Bitcoin Cash (BCH) advocate Roger Ver was sued by a unit of crypto lending firm Genesis over unsettled crypto options amounting to $20.8 million. GGC International, a part of the bankrupt crypto lender, made the allegations and filed the suit against Ver in the New York State Supreme court on Jan. 23. The firm claims that the BCH proponent has failed to settle crypto options transactions that expired back on Dec. 30, 2022. Ver was given a total of 20 days to answer the summons. Should the BCH advocate fail to answer within that time frame, he will be obliged …

Digital payments company Block Inc. is pursuing legal action against Roger Ver’s Bitcoin.com over alleged trademark infringement involving its newly launched Verse token, which concluded a $33.6 million private sale in May 2022. In a letter addressed to Bitcoin.com CEO Dennis Jarvis and the company’s legal counsel Joseph Collement, lawyers representing Block claimed that Bitcoin.com’s use of “Verse” constituted trademark infringement under German trademark law. The letter, dated Aug. 10, 2022, was a follow-up to a July 4, 2022 notice in which Block’s legal counsel, Bird & Bird, first laid out its trademark infringement case in Germany. A person familiar …

Cryptocurrency exchange CoinFLEX is partially reopening user withdrawals, raising cautious optimism that the company was gradually recovering from liquidity constraints that were triggered by a high-profile client default. Beginning at 5 am UTC on Friday, all CoinFLEX users will be able to withdraw up to 10% of their funds, the company said. All existing withdrawal requests will be canceled and returned to their respective accounts, giving users the ability to initiate new requests in accordance with the 10% limit. The remaining 90% of user balances will be considered “locked funds,” or funds that appear on their balance but cannot be …

Crypto investment platform CoinFLEX is moving forward with its plan to reclaim $84 million in funds by starting arbitration procedures in Hong Kong against an individual account holder. Co-founders Sudhu Arumugam and Mark Lamb acknowledged in their Saturday announcement that the judgment would provide access to the individual’s “worldwide assets” and that their lawyers were “very confident” they could enforce the award: “We have commenced arbitration in HKIAC for the recovery of this $84m as the individual had a legal obligation under the agreement to pay and has refused to do so.” The firm, however, noted the process could take …

Bitcoin (BTC) has hit new record highs this week — not in U.S. dollar terms, but against its longtime competitor, Bitcoin Cash (BCH). Data from Cointelegraph Markets Pro and TradingView confirms that on June 29, BCH/BTC officially set its lowest ever price. CoinFLEX debacle ensnares BCH supporter Ver Bitcoin Cash, also known as “Bcash” by those critical of the coin’s ethos and future, gained notoriety in 2017 when it became the first major hard fork of the Bitcoin network to take on BTC, itself. Months after launching, the altcoin hit highs of around 0.43 BTC per token, this proving something …

Roger Ver, an early Bitcoin investor and Bitcoin Cash (BCH) proponent, has pushed against claims from crypto investment platform CoinFLEX regarding an alleged $47-million debt. In a Tuesday tweet, Ver — not mentioning CoinFLEX by name — said he had not “defaulted on a debt to a counter-party,” and alleged the crypto firm owed him “a substantial sum of money.” The denial followed rumors on social media that the BCH proponent was involved in the platform halting withdrawals due to “a high-networth client who has holdings in many large crypto firms” not covering their debts. CoinFLEX CEO Mark Lamb took …

Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the network, then vanishing without so much as a trace. Over the years, the crypto ecosystem has seen many developers and protocol creators rise in stature to become crypto messiahs for faithful holders who eventually have their best-laid plans end in catastrophe when the protocol is hacked, rugged or abandoned by whimsical developers. 2022 is hardly halfway complete and the year has already seen a particularly bad stretch of good intentions gone awry, which have collectively helped …

Roger Ver, an early investor and ardent promoter of Bitcoin (BTC), which earned him the moniker “Bitcoin Jesus,” has resurfaced on Twitter after a year and backed Dogecoin (DOGE) in an interview, preferring it for payments over the world’s first crypto. In an interview with Bloomberg, the Bitcoin.com founder said how he was a fan of the memecoin due to its fast transaction times and low fees: “Dogecoin is significantly better, it’s cheaper and more reliable [than Bitcoin]. If I had to pick three contenders for the world’s dominant cryptocurrency, they would be Doge, Litecoin and Bitcoin Cash.” Ver also …

Cross-chain DeFi protocol Sienna Network has enabled Bitcoin (BTC) and Monero (XMR) trading pairs on its decentralized exchange, giving users the ability to transact privately in two of the world’s most recognizable cryptocurrencies. Effective immediately, users of the privacy-focused SiennaSwap DEX will have the ability to trade BTC and XMR against the protocol’s native Sienna token, chief evangelist Monty Munford confirmed with Cointelegraph. The decision to incorporate Bitcoin and Monero transactions follows a “huge amount of requests for additional yield options” from both communities, he said. Sienna’s infrastructure is built on the Secret Network, a custom blockchain that supports private …

Bitcoin.com — a cryptocurrency news, mining and wallet resource — is not for sale, according to entrepreneur and site owner Roger Ver. On Monday, Bitcoin.com appeared as a “premium domain” available for purchase on GoDaddy, the world’s largest domain registrar, for a minimum price of $100 million. Ver contacted GoDaddy on Twitter and demanded that the listing be removed immediately, saying: “Please remove this fake news that is damaging my real brand.” Ver, who has been an avid cryptocurrency investor since early 2011, also confirmed to Cointelegraph that the domain listing is “fake news, and perhaps even just another example …

The Cointelegraph YouTube channel had some of its wilder moments in 2020: from getting hit with the YouTube ban hammer to witnessing firsthand the antics of crypto’s most eccentric personalities. Here are some of our favorite blooper moments from this year — we hope you enjoy them more than we did! Bitcoin Halving Party livestream YouTube strike 2020 has been a year of firsts for many: the first year of the new decade, an unprecedented global pandemic, and Cointelegraph’s first ever YouTube strike. And, honestly, we’re still quite puzzled by it. The strike came in the final minutes of a …

Internet entrepreneur and digital rights activist Kim Dotcom has been enthusiastically promoting Bitcoin Cash as a medium of exchange, but still remains bullish on Bitcoin. According to a tweet to his 711,700 followers today, Dotcom predicted the price of Bitcoin Cash (BCH) would increase 867% in 2021, reaching more than $3,000. He said he was also going to support BCH on his crypto-enabled peer-to-peer content monetization blockchain K.im. Bitcoin > great for asset storage Bitcoin Cash > great for payments Bitcoin Cash at $310 today. I expect $3000+ next year. Why? More and more vendors accept crypto. Vendors want low …