• Craig Wright going to trial
    Bitcoin

    Craig Wright is going to trial

    After two years, the preliminaries in Ira Kleiman’s $10 billion lawsuit against the man who claims to be Satoshi Nakamoto are over and the argument is heading to a jury

    Wright, chief scientist of nChain and genuinely father of the Bitcoin SV cryptocurrency, has long claimed to be Nakamoto, which would give him possession of the 1.1 million BTC. While virtually no one in the cryptocurrency industry believes his claim, the estate of Wright’s late partner at the time those bitcoins were mined in the project’s early days, Dave Kleiman, does and wants half.

  • Ripple controversy
    Ripple,  XRP

    What’s up with Ripple?

    The international financial transactions business has been up and running for years, yet it still gets a lot of flak for its influence over the third-largest cryptocurrency, XRP

    Ripple has the distinction of being one of the largest companies in the cryptocurrency and blockchain business that is up and running and working with hundreds of customers, including a couple of major banks. Yet for all those achievements, it is among the most controversial companies in DeFi, with a host of critics.

  • Telegram discontinues TON testnet
    Alt coins,  Regulation,  United States

    Telegram Open Network pulls the plug on testnet, in final blow to doomed project

    The grim milestone marks the end of a sorry journey for TON, almost a year after the testnet first launched

    In a July 6 update, the development group driving TON wrote: “Our remaining validators will be switched off not later than 1.08.2020. Please save all relevant data and terminate your testing process.”

  • Telegram SEC settlement
    Cryptocurrencies,  People,  Regulation

    Telegram and SEC agree on settlement, $1.2B to be returned to investors

    ‘We hope the regulatory environment for blockchain technology in the US becomes more favorable for others in the future,’ Telegram CEO Pavel Durov says

    For eight months, the encrypted messaging app and the regulator have been coming to blows—with the SEC claiming the company’s $1.7 billion sale of gram tokens was an illegal securities sale. Under the deal announced on June 26, Telegram would pay an $18.5 million penalty and return $1.2 billion—about 70% of the funds raised—to investors.

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