#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 what’s driving the cryptocurrency market .
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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
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