TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. ISIS to use Monero for fundraising. Jim Rogers fears the government will terminate cryptocurrencies. Cobra fires Bitcoin.org maintainer over ownership claim. COMP now available on Coinbase Earn. Ava Labs closes $12 million private sale, and Ebang share price slides on IPO.
ISIS Fundraising Moved to Monero
With the awareness we created worldwide, and thanks to our global collaborations, we were able to push ISIS out of the Bitcoin Blockchain pic.twitter.com/7bDjSH5UTT
— whitestream – Blockchain Intelligence (@whitestream5) June 25, 2020
ISIS, the terrorist organization, moved its donations and fundraising from bitcoin to Monero to protect their anonymity and funds, according to Whitestream, an Israeli blockchain analytics firm. On the website of ISIS, there is now a message informing they moved donations to only receive Monero, a privacy-based cryptocurrency. Whitestream also noted the organization consolidated some of their latest donations into just one Bitcoin address, presumably to exchange it for Monero.
Jim Rogers Fears Governments Will Terminate Cryptocurrencies
Jim Rogers, the legendary Quantum Fund investor, warned about the dark future cryptocurrencies might face if these really progress to surpass their fiat counterparts. “If the cryptocurrency succeeds as real money, rather than the subject of gambling as it is today, the government will make the cryptocurrency illegal and eliminate it,” Rogers declared to Japan-based Aera Dot. In this regard, ex-National Security advisor John Bolton in his memoir also stated President Donald Trump told him to “go after Bitcoin.”
Cobra Fires Bitcoin.org Maintainer Over Ownership Claim
Cobra, the anonymous owner of Bitcoin.org, fired maintainer Will Binns due to a disagreement that has led to an ownership claim. Cobra stated he removed Binns because he “claimed that his work contributing to bitcoin.org conferred on him more authority than what I had agreed with him.” After being fired Binns declared the domain was “compromised,” calling to set up a legal fund and the help of experts, to stop what he thinks is the illegal transfer of the domain without due process.
COMP Now Available on Coinbase Earn
COMP, the official governance coin of the Compound protocol, is now available on Coinbase Earn. Users of the platform will be capable of earning COMP rewards for learning about its use and the connection the token has with the Compound protocol. COMP was listed by Coinbase last week, and its price skyrocketed along with the total locked value in the lending/borrowing platform presumably by users “farming” to receive part of the COMP being delivered as dividends.
AVA Labs Closes Private Sale of $12 Million AVAX
Ava Labs, the developer of base layer Avalanche, sold $12 million worth of Avalanche (AVAX), their official token, during a private sale preceding the public token offering beginning July 8th. The private sale was led by Galaxy Digital, Bitmain, Initialized Capital, NGC Ventures, Dragonfly Capital, and other investors. Avalanche, headed by Cornell professor Emin Gun Sirer, is being promoted as an Ethereum replacement with a different consensus algorithm that facilitates fast transactions for decentralized app environments.
Ebang Share Price Slide on NASDAQ IPO
The price of the shares for Ebang, the Chinese ASIC manufacturer, dropped to the middle of its initially proposed range ($4.50 – $6.50), trading at $5.23 during the first day of trading, losing 4.4% of its proposed value, according to Renaissance Capital. The company is offering 19.3 million shares, following the footsteps of Canaan, another cryptocurrency mining company, that presented its IPO last year with a lackluster performance after only managing to raise $90 million of a proposed $400 million.
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