Category: Bitcoins

Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors

Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to 63 terahash per second (TH/s). The two […]

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Bitcoin’s Third Halving: Survey Shows 50% of Miners Expect a Price Increase

The block reward halving for BTC is 32 days away and crypto businesses and mining operations are steadily preparing for the event. Today, Bitcoin’s hashrate is hovering just above 100 exahash per second (EH/s) and one year after the 2016 halving, the digital asset’s price and hashrate climbed over 240%. Moreover, a recent poll published […]

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Mt Gox Bitcoins: Trustee Plans to Distribute BTC and BCH, Liquidate Forks Into Cash

On March 24, the Mt Gox creditors’ trustee from Tokyo, Nobuaki Kobayashi, disclosed a newly written rehabilitation plan for claimants looking to access some of the funds they lost in 2013. According to the new plan, Mt Gox claimants will get BTC and BCH assets alongside the possibility of receiving fiat currencies as well. Kobayashi’s […]

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Craig Wright’s ‘Bonded Courier’ Allegedly an Attorney Who Can’t Communicate

Craig Wright's 'Bonded Courier' Allegedly an Attorney Who Can't CommunicateDuring the first week of February, the Kleiman v. Wright lawsuit continues with more tales about the alleged bonded courier. In mid-January, Craig Wright revealed a third party provided him with the necessary information to unlock an encrypted file he could not access previously. Now Wright is claiming attorney-client privilege over 11,000 documents and he […]

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Silk Road Mentor’s Arrest Rekindles Tales of Rogue Agents and Pirate’s Treasure

Silk Road Mentor Arrest Rehashes Tales of Rogue Agents and Pirate's TreasureOn January 30, the United States Attorney for the Southern District of New York (SDNY) revealed that Roger Clark, the alleged senior advisor to the Silk Road marketplace, pleaded guilty to conspiring to distribute massive quantities of narcotics. Clark, otherwise known as ‘Variety Jones,’ was a unique character within the Silk Road saga who claimed […]

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Bitcoin Lawsuit Heats Up With More Bonded Courier Tales

During the last few days, cryptocurrency participants have been discussing the notorious Kleiman v. Wright lawsuit as new developments have revealed a third party provided Craig Wright with the necessary information to unlock an encrypted file he could not access previously. Additionally, another court filing explains that Wright provided the court with a list of […]

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Court Gives Craig Wright More Time to Await the Mysterious Bonded Courier

Court Gives Craig Wright More Time to Wait for the Mysterious Bonded Courier10 days after the Tulip Trust expired, new court filings have appeared in the billion-dollar Kleiman v. Wright lawsuit. One document describes the professed existence of a Tulip Trust III, which was shown to the plaintiffs on January 6, 2020. Another filing shows that Judge Beth Bloom has affirmed part of the sanctions against Craig […]

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Alleged $8B BTC Tulip Trust Expires With Tales of Bonded Couriers

Alleged Tulip Trust Worth $8B in BTC Expires With Tales of Bonded CouriersFive years ago, the crypto community became aware of an alleged contract called the Tulip Trust. The supposed contract emerged when a few tech-based news outlets published stories on two former business partners Craig Wright and David Kleiman. According to the Tulip Trust contract story, Wright and Kleiman were ostensibly part of the group that […]

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23 Days Until a Bonded Courier Supposedly Delivers Keys to $8 Billion in BTC

23 Days Left Until a Bonded Courier Supposedly Delivers Keys to $8 Billion in BTCIn 23 days, the infamous self-proclaimed Bitcoin inventor Craig Wright will allegedly receive 1,100,111 BTC from a trust purportedly held in Seychelles. In fact, many Wright supporters and BSV proponents wholeheartedly believe Wright will “gain complete ownership of the trust,” and to a few of these individuals, the funds could be used to bring the […]

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The Silk Road Investigation: A ‘Pattern of Bad Behavior and Double Agents’

The Silk Road Investigation: A 'Pattern of Bad Behavior and Double Agents'Kathryn Haun, a general partner at U.S. venture capital firm Andreessen Horowitz, has revealed in recent interviews how she helped take down the Silk Road when she was working for the Attorney General’s office. According to her accounts, the U.S. government agency also asked her to help “start shutting down technology before it’s built.” Haun’s […]

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Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present

Bitcoin's Early Days: How Crypto's Past Is Much Different Than the PresentOver the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and […]

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Craig Wright to Challenge Judge’s Ruling in the Billion-Dollar Lawsuit

Billion-Dollar Lawsuit Filing Shows Craig Wright Plans to Challenge Judge's RulingCraig Wright is looking to challenge Judge Reinhart’s decision and has asked the court for an extension of time in order to dispute the August 27 ruling. Wright was recently instructed to distribute 50% of his BTC holdings allegedly mined before 2014 and intellectual property (IP) to the Kleiman estate. Wright’s legal counsel based in […]

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New Liberty Dollar Founder Subpoenaed in the Billion-Dollar Bitcoin Lawsuit

New Liberty Dollar Founder Subpoenaed in the Billion-Dollar Bitcoin LawsuitThe ongoing Kleiman v. Wright case saw expert testimony on Monday from the plaintiff’s cryptography specialist, alongside the defendant Craig Wright’s witness, Nchain CTO Steve Shadders. The court participants discussed parsing through 27,000 bitcoin addresses as well the Kleimans’ forensic expert finding discrepancies within specific documents and contracts between the two business partners. Moreover, it […]

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‘Craig Is a Liar’ – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright

Early Adopter Calls Craig Wright a Fraud — Proves Ownership of Bitcoin Address Used in LawsuitOn May 16, an unknown person posted a signed message to social media concerning a bitcoin address that was used as evidence in the ongoing Kleiman v. Wright lawsuit. According to the message, which is verified to be the rightful owner of the address used in the Florida lawsuit, the address never belonged to “Satoshi […]

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Blockchain Researchers Mock Craig Wright’s Unsealed Bitcoin Address List

Blockchain Researchers Mock Craig Wright's Unsealed Bitcoin Address ListThe ongoing lawsuit between the relatives of Dave Kleiman and Craig Wright continues to unfold as a filing has been unsealed that shows a list of addresses tied to the first 70 bitcoin blocks Wright claims to have mined. However, not long after the redacted list was unsealed, researchers at Wizsec Security studied the addresses […]

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

Mt. Gox Creditors Have a Second Chance to Appeal Claim DecisionsAccording 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 […]

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Broken Phone? Don’t Sweat It — Restore a Bitcoin Wallet in Minutes

Broken Phone? Don't Sweat it — Restore a Bitcoin Wallet in MinutesWith bitcoin ownership, it’s very important to back up your mnemonic seed phrase in order to restore your funds in case of an emergency. For instance, a device holding a wallet can be broken, get lost or stolen and the backup is the only way to retrieve the funds after these mishaps. The following is […]

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Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations

Finland's Regulatory Watchdog Plans to Supervise Localbitcoins OperationsOn Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements. The move to bolster the new customer verification procedure follows Finland’s Financial Supervisory Authority (FSA) mandating supervision over exchange operations. Also read: Mineable Cryptocurrencies Are Far More Valuable Than Non-Mineable Coins […]

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Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright

Jeff Garzik Subpoenaed in the Kleiman Bitcoin Lawsuit Against Craig WrightOn March 15, well-known Bitcoin developer Jeff Garzik revealed he was subpoenaed by the U.S. District Court of Southern Florida in the infamous Kleiman vs Wright bitcoin lawsuit. The Kleiman family is suing the self-proclaimed Satoshi for roughly 300,000 BTC and Garzik has been served by the court and asked to submit assorted documents and […]

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Mark Karpeles Still Faces Class Allegations in the U.S. After Japan Verdict

Mark Karpeles Still Faces Class Allegations in the U.S. After Japan VerdictMark Karpeles, the chief executive of the now defunct bitcoin exchange Mt. Gox, has been denied a motion to stay in a class action lawsuit in the U.S. The Northern District of Illinois lawsuit originally filed by Anthony Motto and Gregory Greene accuses Karpeles of criminal conversion and fraud. Also read: Kraken Offers $100K Reward […]

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Self-Proclaimed ‘Satoshi’ Responds to Billion-Dollar Bitcoin Lawsuit

Self-Proclaimed 'Satoshi' Responds to Billion-Dollar Bitcoin LawsuitThe man who claims to have invented Bitcoin, Craig Wright, is being sued in Florida for roughly $10 billion or 1.1 million BTC. Last December Florida district Judge Beth Bloom denied Wright’s motion to dismiss the billion-dollar lawsuit against him. Now Wright has responded to the complaints and most of his responses assert that he […]

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Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate

Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate21 is a number that holds deep symbology to bitcoiners. In addition to denoting the total number of bitcoins, in millions, that will ever be issued, it’s inspired scores of cryptocurrency business names, websites, and merchandise designs. Despite its assumed inviolability, some members of the community are opposed to Bitcoin’s rigidly set 21 million supply. […]

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Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim

On Jan. 31, Mt. Gox victims were enraged to hear that the founder of Coinlab, Peter Vessenes, is still causing problems for the former exchange’s rehabilitation process. According to information published by public attorney Daniel Kelman, Coinlab filed a claim for ¥1.7 trillion yen (US$16 billion) which is over and above every claimant’s filing. Also […]

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