Day: May 21, 2019

Self-Proclaimed Satoshi Craig Wright Files US Copyright Registrations for BTC White Paper

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Craig Wright has filed United States copyright registrations for the Bitcoin (BTC) white paper authored by Satoshi Nakamoto. Court documents show that the U.S. Copyright Office has registrations with Wright as the author of the white paper, as well as most of the original code used to build Bitcoin. The Australian entrepreneur has long claimed to have written the cryptocurrency blueprint under the pseudonym. A news release from May 21 claims that U.S. officials have received confirmation that Wright is indeed Satoshi Nakamoto, but the news has been met with skepticism from some…

Bitcoin Approaches $8,000 as Bitcoin SV Doubles in Value

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Tuesday, May 21 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) approaches the $8,000 mark again. Market visualization courtesy of Coin360 Bitcoin is up over 2% on the day, trading at $7,953 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 2.55%. Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin’s proximity to $8,000 comes as the United States Securities and Exchange Commission reported yesterday that they are “still in information-gathering mode” regarding a…

Terror Groups Are Increasingly Using Cryptocurrencies, Senior Russian Official Warns

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The director of Russia’s federal security service, the FSB, has warned that terror groups are increasingly being financed through cryptocurrencies, Russian news site RBK reported on May 21. FSB head Alexander Bortnikov said global terrorist organizations have been mastering the use of virtual currencies for some time, along with encrypted communication tools that enable them to evade security services. He added: “Electronic payment systems and cryptocurrencies are increasingly being used by terrorists to move money received from some states and organizations that support the global terrorist network.” According to Bortnikov, terror groups…

Russia Delays Adoption of Crypto Regulation Due to FATF Order to Legislate Bitcoin

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Russia has postponed the adoption of crypto legislation due to a requirement from the Financial Action Task Force on Money Laundering (FATF), local news agency TASS reports on May 21. According to the report, the FATF has recently ordered Russian lawmakers to expand the terminology of the federal bill on the regulation of crypto assets, requiring that the country legislate major industry terms such as cryptocurrencies and bitcoin (BTC). Russia’s major crypto bill, “On Digital Financial Assets” (DFA) was passed by the Russian parliament in May 2018, but was sent…

Why JPMorgan Chase Suddenly Found “Intrinsic Value” in Bitcoin

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Banking giant JPMorgan Chase & Co. is not much of a bitcoin fan. The $2.63-trillion behemoth found itself on the opposite side of cryptocurrencies ever since its chief executive officer, Jamie Dimon, called bitcoin a fraud. He said in 2017 that the cryptocurrency was “not a real thing,” and will eventually die. Two years later, bitcoin is well and alive, sitting atop a $141.8 billion valuation at press time. It is likely to grow further as a wave of mainstream financial institutions builds an investment-worthy infrastructure around it. Fidelity Investments…

JPMorgan: Bitcoin Set for Another Boom and Bust Cycle

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A recent study by JP Morgan reveals that bitcoin’s recent price pump has caused the coin to surpass its intrinsic value. Per a report on Bloomberg, March 20, 2019, the strategists, however, warn that the BTC price surge echoes 2017’s bull rally which saw the market crash afterward. History Repeating Itself? U.S. investment banking giant, JPMorgan Chase & Co., have once again voiced opinions concerning the number one cryptocurrency. Recently, JPMorgan strategists, including Nikolas Panigirtzoglou, stated that bitcoin’s recent price pump has managed to push the coin past what they believe to be…

Worsening US-China Trade War Is Behind BTC Price Rise, Digital Currency Group CEO Claims

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The CEO of a cryptocurrency firm has suggested that the recent rise in bitcoin’s (BTC) price could be linked to the trade war between China and the United States, Fortune reported on May 20. In an interview, Digital Currency Group founder Barry Silbert noted how BTC’s acceleration coincided with talks breaking down between Beijing and Washington. The crypto advocate said bitcoin is proving itself to be a safe haven for investors at times of drama in the global economy — and cited other examples where BTC’s value rose as traditional stock markets took a tumble.…

ETH Stolen From Crypto Exchange Cryptopia Moved, Portion Deposited on Exchange

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A portion of the ether (ETH) stolen from hacked New Zealand-based cryptocurrency exchange Cryptopia has been moved and deposited to a different crypto exchange, according to an analysis. Crypto Anti-Money Laundering startup Coinfirm tweeted about their findings on May 20. According to Coinfirm, 30,790 (over $7.778 million) of the stolen ether has been reportedly moved to a new address, and 10 ETH (over $2,500) moved to the hot wallet of another crypto exchange. A Twitter account dedicated to reporting on large transactions to and from cryptocurrency exchanges, Whale Alert, claims…

Bitfury Partners With Kazakhstan-Based Financial Hub to Cooperate on Blockchain Projects

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Blockchain tech giant Bitfury partnered with major Kazakhstan-based financial hub to apply the technology across multiple industries, local government-backed newspaper The Astana Times reports on May 21. Headquartered in Nur-Sultan, the newly renamed capital of Kazakhstan, the Astana International Financial Centre (AIFC) will apply Bitfury’s blockchain expertise in creating projects and promoting new startups on a global scale. In turn, Bitfury plans to launch data centers in Kazakhstan to gain exposure and cooperate with the Nur-Sultan city administration, as well as support the development and promotion of distributed ledger technology…

Police Arrest Dutch Cryptocurrency CEO in Rumored $25 Million Fraud Case

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Disclaimer. This article has been updated to change the amount involved in the fraud case, as it was misreported in an English version of a Dutch article on the subject. Dutch police have arrested a former entrepreneur for fraud after alleging he conned investors in a fake bitcoin (BTC) mining operation out of €23 million ($25 million), Dutch daily news outlet De Gelderlander reported on May 21. According to reports, Barry van Mourik, who previously ran another cryptocurrency company also under suspicion, deceived clients into thinking they would earn money from bitcoin mining.…