Ross Ulbricht’s chances of a presidential pardon took a bad knock yesterday as it was revealed that outgoing president Donald Trump has gone on something of a pardoning spree that didn’t include the Silk Road founder. Ulbrich’s name was a surprise inclusion on the list for consideration, with many both inside and outside the crypto world acknowledging the harshness of his sentence in 2015, but Trump’s quashing of 15 individuals’ sentences yesterday reduces the chances for Ulbricht to receive clemency.
Mark invites Arthur van Pelt back onto the show to discuss the latest antics in the running sore that is Craig Wright
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Kraken, one of the elder statesmen of the cryptocurrency exchange world, has been awarded a banking charter by the Wyoming Banking Board, making it the first cryptocurrency firm to become a bank. The license means Kraken can now operate with more flexibility with regard to traditional banking options for its customers, and could set a precedent for other exchanges who have had difficulty in dealing with traditional banks in the past.
Read the full article at FullyCrypto: https://fullycrypto.com/kraken-becomes-a-bank-after-charter-approval
It’s something that anyone who has spent any time in the crypto space will recognize all too well – a tweet from a prominent crypto personality is followed by hundreds of replies all shilling their favorite project, or more likely their bags. It’s got to the point where Binance CEO Changpeng Zhao (CZ) tweeted an opportunity for shillers to do their worst on the proviso that “you DON'T shill coins in my other posts”. It seems however that some didn’t quite read the subtext, and what followed was carnage.
Read the full article at FullyCrypto: https://fullycrypto.com/cz-tweet-sees-thousands-of-bagholders-take-to-the-shills
As we get closer and closer to Christmas, the old line of “Christmas lights consume more power than Bitcoin mining does all year” gets thrown around more and more. Many of us just accept this as gospel, but is it actually true?
Read the full article at FullyCrypto: https://fullycrypto.com/does-bitcoin-actually-consume-less-power-than-christmas-lights
The Lightning Network has long been one of the hottest topics in the crypto sphere. Changing the face of Bitcoin in many ways, it’s something that could realistically make the leading cryptocurrency perfect for day-to-day use. We’ve heard the likes of Twitter’s Jack Dorsey discuss Bitcoin holding the potential to become the world’s single currency - the Lightning Network could help make that a reality.
Read the full article at FullyCrypto: https://fullycrypto.com/introduction-to-the-bitcoin-lightning-network
The twisted tale of Bithumb, Korea’s biggest cryptocurrency exchange, took another turn today after the Seoul Central District Court enforced an order to seize shares belonging to the chairman, Lee Jung-hoon. According to Korean website News Free Zone, Lee was issued with the seizure order on Monday in relation to two bouts of legal action being taken against him, with the seizure itself taking place earlier today at the Bithumb head offices in Gangnam-gu, Seoul.
Read the full article at FullyCrypto: https://fullycrypto.com/bithumb-chairman-has-shares-seized-after-court-order
Fidelity is one of the largest asset management firms in the world, with an estimated $6.9 trillion AUM. Speaking at FinTech week in Boston, Abigail Johnson – Fidelity CEO – revealed that it’s working on a handful of crypto-related projects that it could reveal by the end of the year. This could be the big news that the crypto markets are waiting for, and could help trigger a fresh bull run.
Read the full article at FullyCrypto: https://fullycrypto.com/fidelity-working-on-crypto-related-project
The Massachusetts Institute of Technology (MIT) has issued a report that dampens suggestions that blockchain technology is the answer to end concerns over voter fraud. The U.S. election has been tainted by so far unproven allegations of voter fraud, leading to suggestions from blockchain advocates that the blockchain voting technology already used in some states should be rolled out nationwide. However, the MIT report shoots down these suggestions, saying that the premise is “ripe” for “serious failures” including attackers altering already cast votes and hacking the infrastructure, causing elections to be entirely re-run.
Read the full article at FullyCrypto: https://fullycrypto.com/mit-blockchain-voting-causes-more-problems-than-it-solves
The incredible mismanagement by the Cred team that has led to the company filing for bankruptcy has been laid bare by Arca CIO Jeff Dorman following a Bloomberg article on the case. After reading through the Cred bankruptcy paperwork that was filed over the weekend, Dorman posted a timeline of the events that have led to Cred to shutter its services, losing customers their funds in the process, while Bloomberg focused on the power battle that may have caused some of the problems.
Read the full article at FullyCrypto: https://fullycrypto.com/cred-mismanagement-and-infighting-laid-bare