Twitter’s CEO and founder proclaimed that he strongly believes that digital currencies such as Bitcoin would someday become the internet currency.
The internet is indeed gradually growing into a virtual nation, and Bitcoin checks all the boxes for qualifying as the unofficial (yet) digital currency of this fast rising kingdom.
Yet, recently Dorsey made it crystal clear that Twitter has no intention of joining the cryptocurrency Libra project of its social media friend/foe Facebook.