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Craig Wright Wants to Prove He’s Bitcoin Creator Satoshi, In Court

Craig Wright Wants to Prove He’s Bitcoin Creator Satoshi, In Court

‘Bitcoin Creator’ Craig Wright Drags Critics to Court to ‘Prove’ He’s SatoshiCraig Wright would rather face a judge than the court of public opinion. | Source: Shutterstock Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here.By CCN: Australian crypto entrepreneur Craig Wright insists he’s bitcoin inventor Satoshi Nakamoto and is eager to prove his claims in court.On April 14, Wright fired off several angry letters, threatening to sue crypto podcaster Peter McCormack and Ethereum co-founder Vitalik Buterin.Wright accused McCormack and Buterin of defaming him when they called him “a fraud” and said he was lying when he says he’s Satoshi Nakamoto.Craig Wright: Vitalik Buterin Defamed MeWright told Bloomberg he’s targeting Buterin and McCormack because they’re high-profile members of the crypto community, so what they say carries some authority.“I am mainly seeking people who have a perceived authority within the cryptocurrency industry, so Vitalik and Peter McCormack. They have been sent the opening letter outlining the case already.”“This will give me the chance to prove my credentials in front of a judge rather than being judged by Twitter.”Wright: Mass Online Attacks Was the Breaking PointWright says he decided to file his lawsuits after being barraged on Twitter with nasty, personal attacks.He says this was the breaking point because it really crossed the line. Wright has since deleted his Twitter account.“I have said for a long time: ‘Challenge the science, not personalities.’ But that has been apparently impossible, so I’ve reluctantly had to take this step so that we can move on a ‘get back to the science,’ where I happily and openly debate ideas and concepts.”Craig Wright Allegedly Submits Fake E-Mail In Dave Kleiman Lawsuit https://t.co/xvEyHbqo3b— CCN.com (@CCNMarkets) April 16, 2019Wright: Critics Fear Me Because I Expose Their LiesCraig Wright first made the claims that he’s Satoshi in 2016 and has since repeated those assertions.Wright says the industry’s hostility toward him is an attempt to silence him because he calls out bitcoin as a fraud and champions Bitcoin Satoshi Vision (BSV) as the one true bitcoin.“This is a desire to silence me. They see an end to the scams, the pumps and lies…and they are afraid.”“Anybody who reads the White Paper can see quite clearly that BSV is the only coin that reflects that paper and has proved it’s the only coin that can scale right now.”Binance Delisted BSV This WeekInterestingly, Wright is not suing Binance CEO Changpeng Zhao, even though he, too, called Wright “a fraud.”Zhao followed up by delisting BSV from the Binance cryptocurrency exchange this week.Master piece! You have my full support, Peter.To be clear, I don’t choose sides on technology. We let market do that. I am against fraud, such as lying to be someone. As such, it is my strong opinion that:Craig Wright is fraud. https://t.co/f9ihSD6Pr3— CZ Binance (@cz_binance) April 15, 2019Lastly, anyone who supports BSV from a tech perspective should be attacking the fraudulent Craig Wright, who is poisoning YOUR community, and not attack the rest of the world.Anyone thinking CW is Satoshi should read about how a private key works, ie, learn about crypto.— CZ Binance (@cz_binance) April 15, 2019Bitcoin Cash Fork Spawned Warring FactionsAs CCN reported, a crypto civil war erupted in November 2018 when Bitcoin Cash (BCH) underwent its contentious hard fork. The fork resulted in feuding camps:Bitcoin SV (Satoshi’s Vision): This group is backed by Craig Wright and Calvin Ayre, the owner of CoinGeek.Bitcoin ABC (Adjustable Blocksize Cap): This camp adheres to the “official” Bitcoin Cash road map, which is supported by most node operators, and is endorsed by Bitcoin Cash proponent Roger Ver and Jihan Wu, co-founder of mining giant Bitmain.Calvin Ayre claims BSV is the “real bitcoin,” while the original cryptocurrency — which preceded Bitcoin SV — is an impostor. Craig Wright agrees.“[BTC] is a sham bitcoin,” Wright has said. “BSV is what bitcoin was, and is the only way it works.”Bitcoin Price Will Crash to Zero Says Bitcoin Cash Founder Calvin Ayre https://t.co/34ZrOZVJhu— CCN.com (@CCNMarkets) December 17, 2018 About The AuthorSamantha ChangSamantha Chang is a financial editor who writes about politics at BizPac Review, about business at CCN, and general news at HVY. She is a law school graduate and an alum of the University of Pennsylvania who enjoys finance, flowers, and fitness. You can find her on Twitter at Samantha_Chang.
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Hackers made $32K in 7 weeks by fixing bugs in cryptocurrency projects

Hackers made $32K in 7 weeks by fixing bugs in cryptocurrency projects

In the past seven weeks, white hat hackers earned at least $32,150 by fixing security flaws in popular cryptocurrency and blockchain platforms like TRON, Brave, EOS and Coinbase.
According to data reviewed by Hard Fork, 15 blockchain-related firms have paid rewards to security researchers between March 28 and May 16, split across 30 publicly-released bug reports.

Omise, the software firm behind cryptocurrency OmiseGo, fielded the most fixes (six). Blockchain-powered prediction market Augur disclosed three reports, as did Brave Software, makers of the Brave browser, which features its own native token.

Projects adjust their HackerOne rewards to the severity the discovered security flaws. Whilst the majority of Omise’s reports were only worth around $100 each, other payments in the past seven weeks were much higher.
Block.one, the firm behind the EOS “blockchain,” rewarded one hacker with $10,000 for a single fix, as did budding network Aeternity.
TRON also paid $3,100 to the researcher who realized the network was susceptible to being flooded with malicious smart contracts, which would have brought its blockchain to a screeching halt.
The amount of hackers who prefer to fix security issues seems to be remaining steady — but sometimes they can make off with much bigger amounts exploiting vulnerabilities themselves.
Indeed, cryptocurrency exchange Binance revealed attackers had successfully stolen 7,000 BTC (then $40 million, now $55 million) from its own wallets last week.
Coincidentally, Binance runs its own bug bounty program with a maximum reward of $100,000 for the most critical of vulnerabilities. The Binance hacker remains at large.

Published May 20, 2019 — 15:21 UTC

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ABN AMRO signs on Accenture and ING Bank for its blockchain inventory platform

ABN AMRO signs on Accenture and ING Bank for its blockchain inventory platform

Despite abandoning plans to build its own Bitcoin wallet, ABN AMRO is not quite done with blockchain tech.
The Dutch banking giant has announced plans to launch a decentralized trade inventory platform in collaboration with Accenture and ING Bank, according to a press release (spotted by CoinDesk).

Codenamed Forcefield, the project will employ Internet-of-Things (IoT) devices to provide “real-time insight into trade inventories.” ABN AMRO claims the platform’s monitoring features “will lead to more secure physical handling processes and a reduction of costs.”
Upon launch, the project will focus on “refined metals,” but “functionality will be expanded across other dry bulk commodities” in the future.
In addition to ING and Accenture, a number of other companies – including Anglo American, CMST International, Hartree Partners, Macquarie, Mercuria, and OCBC Bank – have also signed a memorandum of understanding to join Forcefield.
Back in January, ABN AMRO teased plans to develop its own cryptocurrency wallet, called Wallie. But as Hard Fork reported, the bank has now ditched Wallie as cryptocurrencies are still “too risky.”
“We have approached all the people who have shown interest,” ABN AMRO press officer Jarco de Swart told Hard Fork. “We have concluded that cryptocurrencies because of their unregulated nature are at the moment too risky assets [sic] for our clients to invest in.”
ABN AMRO and ING are hardly the only banks looking to get in on the blockchain hype. Indeed, leading banks – including Barclays and HSBC – reportedly poured $50 million into a blockchain-based digital cash system, expected to launch in 2020.

Published May 20, 2019 — 15:00 UTC

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