Aurelia Butler

Over the years, Wright has boldly claimed that he is the mastermind behind Bitcoin. This claim has been met with skepticism and controversy, leading to a legal battle with the Crypto Open Patent Alliance (COPA), a consortium of leading cryptocurrency firms. COPA’s lawsuit, initiated in 2023, accused Wright of extensive document forgery to bolster his claims.The climax of the legal saga came on March 14, 2024, when the court dismissed Wright’s assertions as unfounded. The judge criticized Wright’s evidence as unreliable and his narrative as fabricated, ultimately rejecting his claim to Bitcoin as intellectual property. The ruling not only discredits Wright’s narrative but also reinforces the mysterious aura surrounding the true identity of Satoshi Nakamoto.Now the court has published an approved judgement in this regard. According to a written judgment delivered on May 20, Judge Mellor announced the result of the Satoshi Identity Issue given the conclusion of closing submissions. The declaration follows: “First, that Dr Wright is not the author of the Bitcoin White Paper. Second, Dr Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period between 2008 and 2011. Third, Dr Wright is not the person who created the Bitcoin system. Fourth, Dr Wright is not the author of the initial versions of the Bitcoin Software.”The implications of this ruling, which has now been penned down, are profound for the cryptocurrency industry. It reaffirms the decentralized and leaderless ethos of Bitcoin, ensuring that no single individual can lay claim to its origins. Moreover, it puts to rest one of the most contentious and publicized claims to the Satoshi Nakamoto pseudonym.As the dust settles on this legal dispute, the crypto community is left to ponder the enduring mystery of Bitcoin creator Satoshi Nakamoto’s identity. While many have claimed or been linked to the name, the anonymity of Bitcoin’s creator remains intact, preserving the foundational principle of a currency free from the control of any one person or entity.This article was originally published on U.Today More

Decentralized funding protocol Polimec has launched with the goal of kickstarting a new era of community-funded Polkadot projects. The protocol provides a transparent way for teams to raise funds and issue tokens while maintaining regulatory compliance.The first project to feature on Polimec is Apillon, an infrastructure solution for web3 developers. With the start of the first Evaluation Round on Polimec, investors get the opportunity to appraise projects and decide whether they should advance to the Funding Round. Other projects that are set to raise funds on Polimec include Mandala Chain, Gotem, and ImpactScope.Polimec is designed to maintain the decentralization integral to web3, providing a regulatory-compliant environment that connects investors and startups globally. To participate in a project on Polimec, users must obtain a Deloitte KYC Credential, which if eligible grants access to funding information, evaluation of projects and participation in funding rounds.Projects can conduct single or multiple funding rounds using Polimec, while investors can participate in rounds that meet their criteria. Protocol governance is determined by the PLMC holders, an on-chain council and technical committee. Any PLMC holder can submit a proposal, which results in a token-holder vote provided it gets the required backing.Polimec enables emerging web3 projects, focused on the Polkadot ecosystem, an opportunity to achieve their funding goals. This will maximize their prospects of developing transformative blockchain solutions and increasing adoption by solving real-world problems. Polimec simultaneously gives web3 investors of all kinds access to projects committed to fundraising on a transparent and compliant basis.The first Evaluation and Funding Rounds to be performed on Polimec will give the Polkadot community an opportunity to experience the future of web3 fundraising and to appraise some of the most innovative projects currently seeking capital to turn their ideas into reality.About PolimecPolimec is a permissionless fundraising infrastructure protocol providing an automated framework for projects to raise funds within a broad and diverse investor base with transparent and fair access for all. The protocol allows access to fundraising and governs the issuance, distribution, and conversion of tokens to mainnet.The protocol maximizes value creation for Web3 projects, allows different stakeholders to participate in funding rounds, and minimizes information asymmetry between participants and issuers to grow their community. The underlying reward mechanism ensures that the interests of the various participants and projects are aligned for sustainable fundraising.Learn more: App: https://app.polimec.org/Webpage: https://www.polimec.org/Knowledge Hub: https://hub.polimec.org/ContactFoundation Council & MarketingFlavio BianchiPolimec [email protected] article was originally published on Chainwire More

According to Kaiko Research, meme tokens have been resilient during the recent market correction, continuing to perform strongly despite historically being underperformers during downturns. Year-to-date (YTD) returns for these tokens range from 80% to 1800%, with trade volumes remaining strong.Kaiko Research reports that the weekly trade volume for meme tokens surged by more than 200% YTD, reaching around $11 billion. This can be attributed to the tokens’ accessibility and their ability to adapt to market trends, which has attracted community interest.”Meme tokens have shown an unexpected resilience in the face of market corrections, maintaining strong trade volumes and performance,” said an analyst from Kaiko Research. “Their popularity is largely driven by their accessibility and the strong community interest they generate.”However, meme coins tend to have higher leverage compared to most altcoins and are thus more influenced by speculative appetite. Interestingly, the correlation between meme tokens and other retail-driven speculative assets, such as meme stocks, has been relatively weak and highly volatile. For instance, the 60-day rolling correlation between the largest meme token, Dogecoin (DOGE), and the video game retailer GameStop (NYSE:GME) has mostly remained below 0.3 over the past year.Over the past week, meme stocks received an unexpected boost, with GME and AMC Entertainment (NYSE:AMC) seeing a surge on May 13-14. This caused the correlation between DOGE and GME to reach its highest level in over a year.”Meme stocks saw a notable uptick last week, which also affected the correlation between Dogecoin and GameStop,” Kaiko Research added. “This spike in correlation highlights the interconnected nature of retail-driven speculative assets.” More

The intention of the Pups Token team was not so benevolent as the goal was to sacrifice an Ordinal by sending it to Satoshi. In the process, they moved the funds in their treasury unknowingly. Considering the fact that Satoshi Nakamoto remains unknown, retrieving the funds remains almost impossible for the team.While Satoshi’s address cannot be classified as a dead wallet, the inaccessibility of the funds, worth about $7,000 at the time of the transfer, remains impossible. There are some upsides to this unexpected twist as the remaining Pups Token might gain additional value over time.At the time of writing, PUPS Ordinals has recorded a 7.6% drop in its price in 24 hours to $15.9 per token. While the outlook for the team itself looks bleak, the project might survive this blunder considering that the gifted amount is a negligible fraction of the market capitalization worth around $122,885,856.Meme coin projects are fond of giving gifts to the leaders in the domiciled ecosystem. This practice began with Shiba Inu (SHIB), which gifted Ethereum cofounder Vitalik Buterin a significant portion of its circulation supply at inception. The tokens, worth over $7 billion at their peak, were burnt by Buterin, helping to boost the valuation of the assets.This gesture by Buterin set a major precedent that other projects have tried to emulate to date. In the case of PUPS, the precedent set served as another reminder to innovators and users alike to be cautious with transactions, as many are irreversible.This article was originally published on U.Today More

Despite the recent success of spot bitcoin ETFs issued by financial giants such as BlackRock (NYSE:BLK), Fidelity, and VanEck, the suggestion is that the regulatory body is unlikely to approve similar products for ether at this stage.In a recent interview with CNBC, SEC Chair Gary Gensler said that while crypto is a small piece of the overall markets that the SEC oversees, it is “an outsized piece of the scams and frauds and problems in our markets because without prejudging any one token, much of this field is noncompliant with the protections of our securities laws.”When asked by the host whether Ethereum is a commodity or a security and whether one day there will be an ETF, Gensler was non-committal, stating that the fundamental question is “How do we ensure that the American investor is protected?”“Right now, they’re not getting the required or needed disclosures,” he added. “The intermediaries in the center of this rather centralized market generally are conflicted and doing things we would never allow the New York Stock Exchange to do.”Again, when questioned about a potential Ethereum ETF, Gensler kept his cards close to his chest, saying that “those filings will take up at the appropriate time.”Overall, Gensler’s vote is seen as pivotal in potentially approving Ethereum ETFs. However, some companies that issued spot bitcoin ETFs are not optimistic the SEC will do the same for ether, according to a CNBC report. VanEck CEO Jan van Eck told CNBC that they were first to file for Ethereum in the U.S., and they believe they will “probably be rejected.”Elsewhere, speaking to Investing.com, Roshan Shah, Co-founder and CEO of Decimal Digital Currency, said Bitcoin ETFs “only exist today because their approval was effectively forced by the courts in the Grayscale conversion decision in August 2023” and that “no such precedent or ruling exists for Ether.”“The markets are only just beginning to understand Bitcoin, and a position in Ether is far more complex,” stated Shah. “The SEC wants to keep people’s pensions, 401ks, and retirement accounts away from that for as long as possible.”He believes regulators are also wary of a slippery slope, which started with Bitcoin ETFs because Ethereum ETFs “could open the door for many other digital assets to access public markets.”“Protecting precedent is critical to the SEC because their argument for rejecting crypto assets in an ETF becomes weaker with each ETF they do approve,” Shah adds. “We expect the SEC to perpetually delay Ether ETFs, perhaps even until or unless forced to approve by courts, like with Bitcoin.”Meanwhile, Charles d’Haussy, CEO of dYdX Foundation, told Investing.com that he would be surprised if the SEC said yes at this stage despite his optimistic view about the future approval of a spot Ethereum ETF.“Ethereum ETFs may mirror the path taken with Bitcoin ETFs. Since futures-based Ethereum ETFs have already been approved, if the SEC denies approval for spot Ethereum ETFs, it is likely to face legal challenges and eventually lose, similar to what happened with Bitcoin ETFs,” d’Haussy told us.“Ethereum ETFs may be less profitable than directly holding Ether (ETH) due to the absence of staking reward distributions.”Ethereum has risen around 3.8% in the last seven days of trading after a dip between mid-March and mid-May.Even so, after a rally between October 2023 and March 20204, the cryptocurrency is still on a strong footing, climbing over 35% this year and more than 69% over the past 12 months as the general crypto market surged, of course, led by Bitcoin, and investors had been anticipating potential Ethereum ETFs.While Ethereum looks increasingly likely to be left by the wayside when it comes to ETFs, investors can still explore the top cryptocurrency Exchange Traded Funds (ETFs) to maximize portfolio potential. Dive into our comprehensive list of the top Bitcoin Crypto ETFs, carefully curated to provide you with diversified exposure to this exciting asset class, without the complexities of physical ownership More