• Sen. Kelly Loeffler (R-Crypto). Er, we mean (R-Ga.) of course (via @GovKemp).
    People,  Politics

    Kelly Loeffler Senate appointment win for cryptocurrency industry

    Industry analyst Mati Greenspan said the CEO of Bakkt will be ‘a friend of crypto’ in Congress as digital asset regulations are written

    Bakkt CEO Kelly Loeffler's appointment as a U.S. Senator for Georgia is "is really good news for crypto regulation in the United States,” Mati Greenspan, founder of Quantum Economics, told Modern Consensus.

  • Craig Wright: I'm just smarter than you, your honor.
    Bitcoin,  People,  Uncategorized

    EXCLUSIVE: Sneak peek at Craig Wright’s next court filing: Your honor, judges don’t understand bitcoin!

    The man who would be Satoshi Nakamoto claims he didn’t lie, people just can’t understand his extraordinary life

    Editor’s Note: With $3.6 billion in bitcoin on the line, nChain founder and self-proclaimed Satoshi Nakamoto’s Craig Wright is about to argue that he shouldn’t be fined $650,000 for lying in court, because he didn’t. The court filing, which Modern Consensus has seen before it enters the public record, is part of Wright’s attempt to fend off a claim on half of a cache of 1,000,000 bitcoin mined in the early days of bitcoin by its creator, Satoshi Nakamoto. Wright is being sued by the estate of his late partner, Dave Kleiman.  So far Wright has been hammered in court. Magistrate Judge Bruce Reinhart, who oversaw a pre-trial stage of the…

  • 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.