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Unhashed Podcast - Ripple Strikes Blue Oil Lawsuit

Published on December 28th, 2020 by BTCMedia

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On this week's Unhashed Podcast: Coinbase has filed for permission to have an IPO, Ripple sued by the SEC because XRP is a security, MicroStrategy purchased another $650M worth of BTC and Stodgy Mass Mutual bought $100M, Calvin Ayre is buying a small poor archipelago of around 15,000 people North of New Zealand for BSV, FinCEN released a notice that would require money businesses to verify the identity of customers with digital currencies “held in unhosted wallets”, Suredbits has devised a Discreet Log Contract for Difference to hold a USD position, and the stolen email and mailing addresses for Ledger cryptocurrency wallet users has appeared online.

  1. Coinbase is going public! Coinbase has filed for permission to have an IPO. Pending SEC approval, its shares can be listed on US Stock exchanges. In prep, Marc Andresson himself has taken the position as Chairman of the Board. In October 2018, Coinbase secured an investment of $300m that gave it a valuation of over $8bn, so expect an IPO valuation of well over this amount.

  2. Ripple sued by SEC. SEC Claims that XRP is a security and that Ripple has sold over $1.3B of it in an “ongoing security offering”. MoneyGram, one of the “partners” that Ripple has paid to use XRP over the years (and owns part of) has issued a “wait and see” statement. Some small US based exchanges are stopping trading.

  3. There have been some MASSIVE bitcoin buys by several companies over the last several weeks. MicroStrategy purchased another $650M worth. Stodgy Mass Mutual bought $100M.

  4. Apparently, Calvin Ayre is trying to buy the country of Tuvalu, a small poor archipelago of around 15,000 people North of New Zealand. The spin from CoinGeek is that Tuvalu will put all of its currency and other data onto BSV. From CoinGeek “As Faiā CEO George Siosi Samuels put it, Tuvalu could “leapfrog” other economies struggling to move to an all-digital, blockchain-based economy centered on the “Tuvaluan National Digital Ledger.” The partnership’s task is to deliver this ledger as a working demonstration of both blockchain technology and BSV’s ability to process the volumes of data required, as well as the security and stability of its fixed, “set in stone” protocol.”

  5. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has released a notice of proposed rulemaking that would require money services business to submit reports, keep records and verify the identity of customers as they relate to digital currencies “held in unhosted wallets … or held in wallets hosted in a jurisdiction identified by FinCEN.” FinCEN defined “unhosted wallets” as a “software program or written record” through which users store the private keys needed to access and exchange cryptocurrencies like bitcoin.

  6. Ever wished you could HODL your Bitcoin AND Have fun staying poor? Suredbits has devised a Discreet Log Contract (DLC) just for you! The Contract for difference can use your Bitcoin to create synthetic USD. “On December 17th, 2020, Roman and I (Nadav) entered into a special kind of Discreet Log Contract (DLC) called a Contract for Difference (CFD), or Discreet Log Contract for Difference (DLCFD) for short. Roman entered into the CFD with $22.80 worth of BTC, and exited with that same amount of USD even though the price of BTC moved. That is to say, if the price were to go down, then I would have to pay Roman to make up the difference so that he would exit with $22.80. If the price were to go up on the other hand, as it did, then Roman would have to pay me to make up for the difference and exit with that same fixed USD amount.”

  7. A threat actor has leaked the stolen email and mailing addresses for Ledger cryptocurrency wallet users on a hacker forum for free. In June 2020, Ledger suffered a data breach after a website vulnerability allowed threat actors to access customers' contact details. Earlier this week, a threat actor shared an archive containing two files named 'All Emails (Subscription).txt' and 'Ledger Orders (Buyers) only.txt' that contain data stolen during the data breach. The 'All Emails (Subscription).txt' text file contains the email addresses of 1,075,382 people who subscribed to the Ledger newsletter. The 'Ledger Orders (Buyers) only.txt' is more sensitive as it contains the names, mailing addresses, and phone numbers for 272,853 people who purchased a Ledger device.

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