Telegram drops legal dispute against SEC over TON project; Binance CEO: "Steem is too centralized"
Telegram Announces Withdrawal From Legal Dispute Against SEC; Zhao Changpeng Binance categorizes Steem as a highly centralized and network.
Telegram abandons SEC legal dispute over TON project
The executives of the operating company of one of the popular messaging applications for mobile devices, Telegram, reported that they officially abandon the legal battle in courts against the US Securities and Exchange Commission (SEC) for the Blockchain TON project .
According to information published by various digital news media, Telegram reported last Friday that it was withdrawing the appeal of the judicial decision in which they favored the SEC, where they prohibited the issuance and commercialization of GRAM tokens for investors inside and outside the United States. USA
With this measure, Telegram agrees to dismiss the case without incurring any type of damage , which officially closes the legal dispute between the company and the regulatory body. However, it is unknown if there are intentions to present other appeals for protection later.
The announcement comes after several months of disputes between Telegram and the SEC, the body that introduced a ban on the marketing of the GRAM token days before it officially went to market. Analysts point out that this could be a clear precedent for Facebook's situation with Libra, an initiative that also found a strong negative by regulators both in the US and in other countries.
Binance CEO : "Steem is too centralized"
Binance CEO Changpeng Zhao (CZ) indicated that Steem's network is currently too centralized, so the exchange is under an obligation to support the proposed Hard Fork for its Blockchain and thus allow users to withdraw their tokens .
In a publication in the official blog of Binance, the CEO of the platform said that everyone is very much against the idea of invalidating funds users, but not to support this initiative mean leaving unpunished theft of $ 6.3 million platform tokes.
According to CZ, the possibility of a Hard Fork invalidating user funds shows how centralized the network is:
Deleting the registration of people's tokens goes against the spirit of Blockchain and decentralization. The fact that this can happen in such a network only means that it operates too centrally.
With these words, some suggest that the CEO of Binance invites users to withdraw their Steem tokens just so that they do not get caught up in the ongoing dispute. Critics still argue that this Hard Fork is part of Justin Sun's plans to take away voting power from key members of the ecosystem, who collaborated in creating a new network called Hive.
Vitalik Buterin: "Stablecoins can serve to transfer value between different Blockchain"
The co-founder and main developer of the Ethereum network , Vitalik Buterin, indicated that stablecoins ( cryptocurrencies whose value is associated with the US dollar), could serve to facilitate the exchange of value and interoperability between different Blockchain networks .
In a series of messages published last week through his Twitter account, Buterin explained that these assets could be very useful, and become a kind of bridge to make instant exchanges between assets belonging to different networks.
For his part, the developer Udi Wertheimer indicated that similar solutions already exist, and one of them is operated by Binance with the Tether cryptocurrency , since it is possible to deposit the funds that run on the Ethereum network there , and withdraw the equivalent in the versions for the Omni or TRON network. He also indicated that many would agree with these types of centralized solutions as long as they were fully functional and practical to use.
Although many projects have great commercial and technological value within this ecosystem, many critics assure that the main problem is the lack of interoperability between these networks, which represents important barriers for those interested in transferring value and taking advantage of the great potential that the crypto assets in general.
Original Bitcoin network miner lists Craig Wright as a fraud
A miner who has been operating in the Bitcoin network since its inception signed 145 addresses reflected as the property of Craig Wright, the self-proclaimed Satoshi Nakamoto , with a cryptographic message , labeling him a fraud and a liar.
According to information published by Twitter user @ Zectro1, the miner in question wrote the following at the addresses registered under Wright's ownership:
Craig Steven Wright is a liar and a fraud. He does not have the keys to sign this message ...
Community enthusiasts see this event as new evidence that Wright is not the creator of Bitcoin, precisely because it puts on the table the impossibility of the programmer being able to sign a message that proves to be in control of the private keys associated with said accounts.
Wright is currently facing legal proceedings in court against the brother of his late partner, Ira Kleiman, who is seeking multi-million dollar compensation and the intellectual property rights associated with Blockchain technology in court. The plaintiff accuses the programmer of having taken possession of funds that did not correspond to him, and of the fact of illegally managing the company that they had together.