Here is a why I like MobileCoin and why I trust it more then other Cryptocurrency; To track this asset , MobileCoin MOB Price $13.88 Today.
I try to follow Cryptocurrency in two Parts 1.Technology and Utility 2. Regulatory.
Both of these are changing so fast Its hard to keep up.
Series A
MobileCoin Foundation, the entity behind MobileCoin, was first revealed in 2017. The coin is developed by Joshua Goldbard and Moxie Marlinspike, creator of encrypted messaging app Signal, and is intended to be an accessible form of cryptocurrency with a focus on fast transactions.
In May 2018, MobileCoin secured $29.7 million in a funding round led by Binance Labs, in exchange for 37.5 million tokens. It was officially launched on 7 December 2020.The foundation then raised $11.35 million in venture funding in March 2021.
Series B
MobileCoin closes on $66 million in equity in Series B round. with participation from Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, General Catalyst, Marc Benioff's TIME Ventures, and Vy Capital. MobileCoin is a fast, safe, and easy-to-use payment technology that gives everyone the ability to transact digitally from nearly anywhere in the world.
The round will be used to further develop MobileCoin's products, including MOBot, the first cryptocurrency chatbot payment system, the company's Merchant Services buildout, and the rollout of its initial stablecoin, whose value will stay constant with the US dollar. In addition, MobileCoin will continue to support its Signal deployment, as well as make it easier for additional mobile messaging and communications applications to add cryptocurrency payments between their users, as well as support further autonomous systems.
Encrypted chat app Signal is adding payments to the services it provides, a long-expected move and one the company is taking its time on. A U.K.-only beta program will allow users to trade the cryptocurrency MobileCoin quickly, easily, and most importantly, privately.
If you’re in the U.K., or have some way to appear to be, you’ll notice a new Signal Payments feature in the app when you update. All you need to do to use it is link a MobileCoin wallet after you buy some on the cryptocurrency exchange FTX, the only one that lists it right now.
Once you link up, you’ll be able to instantly send MOB to anyone else with a linked wallet, pretty much as easily as you’d send a chat. (No word on when the beta will expand to other countries or currencies.)
Regulatory
The country’s top securities cop is talking tougher on cryptos, especially stablecoins, “staking,” and lending services.
Democrats, meanwhile, appear keen on taxing cryptos more like stocks—subjecting them to “wash sale” rules, according to a blueprint of the $3.5 trillion reconciliation bill in the House.
Gary Gensler, chair of the Securities and Exchange Commission, issued an expansive view of regulating the crypto market in a Senate hearing on Tuesday. Asked by Sen. Patrick Toomey (R-Penn.) if stablecoins qualify as securities, he said “they may well be securities.” Stablecoin is a type of crypto that is normally pegged to the dollar or another currency.
I try to follow Cryptocurrency in two Parts 1.Technology and Utility 2. Regulatory.
Both of these are changing so fast Its hard to keep up.
Series A
MobileCoin Foundation, the entity behind MobileCoin, was first revealed in 2017. The coin is developed by Joshua Goldbard and Moxie Marlinspike, creator of encrypted messaging app Signal, and is intended to be an accessible form of cryptocurrency with a focus on fast transactions.
In May 2018, MobileCoin secured $29.7 million in a funding round led by Binance Labs, in exchange for 37.5 million tokens. It was officially launched on 7 December 2020.The foundation then raised $11.35 million in venture funding in March 2021.
Series B
MobileCoin closes on $66 million in equity in Series B round. with participation from Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, General Catalyst, Marc Benioff's TIME Ventures, and Vy Capital. MobileCoin is a fast, safe, and easy-to-use payment technology that gives everyone the ability to transact digitally from nearly anywhere in the world.
The round will be used to further develop MobileCoin's products, including MOBot, the first cryptocurrency chatbot payment system, the company's Merchant Services buildout, and the rollout of its initial stablecoin, whose value will stay constant with the US dollar. In addition, MobileCoin will continue to support its Signal deployment, as well as make it easier for additional mobile messaging and communications applications to add cryptocurrency payments between their users, as well as support further autonomous systems.
Encrypted chat app Signal is adding payments to the services it provides, a long-expected move and one the company is taking its time on. A U.K.-only beta program will allow users to trade the cryptocurrency MobileCoin quickly, easily, and most importantly, privately.
If you’re in the U.K., or have some way to appear to be, you’ll notice a new Signal Payments feature in the app when you update. All you need to do to use it is link a MobileCoin wallet after you buy some on the cryptocurrency exchange FTX, the only one that lists it right now.
Once you link up, you’ll be able to instantly send MOB to anyone else with a linked wallet, pretty much as easily as you’d send a chat. (No word on when the beta will expand to other countries or currencies.)
Regulatory
The country’s top securities cop is talking tougher on cryptos, especially stablecoins, “staking,” and lending services.
Democrats, meanwhile, appear keen on taxing cryptos more like stocks—subjecting them to “wash sale” rules, according to a blueprint of the $3.5 trillion reconciliation bill in the House.
Gary Gensler, chair of the Securities and Exchange Commission, issued an expansive view of regulating the crypto market in a Senate hearing on Tuesday. Asked by Sen. Patrick Toomey (R-Penn.) if stablecoins qualify as securities, he said “they may well be securities.” Stablecoin is a type of crypto that is normally pegged to the dollar or another currency.
