#CryptoCorner: Libra (NasdaqGS: $FB) Association Establishing Technical Steering Committee, Accenture (NYSE: $ACN) Partners with CFTC for ‘Digital Dollar’
#CryptoCorner: Libra
(NasdaqGS: $FB) Association Establishing Technical Steering Committee,
Accenture (NYSE: $ACN) Partners with CFTC for ‘Digital Dollar’
Point Roberts, WA, Delta BC January 17,
2020 - Investorideas.com, a leader in
crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on
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Stocks discussed: (NasdaqGS:FB) (NYSE:ACN)
According to an
official blog
post
yesterday, Facebook’s (NasdaqGS:FB) Libra Association has voted to
establish a Technical Steering Committee (TSC) for the Libra project and has
already elected five members. The following responsibilities are outlines for
the TSC:
● Directing the
technical roadmap for the Libra network
● Forming Technical
Working Groups to fast-track research into selected specific issues
● Guiding codebase
development
●
Building
a healthy and engaged Libra developer community
One of the five
members to be elected to the TSC is George Cabrera III, Libra Core Product Lead
at Calibra, who commented:
"The Libra Association's mission is to be a
financial infrastructure that empowers billions of people, and having a group
to guide the design, building, and ongoing maintenance of that infrastructure
is vital to its success. The creation of this committee represents a notable
milestone for Libra's openness and sustainability as we forge ahead towards our
mainnet launch."
Accenture (NYSE:ACN) has partnered with the Commodity
Futures Trading Commission (CFTC) to create the Digital Dollar Project, a U.S.
central bank digital currency (CBDC) initiative. David Treat, senior managing
director and global Blockchain lead at Accenture, commented:
"Accenture is pleased to partner with the Digital
Dollar Foundation to advance the project by helping to bring together an expert
multistakeholder community to take maximum advantage of real world experience
and the latest technological capabilities. Central Bank Digital Currency is a
key enabler for the modernization of financial systems and will drive material
economic and social improvements and form the basis for a wave of new
innovation."
Crypto dealer San
Francisco Open Exchange (SFOX) is introducing the Separately Managed Accounts Solution,
aimed at enabling personalized crypto portfolio management for fund managers
and investors. Nabeel Qadri, Managing Partner at crypto fund-of-funds Protocol
Ventures, commented:
“SFOX’s SMA product is a game-changer for prime
brokerage in crypto. We can deploy a suite of strategies at scale and size our
risk efficiently while minimizing slippage and reducing the impact our orders
have on the underlying price of the asset. Transfers in and out are seamless
and the customer service team is extremely responsive. As a fund of funds, we
need to be institutional-grade — SFOX gets that.”
Proof of Trust
Ltd., which manages arbitration and dispute resolution surrounding smart and
blockchain contracts, intends to list on the Main Market of the London Stock
Exchange, according to an announcement today. The
company’s Chief Executive Dean Armstrong said:
"We at The Proof of Trust are excited at the
prospect of a full listing on the main market of the company's shares and we
look forward to providing investors with the opportunity to share in this groundbreaking
project."
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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