By CCN Markets: Self-proclaimed "bitcoin inventor" Craig Wright attended a mediation conference in Miami related to his $10 billion lawsuit against the estate of deceased computer genius Dave Kleiman. Mediator: 'We Are at an Impasse' In a federal court filing dated June 18, the mediator noted that the parties were unable to resolve their lawsuit at mediation. "This case did not settle at the...
By CCN: Leading Bitcoin SV proponent Calvin Ayre has warned that the demise of Bitcoin and other cryptocurrencies is imminent. Speaking to Bloomberg, Ayre stated that if BSV’s scaling plans materialize other cryptocurrencies including Bitcoin will be rendered irrelevant: If BSV scales, continues to follow its scaling roadmap, there’s just no need for anything else. So I think they will be...
By CCN: Bitcoin SV (BSV) more than doubled in price on Tuesday fresh off the back of confirmation that Craig S. Wright had registered Bitcoin copyright claims with the U.S. government. The 125% pump in BSV’s value may have been helped along (not a legal term) by Bitcoin SV cheerleader Calvin Ayre. The billionaire owner of Coingeek appeared to ‘inflate’ the importance of Craig Wright’s purely...
By CCN: Not so long ago, nChain lawyer Jimmy Ngyuen loudly said that the identity of Satoshi Nakamoto was not important to the future of Bitcoin or nChain. As of late, however, the impetus to “prove” Craig Wright’s identity as Satoshi Nakamoto seems to have hastened. #IsCraigSatoshi? Chief enforcer and good friend of Craig Wright, Calvin Ayre, uses #CraigIsSatoshi in a sizable percentage of his...
By CCN: The bitcoin price moves in mysterious ways. Many theories have been put forth in an attempt to explain its meteoric rise this week. From the alignment of the contents of the solar system, to the magic touch of Justin Sun, here are the five most cringeworthy. 1. The Stars Aligned. Literally. According to noted blockchain analyst and author David Gerard, the celestial bodies may be...
By CCN: A Redditor has revealed perhaps the most interesting fraud claim regarding Craig Wright yet. Wright is being sued by the estate of Dave Kleiman for a sum in the many billions of dollars. The suit alleges that Wright stole over 1 million BTC from Kleiman shortly after his death. Signature Actually Dates to 2014, Not 2012 Reddit user Contrarian__ says that a piece of evidence submitted by...
By CCN: Following last week’s threat to do so, Binance has officially announced that Bitcoin SV will no longer trade on its popular platform as of April 22nd. Withdrawals must be made from the platform by July 22nd, according to an official post. The reasons cited by Binance are “officious” in nature, but the community is fully aware this is related to Chenpeng Zhao’s annoyance at the antics of...
At press time, interest in Monero had increased 400% over the past hour. Five US states lead the charge, according to Google Trends: Top 5 US States for Monero The five states listed are: • Indiana • Arizona • Arkansas • Colorado • Louisiana Interest in Indiana came primarily from Terre Haute, while curiousity in Arkansas came mainly Little Rock and this reporter’s city of Pine Bluff...
Bitcoin SV (Satoshi Vision) unveiled its new logo on the 10th birthday of bitcoin. Perhaps not surprisingly, BSV's "new" logo looks suspiciously similar to that of bitcoin — the original cryptocurrency. The pro-BSV bComm Association proudly trumpeted the announcement in a statement: "The BSV logo is revealed on the 10th anniversary of the Bitcoin genesis block, to mark Bitcoin SV as rebirth of...
Crypto entrepreneur Calvin Ayre predicts that the flagship cryptocurrency, Bitcoin, will plunge to zero in 2019 because it's worthless. But never fear, he said, because Bitcoin Cash Satoshi Vision (BSV) will be there to save the day. Interestingly, Ayre insists that the Bitcoin price is being deliberately deflated right now in order to stamp it out of existence. He did not offer any proof to...
There was some recent buzz from both sides of the Bitcoin Cash chain split regarding an allegedly authentic tweet from pseudonymous Bitcoin inventor Satoshi Nakamoto. The tweet, and indeed the entire account, is no longer available from Twitter proper. The text of the original tweet reads: "I do not want to be public, but, there is an issue with SegWit. If it is not fixed, there will be nothing...
In a blog post published this week, CoinGeek founder Calvin Ayre made substantial claims as to the nature of the seemingly-permanent split between Bitcoin Cash Satoshi Vision (BSV) and Bitcoin Cash ABC (BCH). His first claim was that the Bitcoin.com mining pool had engaged in “a form of cheating” by diverting all its hash to BCH, including that intended for Bitcoin mainnet. This being the basis...
Last week, the Bitcoin Cash ecosystem descended into civil war as a group of partisans attempted to use their superior hash power to launch a hostile takeover of the BCH protocol and return it to what they believe was Satoshi Nakamoto’s original vision for Bitcoin. This group, operating under the banner “Bitcoin SV” (BSV), controlled approximately 75 percent of the network’s hash rate heading...
Shots were fired Thursday afternoon, as CCN received a press release from Calvin Ayre’s CoinGeek which contained some interesting words that are sure to heat up the discussion around the chainsplit and intentional hard fork in Bitcoin Cash. One of the quotes from Calvin Ayre elucidates his feeling that all is not well on the side of the opposition, nor is it upstanding. "CoinGeek and nChain are...
Yesterday, the Bitcoin Cash network activated its second scheduled semi-annual hard fork since the cryptocurrency split away from the original Bitcoin blockchain. Unlike the previous protocol upgrade, however, this fork was contentious, with development teams launching two competing, incompatible BCH implementations. Background: Another Fork in the Bitcoin Cash Road The group adhering to the...
BitMEX’s head of research, Jonathan Bier, gave a statement to Bloomberg this week that will soon be proven true or false. In regards to how the upcoming Bitcoin Cash fork would play out, Bier said that he believes that the important divide between the economic majority and the mining majority will sort itself out in rapid fashion. "The chain will split in two, but the economy will support ABC and...
An intramural debate among Bitcoin Cash developers about the future of the BCH protocol is heating up, with a development group backed by nChain and Craig Wright vowing to create a new full node client that does not include the so-called "unnecessary changes" being added to Bitcoin ABC, the most popular full node BCH client. Craig Wright-Backed nChain to Launch Competing BCH Client Dubbed Bitcoin...
A new initiative seeks to convince bitcoin cash miners to remove the dust limit and being processing a limited number of zero-fee transactions in every block, and it has backing from several high-profile individuals. Announced on Tuesday by nChain Group and CoinGeek, the so-called “Miner’s Choice” initiative asks miners to eliminate the current BCH dust limit, which stipulates the minimum...
Bitcoin cash proponents Roger Ver and Calvin Ayre have announced a plan to use their influence and considerable wealth to rebrand bitcoin cash as “bitcoin”. Ver, an early bitcoin investor once nicknamed “Bitcoin Jesus”, has incurred the ire of much of the bitcoin community over the past several years, primarily due to his repeated support for contentious hard forks associated with the evolving...