Craig Wright Doubles Down on Satoshi Claim, Says Bitcoin Core Infringes His ‘Database Rights’

The Australian entrepreneur who claims to be the inventor of bitcoin has suggested he might take legal action against the cryptocurrency’s developer team over claimed infringement of his intellectual property. In a blog post published last Thursday, Craig Wright said while forks of bitcoin would be allowed under the open-source MIT license under which bitcoin was released, copying the database would not. “As the sole creator of Bitcoin, I own full rights to the Bitcoin registry. People can fork my software and make alternative versions. But, they have no rights…

3 Ways Coronavirus May Have Affected Bitcoin

Is there a correlation between bitcoins price action and the coronavirus spread?  Virus-infected yuan placed in quarantine—Bitcoin fixes this.  Bitcoin mining takes a dive following China’s coronavirus clampdown. As coronavirus continues to spread mass panic around the globe, its impact on bitcoin is becoming more evident. Here are three critical repercussions for BTC amid the outbreak. As the Coronavirus Spreads, Bitcoin Continues to Break Out Bitcoin is proving its worth as a macro hedge against global uncertainty. Year-to-date, BTC has achieved a 35% boost and managed to hit a yearly…

Bitcoin Price Rally Over? Key $9.4K Support Zone Holds for Now

Bitcoin (BTC) price was unable to hold the psychological barrier of $10,000 and couldn’t break through the resistance of $10,400. This rejection caused a corrective move to $9,450, leaving a $400 CME gap behind. Following Bitcoin’s severe correction, many altcoins also retraced more than 10% over the weekend.  But does this mean the bullish momentum is over?  Crypto market daily performance. Source: Coin360 Rejection at $10.4K triggers a 10% selloff BTC USDT 1-day chart. Source: TradingView The price of Bitcoin couldn’t break through the resistance of $10,400 and therefore retraced…

New Email Extortion Scam Targets Google’s AdSense, Demands Bitcoin

A new extortion scam targeting website owners serving banner ads through Google’s AdSense program has begun circulating the Internet. The malicious scheme demands Bitcoin (BTC) in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension. The email-based extortion scheme was reported by security news and investigation blog KrebsOnSecurity, on Feb. 17. The blog post detailed that some site owners received a message as their site had been spotted by the malicious program as one seeking revenue from publishing an ad. The message ostensibly read:…

A $2M Bitcoin Long Just Got Liquidated on Binance; Start of a Steep Correction?

Bitcoin took a substantial hit in trading on Monday, moving from $10,000 to $9,452, in just fourteen hours. The drop, which largely came on profit-taking sentiment, also saw Binance Futures registering one of its biggest long liquidations: worth $2 million. The overleveraged exit order did not switch Bitcoin’s long-term bias – which remains bullish, but it still ended up leaving the market sentiment in distaste. The position showed how bulls feel threatened by the cryptocurrency’s sharp retracement from $10,500-resistance. The downside moves prompted them to close their highly-leveraged Long positions.…

Bitcoin Price Dips Below $9.5K as Whale Deposits 600 BTC to BitMEX

Bitcoin (BTC) fell below $9,500 for the first time in almost two weeks on Feb. 17 as downward pressure continued to pressure markets. Crypto market weekly price chart. Source: Coin360 BTC further rejects $10K Data from Coin360 and Cointelegraph Markets showed BTC/USD hitting twelve-day lows of $9,485 on Monday. At press time, the BTC price was struggling to find support at $9,500.  The shift lower followed a four-day slide for Bitcoin, which had topped out at $10,500 before seeing considerable resistance kick in.  Some traders appeared worried, as evidenced by…

Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall

FCoin, a crypto exchange that adopted the controversial “trans-fee mining” model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users’ withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin. The post, first published in Chinese and later translated on…

Bitcoin SV Dips 33% amid Altcoin Season Bust and More Losses are Coming

The altcoin market is bleeding red and Bitcoin SV (BSV) is its most injured pawn. The fifth-largest cryptocurrency on Monday slipped by circa 10 percent to establish a new intraday low at $256.66. The move downhill came as a part of a larger bearish correction that started last week when BSV was trading at $382.70. Bitcoin SV loosening its grip on bulls | Source: TradingView.com, Coinbase As usual, traders used the said local top for profit-taking – and the price dipped by 33 percent so far into the retracement. But…

How Bitcoin Is Used by Activists and Refugees to Promote Human Rights

CoinDesk reporter Leigh Cuen is joined by the Human Rights Foundation’s Alex Gladstein and Syrian entrepreneur Moe Ghashim to discuss how cultural context shapes the way people view bitcoin, including stories from the Middle East. Many bitcoiners see cryptocurrency as a cypherpunk tool that enhances personal freedoms, with cypherpunk meaning “using privacy tech to promote social change.” There are diverse users around the world gaining this type of value from bitcoin, but they rarely give interviews or are seen on stage at conferences.  Later we’ll explore the risks of governments…

Tron CEO Failed to Convince Warren Buffet on the Merits of Bitcoin

Bitcoin makes a poor investment choice, well that’s according to the famed investor, Warren Buffet. Who sees more benefit in buying land over buying the number one cryptocurrency. Sun and Buffet Finally Lunch Together Each year, business magnate, Warren Buffett auctions a charity lunch in honor of the Glide Foundation, a San Francisco based charity that aims to eradicate poverty and marginalization. Tron CEO, Justin Sun became the talk of the town last year by bidding a staggering $4.6 million, to win lunch with Buffett. Naturally, the crypto world was…