By Chris Hollingworth 
Today in the world of cryptocurrency, notable figures have made headlines. Angel investor Jason Calacanis has sparked controversy within the Bitcoin community by suggesting that Bitcoin may eventually be replaced by a superior alternative. Calacanis, known for his early investment in Uber, expressed his belief that the current market dominance of a few key players presents an opportunity to “build a better Bitcoin.” This statement has drawn mixed reactions from founders and executives of Bitcoin-related companies, some of whom argue that Bitcoin’s position as a leading protocol will endure, while others suggest the potential for a new layer-2 protocol to complement the existing Bitcoin network.
In another development, Pavel Durov, the founder of the popular messaging app Telegram, has recently relocated from France to Dubai. This move follows approval from a French court, allowing Durov to depart the country. Dubai’s reputation for being business-friendly and its lack of extradition agreements with many nations make it an attractive destination for individuals seeking a favorable environment for their ventures.
Meanwhile, David Sacks, a prominent figure in the venture capital space, and his firm have made significant divestments in the cryptocurrency and crypto-related stock market. This move, involving over $200 million in assets, took place prior to Sacks assuming his role as the White House AI and crypto czar. The divestments were disclosed in a White House memorandum, which highlighted the steps taken to mitigate potential conflicts of interest before Sacks officially began his responsibilities. The actions included the sale of all “liquid cryptocurrency” holdings in both Sacks’ personal portfolio and Craft Ventures, the investment firm he co-founded. These holdings encompassed assets such as Bitcoin, Ethereum, and Solana, underscoring a commitment to transparency and regulatory compliance in Sacks’ new governmental role.
