The economy is doing Bitcoin no favors, with bad news and advancing COVID-19 pushing the still stock-market-aligned cryptocurrency within a few dollars of dropping below $9,000. Meanwhile, Ripple Executive Chairman Chris Larsen says China is winning the blockchain war. Researcher says Satoshi Nakamoto was AWOL from Bitcoin’s genesis block. New York is retreating ever-so-slightly from its super-strict BitLicense, making the prestigious but frequently fled crypto exchange qualification as it turns five.
On a Juneteenth when the national dialog is dominated by #BlackLivesMatter, take a look at how “Bitcoin & Black America” author Isaiah Jackson thinks crypto can change his community. In the “keep an open mind” vein, researchers surprised themselves by finding Justin Sun’s Tron isn’t just legit, its ahead of 90% of the projects out there. Switching to keep an open jaw mode, after more than $350 million in losses over two years, Mike Novogratz says Galaxy Digital might “suck”—while sticking to his pro-Bitcoin guns. And if HAL had blockchain he might have opened the pod bay door on his own.
Former Commodity Futures Trading Commission chair and “Crypto Dad” Chris Giancarlo argued forcefully in a June 17 column that XRP is not a security but a currency under U.S. law. That’s a huge, potentially life-or-death question for Ripple.
Not to be missed in the ongoing $10 billion lawsuit between the estate of Dave Kleiman and his partner, self-proclaimed Bitcoin creator Craig Wright, are his accusations about who is funding it. The answer, he recently swore in court is... Tether and Kraken?