Screenshot of a deleted Tron community post to Medium.com
A new investigation reveals wide-ranging implications of Tron (TRX) Founder Justin Sun's contentious purchase of Ned Scott and Dan Larimer's Steemit (STEEM). Millionaires, billionaires, coups d'état, CZ, a $4.6m meal with Warren Buffett, 100% annualized return rates...
...and the story of how Steemit lost $1.8b of market capitalization. In today's issue of Inside Cryptocurrency Premium, I again dig deep into the history of Dan Larimer, Changpeng Zhao, and Justin Sun, pointing to shuttered projects, lawsuits, and a Medium post that could conceivably stand-in for some of today's DeFi yield farming claims. Join for $0 (free!) for 14 days to read on.
The U.K. Financial Conduct Authority has granted Archax its second registered cryptoasset firm license. Its first and only prior approval was Gemini.
The U.K.'s SEC:
On January 10, 2021, cryptoasset firms that fail to comply with the FCA's requirements must cease trading.
Registration is intended to combat laundering and counter-terrorist financing.
Only two firms have registered. New applications are due imminently; priority review deadlines have already passed.
The FCA regulates Archax has as a SME Growth Market, authorized to operate a Multilateral Trading Facility, one digital securities marketplace in London, cash and cryptocurrency custodial services, and brokerage operations.
The bank did not disclose the loan amount nor terms.
Vladimir Putin signed a law last week that takes effect in January, classifying decentralized cryptocurrencies as property, which should be reported for tax purposes, and cannot be used to pay for goods nor services.
Nevertheless, counsel to Expobank Tanzila Yandieva says the loan is "precedent-setting for both the legal and banking communities."
The bank claims that Waves is "other property" and is "not a payment token," despite its daily price fluctuations and its whitepaper explaining, "WAVES will allow payment of network transaction fees."
The tokens are in custody at the Mikhail Uspensky's notary.
U.K.-based Barclays Bank sold Expobank in 2019 to a local Russian banker, Igor Kim.
Michael West, public relations lead for Orchid and co-founder of WestComms, responded to yesterday's story about Dave Portnoy's promotion of Orchid (OXT). He clarifies that Orchid does not sponsor and has no affiliation with Dave Portnoy. He also says that Orchid reduced the number of steps required to utilize Orchid's private internet browsing to one in-app activation.
Binance (BNB) integrates with Band Protocol (BAND) to "bolster scalable decentralized applications." Importantly, the integration means that the BNB token can now be marketed as a DeFi play.
Binance-owned WazirX announces yet another DeFi project: Matic Network (MATIC).
Researchers continue tracking Chainlink's public relations activities, noting how it fostered the "Link Marines" community, rebranded to benefit from booming DeFi interest, and pitched simple API integrations in exchange for press releases in order to build credibility.
Axios reports on an "investor revolt" and legal dispute at distributed file storage project Filecoin.
The Zcash Foundation is appointing new Community Advisory Panel members to oversee its $36m Zcash (ZEC) fund.
Vidyard and Hubspot have partnered to create an in-depth guide with proven video scripts and email templates for selling remotely.*
*This is sponsored content.
Written and curated by wide-eyed bitcoin watcher since $1, Aaron Wise. Streaming headline junkie, Associated Press fanboy, eye-strained news terminal watcher, 2017 founder of Cryptocurrency Newsfeed. Temporarily based in Florida while awaiting the construction of cryptopia.
Edited by Eduardo Garcia in New York. Eduardo is a graduate of the Columbia Journalism School M.A. Science program and writes regularly for the New York Times Climate Fwd: newsletter. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade.