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Microsoft wins over skeptics. Wins back developers.

Like many out there, I was a skeptic of Microsoft’s acquisition of GitHub. To be honest, in some ways I still am. We’ve been tracking this topic very closely over the last several years. What’s particularly interesting to me is this story — Scott Guthrie wrote a proposal in 2014 to acquire GitHub and filed it away in a drawer. In 2014, Microsoft Corp. cloud chief Scott Guthrie wrote up a proposal to acquire GitHub Inc. Then he filed the plan away in a drawer. Every once in a while he’d take the plan out and look at it, and then return it to the cabinet. Guthrie felt Microsoft just wasn’t ready to acquire the popular open-source company… Fast forward 5 years…GitHub has been acquired and Nat Friedman (CEO of GitHub) says “GitHub has to be neutral and GitHub has to be independent. Developers want choice. GitHub can’t have any favoritism.” With that kind of intention and posture, my skepticism is eroding.

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Michael Patterson Bloomberg

Crypto’s 80% plunge is now worse than stocks' dot-com crash

This news is a few weeks old now, but I’ve been tracking the ups and downs of the crypto markets for a while now — especially after we had those crazy highs in Q4 2017. Everyone was rushing to get theirs and loose it — after-all, it’s so simple to get in, right?! Of course, putting some effort into mining Bitcoin or Ethereum isn’t a bad thing, but c’mon, dropping all of your savings into the Bitcoin bucket is not a smart move. Tread carefully.

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A big crypto sell-off is happening for Bitcoin and Ether

Bloomberg is citing a sell-off of Bitcoin, Ether, and dozens of smaller digital tokens. The “crypto exodus” is happening due to a “sense of panic” hitting crypto investors. It’s been a brutal August for Bitcoin and Ether, with Bitcoin touching below $6,000. “The big story in the market today is the huge weakness in Ethereum,” Timothy Tam, chief executive officer of CoinFi said in a phone interview — “Bitcoin has held up relatively well versus Ethereum. It’s still quite weak versus the U.S. dollar.” While cryptocurrencies rallied in July on hopes that a Bitcoin-backed exchange-traded fund would attract new investors, U.S. regulators have yet to sign off on multiple proposals for such a product. The letdown has coincided with growing concern that entrepreneurs who raised crypto-denominated funds via initial coin offerings (ICO) are now cashing out of holdings such as Ether, the token for the Ethereum blockchain that is a popular platform for crypto projects. What do you think? Are you selling, buying, or holding?

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