A U.S. court has denied crypto entrepreneur Craig Wright’s attempt to dismiss a lawsuit alleging he misappropriated at least 300,000 bitcoin.
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Exec Who Denied Ripple Is ‘Distributed Ledger’ Says XRP ‘More Decentralized Than Bitcoin’
A new post from a senior Ripple executive has caused controversy just a day after it went live as cryptocurrency community commentators ridicule the company over claims its ledger is “decentralized.”
Schwartz Claims ‘Inherent Decentalization’
The latest curious official correspondence to appear from Ripple, CTO David Schwartz claimed August 22 that the Ripple XRP token was “inherently decentralized.”
“Bitcoin and Ethereum are currently viewed as the gold standard for decentralization — meaning they are architected in a way that no single individual or minority group can dictate rules or rewrite transaction history (the power of blockchain!),” he wrote.
Winklevoss Bitcoin ETF Proposal Denied by U.S. SEC
The United States Securities and Exchange Commission (SEC) has rejected the Winklevosses’ latest attempt to list a bitcoin ETF. After having a proposal rejected last year, the Gemini exchange founders had hoped to secure their Winklevoss Bitcoin Trust on BATS Global Market’s BZX stock exchange with this latest attempt.
But BZX’s June filing was curbed in a 3-1 vote this Thursday, July 26, 2018. In filing for the ETF, BZX proposed a rule change with hopes that the new proposal would be accepted. The SEC, though, found that neither the filing nor its related rules change met the requirements of the Exchange Act and the commission’s existing guidelines:
Winklevoss Cryptocurrency ETF Denied by SEC Due to Offshore Manipulation Concerns — Price Reacts
With much of the financial world fixated on the prospect of a bitcoin exchange-traded fund, the US Securities and Exchange Commission (SEC) has reportedly denied the proposal from Gemini founders Cameron and Tyler Winklevoss.
3-1 Against
The US Securities and Exchange Commission (SEC) has reportedly rejected the first-ever cryptocurrency ETF proposal from Cameron and Tyler Winklevoss — the famous entrepreneurs behind cryptocurrency exchange Gemini.
The Winklevoss Bitcoin Trust was already denied by the SEC in 2017. However, CNBC now reports that the twins’ recently submitted rule change proposal has also been rejected by the independent agency of the United States federal government — marking yet another loss in the Winklevoss’ quest for an ETF.
Ross Ulbricht Is Denied Prison Sentence Review by Supreme Court
The Supreme Court announced on June 28, 2018, that it will not reconsider the conviction or life sentence of Ross Ulbricht, the alleged mastermind behind the darknet site Silk Road. At press time, no reason has been provided for the Court’s decision.
Ulbricht was first arrested in October 2013 at the Glen Park Branch Library in San Francisco. During his trial, prosecutors stated that, at the time, he was speaking online with an undercover FBI agent while running the site through an open laptop under the name “Dread Pirate Roberts.” Among the evidence collected from Ulbricht’s computer were chat logs, journal entries and spreadsheets pertaining to Silk Road financial data between the years 2011 and 2013.
UK Bitcoin Investors Denied Mortgages To Buy Homes
Bitcoin investors in the UK have reportedly been facing issues with acquiring mortgages with their profits, as Banks refuse or are unsure how to deal with funds derived from cryptocurrency.
As Bitcoin prices rise, so do investor profits, and if a report from the UK’s The Sun newspaper is to be believed, it appears as though investors could potentially have trouble when it comes to securing a mortgage with their Bitcoin money. Some banks in the UK appear to be showing a reluctance to deal with Bitcoin profits, especially when it comes to providing audit trails. Another complicating factor appears to be a lack of understanding of cryptocurrency in the mortgage industry in general.