Want to fight against Craig Wright’s ‘ownership’ of Bitcoin? Here’s what to do

The computer scientist claims to have “invented” Bitcoin. And he is now forcefully taking over the asset’s open-source whitepaper. Take down the whitepaper Controversial Australian computer scientist Craig Wright is now threatening to sue the Bitcoin.org website, which hosts the asset’s nine-page whitepaper, among others, years after he first started to claim ownership of having…

Author Dee Bowden to Release ‘Collect the Cash’ in April 2021

[embedded content] Author Dee Bowden will release her new book “Collect The Cash” in April 2021. “Collect the Cash: The Sale is not Complete Until the Money is in the Bank!” focuses on the reality that the sale is not complete until the money is collected. “Collections are uncomfortable for everyone involved on both ends…

What does the January 15 deadline hold for Tether, the world’s biggest stablecoin

Tomorrow is an important date for the issuers of Tether, a USD-pegged stablecoin. But what does it mean? Tether, the crypto heartbeat Tether Limited, the company behind the widely-used Tether (USDT) stablecoin, will submit several documents explaining its legality to the New York Prosecutor’s Office tomorrow, Jan. 15, before the deadline expires. It is believed…

Brad Garlinghouse answers tough questions on Ripple (XRP) lawsuit

The Ripple co-founder allegedly pocketed hundreds of millions from illegal XRP sales, among other allegations. Garlinghouse speaks up Ripple co-founder Brad Garlinghouse took to Twitter this morning to explain his side of the story amidst the ongoing US SEC lawsuit against the payments processing firm and issuer of XRP tokens. To recap, Ripple was hit…

Ripple “partner” MoneyGram now says it never used XRP or RippleNet

The punches keep on coming for Ripple, days after the SEC launched a defining lawsuit against the company and its founders for having sold “unlicensed” securities in the US, MoneyGram distances from Ripple International payments processor MoneyGram distanced itself from Ripple yesterday as various charges were levied against the company and its founders. In a…

XRP falls 17% as Ripple faces US SEC action

The issuer of XRP tokens has come in the regulatory crosshairs for their alleged illegal distribution. Lawsuit coming for Ripple Ripple faces a class-action lawsuit from US authorities for its alleged involvement in the illegal issuance and distribution of XRP tokens, financial publication WSJ reported today. CEO Brad Garlinghouse expressed his frustration in this regard…

Top Silicon Valley VC defends crypto amid proposal of controversial Treasury rule

Yesterday, the U.S. Treasury’s FinCEN branch confirmed that it is working on cracking down on crimes enabled by Bitcoin and other cryptocurrencies. A to-be-published document from the Financial Crimes Enforcement Network indicated that the rule will force virtual asset service providers to verify the name and address of non-custodial wallet users for any transaction exceeding…

One of Bitcoin’s earliest users might soon get a U.S. presidential pardon

Silk Road founder Ross Ulbricht, who operated the dark web site from 2011 to 2013 before his arrest, could soon get pardoned by US President Donald Trump if things work out.  Silk Road was among the first public businesses to use Bitcoin, a move that helped bolster the asset’s use case. Bitcoin adoption to a…

Crypto “bank” Cred files for bankruptcy after alleged multimillion fraud case

Crypto lending firm Cred filed for a voluntary Chapter 11 case in the United States Bankruptcy Court for the District of Delaware to explore strategic alternatives, including, without limitation, the restructuring of its balance sheet or the sale of its business as a going concern, in a court-supervised process, it said in a release on…