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UK Court Rules Craig Wright Has No Copyright Claim On Bitcoin

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The ruling is the latest in a string of court cases that have ended with a decision against Craig Wright.

A United Kingdom court has ruled against Craig Wright, indicating that he has no copyright claim over Bitcoin’s code.

According to the Tuesday ruling, Wright’s claim that the formatting of Bitcoin blocks is his intellectual property failed in the court of law, due to the inability to demonstrate what is known as “fixation.” Fixation describes the ability to show the first recording of a piece of work, which Wright could not do.  Read more...

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Crypto Assets Are Not Financial Products, Aussie Executives Claim

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Crypto regulation has been receiving growing interest in different jurisdictions recently. While some countries maintain rigid digital assets control, some outrightly banned their usage. 

Currently, crypto regulation in Australia is passing through heated arguments. Some of the country’s top government officials want to classify crypto as financial products, while some crypto executives refute it.

Minister Deems Regulating Crypto As Financial Products An Argument, Why?

One Australian media, The Sydney Morning Herald (SMH), reported about the country’s take on crypto regulation. According to SMH, Stephen Jones, the Australian Assistant Treasurer and Minister for Financial Service spoke on the matter on January 22, 2023.  Read more...

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FTX Lawyers Claim $5 Billion Recovered In “Liquid” Assets

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On Wednesday, a counsel for the bankrupt crypto trading venue FTX, founded by Sam Bankman-Fried, stated that the company recovered more than $ 5 billion. However, the magnitude of consumer losses in its collapse was still unknown.

U.S. authorities have accused Bankman-Fried of organizing an “epic” scam that may have cost investors, clients, and lenders billions of dollars; the company’s valuation was $ 32 billion a year ago, but it filed for bankruptcy in November.

Andy Dietderich, an attorney for the failed cryptocurrency exchange FTX, says that the company has “recovered $ 5 billion in cash and liquid coins.” The full extent of the exchange’s client deficit is “still unclear” as they continue “working to rebuild transaction histories.”   Read more...

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Ripple CTO Vs. Craig Wright Fight Enters Round 2 Over ‘XRP Failing’ Claim

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Ripple CTO David Schwartz and self-proclaimed Bitcoin inventor Craig Wright clashed for the first time around the Christmas holidays in a verbal altercation on Twitter. As Bitcoinist reported, the dispute ended with Schwartz ignoring his counterpart while Wright threatened to submit a scientific paper on XRP to the U.S. Securities and Exchange Commission as support in the lawsuit.

After a brief lull in the fight, the verbal dispute found a revival over the last two days. Wright, the leading figure behind Bitcoin SV (BSV), responded to a screenshot of a years-old tweet from Schwartz in which the Ripple CTO stated that Wright is not the inventor of Bitcoin, Satoshi Nakamoto.  Read more...

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Do Kwon Ordered A Staff To ‘Doctor’ LUNA’s Price, South Korean Prosecutors Claim

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Do Kwon, the co-founder and Chief Executive Officer (CEO) of Terraform Labs, is now in hotter water following a crucial discovery made by South Korean prosecutors that could undermine his claims of innocence and non-involvement in the colossal implosion of the TerraUSD stablecoin.

According to some reports published on Korean news sites, Kwon allegedly gave specific instructions to one of his employees to manipulate the market price of the algorithmic stablecoin in a $ 40 billion wipeout in May.   Read more...

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Crypto Twitter Calls Craig Wright Out on Satoshi Claim, Again

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By CCN Markets: Danny Knight, a Twitter user, posted a video of Craig Wright talking about when he first read about Bitcoin – in 2008. #faketoshi slipping up here like he always does: "I remember reading about it" Is not what you say when you wrote it…. Because he didn't#bitcoin pic.twitter.com/9meuIn6cQB — Danny Knight (@danny_knight) June 14, 2019 In the 15 second video, Wright talks about reading about Bitcoin for the first time. Bitcoin’s Several Futures The tweet asks the obvious question: If you wrote the Bitcoin whitepaper and invented the thing, how could that be your first introduction to  Read more...

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Mt. Gox Creditors Have a Second Chance to Appeal Claim Decisions

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Mt. Gox Creditors Have a Second Chance to Appeal Claim Decisions

According to the official Mt. Gox website, creditors of the now defunct bitcoin exchange have one last chance to dispute their claims. The civil rehabilitation trustee, Nobuaki Kobayashi, has also explained the details surrounding the court’s decision to approve or disapprove filed claims.

Also read: Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement  Read more...

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Shock Claim: Ripple (XRP) Market Cap Massively Lower Than Advertised

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By CCN.com: It turns out that ripple (XRP) might not be the second-largest cryptocurrency after all. Researchers Claim Ripple’s Market Cap is Just $ 6.9 Billion That’s the bold thesis of a new report from crypto research firm Messari, which alleges that ripple’s circulating market cap — the combined value of all liquid XRP tokens —

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10 Reasons Bitcoin Won’t Ever ‘Go to Zero’ as Davos Bears Claim

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By CCN.com: “I do believe it will go to zero. I think it’s a great technology but I don’t believe it’s a currency. It’s not based on anything,” said Jeff Schumacher, founder of BCG Digital Ventures, of the Bitcoin price during a CNBC-hosted panel in Davos, Switzerland. 1. Bitcoin is Actually Based on a Lot of

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Better Than Bitcoin?: MIT, Stanford Profs Make Bold Claim about New Cryptocurrency

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Researchers from seven colleges across the United States are working together on a supposedly groundbreaking cryptocurrency project which they say will offer scalability beyond anything that bitcoin can offer. Will a Cryptocurrency Called Unit-e Supplant Bitcoin? Known as Unit-e, the proposed cryptocurrency will purportedly have the capacity to rival Visa and Mastercard in terms of … Continued

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Reports Claim Investors Lost Homes as Bitcoin Crashed, Isn’t the Stock Market the Same?

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Sky News, a British TV station and mainstream media outlet, reported that investors lost homes as the Bitcoin price crashed. But, the same argument can be applied to the stock market, real estate, and every other major market. The report claimed that investors put up their homes as collateral to receive loans and invest in

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Claim: Crypto Exchange Lost $500,000 Due to AurumCoin 51% Attack

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A little-known cryptocurrency called AurumCoin (AU) has claimed that it was hit by 51 percent attack, and crypto exchange Cryptopia, where the cryptocurrency is listed, lost 15,752.26 AU (approx. $ 550,000 at the time of writing this article). However, the cryptocurrency has shifted the blame on Cryptopia. On AurumCoin’s website, it has claimed that it is not

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Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm

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Scam Victim Loses $ 48,000 Claim Against Canadian Bitcoin ATM Firm

A woman suing for 62,500 Canadian dollars ($ 48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of the digital cash dispensing unit.

Also read: Funny New Advert Shows Bitcoin Is on Google’s Mind

‘Unfortunate Victim of Sophisticated Fraud’

“It’s most unfortunate that she was victim of such a sophisticated fraud,” judge Orr is quoted as saying, when she handed down her decision. However, she added that “It’s up to the bitcoin purchaser to know what they’re doing.”  Read more...

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Ethereum is Bad Due to Lack of Active dApps, Nobel Economist Says in Meritless Claim

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Nouriel Roubini, a widely recognized economist and a professor at Stern School, has said that the decline in the value of Ethereum was expected due to its lack of active decentralized applications (dApps). He said: “No wonder Ethereum is collapsing. 75% of DApps are crypto-kitties, scammy Ponzi pyramid schemes & Casino games. The other 25%

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Bitfi Wallet Recants ‘Unhackable’ Claim

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John McAfee

The Bitfi wallet touted by John McAfee has disavowed its claims of being unhackable as research reveals security flaws. Despite this, McAfee stands by his word.

Despite claims by software maverick John McAfee to the contrary, a collection of researchers has produced evidence to discover security flaws in the ‘unhackable’ Bitfi Bitcoin 00 wallet. On Friday, BBC reported the statement which was issued by Bitfi via Twitter on August 30th:

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Bitcoin to Replace Traditional Currencies ‘Within a Decade,’ Researchers Claim

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A new study from the Imperial College London and eToro claims that cryptocurrencies are not only nearing mainstream adoption, but also the “next step” for money. 

‘Cryptocurrencies Have Already Made Significant Headway’

Bitcoin is already being used as both a store of value and speculative investment. Soon, it may become a viable means of payment.

As noted by Independent, Imperial College London’s Professor William Knottenbelt claims:

The world of cryptocurrency is evolving as rapidly as the considerable collection of confusing terminology that accompanies it. These decentralised technologies have the potential to upend everything we thought we knew about the nature of financial systems and financial assets.  Read more...

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Ulterior Motives Likely Behind Google’s Blanket Ban on Crypto Ads, Experts Claim

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Google’s decision to ban all bitcoin and cryptocurrency adverts on its platforms isn’t going down well with cryptocurrency and blockchain technology proponents — with some believing that there is more to the decision than meets the eye. 

Double-Standards

In March 2018, Google issued a statement announcing that cryptocurrency-focused promotional content would no longer be allowed on all of its platforms. According to the statement, the ban covers adverts for ICOs, exchange platforms, wallet services, etc.

For stakeholders like Phillip Nunn — CEO of Blackmore Group, a cryptocurrency investment firm — the ban has a tinge of hypocrisy about it. Speaking to The Independent, Nunn said:  Read more...

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Bitcoin Mining Isn’t As Energy-Consumptive As Researchers Claim

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Earlier this week, a study published by Dutch researcher Alex de Vries concluded that Bitcoin mining uses almost as much electricity as the entire Republic of Ireland — but should we really be concerned? 

‘Picked out of Thin Air’

Bitcoin mining is undoubtedly an energy-intensive process, as anyone who’s ever mined the most valuable cryptocurrency by market capitalization from home knows — but it might not be as concerning as many experts would lead you to believe.

Jonathan Koomey, a Standford lecturer who correctly illustrated how concerns over the early internet’s energy usage were dramatically unfounded, thinks researchers like de Vries are getting it wrong. Koomey told NBC News:  Read more...

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