Business

Craig Wright Already Has Key to Encrypted ‘Satoshi’ File — Kleiman

[ad_1] Ira Kleiman’s legal team claims Dr Craig Wright already has the ability to open the encrypted file believed to contain the private keys to more than 820,000 Bitcoin. The Kleiman estate is suing Wright over the Bitcoin he allegedly mined in a partnership with the late Dave Kleiman. Wright says there was no partnership.According to court documents filed May 21, Kleiman alleges Wright “has the ability to open the encrypted
EXCHANGES

Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors

[ad_1] Gox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox. The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are unwilling to wait for the finalization of the ongoing civil litigation. “Our payment would be put in escrow and made within 10 business days of the claim transfer confirmation,” the company announced in a
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Despite 10% Drop, Bitcoin Is Still “High Time Frame Bullish” For This Key Reason

[ad_1] It’s been a tough past few days for Bitcoin. The cryptocurrency has slipped approximately 10% from the $10,100 monthly highs to a recent low of $8,800, triggered by fears that Satoshi Nakamoto is dumping his BTC. Bitcoin price chart from TradingView.com While those rumors have since been disproven by blockchain analytics companies, BTC has yet to recover. Worse yet, when it topped at $10,100, it printed a high lower
Business

Times Square Billboard Calls for Release of Silk Road Founder

[ad_1] The ‘Free Ross’ movement has hired a billboard in New York’s Times Square as part of its campaign for the release of the Silk Road darknet market founder Ross Ulbricht.According to the Twitter account ‘Clemency for Ross’ the billboard will display the message and image for several months. The account emphasized that the billboard was funded by “a generous supporter” and not from donations to the site.Ulbricht is currently
BLOCKCHAIN

Myanmar Central Bank Claims Crypto is Banned, Users Disagree

[ad_1] The Central Bank of Myanmar (CBM) announced that it does not recognize cryptocurrencies as an official currency and anyone caught trading digital assets can be imprisoned or fined.But local crypto enthusiasts dispute whether the pronouncements have any force in law. Reported by the Myanmar Times, the country’s central bank issued an announcement on May 15 stating that financial institutions are not allowed to accept or facilitate transactions using digital currencies. The
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Bitcoin Analysts Eye Move to $7,000 Region as Support Begins Dissolving

[ad_1] Bitcoin has faced some mounting downwards pressure today that has led it to its key support within the lower-$9,000 region This downtrend comes after a series of strong rejections at $10,000, and was triggered by news of a 2009 BTC wallet moving crypto around This decline has led the crypto to invalidate a previously bullish technical formation, and analysts are now expecting it to see further downside in the
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Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving 

[ad_1] Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of $142 million. Four days later, CME broke records again. Data from the researchers at Skew.com detailed that CME’s regulated bitcoin options open interest is up 10x this month. Deribit’s
Business

Cardano is Working on a Microchip That Would Give Crypto a Cash-like Experience

[ad_1] In a recent Cointelegraph interview, Charles Hoskinson elaborated on the crypto-native chip that IOHK is working at its blockchain lab at the University of Wyoming that may lead to many groundbreaking use cases, including a cash-like experience for cryptocurrency.Crypto-native microchipIt all began when IOHK, the company charged with the development of Cardano (ADA), began exploring supply chain use cases and realized that there were no chips on the market
BLOCKCHAIN

UAE Startup Relies on Blockchain Technology to Flatten COVID-19 Curve

[ad_1] UAE-based startup incubator, in5, is helping to design blockchain-based methods to contain the COVID-19 pandemic in the country and thus flatten the curve.According to a report published on May 20, Liber Health, supported by in5, is one of the platforms used for patient identification supported by blockchain technology. They are creating a contactless system to recognize the biometric ID data and analyze suspected COVID-19 symptoms.Liber Health hopes that by
Business

Blockchain.com to Support Russian Ruble Despite Local Crypto Uncertainty

[ad_1] Blockchain.com, a major cryptocurrency wallet and blockchain data provider, plans to support Russia’s national currency, the ruble (RUB). Although some big exchanges like Binance have introduced the Russian ruble, there is still no law authorizing circulation of crypto in Russia.On May 20, Blockchain.com announced its long-term roadmap, “The next era of crypto and 1B wallets by 2030.” In a post authored by Peter Smith, Blockchain.com CEO and co-founder, the