So i had a shower thought a couple of days ago BTC was floating around £30k and i wanted to know your options. Would you rather own 1 BTC at £30k Stake it at around 6.5% (what you can get on the crypto and other apps) hope it goes to 100k this year and mabey…
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A sense of foreboding characterizes the market even after inflation data sparks solid intraday gains for BTC/USD.
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This is an update to This post I made 6 months ago when the top 1% was at 6.8k Here are the stats 148,288 addresses on the list. 81,571,823 Moons in total. If you have more than 4059 Moons you're in the top 1% If you have more than 281 Moons you're in the top…
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In the 1970’s, when the economy was much stronger. The trade deficit was a trade surplus, government debt was only 300b, and the market had healthy 5% interest rates, we STILL had to raise interest rates to 20% to reign in inflation. Twenty percent. 20x higher than what is currently projected. That’s like saying if…
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Jack Dorsey has announced the launch of a bitcoin defense fund that is aimed at bitcoin developers who are facing litigation. The space, although still new, has had its fair share of litigation as various devs have had to battle it out in the courts over their products. This fund will help to fund provide legal defense for these developers who otherwise would have folded due to lack of funds. Backing Up Bitcoin Developers In an email sent out to the bitcoin developers’ mailing list, Twitter ex-CEO Jack Dorsey announces the establishment of the Bitcoin Defense Fund. The fund was a response to the various litigations bitcoin developers were being subjected to due to their work involving bitcoin and its products. A lot of these are open-source developers, who are unable to afford proper legal defense when faced with these litigations. Related Reading | Bitcoin Discount? Peter Brandt On Why You Shouldn’t Buy The Dip The email which was posted to Twitter by Zack Voell explains that the primary mission of the fund was to help defend these developers from lawsuits. It will provide services like helping developers find and retain defense counsel, as well as developing litigation strategies and assisting in paying legal fees. The non-profit entity will be accessible to developers if they wish to take advantage of it. BTC recovers to $43K | Source: BTCUSD on TradingView.com As for the projects that get funded, the board of the Fund will be responsible for making the decisions. It’s staffed with a corps of volunteer and part-time lawyers who will work to protect bitcoin devs from lawsuits. Funding The First Projects In the email, Dorsey notes that the Fund had already chosen the first project to take on. The Tulip Trading lawsuit had been brought against a number of developers, claiming a breach of fiduciary duty on the part of the devs. The Bitcoin Defense Fund will provide funding for the outside counsel for the developers named in the lawsuit to aid in their legal defense. Related Reading | ARK Invest CEO Cathie Wood On What Will Drive Bitcoin Correction This Fund comes at a critical point where more devs are finding themselves in the middle of lawsuits due to their work in the bitcoin space. These devs are often backed into a corner as they are unable to provide adequate legal defense for themselves due to limited resources. The Bitcoin Defense Fund will change this. “The Bitcoin community is currently the subject of multi-front litigation,” the email read. “Litigation and continued threats are having their intended effect; individual defendants have chosen to capitulate in the absence of legal support.” This Bitcoin Defense Fund is another in a long line of activities that have proven Dorsey’s support for bitcoin and its development. In December, he announced the Bitcoin Trust Fund (BTrust), to accelerate bitcoin development in Africa and India. Featured image from CryptoPotato, chart from TradingView.com
Reality TV star Kim Kardashian and boxing legend Floyd Mayweather Jr. are facing a class-action lawsuit over their promotion of Ethereummax and the EMAX cryptocurrency token. The celebrities’ “improper promotional activities generated the trading volume needed for all the defendants to offload their EMAX tokens onto unsuspecting investors,” the lawsuit alleges. Kim Kardashian and Floyd […]
