Judge Bruce Reinhart handed it to Faketoshi, demanding he compensate for the plaintiff’s legal fees and 50% of the 1,100,111 bitcoin mined by the pair up to Kleiman's death. He also stamped out all 10 of his defense cases. If there is any modicum of truth in what he has to say, the decryption keys that can access the $11bn worth of coins will magically arrive through a “bonded courier” in Jan 2020 when the blind trust is released. Go figure. Unless Kleiman has a spare $2.2bn lying around, he will be required to pay 40% estate tax on his compensation, by dumping BTC.
Soundbites from several regulators on the tape; The British National Liberal Party criticizes lack of policy regulating crypto, China Times slams Bitfinex’s CNHT initiative calling it a direct challenge the BoCs monetary policy alongside the usual slander fro crypto and SEC Chairman Jay Clayton puts his foot down refusing to negotiate to accommodate existing securities laws for digital assets.
Facebook has been busy pushing forward with Libra, hiring lobbying firm FS Vector to address the negative publicity at home while also allegedly in talks with the Swiss National Bank. The Senate Committee had asked them to pput the project on hold… doesn’t look like they’re looking to comply.
Ethereum ($ETH) -0.51% devs agree to push back Istanbul fork two more weeks as Wei Tang raises concerns over gas issues. Vitalik has recently repeated the fact that the EVM is running out of headroom. Sept 6th… stay tuned.
- Basic Attention Token ($BAT) +3.8% to be adopted by Wikipedia as legal tender.
- Coinmarketcap proposes new standards for data disclosure
- Gatechain Token ($GT) -0.67% announces token burn plans; to retire tokens 22nd of every month. 26.3mn GT have been burnt 1H19.
- US Air Force to adopt Simbachain for supply chain security.
- Argo Blockchain (ARB LN) +11.4% posts 52-week high on plans to increase hashrate by 357%.
- Algorand ($ALGO) +1.8% Algo Capital raises $200mn; 2x target raise for VC fund
May the trend be your friend… Happy trading!
