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In todayâs Bitcoin in Brief we are focusing on some truths that have been uttered recently in regards to the latest attempt by authorities in New York to cross borders, when it comes to crypto controls and regulations. Also, crypto T-shirts, inspired by digital aesthetics, have been put on sale. Do you want to know why their design is a bit old-fashioned? Crypto markets are to blameâŠ
Also read: Bitcoin in Brief Thursday: ICO Scares Investors with Ghost Prank
Speaking from Crypto Perspective
Kraken CEO, Jesse Powell, has been praised for saying what many in the crypto community have been thinking about the latest actions by authorities in New York. The stateâs Attorney General, Eric Schneiderman, has sent letters to 13 crypto exchanges as part of his inquiry into policies and practices employed by the trading platforms. âConsumers have the right to transparency and accountability when they invest,â Schneiderman said, adding that many cryptocurrency traders do not have access to the âbasic factsâ needed to assess the integrity and security of these platforms.
Not complying with Schneidermanâs probe, Jesse Powell has refused to complete the questionnaire, and instead respond with strong-worded language. âKrakenâs Bitlicense prompted exit from New York in 2015 pays another dividend today. When I saw this 34-point demand, I immediately thought âThe audacity of these guys â the entitlement, the disrespect for our business, our time! [âŠ] I realized that we made the right decision to get the hell out of New York,â he said in a Twitter post. Krakenâs chief executive was referring to the controversial licensing regime for crypto companies in the state.
Thanks for the Ethical Stance!
In his post, Powell also said that his company would be happy to help government understand the business, but âthis is not the way to go about it.â âWhen is it going to be enough for New York? We did all this once already, and then you gave us the Bitlicense [âŠ] This âquestionnaireâ we received today proves that New York is not only hostile to crypto, it is hostile to business,â he stated. âSomebody has to say what everybodyâs actually thinking about the NYAGâs inquiry. The placative kowtowing toward this kind of abuse sends the message that itâs ok. Itâs not ok. Itâs insulting,â Kraken CEO tweeted.
Powellâs comments received support from colleagues and members of the whole community. âJesse â thank you for taking the ethical stance and speaking up for whatâs rightâ, Shapeshift CEO Erik Voorhees wrote on Twitter. âCrypto has brought more transparency to finance and protection to consumers than the last 100 years of bureaucratic nonsense that has spilled from the sewers of New York,â he said.
From Crypto Truths to Crypto T-shirts
A âCrypto T-shirtâ is now available from The Hundreds. As they say, itâs âinspired by digital aesthetics and iconography, featuring graphic flips on cryptocurrency logos, services, and sitesâ. The T-shirts can be ordered online. They take cryptos for the limited edition. You can buy yours with any of the following digital coins: Bitcoin Cash, Bitcoin Core, Litecoin, and Ether. However, keep in mind that itâs available for purchase only through a Coinbase account.
According to the productâs description, the back print is a Bitcoin flip, rendered in wire frame, and with the RGB color spectrum used in the representation of images in electronic systems. The graphs refer to the rise and fall of the mentioned cryptocurrencies. The currently available designs on the T-shirt, however, depict a drastic drop. The message is a bit outdated, as it doesnât represent what we are currently witnessing in the markets. Bitcoin is now trading well over $8,000 USD, while Bitcoin Cash just crossed the $1,000 dollar mark.
Exciting Things Happening With Brave Browser
Privacy web browser Brave Software and Dow Jones Media Group have just announced a partnership through which the companies aim to test blockchain technology in digital publishing, among other exciting plans. Under the agreement, Brave will provide access to premium content from Dow Jones to a limited number of users who download the Brave browser. The available content set features full access to Barrons.com or a premium Marketwatch newsletter.
The companies intend to experiment with blockchain-based technologies in media and advertising. A number of innovative solutions in the news and information space will be tested. Content will be delivered via Braveâs blockchain-based digital advertising and services platform. Under the agreement, Barronâs and Marketwatch, both Dow Jones Media brands, will become verified publishers on the Basic Attention Token (BAT) platform, developed by Brave.
Do you think Kraken CEO Jesse Powell did the right speaking out about NYAGâs inquiry? Share your thoughts on the subject in the comments section below.
Images courtesy of Shutterstock.
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The post Bitcoin in Brief Friday: Truths, T-Shirts, Things That Matter appeared first on Bitcoin News.
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