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US Congresswoman Reveals She Bought Ether and Litecoin Last Year

Us congresswoman reveals she bought ether and litecoin last year

US Congresswoman Reveals She Bought Ether and Litecoin Last Year

Us congresswoman reveals she bought ether and litecoin last year

U.S. Representative Tulsi Gabbard of Hawaii bought litecoin and ether late last year, a recently-published financial disclosure shows.

In a Financial Disclosure Report filed on August 14, Gabbard revealed that she bought more than $1,000 in ethereum and litecoin last December. The specific amounts of each token that she bought were not disclosed, though the form noted that her holdings for each are between $1,001 and $15,000 under the “Assets and ‘Unearned’ Income” category.

Both ethereum and litecoin also appeared under the “Transactions” category, confirming that she bought the tokens on Dec. 12, 2017. Ethereum’s price reached a high of $659 and a low of $526 on that day, according to data from CoinMarketCap. At press time, it was trading at roughly $278.

Similarly, litecoin traded at a low of $230 and a high of $339 on that day, while trading at $55 as of press time.

Gabbard’s disclosure noted that she did not make capital gains greater than $200 on either token.

She joins Virginia Representative Robert Goodlatte in owning cryptocurrencies, who revealed in a similar filing that he had bought bitcoin, bitcoin cash and ethereum. In his filing, Goodlatte stated that he bought between $1,001 and $15,000 in bitcoin cash and ethereum, and more than $15,000 in bitcoin.

Goodlatte declared no income from his cryptocurrency holdings.

A request for comment to Gabbard’s office was not immediately returned.

Hat tip Neeraj Agrawal

Tulsi Gabbard image via Lorie Shaull / Flickr

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Published at Wed, 22 Aug 2018 17:48:21 +0000

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District0x: A Network for Decentralized Marketplaces and Communities

Global startup District0x is building a network for decentralized markets and communities, powered by Ethereum, Aragon and IPFS.


The DAO Hack

A year has passed since the fatal DAO hack, which managed to steal $50million from the smart contract. Since then the cryptocurrency market has grown to a staggering $109 Billion market.

District0x is aiming to prevent a similar or worse hack, by creating a network for decentralized markets and communities, secured with Ethereum, Aragon and IPFS.

District0x info graphic

Securing Smart Contracts

Most people in the cryptocurrency community blame the DAO hack on the lack of proper security audits of its smart contract. District0x’s goal is securing smart contracts with its own network. Organizations can create smart contracts that are going to be secured and certified by the Distric0x network.

According to the District0x team, platforms that use a district0x smart contract will exist as decentralized autonomous organizations on its own network.

Aragon Governance

District0x

Aragon is a unique platform that allows the deployment of decentralized and virtual organizations. The platform is used to create a “mirror” identity for specific districts, with all of the governance and decision-making of these districts is taking place on the Aragon platform.

The District0x network is used by a decentralized job market called Ethlance. This job market allows freelancers to work for Ethereum.

The District0x  Token

On July 18, 2017, the District0x team is planning to launch an ICO for its official network token. These tokens are powering the official district0x smart contracts.

The development team is planning to take a different approach for its token distribution than other projects have done in the past. It is planning to host 3 contributions rounds for its network token. According to the official website, 1 Billion DNT tokens will be distributed in total.

District0X will complete several key milestones before launching the first round of contributions, including:

  • Release final draft of white paper
  • 3 outside audits of the district0x contract

What are your thoughts on this project? Do you think that it will prevent similar hacks like the DAO one? Let us know in the comments below!


Images courtesy of  District0x 

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