In the present day in crypto, angel investor Jason Calacanis stirred controversy within the Bitcoin neighborhood, Telegram founder Pavel Durov left France and relocated to Dubai following approval from a French courtroom. David Sacks and his enterprise capital agency offered over $200 million in crypto and crypto-related shares earlier than working for the White Home.
Uber angel investor stirs Bitcoin debate with ‘construct a greater Bitcoin’ comment
A expertise investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin neighborhood after claiming Bitcoin will inevitably get replaced by one thing higher.
“Bitcoin has been a beautiful sport, however with a few big gamers cornering the market, the timing is correct to “construct a greater Bitcoin” — restarting the sport,” distinguished angel investor and web entrepreneur Jason Calacanis informed his 981,600 X followers on March 14.
Founders and executives of Bitcoin-related firms have been fast to push again, arguing that Bitcoin is not going to get replaced, although there’s nonetheless room for a dominant layer-2 protocol to emerge on high of the Bitcoin community.
Swan Bitcoin co-founder Brady Swenson stated, “Profitable protocols don’t get changed; they’re constructed upon.”
Telegram founder Pavel Durov given permission to depart France
Pavel Durov, founding father of the favored messaging app Telegram, has left France and relocated to Dubai following approval from a French courtroom.
On March 13, Durov reportedly obtained permission from the French courtroom to depart the nation, permitting him to journey to Dubai — a metropolis identified for its business-friendly surroundings and lack of extradition agreements with many countries — in line with a Barron’s report citing unknown sources.
Citing unnamed sources, AFP reported that “He (Durov) departed France this morning,” including that he left with the authorities’ approval. One other supply acknowledged that he had been granted permission to depart France for “a number of weeks.”
Sacks and his VC agency offered over $200M in crypto and shares earlier than WH position
David Sacks and his enterprise capital agency offered over $200 million in crypto and crypto-related shares earlier than he commenced his position because the White Home AI and crypto czar, a White Home memorandum disclosed.
“You and Craft Ventures have divested over $200 million of positions associated to the digital asset business, of which $85 million is instantly attributable to you,” stated the memorandum dated March 5.
The memorandum stated “vital steps” have been taken to scale back potential conflicts of curiosity earlier than Sacks started his tenure because the White Home AI and crypto czar — during which a significant a part of his position is to assist create a authorized framework for the crypto business.
Sacks offloaded all of the “liquid cryptocurrency” in his portfolio, in addition to Craft Ventures’ portfolio — the funding agency he co-founded in 2017 — together with holdings in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), earlier than US President Donald Trump’s inauguration on Jan. 20.