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🚨Crypto world, brace yourselves! UK's High Court Justice James Mellor has ruled that Craig Wright, who claimed to be Bitcoin's creator Satoshi Nakamoto, is guilty of "grand scale" forgery. 🎭 Wright's tall tales and fabricated documents didn't fool the court. 🕵️‍♂️ Mellor stated that Wright lied "extensively and repeatedly" to support his claim. Wright's prosecutor, the Crypto Open Patent Alliance (COPA), presented evidence of multiple forged documents used by Wright to assert his authorship of the Bitcoin white paper. 📜 Wright's defense crumbled when he failed to name any parties he'd sent Bitcoin to as 'Satoshi' who could back his claims. Even his sister's testimony didn't add any credibility to his story. 😬 Mellor's statement used the words "forgery" 130 times, "lie" 123 times, and "fraud" 19 times. Wright's response to these accusations? Technobabble and blame shifting. 🔄 Despite the court's decision, Wright remains defiant. He announced on Twitter his intention to appeal the court's decision. Stay tuned, folks! This crypto drama isn't over yet! 🍿📺

🚨Crypto world, brace yourselves! UK's High Court Justice James Mellor has ruled that Craig Wright, who claimed to be Bitcoin's creator Satoshi Nakamoto, is guilty of "grand scale" forgery. 🎭 Wright's tall tales and fabricated documents didn't fool the court. 🕵️‍♂️

Mellor stated that Wright lied "extensively and repeatedly" to support his claim. Wright's prosecutor, the Crypto Open Patent Alliance (COPA), presented evidence of multiple forged documents used by Wright to assert his authorship of the Bitcoin white paper. 📜

Wright's defense crumbled when he failed to name any parties he'd sent Bitcoin to as 'Satoshi' who could back his claims. Even his sister's testimony didn't add any credibility to his story. 😬

Mellor's statement used the words "forgery" 130 times, "lie" 123 times, and "fraud" 19 times. Wright's response to these accusations? Technobabble and blame shifting. 🔄

Despite the court's decision, Wright remains defiant. He announced on Twitter his intention to appeal the court's decision. Stay tuned, folks! This crypto drama isn't over yet! 🍿📺

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🚀🚀 Bitcoin enthusiasts, buckle up! Former BitMEX CEO Arthur Hayes suggests a potential surge in Bitcoin prices due to the weakening Japanese yen! 🎌💱 Hayes argues that the yen's rapid depreciation against the US dollar, thanks to a significant interest rate gap, is hurting Japan's export competitiveness against China. 🇨🇳🇯🇵 To prevent a yuan devaluation that could harm US manufacturing, the US might push Japan to strengthen the yen. How? By having the Federal Reserve engage in unlimited dollar-yen currency swaps with the Bank of Japan. 💵🔄💴 These colossal Fed dollar swaps would increase the global dollar supply, weakening the dollar but allowing China to boost its economy without devaluing the yuan. 🌏💲📉 This weakening greenback could drive up the prices of dollar-denominated assets, including US stocks and cryptocurrencies like Bitcoin! 💰📈💻 Hayes sees this yen weakening pressure climaxing around the US election, prompting policymakers to act. This situation could be very bullish for Bitcoin as a hedge against rising global liquidity. 🌊💪 Bitcoin has been on a roll this year, largely driven by ETF hype and demand, reaching $72,000 yesterday amid hopes of the US SEC approving Ethereum ETFs. 🚀🎉 However, many experts believe the real rally will begin once global superpowers like the US start reducing interest rates. So, keep your eyes on the market, Bitcoin lovers! 🧐📊🚀
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🚀Buckle up, BTC enthusiasts! Web3 infrastructure firm COTI has launched its developer network, COTI V2, ahead of its official release. This Ethereum-based layer-2 network is all about privacy, bringing a new level of confidentiality to the blockchain.🔒 The COTI V2 devnet is a playground for market participants to explore various web3 use cases. From confidential decentralized finance (DeFi) to confidential transactions for payments, stablecoins, and real-world assets, the possibilities are endless!🌐 Developers, get ready! The network comes equipped with a Python SDK, a NodeJS SDK, server access, extensive documentation, and an explorer for on-chain analytics. COTI V2 is designed for experimentation with new smart contracts, aiming to provide the best techniques for securing private information.🔧 But wait, there's more! To encourage development on the devnet, the COTI Foundation has launched a $52M grant program. Named the ABC Growth Fund, it aims to reward builders for their contribution and incentivize exploration of new use cases in a privacy-centric web3 ecosystem.🎉 COTI CEO Shahaf Bar-Geffen invites teams worldwide to join the COTI V2 developer network and share their creations. The future looks bright for COTI, with an exciting year of building new things and expanding its network ahead. So, developers, it's time to submit your applications and start creating!🚀
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🚀Hey there, BTC enthusiasts!🚀 The Ripple vs SEC saga continues with the SEC opposing Ripple's motion to seal key financial data, stating it's vital for court decisions. This legal tussle revolves around allegations of illegal securities offerings by Ripple. 🥊 The SEC has responded to Ripple's motion to seal and redact some evidence related to the remedies briefing. The regulator argues that the court should deny Ripple's request to hide financial and securities sales info as it's central to the arguments presented by both parties. 📝 Interestingly, the SEC isn't challenging the sealing of Ripple's recent financial statements in their entirety. However, it's against Ripple's request to redact info about its revenues and expenses dating back to 2014. The SEC believes this data could shed more light on Ripple's XRP sales and play a crucial role in the legal proceedings. 🧐 The lawsuit kicked off in December 2020 when the SEC accused Ripple and some of its executives of illegally raising over $1.3 billion in an unregistered securities offering by selling XRP. The case has seen numerous updates and reached its trial phase on April 23, 2024. 📆 The two parties have clashed over the testimony of key witness Andrea Fox, with Ripple claiming it's an unsolicited expert opinion, and the SEC describing it as standard summary evidence. Now, all eyes are on the judge's ruling. Will the lawsuit close this summer with a $100 million settlement as predicted by some? Only time will tell! 🕰️🔮
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🚀🚀Buckle up, BTC enthusiasts! ETH prices soared to a whopping $3,700 in early trading in Asia on Tuesday, May 21, marking the highest point since early April. This 20% surge has been ignited by renewed optimism that the US Securities and Exchange Commission could greenlight the first spot ETH ETF from VanEck on May 23. 🎉 The crypto market has been swept up in this wave, with the total market cap increasing by 8.6% to $2.74 trillion. Bitcoin is closing in on its all-time high, hitting $71,600 during trading in Asia on Tuesday morning. 📈 Bitcoin pioneer Anthony Pompliano shared his excitement, stating that if the Ethereum ETF gets approved, it's a win for the entire industry. Bloomberg ETF analysts James Seyffart and Eric Balchunas have also upped their approval odds from 25% to 75%. 🎲 Meanwhile, ten issuers, including BlackRock, Fidelity, and Grayscale, are in the race for America's first spot Ethereum ETF. VanEck is the first in line, with Ark 21Shares following on May 24. 🏁 In related news, crypto asset trading and custody firm Prometheum has launched an Ethereum custody service, treating the asset as a security. This move has sparked speculation that it could be in preparation for an SEC denial of ETH ETFs. However, the recent shift in sentiment suggests the opposite might happen this week. 🔄 Stay tuned, folks! The crypto world is full of surprises! 🌍🚀
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🎉🚀 Bitcoin enthusiasts, buckle up! Digital asset investment products are on a roll, with a surge for the second week in a row, hitting a whopping $932 million! 📈💰 However, the trading volume was a mere $10.5 billion, a far cry from the $40 billion recorded in March. The unexpected CPI report released on Wednesday was a major trigger for the influx of funds. CoinShares’ Digital Asset Fund Flows Weekly Report reveals that 89% of the total flows happened during the last three trading days of the week, hinting that BTC prices are back in sync with interest rate expectations. 📊🔮 Bitcoin investors aren't betting on a price drop, indicating a bullish outlook. Short BTC investment products saw a measly $0.6 million inflow, while Bitcoin enjoyed weekly inflows of $942 million. 🎉🎉 Altcoins like Solana, Chainlink, and Cardano also saw inflows, with $4.9 million, $3.7 million, and $1.9 million respectively. Litecoin had modest inflows of $0.5 million. 🎈🎈 However, Ethereum faced a negative sentiment due to concerns about the SEC’s approval of a spot-based ETF, resulting in outflows of $23 million over the past week. Blockchain equities also saw outflows, with only six out of twenty weeks this year recording inflows. 😔😔 The US led the way with $1.002 billion in inflows last week, largely thanks to Grayscale. Switzerland and Germany also had modest inflows, while Hong Kong, Canada, and Sweden saw outflows. 🌎🌍🌏 Stay tuned for more exciting updates, Bitcoiners! 🚀🚀🚀
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