Weekend, May 5-6, ’18

Roger Ver, BTC, Warren Buffett, XRP, ETH, Russia, IOTA, Japan, Washington D.C., South Korea

  • The recent lawsuit against bitcoin.com CEO, Roger Ver, has been canceled. It didn't collect enough donations to fund the legal battle that would ensue. One law firm asked for $1 million for its services, and the community raised only 0.39 BTC ($3,760), that now will be refunded.
  • Warren Buffett called crypto 'a very handy tool for charlatans'. At the annual meeting of his company Berkshire Hathaway he explains that buying Bitcoin is not investing. When you buy stocks or a land, you buy something that has an inner value. When you buy Bitcoin, you just hope the next guy pays more.
  • A class action lawsuit has been filed against Ripple Labs, its CEO, and subsidiary. The plaintiff claims that the defendants have violated the federal securities law by selling unregistered XRP.
  • The Enterprise Ethereum Alliance has released its Enterprise Ethereum Architecture Stack, which acts as the next portion of its Enterprise Ethereum specification strategy. It may signal the coming of the era of Web 3.0 as well as next generation of Enterprise Ethereum applications. The EEA includes a lot of Fortune 500 enterprises, startups, academics, and technology vendors that are interested in using Ethereum.
  • The bank of Russia could use Ethereum to build its own payments platform. It will be integrated into SPFS, a local version of the SWIFT system. If the integration turns out to be successful, then, the system are expecting to potentially become ‘more reliable’ than SWIFT itself.
  • Ledger Nano is going to support IOTA soon and to partner with Porsche Digital. It will be the most secure wallet for storing MIOTA. Another important news is that it decided to partner with Porsche Digital to work on Program 4 project. They will be developing a platform intended for smart mobility.
  • The Financial Services Agency of Japan is set to introduce strict but friendly rules. This initiative is taken to set new rules and protect investors from hacks by improving security on exchanges.
  • Washington D.C. has the most developed bitcoin infrastructure in USA. There are 4.49 ATMs for every million inhabitants, and 2.39 establishments for every million citizens that acknowledge bitcoin as a type of payment.
  • Yoon Suk-heun, the new governor of South Korea’s Financial Supervisory Service (FSS), said that he sees some ‘positive aspects’ in cryptocurrencies. He also said that the FSS will be working on crypto regulatory issues with other regulators, thus making crypto more secure.
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