Dave Weisberger of CoinRoutes lays out why he believes that the SEC is wrong to deny a bitcoin ETF. Source
The Case for a Bitcoin ETF
Day: November 23, 2019
Algorand Updates Protocol Enabling Block Creation Time of 4 Seconds
The Algorand Foundation has released an upgrade to its protocol to include more tools for decentralized applications (Dapps) and develop scalable blockchain-native solutions for real-world use cases. The company announced the development in a Nov. 21 press release, detailing that it added new capabilities directly into Layer-1, thus improving speed, scalability and finality. The new features include such as Algorand Standard Asset (ASA), atomic transfers and Algorand Smart Contracts (ASC). New tools’ capabilities The platform claims to be the first to allow enterprise-scale Dapps to be built on a pure…
New Zealand Police Seize $4.2 M in Crypto in Movie Piracy Investigation
The national police force of New Zealand have seized between NZ$6.2 and NZ$6.7 million in cryptocurrency from a man who allegedly was involved in online movie piracy in the United States. Two accounts of the seizure At 5:00 AM local time, on Nov. 23, the New Zealand Herald reported that New Zealand police had restrained around NZ$6.7 million (USD$4.2 million) in cryptocurrencies and NZ$1.1 million (USD$700,000) in bank funds under the Criminal Proceeds Recovery Act (CPRA) from the 31-year old software programmer, allegedly Jaron David McIvor. An hour later, authorities…
Bitcoin Price Falters but Fundamentals Remain Intact
The bitcoin price is putting the crypto community to the test. Bitcoin fundamentals, however, remain solid. Altcoins are down in sympathy. It’s not easy being a crypto investor these days. China is sending mixed messages, the bitcoin price is in the doldrums, and there is major FUD being spread around the industry that is only exacerbating already precarious market conditions. In fact, the only thing harder than being a bitcoin investor these days is being an altcoin investor, given they are subject to the whims of a violently volatile larger…
Overstock’s Former CEO Patrick Byrne Still Holds Major tZero Stake
After selling off all of his Overstock shares, former CEO Patrick Byrne is reportedly still holding a major stake in tZero, Overstock’s crypto token platform. Byrne still owns 63,775 shares in tZero Overstock’s 2019 notice of special meeting and proxy statement, filed with the United States Securities and Exchange Commission (SEC) on Nov. 22, shows that the company’s former CEO still holds 63,775 shares of series a-1 preferred stock. In August, Byrne announced that he was stepping down as CEO of Overstock, citing his controversial relationship with Maria Butina as…