Patrick Byrne Quits Overstock,The Company ... - Bitcoin News
Ravencoin will be featured in my first official newsletter. Anything I should add?
I run a short weekly newsletter recommending lower cap coins for people to take a look at. (If you're interested you can check out The Weekly Coin here, but honestly no pressure!) Tl;dr: I've been in this space for over half a decade as a investor and dApp developer. I've amassed email addresses of people looking for recommendations on good low cap coins to take a look at. It started out with my brother then my Dad and grew from there. Instead of BCCing everyone I've now created an official newsletter and Ravencoin will be my first official recommendation. As this is my first official newsletter (I'm a bit nervous 😬) I wanted to make sure I consulted with Ravencoin to make sure I touch on the most important points. Here is the newsletter:
It's no surprise that Ravencoin is the first cryptocurrency I'd pick, it's a coin that many people have been raving about. I'll see myself out. "Ravencoin (RVN) is an open source, fairly mined proof of work (POW) project focused on enabling users to issue assets and securities on a secure and decentralized blockchain. Cypher punk philosophy. No ICO. No pre-mine. No masternodes." — Ravencoin Ravencoin is decentralized meaning there is no owner or CEO, their Github is very active and the core team is funded by Medici Ventures which is a subsidiary of Overstock.com. Ravencoin is a cryptocurrency that does one thing and does it well. Overview - CoinMarketCap Rank: 44 - Current Price: $0.026592 - Market Cap: $149,809,826 - Max Supply: 21,000,000,000 RVN - Where to buy RVN: DigiFinex, Binance, Upbit, CoinEx Development Frequency: Very Active averaging 1000 commits a year. Currently 5 issues are open and 586 issues are closed. If Bitcoin is for money Ravencoin is for tokenizing assets. Many coins tout getting it right but it seems as though Ravencoin has gotten it right. I'll be watching Ravencoin and I'm very interested in what they bring to the table.
Anything I should add or subtract? Let me know what you guys think!
_(This week’s Ledger newsletter is by David Z. Morris)_The crypto industry can be roughly divided into two groups. On the one hand, there are “crypto native” companies creating new things from scratch (think Binance or Brave). On the other hand are existing operations trying to use blockchain tech to get a further edge (think ICE’s Bakkt or Facebook’s Libra). And then there was Patrick Byrne, who had a foot in both worlds—sometimes uncomfortably. The CEO for two decades of e-commerce pioneer Overstock.com, Byrne became a vocal crypto proponent around five years ago, and has worked since then to position the company as a blockchain leader. Overstock was the first major online retailer to take payments in Bitcoin, starting in early 2014. The same year, Byrne began work on “tzero,” a blockchain-based alternative to traditional securities exchanges. Then he founded Medici Ventures, a venture fund and incubator that houses 18 blockchain startups within Overstock. And now, it appears, he’s gone. Byrne resigned suddenly as CEO of Overstock last Thursday, after mounting controversy surrounding his past romantic relationship with alleged Russian agent Maria Butina. Butina is now serving an 18 month prison sentence for conspiring to promote Russian interests through conservative U.S. political groups. Byrne’s statements on the matter have been vague and conspiratorial, including references to the “Deep State” and “Men in Black” who Byrne says drew him into “certain government matters.” He subsequently made detailed claims that the FBI directly encouraged his relationship with Butina circa 2016 as part of an investigation into Russian activities (claims dismissed by then-FBI director James Comey). Byrne says he’s resigning because these entanglements “may affect and complicate all manner of business relationships,” and that he’ll be “disappearing for some time.” This is the sort of weirdness you’d expect from the wild-west world of crypto-natives, not a public company valued at more than $1 billion as recently as a year ago. But Byrne was known as a bit of a loose cannon well before Bitcoin was invented, most notably for his aggressive (and also frequently conspiratorial) campaign against naked short sellers. (You can read _Fortune’s_coverage of those battles here.) This very enjoyable profile from Forbes dives into Byrne’s privileged and unconventional background—he has a PhD in philosophy from Stanford, and is apparently close friends with Warren Buffet through Byrne’s father. It also paints Byrne as easily distractable, and Overstock’s blockchain ventures as a boondoggle that’s destroying a once-profitable company. The boondoggle part might wind up coming true, but if Overstock’s blockchain efforts are a risky bet, they’re anything but a lark. I spent some time at the company’s headquarters in Salt Lake City this past spring, and with Medici, Byrne has built a team that’s both technically savvy and fairly unified in its deeply-held crypto-native worldview. Most notably, Medici is a hotbed of thoughtful skepticism towards government, with managers and coders ranging from left-wing anarchists to free-market libertarians. There are even signs that Overstock’s presence is helping turn Salt Lake City into a blockchain hub with its own unique feel—for instance, the Off Chain conference there caters to the overlap between crypto, firearms, and “prepping.” Byrne himself often described his worldview in libertarian terms, and he’ll be succeeded by Jonathan Johnson, who shares much of Byrne’s outlook on both politics and blockchain. Johnson is currently head of the Medici unit, and he’ll shoulder Byrne’s CEO duties on an interim basis. He’s a steady, composed counterpoint to Byrne’s swashbuckling verve, as well as a thoughtful strategist. Most significantly, his rise to the head job, even if temporary, signals that Overstock intends to stick with its blockchain bets. The question now is whether some of those bets hit before Overstock’s retail revenues fade. One final note: We’re running lean here at The Ledger this month, in part because Jeff Roberts is on book leave (look for his cryptocurrency magnum opus from Audible soon). That’s why they handed the reins over to me, the new guy. I recently joined the Fortune team from BreakerMag, a now defunct but much-loved blockchain-focused publication. In addition to reporting on the world of digital assets and decentralized technologies, I’ll be writing about A.I., Tesla, and other techie matters. I’ll also be authoring this newsletter every once in a while—hopefully, from here on out, with a header that actually has my name on it.Glad to know you. David Z. Morris |@davidzmorris| [email protected] * More Details Here
Patrick Byrne left the Overstock company last week but the company still remained crypto ambitious despite his departure. Let’s read more in the coming altcoin news below.. The ex-CEO made Overstock one of his first retailers ever to start accepting bitcoin way back in 2014 making it a pioneer in the industry. Der Overstock EPS (Earning per Share oder der Gewinn pro Aktie) in 2014 wird vermutlich zwischen 70-80 Cent liegen. 4 Cent davon entfallen allein auf Bitcoin-Umsätze, so der Unternehmer. “Wir wollen Bitcoin langfristig integrieren, es soll eine permanente Angelegenheit werden,” so Byrne zu Reuters und fügte hinzu: “Digitale Währungen wird es so lange geben, wie das Gesetz der ... Overstock greift auf Bitcoin-Zahlungen zurück. In einem offiziellen Statement gab Patrick Bryne, der CEO von Overstock, bekannt, dass das Unternehmen einen Teil der Steuern ab 2019 mithilfe der Kryptowährung Bitcoin bezahlen wird. Bereits seit längerer Zeit verfügt das Unternehmen über eine eigene Blockchain-Abteilung und treibt die Adaption von Kryptowährungen als Zahlungsmittel voran. BNB/EUR: Aktueller Binance Coin - Euro Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs BNB in EUR. Binance kündigt den Start ihrer Kreditplattform an. Anleger können auf ihre ungenutzten Krypto-Assets eine Rendite von bis zu 15 Prozent generieren. Zudem möchte Binance neue Kunden gewinnen und plant daher weitere Projekte und Services. Binance gehört nach Handelsvolumen zu den größten Handelsplätzen für Kryptowährungen weltweit. Subscribe to CoinDesk Newsletters — the best way to stay informed about how bitcoin, cryptocurrencies and digital assets are transforming the global financial system.
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