Fake Satoshi Nakamoto Craig Wright Rats Out Ethereum Trying to Cheat CFTC

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Fake Satoshi Nakamoto Craig Wright Rats Out Ethereum Trying to Cheat CFTC

The alleged creator of the world’s first cryptocurrency, Dr Craig Wright ignites the fierce competition between Bitcoin and Ethereum blockchain making his contribution to the CFTC’s callout.

Fake Satoshi Nakamoto Craig Wright Rats Out Ethereum Trying to Cheat CFTC

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Source: CoinSpeaker

Bitcoin [BTC] developer Jimmy Song lists 3 reasons why Bitcoin SV [BSV] is a “scam”

Bitcoin SV [BSV] has been met with a host of varied opinions from the global cryptocurrency since it emerged three months ago, from being lauded as the true vision of Satoshi, to being called a “dumpster fire,” BSV has seen it all.
Recently, Jimmy Song, a developer of the top cryptocurrency Bitcoin [BTC] and author of the book, “Programming Bitcoin,” called BSV a “scam” and listed out three specific reasons for his conclusion, via a video on his YouTube channel, “Off Chain with Jimmy Song.”
He starts of the video by referencing the Twitter trolls who tout that Bitcoin SV is the more principled coin that wants to achieve the true vision of the founder of Bitcoin, Satoshi Nakamoto. Song, lays all these claims to bed, citing his three reasons, which come under the overarching theme of:
“Bitcoin SV is clearly, clearly, a scam.”
The primary reason for Song’s attack is, Craig S Wright, the Chief Scientist at nChain and the biggest backer of the BSV project. During the November 2018 hardfork, which eventually resulted in BSV splitting from Bitcoin Cash [BCH], Wright came out in fierce support of what he envisioned as the vision of Satoshi. He even claimed that he is the, “real Satoshi,” a rallying cry that he touts even today.
Song’s opinion on Wright, however, is unwavering:
“He’s (Wright) a known scammer, he’s never produced a signature as Satoshi. He’s claimed to be Satoshi from the very beginning, he hasn’t produced anything of note. He hasn’t coded anything, he says ridiculous stuff. He uses only social signalling. He doesn’t provide any proof of anything. And, the guy has been a con-artist for a very long time.”
Craig S Wright, recently went on a tirade about how he, “was Satoshi,” for which he received a lot of flak from the crypto industry. Known for being very verbal on Twitter, Wright even got into a heated dispute with Wikileaks, which he brands a “fakenews cesspool.”
Wikileaks did not take things lying down, the news organization claimed and even produced evidence of Wright editing a blog post from August 2008, which he wanted to use to prove that he was involved in cryptocurrencies over a decade ago. Wikileaks, and many in the crypto-community labeled Wright as “faketoshi” since, a label that Song would approve of.
Song cites the lack of development coming from the Bitcoin SV camp as the secondary reason for the coin being a scam. He stated:
“You can look at their GitHub, they’ve done nothing over the past two months. They are not really trying to fix anything. They apparently have some sort of private development. They do not accept any pool requests, they are not into open source. It’s anything but a secure protocol. At some point, I expect them to release a full node software or something like that that is straight up malware. They don’t do any open source, they are not doing any development, they are not progressing.”
Craig Wright is the spearhead in the BSV application process, whom Song refers to in this jibe as a “con-artist.” The nChain executive has formulated ideas of applying the Bitcoin SV blockchain into the realm of online peer-to-peer payments and to use the BSV wallet as a smart card authenticator, which can be used to verify passports.
The third reason for Song’s disavowing Bitcoin SV, is the attitude emanating from the BSV camp, particularly from their major proponents, Craig S Wright, and Calvin Ayre. He described their behavior as “peculiar,” and referenced the fight for control during the hardfork, which he called a “crapfest with Bitcoin ABC.”
He added:
“The fact that they continued to fight, and use their money to try to prop up this useless coin, it should tell you volumes about what they’re trying to do. They want to control their own money, and they have enough of an ego to think that people will just follow them if they go.”
Jimmy Song further questioned why influencers like Daniel Krawisz and Kevin Pham have gone to the BSV camp. He believes that they, “might be getting paid-off,” however he states that he has no evidence to prove the same.
The Bitcoin developer concluded:
“Bitcoin SV is a scam, it is not Satoshi’s Vision, it should just be Scam Violence… it’s just a ridiculous coin, that is why I’m opposed to it. I hope I’ve made myself clear.”
The post Bitcoin [BTC] developer Jimmy Song lists 3 reasons why Bitcoin SV [BSV] is a “scam” appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV [BSV] spearhead Craig Wright predicts dire future for altcoin market

In the midst of the so-called, “crypto-winter,” which has slashed off nearly $100 billion from the collective market cap and with many proponents advocating that only one real cryptocurrency exists i.e. Bitcoin [BTC], Craig Wright has foreseen a dark and dismal future for the altcoin market.
The Chief Scientist at nChain and spearhead of the Bitcoin SV [BSV] project has stated, via a tweet, that by June 2020 the altcoins market will begin to be, “culled,” as their leaders either abscond from their projects and flee or will eventually land up in prison.
His tweet read:
“In the next 18 months, the blood flows. Alt coins start to be culled as the “decentralized” leaders are imprisoned one by one or flee on the lamb for financial fraud and associated crimes”
Furthermore, he picked out two coins pegged as bastions of anonymity and increased secrecy, Monero [XMR] and Zcash [ZEC], and stated that the aforementioned two coins will be charged with fraudulent tax crimes.
The following thread to the above tweet read:
“Those thinking ZCash, Monero etc are even remotely anonymous will start being changed with tax evasion”
Wright further added, in reply to a comment on one of his tweets that he will present the findings of the above prediction later in the year. He also stated that the law enforcement authorities can monitor payments even when it is through “privacy-centered” coins like Monero and Zcash.
In his own words:
“Very I present it later in the year. 
The method is developed Law enforcement can monitor without informing you”
At press time, the top cryptocurrency Bitcoin holds 52.7 percent of the global cryptocurrency market accounting for a market cap of $63.84 billion. The altcoin market poses a market cap of $57.33 billion, an increase of 10.41 percent, compared to last week’s valuation of $51.92 billion.
Despite accounting for a mere 1.93 percent of the global altcoin market capitalization, Bitcoin SV [BSV], Wright’s cryptocurrency project, has recently been booted out of the top-10 last week, following a remarkable rise by Binance Coin [BNB]. BSV now finds itself occupying the eleventh spot on the global coin chart, with a market cap difference of more than $290 million against BNB.
Wright also landed in a bit of controversy yet again when he furthered his earlier claim that he was the “real Satoshi.” Following this claim, he got into a Twitter spat with Wikileaks, calling the website a “fake news cesspool” and comparing its founder Julian Assange to Ross Ulbricht, the man behind Silk Road.
Wikileaks also hit back at Craig Wright, stating and providing evidence that the nChain executive edited an August 2008 blog, adding a sentence to portray that he had been working in the cryptocurrency realm since then.
Twitter users have since voiced their support for Wright’s prediction, with Enrico Rusticali stating:
“Lower markets prices have triggered rumblings of discord and internal stress in the various foundations. Rumors abound. Fiscal discipline does not go hand in hand with easy money schemes. I agree on the time line.”
Paul ‘P.H.’ Madore stated:
“Someone has said this everyday since 2014. Bitcoin maximalists insist on it. They still aren’t right.”
The post Bitcoin SV [BSV] spearhead Craig Wright predicts dire future for altcoin market appeared first on AMBCrypto.
Source: AMB Crypto

WikiLeaks Blasts Craig Wright: Serial Fabricator who Claims to be the Inventor of Bitcoin

WikiLeaks took to Twitter to blast the self-proclaimed Satoshi Nakamoto, the anonymous founder of Bitcoin (BTC) and Chief Scientist at nChain, Craig Wright. Initiated in 2006, WikiLeaks is an international non-profit organization that publishes classified media and secret information provided by anonymous sources.
“Serial fabricator who claims to be inventor of Bitcoin, Craig S. Wright, now claims that Bitcoin was always pro-state and that he always worked for the prosecution, as he tries to raise money for business project and escape court action.”
Back in 2017, WikiLeaks founder Julian Assange claimed that his organization made 50,000 percent return on Bitcoin after investing in the leading cryptocurrency in 2010. It has been all thanks to the US government as Assange said the government forced the payment companies like MasterCard and Visa to carry out “an illegal banking blockade” against the organization.  
Bitcoin was Like a Child to Me: Bitcoin SV’s Craig Wright
This time, Wikileaks hit back on Craig Wright after he wrote a new blog on Medium where he stated that he is the one who created Bitcoin and it “was like a child to me.”
In his blog post, he stated his negative stance on WikiLeaks,
“I do not like Wikileaks, and I have never been a fan of Assange’s methods. More importantly, I am strongly opposed to criminal markets and bucket shops. Ross Ulbricht and others like him are criminals. They are not freedom fighters, they are not libertarians. They simply are predators, and they are all that Bitcoin was designed to make far more difficult.”
Twitter Feud Escalates
In response, WikiLeaks hit back with,
“Craig S. Wright is a proven serial forger of documents claiming that he is the inventor of Bitcoin. He has been repeatedly caught. This has been independently verified by WikiLeaks at the time of his first claim and subsequently.”

Well, it didn’t go down well with Craig Wright who took to Twitter to say this,
“Fake and fabricated news site that I wanted not to have anything to do with Bitcoin makes up more lies. Sorry, this is again, more fake news from Wiki – the lie factory that lies on how it promotes truth.”

And this one, “Do you know what good has come from Wiki leaks…Nothing. They are a fake news cesspool.”
The post WikiLeaks Blasts Craig Wright: Serial Fabricator who Claims to be the Inventor of Bitcoin appeared first on Coingape.
Source: CoinGape

Bitcoin SV’s [BSV] Craig Wright hits back at WikiLeaks as Twitter feud escalates

Craig Wright, the Chief Scientist at nChain and self-proclaimed Satoshi Nakamoto, the anonymous founder of Bitcoin [BTC], has long held a deep distaste for WikiLeaks and its founder Julian Assange. The organization has now hit back following Wright’s latest tirade on Twitter.
Julian Assange has long been a fanboy of the world’s premier cryptocurrency, Bitcoin. Back in 2014, during a Reddit Ask Me Anything (AMA), the founder of Wikileaks said that he held a lot of Bitcoins, calling it a “fascinating and complex subject.”
He said,
“There’s lots on bitcoin in my book – on my thoughts on it, and on WikiLeaks’ history with it. [Google’s] Eric Schmidt and I conversed for a while about it, and I also included a lot of notes to expand on my views. It’s a fascinating and complex subject, so I can’t possibly go through all of it.”
Assange has also reaped the success of the volatile digital asset, claiming that he invested in Bitcoin [BTC] back in 2010 after the US government placed, “an illegal banking blockage” against Wikileaks, preventing the public from using traditional payment services like Visa, MasterCard, and PayPal to donate to his organization. This made Assange turn to Bitcoin and he claimed his investment has soared by 50,000 percent since, posting a 7-year price chart of the top cryptocurrency in a tweet to show its rapid increase.
Craig Wright has always argued against the use of Bitcoin for criminal activity and he claims that WikiLeaks operates in similar circles. In a recent blog post titled, “Careful what you wish for,” he came out as the original Satoshi Nakamoto and voiced his negative stance against WikiLeaks.
He stated:
“I do not like WikiLeaks, and I have never been a fan of Assange’s methods. More importantly, I am strongly opposed to criminal markets and bucket shops.”
Wright even likened Assange to Ross Ulbricht, the American behind Silk Road on the Dark Net, which was the online marketplace for drugs, weapons, human trafficking and all other illicit and illegal activities. Early on, Bitcoin rose to prominence as being the currency of choice for criminals on Silk Road, a point which Wright still advocates against.
Following Wright’s verbal tirade against Wikileaks, the organization responded, calling the nChain Chief Scientist a “serial fabricator.” They stated,
“Serial fabricator who claims to be inventor of Bitcoin, Craig S. Wright, now claims that Bitcoin was always pro-state and that he always worked for the prosecution, as he tries to raise money for business project and escape court action.”
Wright, who is known to fight back, did not take things lying down as he launched a series of tweets directed at both WikiLeaks and Assange, calling the latter a “rapist,” owing to allegations that were made by the Swedish Prosecution Authority, which have since been dropped.
Craig Wright tweeted,
“Fake and fabricated news site that I wanted not to have anything to do with Bitcoin makes up more lies. Sorry, this is again, more fake news from Wiki – the lie factory that lies on how it promotes truth.”
He further called the organization,
“Yes, this absolute shit hole of a “news site” run by fools…
And they thing this quote means I liked them. What tools.”
Wright’s verbal jabs did not stop however,
“And… ow WikiLeaks it burns… being called names by a group of criminals founded by a rapist
Oh, how terrible we feel.
Oh no, a group founded by a Rapist does not like me”
And finally,
“Do you know what good has come from Wiki leaks…
Nothing.
They are a fake news cesspool”
The post Bitcoin SV’s [BSV] Craig Wright hits back at WikiLeaks as Twitter feud escalates appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC]: WikiLeaks provides evidence debunking Craig Wright’s claim to be Satoshi Nakamoto

Craig Wright, who claims that he is the real Satoshi Nakamoto, the genius behind “Bitcoin”, the cryptocurrency that took the world and more importantly, the government by surprise has been flagged as a “Serial Fabricator” by WikiLeaks, with evidence to back it up.
WikiLeaks known for its notorious leaks just put out alleged proof on Twitter suggesting that Craig Wright fabricated false truths out of thin air, by editing and/or forging. WikiLeaks tweeted,
Craig S. Wright is a proven serial forger of documents claiming that he is the inventor of Bitcoin. He has been repeatedly caught. This has “been independently verified by WikiLeaks at the time of his first claim and subsequently. https://github.com/CultOfCraig/cult-of-craig …”
According to WikiLeaks, Craig Wright, went back to edit his blog dated: August 26, 2008, and edited it by adding an important sentence related to how he was working on cryptocurrency.
His blog mentioned how he was spending his night and also detailed the things he would be involved in, like every other blog. One particular sentence which Craig Wright stated in the blog said,
“Tomorrow – back to the DNS  paper, my statistics dissertation and work
Tomorrow, Wolfgang Amadeus Mozart. Which piece, well that is still undecided”
As per WikiLeaks, Wright, more commonly known by the community as “faketoshi”, changed this sentence to the following,
“Tomorrow – back to the DNS paper, my statistics dissertation and work. I have a cryptocurrency paper out soon. Twenty years. Triple entry book keeping. BDO was good for something.
Tomorrow, Wolfgang Amadeus Mozart. Which piece, well that is still undecided.”
Craig Wright has been a pariah in the cryptocurrency ecosystem and is acknowledged as one by the likes of Ethereum’s Vitalik Buterin and others.
In his recent Medium blog post he mentions how he’s not a fan of WikiLeaks and Assange’s methods. The blog post read:
“More importantly, I am strongly opposed to criminal markets and bucket shops. Ross Ulbricht and others like him are criminals. They are not freedom fighters, they are not libertarians. They simply are predators, and they are all that Bitcoin was designed to make far more difficult.”
Commenting on the the issue, @ewaldkegel, a Twitter user commented:
” If Craig S. Wright really was Satoshi then we would have never known the name Satoshi. Modesty was never among his virtues.”
Another Twitter user,  @vovano_ commented,
“This was a kind guy gone completely crazy ;(#bitcoinSv is the minority chain of a minority chain #bcash)
This is a non event”
The post Bitcoin [BTC]: WikiLeaks provides evidence debunking Craig Wright’s claim to be Satoshi Nakamoto appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV [BSV] lead proponent Craig Wright in the news again as he claims he “was Satoshi”

nChain Chief Scientist Craig Wright has claimed that he “was Satoshi,” the infamous pseudonym behind the anonymous founder of Bitcoin [BTC] who surfaced in 2009 with the whitepaper that gave birth to the world’s first cryptocurrency.
This stark announcement by Craig Wright has certainly enraged the collective community with some planning on launching legal cases against him. Wright has done this before, the last occasion when he claimed he was Satoshi Nakamoto was back in November 2018. In an email to Roger Ver, Wright claimed he was the founder of Bitcoin, but this claim was dismissed as it was said in the heat of the Bitcoin Cash hardfork.
Now, in a Medium post titled “Careful what you wish for…,” Wright spells out his journey with the Bitcoin world, concluding with the revelation. He begins the piece likening himself to the Apple genius, Steve Jobs, and goes on to state that,
“When he started, Jobs was the outsider. He was rejected, and fought to grow what he was building each and every day. The attempted building of an alternative version of what I created goes against all I stand for. Yet, I allowed myself to get into such a position.”
Wright stated that, according to him, the intention behind Bitcoin was not to “help an anonymous money-transfer system,” and he did not want to operate outside the purview of the law. He further suggested that he despised people like Julian Assange, the man behind Wikileaks and Ross Ulbricht, the man behind Silk Road, the marketplace of the Darknet which became infamous for the rampant sale and purchase of guns, drugs and explosives, among others.
He described them as,
“They are not freedom fighters, they are not libertarians. They simply are predators, and they are all that Bitcoin was designed to make far more difficult.”
According to Wright, the Bitcoin blockchain is able to be controlled and should operate within the legal framework of its existence. It ought to be simple to trace, especially when the law has been breached, it should allow for a paper trail so that it can be audited effectively.
Wright’s vision of Bitcoin and the blockchain that powers it is one that is enshrined to the letter of the law and does not allow for any illegal activity. Bitcoin is a permanent and unalterable evidence ledger and hence, all information can be verified. He added:
“Bitcoin is an immutable data store, that is something that honest government desires.”
Silk Road was never the resultant application of Bitcoin, he said, adding that that, “No blockchain will ever be crime friendly.” He stated that Bitcoin is the cure from corruption and the ongoing increase in crime is due to its complete transparency of information transfers between the participants in the blockchain.
He went on to add,
“Silk Road was poison to me. I saw a decade of work corrupted, twisted, and for a time I despaired. Bitcoin was like a child to me. I saw a child who had lost their way and become the worst thing they could be.”
Wright also shed light on why Bitcoin’s cap stayed at 1MB as the creation of off-chain channels would allow extra information to be deleted and hence the law could be circumvented. He stated that this would allow the creation of another Silk Road.
He added:
“Bitcoin is the mirror of what I see, a world of work. We are stewards to wealth. We do not own it, it owns us, and we have to sacrifice daily to make the information flow to retain the right, not the privilege to help maintain the plumbing that is the conduit of life.”
Craig Wright concluded the blogpost stating that he was not going to list the names of the people who helped him get to Bitcoin, but he clearly stated that it was his, ‘idea, design, and creation.’
His final words in the post were:
“I was Satoshi.”
The post Bitcoin SV [BSV] lead proponent Craig Wright in the news again as he claims he “was Satoshi” appeared first on AMBCrypto.
Source: AMB Crypto

eToro reports Bitcoin SV blockchain used to pedal child abuse pictures; Craig Wright hits back

The chief scientist at nChain and vocal proponent of Bitcoin SV, better known as Satoshi’s Vision, was quick to hit back at eToro, after the latter, through The Next Web’s sub-brand “Hard Fork,” had accused BSV’s blockchain of being used to pedal child abuse pictures.
On February 4, the technology and business-centric website reported that Bitcoin SV’s community members increased the data accepted in transactions, allowing media files like audio, video, and images to be stored on the coin’s blockchain.
It further reported that Money Button, a payment app on the BSV network had processed a transaction which “uploaded” the image in question on the site. Given the immutable nature of Bitcoin SV, the image will remain on the blockchain, until a hardfork is initiated, reported the website.
A “spokesperson” told the website:
“Almost certainly, whoever posted this was trying to prove a point about inserting something illegal into the blockchain, since that content can never be removed.”
Jimmy Nguyen, the CEO of nChain stated that in light of this unfortunate incident, there may always be a chance that a culprit would use the blockchain to transmit illegal information. However, he also said that limited the data that could be carried was not the solution to the problem.
He stated:
“The answer does not lie in limiting the data capacity of the platform. Instead, responsible service providers operating on the BSV blockchain will take measures to prevent writing to or reading from the blockchain any content that is illegal.”
Nguyen further added that prior to unloading any sort of content on the blockchain, users are required to digitally sign in their data.
He added:
“Those digital signatures are admissible in courts of law to prove possession of illicit material and intent to distribute.”
Craig Wright wasted no time in replying to The Next Web’s piece, suggesting that the website is unnecessarily singling Bitcoin SV out, when the same is true for Bitcoin [BTC] and Ethereum [ETH] as well.
In a tweet, posted a day after the original article was published, Wright demanded an “extraction” of the same. Furthermore, he added that the Financial Service Authority [FSA], the chief regulator of the United Kingdom will be dragged into the matter if need be.
His tweet in full read:
“I am giving @eTorro the opportunity to retract this statement and apologise formally. The facts are, this is a claim on BTC AND ETH etc as well. The issue is extraction.
If not, we will have to look at action and to involve the FSA.”
The editor of Hard Fork, Dimitar Mihov responded to Wright’s tweet confirming the content of the article and Jimmy Nguyen’s acceptance that people could use the blockchain for illicit activities like the one reported.
Craig Wright launched a tirade of tweets to this, the most prominent of which read:
“The extraction of the illicit data (and for that matter the indexing of such) is a problem, but this is something outside of the Blockchain.
ETH and BTC are both known to have illicit material on them. So does Twitter and Facebook. The law accounts for this and allows OSPs that do not filter and transmit in no knowledge of what is incorporated are not liable.
Commercial nodes are protected. The idea of a “full validating node” could be at risk. But, ones that are OSPs is not.”
The post eToro reports Bitcoin SV blockchain used to pedal child abuse pictures; Craig Wright hits back appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] should to be stayed away from, SEC insider warns ChaChing’s Thomas Schulz

In what could be a sign of the troubles Tron may face, ChaChing Wallet’s CEO Thomas Schulz has claimed that he has received some ‘advice,’ requesting him to stay away from Tron. This development follows days after Tron and its community members were publicly slammed by Craig Wright on Twitter.
Craig Wright, notable for his not-so-diplomatic outbursts and takes on rival projects, had just slammed Tron as a ‘retarded project’ while also calling the many who support TRX ‘dumber than dirt’ recently.
According to Schulz, the advice which came to him from the well-connected United States Securities and Exchange Commission [SEC] insider simply asked him to “Stay away from Tron”. Whether this is true or not isn’t certain, but Schulz’s tweet caused quite a reaction online, with some suggesting this is part of another smear campaign launched against the Tron project.
Source: Twitter
And while Schulz outrightly dismissed his tweet being part of a smear campaign, he did emphatically state that Tron isn’t a fruitful project.
Source: Twitter
Schulz was, however, forthcoming to a lot of questions raised following his tweet. For instance, there were many who pointed out how the SEC would have jurisdiction considering Tron was a Chinese corporation, to which he replied:
“They have an office in the United States (San Francisco) & have US citizens holding a coin that could arguably be a security. Not to say that these are the reasons, but I’m merely reporting what I was told & the source was credible.”
What this warning/advice would mean for the Tron project and its community is unclear. However, if one were to believe it to be true, it puts American citizens who hold TRX coins at risk. And while Schulz has stated that he doesn’t know why the SEC would take any action against Tron so soon after the end of the government shutdown, he does suggest that it could be because there are American citizens holding a coin that is arguable security.
Source: Twitter
Schulz has also dismissed allegations of this ‘warning’ being an instance of insider trading as in his mind, it didn’t count as financial advice.
Finally, Schulz has also dismissed the notion that he’s spreading Fear, Uncertainty, and Doubt about Tron by stating:
“I can see the perspective of how this could be classified as FUD. I just know I’d regret/feel bad for not sharing information that came my way.”
The post Tron [TRX] should to be stayed away from, SEC insider warns ChaChing’s Thomas Schulz appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV [BSV] to revolutionize the world of peer-to-peer web payments, says Craig Wright

Craig Wright, the chief scientist at nChain and the biggest proponent of the Bitcoin Cash hardfork, Bitcoin SV [BSV] has formulated yet another breakthrough application for the two-month-old cryptocurrency.
In a Medium post titled, “Taking money over the web using Bitcoin – the way it was designed,” Wright spelled out how BSV could be used to enhance peer-to-peer online payments.
Keeping privacy at the core, Wright explains how the cryptocurrency can be accepted by a web server and how fiat currencies and other tokens can be exchanged through this application. nChain believes this innovation will allow a more structured, organized and efficient system of BSV transfer.
This application will use nChain’s patented technology for Deterministic Key Generation and Secure Split Key Technique and will also allow the Electronic Data Interchange [EDI] between the tools and messages.
Financial transaction recording systems will be greatly benefitted through this application in four different ways. Firstly, the hierarchical key structure allows for the creation of an identity key which will ensure authenticity and integrity when information is exchanged while sub-keys will be created for regular use.
Secondly, the keys can be used to show evidence of past transactions while maintaining privacy by separate allocation and dissemination of the keys.
Thirdly, the keys are tied together within the network and hence, any breach via one of the keys will prevent access to other “orders of purchases” of the client.
Fourthly, Wright has also accounted for the tax audits in these transactions. The application will allow public audits by the government’s tax authorities to be automated while sticking to the required legislative and accounting guidelines.
This latest application comes in line with Craig Wright’s Metanet project, which he calls, “The Fourth Industrial Revolution.” Through this project Wright wants to integrate the original 2009 Bitcoin blockchain onto the Internet, as announced post the hardfork in November at the Coin-Geek Week conference in London.
Bitcoin transactions will be used to transfer data that is compressed, data storage will be through blockchain transactions, thereby creating a more secure and economically efficient system, compared to the current technology.
Furthermore, this project will allow easier and more efficient ways to distribute web content and build e-commerce business models using Bitcoin’s micro-transactions.
Last week, the nChain chief scientist announced the “Smart-card-based mobile wallets,” which would use Bitcoin SV’s wallet to authenticate smart cards and even allow for a biometric scan. Wright explained that this technology could be used for passport and other document verification and also to encrypt data on computers.
The post Bitcoin SV [BSV] to revolutionize the world of peer-to-peer web payments, says Craig Wright appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV [BSV] Technical Analysis: BSV remains in the top-10 but fails to find momentum

Despite being just over two months old, Bitcoin SV has made its mark on the collective market. From being backed and lauded by Craig Wright as the true Bitcoin Cash to even overtaking BCH on the global coin ladder, for a brief spell albeit, BSV now caps off the top-10 and is ahead of major coins like Cardano [ADA], IOTA [MIOTA] and Monero [XMR].
Bitcoin SV is currently trading at $77.29 with a market cap of $1.35 billion at press time, leading Cardano by over $200 million. The cryptocurrency is best represented, in terms of trading volume on Bit-Z, accounting for $6.86 million or 11.48 percent of trading volume in the BCHSV/BTC trading pair.
1-hour
Bitcoin SV [BSV] Technical Analysis: BSV remains in the top-10 but fails to find momentumTwo prominent downtrends are observed in the one-hour BSV price chart, the first extending from $89.24 to $76.18 and the second one from $85.96 to $78.62, which occurred at the beginning of the week. Between the two downtrends, the coin experienced an uptrend from $75.77 to $85.48.
The immediate key support level for the coin is placed at $76.18, which the coin is inching towards. The key resistance level of the coin was $87.71 and has since dipped to $82.57.
The Chaikin Money Flow indicates that the coin is trading in a bearish market as the CMF line is below 0, showing that investors are withdrawing their money from BSV.
The MACD Line indicates that the coin moved into a bearish territory at 1200 UTC on 15th January.
The Bollinger Band indicates that the volatility of Bitcoin SV is decreasing as the price movement begins to decrease. The Moving Average line points to a bearish trend.
1-day
Bitcoin SV [BSV] Technical Analysis: BSV remains in the top-10 but fails to find momentumAfter the initial few weeks of the Bitcoin Cash hardfork, Bitcoin SV was on a steep downtrend extending from $210.35 to $86.52. From the close of November to mid-December, the coin enjoyed an uptrend from $41.43 to $67.81.
The immediate key support level of the coin is placed at $75.44, which the coin is nearing, while previous support levels were recorded at $69.09 and $49.92. The immediate key resistance level of the coin was recorded at $114.67, which the coin breached in December.
The Relative Strength Index shows a declining trend as investors are selling off their BSV coins, with the RSI pegged at 39.99.
The Parabolic SAR indicates a bearish market as the dotted lines are aligned below the coin’s trend line.
The Awesome Oscillator points to a bullish market as the AO lines have turned green.
Conclusion
Bitcoin SV has been on a declining trend since the coin began trading post the hardfork in November 2018. Despite a few brief uptrends in late-December and early-January, the coin’s price has been falling. All the major indicators are now pointing to a bearish spree, with coin closing in on its support level.
The post Bitcoin SV [BSV] Technical Analysis: BSV remains in the top-10 but fails to find momentum appeared first on AMBCrypto.
Source: AMB Crypto

“Terrible reporting”, Craig Wright on Reports of a Bill to Exclude Cryptocurrencies from Securities

A few days back, major media reported that two congressmen had proposed a bill to SEC, looking to have a new Act. The proposed bill seeks to remove cryptocurrencies from the 72-year-old securities definition and urged to define it under new Act called, ‘Token Taxonomy Act’.
“No, they’re not. Terrible Reporting”
Although it was widely discussed across the web and social media back in December 2018 Craig Wright, the nChain chief scientist addressed media today, stating that ‘it’s not real’. Nevertheless, SEC didn’t acknowledge anything officially yet. He pointed out to the report of CNBC as ‘Terrible reporting’ which was shared on Twitter, indicating that the proposed bill is ‘a sign Congress is taking the industry seriously and if it passes massive news for #crypto’.

https://twitter.com/ProfFaustus/status/1081603346912501762
When the report was first revealed, many users appreciate the efforts; as reported by Coingape, Anthony Pompliano said ‘Virus is Spreading’. Nevertheless, he said that the ‘new assets need proper and modern regulations’.

WHOA.
Two members of the House of Representatives are introducing a bill to exclude cryptocurrencies from the SEC’s definition of securities, according to @Kr00ney.
THE VIRUS IS SPREADING 🚀
— Pomp 🌪 (@APompliano) December 20, 2018

 
SEC and cryptocurrency have been a hotbed of talk so far and as such, the enforcement initiative is likely focusing on few aspects of cryptocurrency but not other issues concerning the crypto market. Contrary to Craig, other proponents and leaders in the crypto industry including Coincentre welcomed and encouraged the bill. It said that,
“We are happy to see continued action from Congress to implement common-sense clarifications and adjustments to the regulatory treatment of cryptocurrencies.”
Moreover, the bill is yet to be presented to the Securities and Exchange Commission and thus yet to be passed.
Citing Craig’s comment as ‘fake news’, what’s your stake? 
The post “Terrible reporting”, Craig Wright on Reports of a Bill to Exclude Cryptocurrencies from Securities appeared first on Coingape.
Source: CoinGape

Coinbase Still Fails to Enable Bitcoin SV Withdrawals

CoinSpeaker

Coinbase Still Fails to Enable Bitcoin SV Withdrawals

Coinbase is yet to allow its users withdraw their BCH SV since November’s hard fork. Since the highly publicized Bitcoin Cash hard fork, it has been reported that the exchange has not permitted its Bitcoin Cash holders to make Bitcoin SV withdrawals.

Coinbase Still Fails to Enable Bitcoin SV Withdrawals

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Source: CoinSpeaker

Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

CoinSpeaker

Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

As Bitcoin celebrates the 10th anniversary of the Bitcoin genesis block, bComm (Bitcoin Commerce) Association revealed an updated logo for Bitcoin SV (BSV). This new logo was to mark Bitcoin SV, as a rebirth of Bitcoin.

Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

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Source: CoinSpeaker

Craig Wright Fails to Win Over Federal Court, Multi-Billion Dollar Bitcoin Lawsuit Remains Open

CoinSpeaker

Craig Wright Fails to Win Over Federal Court, Multi-Billion Dollar Bitcoin Lawsuit Remains Open

Craig Wright has failed to bar a court case against him alleging that he swindled a former partner at least 300,000 bitcoins. A South Florida judge ruled that the case will continue.

Craig Wright Fails to Win Over Federal Court, Multi-Billion Dollar Bitcoin Lawsuit Remains Open

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Source: CoinSpeaker