Joseph Lubin: Blockchain Will Be Most of the Economy in 10-20 Years, U.S. SEC Chairman Confirms ETH Is Not a Security, and Other News

Ethereum Co-Founder Joseph Lubin: Blockchain Will Be Most of the Economy in 10-20 Years

What did he say?

ETH co-founder Joseph Lubin said that he expects the global economy will be 10 times larger in 10 to 20 years, when blockchain is fully ramified, and blockchain will be involved in most of it
What else did he say?
He also reiterated the promises of Ethereum 2.0, stating that there are a lot of inefficiencies present in Bitcoin and the current version of Ethereum that Ethereum 2.0 won't have
Read more here

Binance's Official Crypto Wallet Adds Support for XRP and Credit Card Purchases

What is this all about?

The official wallet of leading cryptocurrency exchange Binance, Trust Wallet, has added support for credit card purchases and Ripple's XRP token
How would it work?
According to the press release, users can now send, receive, store and exchange XRP via Trust Wallet, which also supports Bitcoin, Ethereum, Litecoin and Bitcoin Cash, among others, and as well as any ERC20, ERC223 and ERC721 tokens
Details here

Bitcoin Pioneer Jeff Garzik Subpoenaed in $4 Bln Lawsuit Against Craig Wright

What happened?

Software engineer and Bitcoin pioneer Jeff Garzik has been subpoenaed by a United States District Court in connection with the $4 billion lawsuit against Craig Wright
What is this all about?
The official complaint states that Wright "forged a series of contracts that purported to transfer Dave's assets to Craig and/or companies controlled by him. Craig backdated these contracts and forged Dave's signature on them"
Read more here                                        

U.S. SEC Chairman Jay Clayton Confirms ETH Is Not a Security

What happened?

Jay Clayton, the U.S. Securities and Exchanges Commission chairman, has reportedly confirmed that Ethereum and cryptocurrencies similar to it do not qualify as securities
Why did this happen?
Citing a letter written by Clayton in March, nonprofit crypto research organization Coin Center reported that Clayton has agreed that a digital asset's definition as a security is "not static" and can change over time
Read more here

The Tipping Point: Kroger, Starbucks May Ignite Retail Crypto

What is this all about?

In this dedicated analysis, Cointelegraph looks at how big institutions like Kroger and Starbucks, which have shown an interest in cryptocurrencies, have paved the way for hope that crypto could eventually be integrated more seriously into retail payments
Read more here

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