Ryan Selkis: ETH may be more valuable than BTC

Ryan Selkis, CoinDesk's Managing Director, claims that ETH may be more valuable than BTC now
29 August 2017   2033

Ryan Selkis, CoinDesk's Managing Director and one of the significant members of crypto social media community, has posted a tweet concerning the value of two top cryptocurrencies. Thus, the man claims that Ethereum may be more valuable than Bitcoin is now.

Selkis also adds in the comments that his "BTC is getting largely reallocated to XMR/ZEC". 

On top of that, CoinDesk's Managing Director touches upon the SegWit2x topic saying that "he's afraid 2x will succeed, or if it fails miners will attack Core chain". Cryptocurrency Security Consultant, Sergio Demian Lerner, remarks on SegWit2x:

What gives Bitcoin value is that if it is attacked, and it does not withstand the attack, there are some devs that will fix it quickly. We're waiting until the bcash/2x/core fork saga clears a bit to launch the platform. A peg cannot withstand a split.

Sergio Demian Lerner
Cryptocurrency Security Consultant

Charlie Lee, the Litecoin creator also known as one of the most honest developers in the cryptocurrency world, also comments on the post suggesting launching "it on Litecoin first as they can help test it out and have no fork drama".

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions
18 July 2018   9

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.