• Did an inaccurate story claiming Chinese police raided Binance's Shanghai offices really knock $1,000 off the price of bitcoin? (Mussi Katz, via Flickr)
    Media

    EXCLUSIVE: The Block and Binance were working on a deal. Then a fight broke out.

    A lucrative partnership was lost after a cryptocurrency billionaire called a reporting error malice and demanded that journalists act as cheerleaders

    The Block and Binance were working on a potentially lucrative strategic partnership for more than a month, a source with knowledge of the negotiations told Modern Consensus. Then, on Nov. 21, the crypto news and research site published a story claiming that a police raid forced Binance out of its Shanghai offices. Not only was that wrong—at least about the police raid part—it enraged  cryptocurrency exchange Binance’s billionaire CEO, Changpeng “CZ” Zhao. He promptly jumped on Twitter, telling his 450,000 followers that The Block’s story was a lie. There was no raid, he said, and Binance hasn’t had a Shanghai office for two years. During the four-day Twitter fight that…

  • Craig Wright (via CraigWright.net)
    Bitcoin

    Satoshi or not, judge fines Craig Wright $650,000 for courtroom antics

    A judge accused Wright of lying and wasting the court’s time in a lawsuit seeking half of the fortune held by the real Satoshi Nakamoto

    The Judge who accused Craig Wright of lying in court may order him to pay $650,000 to the estate of his late partner, Dave Kleiman. Wright claims to have created Bitcoin and is being sued for half of a one million bitcoin cache mined by Satoshi Nakamoto.

  • Fed Chairman Jerome Powell: Central bank digital currency? We don't need no stinkin' central bank digital currency! (via Federal Reserve Bank).
    Cryptocurrencies,  Politics

    Fed Chairman Powell calls U.S. central bank digital currency pointless

    America’s chief central banker told two congressmen that the problems a CBDC could solve are largely limited to poorer developing countries.

    Federal Reserve Chairman Jerome Powell poured cold water on the idea of a United States-issued central bank digital currency happening anytime soon. Responding to two Congressmen, Powell wrote, “it is not yet clear what additional value a general purpose CBDC could provide in the U.S.”

  • Dave Kleiman couldn't even get a loan at 400%, Craig Wright claims (via Wikimedia Commons).
    Bitcoin,  People

    Alleged Bitcoin inventor Dave Kleiman denied payday loan the day he died

    Craig Wright’s partner may have owned half of bitcoin cache now worth billions, but died in such poverty he was refused loan of a few hundred dollars, court documents reveal

    Dave Kleiman was so desperate for money that he tried to take out a predatory payday loan the day he died, said his former partner, self-proclaimed bitcoin inventor Craig Wright