Hey everyone,
In my Weekly Crypto Overview, I will assemble the important news of the last week and make a summary of it. This way you will have one place to go for all the significant events that happened the week before in crypto. I hope you enjoy it and that it saves you a lot of time searching for all the news. I know not everyone has the privilege to be full-time in crypto, so I hope this is a solution for many of you.
- Bitfinex and $LEO
- CoinMarketCap Alliance
- Craig Wright Ordered To Court
- US Income Tax Payers Get Refunds In Bitcoin
Bitfinex and $LEO
Bitfinex may move to raise as much as $1 billion through a token sale as soon as next week. Zhao Dong, a Bitfinex shareholder who first revealed the exchange was thinking of doing an initial exchange offering (IEO) earlier this week, posted on WeChat Wednesday that individuals interested in participating should reach out to either him or to DFund, a group he founded.
There will be a minimum buy-in of $1 million, and a total supply of 1 billion tokens, available for $1 each, Zhao wrote. He further claimed that $500 million has already been subscribed.
You can read the full articles of Coindesk here and here.
CoinMarketCap Alliance
On CoinMarketCap’s 6th birthday they announced their DATA Alliance. The goals of the Data Accountability & Transparency Alliance is to get greater transparency, accountability, and disclosure from projects in the crypto space.
This initiative is underpinned by our belief that the provision of additional data points would: (i) empower our users to make more informed decisions, and (ii) provide a means for projects to differentiate themselves through enhanced disclosures.
You can read CoinMarketCap’s full announcement here.
Craig Wright Ordered To Court
A U.S. federal court has ordered self-proclaimed bitcoin inventor Craig Wright to disclose his bitcoin addresses in an ongoing lawsuit filed against him by the estate of a former business partner.
Wright is being sued by Ira Kleiman on behalf of the estate of his brother, the late Dave Kleiman. The Australian entrepreneur is accused of scheming to “seize Dave’s bitcoins and his rights to certain intellectual property associated with the bitcoin technology.”
You can read Coindesk’s full article here.
US Income Tax Payers Get Refunds In Bitcoin
BitPay, the largest global blockchain payments provider, announced last week that Refundo, a leading provider of tax related financial products, is making federal and state tax refunds available in Bitcoin directly to taxpayers through BitPay’s Payouts. Refundo taxpayers can receive all or a portion of the federal and state tax refunds in Bitcoin using Refundo’s CoinRT product.
We are thrilled to power Refundo’s CoinRT product. Refundo can now offer their customers a Bitcoin Payout for their tax refunds, meeting their customers’ demand for a more digital choice.
You can read the official announcement here.
That’s it for now. All the best to everyone!
Khilone
The material contained in this article is not to be regarded as an recommendation to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information on this document does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this document when making any investment decisions.
