{"id":412293,"date":"2020-01-25T23:30:15","date_gmt":"2020-01-25T23:30:15","guid":{"rendered":"https:\/\/wncen.com\/?p=412293"},"modified":"2020-01-25T23:09:00","modified_gmt":"2020-01-25T23:09:00","slug":"crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/","title":{"rendered":"Crypto Tidbits: Elon Musk Talks Bitcoin, Ripple IPO Coming, Facebook&#8217;s Blockchain Loses Another Member"},"content":{"rendered":"<p>Another week, another round of\u00a0<a href=\"https:\/\/wncen.com\/?s=Crypto+Tidbits&amp;lang=en\" data-wpel-link=\"internal\">Crypto Tidbits<\/a>. The past week hasn&#8217;t been too good for Bitcoin, Ethereum, and their ilk, with the leading digital assets losing around 7% apiece since our last update. As of the time of writing this article, BTC is trading for $8,350, failing to maintain the over $9,000 prices seen last week.<\/p>\n<p>Despite the negative price action, the past 7 days were arguably extremely positive for the cryptocurrency and blockchain space, with there being a flurry of developments that could eventually boost this market.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-411441 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_1011958837-scaled.jpg?resize=800%2C490\" alt=\"\" width=\"800\" height=\"490\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_1011958837-scaled.jpg?w=2560 2560w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_1011958837-scaled.jpg?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_1011958837-scaled.jpg?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_1011958837-scaled.jpg?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_1011958837-scaled.jpg?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_1011958837-scaled.jpg?w=2048 2048w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_1011958837-scaled.jpg?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_1011958837-scaled.jpg?w=1140 1140w\" sizes=\"(max-width: 800px) 100vw, 800px\"><\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/wncen.com\/2020\/01\/19\/crypto-tidbits-bitcoin-hits-9000-institutional-cryptocurrency-investment-spikes-nba-team-uses-ethereum\/\">Crypto Tidbits: Bitcoin Hits $9,000, Institutional Cryptocurrency Investment Spikes, NBA Team Uses Ethereum<\/a><\/h6>\n<h2>Bitcoin &amp; Crypto Tidbits<\/h2>\n<ul>\n<li><strong>Tesla&#8217;s Elon Musk Talks Bitcoin and Crypto Again:\u00a0<\/strong>While Elon Musk is known not to have a large stake in Bitcoin or cryptocurrency, when <a href=\"https:\/\/wncen.com\/2019\/02\/20\/billionaire-elon-musk-bitcoin-quite-brilliant-tesla-crypto\/\">he talks about this industry<\/a>,<a href=\"https:\/\/wncen.com\/2020\/01\/10\/elon-musk-just-dropped-the-bitcoin-bomb-on-twitter-again\/\"> people listen.<\/a> This week in an episode of the Third Row Tesla Podcast, the Telsa and SpaceX CEO shared his thoughts about digital assets. Starting his train of thought first with \u201cclever\u201d to \u201cWhat did you think of Satoshi\u2019s white paper?,\u201d the Tesla visionary said that there are obviously Bitcoin transactions not made in \u201cthe balance of the law.\u201d Musk did, though, say that he sees \u201ccrypto as effectively a replacement for cash,\u201d yet made it clear that he doesn\u2019t expect a digital asset to become \u201cthe primary database.\u201d<\/li>\n<\/ul>\n<div class=\"jeg_video_container jeg_video_content\"><\/iframe><\/div>\n<ul>\n<li><strong>Fintech 바카라에 대해 자세히 알아보기 Square Backs the Lightning Network, a Bitcoin Scaling Solution: <\/strong>This week, the crypto-centric division of the fintech giant Square released its first product: the Lightning Development Kit (LDK). The LDK, the post indicates, will allow wallet developers to create \u201ccustom\u201d integrations of the Network in an \u201ceasy, safe, and configurable way\u201d through an API, demo apps, and other technical tools. Essentially, it allows Bitcoin software developers to more easily integrate the <a href=\"https:\/\/wncen.com\/?s=Lightning+Network&amp;lang=en\">Lightning Network<\/a>, a second-layer scaling solution that effectively migrates some transactions off the main chain to allow for lightning-fast, effectively free, and cross-chain transfers.<\/li>\n<li><strong>Square Bags Key Patent for Crypto, Fiat Transactions:\u00a0<\/strong>Speaking of Square, the company just was awarded a crypto-related <a href=\"http:\/\/patft.uspto.gov\/netacgi\/nph-Parser?Sect1=PTO2&amp;Sect2=HITOFF&amp;p=1&amp;u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&amp;r=1&amp;f=G&amp;l=50&amp;co1=AND&amp;d=PTXT&amp;s1=Square&amp;s2=Bitcoin&amp;OS=Square+AND+Bitcoin&amp;RS=Square+AND+Bitcoin\" rel=\"nofollow\">patent<\/a>. This patent outlines a system that will allow fiat to be rapidly converted into \u201cnon-fiat\u201d instruments, with the document mentioning the word \u201cBitcoin\u201d and \u201ccryptocurrency\u201d (and Ethereum, too) on a number of occasions. The network and technology defined in the patent could theoretically enable seamless crypto-to-fiat and fiat-to-crypto transactions, potentially mitigating the volatility element in Bitcoin transactions that makes them unviable.<\/li>\n<li><strong>Ripple CEO Announces Intent to Issue IPO&#8230; Eventually:\u00a0<\/strong>This week, Brad Garlinghouse, CEO of <a href=\"https:\/\/wncen.com\/?s=Ripple&amp;lang=en\">Ripple<\/a> Labs, and many other of the world&#8217;s executives descended on Davos in Switzerland to talk finance. During a Wall Street Journal event, the leading Ripple executive said that he believes in the next 12 months, \u201cyou\u2019ll see initial public offerings in the crypto\/blockchain space.\u201d Garlinghouse, touching on the long-held sentiment that Ripple will eventually issue shares on the public market, <a href=\"https:\/\/twitter.com\/ashgoblue\/status\/68038656?s=21\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">said<\/a> that \u201cWe\u2019re not going to be the first and we\u2019re not going to be the last, but I expect us to be on the leading side\u2026 it\u2019s a natural evolution for our company.\u201d In the same interview, he said he sees value in Bitcoin as a store of value, but not as a medium of exchange.<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u201cIn the next 12 months, you\u2019ll see IPOs in the crypto\/blockchain space. We\u2019re not going to be the first and we\u2019re not going to be the last, but I expect us to be on the leading side\u2026 it\u2019s a natural evolution for our company.\u201d &#8211;<a href=\"https:\/\/twitter.com\/bgarlinghouse?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@bgarlinghouse<\/a> at <a href=\"https:\/\/twitter.com\/hashtag\/WEF20?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#WEF20<\/a><\/p>\n<p>&mdash; Asheesh Birla (@ashgoblue) <a href=\"https:\/\/twitter.com\/ashgoblue\/status\/68038656?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 23, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<ul>\n<li><strong>Japanese Government Working On Digital Currency: <\/strong>Reuters reports that a parliamentary group comprised of 70 Liberal Democratic Party lawmakers is looking to issue a national digital currency.<\/li>\n<li><strong>Facebook&#8217;s Crypto Project Libra Loses Vodafone:\u00a0<\/strong>Facebook&#8217;s Libra blockchain project just lost a partner in Vodafone,\u00a0a primarily British telecom provider. \u201cWe have said from the outset that Vodafone\u2019s desire is to make a genuine contribution to extending financial inclusion,\u201d a spokesperson said, seemingly trying to show that this move was not made in ill intent to the goals of financial inclusion.<\/li>\n<\/ul>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Another week, another round of\u00a0Crypto Tidbits. The past week hasn&#8217;t been too good for Bitcoin, Ethereum, and their ilk, with the leading digital assets losing around 7% apiece since our last update. As of the time of writing this article, BTC is trading for $8,350, failing to maintain the over $9,000 prices seen last week. Despite the negative price action, the past 7 days were arguably extremely positive for the cryptocurrency and blockchain space, with there being a flurry of developments that could eventually boost this market. Related Reading: Crypto Tidbits: Bitcoin Hits $9,000, Institutional Cryptocurrency Investment Spikes, NBA Team Uses Ethereum Bitcoin &amp; Crypto Tidbits Tesla&#8217;s Elon Musk Talks Bitcoin and Crypto Again:\u00a0While Elon Musk is known not to have a large stake in Bitcoin or cryptocurrency, when he talks about this industry, people listen. This week in an episode of the Third Row Tesla Podcast, the Telsa and SpaceX CEO shared his thoughts about digital assets. Starting his train of thought first with \u201cclever\u201d to \u201cWhat did you think of Satoshi\u2019s white paper?,\u201d the Tesla visionary said that there are obviously Bitcoin transactions not made in \u201cthe balance of the law.\u201d Musk did, though, say that he sees \u201ccrypto as effectively a replacement for cash,\u201d yet made it clear that he doesn\u2019t expect a digital asset to become \u201cthe primary database.\u201d Fintech 바카라에 대해 자세히 알아보기 Square Backs the Lightning Network, a Bitcoin Scaling Solution: This week, the crypto-centric division of the fintech giant Square released its first product: the Lightning Development Kit (LDK). The LDK, the post indicates, will allow wallet developers to create \u201ccustom\u201d integrations of the Network in an \u201ceasy, safe, and configurable way\u201d through an API, demo apps, and other technical tools. Essentially, it allows Bitcoin software developers to more easily integrate the Lightning Network, a second-layer scaling solution that effectively migrates some transactions off the main chain to allow for lightning-fast, effectively free, and cross-chain transfers. Square Bags Key Patent for Crypto, Fiat Transactions:\u00a0Speaking of Square, the company just was awarded a crypto-related patent. This patent outlines a system that will allow fiat to be rapidly converted into \u201cnon-fiat\u201d instruments, with the document mentioning the word \u201cBitcoin\u201d and \u201ccryptocurrency\u201d (and Ethereum, too) on a number of occasions. The network and technology defined in the patent could theoretically enable seamless crypto-to-fiat and fiat-to-crypto transactions, potentially mitigating the volatility element in Bitcoin transactions that makes them unviable. Ripple CEO Announces Intent to Issue IPO&#8230; Eventually:\u00a0This week, Brad Garlinghouse, CEO of Ripple Labs, and many other of the world&#8217;s executives descended on Davos in Switzerland to talk finance. During a Wall Street Journal event, the leading Ripple executive said that he believes in the next 12 months, \u201cyou\u2019ll see initial public offerings in the crypto\/blockchain space.\u201d Garlinghouse, touching on the long-held sentiment that Ripple will eventually issue shares on the public market, said that \u201cWe\u2019re not going to be the first and we\u2019re not going to be the last, but I expect us to be on the leading side\u2026 it\u2019s a natural evolution for our company.\u201d In the same interview, he said he sees value in Bitcoin as a store of value, but not as a medium of exchange. \u201cIn the next 12 months, you\u2019ll see IPOs in the crypto\/blockchain space. We\u2019re not going to be the first and we\u2019re not going to be the last, but I expect us to be on the leading side\u2026 it\u2019s a natural evolution for our company.\u201d &#8211;@bgarlinghouse at #WEF20 &mdash; Asheesh Birla (@ashgoblue) January 23, 2020 Japanese Government Working On Digital Currency: Reuters reports that a parliamentary group comprised of 70 Liberal Democratic Party lawmakers is looking to issue a national digital currency. Facebook&#8217;s Crypto Project Libra Loses Vodafone:\u00a0Facebook&#8217;s Libra blockchain project just lost a partner in Vodafone,\u00a0a primarily British telecom provider. \u201cWe have said from the outset that Vodafone\u2019s desire is to make a genuine contribution to extending financial inclusion,\u201d a spokesperson said, seemingly trying to show that this move was not made in ill intent to the goals of financial inclusion. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":412295,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1020,19067],"class_list":["post-412293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-blockchain","tag-crypto-tidbits"],"acf":[],"yoast_head":"\n<title>Crypto Tidbits: Elon Musk Talks Bitcoin, Ripple IPO Coming, Facebook&#039;s Blockchain Loses Another Member<\/title>\n<meta name=\"description\" content=\"Another week, another round of\u00a0Crypto Tidbits. 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The past week hasn&#039;t been too good for Bitcoin, Ethereum, and their ilk, with the leading digital assets\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-25T23:30:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-25T23:09:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_434689843-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1706\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nick Chong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Chong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\"},\"headline\":\"Crypto Tidbits: Elon Musk Talks Bitcoin, Ripple IPO Coming, Facebook&#8217;s Blockchain Loses Another Member\",\"datePublished\":\"2020-01-25T23:30:15+00:00\",\"dateModified\":\"2020-01-25T23:09:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/\"},\"wordCount\":658,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_434689843-scaled.jpg?fit=2560%2C1706\",\"keywords\":[\"bitcoin\",\"blockchain\",\"Crypto Tidbits\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/\",\"url\":\"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/\",\"name\":\"Crypto Tidbits: Elon Musk Talks Bitcoin, Ripple IPO Coming, Facebook's Blockchain Loses Another Member\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_434689843-scaled.jpg?fit=2560%2C1706\",\"datePublished\":\"2020-01-25T23:30:15+00:00\",\"dateModified\":\"2020-01-25T23:09:00+00:00\",\"description\":\"Another week, another round of\u00a0Crypto Tidbits. 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