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Crypto Patent Alliance Questions Craig Wright’s White Paper Copyright Claim – Bitcoin News

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Jamie Redman

Back in January, the notorious Craig Wright who claims to be Satoshi Nakamoto had his lawyers send letters to a number of websites like bitcoin.org telling them to remove the Bitcoin white paper hosted on their web portals. On January 31, bitcoin.org’s owner Cobra claimed he was threatened by a Bitcoinsv supporter after the person discovered the anonymous owner’s phone number. Moreover, the organization Crypto Open Patent Alliance (COPA) has sent a letter to Wright’s legal team seeking more information regarding the claims of copyright ownership.

Cobra Refuses to Stop Hosting the Bitcoin White Paper, Allegedly Receives a Threat from a Bitcoinsv Supporter

Not too long ago, Craig Wright’s lawyers stemming from the law firm Ontier LLP, have sent letters to various websites telling them to remove the Bitcoin white paper from the web portal. The claim was of course met with controversy and the owner of the website bitcoin.org refused to take down the paper.

On February 3, 2021, the owner of bitcoin.org who calls himself ‘Cobra’ said “today was the deadline for me to stop hosting the whitepaper, otherwise I would be sued. It’s still up.” Three days before the deadline, Cobra also said that he received a death threat from a bitcoinsv (BSV) supporter.

“I’ve received a death threat from someone associated with the BSV community,” Cobra tweeted. “This person somehow discovered one of my business numbers, called me up, and made clear they would ‘shoot me point-blank’ once they find my personal information.”

The Bitcoin white paper issue also saw a massive number of websites host the paper in spite of Wright’s legal efforts. Not only had companies joined the movement but Estonia’s e-residency website also hosts the white paper now and Jehudi Castro, an advisor to the Colombian President added the white paper to a Colombian government web page.

COPA Questions Wright’s Copyright Claim

Moreover, the Cryptocurrency Open Patent Alliance (COPA) organization has gotten involved as well.

COPA has sent a letter to the law firm Ontier LLP and said that the organization will need more evidence that bolsters Wright’s claims. There are a total of nine questions, which asks on what basis does the assertion that Wright is Nakamoto and the author of the paper stem from.

COPA asks for the exact dates of when Wright allegedly wrote the paper and where he was located at the time. The organization asks for information in regard to anyone that may have helped author the white paper and further asks if Ontier’s client held the copyright since authoring the paper.

The alliance is giving Wright and Ontier roughly two weeks to respond to the questions and letter. Following the COPA letter, Square Inc. CEO Jack Dorsey retweeted the letter and said “100%.” Cobra also retweeted COPA’s tweet and letter as well and Square Crypto tweeted “we don’t care who created bitcoin, just who didn’t.”

Wright’s Patent and Copyright Claims Are Not Well Received by the Crypto Community at Large

A number of digital asset fans, that support alternative crypto assets other than bitcoin, are not pleased with Wright’s most recent moves. Even Bitcoin Cash (BCH) supporters want nothing to do with the BSV ecosystem in general because of all the legal threats and copyright/patent trolling.

“I don’t use Bitcoin SV because I do not want my Bitcoin transaction fees to support certain litigious companies running that show by destroying other projects and public interest in the Bitcoin sphere and elsewhere in cryptocurrency via copyright [plus] patent trolling and worse,” the Twitter account dubbed @btcfork wrote.

“This is one of my strong concerns with BSV as well,” the blockchain developer Jonathan Silverblood wrote in response to @btcfork tweet. “As much as I feel that I am welcome by many of the community members, I still don’t feel welcome in that ecosystem as a whole,” Silverblood added.

This has been a common argument against the bitcoinsv (BSV) ecosystem and it doesn’t seem like the protocol’s supporters can move on without Wright’s leadership. Many BSV supporters (not all), wholeheartedly believe Wright truly is Satoshi Nakamoto, and have supported the copyright claims as well.

What do you think about the letter sent to Craig Wright’s legal team? Let us know what you think about this subject in the comments section below.

Tags in this story
Bitcoin (BTC), bitcoin cash, Bitcoin White Paper, Bitcoin.org, Cobra, COPA, Copyright, copyright claims, Copyright Infringement, Craig Wright, Crypto Open Patent Alliance, Jack Dorsey, Lawyers, licensed, Litigation, notice, Open Source, Patent Trolling, Public Domain, Satoshi Nakamoto, Square Crypto

Image Credits: Shutterstock, Pixabay, Wiki Commons, Twitter

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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Grayscale Adds 174,000 LTC to Its Litecoin Holdings- Price of the Altcoin Unresponsive – Altcoins Bitcoin News

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Terence Zimwara

According to reports, Grayscale added 174,000 tokens to its litecoin holdings in the past month. This haul pushed its total holdings of the altcoin to 1.44 million. Following this acquisition, which represents 80% of all litecoin that were mined in the past month, the total value of Grayscale’s holdings of the altcoin is now just over $248 million.

Grayscale Adds 174k LTC to Its Litecoin Holdings— Price of the Altcoin Unresponsive

However, following the large acquisition by Grayscale Investments, LTC’s price movement appears to be unrelated to changing supply dynamics. For instance, Messari data shows that the altcoin only went above the $200 mark between February 12 and 22. However, since then the price has returned to levels below $200 with February 25 being the only exception. At the time of writing, the token was trading at just above $190.

Grayscale Adds 174k LTC to Its Litecoin Holdings— Price of the Altcoin Unresponsive

In the meantime, on Twitter, some users are questioning the altcoin’s failure to pump following Grayscale’s massive buying. For instance, one Twitter user, Carolyn Bamberger asks why the price has not pumped. In response, the Litecoin team said:

Large orders like these are usually purchased through an OTC desk as to not immediately impact the market. Some speculate that due to this the supply shock may be delayed.

Still, other users remain unconvinced with this explanation, while a few supporters believe that a price spike will happen soon.

Grayscale Adds 174k LTC to Its Litecoin Holdings— Price of the Altcoin Unresponsive

In the meantime, according to data shared by the Litecoin team, in the same period, Grayscale added over 243,000 ETH. This addition meant that as of March 1, 2020, Grayscale held a total of 3.17 million ETH tokens that are valued at around $4.86 billion.

In contrast, only 7,169 BTC were added to Grayscale’s biggest holdings thus bringing the investment company’s total holdings of the crypto asset to over 655,640 bitcoins.

What are your thoughts on Grayscale’s purchase of LTC? Tell us what you think in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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Bitcoin to Reach $100K to $288K in 2021? Stock-to-Flow Models Suggest It Could – Economics Bitcoin News

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Jamie Redman

The creator of the notorious stock-to-flow model (S2F), Plan B has recently detailed that the price of bitcoin has surpassed the S2F model price by 26%. The strong momentum has a number of crypto enthusiasts thinking that bitcoin prices reaching the $100k to $288k range by the year’s end is possible.

Price of Bitcoin 26% Higher Than S2F Trajectory

Plan B’s stock-to-flow model otherwise known as (S2F or S2FX) is a popular chart that measures the existing number of BTC in circulation (stock) and pairs it against the number of issued coins minted during mining (flow).

To many crypto enthusiasts, the S2F model so far has been fairly consistent and following along the mapped trajectory Plan B and others have estimated. In November 2020, the S2F creator doubled down and told the public that there was “no doubt whatsoever” in his mind that his S2F model was “correct.”

Bitcoin to Reach $100K to $288K in 2021? Stock-to-Flow Models Suggest It Could
Plan B shared a chart on Wednesday that shows his S2F model has been “spot on” since he created the S2F model back in March 2019.

At the time, Plan B said that he predicts the price of BTC will “tap $100K-288K before [December] 2021. In fact, I have new data that confirms the supply shortage is real,” he added. On March 1, 2021, Plan B revealed that the S2F model was still working and the price of BTC was actually 26% above the model’s predicted trajectory.

“New orange dot,” Plan B tweeted. “Feb close $45,240 (Jan was $33,141 and current price is $46,500)… like clockwork.” Two days later, Plan B wrote that ever since he drafted the model back in 2019 the prediction has been on point.

He said:

Bitcoin S2F model was published in March 2019. The model’s out-of-sample performance (on new data after Feb 2019) has been spot on.

In another tweet on Wednesday, Plan B criticized the S&P 500. “My most hated chart about bitcoin,” he said, sharing a correlation technical analysis chart. “S&P 500 correlation… S&P $4K and BTC $100K soon?” Plan B asked.

Plan B’s Poll With 53,000+ Votes Shows 37.3% Believe $100k Bitcoin Prices Are Coming, 33.1% Think That $288k Prices Are Possible

On February 26, the S2F author also held a poll on Twitter and the survey received 53,860 votes. Plan B’s Twitter survey poll asked: “Do you think bitcoin will reach $500K, $288K (S2FX model) or $100K (S2Fv2 model) before December 2021 .. or will BTC stay below $100K?”

Bitcoin to Reach $100K to $288K in 2021? Stock-to-Flow Models Suggest It Could

The poll had shown that 37.3% or the majority of participants think BTC will reach $100k. A touch less 33.1% thinks that $288k BTC prices are actually possible. 18.9% of the votes say that BTC will remain under the $100k handle and 10.7% voted BTC could reach $500k per unit.

During the last week, a number of bitcoiners have also been congratulating Plan B for his S2F predictions seemingly coming to fruition. “Stock to flow, quite incredible to see it play out,” one trader said and called Plan B a legend. Although, there’s plenty of S2F naysayers who have criticized Plan B’s stock-to-flow model in the past, but in more recent days S2F haters have been quieter.

Despite the critics, Plan B still seems extremely confident about his prediction and the S2F model as he noted on February 20, 2021, that the price of BTC reached the $55k target that he predicted in March 2019.

“$55k feels very natural and even low now, but back in early 2019 people laughed at [CNBC’s Joe Kernen] for just mentioning the possibility of $55k BTC,” Plan B tweeted that day. The S2F model’s creator also mentioned that the Wall Street Journal also noted that Plan B’s S2F model was on track as it completed the $55k zone last month.

News.Bitcoin.com readers who are interested in tracking the live version of the S2F model can follow the trajectory here.

What do you think about Plan B’s S2F chart and the possibility of $100k to 288k prices in 2021? Let us know what you think about this subject in the comments section below.

Tags in this story
$100K, $288k, Bitcoin, BTC, BTC Prices, Critics, Cryptocurrency, Demand, Fiat, gold, Market Update, model, Modeling Bitcoin’s Value, Plan B, Price Model, report, S2F, S2F model, Scarcity, stock-to-flow, stock-to-flow ratio, Traders

Image Credits: Shutterstock, Pixabay, Wiki Commons, Plan B Twitter, Stock-to-Flow, Twitter,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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ECOMI to List OMI Tokens With BitMax – Press release Bitcoin News

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Bitcoin.com PR

PRESS RELEASE. BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of OMI Tokens (OMI) under the trading pair of OMI/USDT on March 2nd at 9:00 a.m. EST.

ECOMI is leading the way in the mass market digital collectible space. Its app, VeVe, offers the most comprehensive digital collectible experience, with premium format 3D digital collectibles from the world’s leading brands. The OMI token underpins the economy of ECOMI Collect and is needed for the sale and purchase of digital collectibles and other digital goods within the VeVe App.

Digital streaming, gaming, in-app purchasing are all multibillion-dollar markets, and the next one to join this digital trend is the pop culture and collectibles industry. VeVe brings the physical world of collecting into the digital realm and offers collectibles in premium digital format as limited- edition 3D models, which users can place in virtual showrooms, trade or sell on a secondary market, share on social feeds, and view all 3D content in AR.

VeVe works with leading licensors offering digital collectibles from 70+ brands including Batman, Superman, Harley Quinn, Wonder Woman, Ultraman, Back to the Future, NFL, MLB, Ghostbusters, and many more.

With so much happening in the NFT space, BitMax is excited to be listing the OMI token for use in the VeVe app. This listing highlights BitMax’s commitment to supporting the rapid growth of the NFT ecosystem.

 

About BitMax.io

Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust design ranging from cash to margin trading, derivatives trading, staking products, and other investment solutions.

 

For more information and updates, please visit:

Website: https://bitmax.io/

Twitter: https://twitter.com/BitMax_Official

Telegram: https://t.me/BitMaxioEnglishOfficial

Medium: https://medium.com/bitmax-io

 

About ECOMI

ECOMI is leading the way in the mass market digital collectible space. Their app, VeVe, offers the most comprehensive digital collectible experience, with premium format 3D digital collectibles, from the world’s leading brands.

 

For more information and updates, please visit:

 

Website: https://www.ecomi.com/

Twitter: https://twitter.com/ecomi_

Telegram: https://t.me/ecomi

Medium: https://medium.com/veve-collectibles

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Image Credits: Shutterstock, Pixabay, Wiki Commons





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