Wolf Crypto News – Telegram
Wolf Crypto News
3.35K subscribers
1.12K photos
37 videos
12 files
2.96K links
Wolf Crypto News
Download Telegram
Interesting PR release from Bitfinex. Seems like every exchange is getting some FUD at the moment. Bitfinex has come out swinging on this one using phrases like "We fully expect mercenary lawyers to use this deeply flawed paper to solicit plaintiffs for an opportunistic lawsuit".

Wouldn't mind some cheap USDT right now. Anyone remember the tether FUD from last year where it dropped to the low 90's?

https://www.bitfinex.com/posts/423
The world is a meme...

https://mcafeedex.com/
Facebooks Libra platform has already been "forked"

Open Libra was just presented at Devcon. Includes a VERY fresh Github...

Quite a few names from Cosmos involved but one wonders what the point of this is, consdering the appeal of Facebook's version of Libra was their massive userbase...

In before OpenLibra starts trying to raise funds...

https://www.openlibra.io/
Wolf Crypto News
Facebooks Libra platform has already been "forked" Open Libra was just presented at Devcon. Includes a VERY fresh Github... Quite a few names from Cosmos involved but one wonders what the point of this is, consdering the appeal of Facebook's version of…
Just an FYI on this. One of the founders of OpenLibra is Lucas Geiger. Lucas raised $20M for an ICO called Wireline in 2018. Wireline have since failed to deliver a product or even distribute tokens, tokens which were promised in Q2 2018. Their Telegram group is dead and the team has stopped communicating to investors. Requests from investors regarding status updates on the project in their Telegram group are told to check Twitter instead. Their Twitter account is now shilling OpenLibra.

Don't you just love it when founders raise money for a project, don't deliver a product or a token and start working on another one? Like we said in the previous post, in before there is a raise for OpenLibra...
Sergey Nazarov from LINK at Devcon 5

Chainlink will be launching 7 new price reference data oracle networks on the Ethereum Mainnet for popular assets such as BTC, DAI, USDC, ZRX, REP, WBTC, BAT in addition to the already live ETH.

The new price reference data oracle networks are designed to give back to the Ethereum community & to grow the DeFi ecosystem by giving developers easy access to high-quality pricing data that has been verified by the most decentrally secure oracle network.

https://www.youtube.com/watch?v=eePZhhoNkY4
While BTC has been recognised as a commodity for some time, the CFTC is now saying the same of ETH, which considering the way it was created and distributed, via a public sale and minting of initial tokens, is pretty huge news in the scheme of things.

There's a precedent being set here in this quote -

Tarbert also gave insight on how he and the CFTC view coins created through initial coin offerings (ICOs). He believes it is possible for a new coin to start out as a security but eventually become a commodity. “You can have a situation where something in an initial coin offering is a security initially, but over time, it gets more decentralized, and there's a tangible value there, so you can have things that change back and forth.”

This leaves the door open for any shitcoin to eventually mature and become a commodity...
Wolf Crypto News
The OpenLibra website has already been updated! Yesterday it included a list of their "core team and community". Today all these names have been removed... Nothing suss here... https://web.archive.org/web/20191009060012/https://www.openlibra.io/ ht…
We breaking news on here before CoinDesk these days (not really a major feat considering CoinDesk is the gutter journalism of crypto journalism, but hey, small victories...)

Four individuals and organizations have disavowed the OpenLibra project, which was unveiled Oct. 9 at Devcon. Others say the extent of their involvement was overblown.

“I showed up to one community call for OpenLibra. I didn’t really do anything after that,”
Sunny Aggarwal, core developer at Tendermint Inc.

“I wasn’t asked before my name was used on the slides.”

Sounds like Sergey from ChainLink wasn't too keen on having his name attached to this project either...

This totally comes across as 2017 ICO tactics. How many times in 2017 did we find out an ICO had fake associations with team members, advisors and partners?

https://www.coindesk.com/members-of-openlibra-disavow-project-days-after-its-devcon-unveiling
“We allege that the defendants have failed to provide investors with information regarding Grams and Telegram’s business operations, financial condition, risk factors, and management that the securities laws require.”

Sounds pretty weak really...This doesn't seem to be halting the sale at all, which has already been completed, but the launch of the network itself.

What makes this extra interesting is that there is a clause in the TON SAFT that states Telegram must give back funds raised if they don't distribute the first batch of tokens by October 31st.

Pavel from Telegram has proven in the past to be quite happy to give a middle finger to governments worldwide. Considering they raised $1.7b and EOS recently paid $24m on their ~$4b raise, kind of expecting him to say fuck it, launch the network anyways and pay the relatively small fine after. What's the old saying? "It's easier to ask forgiveness than it is to get permission".

https://www.sec.gov/litigation/complaints/2019/comp-pr2019-212.pdf