Five crypto relationships that are worth mentioning on Valentine's Day

4 min read

Today is Valentine's Day, and in honor of this most romantic holiday, Cointelegraph presents five of the most striking unions and the breakup of the crypto community of the past 12 months.

Kelly Lynn Loeffler and Bakkt

Kelly Lynn Loeffler separated from the crypto world in 2019, but can you blame her? Loeffler left Bitcoin futures exchange Bakkt, where she was CEO, for a place with a slightly larger wardrobe: the United States Senate.

Loeffler was named to replace the Republican senator of Georgia, Johnny Isakson, who retired for health reasons. She will reportedly help oversee the Commodity Futures Trading Commission (CFTC), a major financial regulator, of the Senate. This may create a conflict of interest because Loeffler is married to Jeffrey Sprecher, founder and CEO of Intercontinental Exchange (ICE), one of the largest US stock exchange operators regulated by the CFTC.

Anders Fogh Rasmussen and Concordium

In March, former NATO Secretary-General Anders Fogh Rasmussen joined the Swiss blockchain identity network Concordium as a strategic advisor. "We are only beginning to see the benefits that blockchain technology will bring to our societies, including in our democratic processes," Rasmussen said at the time.

One area of ​​attention was Concordium & # 39; s blockchain-based voting solution, which aims to vote faster, more reliably and more cost effectively. Rasmussen seems well suited for the task: he also served as Denmark's prime minister from 2001 to 2009.

He happened to be the 12th Secretary-General of NATO from August 2009 to September 2014.

Micree Ketuan Zhan and Bitmain

Bitcoin-mining giant Bitmain had to keep looking for a heart of gold in the past year after firing co-founder and main shareholder Micree Ketuan Zhan in October. It was supposedly done to save & # 39; the ship & # 39 ;.

This was just one of a series of events that the cryptocommunity & # 39; Bitmain Drama & # 39; calls. Zhan initiated legal proceedings against the company's shareholders in January in an attempt to restore his voice control over the company. The fired co-founder later told Bitman employees that he was "strongly opposed to layoffs." Bitmain is said to plan to reduce the workforce by 50% before the next Bitcoin (BTC) is halved.

Mark Carney and Libra

Business partnerships, such as romances, are doomed to have their rocky moments. Facebook's Libra project is no exception.

After Facebook announced a new digital currency project in June, Facebook lost a quarter of its largest partners before 2019 was out. Visa, Mastercard and PayPal each press the eject button.

Yet 21 members remained in Libra, including Uber, Lyft, Spotify, Vodafone and venture capital company Andreessen Horowitz. The project also has some strong supporters, including Mark Carney, Governor of the Bank of England, who recently stated that Libra "sheds light on shortcomings" in cross-border payments.

J. Christopher Giancarlo and Accenture

J. Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC) reportedly collaborated with consulting giant Accenture PLC in January to form a new think tank that promotes the idea of ​​digitizing the US dollar with blockchain technology.

As CFTC Chairman, Giancarlo was generally seen as a proponent of blockchain technology – he even earned the nickname & # 39; Crypto Dad & # 39; for his efforts. Other founders of the Digital Dollar Foundation are Daniel Gorfine, a former CFTC official, and the brother Charles of Giancarlo.

Giancarlo also joined the Board of Advisors of the Chamber of Digital Commerce, a trade organization for the blockchain and digital asset community, in September.

Valentine's Day is celebrated with flowers and sweets, but these reports from the past year remind us that business relationships, such as romances, are not all sweet and light.

They have their ups and downs, loves and rejections, all of which must be processed.

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Don Bradman

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