Craig Wright Wins Default Judgment Against Cobra — Bitcoin.org Forced to Remove White Paper

The self-proclaimed inventor of Bitcoin, Craig Wright, has won a default judgment in London’s High Court in his copyright infringement case against the pseudonymous operator of bitcoin.org. According to a report, the website and its owner Cobra must remove the Bitcoin white paper from the web portal and pay $48K in legal costs as well.

Self-Styled ‘Satoshi’ Wins Default Judgement Against Cobra and Bitcoin.org

Craig Wright is back in the headlines again as the self-styled Satoshi Nakamoto has won a default judgment in the U.K. against the pseudonymous Cobra. Bitcoin.com News reported on Wright’s action against bitcoin.org and Cobra at the end of January. Proceedings actually started, however, on February 24 via the Intellectual Property List of the Business and Property Courts of England and Wales.

The court action caused a lot of controversy amongst bitcoiners because Wright still has yet to prove he invented Bitcoin to the greater crypto community. In fact, there is so much evidence contradicting Craig Wright’s story it’s been said he simply “thrives on attention.”

“He’s had four years to come forward with proof that he is Satoshi, and I, for one, am not satisfied,” blockchain and software developer Jameson Lopp said in 2019.

Following the initial filing of the copyright infringement case against bitcoin.org and the website’s operator Cobra, the Crypto Open Patent Alliance (COPA) filed a civil lawsuit in the U.K. against Wright’s claims to the famous white paper.

“Today, COPA initiated a lawsuit asking the UK High Court to declare that Mr. Craig Wright does not have copyright ownership over the Bitcoin white paper,” the working group said at the time. After the COPA court filing, a representative of Craig Wright, chief scientist at Nchain wrote to Bitcoin.com News and said:

This is exactly what we have wanted to happen for some time and I am very pleased this body has agreed to stand up in court as I can now have my credentials judged legally.

On June 28 and also updated the following day, a blog post published by ontier.digital explains that Wright has won a default judgment in London’s High Court against Cobra. The High Court judge of the Chancery Division granted Wright’s request which includes:

• “An injunction prohibiting the Defendant from infringing Dr Wright’s copyright in the United Kingdom whether by making the White Paper available for download from the bitcoin.org website or in any other way.”
• “An order requiring the Defendant to publish a copy of the Court’s order on the bitcoin.org website for 6 months.”

The ontier.digital website announcement details that Cobra preferred to “maintain their anonymity.” On Twitter, bitcoin.org’s pseudonymous operator spoke about the ruling and said that it was the perfect example of why uncensorable and permissionless networks like Bitcoin are needed.

“All your fiat-based assets are ultimately secured by the same legal system that today made it illegal for me to host the Bitcoin white paper because a notorious liar swore before a judge that he’s Satoshi,” Cobra tweeted. “A system where ‘justice’ depends on who’s got the bigger wallet.” The anonymous bitcoiner added:

I don’t think you could get a better advertisement of *why* Bitcoin is necessary than what happened today. Rules enforced through cryptography are far more superior than rules based on whoever can spend hundreds of thousands of dollars in court.

What do you think about Craig Wright winning a default judgment against Cobra and bitcoin.org? Let us know what you think about this subject in the comments section below.

Coinbase Approved to Enter German Cryptocurrency Market

Cryptocurrency exchange Coinbase has obtained approval from Germany’s financial regulator, Bafin, to provide cryptocurrency trading and custody services. Coinbase Germany will launch in the coming weeks.

• Coinbase, a Nasdaq-listed company, announced Monday that it has secured a cryptocurrency license in Germany.
• The company explained: “The German Federal Financial Supervisory Authority (Bafin) has awarded Coinbase Germany GmbH a license for crypto custody and trading, under the new licensing regime introduced in January 2020.”
• According to Coinbase, the Bafin licensing framework is the first of its kind in the European Union and Coinbase Germany is the first company to be awarded such a license.
• The announcement adds:

Coinbase Germany will launch in the coming weeks to serve both new and existing German customers more effectively, including by localising our service and increasing our product offering.

• In preparation for the launch, the company is ramping up its German customer support team.
• Coinbase said that it had been working closely with Bafin for many months prior to obtaining the license.
• Recently, Coinbase also obtained approval to operate in Japan from the country’s top financial regulator, the Financial Services Agency (FSA).

What do you think about Coinbase getting a license to operate in Germany? Let us know in the comments section below.

Standard Chartered, Fidelity, TP ICAP to Launch Cryptocurrency Trading Platform

Fidelity, Standard Chartered Bank, and TP ICAP are collaborating to launch a cryptocurrency trading platform. It will feature a marketplace for spot crypto trading and provide “connectivity and post-trade infrastructure into a network of digital assets custodians.”

• TP ICAP, a leading provider of market infrastructure, announced Tuesday that it is launching a cryptocurrency trading platform in collaboration with Fidelity Digital Assets, Zodia Custody, and Flow Traders.
• The new platform is subject to registration with the U.K. Financial Conduct Authority (FCA).
• It “will feature a wholesale electronic marketplace for spot cryptoasset trading, including bitcoin and ethereum, as well as providing connectivity and post-trade infrastructure into a network of digital assets custodians,” the announcement details.
• TP ICAP launched its digital asset business in 2019, enabling clients to trade crypto derivatives products.
• Simon Forster, co-head of digital assets at TP ICAP, commented:

　Client demand to trade spot cryptoassets is significant and growing, with interest coming from our traditional customer base across the different asset classes we operate in.

• Flow Traders, which has been providing liquidity to crypto markets since 2016, will be one of the initial liquidity providers on this new platform.

• Zodia Custody is a digital asset custodian for institutional investors, established by Standard Chartered Bank to address the need for a digital asset custodian that truly understands custody.
• The announcement notes:

The platform has already started to onboard clients and will launch to the market in the second half of the year.

What do you think about Standard Chartered Bank, Fidelity, and TP ICAP collaborating to launch a crypto trading platform? Let us know in the comments section below.

Crypto 'Undo Button' Creator Kirobo Gives You Control Over Your Money

Have you ever dreaded pressing ‘send’ on a crypto transaction, fearing you might have entered a wrong address by mistake? Kirobo is the innovative company that developed a solution for that, in the form of an ‘undo button’ that helps protect your funds. Learn how you can use the ‘undo button’ right now and never have to worry before making a crypto transfer ever again.

The Groundbreaking Crypto ‘Undo Button’

Kirobo, is a Tel Aviv-based blockchain technology firm with the goal of granting people the freedom to control their crypto. It develops secure and straightforward solutions that provide unprecedented levels of transaction security, making crypto management, custody, and trading a no-brainer.

The company is famous for its crypto transfer ‘undo button’ for bitcoin and ethereum transactions that was recently expanded for UNI, Chainlink, BNB, USDT, Sushi coin, as well as its native utility token KIRO. With its technology transfers can also be password protected to ensure only the intended recipient can get the crypto. Demonstrating the demand for such vital services, Kirobo has already processed more than $500 million in crypto transactions. The firm is also the recipient of two grants from the Israeli Innovation Authority — making it the only blockchain technology company to achieve that honor.

Watch the following video to see how easy it is to use the ‘undo button’ with MetaMask so you can protect your funds:

Further showcasing the pent-up demand for such services in the crypto community, users have flocked to KIRO Staking. By staking the token powering Kirobo’s services users can benefit from lower rates for themselves while helping the liquidity of the entire network. The coin has also about tripled its value over the past month alone.

In another major development for the token, KIRO was recently made available on Binance Smart Chain (BSC). It is available on the decentralized exchange PancakeSwap via ChainPort as a cross chain bridge between KIRO and WKIRO. This means that any token found on PancakeSwap can be swapped for KIRO. See here for detailed instructions.

Kirobo Continues to Innovate Following Strategic Investment

The company is also working on new state-of-the-art services, following a major recent capital injection. In May 2021 it was revealed that DigiMax Global Inc. (CSE:DIGI), a Canadian public company, made a strategic investment in Kirobo, geared towards expediting the release of crypto management, custody and trading products. The $5 million investment will help launch Kirobo’s DeFi security products that are designed to further improve the DeFi ecosystem.

Kirobo also recently added crypto pioneer Brock Pierce to its Advisory Board, where he will provide strategic guidance around the global launch of the company’s portfolio of products. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS, Blockchain Capital, Tether, and Mastercoin. In 2017, Pierce co-founded Block.one, which developed the EOS.IO software and sold over $4 billion USD in tokens in the EOS crowdsale.

The Kirobo executive team meeting with crypto pioneer Scott Stornetta

“It’s important to highlight that the ‘Undo Button’ is only the first feature that Kirobo released and we’re aiming to release a few products as early as the beginning of July and throughout Q3,” explained CEO Asaf Naim. “These products are all unique and quite groundbreaking. Not more of the same. They’re also in-line with our stated goal of granting people the freedom to control their crypto – as simply and securely – as they do with their fiat, plus the obvious advantages of decentralization.”

To learn more about what Kirobo and its services can do to help you control your crypto check out the ‘Undo Button’ and the Staking features right now.

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Legendary Hip-Hop Artist Jay-Z Enters the NFT Sphere — Rapper Lauds Blockchain and Smart Contracts

Widely regarded as one of the most influential hip-hop artists in history, Shawn Carter, professionally known as Jay-Z, has been dipping his toes into the ocean of non-fungible token (NFT) collectibles recently. The American rapper has also partnered with Sotheby’s to auction an NFT called “Heir to the Throne.” Further, Twitter CEO Jack Dorsey and Jay-Z recently discussed adding NFT capabilities to the music streaming service Tidal.

Jay-Z Becomes a Cryptopunk

Jay-Z is a well-known hip-hop artist, songwriter, record executive, businessman, and media proprietor and the mogul is now getting into non-fungible token (NFT) collectibles. Just recently, Jay-Z changed his Twitter profile picture to Cryptopunk #6095 which made people think the legendary rapper had purchased the unique Cryptopunk NFT. Market data shows the Cryptopunk #6095 was sold for 55 ether or $119K using today’s ETH exchange rates.

The Cryptopunk display on Twitter is not Jay-Z’s only foray into NFTs, as the musician is also partnering with Sotheby’s to sell an NFT based on his 25-year-old album “Reasonable Doubt.” Jay-Z commissioned the popular artist Derrick Adams to animate the NFT and the collectible is called “Heir to the Throne.” The Sotheby’s press release notes that the NFT collectible was inspired by Jay-Z and the digital artist’s “life in the urban streets.” The Jay-Z NFT auction hosted by Sotheby’s started on June 25 and ends on July 2.

Jay-Z also discussed NFTs and blockchain technology with Twitter’s CEO Jack Dorsey this week. Both Dorsey and Jay-Z have a significant stake in the music streaming service called Tidal and are considering applying blockchain tech to Tidal’s services. Jay-Z talked about a painting that was sold for a few grand and then resold later for $100K. “With these blockchains and these smart contracts,” Jay-Z stressed that the original artist’s family or the artist himself could have gotten a profit from re-sales because “it’s very transparent.”

Jack Dorsey agreed with Jay-Z’s assessment and talked about how bitcoin has changed the dynamic. “You look at Bitcoin and how it enables people anywhere in the world to contribute and to become artists themselves and also to receive tips or grants or donations without having to go through any third-parties, there’s a lot of power in that,” Dorsey remarked.

The Twitter CEO believes that the spirit of non-fungible token (NFT) collectibles is similar. “A lot of our focus going forward is to make sure that we’re just looking deeply at entirely new ways to give artists the right tools to help them and to build,” Dorsey added.

Jay-Z’s NFT exhibition premiered at Sotheby’s New York, but people can also view the artwork via the metaverse Decentraland. The hip-hop artist noted that a portion of the proceeds from the auction will go to the Shawn Carter Foundation. The Foundation is a charitable effort that helps people afford secondary schooling and gives money to low-income neighborhoods.

What do you think about rapper Jay-Z dipping his toes in the blockchain and NFT industry? Let us know what you think about this subject in the comments section below.