Crypto Corner Bitmain Shuffles Board as IPO Nears, BCH Hard Fork Sees ABC Token with Most Nodes, Michigan Sec. of State Bars Crypto in Political Donations and Marshall Islands’ President Prevails in No Confidence Vote Despite Controversial Crypto Position
8btc reports that bitcoin mining firm Bitmain has undergone a significant personnel change as the company prepares for its coming IPO. According to a “securities authority close to Bitmain”, four out of six have quit the board, and includes company CEO and co-founder Jihan Wu. An unnamed lawyer is quoted in the piece explaining Wu’s changed status with the board.
“As a director, Jihan had the right to vote when the board makes decisions.
However, after changing to a supervisor, his power becomes smaller that he can no longer vote. As thus, Wu will be unable to participate in the business decision-making but only serve as a supervisor.
”
The Bitcoin Cash ( BCH ) hard fork is expected to happen on November 15, and crypto data platform Coin Dance shows that Bitcoin ABC has far more nodes than rival Bitcoin SV.
At press time, the summary indicates that ABC has 1082 nodes while SV only has 171. The somewhat less talked about new token, Bitcoin Unlimited, falls between the two with 792 nodes at press time. For background, Bitcoin ABC is favoured by Roger Ver, as well as Bitmain, Binance and Coinbase, while Bitcoin SV (Satoshi Vision) is favoured by Dr. Craig Wright, who has claimed to be Bitcoin creator Satoshi Nakamoto, as well as CoinGeek and Bitcoin.org.
Michigan’s Secretary of State has formally come out against the use of cryptocurrencies in campaign donations in a letter to state legislature candidate William Baker.
The letter reasoned that crypto’s tendency toward volatility in price made it unreliable as a valid form of currency.
Cryptocurrency is not a mere transfer of controlled funds deposited or withdrawn through a financial institution, but rather is traded anonymously through an electronic platform.
As with stocks and commodities, Bitcoin’s worth fluctuates daily, there is no way to ascertain the precise monetary value of one Bitcoin on any particular day. Further the Act requires that committees deposit funds in an account in a financial institution, which is not an option for cryptocurrency.
Nikkei Asian Review reports that Marshall Islands President Hilda Heine has prevailed through a no confidence vote on her presidency that was based in part on her position on cryptocurrency. Holding on to power by one vote, Heine will pursue her controversial plan of implementing a digital currency known as the Sovereign for the Marshall Islands. Once created, the Sovereign will have equal status to the U.
S. dollar in the country.
Sam Mowers, Investorideas
Get the Crypto Corner News by email Get Crypto Corner News
Crypto Corner Sponsors:
Flip™ is the creation of Fit Pay, Inc.
, a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (< NASDAQ: NXTD ). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. http://www.
mygenesis.io
More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com , Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO’s – Latest News and Commentary https://www.investorideas.
com/
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts, articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT, mining, sports biotech, water, renewable energy and more. Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.
com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
http://www.investorideas.
com/About/Disclaimer.asp . Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: https://www.
investorideas.com/News-Upload/
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.
com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Please read Investorideas.com privacy policy:
Leave a Reply
You must be logged in to post a comment.