The Bitcoin Foundation Unveils 2016 Plan, Might Shut Down Instead
The Bitcoin Foundation has recently divulged its goals for 2016 amid controversy surrounding the organization. Is the Bitcoin Foundation Coming to an End? Many of bitcoins earliest spokespeople have separated themselves from the group. “It’s gonna cost money [to rehabilitate its image] and its lost so much credibility within the industry,”Trace Mayer said in a recent interview. “The problem is outside the industry people still kind of look at it and give it credence.” Mayer considered the notion of rehabilitating the foundation, but suggests “just winding it up.” He does have one concern:....
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The Origin Protocol team has unveiled a compensation plan for its depositors who were adversely affected by the flash loan attack in November. According to the team, there is now a plan to provide compensation equal to 100% of the value deposited to OUSD at the time of the exploit. Two Compensation Plans Still, the team clarifies that one’s OUSD holdings before and after the hack will be a key determinant of the compensation package they will receive. In an update issued via Medium, Micah Alcorn who is the Production Engineer at Origin Protocol says: Approximately two-thirds of....
Amid trouble with the U.S. Securities and Exchange Commission (SEC), global cryptocurrency exchange Coinbase unveils its plan to raise $1.5 billion by selling bonds.
Coinbase Plans to Issue $1.5 Billion in Bonds
Coinbase Global Inc. (Nasdaq: COIN) announced Monday “its intention to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of its Senior Notes due 2028 and 2031 in a private offering.”
The company explained that the notes “will be fully and unconditionally guaranteed by Coinbase Inc.” and....
The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer.
U.K. Wants to Be ‘the Very Best Place’ to Start and Scale Crypto Companies
The British government unveiled several initiatives Monday as part of its plan to make the U.K. “a global cryptoasset technology hub.”
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Barely a week after we reported that the Bitcoin Foundation is facing a severe cash crunch, the organization has "forcibly removed" member Olivier Janssens as he opposed the idea of further fundraising without a plan in place. The announcement was made by Olivier himself on popular social platform Reddit. He shared the entire sequence of circumstances which led to his removal. He said that a discussion on the future of the Foundation soon turned ugly when someone (unnamed) started a vote on shutting down the organization. Well, that should have been done as the Foundation is only left with....
The Bitcoin Foundation has unveiled a new-look website that aims to be a gateway for bitcoin resources and a focal point for the digital currency as a brand. BitcoinFoundation.org's redesign imagines the site as a vehicle for education on bitcoin, including its usage and underlying technology. In addition, the website aims to increase transparency by making it easier to access information on the Foundation's by-laws and tax information alongside the composition and structure of its leadership. Notably, the site offers contact information for the various elements of its leadership team....