• Brooklyn_Nets_Spencer Dinwiddie (Tdorante10 via Wikimedia commons)
    Cryptocurrencies,  Innovators,  Regulation

    Spencer Dinwiddie plans rebound from NBA $13.5 million tokenization rejection

    The Brooklyn Nets star guard plans to meet with the league to argue that selling a cryptocurrency backed by his $34 million contract doesn’t violate NBA rules

    Despite league opposition, Brooklyn Nets star and cryptocurrency enthusiast Spencer Dinwiddie hasn’t given up on plans to tokenize his $34.4 million contract and sell it to investors on the Ethereum blockchain. On September 26, Dinwiddie announced plans to offer tokens worth up to $13.5 million of his three-year contract to investors, trading up-front cash for his per-game payments. His contract is guaranteed, so investors would not lose their money if he is injured. The next day, the NBA told Dinwiddie that the plan violated the league’s collective bargaining agreement with the National Basketball Players Association, which says a player cannot “assign or otherwise transfer” his salary, the New York Times…

  • "And they're coming to take me away ha-haaa. They're coming to take me away ho-ho hee-hee ha-haaa." (via Pixabay)
    Innovators

    Ex-Overstock CEO Patrick Byrne sells stock, doubles down on crypto

    In a farewell letter to his former co-workers, Byrne gives crypto wild man John McAfee a run for his money in the conspiracy theorist championship

    Overstock.com’s founder Patrick Byrne ended his connection with the online retailer he built into a giant in much the same way as he ended his tenure as its CEO a month ago: bizarrely.

  • UCLA's Royce Hall (Image by Katz Gohsend from Pixabay).
    Innovators

    Accelerator MouseBelt funds college blockchain education

    The $1 million program at UCLA and two other California University’s is intended to bolster educational opportunities and find companies to back

    MouseBelt, a blockchain and cryptocurrency accelerator, has announced a partnership with UCLA and two other University of California campuses to directly fund courses and research projects in the field.

  • Russian spy Maria Butina (via Wiki commons)
    Innovators

    Patrick Byrne overstocks on Russian agent, resigns

    Overstock.com CEO bows out after placing himself at the center of a scandal involving a Russian agent and election interference

    Take one sultry Russian agent, a middle-aged tech CEO nearly twice her age, and add in the FBI, Hillary Clinton, allegations of election interference, and vague comments about the “deep state” and “Men in Black,” and you’ve got the makings of Netflix’s next hot series. Or, the reason the CEO of Overstock.com resigned on August 22 from the dot-com company he built into a major online retailer.