Breaking: Bitcoin Price Could Change as Another 'Satoshi' Seeks to Copyright BTC Whitepaper

  • Yuri Molchan
    📰 News

    Craig Wright will now, perhaps, sue his new rival📛 – another self-assumed Satoshi Nakamoto who files a copyright registration on Bitcoin whitepaper💱 📄


Breaking: Bitcoin Price Could Change as Another 'Satoshi' Seeks to Copyright BTC Whitepaper
Contents

Some members of crypto community now seem to get the value of Craig Wright’s idea with the US Copyright Office and Bitcoin copyright registration – a Chinese citizen has filed an application, saying that she is the original author of BTC whitepaper.

Another ‘fake Satoshi’ on the horizon

On May 24, a Chinese citizen Wei Liu filed an application to the US Copyright Office to officially tell the world that she is allegedly the one who invented Bitcoin.

Another ‘fake Satoshi’ on the horizon

As claimed by Wei Liu, in 2008 she used the name Satoshi Nakamoto to write ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ and published it as a text file on the web.

Craig Wright should now perhaps prepare to initiate a lawsuit against his new competitor. He was the first to file an application to register his copyright for Bitcoin.

Now, his assumed authorship of Bitcoin whitepaper can be challenged in court with the help of another contender.

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Who is Wei Liu?

So far, there is not any precise information about who this person is. However, a woman with a similar name was the ‘right hand’ of the Bitbox crypto exchange co-founder in 2018.

Last year, Wei Liu was sued by Wanlin Wang, the co-founder, who claimed that Liu had claimed herself as the only company’s shareholder trying to get hold of over $3 mln.

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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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Wall Street Is Extremely Bullish on Facebook’s Cryptocurrency  


Wall Street Is Extremely Bullish on Facebook’s Cryptocurrency  
Contents

Social media juggernaut Facebook is about to launch its Libra cryptocurrency, which, as expected, is currently on everyone’s lips.

According to a recent CNBC report, financial analysts appear to be on the same page when it comes to bullish Facebook predictions.   

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The talk of the town

There is a schism in the cryptocurrency community concerning Facebook’s foray into crypto. While some think that Facebook undermines Satoshi Nakamoto’s vision of a decentralized cryptocurrency, prominent influencers, including Mike Novogratz and Anthony Pompliano, look at the bright side.

On the flip side, major Wall Street players seem to agree that Facebook’s stock will see plenty of love once the company unveils its much-talked-about crypto project.

SunTrust, MoffettNathanson, Bank of America stick with a “buy” rating on Facebook.

MoffettNathanson goes as far as claiming that the Mark Zuckerberg-led company aims to become the biggest e-commerce platform on the planet.

We believe a Facebook cryptocurrency-based payments system could be especially useful in countries with high inflation/unstable banking systems and for cross-country remittances. So, Facebook’s commerce ambitions do not appear to be limited to developed markets. Rather, Facebook has its eyes set on becoming the world’s leading ecommerce platform as well.”

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Not the right company?  

As reported by U.Today, Facebook joined forces with VISA, Paypal, and a slew of other startups that became part of the Libra consortium for a whopping $10 mln fee.

The company itself remains radio silent about its crypto ambitions, but there have been countless reports on that topic since December.

We are about to see a fiat-pegged stablecoin that will be integrated into Facebook, Instagram, and WhatsApp.

After being plagued with huge data scandals, Facebook will probably have a hard time convincing regulators to green-light its new cryptocurrency. Hence, it might be a promising idea, but not the right company to pull it off.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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