Biggest fears about Bitcoins future: Industry weighs in
Reddits Bitcoin community remains optimistic about BTC, but members are still eager to discuss the most valid concerns regarding Bitcoin's future.
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Reddits Bitcoin community remains optimistic about BTC, but members are still eager to discuss the most valid concerns regarding Bitcoin's future.
The entity still owns almost $80 million in BTC.
Around 250 BTC from Bitcoin's early days were transferred after 15 years of inactivity, revealing the huge rewards reaped by early miners. The $16 million worth of "Satoshi era" coins highlights the conviction of pioneering hodlers.
Bitcoin wallets belonging to early miners suddenly sprang back to life on Friday, moving those coins after laying dormant since 2009.
In a notable development within the crypto community, a long-dormant Bitcoin wallet from the Satoshi era has suddenly sprung to life.
A Bitcoin wallet dormant since 2010 activated recently, moving around $14 million to five separate wallets.
The BTC was mined just a year after Bitcoins inception, and the miner has held on to the stash for the entire time.
Early in Bitcoins history, many contributors helped the pseudonymous Satoshi Nakamoto shape the technology we all know today. A review of their legacies, from "The Halving Issue".
Ten years after his passing, Hal Finney's pioneering work in cryptography and computer science continues to inspire the Bitcoin community.
Quantum rigs might pose a bigger threat to blockchains than quantum decryption.
The real identity of Satoshi Nakamoto, the creator of Bitcoin, has remained a mystery despite Bitcoin being a decade and a half old. It has become the best kept secret in crypto, leading to various theories of who the creator might be. Many theories have pointed to prominent figures, with software developer Craig Wright claiming hes the creator. However, Fox Televisions Tucker Carlson has gone down a different route, fingering a United States intelligence agency as the creator. Did The CIA Create Bitcoin? The US Central Intelligence Agency (CIA) is known to have far reach worldwide, leading to a lot of notable events being attributed to them. This time around, they are being pointed to once again as the Bitcoin creator by Tucker Carlson at the Bitcoin 2024 Conference in Nashville. Related Reading: Crypto Analyst Says Dogecoin Price Will Rise Over 7,200% To Reach $10, Heres Why Speaking at a private event at the conference, Carlson shared his beliefs on who Satoshi Nakamoto really is. The Fox presenter believes that the CIA is the creator of Bitcoin. Carlson called out crypto supporters for being able to answer all crypto-related questions except the creator of Bitcoin. According to him, it is quite obvious who the Bitcoin creator is and it is the Central Intelligence Agency. Carlson also draws on a previous experience, noting that the National Security Agency (CIA) had spied on him through the Signal app. Why this accusation is serious is that Signal has become known worldwide as a completely private message app. However, Carlson believes that the NSA was still able to spy on him using this app. Comparing the two scenarios of Bitcoin and the messaging app, Carlson says, Its like Signal, they got there first. Who Is Satoshi Nakamoto? The real identify of Satoshi Nakamoto has managed to remain secret despite different theories and speculations on who it might be. There are some who believe it is billionaire Elon Musk or NSA whistleblower Edward Snowden, others like Tucker Carlson, believes its the work of US intelligence agencies to spy on peoples transactions. However, only one person has claimed that he is the creator of Bitcoin and that is Craig Wright. Related Reading: XRP Price Breaks Out Of 6-Year Triangle, But Is A Rally To $1 Possible? For years, the computer scientist has maintained that he created Bitcoin, eventually going to court in a bid to prove he is Satoshi Nakamoto. However, the High Court of England and Wales found Wright to be an impersonator, forcing him to admit that he is not Satoshi Nakamoto. This comes as the court said that Wrights evidence were full of lies in a bid to make people believe he created Bitcoin, going as far as forging documents to do so. The court found Wrights actions to be a most serious abuse, and has put measures in place to forbid Wright from entering any more legal proceedings in his claim to be the Bitcoin creator. Featured image created with Dall.E, chart from Tradingview.com
Since debuting on Wall Street, the U.S.-listed spot Bitcoin ETFs have been a success, adding around 37,510 BTC to their monthly holdings.
An investigative journalist reported that the FBI issued a standard Glomar response to a request for information on Satoshi Nakamoto but with an interesting assertion.
The judgment was issued to help podcaster Peter McCormack recover nearly $2 million in legal expenses from a defamation lawsuit filed by Wright.
A Bitcoin wallet that has been dormant for over 12 years has suddenly become active, sparking widespread speculation within the crypto community.
The Bitcoin wallet, which dates back to 2012, contains $1.81 million worth of BTC at current prices.
Christen Ager-Hansen told Cointelegraph that he warned his former colleagues, including Craig Wright and financial backer Calvin Ayre, against going to court.
The Crypto Open Patent Alliance accused Wright of forgery in court and claimed that he invented an entire biographical history.
Crypto exchange Binance today (Wednesday) sought to dismissa large portion of a London lawsuit, valued at up to 10 billion pounds ($12.8billion), over allegations of collusion to "delist" the BitcoinSatoshi Vision (BSV) cryptocurrency.
London Lawsuit Targets Binance and Kraken
The lawsuit, brought to London's Competition Appeal Tribunal(CAT) on behalf of over 200,000 BSV owners, targets Binance and other exchangesincluding Kraken. The suit, filed by BSV Claims, accuses the exchanges ofanti-competitive behaviour in delisting BSV in 2019.
The plaintiffs argue thatthis action caused the value of BSV to drop significantly and hindered itspotential to become a leading cryptocurrency, estimating this aspect of theclaim at up to 9 billion pounds.
BSV Claims' legal team stated that the exchanges did notoppose the case being certified under the UK's collective proceedings regime,which is similar to the US class action system. This certification would markthe initial step in the lawsuit.
Exchanges Face Scrutiny
Binance has requested the CAT to dismiss the part of thecase concerning BSV's alleged potential to become a major cryptocurrency, whichpertains to those who retained BSV after its delisting. Binance's lawyer, BrianKennelly, argued that those who kept BSV made a "voluntary decision"and had the option to sell it and reinvest in a comparable cryptocurrency.
.@Binance asked the @CATribunal to throw out most of the claims against it and other exchanges in a UK lawsuit seeking more than 10 billion pounds for anticompetitive behavior relating to the delisting of the $BSV token in 2019. @sheldonreback reports. https://t.co/BBZhY0NKZB
CoinDesk (@CoinDesk) June 5, 2024BSV Claims' lawyers contended in court documents that thisissue should be allowed to proceed to trial along with the rest of the case. Binancedid not provide a comment on the ongoing legal proceedings. Meanwhile, a Krakenspokesperson labelled the lawsuit as "baseless."
In 2019, Binance, Kraken, and other exchanges delisted BSV.This decision was partly influenced by claims from Australian computerscientist Craig Wright, associated with BSV, who asserted that he was thepseudonymous inventor of Bitcoin, known as "Satoshi Nakamoto".
This article was written by Tareq Sikder at www.financemagnates.com.The stash, worth over $3 million, was sent to crypto exchange Binance, analysis tool Lookonchain said in an X post.
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