Daily Crypto Roundup 10/31/2018

Today saw an interview with the mother of Ross Ulbricht, Coinbase head trader resignation, Janet Yellen receiving Bitcoin, and Coinbase saying no to an IPO for now – all on the tenth anniversary of Bitcoin’s whitepaper. Lets dive in!

Interview: Lyn Ulbricht (Ross’ Mother) On Bitcoin And Criminal Justice

Crypto Insider recently had the chance to interview Lyn Ulbricht. Ms. Ulbricht is the mother of Ross Ulbricht, who was convicted of running the online drug site “Silk Road”.

Ross’ conviction has been a highly debatable topic, as he received a double life sentence, plus an additional forty years for his actions.

Some members of the crypto community have expressed their disagreement with the sentence given to Ross. The list includes Charlie Lee (creator of Litecoin), as well as others.

Read on Crypto Insider 

None Of Us Would Be Here Without Satoshi Nakamoto’s “Bitcoin: A Peer To Peer Electronic Cash System”

Bitcoin’s whitepaper turned ten years old today. The unknown person or group named Satoshi Nakamoto published the Bitcoin’s whitepaper on October 31, 2008, giving an explanation of Bitcoin.

A group of several people supposedly put forth effort and ideas that helped in the creation of Bitcoin.

“By combining David Chaum’s ideal of an anonymous payment system, Adam Back’s Proof of Work consensus algorithm, Wei Dai’s cryptographic b-money concept, and Nick Szabo’s Bit Gold, Satoshi created a system which both economists and computer scientists can analyze in a state of utmost awe”, reported Crypto Insider.

Read on Crypto Insider

Coinbase’s Head Of Trading Resigns After Six Months On Job

Today saw news of Hunter Merghart pack it in, after only serving six months as head trader for Coinbase.

Merghart was hired by Coinbase executive Adam White, who also said farewell to Coinbase recently to claim the job of Chief Operating Officer for Bakkt. (The Intercontinental Exchange (ICE) recently publicized its plans to open a crypto trading platform named Bakkt, designed for institutional players.)

CoinDesk reports – “Merghart is leaving out of frustration that he wasn’t getting enough resources or clarity on the roadmap to building an institutional business, according to two people familiar with his reasons”.

Read on CoinDesk

Former Fed Chair Janet Yellen Is Now A Bitcoin Owner

Just yesterday the crypto public heard news of former U.S. Federal Reserve Chairman Janet Yellen expressing concerns about Bitcoin.

Today brings news that Yellen was apparently given about $20 worth of Bitcoin from Raz Suprovici. Suprovici founded Biterica – a platform that helps people give Bitcoin as a gift. CoinDesk reports this information, via an email they were able to find.

CoinDesk reports Yellen stating -“I did receive a gift of bitcoins this morning and have been very busy ever since so I’ve not looked into it further,” she wrote. Yellen further said that she did not have anything to add to her previous remarks about bitcoin this week”.

Read on CoinDesk

Coinbase Exec Denies Plans For IPO ‘Any Time Soon,’ Reveals Plans To Add Up To 300 Coins

The cryptocurrency space has been filled with recent rumors of a possible Coinbase Initial Public Offering (IPO) – especially after raising a recent $300 million.

Coinbase President Asiff Hirji denied those rumors today, stating there would not be an IPO in the near future.

Hirji did however, speak on further crypto asset listings, stating: “We offer seven [cryptocurrencies], so you should expect us to go from seven to that total number we think is worth it [200 – 300] over the next year or so.” …“Some things will be offered in the U.S., but more things will probably be offered outside the U.S.”, reported CoinTelegraph.

Read on CoinTelegraph

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