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It has been a good week for Bitcoin. The halving does not appear to have done any harm to the leading cryptocurrency, with the dollar’s value increasing more than 8% from the previous week. Ethereum has grown by over 10%, which just shows that the opportunity for blockchain-based solutions is still hot. If you are taking advantage of this opportunity to issue tokens or digitized assets and are looking for legal counsel regarding securities and regulations, you should speak to Josh Lawler of Zuber Lawler. They sponsor the Bad Crypto podcast and are specialists in technology development, including blockchain.
One person who understands blockchain better than Josh Lawler is Satoshi Nakamoto, and it appears that the inventor of the mystery has been busy. Fifty Bitcoins mined as early as a month after the launch of the Bitcoin mainnet just switched to two different Bitcoin wallets. It is not certain that the coins are Nakamoto’s stash, but few people were mining with the original Bitcoin client eleven years ago. Craig Wright said he didn’t move the coins, which is a problem because he also told a US court that the address belongs to him. Ops.
In another mysterious move, approximately $ 6 million of STEEM was “saved” in an anonymous transaction on the Bittrex exchange. The tokens, from 64 Steem accounts, were supposed to move to an account called “community321” as part of a hard fork designed to stop “malicious attacks” on the network. The account asked Bittrex to return them.
And in an even stranger move, Crypto YouTuber Vin Armani sent his family to the Northern Mariana Islands. He is preparing for the zombie coronavirus apocalypse.
With all that weird movement, it’s nice to read a move that didn’t happen. Cryptocurrency lender BlockFi has reported a data breach. But client funds weren’t lost, he says, which is more than Steem’s hard fork can tell. And it turns out that ISIS isn’t really moving Bitcoin to fund its evil ways. He doesn’t even have $ 300 million in a secret crypto war chest.
In Congress, the “Advancing Blockchain Act” calls for a survey on the uses of technology and its adoption in the United States. Representative Brett Guthrie (R-KY) who tabled the bill says he is concerned that China may take the lead in the new technology.
Congress isn’t the only place where blockchain is getting political. The World Economic Forum Global Blockchain Council has launched its Presidio Principles, a sort of Charter of Rights for the blockchain. The sixteen principles include ensuring that participants understand the risks and benefits of blockchain technology; who can independently create, manage and store cryptographic secret keys; and that they can be sure their data is protected. It would certainly be nice to see China adopt a Charter of Rights.
The principles could simply help protect buyers and sellers on Shopify. The ecommerce platform now accepts cryptocurrency transactions using CoinPayments.
In other news, Ben Mezrich, the author of Bitcoin billionaires, a book about the Winklevoss twins, wrote an episode of the Billions series. The episode focuses on a mining farm in a boarding school. That college, however, is not Hogwarts. JK Rowling still doesn’t get Bitcoin, even though she tried.
And finally, Philip Euphrates Roqueforte (we’re pretty sure that’s not his real name), the Principal Operating Officer, or POO of Coinstool (and we’re pretty sure that’s not his real title), announced the first part of Coinstool 50 It’s just the beginning, so it looks like Roqueforte will push them out for a while.
Joel Comm is an Internet pioneer, New York Times best-selling author, futurist speaker, and co-host of The Bad Crypto Podcast. It’s an elegant way of saying that he writes words, says things, and loves playing with cryptocurrencies.
The views, thoughts and opinions expressed herein are solely the author’s and do not necessarily reflect or represent the views and opinions of Cointelegraph.
