Craig Wright Intends to Call Three Expert Witnesses to His Evidentiary Hearing

The man who claims to have invented Bitcoin, Craig Wright, will be appearing in court on Friday, June 28 in West Palm Beach, Florida for an evidentiary hearing. According to recently filed documents in the Kleiman v. Wright lawsuit, the defense has provided notice that Wright intends to call three witnesses during the hearing. In addition to Wright’s notice, the Kleiman estate has stated the plaintiffs will be calling a witness as well. Also read: Tony Hawk Foundation Added to Bitpay’s 100 Crypto Supporting Nonprofits Craig Wright Plans to Invite…

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Bitcoin Price Analysis: Bitcoin Breaks $10,000 in Stunning Fashion

Price Analysis Summary: The bitcoin market blasted straight through the $10,000 price range in a rally that had bitcoin price testing the lower $11,000s before any meaningful selling took place. This rally was fueled by deeply underwater short positions that were liquidated and/or forced to close. We are currently sitting above a major milestone on the monthly level of $10,300 and a weekly milestone of $9,900. The weekly candle closes tomorrow. If we can close above these levels, that would be a majorly bullish statement. From there, we are likely…

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Bitcoin Magazine’s Week in Review

Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular news affecting Bitcoin this week. Adoption & Community Crypto Point-of-Sale Service Provides Relief to Venezuelan Refugees Good news this week for crypto users migrating from Venezuela to Colombia. The Panda Group, operators of Panda Exchange, announced a new service to alleviate some issues that Venezuelan refugees may encounter when passing across the border to Colombia. Refugees can now use cryptocurrencies to make purchases at a point-of-sale (POS) shop on the border. Visitors are able to purchase a…

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Charles Hoskinson Thinks Cardano Will Prevail Over Libra in Emerging Markets

Cardano founder Charles Hoskinson sees emerging markets as huge reservoirs of future customers, but succeeding in them depends on relationships. Cardano founder Charles Hoskinson claimed that emerging markets are where cryptocurrencies matter, and that Facebook’s announced virtual currency Libra is not going to find success in this area, according to a report by Finance Magnates on June 26. According to Hoskinson, emerging markets are the future. He says: “Emerging markets are where cryptocurrencies matter […] When I look at the developed world, I don’t care. It’s highly regulated and, in…

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ETC Labs Unveils ETC-ETH Interoperability Solution Backed by Metronome

ETC Labs announces partnership with Metronome to enable interoperability between the Ethereum and Ethereum Classic blockchains. San Francisco-based incubator for the blockchain Ethereum Classic (ETC), ETC Labs, has announced that it has partnered with cryptocurrency firm Metronome to create a solution for Ethereum (ETH)/ETC interoperability, in an official blog post on June 27. Per the announcement, blockchain interoperability—also referred to as “chainhopping”—is a property of a blockchain asset meaning that it can be transferred between separate blockchains. In this case, the cryptocurrency Metronome (MET) will be transferable between the ETH…

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Samourai Wallet’s Privacy-Enhancing Whirlpool Now in Public Beta

The developers of Samourai Wallet have published the public beta version of Whirlpool, a Chaumian CoinJoin implementation that consists of a framework supported by various privacy-enhancing software tools.  What Is Chaumian CoinJoin? CoinJoin is an anonymization technique first proposed by Gregory Maxwell in 2013. A “Chaumian CoinJoin” integrates chaum blind signatures — a scheme that provides a cryptographically blinded version of a receiving address. As described by ZeroLink, a bitcoin fungibility framework: “The users connect and provide inputs (and change addresses) and a cryptographically-blinded version of the address they want…

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Op Ed: Debunking Bitcoin Myths: “It’s Not Secure”

Security is of the utmost importance when it comes to money, but how does one define security in Bitcoin? Traditionally, securing one’s savings has meant handing it over to a bank, but Bitcoin security requires quite a bit more personal responsibility — at least on an optional basis. Different people have wide-ranging responses to the question of whether Bitcoin is a secure alternative to the legacy banking system. Those who love the idea of taking responsibility for their own financial sovereignty view Bitcoin as the most secure monetary system that…

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House Reps Question FinCEN Director on Libra’s Potential for Illegal Usage

House Reps question FinCEN Director Kenneth Blanco on Libra’s potential usage in illegal activity. Director of the Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco briefed several members of the United States House on the potential for Libra’s use in money laundering, illicit financing, and other illegal activities, according to a press release from Representative Emanuel Cleaver II. Leading the meeting were Reps. Cleaver, Trey Hollingsworth, Bill Foster, and French Hill, all members of the Committee on Financial Services. Rep. Cleaver, chairman of the Subcommittee on National Security, International Development, and…

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