Bitcoin has had a rough week, down around 9 percent and trading below $6,700. Ross Ulbricht, the founder of Silk Road, believes we’re in a bear market that could even take the price under $3,200. Ulbricht is serving two life sentences for money laundering, computer hacking, and conspiracy to traffic narcotics. Mike Novogratz disagrees. The famed investor and CEO of Galaxy Digital Holdings Ltd., is seeing greater adoption of Bitcoin, including among hedge funds and high-net worth individuals. He’s shorting stocks but believes “this is the time for Bitcoin.” It’s certainly time for debt. The US national debt has now …
As Cointelegraph reported yesterday, self-proclaimed Bitcoin (BTC) creator Craig Wright claims that Bitcoin can and will be seized to accommodate court orders. What follows is an analysis of whether what he says is possible and plausible. Screenshots resurfaced on Feb. 26, show that Wright claims Bitcoin will be seized without using the owner’s private keys. Instead, it will be moved through miners and nodes coordinating to comply with a court order. He said that code is law but “courts can mandate patching code.” Cryptocurrency security consultant Sergio Demian Lerner told Cointelegraph that Wright’s proposition “is morally and legally ridiculous” given …
In a recent tweet, Binance CEO Changpeng Zhao has made it clear that he thinks Craig Wright, the Bitcoin SV (BSV) founder and self-proclaimed Bitcoin (BTC) creator, is a fraud. Indeed, Wright is a divisive figure in the industry, having involved himself in various legal battles and public spats as he attempts to convince the crypto world that he is the rightful inventor of the first cryptocurrency. To this end, Zhao told Cointelegraph that Wright is not only hurting his own reputation but is harming that of the cryptocurrency industry as a whole: “He claims to be the founder of …
Captain Kirk seems unconvinced that the Australian computer scientist Craig Wright is the inventor of Bitcoin (BTC). William Shatner, the Canadian actor that played Captain Kirk in the original Star Trek series, suggested that Wright is not behind the pseudonym Satoshi Nakamoto — the seminal cryptocurrency’s creator. In a tweet on Feb. 11, Shatner said: “Ask yourself why would someone claim to be Satoshi and offer zero proof? Either put up or shut up, right?” The discussion started after a Twitter user answered Shatner's announcement of having been at a cryptocurrency event by expressing the hope that “fake Satoshi wasn’t …
With each passing day, Craig S. Wright’s reputation continues to take a bigger beating. This time around, a Florida court has found the self-proclaimed inventor of Bitcoin (BTC) to be guilty of not only submitting false documents as part of an earlier testimony but also lying about a legal dispute (related to the estate of his former partner, David Kleiman) to the United States justice system. Related: Bitcoin Creator and Superagent: What You Should Know About Craig Wright The presiding judge, Bruce Reinhart, concluded the latest hearing by ordering Wright to surrender more than $4 billion worth of cryptocurrency in …