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CLAIM DEBUNKED: The U.S. Copyright Office has dispelled the notion that it officially “recognized” Craig Wright as the inventor of bitcoin. “As a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials. The Copyright Office does not investigate the truth of any statement made,” the Copyright Office wrote in a press release. The response was prompted by Wright’s claim that, by accepting copyright registrations for bitcoin’s white paper and original code, the office had recognised him Satoshi Nakamoto. Full Story
CZ SUES: Binance founder and CEO Changpeng “CZ” Zhao is taking a unit of Sequoia Capital back to court after the VC investor’s case against him was dismissed. CZ claims Sequoia Capital China harmed his reputation and prevented him from raising money at favorable valuations. “The injunction order has caused loss to me for which I am entitled to reasonable compensation by Sequoia,” he said in a court filing. Full Story
MIXER BUST: The Dutch Financial Criminal Investigative Service has seized the website of bitcoin transaction mixer Bestmixer.io in a crackdown involving Europol and other authorities. Calling it the “first law enforcement action of its kind against such a cryptocurrency mixer service,” Europol alleged that much of the money that passed through Bestmixer.io “had a criminal origin or destination." As part of the move, police seized six servers based in Luxembourg and the Netherlands. Full Story
CRYPTO CAMPAIGN: Rep. Eric Swalwell is accepting donations in cryptocurrencies to support his bid for the U.S. presidency in 2020. Swalwell will accept six cryptocurrencies – bitcoin, ether, bitcoin cash, stellar, bitcoin SV and the White standard token – on a dedicated web page. The donations are being supported on the tech side by blockchain startup The White Company, which said it uses a stellar-based stablecoin allowing Swalwell “instant” access to any funds received. Full Story |
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SPONSOR SECTION  The blockchain story in 2019 is beginning a new chapter, one in which the questions executives are asking are tougher, more granular, more grounded, and more pragmatic. Is blockchain ready for prime time? 1,400 executives say yes. Learn the answers in Deloitte's 2019 Global Blockchain Survey. |
| LOOKING SOUTH: Bitcoin dived out of a narrowing price range on Wednesday, validating buyer exhaustion near $8,300 seen earlier this month. The range breakdown is also backed by bearish developments on the daily and 4-hour charts. The cryptocurrency, therefore, risks falling to $7,200 – the double-top neckline support – in the next couple of days. To invalidate the bearish outlook, the bulls must push prices back above $8,050. Full Story |
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BEST OF THE BEST
BITCOIN BOTTLENECKS: Thailand‘s Siam Commercial Bank may be about to launch a Ripple-powered remittance app, The Next Web reports. Images of the possible product, called SCB Easy, have been shared on Twitter, which sport the caption: “Send money abroad today at the cheapest rates via Ripple.” Since then, the bank has responded, tweeting “The information about ripple transfer will be [announced] soon.”
THE REST
DROPPED WALLET: Rabobank has abandoned plans for a cryptocurrency wallet, becoming the second Dutch bank to do so in just days. Also reported by TNW, Rabobank said that bearing customers in mind, it had decided “now is not the time to develop the idea further.” ABN AMRO also cancelled its Wallie crypto wallet product earlier this week.
BLOCKCHAIN OBSTRUCTION? South Korea’s Ministry of Science and Technology is launching the second phase of a blockchain study that will look at ways to improve regulation for the adoption of the technology across five major industries. The Block Chain Regulation Improvement Study Group was announced last June and aims to investigate if current rules are holding back innovation using blockchain and to suggest solutions.
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WHO WON #CRYPTOTWITTER  |
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