on the crypto
The news filtered over the last hours on Facebook cryptocurrency, who would like it on the track starting from 2020, have naturally had a vast echo, finding however other authoritative confirmations during the last hours.
In particular it was the Financial Times to affirm how just the FaceCoin has managed to gather around a table Mark Zuckerberg ei brothers Vinklevoss, those who had sued him accusing him of having stolen the idea of Facebook from them during the frequent acquaintance of Harvard. In addition, other details of considerable interest have come to light, such as the meeting between the top management and the representatives of Gemini e Coinbase, two of the main platforms for the exchange of cryptocurrencies, which could be involved in the procedures necessary for the conversion of Facebook tokens into other virtual currencies or into legal tender currencies.
Among the comments that followed the BBC article, which also states that at least for the moment it is indicated within the company with the name of GlobalCoin, in particular the one issued by Michael Novogratz, the founder of Galaxy Digital, a bank that works with digital currencies. Let's go and see his statements on the subject, precisely because of the authoritativeness of the source.
Novogratz's interview
The statements in question were extrapolated from ainterview given by Novogratz to CNBC and have indeed addressed the issue of virtual currencies fielded by social media which, in his opinion, they should meet with considerable success until becoming with time a real currency.
Words that are to refer not only to the items related to Facebook, but also to the project developed by Telegram , or Telegram Open Network (TON), which was mentioned in an article that appeared in turn on The Block, an authoritative information portal. In particular, the news relating to Telegram cites the internal information that the company has sent to investors, affirming the satisfaction with the results obtained in the test phase by TON, whose Byzantine consensus algorithm would prove to be up to the objectives indicated by original white paper. Satisfaction that according to The Block would be the basis of the significant acceleration underway, which it should bring the launch of the network in the third quarter of the current year.
Novogratz's trust is not new
It should also be underlined that Novogratz himself already in the past months has spent its remarkable reputation supporting digital assets, in particular in February of this year, when he had not had excessive qualms in stating how in his opinion Bitcoin represents a reserve of value that can be compared to gold.
A very demanding viaticum for the queen of cryptocurrencies which, however, gives way in the face of the words spent in favor of the virtual coins offered by social media: according to Novogratz, in fact, they could become the ideal fuel for online payments. A declaration which must be connected to the known problems highlighted by the virtual uniform attributed to Satoshi Nakamoto and to the validity of alternative projects such as Ripple, which aim precisely to overcome them.
The frost on the sector would now be over
In addition to the planned arrival of cryptocurrencies proposed by social media, Novogratz also addressed the state of the whole sector issue, in the light of the constant fluctuations recorded also in the last few weeks by the market. In this regard, he stated as he thought the frost of the past months is now to be considered a bad memory and that the market would be in a clearly bullish phase. Of which, however, Bitcoin may not take advantage, precisely because of its identification with a sector that proposes a large number of valid projects to a potentially endless audience like the global one and the fact that many investors over the past have scalded by betting on BTC at the wrong time.
