‘Bitcoin Unlimited’ Reveals $500k Donation, Formal US Registration
Bitcoin Unlimited has announced major changes to its status including formal registration as a non-profit following a $500,000 donation. Non-profit Registration & Development Drive Ahead. The news was released to members via a post today, and comes as the community at large appears to be shifting to a larger blocksize consensus. “Exciting times are....
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The donations received by Bitcoin Unlimited may have come from funds stolen from Kraken a few months ago. Bitcoin Unlimited recently made news after it received an unusually large donation of around $500,000 in bitcoins. The donation amount is now mired in controversy after it was claimed to have come from a questionable source. According to few reports, the donation received by the project may have been part of funds stolen from Kraken, a leading digital currency exchange. There were unconfirmed reports of Kraken suffering from a security breach in late July that resulted in a theft.....
Chainalysis declined to directly link the donation to the Jan. 6 storming but said the timing "warrants suspicion."
The CEO of Ark Investment Management (Ark Invest), Cathie Wood, still predicts that the price of bitcoin will be $500K. She says that all indicators “are all suggesting that we are in a capitulation phase, which is a really great time to buy, no matter what the asset is.” Ark Sees Bitcoin Reaching $500K Ark Invest CEO Cathie Wood has shared her view about the current bitcoin market and her prediction of where the price of the cryptocurrency will rise to in an interview with Bloomberg Wednesday. Wood has previously predicted that the price of bitcoin will increase to $500K. With....
The creator of Ripple and original founder of Mt. Gox, Jed McCaleb, recently made a donation worth roughly $500,000 in XRP to artificial intelligence researchers the Machine Intelligence Research Institute (MIRI). Going on the XRP-USD exchange rate at the time of the donation, McCaleb's became the largest single contribution in the Institute's history. Though values have fluctuated and MIRI will not convert the donation into half a million US dollars straight away, it is still a startling amount and could be worth even more if the XRP value rises in future. At the time of writing 1 XRP,....
TorrentLeech.org, a torrent tracking service with a massive 500k userbase, is now accepting and even encouraging Bitcoins as donations and in exchange for VIP accounts. TorrentLeech believes that "Bitcoin payments safeguard your privacy and protect your anonymity," and are "strong believers of the Bitcoin." For these reasons, they are offering 1-3 months of extra VIP subscription for each donation via Bitcoin, depending on the amount donated. TorrentLeech has even gone so far as to create their own wiki page1to aid users in acquiring and using Bitcoins. With the encouragement for users to....