“Makara Pulls The Plug on tZERO”
After a long courtship, Overstock’s security token platform, tZERO, has lost another potential investor. “Makara will not be investing in tZERO right now,” Interim CEO Jonathan Johnson said during the Overstock investor call on Monday. Johnson did mention that the Singapore-based fund will keep an eye on tZERO and possibly reconsider its decision in the future. It was Johnson’s first investor call since taking the helm of the e-commerce company last week. Overstock founder Patrick Byrne abruptly resigned from the company on Aug. 22 following an earlier admission of a romantic relationship with Maria Butina, the Russian spy currently serving 18 months in federal prison. As for Makara, the fund’s departure appears to be the final nail in the coffin for a much-touted investment that considerably dwindled in size over the course of 2019.
“US Authorities Nab A Crypto Scamster”
The United States authorities indicted a 25-year-old man last Friday for exchanging $25 million in cash and crypto obtained from illegal activities using his unlicensed money transmitting business. The court documents detailed that Kalra operated a virtual currency exchange in the US without obtaining any permission from the authorities from May 2015 to October 2017. He exchanged fiat currencies into Bitcoin and vice versa and only dealt with high-volume clients who were willing to pay a fee of at least $5,000.
“Ethereum Foundation Announces Grants For ETH 2.0 Researchers”
The Ethereum Foundation has unveiled a new round of funding for the development of Serenity or ETH2.0, which will bring Proof-of-Stake, sharding, and other scaling solutions to Ethereum. According to a blog post from the foundation, in recent months, it, along with Protocol Labs and ConsenSys, has “granted substantial awards to leading client development teams currently tasked with delivering long-standing multi-client testnets as development approaches the launch of Phase 0.”
“Waves DEX To Support ERC20 Token Trading”
Blockchain platform Waves has added support for Ethereum-based (ETH) ERC-20 compliant tokens to its decentralized exchange (DEX). The platform announced the new feature on Aug. 22, and hopes it will have a positive impact on the crypto community. Recently, the Waves team also launched a new gateway with support for Vostok and Ergo tokens.