Search Results for "sequoia"
Peter Schiff Criticizes Sequoia Capital's Employee BTC Plans, Says It's An Attempt to "Sucker in Buyers"
Bitcoin's price downtrend has caused Peter Schiff to criticize Sequoia's employee remuneration scheme based on Bitcoin.
Goldman Sachs' Yuan Crash Forecast Could Affect Bitcoin Price, Bull Run Ahead?
Goldman Sachs is expecting the Chinese yuan to fall to its lowest since 2008 in the coming months due to the existing US-China trade war, and now the US potential sanctions on China over its feud over Hong Kong. US President Donald Trump has announced earlier that he will be looking to end preferential treatment for Hong Kong in terms of trade and visa-free travel, due to the new security law for Hong Kong approved by Beijing. The yuan has been forecasted by Goldman Sachs to fall to 7.25 per dollar during the next three months before recovering to 7.15 per dollar over six months, then to 7 per dollar in the next year. As the firm sees the yuan falling to its 2008 low, the potential for Bitcoin to experience an explosive price rally has been raised.
Telegram Issues Letter to Investors After SEC Files Restraining Order and Sets Hearing on Oct. 24
Telegram Open Network (TON) developers responded to investors in a letter regarding the United States Securities and Exchange Commission (SEC) announcing that the GRM token offering was illegal. GRM is a native currency of TON, the blockchain platform that aims at facilitating payments and hosting decentralized applications (DApps).
China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency
At the Thirteenth National People’s Congress held in Beijing China, the parliament passed a new civil code that protects the civil rights of inheritance, marriage, property, personality, and contract infringement. According to Lixin Yang, a professor at Renmin University of China, the civil code states that “When a natural person dies, the legacy is the personal legal property left by she/he.” Personal legal property in this case also means “internet property” including virtual currencies. Chinese citizens will be able to leave their cryptocurrency and virtual assets to their heirs, coming into effect on January 1, 2021.
Sequoia Software Firm to Pay Employees in Bitcoin
United States-based Sequoia Software Firm is the latest to offer its employees the option to receive part of their salaries in Bitcoin.