Craig Wright news

Australian computer scientist; claims he is the person behind the pseudonym Satoshi Nakamoto.

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Craig Wright Predicted Bitcoin, Litecoin Should Be Dead By Now

Craig Wright, self-proclaimed creator of Bitcoin (BTC) is no stranger to controversial statements. But his prediction made this time last year certainly stands out as one of his biggest claims.  November 2019 Was Supposed to Be the End Back in November 2018, Wright stated in a rather cryptic manner that he had information which would essentially see both Bitcoin and Litecoin “killed”. The claim was part of Wright’s idea that what now trades under the BTC ticker is not the real Bitcoin as envisioned by Satoshi Nakamoto. Craig Wright – $BTC & $LTC dead by November 15, 2019 Who remembers Craig's claim that he would reveal something something SegWit something, Bitcoin killed? There you go. 50, 49, 48, … — Arthur van Pelt – Dragon Industries (@MyLegacyKit) September 27, 2019 For that reason, Wright was even prepared to single-handedly destroy BTC on the markets, although that feat is scheduled for 2020. But the latest prophecy seems to have come and gone without fulfillment, with only 48 hours left before the fateful day. Made during the sway of the bear market, the prediction that BTC and LTC would be dead coins has not materialized. In fact, the assets are in a relatively good shape. In the meantime, Wright disappeared from Twitter after a scandal. After relentless criticism from the crypto community, Wright threatened a number of CT personalities with court action, including Hodlonaut and Peter McCormack. Following an attack after an aggregator bot, he deleted all tweets. Craig Wright Still Not Believable as Satoshi Nakamoto Almost a year since Wright made the claims, his lawsuit against the estate of Dave Kleiman is not going well. Over the course of months, Wright failed to show evidence of owning any private keys potentially belonging to Satoshi Nakamoto. Wright could also not repay Kleiman for the common ownership of BTC from early mining. As for the coins to be potentially destroyed, BTC for now hovers around the $8,800 level. LTC has also recovered to $61.17, remaining relatively stable for now. Wright has switched from backing Bitcoin Cash (BCH) to creating enmity with that project, and redirecting his efforts to Bitcoin SV (BSV). While BSV has a robust community, it is hard to believe that in 2020, it would displace BTC let alone take over its markets. So far, BSV trades around $128.28. Wright has been against the SegWit solution for lighter blocks since the beginning. Instead, the BSV network is attempting scaling through the propagation of large blocks. In real-world conditions, anonymous nodes sometimes give up on propagating blocks above a certain size. But the BSV network aims to build a collection of trusted miners who would have the resources to propagate larger than usual blocks. Earlier this year, Bitcoinist reported that Bitcoin SV were planning to move ahead with increasing block sizes to 2GB, although fears still remain that most miners will be priced out of the market. What do you think about Craig Wright’s claims about BTC? Share your thoughts in the comments section below! Images via Shutterstock, Twitter @MyLegacyKit The post Craig Wright Predicted Bitcoin, Litecoin Should Be Dead By Now appeared first on

Tether Announces Support for McCormack against Craig Wright Libel Suit

Coinspeaker Tether Announces Support for McCormack against Craig Wright Libel SuitBy pretty much any standard, Craig Wright easily became the most controversial person in crypto over the years. For a long time now, Wright has been at the center of a suit brought against him by the Kleiman estate, representing Dave Kleiman, Wright’s former business partner.Wright has also proclaimed himself as the real Satoshi Nakamoto, creator of Bitcoin, and has even gone ahead to bring legal action against people who have refuted this claim. A few months ago and in his usual fashion, Wright brought a libel lawsuit against popular podcaster Peter McCormack for refuting the former’s claim, and has demanded $140,000.Now, the Tether company – equally as controversial as Wright – has announced that it will throw all of its support behind McCormack, against Wright.In a tweet posted on Friday, Tether general counsel Stuart Hoegner has said that the company will fully stand behind McCormack in what it considers a “frivolous and vexatious litigation.” According to Hoegner:“Craig Wright’s claims to be Satoshi Nakamoto have been rejected by many. Tether also rejects them. Wright has had myriad opportunities to prove that he is Satoshi and has not definitely done so.”Hoegner further adds that regardless of how uncomfortable the case becomes, Tether is in it for the long-haul.“Litigation can be drawn-out and expensive, but we are committed to the long game. We admire Peter’s conviction and are humbled to support his defense against what we see as frivolous and vexatious litigation,” stated he.McCormack was initially served back in April when McCormack refuted Wright’s usual Nakamoto claims and repeatedly called him “Faketoshi” on Twitter. Furthermore, Wright uploaded a paper to the Social Science Research Network (SSRN), which he claimed to have been written back in 2007 before Bitcoin or its whitepaper was released. However, McCormack found that the document’s metadata showed August 2019.McCormack has since taunted Wright in a tweet saying:“I’ve totaled up all my stuff – house, car, Bitcoin, clothes, Metallica records. I reckon I can pull together £250k. I’ll give you all that. You incur no legal fees. I will bow at the CSW (Craig Steven Wright) alter if you send me $1 of Bitcoin from the Genesis block.”Tether has now joined an already long list of crypto community members, who have had enough of Wright and all his moves. Back when McCormack was served, many in the community pledged their support and promised to donate several amounts, to help support McCormack. Even Binance CEO Changpeng Zhao, suggested a charity program to raise funds to the cause.Craig’s long-running case with the Kleiman estate also took a new turn recently, after Wright declared that he would not be financially capable of paying the settlement put out against him. Wright was required to give up half of all Bitcoins mined as well as intellectual property dated before 2014 and initially did seem cooperative enough. However, a recent filing revealed that Wright had no way to pay, and seemed to reopen a case that was already slowly reaching some resolution.Tether Announces Support for McCormack against Craig Wright Libel Suit
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Craig Wright news by Finrazor


Own coins by JPMorgan and Mizuho Financial Group, concerns about the crypto adoption, Solidus Labs to beat crypto manipulation, Bitmain's novelty, yen as the most traded currency for BTC, Visa and Mastercard taxes update, Craig Wright's surprise and MEW crypto-to-fiat swap without KYC

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This week twitter-community is waiting for the BCH fork, reading Vitalik Buterin and expressing opinions... — nothing uncommon, but quite lively

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This week, the reddit community has (not) stopped waiting for BCH fork. Anyway, we're closely watching what is happening, and giving you the easiest opportunity to express your opinion in the selected hottest discussions

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Bitcoin Gold Rush, ShapeShift FOX, Binance In India, CFTC + Libra & Ripple + Oxford

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ShapeShift Launching FOX Coin to Compete on ERC-20 Market

Coinspeaker ShapeShift Launching FOX Coin to Compete on ERC-20 MarketThere are many utility tokens on the market, some of them left from the “golden ICO era” of 2017, some of them came later. Every time a smart investor is looking at a new project, he thinks – a token again? Yes, one more token, this time coming from the veterans of the industry.To compete with Binance‘s Binance Coin and Bithumb Coin that has been recently officially launched by Bithumb, you need something special. Since Erik Voorhees, CEO and founder of ShapeShift, is not an ordinary person, having connections all over the industry, he has prepared a gift so unique you won’t be able to resist it. When registering on the platform, a user automatically gets 100 FOX tokens. He then can hold them within the account, which will grant $10 in free trading volume per token per month.Voorhees says that his company was thinking about launching their coin since 2017. No wonder, considering this year can be named the most profitable to scammers, thieves, and even idiots. You cannot trade with losses when the market is rising all year long, right? Finally, after 2,5 years of thinking about the creation of coin, ShapeShift made it.FOX Token Won’t Use Own BlockchainAs you may already notice, the new cryptocurrency – ERC-20 Ethereum token, is some token with high liquidity and a small area of using. It touches the lives of bitcoiners around the globe in a speedy, hardcore manner to make them leave custodial exchanges. The company will gather everything around being a non-custodial wallet. Erik noted:“We’re hoping that this will help marginally move some people away from custodians and be more comfortable with the non-custodial model.”Voorhees thinks that it is OK that the new coin won’t have its own blockchain. Its purpose is pretty limited, so there is no need for expensive mining equipment or video blades to perform well in mining, trading or staking this new asset. He also claims that Shapeshift will allow you to claim more benefits from staking in the future months, using the FOX. The service says that the new money will be used in different use cases, including the goal of shifting users from centralized exchanges to this new ideology. “ShapeShift’s goal is to make self-custody a seamless and enjoyable experience because this will help the world move toward self-sovereign finance and away from fiat,” added he.ShapeShift Can Provide the Liquidity You NeedThere is no other crypto custodian that will let you hold your coins as a self-custodian and trade for free at the same time. Only SS can process large amount of clients on their servers. Thousands of people are fleeing to the company every day, but many leave due to the KYC measures. What made this “fleeing” so special is that they buy cryptocurrencies and sell them so that the market moves somewhere.“This has nothing to do with establishing a new chain. Basically, we’re trying to get people away from custodial exchanges. This is an endemic problem in the crypto world that was a problem in 2011 when I first got involved, and it’s still a problem. So, we realized that to solve that, we had to provide all that stuff in one place,” said Voorhees.ShapeShift Launching FOX Coin to Compete on ERC-20 Market

USDT Transfers in Ethereum Up 6,000% in 2019

Tether (USDT) dominance in Ethereum is on the rise according to GlassNode, an on-chain market intelligence firm. Cumulatively, the amount of USDT transacted in Ethereum exceeds $100 billion, a 6,000% rise since early 2019. USDT is a stablecoin that is pegged 1:1 against the USD and several fiat currencies. It is officially issued by Tether Limited, a company that has links with Bitfinex, a Hong Kong-based cryptocurrency exchange. USDT Statistics in Ethereum #Tether adoption on #Ethereum still on the rise: $USDT cumulative on–chain volume just surpassed 100 billion USD. That's an increase of more than 6000% since the beginning of 2019. — glassnode (@glassnode) November 19, 2019 With the shift to Ethereum, USDT transactions are now more active and even harder to track. Combined, Tether’s smart contracts have spent over 2,000 ETHs in Gas as per data from ETHGas Station. This translates to $367k paid as fees with each transaction billed at 21.1 GWei. It is over 10X more than those paid by IDEX smart contracts. There are 562,969 USDT holders generating 11,734,646 transfers pushing Tether’s diluted market cap to $2.03 billion. Overall, the token circulating supply stands at $4.12 billion with a market cap of $4.124 billion at the time of press. USDT Token Holders At this rate, USDT smart contracts burn 10.49% of all Gas with average GWei fluctuating depending on supply and demand forces. When there is a noticeable rise or fall in Bitcoin prices, USDT activity tends to spike. Tether Limited’s Objective According to a circular from Tether Limited, the company has made headway in allowing users to send value over the blockchain without the inherent risk of volatility and complexity associated with free floating cryptocurrencies. By rolling out a stablecoin on Ethereum and complying with the ERC-20 standard, a guide used by most fungible tokens generated on the smart contracting platform, users enjoy faster confirmation times, low transaction fees than they would have on the Omni Protocol. ETH Falls to Third Place Earlier, a report by Bloomberg revealed that USDT was rapidly catching up with ETH and BTC as a preferable means of payment. Statistics published by CoinPayment showed that USDT popularity surged 30% as merchants were attracted to the token’s non-volatility and low transaction fees. BTC related payment shrunk to 60% from 80% with ETH dropping to third as USDT climbed to second. The post USDT Transfers in Ethereum Up 6,000% in 2019 appeared first on Coingape.

Bitfinex Announces Strategic Collaboration with ODEM to Expand Cryptocurrency and Blockchain Education

Zug, Switzerland, Nov. 21, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire) ODEM SA and Bitfinex, a state-of-the-art digital asset platform, are excited to announce a strategic cooperation introducing a new model of education on the role of digital tokens in the blockchain-enabled economy. The idea is to provide an innovative token transaction simulation model, designed and operated by ODEM, using Bitfinex as its premier liquidity platform. Together, they will launch a series of programs and courses aiming at increasing the level of education of both novice and advanced Bitfinex users who are interested in obtaining more knowledge about the technical features of digital tokens. In conjunction with these educational programs, ODEM will launch a full simulation of its education marketplace. Bitfinex will provide the liquidity for ODEM transactions, reflected through ODEM's smart contracts. This way, Bitfinex users purchasing educational programs on the ODEM Marketplace using the same credentials as on Bitfinex will be able to view their ODEM Token transactions on Bitfinex's order book. "We're excited to be the first to market with completely mirrored fiat-to-crypto trades in our education and employment marketplace," said Richard Maaghul, CEO at ODEM. "Mirroring blockchain transactions allows users to view their payment activity reflected through our smart contracts in real-time and viewable through Transactions conducted by ODEM's Token simulation are fueled by liquidity provided by Bitfinex. With their support ...Full story available on

Polymath building new security token blockchain platform on Substrate

The team of Polymath, a platform for security token issuance and management, declared back in back in March of this year during Consensus New York, that it had begun work on building a new base layer public blockchain from the ground up – codenamed Polymesh. Now, Polymath has announced that it is building Polymesh on […] CryptoNinjas: Polymath building new security token blockchain platform on Substrate
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