• Citing autism Judge excuses Craig Wright
    Bitcoin,  People

    Citing autism, Judge excuses Craig Wright’s pattern of “forgeries”

    In a blistering ruling, federal Judge Beth Bloom tore into the self-proclaimed Bitcoin creator’s pattern of misleading statements and actions during the $10 billion case’s pre-trial phase, but again refused to impose sanctions

    In a blistering 39-page ruling, federal Judge Beth Bloom outlines a pattern of Craig Wright making allegedly misleading and perjurious statements as well as presenting forged or false evidence, but rules against sanctioning him.. She specifically—and repeatedly—states that his autism is a deciding factor.

  • Craig Wright’s wife knows nothing Bitcoin
    Bitcoin,  People

    Craig Wright’s wife knows nothing about how Bitcoin works

    Or is a BTC private encryption key like a Mercedes key, in that a mechanic can cut you a new one if you get locked out

    Craig Wright’s wife, Ramona Watts, knows nothing about how Bitcoin works.  Considering that her husband claims to be Satoshi Nakamoto, the pseudonymous author of the Bitcoin whitepaper, you’d think she might be aware that a Bitcoin private encryption key is not like a Mercedes key. At least Ira Kleiman was honest (or self-aware) enough to tell the court that he does “not really” know much about how Bitcoin works. Ira is suing Wright for half of a $10 billion cache of bitcoins mined by Nakamoto in the early days of Bitcoin. Here’s a beauty from her March 19, 2020 deposition, which was unsealed on June 27.  In it, Ramona Watts was asked by…

  • Crypto Must-Reads
    Cryptocurrencies,  Politics,  Regulation

    Crypto Must-Reads for June 26, 2020

    These Are the Crypto Stories You Should Be Following: Bitcoin ends a week-long bear run; China places $14,000 limit on “anonymous” digital yuan transactions; two analyses show bitcoin heading for a big bull market

    Sunday ended a bad week for bitcoin, with a dip below $9,000 kept to a brief flirtation—investors hope. But there’s plenty of optimism to go around, as two models predict big bitcoin price increases coming—possibly mirroring or surpassing the 2017 bubble’s $20,000 mark. And China surprised absolutely no one by announcing that it will be tracking large(ish) digital yuan transactions by default.

  • Crypto Must-Reads
    Cryptocurrencies,  Education

    Crypto Must-Reads for June 26, 2020

    These Are the Crypto Stories You Should Be Following: Is Greyscale cornering BTC; will governments ban “real money” crypto; A malware botnet is getting its marching orders from messages hidden in the Bitcoin blockchain; AML BitCoin creator busted for… wait for it… money laundering!

    Crypto investment firm Grayscale has accumulated 3.4% of all bitcoins and is still buying voraciously, leading to concerns it will corner the market. Jim Rogers, a one-time George Soros partner, thinks governments will drive crypto underground if they become widely usable as cash, and current Jack Abramoff partner is finding out the hard way not to work on anti-money laundering tech (AML BitCoin in this case) with someone convicted of fraud and corruption. The Glupteba bot-net doesn’t get instruction directly, but by scanning Bitcoin’s blockchain for hidden clues.