{"id":14248,"date":"2019-08-05T20:53:35","date_gmt":"2019-08-05T20:53:35","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=14248"},"modified":"2019-08-05T20:53:35","modified_gmt":"2019-08-05T20:53:35","slug":"news-quadrigacx-claims-process-starts-bitfinex-tether-letters-ledgerx-doesnt-launch-futures-bittorrent-token-is-useless-craig-wright-loses-defamation-action-bitcoin-sv-three-way-split","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2019\/08\/05\/news-quadrigacx-claims-process-starts-bitfinex-tether-letters-ledgerx-doesnt-launch-futures-bittorrent-token-is-useless-craig-wright-loses-defamation-action-bitcoin-sv-three-way-split\/","title":{"rendered":"News: QuadrigaCX claims process starts, Bitfinex\/Tether letters, LedgerX doesn&#8217;t launch futures, BitTorrent Token is useless, Craig Wright loses defamation action, Bitcoin SV three-way split"},"content":{"rendered":"<p>The QuadrigaCX saga shudders on \u2014 the court has <a href=\"https:\/\/www.cbc.ca\/news\/canada\/nova-scotia\/quadriga-collapse-lawyers-accountants-fees-approved-1.5231677\">approved a CDN$1.1 million payment<\/a> in fees for the accountants and lawyers, saying that Ernst &amp; Young &#8220;has been diligent&#8221; in dredging through this mess. <a href=\"https:\/\/documentcentre.eycan.com\/eycm_library\/Quadriga%20Fintech%20Solutions%20Corp\/English\/CCAA\/2.%20Court%20Orders\/Order%20(RE%20Approval%20of%20Fees%20and%20Activities).pdf\">Here&#8217;s the order.<\/a><\/p>\n<p>The process to claim your losses from the collapse of QuadrigaCX has officially started. Creditors have until 31 August to get their claims in. Here&#8217;s the official <a href=\"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2019\/06\/Instruction-Letter.pdf\">Instruction Letter.<\/a><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm <a href=\"https:\/\/t.co\/vmzvbd6yat\">pic.twitter.com\/vmzvbd6yat<\/a><\/p>\n<p>&mdash; Kait Tremblay (@kait_zilla) <a href=\"https:\/\/twitter.com\/kait_zilla\/status\/1156235460315897857?ref_src=twsrc%5Etfw\">July 30, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>iFinex (Bitfinex\/Tether) have <a href=\"https:\/\/iapps.courts.state.ny.us\/nyscef\/ViewDocument?docIndex=JsmZpMRO41tbNAKRAXff9A==\">written to the judge<\/a> about how difficult and expensive submitting the documents requested by the NY Attorney General would be, intimating they&#8217;re ready to appeal his decision if he doesn&#8217;t throw out the NY AG&#8217;s action. The NY AG <a href=\"http:\/\/iapps.courts.state.ny.us\/nyscef\/ViewDocument?docIndex=jX7xs2WMHur2ri2XrtVM6w==\">points out<\/a> that the documents requested from iFinex should be &#8220;at its fingertips.&#8221;<\/p>\n<p>Roger Ver is launching a <a href=\"https:\/\/decrypt.co\/8174\/bitcoin-com-is-launching-a-bitcoin-cash-focused-crypto-exchange\">new crypto exchange focusing on Bitcoin Cash<\/a> \u2014 a Tether-based exchange, of course, with no actual money in sight.<\/p>\n<p>North Korea finds a use case for Bitcoin! \u2014 <a href=\"https:\/\/www.reuters.com\/article\/us-northkorea-cyber-un-idUSKCN1UV1ZX\">hacking banks and crypto exchanges<\/a> for $2 billion.<\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\"><a href=\"https:\/\/t.co\/fmIRlZJOhY\">pic.twitter.com\/fmIRlZJOhY<\/a><\/p>\n<p>&mdash; Bodega Cats (@Bodegacats_) <a href=\"https:\/\/twitter.com\/Bodegacats_\/status\/1158159623343476736?ref_src=twsrc%5Etfw\">August 4, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>LedgerX <a href=\"https:\/\/www.theblockcrypto.com\/tiny\/ledgerx-launches-physically-delivered-bitcoin-options-and-custody\/\">announced<\/a> that its physical bitcoin futures had launched! It turns out that LedgerX jumped the gun \u2014 the CFTC <a href=\"https:\/\/www.coindesk.com\/what-happened-why-the-first-us-physical-bitcoin-futures-contracts-havent-launched\">did not approve<\/a> the futures (they <a href=\"https:\/\/www.cftc.gov\/PressRoom\/PressReleases\/7945-19\">approved swaps<\/a> but not futures), they told CEO Paul Chou to delete his <a href=\"https:\/\/www.theblockcrypto.com\/2019\/08\/01\/actually-ledgerx-might-not-have-launched-physically-settled-bitcoin-futures-contracts-after-all\/\">announcement tweet<\/a>, the CEO <a href=\"https:\/\/archive.is\/0S1bt\">threatened to sue<\/a> the CFTC for &#8220;anti competitive behavior, breach of duty, going against the regs, etc.,&#8221; and the press officer <a href=\"https:\/\/twitter.com\/GormoExJourno\/status\/1157009750372093963\">quit the company.<\/a> &#8220;Basically, it\u2019s just a total technicality that a swap and a future are different things,&#8221; Chou told CoinDesk.<\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/davidgerard?ref_src=twsrc%5Etfw\">@davidgerard<\/a> Saw this abomination in my local Costcutter&#8230; <a href=\"https:\/\/t.co\/P7XleXm3oC\">pic.twitter.com\/P7XleXm3oC<\/a><\/p>\n<p>&mdash; Stevie Benton (@StevieBenton) <a href=\"https:\/\/twitter.com\/StevieBenton\/status\/1155911086924816388?ref_src=twsrc%5Etfw\">July 29, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>Tron bought BitTorrent, Inc, and started a BitTorrent Token (BTT) to reward uTorrent users who seed files! Sadly, the BTT is <a href=\"https:\/\/decrypt.co\/8128\/the-bittorrent-tokens-flagging-price-is-making-it-unusable\">near worthless, and not worth trying to earn.<\/a> The BitTorrent protocol itself remains unaffected. &#8220;Over the past three days I have earned 12 BTT ($0.009). I spent more on electricity than I earned BTT.&#8221;<\/p>\n<p>KODAKOne (of KODAKCoin fame) <a href=\"http:\/\/www.digitaljournal.com\/pr\/4401288\">claims<\/a> it&#8217;s generating actual <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2019\/01\/11\/kodakone-claims-one-million-dollars-of-hypothetical-licensing-income\/\">non-imaginary<\/a> revenue now \u2014 for &#8220;more than 22 customers,&#8221; which presumably means 23. No mention of KODAKCoin therein.<\/p>\n<p>Universities still think students would make good suckers for crypto and blockchain nonsense. Here&#8217;s <a href=\"https:\/\/online-programs.mit.edu\/presentations\/lp\/mit-beyond-smart-cities-online-short-course\/?utm_source=facebook&amp;utm_medium=paid_social&amp;utm_campaign=fb%7Cnf%7Cmit-bsc%7Cpst%7Cus-t1%7Cocpm&amp;utm_campaignid=23843322124730752&amp;utm_adset=f6350aaa%7Cfb%7Cnf%7Cmit-bsc%7Cpst%7Cus-t1%7Cmbldktp%7Cmf%7C30-64%7Clal%7Ccompletes%7C123%7Cocpm&amp;utm_adsetid=23843322303880752&amp;utm_content=Copy1%7C2%7CImage1%7C1A%7C2%7C2A%7C3%7C3A%7CDC%7C&amp;utm_contentid=23843322303870752\">MIT Media Lab<\/a> trying it on. Curtin University in Western Australia is just desperate enough for cash to <a href=\"https:\/\/research.curtin.edu.au\/story\/curtins-new-cryptocurrency-scholarship-fund-a-boost-for-phd-students\/\">accept cryptos to fund Ph. Ds.<\/a><\/p>\n<p>Craig Wright has been suing people who called him a &#8220;fraud.&#8221; Unfortunately, a UK court just <a href=\"https:\/\/www.bailii.org\/ew\/cases\/EWHC\/QB\/2019\/2094.html\">threw out his suit against Roger Ver<\/a> \u2014 mostly for lack of jurisdiction, but also because &#8220;there is no evidence at all of any actual reputational harm that the Claimant has suffered.&#8221; Wright also had to pay Ver \u00a360,000 in legal costs. Ver has kindly offered to accept a court proceeding on the matter in the US \u2014 per paragraph 54 of the decision \u2014 where Wright would have a considerably greater burden of proof to win a defamation suit.<\/p>\n<p>Bitcoin SV mined a 210 megabyte block on Saturday, and promptly <a href=\"https:\/\/www.trustnodes.com\/2019\/08\/04\/bsv-chain-splits-into-three\">split into three separate chains.<\/a> This is actually <em>good<\/em> news for Bitcoin SV 1, Bitcoin SV 2 and Bitcoin SV 3. The new huge block size \u2014 increased on 24 July from 128 megabytes to 2 gigabytes \u2014 is shaking off the small-timers, with Ryan X. Charles&#8217; Money Button <a href=\"https:\/\/blog.moneybutton.com\/2019\/07\/29\/towards-scalable-wallet-infrastructure\/\">no longer able to run a node.<\/a> Bitcoin SV: a data-centre-to-data-centre electronic cash system.<\/p>\n<p>David S.H. Rosenthal: &#8220;I was asked to deliver <a href=\"https:\/\/blog.dshr.org\/2019\/07\/blockchain-briefing-for-dod.html\">Blockchain: What&#8217;s Not To Like? version 3.0<\/a> to a Department of Defense conference-call.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Pints with <a href=\"https:\/\/twitter.com\/jvanderlaan?ref_src=twsrc%5Etfw\">@jvanderlaan<\/a> always fun to rant with a regulator about crypto over beers, muwahaha <a href=\"https:\/\/t.co\/Lo8pjcSi03\">pic.twitter.com\/Lo8pjcSi03<\/a><\/p>\n<p>&mdash; David Gerard \ud83d\udc0d\ud83d\udc51 (@davidgerard) <a href=\"https:\/\/twitter.com\/davidgerard\/status\/1157355878552653824?ref_src=twsrc%5Etfw\">August 2, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>https:\/\/twitter.com\/karbonbased\/status\/1158076811743571968<\/p>\n<p>&nbsp;<\/p>\n<p>https:\/\/twitter.com\/karbonbased\/status\/1157033990165082112<\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The ultimate techbro fantasy is explaining Bitcoin to two women at the same time.<\/p>\n<p>A mansplain \u00e0 trois.<\/p>\n<p>&mdash; Dmitry Grozoubinski (@DmitryOpines) <a href=\"https:\/\/twitter.com\/DmitryOpines\/status\/1156082764069986304?ref_src=twsrc%5Etfw\">July 30, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Is it just me, or has it been a quiet week in crypto?<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[42,1146,38,746,1396,167,146,1397,754,372,1348,6,1245,594,858,938,234,39,744],"class_list":["post-14248","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-bitcoin-cash","tag-bitcoin-sv","tag-bitfinex","tag-bittorrent","tag-btt","tag-cftc","tag-craig-wright","tag-curtin-university","tag-ey","tag-kodakone","tag-ledgerx","tag-links","tag-mit-media-lab","tag-new-york","tag-north-korea","tag-quadrigacx","tag-roger-ver","tag-tether","tag-tron"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/14248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=14248"}],"version-history":[{"count":20,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/14248\/revisions"}],"predecessor-version":[{"id":14286,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/14248\/revisions\/14286"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=14248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=14248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=14248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}