XCP Price Rises After Counterparty Denies Receiving SEC Letter
Last week, rumors surfaced that the United States Securities Exchange Commission (SEC) had sent inquiry letters to various companies who have released securities on crypto 2.0 platforms. Some investors became anxious that the SEC was targeting the platforms themselves. This uncertainty led to a brief drop in the price of Counterparty's native currency, XCP. However, Counterparty responded that the SEC has not contacted them and that since their platform is open-source, they are not responsible for how people use it. Since Counterparty's clarification, the XCP price has increased more than....
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On October 6, Overstock announced the online retailer had hired two Counterparty developers to build a decentralized stock-exchange, code-named "Medici." CEO Patrick Byrne confirmed the stock exchange would be built atop Counterparty during his speech at the Inside Bitcoins Conference in Las Vegas. The announcement immediately caused the Counterparty price to surge (Counterparty's native currency shares the platform's name and is also known as XCP). However, the price began to cool off on October 8. Also Read: Overstock Chooses Counterparty for Decentralized Stock Exchange. XCP Price....
One of the major news items (so far) this month has been Overstock.com's plans to launch a crypto stock exchange named Medici. As part of those plans, the online retailer (which begun accepting bitcoin at the beginning of this year) hired developers from Counterparty to make the exchange platform happen. Counterparty is a peer-to-peer, decentralized platform that allows its user base to "create and trade their own tokens for bitcoins and XCP," in addition to speculating and hedging against currencies, commodities, and more. And they're planning to aid in their own future growth with the....
Counterparty is a Bitcoin 2.0 platform. XCP is the native currency for Counterparty, a Bitcoin 2.0 platform that allows the creation of digital assets. The XCP price surged during the past two months due to several impressive announcements. First, Overstock CEO Patrick Byrne announced the company planned to build a decentralized stock exchange on top of Counterparty. More recently, the Counterparty developers successfully ported the code of Ethereum into Counterparty. However, the XCP price has declined for the past two weeks. Also Read: The March of Counterparty - Highlights from Reddit....
Fresh off the announcement of a new partnership with Overstock, Counterparty is announcing the founding of the Counterparty Foundation, a new non-profit organization. The Counterparty Foundation will be established with the help of Perkins Coie, a law firm that advises many cryptocurrency companies. The Counterparty Foundation will provide enhanced structure and services to the growing Counterparty ecosystem; something that Counterparty founders say has been a much-demanded feature. Also read: Medici Will Be a Real Bitcoin 2.0 Stock Exchange. Counterparty was founded by Robby Dermody, Evan....
Andrew Barisser of Assembly Coins makes strong arguments for building on top of the pure Bitcoin blockchain, rather than creating alternatives. Recently he wrote an open letter to Reddit, where he argued that Reddit should stick to a pure Bitcoin blockchain approach to building their planned cryptocurrency initiative, rather than going sidewise with alternative approaches. Now, probably prompted from the recent news about the Medici stock exchange that is being developed with Counterparty technology, Barisser wrote a post to criticize Counterparty. Also read: Andrew Barisser's Open Letter....