Top Crypto Stories for October 6, 2017 – CoFound.It See, Mark Cuban & Ghostface Killah
There is a lot going on in the crypto world. We've curated some of the top stories you should be aware of so you don't miss anything:
Cofound.it Seed: First five candidates announced
The cofound.it project is expanding its features, allowing their Priority Pass holders to participate in the earlier stages of their project selection process. They just announced the first set of early seed round projects: Aversafe, an application that helps people verify their credentials and certifications; Blockie, a project to create a suite of tools for developing Dapps; Legacy, a platform for developing "smart wills" and digital time capsules; Media Sifter, a decentralized news aggregator (which sounds like an oxymoron…); and UNICO, a protocol for digital collectibles.
Bitcoin Is Free Speech: Why Jamie Dimon Was Wrong and Governments Can Never ‘Close It Down’
Following on the comments of JPMorgan Chase's chief executive, Jamie Dimon, last month, Reason argues that Bitcoin (and presumably other cryptocurrencies) cannot be banned because they are effectively free speech covered by the 1st Amendment. Grown out of the cryptography legal wars of the early-to-mid 1990s, today's digital currencies enjoy constitutional protections that will keep them going long into the future.
Mark Cuban Confirms Investment in Bitcoin
Celebrity entrepreneur and owner of the Dallas Mavericks Mark Cuban has acknowledge a recent investment in Bitcoin in early October. Having bought his stash through an exchange-traded fund, Cuban also refuted Jamie Dimon's comments about the cryptocurrency, saying, "Most stocks, there is no intrinsic value because you have no true ownership rights and no voting rights. You just have the ability to buy and sell those stocks. Bitcoin is the same thing."
ShapeShift Adopts Segregated Witness
No real surprise, given that the company has supported SegWit for nearly two years, the ShapeShift cryptocurrency exchange has officially adopted this update to the Bitcoin protocol. According to the exchange's announcement blog post, all of its transactions are now SegWit compatible, and given the number of transactions it handles on a daily basis, that makes it the biggest senders and recipients of SegWit-compatible traffic. How much this does to encourage other companies to adopt the new protocol remains to be seen.
Wu-Tang Clan’s Ghostface Killah Co-Founds Cream Capital
Mark Cuban isn't the only big name getting into the cryptocurrency game this week. Wu-Tang Clan member Ghostface Killah has reportedly started a new cryptocurrency venture named Cream Capital. Cream – which stands for "Crypto Rules Everything Around Me" (a hat tip to the Clan's song "C.R.E.A.M.", where the "C" stands for Cash) – intends to corner "more than half of the global cryptocurrency ATM market" within the next three years by offering Ethereum-based Cream Dividend tokens that are usable with debit cards. The company claims to already have operational ATMs in North Carolina.
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