WordPress’ Parent Company Raises $300 Million from Salesforce to Hit $3 Billion Valuation

Coinspeaker WordPress’ Parent Company Raises $300 Million from Salesforce to Hit $3 Billion ValuationAutomattic, the parent company of the World’s most popular content management system WordPress recently raised $300 Million in financing from a single investor known for its deep interest in innovative internet technologies. Its valuation is already estimated at $3 Billion. Not bad for a company that isn’t known for raising money in venture capital regularly.Known Venture Capital firm Salesforce Ventures committed the series D funding of the parent company of the web’s most popular cross-platform website builder. WordPress is known to power about 34% of websites currently in existence and is completely open-source.Based on a freemium model, where all the basic components are offered for free with premium options for a token, Automattic’s WordPress has become the darling of the world wide web and does pretty much everything that is needed for typical websites to function.Automattic Is All About ContentAutomattic’s core mission is to help content developers syndicate their content on different platforms and formats. This goes without saying that everything the company has done so far is to create a rich web filled with unique content that is designed for engagement.WordPress comes with everything out of the box and this works for just about any kind of website being built or developed. From Automattic’s acquisition of Woocommerce for $30 Million which is the premier shopping cart plugin to the Jetpack security plugin, it is obvious that the company intends to build the infrastructure that the whole web functions on.Automattic also has some other platforms in its portfolio which are content-driven but in different formats. From Longreads which is a long-form content development platform to Simplenote which is a note-taking platform to Glottpress which is an easy to use translation tool and survey tool Crowdsignal, Automattic has always pushed the bar beyond the normal and is set to make sure that content will remain the king of the hill.Automattic’s CEO Dreams BigIn a recent interview, CEO and Co-founder of the internet company, Matt Mullenweg had quite a few things to say:“I think there’s potential to get to a similar market share as Android, which I believe now has 85% of all handsets. When you think about it, open source has a virtuous cycle of adoption, people building on the platform and more adoption.”This is already indicative of the organization’s commitment to getting and keeping the market share. Already, it seems that the freemium, open-source model which Automattic has adopted will shape the course of things for many globally.Not resting on its oars, the internet company earlier this year embarked on a project to develop a Blockchain-powered News sharing platform which generates its revenue called Newspack. Partners such as Google and Consensys are also involved with the development.WordPress’ Parent Company Raises $300 Million from Salesforce to Hit $3 Billion Valuation

Bitcoin Price Back Above $10k, Targets New ATH Amid Bakkt Monday Launch

Coinspeaker Bitcoin Price Back Above $10k, Targets New ATH Amid Bakkt Monday LaunchCrypto enthusiasts are almost always in a perpetual waiting state, in the hope that the market will pick up and keep on rallying, even when data is already bullish. In the past, there have been several factors named as important to Bitcoin price surge or pullback depending on the specific period. Today, the most anticipated event in the cryptosphere, which is also a major factor in the possible chance of a Bitcoin rally, is the launch of Bakkt.The Bakkt launch is only a few days away and with the promise of breathing life into the industry, Bitcoin seems to already be rising, in preparation for its guest. The king coin recently lost about $500 in a sudden turn of events but has quickly regained its balance, shooting up past $10,200 earlier today.So far, $9,637 is set as a new 7-day bottom, with $9,800 has a reasonable support level. However, a major resistant level is set around the $10,400 level and if Bitcoin could manage to cross that mark, there’s a very strong chance $10,500-$10,800 wouldn’t be far away. Even though it’s resumed sideways trading again, many believe that there’s a great chance the recent surge is borne out of sentiments gearing up for the Bakkt launch.Initially announced in August last year, Bakkt is operated by the Intercontinental Exchange (ICE) and is a firm that seeks to provide daily and monthly physically-settled Bitcoin futures, the first of its kind. It recently received regulatory approval and since then, a lot of weight has been placed on its shoulders as a sort of Bitcoin messiah.This is because it is generally believed that institutional investors who have not been very excited about making a play at the Crypto industry, will be a bit more assured of the endeavors now that there is a fully regulated platform they can use.Earlier this month, it was reported that $1 billion worth of Bitcoin was moved into a wallet, making it the fifth-largest Bitcoin wallet, globally. This move happened on the same day Bakkt announced that its Warehouse was open to accept deposits and even though the company has not stated that they are behind the transfer, it has been speculated that Bakkt did it, in preparation for its launch.The company has also announced that its Warehouse has an insurance cover worth $125 million. Based on these moves, it would not be far-fetched to assume that Bakkt is properly getting ready for its launch, with the hopes that there will be significant participation from interested entities.Popular Bitcoin bull and co-founder of Fundstrat Global Advisors, Tom Lee, is also anticipating the Bakkt launch, with the hope that it will bring good tidings to the sector.I am very positive on @Bakkt and it’s ability to improve trust with institutions to crypto https://t.co/7icnJp76GE— Thomas Lee (@fundstrat) September 20, 2019Bakkt goes live on Monday the 23rd of September and many analysts have also opined that Bakkt is the single most likely factor to push Bitcoin up to its previous all-time high. Can Bitcoin hit $20k before 2019 is over?Bitcoin Price Back Above $10k, Targets New ATH Amid Bakkt Monday Launch

U.S. Congress to Discuss Cryptocurrency With SEC Right After Bakkt is Launched

Coinspeaker U.S. Congress to Discuss Cryptocurrency With SEC Right After Bakkt is LaunchedOn Sept. 19, the Committee on Financial Services came to an agreement that the topic, “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat,” would be the topic of discussion and Sept. 24 was chosen as the D-day, which is, just for a reminder, the day after Bakkt launch.This hearing will consist of the chairman of the SEC, Jay Clayton, Commissioner Hester Pierce, who is also known as Crypto Mom, and three other commissioners.Will Libra Make It Into the List of Securities?Since cryptocurrency has always been a source of concern to the Committee on Financial Services, it is not a surprise that it is a priority in the forthcoming meeting. The Committee has always stressed the fact that the federal securities laws apply to all securities, which includes investment contracts, bonds and stocks, be they digital or not.The hearing will cover topics like Exchange-Traded Funds (ETFs), the launch of Facebook’s stablecoin, Libra, slated for 2020 and if digital assets can qualify as securities or not. On the issue of Libra, the document intimated that:“The Libra Investment Token could amount to a security since it is intended to be sold to investors to fund startup costs and would provide them with dividends. The Libra token itself may also be a security, but Facebook does not intend to pay dividends, and it is unclear if investors would have a “reasonable expectation of profits.”The Founder and CEO of Facebook, Mark Zuckerberg, has been making strategic moves in Washington DC to ensure the success of his stablecoin, Libra. As the eyes of the world are on the planned Libra stablecoin, not a lot of people are comfortable with what it would represent.Zuckerberg has held meetings with some lawmakers, one of them being senator Josh Hawley, which saw him being grilled over Facebook’s forthcoming project, Libra.Count Down to the Launch of BakktIn only a few days from now, precisely on Sept. 23, Bakkt will be launched, and it is yet to be determined how this will impact Bitcoin. The launch of the Bakkt platform will enable users to deposit physically-settled futures contracts. This service will first commence in the US.After many months of regulatory blockade, Bakkt was finally approved a month ago, the news reflected on its price with a 10% increase, shooting it up to over $400. At the moment, popular opinions have it that the coming of Bakkt is what Bitcoin needs to return to its days of glory and reclaim its top position as King of the crypto economy.U.S. Congress to Discuss Cryptocurrency With SEC Right After Bakkt is Launched

Ripple Moves Court to Dismiss XRP’s Securities Lawsuit, But Fails to Answer Questions

Coinspeaker Ripple Moves Court to Dismiss XRP’s Securities Lawsuit, But Fails to Answer QuestionsSan Francisco-based blockchain startup has been having a tough time this year with several investors complaining over the nature of XRP being a ‘security’. Recently, Ripple has moved to the court to dismiss the claims that it has violated any U.S. Securities laws.In its motion to dismiss, Ripple claims that Bradley Sostack, the plaintiff, doesn’t have any standing to register a complaint and claim that XRP is a ‘security‘. Further explaining, Ripple stated that the plaintiff failed to file any case within three years of XRP launch i.e. 2013.On the other hand, Ripple says that plaintiff fails to prove that he purchased XRP during the ICO. Furthermore, the plaintiff also did not allege that any defendants have sold him any XRP tokens. “The necessary inference is that he bought and sold XRP through a secondary trading exchange,” Ripple filing states.Thus, Ripple stressed on the fact that XRP is not a security because it isn’t an “investment contract“. The filing by Ripple states:“Purchasing XRP is not an ‘investment’ in Ripple; there is no common enterprise between Ripple and XRP purchasers; there was no promise that Ripple would help generate profits for XRP holders; and the XRP Ledger is decentralized.”XRP Is a Currency, Not SecurityRipple also draws an important fact into the picture. It states that the federal Departments of Treasury and Justice publicly concluded that XRP is a ‘convertible virtual currency’”. Thus, Ripple says that so XRP doesn’t fall under the securities law. The filing notes:“This is consistent with the CFTC’s position that virtual currency is a commodity. Nonetheless, Plaintiff alleges that XRP is a ‘security’ under federal and state law, … and that Defendants have offered and sold XRP despite its non-registration with securities authorities.”However, there are new suspicions already making rounds against Ripple’s lawyers for dismissing the motion, saying that Ripple has yet not addressed the securities aspect of XRP at all. A section reads:“Because of the multiple, independent grounds for dismissing this action, the Court need not resolve whether XRP is a security or currency for purposes of this Motion, which assumes Plaintiff’s allegation that XRP is a security.”On the other hand, Ripple has been recently facing the dissent of its investors on its practice of dumping XRP tokens in the market. Investors said that Ripple’s practice is hurting the price of XRP which has failed to give any returns to investors despite the crypto market rise of 2019. Recently, Ripple Lab’s wallet sent 100 million XRP tokens worth $26 million at the market rate to the company’s co-founder Jed McCaleb.At the time of writing, XRP is 0,39% up making $0,292 per coin, the market cap sits at $12,6B level. Ripple Moves Court to Dismiss XRP’s Securities Lawsuit, But Fails to Answer Questions

Former Overstock CEO Patrick Byrne Just Sold All His Equity Holdings to Buy Crypto and Gold

Coinspeaker Former Overstock CEO Patrick Byrne Just Sold All His Equity Holdings to Buy Crypto and GoldPatrick Byrne shared the letter on his personal website. Within the letter he reveals that he had dumped all his Overstock equity holdings over the past week and blames the deep state and the government for this action:“The riff-raff will tell you that my departure and sale were from a lack of confidence in what I left behind in Peace Coliseum: they are wrong, and I would like to tell you all the actual reasons before the yuck-yucks spin the truth.”Patrick Byrne resigned from the role of CEO in August, just 10 days after he made comments about the “deep state” and admitted his involvement with a convicted Russian agent Maria Butina. He claimed that the “deep state” would want to punish him by going after Overstock trying to damage the company in order to get to him. That is one of the main reasons why he resigned and dumped everything he had. He sold his equity for about $90 million. He wrote:“You think me controversial now, but you ain’t seen nothing yet. I know enough to fry the Deep State to ashes. The Deep State and the oligarchy are entwined, and they won’t die quietly.If I had stayed at Overstock or even remained a large owner of OSTK, they would try to break Overstock as a way of crippling me.”Moreover, Byrne said that he wants to shift his investments to different assets like precious metals and cryptocurrencies. He believes that these assets would do particularly well in a possible economic crisis:“The gold and silver are stored outside of the United States, in Switzerland, and within two weeks, will be scattered in other locations that are even more outside of the reach of the Deep State, but are places that are safe for me.The crypto is stored in the place where all crypto is stored: in mathematical mist, behind long keys held only in the memory of someone who is quite good at storing such things in memory (with paper backups in the hands of a priest I met 35 years ago who never sits foot in the West).”Previously Byrne has also shared his encounters with the “Men in Black” and this letter sounds like on the verge of insanity and sanity. But despite all that, Patrick has been a long and big promoter of crypto and blockchain. Because of this, Overstock is planning to offer a special dividend that would give special securities to existing shareholders. These dividends could be tradable on a blockchain-based trading platform which would be affiliated with Overstock. At the time of writing, OSTK stock is at $15.57, decreasing 3.83% from its previous close of $16.19.Former Overstock CEO Patrick Byrne Just Sold All His Equity Holdings to Buy Crypto and Gold

China’s Digital Currency Research Institute Exec Says Facebook’s Libra Can’t Be Stopped

Coinspeaker China’s Digital Currency Research Institute Exec Says Facebook’s Libra Can’t Be StoppedChangchuan Mu within the educational lectures touches a range of cryptocurrency questions starting from the recently announced People’s Bank of China (PBoC) digital currency to the vast expansion of Facebook‘s Libra. Also, he compared Libra to the PBoC digital currency, stating that the Chinese new currency is even better than Libra in several aspects. Mu believes that at this point, Libra already might be unstoppable and that it is “highly unlikely” that someone can stop people from buying the new currency. Even despite its rigorous regulations.He explained that central banks actually can only ask all their payment institutions and commercial banks not to process transactions that are related to Libra. However, once something is being restricted is almost always creates an underground market for the restricted thing.Mu cited the China’s underground Bitcoin trading when China banned it some time ago. The underground Bitcoin traders use VPN’s to buy BTC from foreign exchanges and Changchuan Mu believes that it will be the same if Libra gets banned.However, Mu says that there still is one particular scenario where Libra could be stopped:“If the U.S. bans Libra legally, then Libra will certainly be stopped.”Monetary Sovereignty Is at RiskThis is one of the most loudest arguments against Libra completely forgetting the fact that it would be backed by these local monetary tools. Mu also says that monetary sovereignty is at risk because Facebook’s Libra could be the main destructor. Mu’s argument was that every country’s monetary policy which allows central banks to control the supply and demand of its local currency by adjusting interest rates is crucial for the country:“If we allow Libra come to the market, we would open the underground economic channels.It will be hard for China to manage foreign currencies and the $50,000 capital outflow cap would be less effective.”Additionally, he mentioned Thailand and Vietnam which would lose control over their interest rate and monetary policies because of Libra mainly by the fact that their local currencies are very weak.Moreover, he also compared the PBoC digital currency to Libra saying that it can help governments fight money laundering, tax evasion, and the financing of terrorists. Funny how almost identical digital currencies are being compared and the banks’ one is better than the other. Also, he claimed that the digital yuan’s main idea is to remove cash and that it could be transferred even without mobile internet or internet as such by using NFC (near-fiel communication).As we reported earlier, People’s Bank of China (PBoC) is launching its own digital currency, even after a recent ban it imposed on all ICOs and cryptocurrency exchanges in China.“What the central bank have in mind is a centralised digital currency among all. As money has evolved from the barter system to its metallic and paper forms, it is now going digital,” commented Yao Qian, the central bank’s lead researcher. China’s Digital Currency Research Institute Exec Says Facebook’s Libra Can’t Be Stopped

University of Indonesia on Public Attention: BitCherry Helps Indonesia’s Blockchain Education Overtaking

Coinspeaker University of Indonesia on Public Attention: BitCherry Helps Indonesia’s Blockchain Education OvertakingOn September 20, 2019, the six-city tour in Indonesia was successfully concluded, and its sponsor BitCherry, a distributed network public chain project, was invited to participate in the roadshow.In this roadshow, the world’s great Blockchain projects brought their own unique technologies and applications to six universities: Brawijaya Malang, Teknologi Surabaya, Gadjah Mada Jogja, Telkom Bandung, Teknologi Bandung, and Atma Jaya Jakarta.Through exhibitions, lectures, seminars and other methods, they popularized the basic knowledge of Blockchain, and advertised the concept and methods of Blockchain technology applied to traditional business.Getting Closed to the Public Attention of Indonesia’s EducationAlthough the Indonesian government has made it a constitutionally mandatory that 20% of the budget for education and has spent more than 400 trillion rupiah on education in 2017, there is still a huge talent shortage in the country. Recently, college graduates only account for 7.2 percent of Indonesia’s working force, a very low level compared with 20.3 percent of Malaysia’s, its neighbor country.Especially in the field of engineering talents, Indonesia has only 2,671 engineers per 1 million working force, compared with 9,037 in Vietnam, which is also a developing country. In order to change this situation as soon as possible, Indonesia, in addition to providing policy support, also plans to increase university courses related to country’s economic development within a few years.In the future, number of Indonesia’s professional skilled personnel will grow much faster than other Southeast Asian countries, making Indonesia’s education industry may become a public attention constantly in the next few years.Indonesian education has gone through a long period of exploration, but the previous application of the “quantitative change and qualitative change rule” has not been successful in education.As a result, Indonesian education has begun to focus on “leading the internal qualitative change and quantitative change at the same time by qualitative changes of external resources.” In this context, entry of an excellent Blockchain project, like BitCherry, to Indonesian universities has special significance.It not only helps the cultivation of Blockchain engineering talents in Indonesia, but also enables BitCherry to rely on Indonesia’s education focus to promote the development of distributed technology in Indonesia, indirectly or directly helping a faster and better transformation of Indonesia’s economy.Helping Indonesia’s Economy Growth to Achieve a Corner OvertakingAt the event site, questions like “What is BitCherry distributed network consensus mechanism?”, “What are platform applications?” and “Plans for the future” aroused great interest of the students. When the limited communication time cannot meet the students’ thirst for knowledge, they even asked “When will BitCherry create its own community in Indonesia?”It was no accident that the enthusiasm of Indonesian university students was high, it came from the fact that BitCherry can bring Indonesian commercial a different opportunity with the use of distributed technology. The centralized business born in the Internet age concentrates flows, customers and profits on itself, and enjoy the accumulated flows and the their benefits, raising the barriers to entry of other businesses, and forming a monopoly situation.Series of problems will also derived from a centralized business model: information asymmetry between merchants and consumers, discrepancy between goods and images, etc. The problems have caused the loss of consumer rights and caused a credit crisis. In the ecology of BitCherry distributed network platform, each individual will share the flow of ecological resources, greatly reducing the cost, and the commercial efficiency has been greatly improved.Students in Indonesian university will be able to gain significant benefits for future work by accessing the distributed network through BitCherry at university. Indonesia’s central bank estimates that online transactions will reach $130 billion in total by 2020, while Indonesia’s reliance on social media platforms, high logistics costs and low consumer ATV in Indonesia have collectively left enough space for distributed businesses.From the perspective of the whole world, it has become an irreversible trend to get rid of the decentralized commercial bundle. BitCherry and other projects have received extensive attention from local Blockchain enthusiasts in Indonesia at the event. The ripple in the Indonesian market caused by distributed technology this time is nothing but the beginning of an imminent rise of distributed business. And development prospect of distributed business are worth great expectation.University of Indonesia on Public Attention: BitCherry Helps Indonesia’s Blockchain Education Overtaking

Bitcoin Will Not Be Listed On Major Exchanges Without Better Regulation, Says SEC Chairman

Coinspeaker Bitcoin Will Not Be Listed On Major Exchanges Without Better Regulation, Says SEC ChairmanGenerally, the fact that the United States Securities and Exchange Commission (SEC) is not very supportive of the cryptocurrency industry is no longer news. The SEC has many times before, spoken out against cryptocurrencies because of their volatility and unregulated nature.Even efforts to launch Bitcoin Exchange-Traded Funds (ETF), have been largely unsuccessful as a few days ago, the Chicago Board Options Exchange (CBOE) withdrew its application to float the VanEck/SolidX Bitcoin ETF, just weeks before the SEC was to give a final ruling which many people believe would have been denied. Now the commission has said that it will take quite some time and much stricter regulations before Bitcoin or any other cryptocurrencies will be available for trading on a major exchange.Speaking at CNBC’s Delivering Alpha Conference, the commission’s chairman, Jay Clayton, suggested that not only will it take a while for regulations to come to Bitcoin before more mainstream trading, he also said that all investors who have their eyes on the cryptocurrency sector should be very circumspect until that happens, suggesting that the traditional and crypto sectors are considerably different.“If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange…they are sorely mistaken. We have to get to a place where we can be confident that trading is better regulated.”Regulators not just in the U.S. but in other countries as well are mostly unwilling to provide more support for the industry because of several reasons including the general tendency for prices to swing both abruptly and far-reaching as well. There’s also the fact that every day, more criminals see digital currencies as a neat way to either launder money or receive illegal payments that may not be easily traced like in the traditional financial system.Bitcoin really does have a long way to go in its journey towards mass adoption because even at the moment, the only thing that’s even remotely close to public/traditional market acceptance is the CME Group (CME) futures trading.Clayton’s recent comment seems to be in agreement with some he made days ago, during a different interview, about the difficulty of regulating cryptocurrency assets and protecting the market from negative factors. Clayton said:“Given that they trade on largely unregulated exchanges…how can we be sure that those prices aren’t subject to significant manipulation?”Regardless, Clayton remarked that “progress is being made.”Even though the VanEck/SolidX proposal has been withdrawn, there are still two other Bitcoin ETF proposals that the SEC is expected to approve or disapprove latest by next month. One was submitted by Wilshere Phoenix with the other from Bitwise Asset Management and at the moment, the entire crypto community waits with bated breath, in anticipation of the SEC’s final ruling, even though most still think it will end with a rejection.Bitcoin Will Not Be Listed On Major Exchanges Without Better Regulation, Says SEC Chairman

Coinbase Plans to Add Telegram and 16 Other Digital Assets on its Platform

Coinspeaker Coinbase Plans to Add Telegram and 16 Other Digital Assets on its PlatformIn the latest blog post announcement, Coinbase highlighted a possible addition of 17 new cryptos to its platform including Telegram. As part of the exploratory process, users may see public-facing APIs and other signs that the exchange is conducting engineering work to potentially support these assets.According to that post from the exchange, Coinbase plans to add Dfinity, Filecoin, Handshake, Avalanche, Celo, Chia, Coda, Nervos, Oasis, Orchid, Kadena, Mobilecoin, Near, Solana, Spacemesh, Polkadot, and Telegram.To date, Coinbase explores support for assets that are already live and available for trading on other venues. In this case, some of the coins like telegram are not yet live. Telegram only just unveiled its Telegram Open Network (TON) testnet explorer and node software on its website. Nevertheless, so far it has not distributed its network’s native token, GRAM, which will happen two months from now.Currently, the exchange announced its intention to explore assets that are yet to be launched and which it may decide to support in the future.Coinbase continues to evaluate prospective assets against its Digital Asset Framework to assess factors like security and compliance. They also aim to assess the project’s alignment with its mission of developing an open financial system for the world. Currently, Coinbase’s non-pro platform lists Zcash (ZEC), 0x (ZRX), Litecoin (LTC), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USD Coin (USDC), XRP, Stellar (XLM), Ethereum Classic (ETC), and the Basic Attention Token (BAT).Listing CriteriaEarlier in the week, cryptocurrency Dash was included in the Coinbase Pro listing after an investigative period. Coinbase revised its listing criteria around a year ago. In that revision, it said that listing announcements will appear more often. The 17 new cryptos follow up on 8 considerations from August.Even if the cryptos are added, the listings majorly depend on jurisdictional compliance and regulatory approvals. The decision by Coinbase to support Telegram and these other tokens need considerable technical and compliance review. Thus, Coinbase cannot currently guarantee whether or when any of these assets will appear in any jurisdiction.As per their listing process, the exchange will add new assets on a jurisdiction-by-jurisdiction basis.Coinbase Plans to Add Telegram and 16 Other Digital Assets on its Platform

Mike Novogratz Accepts His Mistake of Missing Out On Telegram’s TON Token Sale

Coinspeaker Mike Novogratz Accepts His Mistake of Missing Out On Telegram’s TON Token SaleWall Street veteran and founder of the Galaxy Digital crypto merchants bank, Mike Novogratz, recently accepted that he missed out on the token sale of Telegram‘s TON cryptocurrency.During a recent interview with The Block, Novogratz spoke how he missed the opportunity of investing in the Telegram Open Network (TON). Messaging giant Telegram has been work for over a year on its ambitious blockchain project which can see the light of the day anytime soon.In his interview, Novogratz said that Telegram tried to reach him out almost 15-20 times. However, Novogratz’s team at Galaxy Digital has some skepticism about the project and so he refused to invest, ever single time. Novogratz said:“They had called 15-20 times to try to get me. And I said no no, my guys hate it, and then I changed my mind. But I changed my mind about three weeks too late and he’s [Telegram’s founder Pavel Durov] like, dude, I can’t help you.”Novogratz Skeptical of New ProtocolsNovogratz further spoke about the newly launched cryptocurrency and blockchain protocols and expressed skepticism on them. According to Novogratz, the new protocols in the market don’t stand the test of time. Moreover, he gave the example of the Cosmos Protocol.Novogratz was an early investor in Cosmos. However, his team completely pulled-out investments after the holdings shot 50x. Mike Novogratz is known to hold assets for a long time if he sees good potential in them. But it seems that Novogratz holds skeptical views about the newly launched protocols.Explaining the reason behind it, he said that new protocol releases “have a really hard time lasting because they don’t have that same 20 cheerleaders that bitcoin does”. He also said that users and developers to these protocols don’t allude much to the ecosystem in order to make it robust.“You’ve got to get developers in the box,” Novogratz states. “Putting people in the box is hard.”Earlier this month, Telegram launched its test network portal – the TON testnet Explorer. As per TON Lans CTO Mitja Goroshevsky, “Source code for a full node that can access testnet, create and validate blocks has been released”. TON Labs is also said to be building numerous tools for developers in order to help them build on the new network.Mike Novogratz Accepts His Mistake of Missing Out On Telegram’s TON Token Sale