Bitcoin 

LTC Founder Charlie Lee Discloses Investment in BTC Development Firm Casa

On Aug. 16, Litecoin (LTC) founder Charlie Lee disclosed in a tweet that he is “an investor in Casa,” a Bitcoin (BTC) personal key security firm. He also noted that he has high hopes for the company: “I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use and that is extremely important for this space. Looking forward to great things!” A notable hire The tweet was posted in response to Casa…

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Bitcoin 

Litecoin Founder Charlie Lee Addresses Project Abandonment Allegations

Litecoin (LTC) founder Charlie Lee has addressed recent project abandonment allegations. In a series of tweets published on Aug. 10, Litecoin founder Charlie Lee addressed allegations that Litecoin did not have further plans for the coming year: “Recently there’s been a lot of FUD about Litecoin having no code commits in 2019. When you look at Litecoin GitHub, it would seem like we did no work in 2019. There are actually 2 reasons why this is the case even though we have been developing.” The first reason Lee provided for…

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Bitcoin 

Over 50% of Morgan Creek Founder Anthony Pompliano’s Net Worth Is In BTC

Founder of the capital management firm Morgan Creek Antony Pompliano said on CNBC’s Squawk Box that over half of his net worth is in Bitcoin (BTC). In a video published on Twitter on Aug. 6, channel’s another guest, Canadian businessman and TV personality Kevin O’Leary, called this “a shame”: “That’s crazy. I forbid that, that’s insane, that breaches everything about diversification in investing. […] 50 percent? shame on you! That’s nuts!” In this turn, Pompliano asked how much of O’Leary’s current net worth is in the stock market. O’Leary did…

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Bitcoin 

Twitter, Square Founder Jack Dorsey Says ‘We Love You Bitcoin’

Jack Dorsey — founder of social media giant Twitter and Bitcoin (BTC)-supporting payments provider Square — has said: “we love you Bitcoin.” During an earnings call devoted to Square’s Q2 2019 results, Dorsey recognized the eye-popping impact that introducing Bitcoin support had on the company’s Cash App revenue.  ‘Delivering on economic empowerment’ In his remarks, Dorsey noted that the Cash App ecosystem continued to grow, generating $135 million in revenue — excluding Bitcoin.  As reported just yesterday, Square’s latest shareholder letter has revealed that Cash App had raised $135 million…

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Blockchain 

Founder of Former ConsenSys-Backed Startup Sues Joseph Lubin for $13M

The founder of ConsenSys-incubated startup Token Foundry, Harrison Hines, is suing Ethereum co-founder Joseph Lubin for breach of contract. Per court documents filed with the Supreme Court of the State of New York County of New York, Hines has filed a lawsuit against Lubin in connection with “breach of contract, conversion, quantum meruit, unjust enrichment, fraud, declaratory judgment and unpaid profits arising from the defendants’ acts in connection with the business known as Token Foundry.” Hines thus intends to collect over $13 million, wherein “the relief sought is monetary damages…

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Ethereum 

Mt. Gox Vulnerability Covered Up by Founder McCaleb, Lawsuit Alleges

The latest in the long trail of events since the 2014 shutdown of the then-largest — but now defunct — cryptocurrency exchange Mt. Gox is a lawsuit that two former traders on the exchange brought against founder Jed McCaleb. The traders, Joseph Jones and Peter Steinmetz, allege McCaleb of fraudulently and negligently misrepresenting Mt. Gox to “induce” traders to use the exchange. The duo, who filed the lawsuit on May 19 in a court in California, allege that McCaleb was aware of “serious security risks” in the architecture of Mt. Gox back…

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Ethereum 

Mt. Gox Founder Knew of Security Risks Years Before Collapse, Lawsuit Claims

Mt. Gox founder Jed McCaleb is being sued by two traders who used the doomed exchange, court documents filed on May 19 show. Joseph Jones and Peter Steinmetz have accused the ex-CEO of fraudulently and negligently misrepresenting the exchange. The pair also allege that McCaleb was aware of “serious security risks” back in late 2010 or early 2011 — more than three years before 850,000 bitcoin (BTC) was stolen in an audacious hack. Their complaint adds: “Rather than secure the exchange, McCaleb sold a large portion of his interest in…

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Bitcoin 

Japanese Billionaire SoftBank Founder Lost $130 Million on Bitcoin Investment

Japanese billionaire and founder of multinational conglomerate SoftBank Group, Masayoshi Son, reportedly lost over $130 million with his bitcoin (BTC) investment, the Wall Street Journal reports on April 23. Per the report, people familiar with the matter claim that Son made the investment at the recommendation of Peter Briger, the co-chairman of asset management company Fortress Investment Group. Fortress Investment reportedly bought bitcoin in 2013; when SoftBank bought Fortress in February 2017, its holdings (including crypto) were worth more than $150 million. However, Son reportedly invested in the coin when…

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Bitcoin 

IOHK Founder Charles Hoskinson Says Crypto Industry Needs More Interoperability

Charles Hoskinson, a founder of IOHK, the firm that developed cryptocurrency Cardano (ADA), said that the cryptocurrency industry needs a “WiFi or Bluetooth moment” in an interview with media outlet Cheddar on March 28. Speaking about the status of the cryptocurrency industry, Hoskinson said that it needs specific standards that will facilitate the development of more interoperability. Per Hoskinson, it will allow communication and information to be traded in an easier way among both digital currency and traditional financial institutions. Hoskinson argued: “What we are seeing is a collection of…

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Bitcoin 

OKEx Founder Reveals OK Group’s Partnership With US Trust Firm, Plan to Launch Stablecoin

Star Xu — founder of exchange services provider OKCoin and the world’s 6th largest crypto exchange OKEx — has announced OK Group’s partnership with blockchain-focused trust company Prime Trust, prospectively allowing the firm to launch its own compliant stablecoin. The news was revealed in a tweet from Star Xu on March 28, retweeting an earlier March 27 tweet from Prime Trust announcing the partnership. Star Xu has written that the new partnership will see OK Group undertaking “an in-depth collaboration and offer[ing] diverse, secure and regulatory compliant services with Prime…

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