Dissent Lingers as Bitcoin Foundation Denounces Bankruptcy Threat
The Bitcoin Foundation board of directors has issued a new statement on the controversy surrounding its current financial situation and proposed restructuring. Overall, the blog post seeks to clarify perceived misstatements issued over the weekend in a post that generated widespread discussion in the community. The full release takes aim at accusations that the organisation is "bankrupt" and has fired "90% of its staff". Though attributed to the Bitcoin Foundation board of directors, the statement does not seem to represent the board in its entirety. Both board members representing the....
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If you are a voice of dissent, you have a unique opportunity. You live in a time that puts you at an advantage to change the world for the better. It’s true that the world is always changing; change is the only constant. But I am convinced that you have a strong say in how it will change. This is a time when the despotic rackets of the world behave like cornered rats, becoming more vicious in their desperation. You have a choice of whether to let them bite you or to bring down your heel. What will you do? **The following essay was written by James Sweet and published on July 26,....
The stress related to the United States Presidential election has triggered a wave of FOMO buying in Bitcoin, picking up in steam even more the longer the outcome of the election lingers on. With more than 48 hours already passed since polls began to close, how long could this go on for, and how will […]
The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts for an estimated at 80% of total supply, and the majority of the coins are now issued on the Ethereum and Tron networks. Out of the total supply, the USDT-ETH accounted for approximately 53% while USDT-TRX took just over 20% of USDT’s total circulating supply. On the other hand, USDC, which has a market capitalization of $2.53....
Mt. Gox fell hard, the prices fluctuate, the graphs are sinusoidal, bankruptcy and getting hacked has become a routine. This has been the life of a bitcoin in the last two years. Every time there is something new and powerful, two groups eventually emerge. The Supporters. The Skeptics. Both these groups work against each other and help make things better, together. Bitcoin Foundation. The Support & Advocacy Group in the case of Bitcoins is the Bitcoin Foundation, founded in 2012. The skeptics are everyone who doesn't use Bitcoins yet. Patrick Murck, served as the General Counsel of the....
This document on the Mt. Gox website announces the Tokyo court ruling, ordering bankruptcy proceedings for the exchange. The Mt. Gox website got updated with a new document. The Tokyo District Court ordered liquidation to begin at the failed Bitcoin exchange. This definitive order follows an earlier announcement made last week, where the bankruptcy administrator said it would be difficult to get Mt. Gox started again. "At 5 p.m. on April 24, 2014, the Tokyo District Court issued an order of commencement of the bankruptcy proceedings for MtGox Co., Ltd. (the "Company") (Case No.: Heisei....