..

This Week in Bitcoin Courtroom Drama

Written by:
Guest
Published on:
Mar/05/2018

Get your popcorn at the ready as we prepare to chew over the highlights from This Week in Bitcoin and a series of potential courtroom dramas unfolding. Scroll Down for More

The biggest winners in cryptocurrency this week seem to be the lawyers, Bitcoin.com News suggests – unless you’re one of the attorneys the SEC is reportedly chasing for issuing dubious advice to ICOs. The number of crypto startups subpoenaed by the SEC could be anywhere from a dozen to 80 depending on who you believe.

Techcrunch founder Michael Arrington is confirmed to be one of the lucky winners of an SEC subpoena.

Also on the SEC front, Poloniex exchange is being bought by Circle – possibly with the approval of the SEC, if the contents of a leaked slide from a Circle employee is accurate.

As far as class action suits go, one of the biggest exchanges, CoinBase, has been accused of insider trading by a group of individuals. 

The 18-page lawsuit filing accuses the exchange of tipping employees a month prior to the official launch of bitcoin cash (BCH) on December 19, 2017.

An individual named Jeffrey Berk and others similarly situated have filed the class action.

Then of course there was the story involving Mr. Satoshi himself, Craig Wright. 

From Bitcoin.com News:

The Craig Wright case has got it all – stolen bitcoins, billions of dollars at stake, Satoshi Nakamoto, forged signatures, fake wallets. The lawsuit, should it come to court, is sure to provide high entertainment for everyone captivated by the sideshow that is Craig Wright and his claim to have been Satoshi Nakamoto, even though technically that’s not what this case is about.

All of this has prompted the Bitcoin.com News to make a bold prediction: "As the value of crypto assets continues to escalate, it’s inevitable that there will be more cases of this nature, and indeed of every conceivable nature".

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Notches Record High, Day After U.S. ETF Debut

Bitcoin Notches Record High, Day After U.S. ETF Debut

Bitcoin climbed to a record high on Wednesday, and the first U.S. bitcoin futures-based exchange-traded fund (ETF) built on gains after a solid debut on Tuesday.

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Speaking to CNBC this week, hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks.

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.

Fake New: How an Elaborate Hoax in the Crypto Space Led to Death Threats

Fake News: How an Elaborate Hoax in the Crypto Space Led to Death Threats

We can probably speak on behalf of CoinGeek when we say, near and dear to our hearts was today's panel on Media Influence: How News Reporting Affects the Digital Asset Market.  Like Gambling911.com, CoinGeek we know strives to report fair and balanced news.  But not every story out there in the digital assets space proves to be factual. 

Bitcoin SV as Turing Complete System

Bitcoin SV as Turing Complete System

There is a controversy that's been emerging in the cryptocurrency community that claims Bitcoin cannot be used as a turing complete system.  In computability theory, a system of data-manipulation rules is said to be Turing-complete or computationally universal if it can be used to simulate any Turing machine, meaning the ability to recognize or decide other data-manipulation rule sets.

Syndicate