News Summary: 10/12 – 10/19
Most famously know for being the alleged mastermind behind the Silk Road, will be going to trial next month. To briefly summarize things, Ross defenses challenges to FBI’s acquisition of the server in the first place on top of other things have all been rejected so Ross is slated to stand trial on November 3rd, 2014 on 7 charges. For more information , read the article written by Alberto Mata here. A documentary explaining what Bitcoin is, as well as highlighting some applications of it and discussing several other major events such as the rise and crash of Mt. Gox. The Rise and Rise of....
Related News
Cryptocurrency supporters all around the world are celebrating the fact that today is the 12th anniversary of the Bitcoin white paper, a summary of the invention created by the pseudonymous inventor Satoshi Nakamoto. Bitcoin’s inventor published the paper on metzdowd.com’s Cryptography Mailing list and ever since then, the financial world hasn’t been the same. 12 years ago, Satoshi Nakamoto decided to let the world in on Bitcoin, the peer-to-peer electronic cash system that took the world by storm. The very first time Nakamoto published the paper was at 2:10 p.m. Eastern....
Greg Foss takes a deep look at the conditions surrounding the global credit market in this executive summary.
On Monday afternoon, Judge Beth Bloom, from the District Court of Florida, denied Craig Wright’s summary judgment and the infamous billion-dollar bitcoin lawsuit will go to trial in January. The court published a 93-page decision on the matter, as Judge Bloom detailed that “a genuine dispute of material fact exists” for a number of the complaints. Since Valentine’s Day in 2018, Craig Wright, the Australian who claims he invented Bitcoin, has been involved in a billion-dollar lawsuit. The case concerns the rightful ownership of an alleged 1.1 million BTC worth....
A US court has ruled in favour of the US SEC after the regulator’s filing of a motion seeking summary judgment against Kik for violating the country securities laws. Kik, which raised $100 million from 2017 ICO, had filed its own motion of summary judgment but the court refused to grant this. In his judgment, US District Court Judge Alvin Hellerstein agrees with the US SEC’s contention saying “undisputed facts show that Kik offered and sold securities without a registration statement or exemption from registration, in violation of Section 5.” In a suit filed on....
Bitcoin Analysis. Bitcoin has been increasing consistently over the last seven days, to a currency price of $244.58. The last time we saw this price was before the crash where Bitcoin took a 40% dive in two days, which is discussed in the previous Market Summary. We started this week with Bitcoin under $200, and has increased by approximately 25% over the duration of this week which I believe is due to one critical information of news: the Winklevoss Twins. Gemini: Winklevoss Twins Exchange. The Twins originally got into Bitcoin in 2012 reportedly having $11 million in Bitcoin, and in 2013....