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Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in ‘Stolen Bitcoin’ – Bitcoin News

Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in 'Stolen Bitcoin' – Bitcoin News

Craig Wright, the individual that claims to be Satoshi Nakamoto, seems to be planning to initiate legal action against a number of open-source blockchain developers. Wright’s legal team, Ontier LLP, has allegedly sent letters to programmers who work on blockchains like Bitcoin, Bitcoin Cash, and Bitcoinsv as well. The self-styled Bitcoin inventor’s legal action letters claim 111,000 bitcoin was stolen from his “computer network” back in February 2020.

The Australian businessman who has claimed to be Satoshi Nakamoto for years now, has announced he may be initiating legal action against open source developers. Despite the fact that many experts, the media, and the greater crypto community believe Wright’s Satoshi Nakamoto claims are false, Wright has continued to stand behind his word.

Bitcoin Developers face £3.5bn legal action from Bitcoin inventor #DrCraigWrighthttps://t.co/5J2141jRxT

ONTIER team lead by Paul Ferguson, Derek Stinson and Oliver Cain.

— ONTIER LLP (@ONTIERLLP) February 24, 2021

Recently, Wright’s legal team has asked a few websites like bitcoin.org to remove the white paper from the domain over ostensible copyright claims. Now reports disclose that Wright has begun his next form of legal action. Coingeek contributor, Jordan Atkins, explains that Wright had the private keys from two bitcoin addresses stolen in a hack.

Atkins and the letter from Ontier LLP, say that back in June 2020, Wright sent letters to developers who work on BTC, and other public blockchains. Wright and his legal team seem to believe that incumbent Bitcoin network developers are legally responsible to “avoid illegitimate transactions being entered onto the blockchain.”

Ontier’s letter shows two addresses and one address contains 79,957.20 BTC while the other address contains 31,000 BTC. Both addresses still have all the coins sitting idle and the corresponding BCH and BSV tokens remain intact as well. The address with the 79k BTC has never spent a satoshi since it was created ten years ago. The address with 31,000 BTC had spent 21,700 coins during the wallet’s 11-year lifespan.

Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in 'Stolen Bitcoin'

Allegedly Ontier’s letters were sent in June, and the latest notice says “we have had no responses to the important matters set out in our 12 June Letter.” The legal team said it had noticed extracts of the letter were published online. Ontier’s letter is also written on behalf of a company called “Tulip Trading Ltd,” (TTL) and it claims Wright held the keys for TTL.

“Unknown hackers stole the private keys for the addresses and deleted copies of the keys on Dr Craig Wright’s computer,” the Ontier notice details. “Preventing him from accessing the digital assets at those addresses, which he operated on behalf of TTL. Accordingly, TTL is (absent steps being taken by the developers) unable to access or control digital assets that are TTL’s legal property,” the letter adds.

It continues to inform the developers the written correspondence is simply a “letter before action” and if there is no response “legal action may be taken.”

“We recommend that you seek urgent legal advice,” the letter further stresses.

Back in June, when the original letters were sent out, the publication Coingeek wrote about the alleged hack and the author claimed it would be “more complex [than the] Kleiman vs. Wright lawsuit in Florida.” Essentially, the latest round of letters asks the developers to allow Wright to regain access to the alleged stolen keys. The notices also note that the developers have “legal duties under English law” because they have “high level of power and control.”

The Ontier notice further reveals that TTL and Wright’s argument will rely on tortious and fiduciary duties. Wright is also claiming ownership over the corresponding bitcoin cash (BCH) and bitcoinsv (BSV) that are tethered to these two addresses.

Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in 'Stolen Bitcoin'

What’s interesting about one of the addresses mentioned in the letter, is that it is said to have connections to the Mt Gox hack. After the news of Ontier’s letters being sent out to developers in February, Monero’s Riccardo Spagni tweeted about the conflict of interest with the specific address connected to the now-defunct exchange. Spagni also referenced the conflict of interest with the address dubbed “1FeeX” on June 12, 2020.

On February 24, 2021, Spagni said:

Finally, we have confirmation, via his lawyers, that Craig Wright is the Mt Gox hacker (see his claim of ownership on the 1FeeX address). I’d imagine those affected by the Mt Gox hack will want to pursue Craig Wright for his theft of their BTC.

The attorney Stephen Palley, who often speaks on bitcoin and blockchain legal matters, also spoke about Ontier’s letters and Wright’s latest claims on Twitter.

“Craig Wright’s English lawyers’ threat to sue bitcoin developers is a steaming pile of horse puckey,” Palley tweeted. “It’s not winnable. In the U.S. you might get sanctioned for this malarkey,” he added.

What do you think about Craig Wright’s recent claims and the letters from Ontier LLP? Let us know what you think about this subject in the comments section below.

1FeeX address, attorney Stephen Palley, BCH, Bitcoins, Bitcoinsv (BSV), BSV, BTC, CoinGeek, Craig Wright, Jordan Atkins, Lawyers, legal action, letters, Mt Gox, Mt Gox hack, Mt Gox hacker, Ontier LLP, Riccardo Spagni, Satoshi Nakamoto, Stolen Bitcoins, Tulip Trading Ltd

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source: bitcoin-core-news.com

Author: by admin


Bitcoin And Other Cryptocurrencies Are Fueling Innovation In Space

Bitcoin And Other Cryptocurrencies Are Fueling Innovation In Space

Ula launch at midnight

The journey of venturing out and becoming a multi-planetary species has always attracted an eclectic mix of pioneers. From Elon Musk to Jeff Bezos, space itself has been the next frontier for private-public innovation. A new wave of pioneers and entrepreneurs is starting to tackle the problem of crossing the planetary frontier, working with long established governmental organizations.

One of the pioneers involved in private space financing is Adeo Ressi. Some of you may know him as Elon Musk’s close friend, who was with him musing with Jim Cantrell about sending plants or rodents to Mars, a grouping that sparked Elon’s desire to start SpaceX.

Adeo is the founder of Founder Institute, an initiative that seeks to unlock entrepreneurs no matter what their background is. They operate around the world and deal with a diverse set of emerging-tech industries.

The Founder Institute help founders focus down on the problem they’re working on with a 3 and a half month accelerator program. The program is global and is meant to cultivate startup ecosystems wherever it goes. As part of that mission, The Founder Institute also runs VC Lab, an incubator for general partners looking to create their first fund. Two space funds have come out of that: Seldor Capital and e2mc. There has also been a cryptocurrency-specific VC fund: BitBull Capital.

Adeo’s a witness to the growing intersect between cryptocurrency and space, with two communities that share the affinity of risk and innovation. Several Founder Institute alumni have financed the launch of deeptech and cutting-edge startups with their personal proceeds from cryptocurrency.

As Adeo put it, “It is difficult to understate the rapid growth of emerging technologies right now — cryptocurrency, in particular, is exploring new price levels and new value propositions, with Bitcoin’s future appearing more promising by the day given the state of the global economy, inflation, and destabilization. At the same time, the ongoing crypto success story is encouraging investors to diversify into other emerging technologies and markets, including space.”

Founder Institute offers a program that helps channel that energy and funding towards space called Star Fellows. This started around 2 years ago, and was driven by Adeo’s realization that there was not as much innovation in space as other industries. It was “unchartered” territory, especially with seed-stage or earlier stage startups. Now, about two dozen space startups have been incubated by the Star Fellows program, with about half of the startups incorporated outside the United States.

Ceres Robotics is an example of a company that was incubated in this program that is looking to create robots for future living on planets such as Mars. Other Founder Institute companies manufacture comfortable space suits for travel, and others are looking to build vehicles for space. Atomos Space has gotten $2mn in contracts from the DoD and NASA for transportation using its last-mile orbital transfer vehicules. Mountain Aerospace Research Solutions is redesigning rockets. XArc is thinking through building architecture for different planets and the Moon.

These are all fundamental hard-tech problems that combine hardware and software on the cutting edge. One way in which the Founder Institute opens up the window for startups like this is to directly provide them with funding — yet another way is through opening up the window of possibility for early-stage founders wherever or whoever they are towards the stars.

Adeo believes that within five years, he wouldn’t be surprised if there were 20-25 seed and Series A funds dedicated to space, and perhaps 5-10 later stage funds, showing the explosive growth of interest and financing in space.

Space is unchartered territory — it is important to suspend disbelief, and while keeping things moored somewhat in the reality of financing — to ultimately embrace that the sector is about helping humanity embark on the precipice of multi-planetary civilization and do something entirely new. That those gaining from cryptocurrency are investing in space exploration should be nothing too surprising — and it forms yet another element of bitcoin and cryptocurrency’s dynamic effect on the world.

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Source: www.forbes.com

Author: Roger Huang


Hashbon Launches Its HASH Token and Gets Listed on Coinsbit – Press release Bitcoin News

Hashbon Launches Its HASH Token and Gets Listed on Coinsbit – Press release Bitcoin News

Hashbon Launches Its HASH Token and Gets Listed on Coinsbit

press release

PRESS RELEASE. Established in 2016, Hashbon aims to provide payment services for both business and individual clients. One of the key differences between Hashbon and other crypto payment providers is that Hashbon charges 0% commission for crypto payments processing. Buyers pay and sellers receive exactly the same amount of cryptocurrencies that they are transacting to one another.

The platform supports over 30 cryptocurrencies, including industry leaders like Bitcoin, Ethereum, Litecoin, Tether, Dash, and many others. Hashbon is expanding the list of supported cryptocurrencies regularly and the company is compliant with the European KYC policies.

Hashbon platform is an easy-to-integrate payment solution, which enables businesses and individuals to make crypto operations worldwide, with zero fees, enhanced security, and transparency. The payment gateway has an easy and blazing fast integration with only one line of code that makes it different even from industry giants.

Business owners, for example, may choose to opt-in for Hashbon’s auto settlements option. It automates the process of exchanging cryptocurrencies for fiat directly, without the need for manual interventions. Clients can easily integrate Hasbon’s payment gateway with only one line of code and start converting crypto to fiat (EUR, GBP, CZK, PLN, CHF, HUF, etc.) or vice-versa instantly.

For further convenience, Hashbon can generate electronic bills, sent via email or WhatsApp and transactions can be processed through traditional payment systems like SEPA, PayPal, Payoneer, Visa\MasterCard, Sofort, iDeal and more.

HASH Token

Hashbon recently released its utility token – HASH. The token is compiled under the ERC-20 and BEP-20 standards, which means HASH would be available on both Ethereum and Binance Smart Chain networks. The utility token release is a vital step for Hashbon’s community which expanded with 10,000 participants shortly after the release.

The token grants HASH holders special features like lower exchange rates for converting crypto to fiat and vice-versa. A total of one billion HASH tokens would be released, with 80% of the amount going into public circulation.

What cryptocurrency will become the main one in a year?
BitcoinEthereum

The utility token is going to be listed on Coinsbit this Friday, February 26, which opens the doors for participating in the company’s community and active trading. In the beginning, there will be two pairs available for trading: Hash-USDT and Hash-BTC. To spice things up, Hashbon will organize a trading competition in March 2021 with an array of rewards for the best traders.

About Hashbon

Hashbon strives to ease and reorganize the way users interact with their crypto funds, putting into good use the years of practice and utilizing the current financial systems’ flaws. Buying with crypto or receiving cryptocurrencies from clients has never been easier, thanks to Hashbon’s user-friendly interface and massive capabilities.

Press Contact: pr@hashbon.com

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Source: news.bitcoin.com

Author: Press release


Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in 'Stolen Bitcoin' – Bitcoin News

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