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Michael Nye Weekly Crypto Update #3

Weekly crypto news summary.

What happened, another week went by? 😲 No one told me! Alright let’s recap all the events that went down.

Overstock and Bitcoin Supporter Steps Down

The CEO of Overstock stepped down from his position yesterday amidst revealing that he was involved with a Russian spy. In a stunning interview the Bitcoin supporter spoke on Fox News explaining his role in the investigation and other similar operations in which he worked closely with government agencies to help uncover espionage plots targeting several high-ranking government officials 👮‍♂️ 🚓.

He explained his departure from role as CEO was to separate himself from the company.

In recent years Patrick has been heavily involved in a number of blockchain projects including tZero, Medici Ventures and Ravencoin.

FDA Looking into Blockchain 💊

In a presentation yesterday, the principal deputy commissioner Dr. Amy Abernethy stated that the FDA may use blockchain in facilitating regulatory procedures, recalls, and health care providers.

“Traceability back to source allows for the ability to crosscheck, workflow solutions.” Blockchain was listed along with AI and API’s in order to modernize and streamline the FDA’s cumbersome process.
The new system is designed to increase the speed of approvals, access to communications, and strengthen supply chain security with developed drugs and equipment.

The current waiting period for FDA drugs to pass the priority review process is currently at least 6 months. The new system is set to rollout in 1-2 months.

“Satoshi” Allegedly Revealed 🤔

The alleged creator of Bitcoin, Satoshi Nakamoto, has come forth and revealed his identity as James Bilal Khalid Caan. The Pakistani-born programmer and cryptographer has released a three-part article on the Satoshi Nakamoto Renaissance Holdings explaining his origin story, collaboration with Hal Finney, and the fact this his private keys to the 980,000 mined Bitcoin have been lost forever. The culprit: a faulty Fujitsu drive that was swapped out by a computer tech.

Using publicly available data, James published “proof” that he is the creator of Bitcoin, and that he has plans for Tabula Rasa, or his new version of Bitcoin which will be revealed later this week.
After reading all three articles, they are interesting works of fan-fiction but there is nothing definitive that shows James is actually Satoshi Nakamoto. This author stands by his opinion that this is an elaborate ICO marketing pitch 👎.

Binance US on Schedule to Launch 📅

CEO of Binance, CZ, has stated that the US portal for Binance could open ahead of schedule. US customers will be barred from using Binance on September 12th, but will be able to use the US version which may release in October or November.

The US version will feature roughly 30 coins and tokens upon launch, a far cry from the 150 which are offered on Binance today. This drop in trading pairs is a result in Binance working to become compliant in all US laws and regulations.

Where Ya Boi At? 🌎

The week Ya Boi is walking around Poland telling people to stack those sats!

Nye’s been wheeling and dealing, making those networking connections at all the conferences during the Global Rewired Tour.

Thanks to the MXCfoundation for hosting Ya Boi!

The Crypto-World keeps on spinning like a whirling dervish, and so do I. Keep our channel on alerts so you don’t miss our weekly updates. As always listen to the latest podcast at www.evolvement.io, we have big plans for its future.

“Let’s Fucking Go!”


  Article written by: Twitter https://twitter.com/kaltoro_

Michael Nye  Follow Nye on Twitter: Twitter https://twitter.com/MrMichaelNye

  Follow Evolvement podcast: Twitter https://twitter.com/EvolvementCast

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