Scottish Novelist Andrew O’Hagan Asked to Testify in Kleiman v. Wright Lawsuit

The high profile billion dollar bitcoin lawsuit, Kleiman v. Wright, has continued into the new year. The Kleiman estate’s legal team filed for a protective order to prevent the deposition of Wright’s ex-wife on January 13, 2020. Additionally, the plaintiffs and defendants have scheduled a slew of fact and expert witness depositions for the next three weeks. Deponents mentioned in the court filing include crypto expert Andreas Antonopoulos and the Scottish novelist Andrew O’Hagan may tentatively be deposed as well. Also read: Kleiman Estate Asks Judge to Overrule Craig Wright’s…

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HSBC Closes 2 Branches Following New Protests in Hong Kong

HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend overnight services at 19 other ATM locations on weekends and public holidays. Also read: Crypto Banks Gain Regulatory Recognition Across the Globe ATMs in Protest Hotspots Closed The affected teller machines are located in common protest hotspots, Reuters reported. Besides the two…

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Happy Birthday Bitcoin! Here’s a Look at Bitcoin’s 11th Year by the Numbers

On January 3, 2009, the pseudonymous developer(s) Satoshi Nakamoto bootstrapped the Bitcoin network by mining its first ever block, block 0. The Genesis Block, as it has become known, came etched with a message that would invariably position Bitcoin as an alternative monetary system to rival the realm of central banking: “Chancellor on brink of second bailout for banks,” the memo read, in reference to a headline about the U.K. government’s actions during the global recession of 2008 and 2009. The rest, as you no doubt know, is history. Eleven…

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Proof of Keys Day Returns on Bitcoin’s 11th Birthday

Last year’s inaugural Proof of Keys day didn’t see massive amounts of bitcoin withdrawn judging by onchain data – but it did serve to educate a community. Trace Mayer’s call to arms also put exchanges on notice, with some disabling withdrawals, citing unscheduled maintenance. Here’s what the crypto community has to say about today’s event, which coincides with another watershed – Bitcoin’s 11th birthday. Also read: A Deep Dive Into Satoshi’s 11-Year Old Bitcoin Genesis Block Proof of Keys Day MKII “All you HODLers of Last Resort, I encourage you…

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How Bitcoin Adoption Will Help India Achieve Its $5 Trillion Economy

India has been one of the most notable emerging economies in the world in the last few decades. It currently stands at seventh place with a nominal GDP of $2.72 trillion and it is expected to overtake the United Kingdom in years to come. India’s PM Narendra Modi envisioned a dream of making India a $5 trillion economy by 2024. But achieving that dream for a country with a population of 1.3 billion might be a challenge if the current economic performance is to be considered. Indeed, bitcoin adoption in…

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A Deep Dive Into Satoshi’s 11-Year Old Bitcoin Genesis Block

11 years ago today, Satoshi Nakamoto launched the Bitcoin network at approximately 18:15:05 UTC and the world hasn’t been the same since. The Bitcoin blockchain came to life on January 3, 2009, and so far, more than 600,000 blocks have been mined into existence. Nakamoto’s genesis block is special and the hardcoded block has a few unique characteristics compared to the rest of the chain of blocks that followed. Also Read: BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed The Genesis Block This week the cryptocurrency community…

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Restoring Trust in Crypto and Government Institutions

Governments and crypto institutions don’t get along most of the time. Due to the nature of both systems in a perfect world, they will never need each other. Bitfinex managed to restore trust as the US law enforcement aided in the recovery of 27.66270285 bitcoins. The bitcoins received by the government were only a piece of the stolen funds back in 2016. After the security breach was found out, Bitfinex asked many enforcement agencies for help. They launched a global investigation to track the 119 756 BTC which were stolen…

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Ticker Tool Uses the BCH Blockchain to Provide Reliable Rate Data

Instantly verifiable, unhackable and forever retrievable are some of the key features of information stored on a blockchain. These are also the characteristics that traders of various assets, commodities and currencies would appreciate when it comes to the price data they are using. The team behind the Blitz Ticker project have decided that’s exactly what they need, too. Also read: Skrill Now Lets You Swap BTC for BCH Blitz Ticker Offers Current Price Data for Cryptocurrencies Blitz Tickdata is a platform that aims to become the world’s first rate publisher…

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Why Double Spends on BCH Are Not the Same as Replace-By-Fee Fraud

When it comes to creating a peer-to-peer electronic cash system, accepting zero confirmation transactions becomes critically important. When a model’s main aim is to “just hodl” or push an isolated store of value narrative, important concerns like double spending can take a back seat, potentially opening a network to serious attack. A recent video demonstrating this risk saw some claiming such weaknesses are equally exploitable on the BCH chain. However, as the Replace-By-Fee (RBF) protocol isn’t part of the BCH codebase, the claims can be easily refuted and as such,…

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