Top 8 Women Entrepreneurs In Cryptocurrency

Nowadays, cryptocurrency and the blockchain is on the minds of many entrepreneurs and investors across the globe.

Cryptocurrencies came into existence in the year 2009 with the creation of the blockchain as a secure decentralized distributed ledger to serve as the public transaction ledger of the world's first cryptocurrency Bitcoin, that was conceived and presented by a pseudonymous individual or organization called Satoshi Nakamoto.

The blockchain that enables the building of digital assets is a growing list of records, called blocks, which are linked using cryptographyEach block contains a cryptographic hash of the previous block, timestamp, and transaction data.

Cryptocurrency can be described as digital money that people can use as a medium of exchange without the restriction of borders or any central control.

This digital currency system is decentralized, yet highly secure as it uses the state of the art blockchain cryptography. The term decentralized implies that cryptocurrencies don’t rely on any centralized bank or monetary system to exist.

Furthermore, its digital nature enables users to buy things or to exchange it to and from anywhere across the globe without the worry of any kind of interruption from the banks.

The currency is operated and maintained by the network of users [cryptocurrency miners] instead of any central body.

The mining process is complex but it’s essential to understand that there is a limit to how much cryptocurrency can be created and there is currently no way to exceed that limit. Making it impossible to devalue cryptocurrency as it’s possible to do for paper dollars by banks or governments printing more paper currency.

There are 1500 plus different cryptocurrencies in the crypto market like Bitcoin, Ethereum and Litecoin which all have their own distinct properties and characteristics but they all follow some of the most basic cryptocurrency principle.

The bitcoin design has inspired a new significant global digital transformation layer, and opportunity for female entrepreneurs to develop applications, and blockchains which are readable by the public, and widely used by cryptocurrencies. Here is a list of the top women who are leading the cryptocurrency startup economy including Joyce Kim, Perianne Boring, Amber Baldet, Jinglan Wang, Jen Greyson, Fahima Anwar, Meltom Demirors, Raine Revere.

 

crypto women
Courtesy of: MrBTC.org MrBTC Bitcoin Guide

Facebook is planning to launch its own stablecoin digital currency

The United States-based global social tech giant would be the largest entrant to the consumer blockchain, and cryptocurrency space.

Facebook's blockchain boss, David Marcus. WSJD

Facebook could become the most important company in Crypto.

News broke yesterday that Facebook is building a stablecoin (crypto coin) that will be launched to allow WhatsApp users in India to transfer money. Of course, the immediate reaction of those in the space was to start yelling. Many people were excited, others were upset about the company’s recent privacy issues, and some felt that a Facebook stablecoin didn’t fit the authentic ethos of the crypto industry.

All of these reactions missed the mark though.

Zuckerberg and the Facebook team have never been interested in playing it safe. The highly talented team consistently looks to invent and/or grow products that change the world. If Facebook is building a stablecoin for WhatsApp, this is less about crypto and more about building a globally dominant product that changes the way billions of people live their lives.

David Marcus who leads the blockchain team is the former President of PayPal. Kevin Weil is the VP of Blockchain Product, previously served as the VP of Product at Instagram, and was once the SVP of Product at Twitter. Evan Cheng is the Director of Blockchain Engineering and was a former senior manager at Apple. And finally, Morgan Beller is the unsung hero of the group — the woman who leads blockchain strategy, but worked solo on the project for a period of time before she was able to build internal support and recruit some of the company’s best talent.

Couple these individuals with Facebook’s notorious "Growth Team" and you have a recipe for success. The Growth team is the company’s secret weapon. They are brought in like a SWAT team to solve the hardest problems by leveraging immense amounts of data and the proprietary analytical tools that have been built over the years. This team has helped four separate Facebook product teams scale their offerings to over a billion users each (Facebook main app, Messenger, Instagram, WhatsApp).

So what exactly is the potential for this team?

The holy grail would be to build the world’s dominant payment system. This would be a direct competitor to Visa and Mastercard, but it is more likely to happen than you may think. Facebook has billions of users and tens of millions of merchants. This gives the company a leg up on competitors as they bootstrap the network effects needed to lock in both sides of a marketplace.

If Facebook could successfully build the product and drive adoption, they will have a chance to transition from a social network to one of the largest financial services companies in the world. This move would allow them to take a small percentage on each transaction and reduce the dependency on their advertising-based model.

This won’t happen overnight though. Facebook needs to

(1) create a viable stablecoin (not that easy)

(2) launch the product in India’s large market (significant opposition from government and financial institutions)

(3) drive sustainable adoption,

(4) expand to other jurisdictions and other digital currencies, and then

(5) build out additional financial services to serve their customers.

It wouldn’t be surprising to see Facebook back their way into becoming a new-age bank for digital natives outside the United States.

Facebook could be the most important company in crypto. They have 2+ billion people who use their services daily. Anything they launch will quickly become the most popular product in the industry….maybe even one of the most popular products in the world.

Mark Zuckerberg has dedicated his life to changing the world. Most people in tech don't trust him and would love to see him fall. Many people no longer trust him ... and still, get your popcorn ready — I wouldn’t bet against this team (and in most cases, it boils down to the team)

TechCrunch Covered The Breaking News

Jon Russell For TechCrunch

Facebook looks to be jumping on the blockchain wagon with plans to introduce its own stablecoin, according to a report from Bloomberg.

The social network company — under fire for a seemingly constant stream of privacy snafus of late — created an internal blockchain divisionin May and, while there has been plenty of speculation, the exact nature of its work is unclear.

The Bloomberg report is a first solid suggestion at what will come from the new division and, according to the publication, it’ll be a stablecoin that “let[s] users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India.”

Facebook  offered a non-committal response.

“Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don’t have anything further to share,” it told Bloomberg in a statement.

If the U.S. giant does carry out the plan that Bloomberg is reporting it would (easily) be the largest company to embrace consumer blockchain service. That’s both in terms of the size of the business — a $376 billion market cap and annual revenue of more than $40 billion — and the user base it touches. Facebook reaches more than 2.2 billion people for its core social network, 1.5 billion for WhatsApp, 1.3 billion for Messenger and a further one billion via Instagram.

That makes this a thread worth pulling, so let us get into it.

Former PayPal CEO David Marcus heads up Facebook’s blockchain division — Marcus is also a former board member at crypto exchange Coinbase

Yet another stablecoin

Stablecoins have become all the rage in the blockchain space during the second half of this year, with scores of projects popping up to provide solutions — but let’s start with why.

The concept is simple: a cryptocurrency that is pegged to a fiat currency and therefore immune to the often wild valuation swings.

Blockchain as programmable and border-less money has potential, but stability is a huge concern. Bitcoin, for example, hit a record high of nearly $20,000 one year ago; today its price is just over $4,000 but, symbolically, it fell below that figure in recent months. The ride for “altcoins” has been even bumpier.

Stablecoins offer a way to deposit money ahead of buying into Bitcoin, Ethereum or other tokens more quickly than a bank account. They also allow profits to be moved from volatile tokens and, among other things, are a more stable way of sending crypto to another person (or business) without being subject to moving prices.

Yet, despite a simple premise, there are no current examples of a proven and successful stablecoin, despite the many who have thrown their hats into the ring.

Tether, the highest-profile project, is dogged by concerns around its financial backing. The organization behind it has never shown that it has the required fiat currency to back the tokens in the market, while its value has previously slipped below $1.....

READ MORE

 


Coinbase Cryptocurrency Exchange Adds Cash Withdrawals to PayPal

Big news for the digital currency economy with Paypal payments integrating with CoinBase. Growing the bridge between cryptocurrency and digital payments for consumers.

Major US Crypto Exchange Coinbase Adds Cash Withdrawals to PayPal

Major American cryptocurrency exchange Coinbase has introduced free of charge cash withdrawals to online payment system PayPal, according to an announcement published Dec. 14.

From now on, Coinbase’s United States-based customers are able to withdraw their cash balances to Paypal. The service for other countries will reportedly be rolled out some time in 2019.

Coinbase and PayPal previously integrated in 2016, when Coinbase added support for the payment platform in addition to major credit cards. At the time, Coinbase users were able to sell Bitcoin (BTC) and have their fiat funds deposited to a PayPal wallet. The integration was subsequently terminated due to technical difficulties.

With this move, Coinbase has enhanced its range of services,...


Why billionaire investors remain positive on long-term trend of cryptocurrency

jim breyer bitcoin crypto blockchain
Advertisement

Mike Novogratz, Jim Breyer, and Tim Draper are some of many billionaire investors in the traditional financial market who remain optimistic towards the long-term trend of digital currencies.

How are these investors able to maintain their positive stance in regards to the growth of the cryptocurrency sector following an 85 percent decline in valuation across the board?

It’s About Cycles

For the most part, high profile individual investors are able to handle severe losses in emerging asset classes and high-risk assets like cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) because they account for a small part of their wealth and portfolios.

As is the same in real estate and other traditional markets, wealthy investors have the ability to hold onto assets and properties even during the event of an unexpected market crash or the occurrence of a bear market.

Funding in as Little as 24 Hours.
Rates as Low as 6.5%
Ad
We've Arranged Over $2 Billion in
Small Business Loans and Financings
Biz2Credit
Learn more

But, normal retail investors and individual traders who need quick cash to cover day-to-day operations and expenses have no other option but to sell most of the high-risk assets they hold in their portfolios.

bitcoin price
Source: TradingView

In bear markets, retail traders often suffer a significant loss because they are unable to handle an...


Napston digital currency launches fully automated cryptocurrency exchange

Napston to introduce fully automated crypto exchange

Tech

The Napston cryptocurrency exchange has the potential to turn the industry upside down, if it’s able to produce the results the company expects. The exchange is a fully automated platform that uses a proprietary technology, the “Distributed Artificial Neural Networks (DANN),” to make accurate market predictions. Company officials assert that the platform pools data from “thousands” of independent sources and makes trading possible for even the most inexperienced investor.

According to a press release by the company, “Napston entered the cryptocurrency space in 2013, long before it became mainstream. Over the last five years, the company has been through all the uncertainties and fluctuations of this evolving market. During this phase, Napston was serving only the larger corporate and high net worth individual customers, helping them properly structure and trade their cryptocurrency portfolios. They have spent a high percentage of profits to build the proprietary Distributed Artificial...


Wall Street institutions are entering the digital currency markets

Digital Currency

People know that financial institutions think of cryptocurrencies as arch enemies. But with the increase of opinions from financial advisors that the world is on the brink of another financial collapse because of inflation, maybe digital currency are the solution to some of the problems. Although not perfect, digital currency are still developing and will have a far bigger impact that most people give them. So it wouldn’t come as a surprise when financial institutions end up adopting the technology they are so actievly against. For investors, adapting to circumstances has always been the correct way. Different people use cryptocurrencies for different reasons: some want to get rich quick, others want independent control over their financial assets and some idealists desire an entirely new and efficient global economy built on blockchain technology and digital currency.

Whatever a person’s reasons for using crypto and blockchain are, there will always be a huge cultural clash when cryptocurrency holders and Wall Street ideals meet. A huge influx of institutional money would be extremely beneficial for cryptocurreny prices in the short term, but in the long term this will cause extreme volatility. Recently the sixth-biggest fund manager in the world, Fidelity started to offer digital trading services and it shook the landscape even more. The announcement of this project was aimed at the trading demands of large institutional investors. These demands will in turn provide services like “institutional-grade custody”, large scale leverage trading and more, all of which should pump cryptocurrency prices, but will basically just bring more whales to the digital currency free market.

Institutional money will spike Digital Currency prices

People who believe or want to be financially independent from banks will not like this. In fact, most supporters and users of Bitcoin stand firmly behind Bitcoin’s philosophy that you can be your own bank. Developers and investors with insight however, knew that this day would eventually come. Risk management will see those institutions passing off the risk of holding the said assets to...


Financial institutions including Morgan Stanley and Citibank are creating digital currency investment products

So far, this year has been marked by bad news for institutional investors interested in pursuing cryptocurrencies.

One of the most lauded and most highly anticipated crypto investment instruments, the crypto Exchange Traded Fund (ETF), has faced steady regulatory headwinds as the SEC continually rejects attempts to bring ETFs to market.

Since many crypto enthusiasts see institutional investment as the next frontier for crypto adoption, these setbacks are frustrating. However, that doesn’t mean that all opportunities for institutional investors are impossible.

In that regard, it’s been a big week for Bitcoin as a series of leaks reveal that major financial institutions, including Morgan Stanley and Citibank, are creating or developing investment products intended to provide their substantial customer base with access to digital assets.

Morgan Stanley is preparing a crypto product

This week, Bloomberg reported that Morgan Stanley is preparing an investment product that will provide their customers access to Bitcoin derivatives. Citing an anonymous source, Bloomberg contends that Morgan Stanley will provide customers with “synthetic exposure” to Bitcoin markets by enabling investors to take long or short positions on the digital currency.

In this way, Morgan Stanley is joining several other mainstream financial institutions striving to produce mechanisms for their clients to trade in Bitcoin without providing direct access to digital currencies. Bloomberg’s source notes that Morgan Stanley will charge spread fees to accommodate the inherent risks in brokering Bitcoin products.

Although...


Central Bank of Japan says issued digital currencies are not effective economic tools

Bank of Japan: Central Bank-Issued Digital Currencies Are Not an Effective Economic Tool

The Bank of Japan’s (BOJ) deputy governor Masayoshi Amamiya has recently reiterated his negative stance towards central bank-issued digital currencies (CBDC), the New York Times reports Oct. 20.

Speaking on Saturday at a meeting in Nagoya, central Japan, Amamiya expressed doubts about the use of CBDCs, claiming that such digital currencies are unlikely to improve the existing monetary systems. Amamiya also stated that the BOJ does not plan to issue digital currencies.

The article reports that some financial experts consider a CBDC as a tool for central banks to control the economy once interest rates fall to zero. According to this theory, a CBDC would enable central banks to stimulate the economy by charging more interest on deposits from individuals and firms, which would in turn induce them to spend more money.

Amamiya has questioned that theory, claiming that charging interest on central banks-issued currencies...


Norway's Central Bank Mulls Digital Currency as Cash Use Declines

Norway's central bank is preparing for a future in which it might issue a digital currency amid a slump in cash usage in the country.

Looking into the possibility, a working group at Norges Bank has released a report titled "Central Bank Digital Currencies," which explains that, as citizens turn away from physical forms of money, the bank must consider "a number of new attributes that are important for ensuring an efficient and robust payment system."

Already, the country's DNB bank has stopped handling cash, with Trond Bentestuen, group executive vice president of wealth management and insurance at the bank, telling local media as far back as 2016, that only 6 percent of Norwegians use cash on a daily basis.

Further, Jon Nicolaisen, deputy governor of Norges Bank, stated in a speech last April that the role of cash "continues to diminish" as consumers move towards electronic payments, adding that "For many consumers, electronic central bank money could provide an...