Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Why today’s weekly close is crucial to avoid $8,000s Not so long ago, the crypto community was abuzz with the expectation that Bitcoin was about to surge into five figures — dreaming dreams of a parabolic bull run. How things change. Right now, BTC is in a battle to stay in the $9,000s, and all …

It’s been a good week for Bitcoin. The halving doesn’t seem to have done the top cryptocurrency any harm at all, with the dollar value up more than 8 percent over the previous week. Ethereum is up more than 10 percent which just shows that the opportunity for blockchain-based solutions are still red-hot. If you’re taking that opportunity to issue tokens or digitized assets and seeking legal counsel with respect to securities and regulation then you should speak to Josh Lawler at law firm Zuber Lawler. They sponsor the Bad Crypto podcast and they’re specialists in developing technology, including the …

Ira Kleiman’s legal team claims Dr Craig Wright already has the ability to open the encrypted file believed to contain the private keys to more than 820,000 Bitcoin. The Kleiman estate is suing Wright over the Bitcoin he allegedly mined in a partnership with the late Dave Kleiman. Wright says there was no partnership. According to court documents filed May 21, Kleiman alleges Wright “has the ability to open the encrypted file, but won’t because it will contain evidence of the partnership and its Bitcoin holdings.” Kleiman submitted that $1.6 million in Bitcoin (BTC) had been spent from addresses supplied …

Editor’s note: This story was updated on May 21 to include Craig Wright’s response. Bitcoin SV’s billionaire benefactor Calvin Ayre was the first to reveal Satoshi claimant Craig Wright denied moving 50 BTC from a long-dormant address thought by some to belong to the Bitcoin founder. On Wednesday, an unknown party moved 50 Bitcoin (BTC) ⁠— roughly $486,000 worth — from an address containing coins mined barely one month after the launch of the Bitcoin mainnet in 2009. But in a Twitter response to Blockstream’s Adam Back, Ayre said it had nothing to do with Wright. The Satoshi claimant later …

On May 20, reports indicated that Satoshi Nakamoto may have reactivated himself in order to move 50 Bitcoins (BTC) first mined back in February 2009. Upon further research, it was discovered that these were not just any Bitcoin. They are Bitcoin that Dr. Craig Wright himself has laid claim to. Transactions in question The transaction in question transferred 50 BTC to two addresses with a 40/10 split (this split is reminiscent of the famous first ever Bitcoin transfer, which sent 10 BTC from Satoshi to computer scientist, Hal Finney). The coins in today’s transaction were originally mined on February 9 …

Cryptographer and inventor of Hashcash, Adam Back, does not think recent transactions from the 11-year-old wallet involve pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto. "People need to chill," Back said in a May 20 tweet. "If Satoshi was selling coins, surely he would sell his most recently mined, and so most anonymous first." Bitcoin moved from a old wallet On the morning of May 20, the crypto market caught wind of Bitcoin transactions sent from one of the oldest known Bitcoin wallets. A wallet from 2009, just several weeks following Bitcoin's launch, received a mining reward of 50 BTC. Those Bitcoin …

Someone, whose identity cannot be unraveled, has sent 50 Bitcoin that was mined back in February 2009 to two different wallets. Considering that the first block of Bitcoin (BTC) was mined in January of the same year, it narrows down the individual to either Satoshi Nakamoto himself or a few other miners who were present at the time. 50 BTC mined in February 2009 moves. Source: Blockchair It is highly unlikely that Satoshi himself moved the 50 BTC for various reasons. The most obvious evidence that disproves it is Satoshi is the Patoshi pattern. Early blocks that the creator of …

Some of the earliest mined Bitcoin just moved for the first time in 11 years. A Bitcoin (BTC) address containing coins mined in February 2009 — barely one month after the launch of the Bitcoin mainnet — just swept its entire holdings to two different Bitcoin wallets. Source: Blockchair.com Of these, 40 are laying inactive on what appears to be a change address. The remaining 10 BTC have been sent to a multisig address, as evidenced by its starting number. The chain of transactions becomes more difficult to track from here, since the BTC were split into numerous pieces across …

The crypto news headlines at the start of May with regard to Kleiman v. Wright were mostly variations on the theme of Craig Wright’s Satoshi case going to trial. The two parties appear well entrenched in their positions, and lawyers for both sides have said they expect the trial to begin as scheduled on July 6, 2020, in Florida. Does this mean there will be no settlement? “This is not like an ordinary commercial dispute where the parties can agree they’ve got a 50-50 chance of winning on an ambiguous contract provision, so they just split the difference,” Jason Gottlieb, …

How does Bitcoin’s block halving work on an engineering level? We explain with help from Andreas Antonopoulos. In a recent video, Antonopoulos explained the Bitcoin Core code that controls the halving of the Bitcoin (BTC) block reward in detail. Bitcoin halving code. Source: Bitcoin Core Software. Line by line explanation Every time a Bitcoin block is evaluated or a new block is mined, the function GetBlockSubsidy gets called. Its purpose is to calculate the appropriate size of the block reward. Line 1240 evaluates the halving cycle and divides the current block height by 210,000; the interval between the halving. At …

The man who claims to have written the Bitcoin whitepaper has been accused of committing plagiarism again, this time in his doctoral thesis. PaintedFrog, the pseudonymous writer who previously accused Dr. Craig Wright of plagiarizing his 2008 law degree dissertation for Northumbria University, has posted his analysis of Wright’s 2017 PhD thesis from Charles Sturt University (CSU). The blogger posted purported screenshots of Wright’s thesis, “The Quantification of Information Systems Risk: A Look at Quantitative Responses to Information Security Issues,” alongside several other publicly available sources. Cointelegraph contacted Dr. Wright prior to publication of this story, and will update the …

Lawyers representing both sides confirmed to Cointelegraph that they expect the trial to convene on July 6. The case that has been captivating the crypto community for several years now may finally receive a resolution. On May 1, Judge Bloom, who presides over the case, issued a court order for the trial to begin on July 6. More importantly, the lawyers representing both sides confirmed that they are not planning to file any motions that could delay the trial and are eagerly looking to the opportunity to prove their case in court. The war of words between legal teams Dr. …