Self-Proclaimed Satoshi Craig Wright Sues Podcaster Peter McCormack for Alleged Libel

Self-Proclaimed Satoshi Craig Wright Sues Podcaster Peter McCormack for Alleged Libel

NChain chief scientist and Bitcoin SV (BSV) proponent Craig Wright has filed a libel claim in the United Kingdom against cryptocurrency podcaster Peter McCormack. The podcaster tweeted a photo of the legal notice on April 18. The reason provided for the claim is that McCormack accused Wright of fraud and falsely claiming to be Satoshi Nakamoto, the creator of bitcoin (BTC). According to BSV-focused crypto news outlet CoinGeek, the claim aims to “prevent McCormack from making further fraudulent claims that Wright is not the individual behind the Satoshi Nakamoto pseudonym.” Furthermore, Wright also seeks £100,000 (over $130,000) in damages, plus legal costs and court fees. Wright’s attorneys reportedly personally served a notification to the defendants on Thursday and plan to file the claim next week. The claimant notes that he believes the attacks against him are actually meant to hurt Bitcoin Satoshi Vision instead. The report notes: “Wright maintains that BSV is the real target due to its capacity for massive on-chain scaling, which represents an existential threat to the future of other cryptocurrencies, the flawed design of which prevents them from scaling to meet the needs of a truly global financial platform.” As Cointelegraph recently reported, major cryptocurrency exchange Binance delisted BSV over a similar instance in which Wright took action against the anonymous Twitter user who initiated the Lightning Torch. Crypto exchange Kraken has also delisted BSV, as did centralized crypto swap service Shapeshift. In the meanwhile, OKEx announced that it will not delist the coin.

Data Market Ocean Tries New Token Sale After CoinList Offering Misses Target

Data Market Ocean Tries New Token Sale After CoinList Offering Misses Target

After a token sale on CoinList failed to reach its target, data marketplace Ocean is trying again on crypto exchange Bittrex International. Ocean Protocol has a vision to become the ecosystem for “a new data economy,” its founder Bruce Pon told CoinDesk. With the release of Ocean’s version 1.0 beta network earlier in April, its tokens are ready to be used on the platform, but the company has not quite met its fundraising goal. Through its initial exchange offering (IEO), Ocean aims to raise $6.77 million in bitcoin, following a previous round of over $24 million from Outlier Ventures, Block Asset, Fabric Ventures and Digital Currency Group, according to its listing on CoinList. With its prior 2019 token sales via the Coinlist and Fractal platforms, the firm ultimately raised a total of just $1.8 million, according to a March blog post. If it succeeds with its IEO, it will meet its original goal announced in February for the CoinList sale. “We had seen that an IEO was a good way to have more awareness and a broader distribution,” Pon said, while also granting they still needed to close that budget gap. Its listing partner, Bittrex, has been caught up in a recent dispute with the New York Department of Financial Services over its decision not to grant the company a bitlicense. However, its presence in New York is not relevant to Ocean’s present efforts. Reflecting on its disappointing token sale, Pon said the U.S. is not “the best environment” for this kind of fundraising right now, admitting: “We misjudged. We went toward a highly regulated jurisdiction. We followed the rules. But the potential purchasers – or acquirers – they are also uncertain themselves.” Its deal with Bittrex allows Ocean to focus on its core work for this next sale, while Bittrex will market the listing to its large base of users. “They are the ones who are leading the effort to reach out to their customer base,” Pon explained. In particular, he’s optimistic about the company’s user base abroad. “We think there’s a lot more crypto enthusiasts coming out of Asia,” he said. Better deal In light of market mood, Ocean has also halved the price of the token from that in the earlier sale, from…

Five Simple Ways to Increase Your Privacy When Using Cryptocurrency

Five Simple Ways to Increase Your Privacy When Using Cryptocurrency

Cryptocurrency without privacy is pointless. If your coins aren’t fungible, you lose much of the benefits of using cryptocurrency in the first place. Privacy isn’t just won and lost onchain though. In fact, much of the privacy gains to be made when it comes to sending, spending and trading crypto occur offchain, as you go about your business on the web. Also read: Wasabi’s Privacy-Focused BTC Wallet Aims to Make Bitcoin Fungible Again The Never-Ending Quest for Privacy Privacy is like fitness: a way of life rather than a task that can be ticked off. Just as it takes time, perseverance and focus on different muscle groups to build a better body in the gym, strengthening your privacy calls for undertaking regular exercises to stem the flow of doxable information. Every time you perform an action online, you’re hemorrhaging a trove of data. This can be particularly damaging for cryptocurrency users, whose onchain actions will be recorded indefinitely. When paired with offchain data points such as IP, email address, and cell number, it’s possible for an adversary to build a complete picture of their target. Given the ever-increasing capabilities of three-letter agencies, it’s safe to assume that in the near future, the state will be able to construct a highly detailed picture of the activities of today’s cryptocurrency users. tl;dr: privacy matters. Here are five ways to up yours. Use a VPN There’s an assumption that using a VPN requires a degree of technical knowledge, and is for privacy zealots only. In fact, the majority of VPNs are foolproof and can be up and silently running in a couple of clicks – no manual port reconfiguration necessary. Opera even offers a VPN now in its desktop and Android browsers. “Enhanced online privacy is a right for everyone,” claim Opera. They’re right. A VPN will provide an added layer of privacy when logging into exchanges as well as masking the IP address associated with Bitcoin transaction relays. Separate Your Regular Email From Your Crypto Email Creating a separate email account for every cryptocurrency service you need to log into is impractical. You can, though, segment all of your crypto-related emails into a single account. This will yield twin benefits: if your main account is compromised, the…

Crypto-Friendly Banking Platform Cashaa Offers Personal and Business Accounts

Crypto-Friendly Banking Platform Cashaa Offers Personal and Business Accounts

People and businesses in need of crypto-friendly banking now have a new service to try. Cashaa is a London-based online platform that recently launched promising one account for old and new money. Its products are targeted at those who are underserved by traditional financial institutions. Also read: Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made Cashaa Offers Startups Banking and Crypto Payment Services Opening a first bank account can be problematic for young companies in many jurisdictions around the world. The business accounts offered by Cashaa are designed for small and medium enterprises and startups registered worldwide, not only U.K. or EU-based entities. The accounts will allow them to accept both fiat and cryptocurrency payments. Cashaa’s Start plan allows businesses that already have a bank account to add a crypto payment option for their customers. It comes with cryptocurrency conversion up to £1 million and supports deposits and withdrawals in over 200 local currencies, including U.S. dollar, euro, British pound, and Indian rupee. The Standard plan offers a U.K. current account plus a free operations account linked with a Mastercard. It also provides crypto storage with easy conversion to fiat and support for local and international transfers. The online bank’s Advance plan is designed for crypto companies. It includes a UK current account, Swift and local payments, linked Mastercard and the ability to issue Iban numbers to customers. Business clients can use Cashaa’s services to accept bill payments including across borders, online payments from customers at checkout and payments in physical locations such as retail shops and restaurants. The platform currently processes bitcoin core and ethereum payments through conversion to multiple fiat currencies. The personal accounts offered by Cashaa provide users with a multisig wallet and the option to buy and sell cryptocurrencies. Leading coins including bitcoin cash are supported and there’s a flat fee of 1.49%. Users are also able to deposit funds via bank transfer in more than 200 countries and withdraw directly in local currency. Bitcoin.com also enables you to purchase BCH and BTC with Visa or Mastercard in both USD and EUR. To learn more about the service, check out the Buy Bitcoin page. Are you using the services of a crypto-friendly online bank? Tell us in…

South Korea: Bithumb Exchange Operator Reveals Plans for US, Japanese Markets

South Korea: Bithumb Exchange Operator Reveals Plans for US, Japanese Markets

The CEO of Singapore-based Blockchain Exchange Alliance (BXA) — which has a controlling stake in major South Korean crypto exchange Bithumb — has revealed plans to expand to the American and Japanese markets. The news was reported by Cointelegraph Japan on April 18. BXA CEO BK Kim told Cointelegraph Japan in an interview that BXA’s strategy is to pursue a so-called reverse merger route by acquiring a publicly-traded company that is already listed on either Nasdaq or the New York Stock Exchange (NYSE). The route can be a faster way to take a company public than a traditional Initial Public Offering (IPO), BK Kim noted, adding that it can also help reduce listing fees — reportedly estimated to amount to around $6 million. According to BK Kim, BXA has already sought legal advice in the United States, where a lawyer has reportedly given the opinion that the current legal framework allows for BXA to be listed using such a reverse-merger structure. The CEO also revealed that BXA is currently seeking potential partners in Japan to establish a joint venture for a crypto exchange that would be officially licensed by the country’s watchdog. BK Kim further discussed plans to prospectively increase BXA’s stake in Bithumb by acquiring up to 70% of Bithumb operator BTC Holdings —  although he emphasized that even without the additional shares, BXA is already the controlling stakeholder for the exchange. In regard to BXA’s own token, BXA — already listed on BitMax exchange — the CEO noted that a potential Bithumb BXA listing would require thorough consideration of regulatory impediments and that the firm would announce any further developments on the matter. BK Kim’s disclosure of BXA’s U.S. plans confirms anonymous sources who had indicated the company’s interest in pursuing a reverse-merger this January, as reported at the time. Earlier this week, BXA received $200 million in funding from Japan’s ST Blockchain Fund, with the reported intent to use the funds to expand the international outreach of Bithumb. Bithumb has undergone a turbulent period, recently suffering losses of around $13 million from a late March hack in what executives suggested was an insider operation to defraud the company. The exchange was prompted to conduct an external audit to reassure users its funds…

Bitcoin Clings on Above Key Support Amid Signs of Price Pullback

Bitcoin Clings on Above Key Support Amid Signs of Price Pullback

View Bitcoin suffered a rising wedge breakdown, or bearish reversal, on the hourly chart earlier today. The bearish view, however, has been neutralized by the quick bounce from the key support near $5,170. Acceptance below $5,170 would confirm a head-and-shoulders breakdown on the hourly chart and open the doors to $5,000. A close below $4,912 on Sunday would validate the previous week’s doji candle and allow a deeper price pullback. Bitcoin could challenge the recent high above $5,450 if sellers again fail to keep prices below $5,200. Bitcoin’s (BTC) three-day run of slight gains is showing signs of exhaustion on the short-term technical charts, yet strong support below $5,190 has meant a pullback has remained elusive – so far. The leading cryptocurrency is currently trading largely unchanged on the day at $5,250 on Bitstamp, having gained 3.4, 0.6 and 0.9 percent on Tuesday, Wednesday, and Thursday, respectively. The gains invalidated Monday’s bearish outside reversal candle, which had called for a deeper drop below $4,900. Further, price closed above the stiff resistance of the 100-candle moving average (three-day chart) yesterday, signaling a continuation of the rally from April 2 lows below $4,200. That several long-term indicators have recently turned bullish seems to have strengthened bullish expectations. This is evident from the fact that bitcoin has established new support just below $5,200 over the last 72 hours, despite persistent price-negative developments like bearish patterns and indicator divergences on the shorter-duration charts. Hourly chart On the hourly chart, BTC dived out of a rising wedge pattern at 01:00 UTC today, confirming a bearish reversal. The follow-through to that bearish setup, however, has been bullish. As seen above, prices have bounced up from $5,180 and are currently looking to re-enter the rising wedge. Notably, the $5,180–$5,170 range has put a floor under bitcoin’s price for the second time in the last 72 hours. The cryptocurrency had been feeling the pull of gravity on April 17, courtesy of the bearish divergence of the relative strength index. The pullback, however, ran out of steam around $5,170 with prices rising to $5,325 yesterday. As a result, if the bears can pull off a break below $5,170, it may invite strong selling pressure and open the doors for a deeper price pullback, possibly to $5,000.…

Volkswagen to Track Minerals Supply Chains Using IBM Blockchain

Volkswagen to Track Minerals Supply Chains Using IBM Blockchain

Volkswagen Group has announced it will use blockchain tech to track its mineral supply chains. The German automaker said Thursday that, in order to “responsibly source” minerals such as cobalt (used in lithium-ion batteries for electric vehicles), it has joined an open industry collaboration, which also includes Ford as a member. Currently, miners and consumer brands rely on third-party audits and “laborious” manual processes to comply with widely accepted industry standards for sourcing their minerals, VW said. Using blockchain technology to track supply chains will help the firm meet responsible sourcing standards set out by the Organization for Economic Cooperation and Development (OECD) by providing a permanent record of mineral movements to aid the compliance process. For the effort, VW will use a new permissioned platform, developed by the group on IBM Blockchain – which is built using Hyperledger Fabric – to enable the tracking of minerals across the global supply chain. The collaboration, formed earlier this year, also includes as members cobalt mining company Huayou, LG Chem (a unit of South Korean conglomerate LG Corp.) and raw materials supply chain auditing firm RCS Global. VW said in its announcement: “Participants in the network, validated by RCS Global Group for compliance with responsible sourcing standards, can contribute and access immutable data in a secure and permissioned way to trace and record the flow of minerals across the supply chain in near real-time.” The automaker further said that the group aims to expand membership to include other industries, including aerospace, consumer electronics and mining operations. Volkswagen image via Shutterstock

PR: Monarch Blockchain Corporation Now Supports Bitcoin Cash in Monarch Wallet

PR: Monarch Blockchain Corporation Now Supports Bitcoin Cash in Monarch Wallet

Monarch Wallet Update Brings Bitcoin Cash (BCH) Support In-App The Monarch Wallet now supports Bitcoin Cash (BCH). Users can now store, send, and receive BCH in-app. Qualified Users Can Earn Interest & Purchase BCH in-app using their Credit Card. Monarch Wallet Update adds Bitcoin Cash (BCH) to its list of over 1900 supported cryptocurrencies. Users can now Store, Send, and Receive BCH with Monarch’s Decentralized Universal Crypto Wallet. Monarch Blockchain Corporation’s latest update to the Monarch Wallet brings support for Bitcoin Cash (BCH) in-app. Users can now store, send and receive BCH from the Monarch Wallet on Android and iOS. In addition, qualified users will be able to purchase BCH via credit card, and even earn APR % Interest using BCH inside their interest earning wallet. Bitcoin.com will also be adding the Monarch Wallet as another wallet their users can download on their website.Robert Beadles Interviewed Roger Ver on his Crypto Beadles YouTube Channel to Coincide with the BCH Monarch Wallet Update Announcement. You can view the full Interview here: https://www.youtube.com/watch?v=9iwOqE-axeg&feature=youtu.be Robert Beadles, President of Monarch Blockchain Corporation, “Myself and team are working around the clock to bring real value to the crypto community, it is beyond words humbling to have one of the OG’s of crypto join the fam and help us in our mission to bring the masses into crypto via an easy to use all in one experience, Roger is the man!” You can Download the Monarch Wallet Here. The Monarch Wallet supports over 1900 cryptocurrencies and has other features like a fiat gateway that lets customers buy and sell Bitcoin (BTC) and Ethereum (ETH) with their credit card or bank account at some of the most competitive rates available. Users can also make most any ERC-20 to ERC-20 token exchange using the decentralized exchange in-app, switch between a hot and cold wallet by simply removing internet access to the device their app is located on, and even earn up to 7.1% APR interest with select cryptocurrencies. All of this while maintaining control of their own keys and seed. Monarch continues to update the Monarch Wallet app with new features, token support, and quality of life improvements regularly. One such upcoming development is the addition of Simple Ledger Protocol (SLP) support tentatively…

New Crypto-Friendly Bank Cashaa Offers Personal and Business Accounts

New Crypto-Friendly Bank Cashaa Offers Personal and Business Accounts

People and businesses in need of crypto-friendly banking now have a new platform to try. Cashaa is a London-based online bank that recently launched promising one account for old and new money. Its products are targeted at those who are underserved by traditional financial institutions. Also read: Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made Cashaa Offers Startups Banking and Crypto Payment Services Opening a first bank account can be problematic for young companies in many jurisdictions around the world. The business accounts offered by Cashaa are designed for small and medium enterprises and startups registered worldwide, not only U.K. or EU-based entities. The accounts will allow them to accept both fiat and cryptocurrency payments. Cashaa’s Start plan allows businesses that already have a bank account to add a crypto payment option for their customers. It comes with cryptocurrency conversion up to £1 million and supports deposits and withdrawals in over 200 local currencies, including U.S. dollar, euro, British pound, and Indian rupee. The Standard plan offers a U.K. current account plus a free operations account linked with a Mastercard. It also provides crypto storage with easy conversion to fiat and support for local and international transfers. The online bank’s Advance plan is designed for crypto companies. It includes a UK current account, Swift and local payments, linked Mastercard and the ability to issue Iban numbers to customers. Business clients can use Cashaa’s services to accept bill payments including across borders, online payments from customers at checkout and payments in physical locations such as retail shops and restaurants. The platform currently processes bitcoin core and ethereum payments through conversion to multiple fiat currencies. The personal accounts offered by Cashaa provide users with a multisig wallet and the option to buy and sell cryptocurrencies. Leading coins including bitcoin cash are supported and there’s a flat fee of 1.49%. Users are also able to deposit funds via bank transfer in more than 200 countries and withdraw directly in local currency. Bitcoin.com also enables you to purchase BCH and BTC with Visa or Mastercard in both USD and EUR. To learn more about the service, check out the Buy Bitcoin page. Are you using the services of a crypto-friendly online bank? Tell us in…

SBI Holdings: Bitcoin Cash Removal Amid Bitcoin SV Delistings Was Coincidence

SBI Holdings: Bitcoin Cash Removal Amid Bitcoin SV Delistings Was Coincidence

Japanese financial services giant SBI Holdings says the removal of bitcoin cash (BCH) from its exchange this week was not a result of the other deslistings involving bitcoin SV (BSV), Cointelegraph Japan reported April 19. SBI, which has never offered BSV trading, sparked controversy when executives moved to delist BCH, as it was BSV which had become the target of a cross-industry boycott. As Cointelegraph reported, multiple major exchanges have announced they will stop supporting BSV due to the legal threats made by Craig Wright and Calvin Ayre, its major proponents. The altcoin is a hard fork of BCH, which Wright and Ayre claim to be the original bitcoin. Its creation in November 2018 caused the price of both BCH and Bitcoin itself (BTC) to fall sharply. SBI’s move to delist BCH at a time when others were delisting BSV was met with criticism in light of business partnerships the company has with Wright’s business, nChain. In a statement to Cointelegraph Japan, however, executives denied any conflict of interest. “It is true that we do have a business relationship with Mr. Craig Wright through our partnership with nChain,” the statement reads. It continues: “However, our decision to delist Bitcoin Cash (ABC) is unrelated to the delisting of Bitcoin SV by several non-Japanese exchanges.” SBI added that the BCH delisting was in fact premeditated and was done in consultation with the Japanese Virtual Currencies Exchange Association. That the move came at the same time as BSV hit the headlines, it says, was purely coincidental. At press time on Friday, BCH traded down 3.2% on the day at $299, while BSV is trading around $59 amid the combined impact of mass delistings, $16 off its all-time lows. Wright has sent legal summons to several members of the Bitcoin community over alleged defamatory remarks questioning his assertion that he created BTC under the pseudonym Satoshi Nakamoto.