Connect with us

Blockchain

Craig S. Wright Claims to Own Mt. Gox’s Stolen Bitcoin in Latest Letter

Published

on

Key Takeaways

  • Craig S. Wright has claimed two more Bitcoin addresses as part of his dubious efforts to be recognized as Satoshi Nakamoto.
  • One of those addresses holds BTC stolen from Mt. Gox, meaning that Wright has inadvertently tied himself to a crypto crime.
  • It is unlikely that Wright owns the address or the stolen funds.

This Exchange News was brought to you by OKCoin, our preferred Exchange Partner.

Share this article

Controversial Bitcoin figure Craig S. Wright has claimed ownership of two more Bitcoin addresses in his latest legal filing.

One of those addresses, widely known as the “1Feex” address, contains funds stolen from Mt. Gox in 2011.

Why Did Wright Claim Stolen Bitcoin?

Wright aims to prove that he is Bitcoin creator Satoshi Nakamoto, a highly dubious claim in and of itself.

As evidence, Wright often claims to own early Bitcoin addresses with substantial balances. The “1Feex” address with the stolen Mt. Gox funds meets both conditions, as it originally received funds in March 2011, and it currently has a balance of 79,900 BTC ($755 million).

Of course, by claiming that address, Craig S. Wright has also implicitly admitted to being involved in the Mt. Gox theft of 2011.

Wright’s letter makes no mention of Mt. Gox.

OKCoin - With USD

According to that letter, the “1Feex” address belongs to an address that is part of the Tulip Trust, a group of companies that allegedly control early Bitcoin funds.

Wright, naturally, intends to recover those funds.

Does Wright Own the Address?

It is improbable that Craigh S. Wright owns the “1Feex” address.

Wright has claimed hundreds of other Bitcoin addresses in the past, but other Bitcoin users have come forward to prove ownership of those addresses by signing messages with their keys.

Cred - Safe and sound

In today’s letter, Wright claims that he lost the keys to the “1Feex” address during a theft in February. This means that he cannot sign messages or transfer money from the Bitcoin address—while a supposed thief would have the ability to do so.

There is no evidence that anyone stole the address from Wright, but his argument does shift the burden of proof in a different direction.

Is Craig Wright Unstoppable?

The fact that Wright has accidentally tied himself to a crime will damage his already abysmal reputation within the crypto community.

However, that does not necessarily mean that the news will have any impact on any court cases that he is involved in, or that it will prevent him from attempting to file future lawsuits.

Some commentators have suggested suing Wright for claiming to own stolen funds, but it isn’t clear that doing so would be practical.

Though Wright’s past legal cases have not ended in his favor, he has not shown an interest in backing down—meaning that this controversy could continue for years to come.

Share this article

Source: https://cryptobriefing.com/craig-wright-claims-own-mt-goxs-stolen-bitcoin-latest-letter/

Blockchain

DOT, LINK & UNI Price Race To Dip Below $10, Who Will Reach First?

crypto down trend

The post DOT, LINK & UNI Price Race To Dip Below $10, Who Will Reach First? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Polkadot Price Down By More Than 21% The Polkadot price may revist lower levels after initiating a fresh slump since the present trading day. The price dropped on an average of 20% for the consecutive second day and hence new low levels may be fast approaching.  The price touched its peak during mid-may, just before …

Published

on

Polkadot Price Down By More Than 21%

The Polkadot price may revist lower levels after initiating a fresh slump since the present trading day. The price dropped on an average of 20% for the consecutive second day and hence new low levels may be fast approaching. 

The price touched its peak during mid-may, just before the crash and dipped later following the market crash. Since then the price continued to trend within a narrow region forming new resistance and support levels. However, with the recent dump, the price broke the support levels around $15.7 and continued to decline. 

dotprice

At the time of writing, the DOT price is $14.08 with a dip of 21.18% in the past 24 hours. However, the next leg down may also be a buying opportunity as a rebound could be on the cards.

Technical Specifications

  • The resistance levels are at $24.78
  • The support levels are at $7.94
  • Indicators point out towards a strong sell

The LINK price recorded its bullish price a week before on 15th June. And later the plunge dragged the price close to $15. However, it broke the support levels at $19.7 and could test the next support levels if the dip continued. 

The RSI failed to surge above the 50 levels in the daily chart and began plunging at the end of May 2021. Currently, the levels are on the verge to enter the oversold area, depreciating the value to a large extent. 

linkprice

At the time of writing, the LINK price is $16.13 with a huge drop of 12.71% in the past 24 hours. However, if the price finds its way up in a coming couple of hours, a decent rebound may be imminent. Else may further slip towards the next support levels.

Technical Specifications

  • The resistance levels are at $26.5
  • The support levels are at $10.29
  • Indicators point out towards a strong sell signal

Uniswap Price Declines By More Than 10%

The UNI price plunged hard since it reached its highest levels close to $50. The initial decline dragged the price to $17 and continued to dip to current levels after a considerable surge. The price broke the support levels for the second time and hence forming a double bottom pattern.

uniprice

At the time of writing, the UNI price is $15.56 with a notable dip of 11.99% in the past 24 hours. The RSI levels are also dropping considerably and on the verge of a trend in the oversold area. The previous dip also had dragged these levels in the same region, yet a surge could not above 50.

Technical Specifications

  • The resistance levels are at $24
  • The support levels are at $7.5
  • Indicators point out at a sell signal

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinpedia.org/uncategorized/dot-link-uni-price-race-to-dip-below-levels/

Continue Reading

Blockchain

Bitcoin Sees Largest Exchange Inflows Since March 2020 Crash

Another bearish signal for Bitcoin as the cryptocurrency sees the largest exchange inflows from external wallets last seen in March 2020.

Published

on

Table of Contents

Rate this post

Another bearish signal for Bitcoin has been looming around the corner with the digital asset seeing the largest inflows from external wallets to spot exchanges last seen in March 2020, signifying investors are ready to sell-off their holdings.

Bitcoin Sees the Highest Daily Spike in Exchange Inflows

Having already lost over 50% of its value from its all-time high in just two months, numerous technical indicators are signaling Bitcoin towards even more adverse price reactions.

Following reports of the digital asset crossing the much-dreaded “death cross”, new on-chain data reveals that investors are depositing massive portions of their holdings to exchanges in order to cash out their holdings.

READ  Gazprom’s Oil Unit Opens Crypto Mining Farm at One of Its Drilling Sites

For instance, data from CryptoQuant shows that on June 21 Bitcoin saw the highest daily spike in inflows from external wallets to spot exchanges, last seen during the COVID-19 induced March 2020 crash, that took the cryptocurrency to as low as $3,000.

Even though the leading cryptocurrency has recovered more than $10,000 from the previous weeks, the digital asset has indeed weakened due to China’s brutal crypto crackdown.

Stablecoin Inflows Drop Considerably

At the same time, data from CryptoQuant indicates that the stablecoin inflows to exchanges seem to have dropped as investors turn bearish on Bitcoin.

For instance, during the first five months of the year, the circulating supply of stablecoins was on a steady rise and accelerated somewhat as the market sold off in May. However, stablecoin issuance came to a standstill at the beginning of June as bearish trends took over the Bitcoin market.

READ  Altcoins Notch Multi-Year Highs as Bitcoin Price Move Towards $60K

Since then, stablecoin inflows to exchanges have fallen to their lowest level last seen in October 2020.

Usually, stablecoin inflows are viewed as bullish catalysts. However, CryptoQuant’s recent newsletter warns of similar spikes in stablecoin issuance in the past followed by a prolonged price declines:

 “After the bottom of the last bear market (2018-2019), we saw a steady rise in issuance events. At the top (June 28, 2019) of this bullish period, there was a large issuance event (the two big spikes in July-August 2019 are due to USDT ETH issuance). It looks like the same is happening right now.”

#Bitcoin #Bitcoin Inflows

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/bitcoin-sees-largest-exchange-inflows-since-march-2020-crash

Continue Reading

Blockchain

Dogecoin Gets Hit the Hardest Among Top 10 Coins, Plunges Over 20%

Dogecoin has gotten hit the hardest among the top 10 coins and saw its second-worst day of the year on June 22 by plunging down over 36% to $0.17.

Published

on

Table of Contents

Rate this post

Meme-based cryptocurrency Dogecoin gets hit the hardest among the top 10 coins and saw its second-worst day of the year on June 22 by plunging down over 36% to $0.17, the lowest level since Apr. 23.

Dogecoin Gets Hit the Hardest Among Top 10 Coins

On May 19, joke cryptocurrency Dogecoin shed over 55% within a single day, but it managed to climb back to almost half of the losses before the daily close.

The meme-based coin is currently trading 77% lower since May 8, from its current all-time high of $0.74 on May 8. The market cap, which was $34.97 billion on June 21, has now slid down to $27.22B in just the last 24 hours.

READ  Crypto Market Hits $200 Billion, Bitcoin Rallies To $7K: BCH, LTC, EOS, ADA Analysis

Dogecoin is currently the biggest loser among the top 10 cryptocurrencies, plunging over 20%, despite major altcoins like XRP, Binance Coin, and Polkadot experiencing double-digit losses.

The value of popular cryptocurrencies remained weak on June 22 after the crypto market witnessed a massive crash a day earlier, following China’s intensified crackdown on Bitcoin.

Over the bigger picture, Dogecoin looks weak that needs upside catalysts to rebound from current levels.

For instance, if Dogecoin declines below the support at $0.25, it will head towards the next support level at $0.2250. A successful test of the support at $0.2250 will push the cryptocurrency towards the next support at $0.2150.

Dogecoin-Branded NASCAR Crashes Like DOGE

Stefan Parsons’ car emblazoned with the Dogecoin logo crashed into the wall during Stage 2 at Nashville Superspeedway on June 19th. Fans of meme-based cryptocurrency fans pushed the hashtag #dogecar trend on Twitter.

READ  Vitalik Buterin Reveals Making $4.3M from $25,000 Investment in Dogecoin

The car was sponsored by Springates, a manufacturer of auto parts whose CEO is a DOGE enthusiast. Parson escaped unhurt but the value of the cryptocurrency did not.

DOGE has a long history on the NASCAR tracks. In April 2014, for instance, Dogecoin fans raised 68 million DOGE worth about $42,000 at the time, via a Reddit campaign to sponsor Josh Wise’s Ford Fusion car. Interestingly, Wise raced in the same team as Stefan Parsons’ father Phil.

#DOGE #Dogecoin

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/dogecoin-gets-hit-the-hardest-among-top-10-coins-plunges-over-20

Continue Reading

Blockchain

VanEck to Launch a Mutual Fund that Invests in BTC Futures

Global investment manager VanEck has recently filed an introductory prospectus to launch a mutual fund that put its money into BTC Futures.

Published

on

Table of Contents

Rate this post

Global investment manager VanEck has recently filed an introductory prospectus to launch a mutual fund that put its money into BTC Futures through its Cayman Islands-based subordinate. Rest, it has been revealed that the fund may also put some of its unsettled assets into the United States treasuries. 

VanEck to Initiate a Mutual Fund That Invests in BTC Futures

The Bitcoin Strategy Fund is not going to have any exposure to the spot price of the top crypto asset and it said:

“The Fund seeks to achieve its investment objective by investing, under normal circumstances, in bitcoin futures contracts (“Bitcoin Futures”), as well as pooled investment vehicles and exchange-traded products that provide exposure to bitcoin (together with Bitcoin Futures, “Bitcoin Investments”). The Fund does not invest in bitcoin or other digital assets directly.”

In addition to this, it has already been reported that the global investment manager VanEck has filed requisitions for both Bitcoin and Ethereum ETFs earlier this year.

However, the United States Securities and Exchange have not approved any of them as of yet. 

Moreover, the SEC has initiated the process of looking for additional comments to affirm whether or not it should checklist the Bitcoin ETF proposal of VanEck.

Mike Novogratz Comments on China Crypto Crackdown

The CEO of Galaxy Digital, Michael Novogratz has recently released a statement sharing his opinion on the effect of the ongoing China crackdown on crypto.

Novogratz took it to Twitter and said:

“China news isn’t good. Xi is an authoritarian leader who wants control over things. $BTC is the opposite of authoritarianism. Chinese citizens will always find a way to move assets outside the system but they are making it harder. Will take some time to play out. Keep the faith.”

Novogratz is sure that the Chinese Crypto owners will be able to shift their assets outside China, but it will take some time.

READ  Block.One Social Media Platform Voice Announces its Launch

#BTC futures #Mutual Fund #VanEck

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/vaneck-to-launch-a-mutual-fund-that-invests-in-btc-futures

Continue Reading
Gaming21 mins ago

Marvel’s Avengers Bug Causes IP Address to be Displayed Onscreen

Gaming21 mins ago

Marvel’s Avengers Bug Causes IP Address to be Displayed Onscreen

Gaming21 mins ago

Marvel’s Avengers Bug Causes IP Address to be Displayed Onscreen

Gaming21 mins ago

Marvel’s Avengers Bug Causes IP Address to be Displayed Onscreen

Aviation22 mins ago

How Aviation Fuel Supplies Continued Throughout The Pandemic

Crowdfunding41 mins ago

Switzerland based Relai, Provider of a Bitcoin Investment App, Acquires CHF 2.5M in Capital from Swiss VC Redalpine, Others

Crowdfunding44 mins ago

Canadian E-Commerce Growth World’s Second Largest

Aviation46 mins ago

Citing “Insiders” Swiss Public Television Says The F-35 Has Won The Swiss Air Force Fighter Jet Evaluation

Crowdfunding46 mins ago

Klarna’s Second 2021 Raise Sees Valuation Top $45B

AR/VR55 mins ago

Walkabout Mini Golf Swings Onto SteamVR in July

Esports56 mins ago

The best support gods in Smite

Esports58 mins ago

New Marvel’s Avengers patch displays players’ IP addresses on screen

Esports1 hour ago

Here are the week 7 challenges in Destiny 2’s Season of the Splicer

Esports1 hour ago

Best trackball mouse for gaming

Aviation1 hour ago

A Brief History Of Frankfurt Airport

Big Data1 hour ago

The Word “WORD” Has 13 Meanings

Energy1 hour ago

Global Polyurethane Dispersions Markets 2021-2025 – High Demand from Textile and Leather Industries Industrial & Development in Emerging Countries

Esports1 hour ago

How to complete Prime Icon Moments Garrincha SBC in FIFA 21 Ultimate Team

Esports2 hours ago

4 Shurima cards revealed for Legends of Runeterra’s Rise of the Underworld expansion

AR/VR2 hours ago

Blaston Reverses Facebook’s VR ad Testing After Backlash

Energy2 hours ago

Orion Metal Exchange Extends “Fee Free Precious Metal Buyback Program”

Aviation2 hours ago

Avelo Airways Is Giving Away 500 Return Flight Tickets For Free

Aviation2 hours ago

Portuguese F-16AM Fighting Falcons, C-295 VIMAR Among The Highlights Of Lajes Spotters Day 2021

Energy2 hours ago

American Made Tactical Supports US Job Creation To Help Keep America Working

Esports2 hours ago

VCT Stage 3 predictions: What we expect from the final stretch of VALORANT’s first circuit

Esports2 hours ago

ACNH Warm Painting: Everything You Need to Know

Esports2 hours ago

VALORANT’s Episode 3: Reflection and KAY/O are now live

Esports2 hours ago

Emboar Blast Burn Pokemon GO: How to Get Blast Burn for Emboar

AR/VR2 hours ago

Quest Exclusive ‘Little Witch Academia: VR Broom Racing’ Releasing on PC VR & PSVR July 15th

Esports2 hours ago

Tepig Community Day Pokemon GO Guide

Trending