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Litecoin Founder Investing In Bitcoin Project
Litecoin founder Charlie Lee recently revealed that he is “an investor in Casa,” a Bitcoin personal key security firm. He also noted that he has high hopes for the company:
“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use and that is extremely important for this space. Looking forward to great things!”
People are making a big deal about this, and thinking perhaps Mr. Lee does not have complete faith in Litecoin, or that he feels that Bitcoin is superior, or it could just be that he wants to diversify his portfolio.
What will Mr. Lee invest in next?
Barclays No Longer Doing Business With Coinbase
It has been reported that Barclays, the London-based global bank, recently stopped banking for Coinbase. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank. While Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme , enabling instant withdrawals and deposits of British pounds at the exchange, ClearBank won’t offer the exchange the same service until at least the end of Q3 2019.
DAPPS And Privacy
FaceApp — the mobile applications has raised a lot of concerns about potential privacy violations for users that upload their photos to be edited. Rumors have circulated that the application might even be taking users’ photos from their phones and uploading them to the FaceApp cloud server without explicit permission. Now there is a push to Use DPAPPS – decentralized applications to help curb these issues. So will DAPPS be the thing that helps in the real of privacy and control of information moving forward?
Silvergate Bank Looks Into Crypto Loans
The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans.
“We believe there may be attractive opportunities to provide digital currency borrowing facilities to deepen our high quality customer relationships and further enhance our interest income.”
In the document, the firm states that it found significant demand for cryptocurrency-related borrowing.
Congressional Delegation Goes To Switzerland
A delegation of the United States House of Representatives is planning on a visit to Switzerland on cryptocurrency concerns, with Facebook’s not-yet-released stablecoin Libra being in the focus. A six-member delegation from the House Financial Services Committee is looking to exchange views about digital currencies.
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