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Ripple CTO Shares Unexpected Satoshi Nakamoto Statement Ripple's Chief Technology Officer (CTO) David Schwartz ignited a heated debate by questioning the identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The controversy unfolded when a prominent Bitcoin community member, known by the alias "Ryuushi," suggested that despite recent legal setbacks, Craig Wright remains the most probable candidate to be Nakamoto.  This assertion sparked a fiery response from Schwartz, who dismissed it as "complete nonsense." He highlighted Wright's failure to provide conclusive evidence of his identity as Nakamoto during the trial, emphasizing that other individuals, including himself, had no such motive to falsely claim authorship of Bitcoin. Interestingly, Schwartz's rebuttal reignited speculation surrounding his own potential connection to Nakamoto. Citing his extensive background in cryptography, dating back to the early days of the field, some theorists have posited him as a plausible candidate for Nakamoto's identity. Schwartz's involvement in pioneering patents related to distributed ledger technology further fueled speculation. Despite these theories, Schwartz has consistently denied any association with Nakamoto, maintaining that he is solely an architect of XRP Ledger, distinct from Bitcoin's genesis. What's up with Craig Wright? The dispute surrounding Wright's claims to the coveted title of Bitcoin's creator continues. Despite Wright's legal battles, the Crypto Open Patent Alliance (COPA) recently scored a victory when a judge ruled against Wright's assertion that he is Nakamoto.  COPA, an organization dedicated to safeguarding the open-source nature of cryptocurrencies, seeks further injunctions to prevent Wright from making further claims and pursuing litigation in the crypto community. #RippleRumblings #satoshiHashRate

Ripple CTO Shares Unexpected Satoshi Nakamoto Statement

Ripple's Chief Technology Officer (CTO) David Schwartz ignited a heated debate by questioning the identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
The controversy unfolded when a prominent Bitcoin community member, known by the alias "Ryuushi," suggested that despite recent legal setbacks, Craig Wright remains the most probable candidate to be Nakamoto. 

This assertion sparked a fiery response from Schwartz, who dismissed it as "complete nonsense." He highlighted Wright's failure to provide conclusive evidence of his identity as Nakamoto during the trial, emphasizing that other individuals, including himself, had no such motive to falsely claim authorship of Bitcoin.

Interestingly, Schwartz's rebuttal reignited speculation surrounding his own potential connection to Nakamoto. Citing his extensive background in cryptography, dating back to the early days of the field, some theorists have posited him as a plausible candidate for Nakamoto's identity. Schwartz's involvement in pioneering patents related to distributed ledger technology further fueled speculation. Despite these theories, Schwartz has consistently denied any association with Nakamoto, maintaining that he is solely an architect of XRP Ledger, distinct from Bitcoin's genesis.

What's up with Craig Wright?

The dispute surrounding Wright's claims to the coveted title of Bitcoin's creator continues. Despite Wright's legal battles, the Crypto Open Patent Alliance (COPA) recently scored a victory when a judge ruled against Wright's assertion that he is Nakamoto. 

COPA, an organization dedicated to safeguarding the open-source nature of cryptocurrencies, seeks further injunctions to prevent Wright from making further claims and pursuing litigation in the crypto community.

#RippleRumblings #satoshiHashRate

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Fake Elon Musk Uses SpaceX Launch To Steal $34K in Crypto Over 35 YouTube channels streamed deepfake videos of Elon Musk during a recent SpaceX Starship launch, aiming to deceive viewers. These streams featured an AI-generated Musk promising doubled returns on crypto deposits. The Scam Unveiled Cybersecurity researchers at Avast identified these fake streams during the SpaceX Starship’s fourth flight. The real event showed the rocket splashing down in the Indian Ocean, while scam streams mimicked official SpaceX accounts, gaining around 170,000 viewers, likely inflated by bots. How the Scam Worked The deepfake showed Musk at a SpaceX event, with an AI voice mimicking his speech. Viewers were told, “This is not fake, this is a real giveaway,” and were instructed to send Bitcoin, Ethereum, or Dogecoin to specific addresses, promising double returns. Fake audience clapping sounds made it seem more realistic. Nine wallets received nearly $34,000 by June 6. Previous Similar Scams Elon Musk, known for supporting cryptocurrencies, has been targeted before. A deepfake video endorsed a fraudulent crypto trading service in Hong Kong. In April, scammers used AI-generated Musks in fake SpaceX accounts during a solar eclipse. Conclusion CoinGabbar warns viewers to be skeptical about online content, especially involving money. Advanced deepfake technology makes scams convincing. Although YouTube removed the fraudulent streams, scammers adapt quickly, shifting targets. Always verify information online to avoid falling victim to such scams. #ElonsMusk #altcoins #ETHETFsApproved #etherreum
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UK Authorities Begin Proceedings Against Six Exchanges Over 2019 Delisting of Bitcoin SV (BSV) The UK’s Competition Appeal Tribunal has started proceedings against six major cryptocurrency exchanges over their 2019 decision to delist Bitcoin SV (BSV). Plaintiffs are seeking $9 billion in damages, highlighting the ongoing legal and financial complexities in the crypto industry. Hearing of Big Crypto Exchanges Over Decision to Delist BSV On June 5, the tribunal began hearings against Binance Europe Services, ShapeShift, Kraken (Payward), Bittylicious, and others. Legal teams from each exchange are involved, with the collective proceedings order (CPO) expected to last three days. Bitcoin SV, launched in 2018 from a split with Bitcoin Cash (BCH), was delisted by exchanges like Binance and Kraken in 2019, sparking controversy. Kraken cited BSV’s behavior as “completely antithetical” to its values, while Binance offered minimal explanation. In 2022, BSV Claims led a $12 billion class action lawsuit in the UK against Binance, Kraken, and others, arguing that BSV holders missed out on substantial growth opportunities due to the delistings. A Similar Lawsuit Filed Last Year In the US, Roche Freedman filed a class action lawsuit against major exchanges and token issuers, including Binance, KuCoin, and BitMEX, accusing them of selling unlicensed securities and market manipulation. The lawsuits also target figures like Binance CEO Changpeng Zhao and Block.one’s Dan Larimer. Roche Freedman, known for cryptocurrency litigation, claims these exchanges manipulated prices for profit, resulting in substantial illicit gains. These lawsuits could set legal precedents on securities offerings and jurisdictional responsibilities, though some companies have opted for out-of-court settlements. This phase marks a critical point in the ongoing dispute between regulators and crypto companies, with significant financial claims resulting from the delistings. #BTC #Bitcoin❗ #BinanceSquareFamily #btc70k
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