Bitcoin News Daily Official TheBitTimes.com

Tuesday was Day 13 of the Coinbase, Kraken, Block, and MicroStrategy-backed Crypto Open Patent Alliance’s ( COPA ) court battle with self-proclaimed Bitcoin creator Craig Wright . Early in the morning, observers gasped as Wright dumped another 164,000 pages in front of them. As we learned on February 12, Wright wants to use his wife’s mysteriously discovered box of documents from his attic as evidence . Naturally, skeptics of Wright like BitMEX Research asked why Wright needed so many pages if he really was Bitcoin’s creator. After all, he could prove his identity with just 150 bytes — one transaction on the Bitcoin blockchain. And a REAL proof of Satoshi would only be like 150 bytes in total, instead he produced a 160,000 page fake proof — BitMEX Research (@BitMEXResearch) February 21, 2024 Two pro-BTC influencers joke about BSV’s big data blockchain. First witness of COPA v. Wright day 13: Martti Malmi During the 13th day of COPA v. Wright , one of the earliest l...

The legal team of Terraform Labs and Do Kwon have agreed with the SEC on maintaining the confidentiality of certain documents in their trial .  The agreement comes in the context of charges leveled by the SEC against the LUNA founder in February, accusing them of conducting a fraudulent scheme involving cryptocurrency assets worth billions of dollars. Terra’s stablecoin UST and LUNA collapse in 2022 was one of the main drivers of the latest crypto winter, which also played a part in the FTX collapse.  Source: Courtlistener You might also like: Coinbase, Circle awarded crypto licenses in France ahead of MiCA The presiding judge in the Southern District of New York, Jed Rakoff, ratified a protective order today. This order stipulates that both parties are restricted from publicly disclosing confidential materials. Additionally, the court will seal discovery documents tagged as confidential until the commencement of the trial .  Judge Rakoff indicated a low probabilit...

The blockchain analytics firm Elliptic didn't rule out the possibility of an FTX inside job being behind the $477 million hack. Anonymous hacker s of the now-defunct exchange FTX have been moving large amounts of assets stolen from the platform, with new transactions occurring just as the ongoing trial of FTX founder Sam Bankman-Fried gets underway. As much as 72,500 Ether (ETH) of stolen assets from FTX has awakened for the first time since the exchange was hacked in November 2022, the blockchain analytics firm Elliptic reported on Oct. 12. According to Elliptic, the thief has converted $120 million worth of ETH into Bitcoin (BTC) through the multi-chain decentralized exchange (DEX) THORSwap since Sept. 30, 2023. The first converting transactions were made just a few days before Bankman-Fried’s trial started on Oct. 3. At the time of the hack, the converted amount was worth $87 million, or 18% of the total stolen funds of $477 million. The FTX hacker applied a similar launder...