Cointelegraph has compiled today’s key events in the crypto world. In a nutshell, Jason Calacanis, a prominent angel investor, sparked a debate within the Bitcoin community, while Pavel Durov, the founder of Telegram, relocated from France to Dubai after receiving approval from a French court. Moreover, David Sacks and his venture capital firm offloaded over $200 million in crypto and crypto-related stocks prior to his White House tenure.
Jason Calacanis, an early investor in Uber, ignited a firestorm in the Bitcoin community by suggesting that Bitcoin will inevitably be supplanted by something superior. Calacanis, who has a following of 981,600 on Twitter, stated on March 14 that while Bitcoin has been a fantastic game, it’s time to “construct a superior Bitcoin”.
The claim was swiftly refuted by Bitcoin company founders and executives, who argued that Bitcoin will not be replaced, but there is room for a dominant layer-2 protocol to emerge on the Bitcoin network. Brady Swenson, co-founder of Swan Bitcoin, remarked, “Successful protocols aren’t replaced; they are built upon.”
In other news, Pavel Durov, who founded the popular messaging app Telegram, has relocated from France to Dubai following a French court’s approval. Dubai, known for its business-friendly environment and non-extradition agreements with numerous countries, welcomed Durov on March 13, as reported by Barron’s citing anonymous sources.
David Sacks and his venture capital firm divested over $200 million in crypto and related stocks before his White House tenure, according to a White House memo. The memo noted that “significant measures” were taken to minimize potential conflicts of interest before Sacks took on his role as White House AI and crypto czar, a critical part of which is to assist in the creation of a legal framework for the crypto industry. All “liquid cryptocurrency” from Sacks’ portfolio, as well as from the Craft Ventures portfolio, was liquidated before Donald Trump’s inauguration on Jan. 20.
