• Crypto funding shifting from US to China
    Cryptocurrencies

    Go East: Crypto funding shifting from US to China, report says

    In 2015, just 2% of cryptocurrency and blockchain deals were for Chinese companies. Fast forward four years to 2019, and the figure soared to 22%

    In it Blockchain Report 2020, CBInsights said 51% of deals in the industry were for US-based companies four years ago, while only 2% was earmarked for Chinese businesses. According to the latest figures, China’s share of deals is 22% in 2019, while America’s share dwindled to just 31%.

  • The Case against Craig Wright as Satoshi Nakamoto
    Bitcoin,  Commentary,  People

    The Case against Craig Wright, Part I (2009-2011)

    A #Faketoshi hobbyist walks us through the details behind accusations that Craig Wright lied and forged proofs that he is Bitcoin creator Satoshi Nakamoto

    The problem is that people who claim Craig Wright is a fraud are mostly disorganized. So today we are just going to put it all out on the table. For that we look to Arthur van Pelt, a Dutch "bitcoin entrepreneur" who spends his free time digging for information that will debunk Wright's claim to be Bitcoin creator Satoshi Nakamoto.

  • MakerDAO adds centralized USDC
    Alt coins,  Cryptocurrencies,  Ethereum

    DAI another day: USDC can be used as collateral at embattled MakerDAO

    Coinbase and Circle’s USDC stablecoin is now being accepted to back loans, raising questions of centralization at the ‘pure’ DeFi coin

    A major reservation with accepting USDC as collateral lied in how the stablecoin is centralized. This is a significant departure from Maker’s stance of ensuring DAI is only backed by decentralized assets—as USDC is the brainchild of Coinbase and Circle, major players in the crypto industry. As MakerDAO’s (now out of date) white paper noted: “Unlike other Stablecoins, DAI is completely decentralized.”

  • Coinbase Brian Armstrong Brian Brooks
    People,  Regulation,  United States

    Coinbase loses chief legal officer to U.S. Treasury

    Brian Brooks is leaving the cryptocurrency exchange to become COO of the Office of the Comptroller of the Currency, which regulates and oversees banks in the U.S.

    Coinbase Chief Legal Officer Brian Brooks has been appointed chief operating officer of the Office of the Comptroller of the Currency, the Treasury Department announced on March 16. Brooks will also serve as first deputy comptroller of the OCC, which charters, regulates, and supervises banks and savings associations in the United States.