Aurelia Butler

Craig Wright has been embroiled in legal controversies for years, particularly after publicly declaring himself as Satoshi Nakamoto in 2016. Wright has also been involved in lawsuits regarding the intellectual property rights to the Bitcoin whitepaper and Bitcoin code.In a recent twist, Wright, who was discredited in the U.K. High Court’s ruling against his claim to be Satoshi Nakamoto, filed another legal action, targeting the Bitcoin Core developers seeking a staggering £911,050,000,000. Wright contends that the Bitcoin Core developers misrepresented BTC as the original Bitcoin, but he believes that Bitcoin SV, commonly known as BSV, is the actual version of Bitcoin.Since this claim was filed, Wright has been in the spotlight, arguing his claims on social media in numerous X posts.Wright went on further to say that “partnerships unless structured as limited liability partnerships (LLPs) usually operate under joint and several liability. BTC Core is not.””This means every partner is on the hook for the full weight of any legal claims or debts. When some partners don’t respond, the court won’t chase them down immediately; instead, they’ll direct their focus on the one partner who did show up,” Wright stated.Wright’s latest comments aiming to define BTC Core attracted attention from the crypto community. An X user replied, “Bitcoin Core isn’t a legally recognized partnership. Contributors to open source projects don’t magically become members of a partnership.”Ripple CTO David Schwartz reacted to the points raised by Wright saying: “This argument might almost work if you tried to target all bitcoin holders. At least then you can argue that the token represents shares of the partnership and they have agreed to split revenue by token holdings. But even that’s a crazy stretch.”This article was originally published on U.Today More

Extracts of this interview have been separately published on X by other crypto enthusiasts. One of the statements that caught the attention of the Bitcoin community was the statement made by MicroStrategy’s Saylor about those who prefer self-custody to hedge funds like BlackRock (NYSE:BLK).Madison Reidy’s question about this was if there are any risks posed on those people who prefer to hold Bitcoin with custodians and whether it increases the risks of having their Bitcoin confiscated and seized by the U.S. government in the future. Here, she made a historical reference to the Great Depression, when the government confiscated gold from wealthy American citizens.In 1933, during the Depression, President Roosevelt announced that gold holders should turn their gold bullion and coins in and get $20.67 per ounce in return. Back then, the U.S. dollar was on the gold standard, and after collecting the gold, Roosevelt raised the price per ounce to $35. The gold inflow from holders and the printing of dollars that followed was one of the radical measures that allowed the U.S. to steer out of the Depression.Saylor claimed that only “paranoid Bitcoin anarchists” fear that Bitcoin can be seized from them, and he claimed that gold was not seized in 1933 but turned in voluntarily. Since the U.S. is not on the Bitcoin standard, he said, there is nothing to be afraid of.The community was stunned by these words, reacting strongly in the comments.This article was originally published on U.Today More

Bitcoin (BTC) mining difficulty, i.e., the indicator of how difficult is to find the next hash of a Bitcoin (BTC) block, is also set to reach a record-breaking value.In tomorrow’s adjustment, it is expected to gain 4.17% and surpass 95.88 T. The previous high was registered in mid-September over 92.76 T.Currently, the Bitcoin (BTC) network is processing blocks 40 seconds faster than expected. This mirrors the growing Bitcoin (BTC) network activity and, therefore, the optimism of miners.When miners are looking for potential gains, they most likely add new hardware to the network, which is reflected in increased hashrate and mining difficulty.As a result, Bitcoin (BTC) investors immediately turned greedy: the Fear and Greed Index reached 72/100, which is an indicator of strong greed.In the last 24 hours, short positions have covered over 70% of liquidations on derivative markets. As covered by U.Today previously, Bitcoin (BTC) has only five days left to start a bullish phase. Otherwise, the market would log the longest bearish recession ever.According to CryptoQuant’s CEO Ki Young Ju, we might be seeing the longest sideways in a halving year in BTC’s history.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to announce the expanded cashback program for its signature Bybit Card. In addition to the current option to receive cashback in USDT, Bybit Card users may opt to receive BTC or ETH cashback for the first time, enabling holders to increase BTC or ETH holdings and potentially capture market upside when prices go up.The limited-time offer is an innovative Bybit Card feature to introduce more rewards options into the mix, rotating different tokens with each campaign. From now until the rewards pool is fully unlocked, users who are bullish on BTC or ETH can potentially boost their holdings through everyday spendings with their Bybit Card. Receiving cashback in these two dominant cryptocurrencies takes just three steps: The feature is available for eligible Bybit Card users in applicable regions only.Terms and conditions apply: Bybit Card – BTC/ETH Crypto Cashback#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press. For media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony [email protected] article was originally published on Chainwire More

The analysis focuses on the seven-month inverted expanding triangle, a key technical pattern that has been in place since March of this year without being breached. This pattern of lower highs and lower lows, according to the trader, signals that Bitcoin remains primed for a major move higher to as high as $150,000 per BTC. Putting his money where his mouth is, Brandt revealed that he holds a substantial speculative position in the major cryptocurrency.Brandt also shared his thoughts on other major cryptocurrencies, including Ethereum and Solana. Similarly, Ethereum has formed an inverted head and shoulders pattern on its price chart, which is considered a major bullish pattern. Despite this, Brandt remains flat on Ethereum as well, signaling no current exposure to the asset, which he often referred to using an unpleasant word.Brandt also compared Bitcoin’s performance against gold, the most analyzed asset along with the main cryptocurrency. There, the inverted head-and-shoulders pattern on the Bitcoin-to-gold ratio chart, which, as can be seen on an attached chart, predicts Bitcoin to soar more than 400% against gold. Yet the veteran trader is long both on the precious metal and on the cryptocurrency.This article was originally published on U.Today More