Crypto VC Giant Calls Mass Exodus From Gold to Bitcoin, Plus Ripple and XRP, Ethereum, Stellar, Tron, IOTA: Crypto News Alert

From a potential flippening from gold to Bitcoin, to a new push to support Ethereum-based tokens, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

The CEO of crypto venture capital firm Digital Currency Group (DCG) says despite the bear market, he’s as bullish on Bitcoin as he’s ever been. Barry Silbert told CNBC he believes Bitcoin has already proved it will win the race against gold.

“I’m convinced that whatever money is in gold is not going to stay in gold. That gets handed down to Millennials – I’m highly confident a lot of that will go into Bitcoin.”

Silbert also says the infrastructure for institutional investors to jump in has finally materialized.

“The infrastructure for that to happen safely is finally in place. Fidelity’s custody solution and other investment opportunities like a futures market from the Intercontinental Exchange, parent company of the New York Stock Exchange, are all set to go live early this year. 

There are certainly institutional investors that have put money to work, and many more are considering it. Until now, they wanted to make sure they’re not catching a falling knife.”

DCG owns and operates Genesis Trading and Grayscale Investments, the largest digital currency asset management firm.

Ethereum

The Enterprise Ethereum Alliance (EEA) says it will create a task force dedicated to creating a set of standards that companies can use when creating tokens.

“We are creating a token task force – we will do that first half of this year,” EEA executive director Ron Resnick told CoinDesk. “It’s going to be focused on support for fungible ERC20 and non-fungible, ERC721 tokens.”

EEA is also looking for a product marketing manager in Wakefield, Massachusetts or to work remotely, and in China, Dr. Weijia Zhang will lead their new regional office.

Ripple and XRP 

The global heads of banking at both Ripple and Swift will go head-to-head today at the 1TC Conference in Rust, Germany.

Ripple’s Marjan Delatinne and Swift’s Wim Raymaekers will join a panel on how emerging technology will impact the banking sector.

Stellar

Stellar’s director of partnerships Lisa Nestor will kick off the next Stellar cluster meetup in New York. The event is set for March 4th at the AWS Loft in SoHo.

Tron and BitTorrent Token

Binance is adding a trio of new stablecoin trading pairs for Tron’s BitTorrent Token (BTT). The coin will be paired with Paxos, TrueUSD and USD Coin on Friday.

IOTA

The team at IOTA says it will revamp its efforts to stress test the network, starting in March.

“Stress tests on the Mainnet should be a norm. We will organize and perform stress tests on a regular basis and after releases that are targeted at improving node throughput.

The purpose of this is to evaluate the progress we make and to make ourselves more accountable to the community. After each test, we will focus on improvements and analyzing the results and the data it yields. What happens in between the tests with regards to spam is of course up to anyone — we expect community stress tests to be run as the community sees fit.”

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