Crypto News 

Bitcoin price in free fall as cryptocurrency hits seven-month low

“Despite the latest price crash, some enthusiasts remain optimistic that bitcoin’s value will rebound” writes Anthony Cuthbertson for independent.co.uk. The price of bitcoin has hit a seven-month low, dropping by $400 over the last few hours to below $6,500.Bitcoin was trading at around $600 at the beginning of the week, before news that South Korean cryptocurrency exchange Coinrail caused its price to drop.The Independent’s bitcoin group on Facebook is the best place to follow the latest discussions and developments in cryptocurrency.Bitcoin’s price crash follows a hack on a cryptocurrency exchange earlier this week…

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Who is Craig Wright? The self-proclaimed bitcoin inventor sued for $5 bn

“Craig Wright, the self-proclaimed inventor of bitcoin, is accused for stealing $5 billion in bitcoin from a former business partner” writes Aastha Agnihotri for ibtimes.co.in. Wright, who lives in London with his wife, said in a 2016 blog post and interviews that he was the co-founder of bitcoin.Craig Wright, a computer ­scientist and businessman, is reportedly the person behind the pseudonym Satoshi Nakamoto, who in 2008 had published a paper describing a “peer-to-peer ­electronic cash system” — a technology Satoshi went on to develop as bitcoin. 2.Wright’s businesses have been…

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Bitcoin Miner Faces Suit For $5 Billion In Bitcoin

“The man who had claimed to be the founder of bitcoin is being sued for allegedly stealing $5 billion of bitcoin from his former business partner” reports pymnts.com. The suit claims that Wright was in the business of mining bitcoin with Dave Kleiman, who is now deceased.Now Kleiman’s estate, which is represented by his brother Ira, wants the bitcoin to be returned. Source: pymnts.com Share This:

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Bitcoin needs to be worth $1,000,000 to be a legitimate currency

“Named after the purported creator of bitcoin, Satoshi Nakamoto, a Satoshi is equal to 0.00000001 bitcoin” writes Mark Decambre for marketwatch.com. Check out: Bitcoin at crossroads after shedding billion in value In other words, the digital currency would need to see a 300 fold run-up from its current level.It is estimated that about 16 million bitcoins have been mined, with only a portion of those in current circulation.What’s more, digital currencies are underpinned by the so-called blockchain, a digital ledger that cannot be altered.Vitalik Buterin, the creator of the No.…

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Satoshi Citadel Industries Will Integrate XRP In Remittance And Mobile Money Services

“Whether or not a lot of people will use XRP for these remittance and mobile money services, remains to be seen” writes Jp Buntinx for livebitcoinnews.com. Using this digital asset for remittance services and mobile money solutions is a whole different ballgame.Satoshi Citadel Industries firmly believes XRP is a valuable asset. Source: livebitcoinnews.com Share This:

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Blockchain Academy Partners Satoshi Centre to Boost Bitcoin Education in Botswana

“The South African-based Blockchain Academy is to collaborate with the Satoshi Centre to drive bitcoin and blockchain education in the African nation of Botswana” reports cryptocoinsnews.com. Sonya Kuhnel, managing director of the Blockchain Academy, said that there is a call for blockchain skills in South Africa with Botswana pegged to see an increase in demand too.Earlier this month, a Blockchain Academy was launched in the south Indian state of Kerala where it will endeavor to research and provide consulting with blockchain technology.According to an announcement from the Blockchain Academy, a…

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Craig Wright Teams Up With Wanted Criminal Calvin Ayre For Blockchain Patent Venture

“Together with Calvin Ayre, Wright is now looking to patent bitcoin and blockchain technology” writes Jp Buntinx for livebitcoinnews.com. Both men are now in league with one another to patent bitcoin and blockchain technology in yet another desperate grab for attention. In most cases, private blockchain technology will be used, which aims to mimic what bitcoin does without decentralization.However, he somehow got the attention of fugitive online gambling entrepreneurs Calvin Ayre.To be more specific, no one can control the bitcoin blockchain, which makes it immune from patent claims as well. Source:…

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