The decision comes after the Crypto Open Patent Alliance (COPA) filed a lawsuit against Wright in London, seeking injunctive relief to stop his claims.
As ruled by Judge James Mellor on March 14, Craig Wright, the Australian computer scientist who claimed to be Satoshi Nakamoto, has been dismissed as the pseudonymous creator of the Bitcoin network.
Closing arguments, which began on March 12, revealed allegations of massive falsification of documents by Wright to support his claim to be Nakamoto. COPA argued that Wright had “lied on an extraordinary scale,” fabricating a biographical story and presenting falsified documents to support it.
MicroStrategy Announces New Private Sale to Acquire More Bitcoin
MicroStrategy, the software firm recently rebranded as a “Bitcoin development company,” has revealed its plans for another private sale with the goal of purchasing more Bitcoin.
In a statement issued Wednesday, the company announced its intention to offer $500 million in convertible senior notes due 2031 to institutional buyers. With the purpose of increasing your cryptocurrency portfolio.
This announcement follows one made last week, where MicroStrategy revealed its plans to conduct a private sale of $600 million in convertible senior notes to acquire more Bitcoin.
With a current reserve of 205,000 BTC in its treasury, MicroStrategy positions itself as the largest corporate holder of Bitcoin.
Cryptocurrency Investors See Return to Profits in 2023, Chainalysis Report Reveals
According to a recent report from blockchain analysis firm Chainalysis, cryptocurrency investors experienced a rebound in profits during the year 2023, racking up billions of dollars in profits after a prolonged period of recession.
The new figures reveal that the profits made by investors, defined as the profits obtained from the sale of assets at a price higher than their acquisition. They reached USD 37.6 billion during the year 2023.
This data represents a notable recovery compared to the realized losses of USD 127.1 billion in 2022. However, in contrast to the previous bullish cycle, the recovery is perceived as more moderate. According to Chainalysis estimates, in 2021, cryptocurrency investors made profits totaling $159.7 billion.
Bybit Cryptocurrency Exchange Warned in Hong Kong for Unauthorized Operations
In a preventive measure, the Hong Kong Securities and Futures Commission (SFC) has issued a warning against the popular cryptocurrency exchange Bybit. Pointing out that the platform does not have authorization to operate in the territory.
The Financial Services Commission (SFC) has raised concerns regarding the marketing of various cryptocurrency-related financial products to Hong Kong investors without obtaining the necessary regulatory approvals.
The SFC warning list includes products such as Futures, Options and Leveraged Tokens, among others, offered by Bybit. Furthermore, it has made it clear that no entity linked to this exchange has been registered or authorized by them to carry out regulated activities in Hong Kong.
The SFC’s warning highlights that products associated with cryptocurrencies, such as futures or securities contracts, require prior licensing before being offered to Hong Kong residents.
Peter Schiff Admits Buying Bitcoin in 2010 Would Have Been a Good Idea
The controversial Peter Schiff, one of the biggest detractors of cryptocurrencies, recently admitted that he would have liked to be part of that market. In that sense, he states that buying Bitcoin in 2010 would have been very positive for him. These are curious words, considering the permanent disdain he shows for the pioneering cryptocurrency.
Despite the apocalyptic warnings of detractors, buying Bitcoin is a reasonable decision and not only for those who did so in 2010. With the new all-time highs of the coin’s price, 100% of investors at any time in recent 15 years (approximately) are in profit.
By Audy Castaneda
