Leading cryptocurrency exchange Binance plans to launch a stablecoin within two months, in an apparent challenge to the dominance of scandal-plagued Tether.
Craig Wright said this week that anyone else saying they are Bitcoin creator Satoshi Nakamoto is a criminal. He also intends to reclaim the Bitcoin name from the version that currently bears the BTC symbol and bestow it on his own Bitcoin Satoshi Version—or Bitcoin SV—which he claims is the “real” Bitcoin.
The Tether stablecoin is backed in some part by bitcoins. David Miller, an attorney for Tether’s sister firm, cryptocurrency exchange Bitfinex, revealed in court last week that Tether has invested “a small amount” of the reserve dollars backing the tethers (USDt) in bitcoins (BTC). He added that the company had also invested in other undescribed assets.
Craig Wright’s much-derided claim to be Bitcoin creator Satoshi Nakamoto got a big boost from the U.S. copyright office today. On May 21, the wealthy nChain founder was granted copyright registration for the original whitepaper—”Bitcoin: A Peer-to-Peer Electronic Cash System”—as well as the original Bitcoin source code.