London police nab prolific cybercriminal

London police nab prolific cybercriminal, seize $700,000 in BTC

Undercover British police took a little train ride last December. It wasn’t for a police conference or to participate in a training exercise; instead, it was the perfect opportunity to corral a fugitive they had finally caught up with after two years. The fugitive was Grant West, and he had become known as one of the most prolific cybercriminals in the world.

Going by the name of “Courvoisier” online, he allegedly concocted a series of cybercrimes directed at more than 100 companies between July and December 2015. According to investigators, West targeted gambling shops, cellphone companies and supermarkets, using phishing emails sent to the stores’ customers that resulted in the individuals giving up their bank details, credit card numbers and passwords.

West used this information to make a small fortune on the Dark Web, selling the data to unscrupulous scammers. He received payments for his services, and converted them all to BTC—when he was arrested, over $700,000 in BTC was found in several wallets held on his laptop.

Under many circumstances, law enforcement officers have a difficult time gathering intel, especially when criminals use the anonymity of cryptocurrency to their advantage. However, when West was nabbed, his laptop was turned on and unlocked, and investigators were able to walk right in. They found his encrypted addresses on the computer, which helped authorities secure their case against him.

According to Sharon Cohen Levin, a money-laundering authority who has worked for the U.S. Attorney’s Manhattan office, investigators often have the ability to know that cryptocurrency has been utilized in the commission of a crime, but they aren’t able to identify the individuals. Having access to West’s laptop changed that significantly in this case. Levin explained to USA Today, “There is not necessarily any place, for example, that you can subpoena to find information about Bitcoin-related activity.”

The arrest comes after a two-year undercover operation led by Scotland Yard. The arrest was led by Mick Gallagher, who said, “These people generally feel they can operate with impunity, that they can’t be touched. We have now debunked that.”

West was found innocently traveling on the train, oblivious to what was about to go down. He pleaded guilty to the charges and will stand before a judge on May 25 to learn his fate. His girlfriend and alleged accomplice, Rachael Brookes, was sentenced to community service for two years, authorities said.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
OpenBazaar co-founder vents at excessive BTC fees

OpenBazaar co-founder vents at excessive BTC fees

Washington Sanchez, co-founder of open-source decentralised marketplace OpenBazaar, has expressed frustration over the high fees involved in BTC transactions.

Sanchez lashed out at the high transaction fees on Twitter, as well as expressing regret at his earlier BTC “maximalism,” to the exclusion of other, often more suitable cryptocurrency alternatives.

Since the launch of the project back in 2014, OpenBazaar has mainly processed payments in BTC. However, with fees and transaction times on the increase, and serious concerns about scalability with current technology, Sanchez appeared to suggest there was an appetite for embracing alternative cryptocurrencies.

In his frank tweet, Sanchez bemoaned the civil war in Bitcoin community, and suggested that the issue to embrace alternative cryptocurrencies had now been forced by the fundamental problems with BTC for payments.

He added, “The core lesson was to not let personal ideology interfere with designing what is best for open competition and experimentation within the marketplace…Openbazaar is supposed to be a free and open protocol for trade using cryptocurrency, a way for currencies and tokens to gain meaningful economic utility to acquire goods and services, and an entry point for people to earn/onboard. This vision cannot be limited to a single coin.”

The comments come with the suggestion that OpenBazaar is ready to introduce support for a raft of new cryptocurrencies to solve the issues of lengthy transaction times and ever-increasing transaction fees.

In particular, OpenBazaar is looking at increasingly incorporating Bitcoin Cash (BCH), for more efficient, cost-effective transactions. Without the legacy issues that affect BTC, Sanchez said OpenBazaar would be implementing support for BCH, along with several other cryptocurrencies by the end of the year.

“With any luck, by the end of the year, [Openbazaar] will look radically different,” Sanchez tweeted.

In addition to BCH, Openbazaar also suggested several other cryptocurrencies may be supported in future, including LTC, ETH and ZEC.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Goldman Sachs gearing up to launch Bitcoin futures

Goldman Sachs gearing up to launch Bitcoin futures

Investment banking giant Goldman Sachs is taking a step into the cryptocurrency space as it looks to launch its own Bitcoin (BTC) futures product soon, The New York Times reported.

The bank will reportedly use its own funds to trade the futures in the cryptocurrency, although these will be on behalf of its clients. It is intriguing that Goldman will be taking this step as it has pronounced itself rather against BTC and the larger cryptocurrency market in the past.

BTC futures are a slightly controversial product since they seem to centralize the movement of the cryptocurrency, which was founded on the very principle of decentralization. In fact, several cryptocurrency enthusiasts have blamed the introduction of BTC futures in December for the massive fall in the value of the cryptocurrency market in January, when prices dropped by as much as 70% in some cases. However, other analysts said the futures market has given some legitimacy to the whole cryptocurrency market as a whole, dismissing fears that it’s some kind of bubble.

According to the New York Times report, the launch date of the Goldman Sachs BTC futures is not yet known but the initiative has the approval of the board of directors who signed off on the proposal a few days ago. The news outlet indicated that Goldman Sachs is about to create its own more flexible version of a BTC future known as a non-deliverable forward, which will eventually be delivered to its clients.

Speaking to The Times, Goldman Sachs executive Rana Yared explained that the decision to introduce BTC futures was taken after a huge amount of interest from its clients who showed the wish of holding the cryptocurrency as an alternative asset in their portfolios.

Goldman Sachs appeared to be serious on this initiative since they hired digital asset trader Justin Schmidt. Schmidt, who will be handling the bank’s daily operation, has previous experience at hedge fund Seven Eight Capital before he entered the cryptocurrency trading market last year.

This development demonstrates the continued involvement of Goldman Sachs in the crypto market. CEO Lloyd Blankfein had already stated that the bank was clearing BTCn futures for its clients whilst any further action on the proposal would depend on clearance by U.S. regulators.

Yared also indicated that the decision was not taken lightly: “For almost every person involved, there has been personal scepticism brought to the table. It is not a new risk that we don’t understand. It is just a heightened risk that we need to be extra aware of here.”

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash jumps 10% as crypto market sees positive spike

Bitcoin Cash jumps 10% as crypto market sees positive spike

The cryptocurrency market had a generally positive Wednesday with most currencies in the green, but the biggest mover by far was Bitcoin Cash (BCH), which jumped considerably to almost $1,500 over the past 24 hours before settling at the $1,450-$1,470 mark.

As already indicated in previous news articles, BCH is fast becoming the currency of choice for fast transactions and more payment providers are taking on the cryptocurrency, thus increasing its popularity.

Another positive mover which saw a significant increase in price was Ethereum, which finally breached the $700 mark and sailed beyond that psychologically important level to trade at around $720 at press time. The news that Ethereum has finally deemed not to be a security has perhaps given the currency a boost, with trading volumes spiking sharply in the past few hours.

BTC saw a consolidation at around the $9,200 mark, but the price could start pushing upwards in the next 24-28 hours as more trading volume enters the market. Ripple also consolidated at the $0.83-0.85 level but there seemed to be little appetite for a push forward in that direction with the fabled $1 mark still far away. Litecoin saw a push beyond the $150 mark, but volumes were quite low and it appeared that it will take some time for the currency to start moving forward beyond the $160 mark and towards the $200 level. However as with Ripple and BCH, there is a constant stream of news regarding agreements signed for Litecoin, which can have a positive effect on the price on a long-term basis.

Of the currencies with smaller market cap, EOS continued losing most of the big gains which it had achieved last week and was trading at around $17 at press time—a loss of 8% although this appears to be a good entry position for new investors. Stellar seemed to be consolidating at the $0.45 mark with very little movement up or down, whilst Dash has also consolidated but at around the $480 mark with a push beyond the $500 level expected very soon as trading volumes and interest in the currency continue to increase. Ethereum Classic appeared to be preparing for a move towards the $30 level, although it’s still trading at the $22 mark but with quite strong volumes at that price. NEO recouped some of this week’s slump after Sunday’s bull run and was trading in the mid $80s at press time.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Edit wars prompt Bitcoin Cash Wiki page lockdown

Edit wars prompt Bitcoin Cash Wiki page lockdown

The debate over the identity of Bitcoin has intensified in recent weeks, with BTC Core supporters resorting to trolling Bitcoin Cash (BCH) on Wikipedia in their latest attempts to claim exclusive ownership of the Bitcoin name.

As a result, Wikipedia have locked the page, preventing further malicious edits to the Bitcoin BCH entry. This often occurs around controversial topics, or when Wikipedia editors dispute the neutrality of a post, resulting in Wikipedia’s internal dispute resolution process.

At the moment, the page displays a notification about its status: “The neutrality of this article is disputed. Relevant discussion may be found on the talk page. Please do not remove this message until conditions to do so are met.” The last edit to page was made on May 2, 2018.

Following through to the talk page reveals more about the reasons behind the temporary lock, which states:

“There have been attempts to recruit editors of specific viewpoints to this article. If you’ve come here in response to such recruitment, please review the relevant Wikipedia policy on recruitment of editors, as well as the neutral point of view policy. Disputes on Wikipedia are resolved by consensus, not by majority vote.”

Even Bitcoin ABC lead developer Amaury Séchet noticed the lockdown on the Bitcoin Cash Wiki page due to repeated vandalism, commenting on Twitter that “‘Cypherpunks do Orwellian shit’ is the new ‘Cypherpunk Write Code.’

Further inspection shows that the majority of recent suggested edits have been attempting to include references to ‘Bcash’, a term considered inappropriate by those in the BCH community. Some have even suggested this is an intentional attempt to confuse or deceive, by introducing confusing alternative names for Bitcoin BCH.

Referencing user FoxyJim, who tried to change the name to ‘Bcash,’ Wiki editor Toomuchtalk was keen to set the record straight: “Foxyjim obviously doesn’t understand what Wikipedia is — Just because a disagreeing faction created a derogatory name in an effort to obscure the truthful Bitcoin history and are upset that they are using the name Bitcoin does not make the use of Bcash a legitimate historical fact.”

These are just the latest front for attacks from the BTC Core community, with others taking to the Wiki page to dispute sources, the events surrounding the fork, and the Segregated Witness protocol.

The central dispute between Bitcoin BCH and BTC reflects conflicting interpretations of Satoshi’s original vision, with SegWit now straying further from the cryptocurrency concept as envisaged.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Couple faces robbery charges in ‘Discount Bitcoin Bandit’ case

Couple faces robbery charges in ‘Discount Bitcoin Bandit’ case

Two people in Los Angeles have been charged with stealing more than $87,000 from people who sought to buy cryptocurrencies at a discounted price, the Los Angeles County District Attorney’s Office announced.

The couple, dubbed “Discount Bitcoin Bandits,” allegedly made online advertisements promising discounted BTC, and then stole the victims’ payments. Between October 2017 and February 2018, 27-year-old Precious Lanay Fitzgerald and 22-year-old Lawillie Joshua Hall stole a total of $87,126 from at least six people.

Authorities said in one instance, Fitzgerald received a money transfer from one of the victims, but did not provide the cryptocurrency, while in other cases, she would meet the victims in person and “forcefully took the cash they had brought” to buy the digital currency.

Hall allegedly helped Fitzgerald in at least two of the robberies and had used a gun, according to investigators. Authorities said an infant was also present in some of the robberies.

Fitzgerald was initially charged with four counts of felony second-degree robbery, two counts of felony child abuse and one count of felony grand theft in March. Two new charges—one felony count each of grand theft and child abuse—were recently added in her charge sheet. Hall was charged with two counts of second-degree robbery, and he, along with Fitzgerald, also faces gun allegations.

This was not the first time Precious Fitzgerald is on the wrong side of the law. In March 2010, Fitzgerald was convicted of assault with a deadly weapon other than a firearm. She now faces a possible sentence of 29 years and 18 months in the state prison if found guilty of the crimes. Lawillei will also face up to 19 years and four months if found guilty.

Last month, another couple was arrested in the Philippines after they allegedly scammed 50 people into investing in NewG. The two, Arnel and Leonary Ordonio, managed to steal US$17 million (PHP900 Million) by promising 30% returns on investments made.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Vertcoin joins growing list of hijacked Twitter crypto accounts

Vertcoin joins growing list of hijacked Twitter crypto accounts

It appears that the cryptocurrency market continues to be compromised by scammers and fraudsters at every turn with the latest victim being Vertcoin.

At around 20:00 UTC on Tuesday, the @Vertcoin account tweeted that its developers were “doing a 10 BTC giveaway” to its followers. The now deleted tweet asked users to send 0.005 BTC to a specific address to enter what was clearly a scam contest.

Hey, everyone! Vertcoin and staff are pleased to announce that we’re doing a 10 BTC giveaway to our followers to celebrate Vertcoin’s success. Send 0.005 to 3HU5sj7kB6wT9zRwpbhCRrR28vKWjfkMKf enter! Winner will be announced 5/3/18 at 8pm EST. — Vertcoin (@Vertcoin) May 1, 2018

The tweet immediately caused considerable consternation amongst community members who are known to be very loyal and were instantly suspicious. The tweet was very similar to several scams involving cryptocurrency giveaways that have invaded the Twitter space for the past several months. These are giving an extremely bad name to the cryptocurrency world, which is still seen as an unsafe haven for prospective investors who are looking to bite the bullet.

The tweet was confirmed as a scam when Vertcoin’s lead developer James Lovejoy tweeted from his personal account confirming the hack and that the company’s Twitter account had been compromised. Lovejoy called on all users not to accept any giveaways confirming that they were all fake.

The scammer’s operation was not much of a success, however. At the time of writing, the BTC address had received less than 0.007 BTC, which translates into a pathetically low $61. Only one transaction of 0.005 BTC went through with just one user falling victim to the scam. The tweet still remained online as at 21:54UTC however there were no more posts from the scammer. It is unknown whether any private messages were sent from the compromised account.

Unfortunately for Twitter and the cryptocurrency world in general, scams have run riot on the platform in recent months. This despite Twitter CEO Jack Dorsey’s pledges that the company is working assiduously to get them removed. It actually contributed to the problem some weeks back when it verified a scam Verge account which caused havoc on the platform. The scammers typically use false accounts to imitate well known industry figures and companies formulating replies to official account tweets, which, in turn, attempts to trick gullible users to send cryptocurrency.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash recovers as crypto market trades sideways

Bitcoin Cash recovers as crypto market trades sideways

The cryptocurrency market continued to trade sideways on Wednesday after dropping slightly in the past 48 hours. After a day of trading below the $9,000 mark, BTC regained the $9,100 mark on Wednesday morning although trading volumes remained slightly low.

Bitcoin Cash retraced slightly from its intra week highs on Tuesday; however, it was recovering well on Wednesday to trade above the $1,300 mark and was well on course to reach the $1,400 mark if a sustained rally takes place over the next few days. There has been a consistent spread of good news for this currency as it continues to be involved in payment agreements and other news that is generally positive.

The third largest currency by market cap, Ripple, also had a generally positive 24 hours, regaining the $0.80 mark with ease to trade at around $0.84 on Wednesday morning. Ripple also continued to be in the news with more banks and companies adopting the technology, so it must only be a matter of time before a jump in price is seen. Another larger market cap currency, Litecoin, appeared to be on a slight recovery as it was once again flirting with the $150 mark on Wednesday morning after having dropped in the low $140’s over the past days.

Ethereum remained relatively stable and was once again close to the $680 mark in the past hours after having dropped as low as $650 on Tuesday, when the market correction took place. The currency’s founder Vitalik Buterin seems to be in the news constantly nowadays and that can only have an effect on the currency’s short- to medium-term prospects as it continues to garner exposure. Ethereum Classic held on to the small gains it registered on Wednesday and was looking to breach the $22 mark if a rally takes place.

Currencies with smaller market caps had a slightly mixed day overall. XLM was up by around 4%, only to fall back in the past hours but is holding well at the $0.43 mark. EOS seems to have stabilized at the $18-19 mark after the steep rises of last week, whilst Dash is also stable in the $450-480 range. Other currencies such as TRON and VERGE had a mixed day with the former losing some of its steep gains achieved last week and the latter shooting up on high turnover.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Japan's SBI Holdings to launch crypto exchange in summer 2018

Japan’s SBI Holdings to launch crypto exchange in summer 2018

Japan’s Financial Services Agency (FSA) recently began putting cryptocurrency exchanges under the microscope, causing two to shut down and others to permanently leave the country. While the agency may have had good intentions—to create regulations that would protect consumers—some of their policies were viewed as exaggerated. One financial company is willing to swallow the regulations and has announced that it will open a cryptocurrency exchange sometime this summer.

SBI Holdings, one of the largest financial services companies in Japan, will launch its SBI Virtual Currencies exchange, allowing investors to trade in Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), and BTC. The company’s president, Yoshitaka Kitao, anticipates using BCH as the settlement currency, given the fact that BTC is expensive and “tiring as a settlement currency.” Kitao added that the exchange’s remittance currency would be XRP.

The official launch date has yet to be announced; however, Kitao said, “When we do it, it will be number one in the blink of an eye so quickly, so even if a tremendous number of customers come, we can build a system that can bear. [sic] We have to pursue safety thoroughly.” The exchange comes after SBI initially announced plans for the SBI Virtual Currencies platform about a year and a half ago. In December, SBI said that it would be partnering with BTC trading platform Huobi and expected the exchange to be ready at some point early this year.

Following the FSA’s crackdown on cryptocurrency exchanges, SBI was forced to delay the launch once more as it worked on ensuring that the platform would function in accordance with the new regulations.

SBI was established in 1999 and has several business entities. It is involved in Financial Services, Asset Management, biotechnology-related research and development and a wellness bank. The company reported revenue of just over $3 million for its latest fiscal year ending in March, representing an increase of just under $700,000 from the previous fiscal year.

Two months ago, SBI purchased 40% of cryptocurrency hardware wallet company, CoolBitX, out of Taiwan. The wallet company’s main product is the CoolWallet, which has the ability to interact with other devices over Bluetooth.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Markets slump again as BTC drops below $9

Markets slump again as BTC drops below $9,000

After a relatively quiet morning in which only EOS experienced steep losses, the cryptocurrency markets experienced a considerable downturn on Monday evening and Tuesday morning. All major currencies were down with BTC experiencing another drop to below the $9,000 mark after having briefly flirted with $9,500 over the weekend. This had a corresponding negative effect on all major cryptocurrencies, which experienced drops in the values by around 5-10% in some cases.

Bitcoin Cash was down by around 6% after having superseded the $1,400 mark on Monday—it fell to below the $1,300 mark on Tuesday morning and was looking to drop deeper as selling pressure took hold. Ethereum also experienced a slight loss although this was not very marked and was trading at around $650 on Tuesday morning, with those levels appeared to be well supported. Its sister currency Ethereum Classic was also slightly down but had recovered considerably from its earlier lows in the past days, so was still well supported at the $21 mark.

Ripple had another disappointing day and lost the psychologically significant $0.80 level by dropping below that slightly to $0.79. The cryptocurrency had been playing around at the mid $0.85-0.90 levels, but Monday evening saw a steep drop of over 6% which was above the market movement. There appears to be good support in the $0.70-0.75 levels however, so there should not be cause for panic on investor’s part. Litecoin dipped well below the $150 mark on low volumes and there appears to be little appetite for a push in this currency at least for this week.

Of the currencies with smaller market caps, it was a mixed bag. EOS lost most of the gains it made over the weekend, dipping by around 16% as selling pressure took place although that was anticipated. NEO also lost some of the gains it made on Sunday and was down by about 10% overall at around $80. Stellar Lumens was perhaps the currency which held its own the best, with only a 3% drop and was trading at $0.42 at press time. Dash appeared to be losing support at the $480-490 level and was down by around 5% overall trading at $450 with a push towards the $50 mark appearing rather remote, at least for the next 24-48 hours.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash holds on to gains

Bitcoin Cash holds on to gains, sets sights on $1,500

The cryptocurrency market had a rather muted performance over the weekend, with most of the major coins staying at their price levels achieved over last week although there were some notable exceptions. BTC has been stuck between the $9,100 and $9,400 levels with very little movement in this tight trading range. However, it appears that the coin is poised for some upward movement in the next few days as new money comes into the market.

Bitcoin Cash held on to its levels very well enough and was trading at around $1,400 at press time and was looking to soar to the $1,500 level again with some upward momentum. The currency has performed very well, holding on to its gains over the past week. Another currency that appeared to be consolidating is Ethereum, which reached the $680 mark on Monday morning and was looking to achieve the $700 barrier yet again with the possibility of posting strong gains thereafter. Ethereum Classic was also performing well at press time and was looking to breach the $22 mark soon.

However, the strongest gainers over the past 48 hours were the coins with the smaller market caps. EOS was undoubtedly the star performer with an incredible 50% gain over this period rising to $22 at some point—a 100% gain over the week although it was retracing slightly to around $19 on Monday morning. NEO also had a considerable bull run on Sunday, rising by about 25% to exceed the $90 region although it fell back slightly by around 5% on Monday morning. Still, this was a considerable improvement over the last weeks, when the currency appeared staid and did not move that much.

Ripple was slightly disappointing in that it remained stuck between the $0.84 and $0.86 level notwithstanding all the amount of good news that continued dominating the markets. The fact that XRP continues to be involved in new agreements between banks should undoubtedly have a positive effect on its price sooner or later. Dash also appeared slightly staid, but is well supported at the $480-490 level whilst Litecoin remains stuck at the $150 mark with not much sign of any real movement downwards or upwards. Stellar Lumens also consolidated its strong gains over the past week and remains at $0.45, although a push towards the $0.50 mark is not to be unexpected.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Statement: CoinGeek will support Bitcoin.com in lawsuit over the real Bitcoin

Statement: CoinGeek will support Bitcoin.com in lawsuit over the real Bitcoin

CoinGeek welcomes this opportunity to subject the merits of both BTC and Bitcoin Cash BCH to scrutiny in court.

Recently, a group of BTC devotees launched a website in hopes of gathering a crowd as well as some funds to aid their effort in filing a lawsuit against the website, Bitcoin.com. The group, which also has a dedicated Telegram group started by Twitter user @MoneyTrigz, alleges that Bitcoin.com’s user interface confuses buyers by using the same logo colour for both BTC and Bitcoin Cash (BCH). They add that referring to BTC as Bitcoin Core was enough to mislead BTC buyers into mistakenly purchasing BCH.

The group is now soliciting donations for their cause through their website bitcoincomlawsuit.info. Whether this complaint or its proponents have any viable claims is yet to be seen.

CoinGeek welcomes this as an opportunity to challenge the cultist dogma and subject to scrutiny the merits of BCH against that of BTC in court. Below is CoinGeek’s official statement about the matter.

A statement from Calvin Ayre, CoinGeek.com Founder

CoinGeek.com will support and join any lawsuit related to what is the real Bitcoin.  We look forward to a court reviewing the original white paper and the evolution of the two major branches that are on the chain that originated with the bitcoin genesis block.

It is clear to anyone who knows the history and technology that Bitcoin BTC is inaccurately using the Bitcoin name and has forked to Segwit technology and is no longer bitcoin or even a cryptocurrency.   

Bitcoin BCH forked back to being bitcoin after the Segwit fork and is staying true to the original white paper. CoinGeek has been studying how we could get this issue before a court and would welcome the opportunity to put our substantial resources into getting a judge to review the science and make a decision. We are confident there is only one outcome to this and that is that BTC has stolen the Bitcoin name for a Segwit technology alt coin. 

Bitcoin.com has every right to also have its own opinion in this area and we support this 100 percent also.  Nobody is in a better position to know bitcoin when they see it than bitcoin.com and Roger Ver who have been there since the very start.”

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.