Roundup – 03/04/2019 – Elon Musk Became CEO of Dogecoin & more

Elon Musk Becomes CEO of Dogecoin

On the first of April the popular @dogecoin twitter account started a poll on who should become the CEO of Dogecoin. The suggestions were Vitalik Buterin, Charlie Lee, Elon Musk and Marshall Hayner. When the poll’s winner seemed to become Elon Musk with 49%. Another user tweeted this to Musk to which he answered:

Elon Musk tweeted some memes about Dogecoin in the following hours and his profile on Twitter even said “CEO of Dogecoin” for while. However, he has already changed it to “Former CEO of Dogecoin”. A belated April Fools prank.

Small German Bank Is Now 30% Owned By Crypto Companies

The three crypto companies that own the WEG Bank are Nimiq, TokenPay and the Litecoin Foundation. TokenPay bought stake in the small bank in Q3 last year already and Charlie Lee even joined the bank’s board. The partnership between Nimiq and the bank provides Nimiq’s innovative payment system with liquidity. The bank connects Nimiq’s solution with Europe’s SEPA (Single Euro Payments Area). In a blog post from February, Nimiq described the disruptive potential of this fusion.

Ernst and Young: QuadrigaCX Should File as Bankrupt

Currently, the crypto exchange QuadrigaCX is undergoing a restructuring process and enjoys creditor protection. Ernst and Young, the audit firm that currently monitors the case, stated recently that the exchange should file instead as bankrupt. According to Ernst and Young’s report, filing under the Bankruptcy and Insolvency Act (BIA) has many advantages. The court could speed up the process and save costs for the case. Also, the sale of assets that belong to QuadrigaCX could be initiated.

Austrian Economics Minister: Blockchain Needs No Regulation

The Austrian Economics Minister Margarete Schramböck has denied that blockchain technology requires regulation. Schramböck made the statement during the ANON Blockchain Summit in Vienna. However, this statement does not concern cryptocurrencies. The minister has worked for the mobile service provider A1 before. A fact that positively influences her when she said that Europe has “a strong tendency to overregulate”. She further commented that blockchain has the potential to speed up processes in B2B-relations. A strength of European enterprises. In addition to that, she announced that she will engage in implementing blockchain in the Austrian administration.