The Cryptocurrency Open Patent Alliance (COPA), a newly formed organization that “seeks to remove patents and litigation as a barrier to growth in crypto”, has demanded proof from Craig Wright that he is Bitcoin creator Satoshi Nakamoto before founding member Square will countenance removing the Bitcoin whitepaper from its website. The letter, sent from COPA to Wright’s lawyers, asks nine questions it says Wright must answer if he wants to assert what he says is his copyright over the Bitcoin whitepaper, an assertion that elicited a strong response from the cryptocurrency community two weeks ago and saw the Bitcoin whitepaper uploaded on several sites, including FullyCrypto.
The Ledger hack database containing the personal details of over 250,000 customers and over a million newsletter subscribers’ email addresses has been publicly leaked months after it first emerged on the dark web. The list had been trading hands for huge sums ever since its emergence earlier in the year, resulting in affected users being inundated with emails, phone calls, and SMS messages, but the list going public brings with it a whole new level of risk for affected customers.
Read the full article at FullyCrypto: https://fullycrypto.com/ledger-hack-database-dumped-on-public-forum
Ripple (XRP), Polymath (POLY), and Maker (MKR) tokens were the biggest losers as the first ratings were released by the Crypto Rating Council, the body made up of US-based exchanges that was announced yesterday. The trio received the worst ratings according to the new unofficial rankings, compiled by the new group in consultation with lawyers and crypto experts, with POLY and MKR coming out bottom of the pile that saw stalwarts Bitcoin (BTC), Monero (XMR), Litecoin (LTC) occupy the top spots alongside Dai (DAI) in the controversial new rankings.
Read the full article at FullyCrypto: https://fullycrypto.com/xrp-poly-and-mkr-get-thumbs-down-from-crypto-rating-council
A court in China has sentenced some of the ringleaders of the now notorious PlusToken crypto scam to up to 11 years in prison. The sentencing marks the conclusion of Asia’s biggest ever cryptocurrency scam, which some sources estimate to be worth around $10 billion at today’s prices. The South China Morning Post reported yesterday that the 11 ringleaders were sentenced for $2.25 billion worth of fraud, bringing to an ignominious end the Ponzi scheme that claimed to offer guaranteed returns on investments and arbitrage among other methods of money generation.
Read the full article at FullyCrypto: https://fullycrypto.com/plustoken-scammers-sentenced-to-up-to-11-years-in-prison
In this weekly news update, Mark and Alex discuss how to use the Crypto Fear and Greed Index as a trading strategy, and also report on the downfall of the Pek Universe scam.
Editing by Andy Crane
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A trader has asked for help after he accidentally paid $9,500 in ETH for a Uniswap transaction. The trader asked for assistance on Reddit through his username ProudBitcoiner, saying that he mixed up the gas limit and gas price fields, leading to the mammoth transaction fee of 23.5 ETH for a $120 trade.
Read the full article at FullyCrypto: https://fullycrypto.com/metamask-mistake-leads-to-9500-uniswap-transaction
Cred, the blockchain banking system which last week revealed that a “fraudulent incident” had resulted in them halting CredEarn deposits and withdrawals, filed for bankruptcy on Sunday night, leaving users facing a loss of funds. A legally-worded press release was posted late Sunday following the filing, with no notification made on the company’s social media accounts. The filing means that the company has admitted it is out of cash, with creditors preparing to fight over what little is left and former partners like Uphold preparing lawsuits.
Read the full article at FullyCrypto: https://fullycrypto.com/cred-files-for-bankruptcy-days-after-fraudulent-incident
In this special episode of the FullyCrypto podcast, Mark and Alex tear into the META 1 Coin scam and in particular their hilariously bad whitepaper.
Our Full META 1 Expose - https://fullycrypto.com/is-meta-1-coi...
META 1 Coin Whitepaper - https://irp-cdn.multiscreensite.com/4...
Editing by Andy Crane
Music - Summer Starts Here by Elliot Middleton (https://bit.ly/2Ft7UjV)
https://www.fullycrypto.com
Twitter: @FullyCrypto
Minds: @fullycrypto_official
Facebook: facebook.com/FullyCrypto
LBRY: @FullyCrypto
Instagram: @fullycrypto_official
Parler: @FullyCrypto
Veteran investor Mark Mobius has claimed that one of the reasons for the recent downturn in the gold price is because money is flowing out of gold and into Bitcoin. Speaking to Bloomberg this week, Mobius, who has been called “the Indiana Jones of emerging market investing” and whose net worth is said to be some $50 million, said that Bitcoin is increasingly being seen as a store of value and that there is a clear relationship between the two, albeit and inversely correlated one.
Read the full article at FullyCrypto: https://fullycrypto.com/veteran-investor-reinforces-bitcoin-store-of-value-narrative
Back in 1994, even before Bitcoin was a thing, Nick Szabo introduced the world to smart contracts. Fast forward to ten years later, Vitelik Buterin gave the world Ethereum, which was a public blockchain built on smart contracts. Automating contracts using code has risen in popularity over the years as the world embraces the power of Distributed Ledger Technology (DLT).
Read the full article at FullyCrypto: