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Australia's Wright launches lawsuit over $5.7 bln bitcoin haul

TechnologyAustralia s Wright launches lawsuit over $5.7 bln bitcoin haul
Kirstin Ridley
3 minute read
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photo
An Australian computer scientist who alleges he created bitcoin has launched a London High Court lawsuit against 16 software developers in an effort to secure bitcoin worth around 4 billion pounds ($5.7 billion) he says he owns.
In a case that was promptly labelled bogus by one defendant, Craig Wright is demanding that developers allow him to retrieve around 111,000 bitcoin held at two digital addresses that he does not have private keys for. ....

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Australia's Wright launches lawsuit over $5.7 billion bitcoin haul

Australia s Wright launches lawsuit over $5.7 billion bitcoin haul
Reuters
12/05/2021
By Kirstin Ridley
© Reuters/Dado Ruvic
FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken
By Kirstin Ridley
LONDON (Reuters) - An Australian computer scientist who alleges he created bitcoin has launched a London High Court lawsuit against 16 software developers in an effort to secure bitcoin worth around 4 billion pounds ($5.7 billion) he says he owns.
In a case that was promptly labelled bogus by one defendant, Craig Wright is demanding that developers allow him to retrieve around 111,000 bitcoin held at two digital addresses that he does not have private keys for. ....

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Bitcoin Taproot upgrade faces difficulties as less than 28% voted for support

May 10, 2021 05:21 GMTCrypto News
A new upgrade that would make the Bitcoin ecosystem more secure and user-friendly will be going live by the end of this year.
The Taproot upgrade will require 90% of the processed blocks to signal support.
44% of blocks have not signaled support, putting the minimum required threshold far out of reach.
As part of Bitcoin’s evolutionary path, the Taproot upgrade is the latest step to enhance the network’s usability and security. The much-awaited upgrade is expected to go live at the end of this year.
45% of blocks did not signal support
Following the block size increase in 2017, Taproot is the most significant upgrade to the leading cryptocurrency network so far. Amendments to the Bitcoin network are relatively infrequent, as the process is difficult, having to achieve consensus among a diverse and dispersed group of participants. ....

Colin Wu , Speedy Trial , Bitcoin Core , கொலின் வு , வேகமான சோதனை , பிட்காயின் கோர் ,

Bitcoin SV: The Original Bitcoin

By Makkie Maclang, CoinGeek
Bitcoin will forever be remembered throughout history as the pioneer in digital currencies. Before Ethereum, Litecoin, Binance Coin, Cardano and Tether came into existence, there was Bitcoin. It has been more than a decade since the Bitcoin white paper, entitled ‘Bitcoin: A Peer-to-Peer Electronic Cash System,’ was published on Oct. 31, 2008 under the pseudonym Satoshi Nakamoto. However, it only reached mass consciousness in 2017 when its value skyrocketed to $20,000.
Bitcoin is a triadic term that denotes a digital coin, a set-in-stone protocol and a public blockchain network. While Bitcoin has since become a household name and blockchain has been gaining ground in the past few years as a viable technology for businesses in various industries, such as healthcare, gaming, social media, marketing, supply chain and real estate, not many people know about their true history and real value. ....

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Coinbase Teams Up with Pledge 1% to Create Corporate Giving Program that Leverages Power of Crypto to Help People

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Coinbase Teams Up with Pledge 1% to Create Corporate Giving Program that Leverages Power of Crypto to Help People
Digital asset firm
Coinbase (NASDAQ:COIN) notes that right before its recent direct listing, the company had teamed up with
Pledge 1% to create a corporate giving program that would “commit 1% of Coinbase profits, equity, and employee time toward charitable activities that leverage the power of crypto to help people around the world.”
The Coinbase team noted in a blog post that they’ve joined forces with Pledge 1% because they want to realize their vision of “creating economic freedom for every person and business in the world.” ....

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