An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Prop...
Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not fulfill the basic properties of money.” She also describes bitcoin as a “speculative asset without any recognizable fundamental value and is subject to massive price swings.” Schnabel also surmises that trust in “cryptocurrencies might rapidly evaporate,” and this, in turn, causes “disruptions in financial markets.” The Digital Euro In remarks made during a recent interview, Schnabel also reveals how she and her....
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A former Circle board member is being sued by the US Securities and Exchange Commission (SEC) over alleged investment fraud, it has been revealed. According to a 13th May press release unsealed by the federal agency, Iftikar Ahmed is accused of fraud and self-dealing in connection with Oak Investment Partners. Ahmed served as a general partner at Oak, which took part in Circle's $17m Series B round. Two companies said to be under the control of Ahmed, Iftikar Ali Ahmed Sole Prop and I-Cubed Domains LLC, were named as relief defendants in the complaint. $55m in assets were frozen per an....
The Bitcoin Foundation is holding an election for a vacant industry seat on the organization's board of directors, according to a blog post put up on Tuesday. Industry Members are able to nominate an individual for a position on the board, and the elected member will join the current board members: Micky Malka (Ribbit Capital), Mark Karpeles (Mt. Gox), Gavin Andresen, Jon Matonis, Elizabeth Ploshay (Bitcoin Magazine), and Peter Vessenes (Coinlab). Voting begins on the week of April 21st, 2014, and nominations must be in by April 7th, 2014. Board members are expected to "provide leadership"....
When it rains, it pours, especially when it is raining bad news. If Ripple investors didn't believe that before, they certainly do now. Just yesterday, CCN reported that Ripple Labs co-founder Jed McCaleb decided to sell the entirety of his XRP stock, which decreased the XRP exchange value by an astounding 40% in less than 24 hours. Now, a board member has resigned, leaving investors anxious about the company's future. Ripple Board Member Jesse Powell Resigns in the Wake of Founder Sell-Off. In the wake of the troubling news about McCaleb's XRP liquidation, Ripple board member Jesse Powell....
The Australian Bitcoin Association announced today that it will officially accept new members, having completed the process of becoming a fully-fledged legal entity. Membership of the Australian Bitcoin Association is open to Australian citizens only. The ABA's constitution stipulates that the organisation has eight board member positions, seven of which are already filled. The remaining seat is open to both corporate members and individuals. Membership fees are in line with the US bitcoin Foundation, with whom the Australian association has signed an affiliate agreement. This makes it the....