Crypto News
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Ethereum co-founder and one of the biggest voices in the cryptocurrency space, Vitalik Buterin, praised the ecosystem's free speech ideals. However, the assertion faced backlash from a group of people on social media. What Happened: The man behind one of the biggest blockchain projects took to social platform X to take pride in Ethereum's culture of ...
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It took just one flicker of an idea, two minutes of typing, and four SOL. Within an hour, Michael Anderson had created a financial asset worth in excess of $25 million. “I’m sitting here going, ‘What the hell has just happened?’” Anderson, better known by his crypto moniker Mando, told Decrypt. The absurd tale of the asset in question, a Solana meme coin ...
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Bitcoin, the world’s first decentralised cryptocurrency, has made headlines for its dramatic price swings and potential to revolutionise the financial world. However, not many are familiar with one of its most celebrated days: Bitcoin Pizza Day. This annual event commemorates the first real-world transaction using Bitcoin, which took place on May 22, 2010. ...
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post: FED'S MESTER: MONETARY POLICY IS RESTRICTIVE. post: Mester: April CPI Report Was Good News, but Too Soon to Tell What Path Inflation’s on Mester: Inflation Progress Stalled in First Three Months post: FED'S MESTER: RISKS THAT WE'RE TOO RESTRICTIVE HAVE GONE DOWN. post: Mester: Inflation Risks Are Tilted to Upside Mester: I Don’t Think About Potential Rate Cut in Terms of When post: FED'S MESTER: THERE'S NO RISK IN SPENDING MORE TIME GATHERING DATA ON INFLATION BECAUSE THE ECONOMY IS STRONG.
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post: Judge Mellor has just delivered his written judgment that Craig Wright is not Satoshi, which carefully dissects Wright’s tangled web of forgeries and lies. Thanks to community support, COPA proudly stands for truth and justice. We look forward to developers continuing their… post: Today’s ruling is the result of a concerted and united effort across the entire open source community - from developers, to those who selflessly contributed to funding this important case, to all members of COPA. THANK YOU ALL for the time, dedication and support. Your efforts…Approved Judgement Dr Craig Steven Wright (‘Dr Wright’) claims to be Satoshi Nakamoto i.e. he claims to be the person who adopted that pseudonym, who wrote and published the first version of the Bitcoin White Paper on 31 October 2008, who wrote and released the first version of the Bitcoin Source Code and who created the Bitcoin system. Dr Wright also claims to be a person with a unique intellect, with numerous degrees and PhDs in a wide range of subjects, the unique combination of which led him (so it is said) to devise the Bitcoin system. 2. Thus, Dr Wright presents himself as an extremely clever person. However, in my judgment, he is not nearly as clever as he thinks he is. In both his written evidence and in days of oral evidence under cross-examination, I am entirely satisfied that Dr Wright lied to the Court extensively and repeatedly. Most of his lies related to the documents he had forged which purported to support his claim. All his lies and forged documents were in support of his biggest lie: his claim to be Satoshi Nakamoto. 3. Many of Dr Wright’s lies contained a grain of truth (which is sometimes said to be the mark of an accomplished liar), but there were many which did not and were outright lies. As soon as one lie was exposed, Dr Wright resorted to further lies and evasions. The final destination frequently turned out to be either Dr Wright blaming some other (often unidentified) person for his predicament or what can only be described as technobabble delivered by him in the witness box. Although as a person with expertise in IT security, Dr Wright must have thought his forgeries would provide convincing evidence to support his claim to be Satoshi or some other point of detail and would go undetected, the evidence shows, as I explain below and in the Appendix, that most of his forgeries turned out to be clumsyFollowing his ruling at the end of trial that Craig Wright is not Satoshi Nakamoto and not the author of the Bitcoin White Paper, today, Mr Justice Mellor has handed down his written judgment in the COPA v Wright trial. Across its 1736 paragraphs, the judgment forensically demolishes Wright’s fraudulent claims, finding every aspect of his claimed identity to be a lie. Notably, Mr Justice Mellor finds that: Wright’s evidence was “at best questionable or of very dubious relevance or entirely circumstantial and at worst, fabricated and/or based on documents I am satisfied have been forged on a grand scale by Dr Wright”. Wright was personally responsible for the creation of each of the forgeries that COPA alleged. Wright failed to understand basic aspects of Bitcoin technology. And that Wright, “is not nearly as clever as he thinks he is. In both his written evidence and in days of oral evidence under cross-examination, I am entirely satisfied that Dr Wright lied to the Court extensively and repeatedly….” Justice Mellor concluded: “Dr Wright’s attempts to prove he was/is Satoshi Nakamoto represent a most serious abuse of this Court’s process… It is clear that Dr Wright engaged in the deliberate produ
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United States-based blockchain firm Prometheum has stirred the crypto market with its new move, challenging the current regulatory stance on digital assets. The controversial blockchain company unveiled the long-anticipated Ethereum custody service on May 17. Notably, the company’s decision matched SEC Chair Gary Gensler’s outlook that the existing US ...
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My long-standing skepticism about survey data has reached the point where I feel compelled to comment on the current state of the art. While it is always risky to ignore broad, ...
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Global venture capital investment in crypto companies rose to $2.4 billion in the first three months of 2024, data showed on Monday, in a tentative sign that investor interest is ...
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Iranian President Ebrahim Raisi and his foreign minister died when their helicopter crashed as it was crossing mountain terrain in heavy fog, an Iranian official told Reuters on ...
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Thank you, Mark, for the kind introduction, and good morning to all of you.1 I am happy to be here. Today, I will do three things. First, I'll share with you my current outlook for the US economy. Second, I'll discuss my thinking on the current stance of monetary policy. Third, I'll review the dynamics of housing prices which can feed into the persistence of inflation. My focus on housing price dynamic stems from the role housing plays in the American economy. For most families, a home is their largest-ever purchase and their most valuable asset. Capital markets professionals in real estate finance, like you, are crucial to the smooth operation of the housing sector. Families making housing decisions rely on a healthy and productive housing finance sector. The housing sector is also one of the most interest rate–sensitive sectors of the economy. As such, it's an important channel of monetary policy transmission. Understanding the various channels of monetary transmission is crucial to fulfillment of the dual mandate given to the Federal Reserve by the Congress: maximum employment and stable prices. This mandate guides my thinking about monetary policymaking. With that, I'll turn to my outlook for the US economy. Aggregate Economic Activity The U.S. economy continues to grow at a solid pace. Adjusted for inflation, GDP was reported to have increased at a 1.6 percent annual rate in the first quarter of 2024. That was a moderation from a 3.4 percent expansion in the fourth quarter of last year. However, private domestic final purchases—which excludes inventory investment, government spending, and net exports and usually sends a clearer signal on underlying demand—grew 3.1 percent in the first quarter. That was about as strong as the second half of 2023. post: Fed's Jefferson: Policy Rate is in Restrictive Territory Jefferson: April’s Better Inflation Reading is Encouraging Jefferson: Long-Term Inflation Expectations Show Americans Believe Fed Will Make Good on 2% Inflation Goal
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San Francisco Fed president Mary Daly told Axios on Friday that it's not clear whether inflation is definitively receding and there is no "urgency" to adjust interest rates. Why it matters: Inflation cooled for the first time in 2024 last month, relieving economists that progress might not have stalled out. But one month of data has not convinced Fed officials that price pressures are evaporating in a way that puts near-term interest rates back on the table. What they're saying: "Fortunately, policy is in a very good place. We are in what I call the ready position," Daly told Axios at the University of San Francisco. "We can adjust policy as we need to." • Earlier this month, the Fed acknowledged signs that progress on inflation had stalled. That's raised questions about whether decades-high interest rates might need to be pushed up further to wrestle inflation down. post: FED'S DALY: I AM NOT YET CONFIDENT INFLATION COMING DOWN SUSTAINABLY TO 2%. post: FED'S DALY: I EXPECT IMPROVEMENT IN SHELTER INFLATION, JUST NOT RAPIDLY.
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Bitcoin prices are starting the week in the green with BTC futures lightly bid through early European trading on Monday. The market broke out to fresh highs for the month last week as traders reacted to softer US inflation. However, the market has yet to see proper follow through on the initial move, suggesting some hesitation ahead of a fresh test of ...
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Bitcoin price stalled during the weekend after staging a strong recovery late last week. The BTC/USD pair was trading at 66,700 on Monday, higher than last week’s low of 60,000. Other altcoins like Ethereum, Solana, and Cardano have also rebounded. Bitcoin ETF inflows The BTC/USD pair continued rallying last week week as investors embraced a risk-on ...
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United States-based blockchain firm Prometheum has stirred the crypto market with its new move, challenging the current regulatory stance on digital assets. The controversial blockchain company unveiled the long-anticipated Ethereum custody service on May 17. Notably, the company’s decision matched SEC Chair Gary Gensler’s outlook that the existing US ...