Digital assets have been growing in popularity this year, especially after the bulls returned to the market.
More people have entered the crypto space despite the high volatility of the market.
But not everyone seems willing to hop into the crypto wagon these days.
Apple CEO doesn't support crypto
While a lot of important names such as Facebook as more are making their big entrance ion the world of crypto, Apple CEO Tim Cook just delivered a really clear message to Silicon Valley and his colleagues who are trying to get in the crypto business.
He tells everyone to get out.
During a new interview with the French media outlet Les Echos, Cook said that companies have no business trying to create cryptos and affirmed that Apple which is the world’s largest tech firm does not plan to follow the footsteps of Facebook.
Cook said the following:
“No. I really think that a currency should stay in the hands of countries. I’m not comfortable with the idea of a private group setting up a competing currency.”
Speaking of Facebook, Zuckerberg just revealed his thoughts on the project Libra.
The founder and CEO of Facebook said that the giant company is planning to take a consultative approach to develop the controversial Libra.
The Daily Hodl cited reports from The Verge and revealed that some text and audio from the internal Facebook meetings which are depicting Zuckerberg’s answers to a bunch of tough questions coming from employees about the company’s future and various controversies.
Cook said companies should not try and gain power like this
Anyway, Cook added the following:
“A private company shouldn’t be looking to gain power this way. Currency, like defense, needs to stay in the hands of countries, that’s the heart of their mission.”
He continued and explained that “We elect our representatives to assume their governmental responsibilities. Companies aren’t elected and should not be going in this direction.”
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018