Fake Satoshi Accused of Stealing $10bn in BTC From Deceased Partner

Early Bitcoin developer and the unproven mastermind behind blockchain technology itself, Craig S Wright, has been accused of stealing between 550,000 and 1,100,000 Bitcoin from his deceased former partner Dave Kleiman. The lawsuit brought by Dave’s estate also alleges that Craig was responsible for appropriating various intellectual property that was owned by W&K Info Defense Research LLC – a company the pair founded.

Alleged Scheme Far From Airtight

The court notes, dated February 14, 2018,  state that Craig and Dave had mined a “vast wealth of bitcoins from 2009 through 2013.” However, Dave’s family were completely unaware of his involvement in the founding of the cryptocurrency at the time.

Following Dave’s death in 2013, Craig is reported to have contacted Ira Kleiman (Dave’s brother) and informed him that the two had been instrumental in creating Bitcoin and that they had mined a substantial number together. He then claimed that Dave had previously signed over all his property to Craig in exchange for a share of an Australian company that he claimed was worth “millions.” This company quickly went bankrupt and left Dave’s estate with nothing.

After later finding various discrepancies in Craig’s story, Ira is seeking to sue Craig over Dave’s missing Bitcoin, along with his share of various intellectual property that Craig has since profited from. The case has been filed by Boies Schiller Flexner LLP.

Craig is accused of replicating Dave’s signature on documents that authorise the transfer of Dave’s assets to Craig. According to the allegations, these documents were created at a later time and backdated to tie in with the story that Dave had indeed signed over the property. The documents in question are: a 2011 contract titled “Intellectual Property License Funding Agreement”, 2012 contract titled “Deed of Loan”, and a 2013 contract titled “Contract for the Sale of Shares of a Company Owning Business”.

However, the court notes report various red flags amongst the documents. The signature used on the contracts bears little to no resemblance to that used by Dave. The document states it is almost identical to a computer generated font called “Otto“. In addition, a “typo” on one of the contracts states the date being 2013. This was crossed out and changed to 2011. Dave was in hospital for most of 2013 and died of MRSA that April. The court notes speculate that the document was created in 2013 rather than 2011.

Adding further suspicion, the clauses in the contract are highly favourable to Craig. Most notable of these was the fact that the transfer was to remain entirely confidential. What’s more, the court notes state that none of the contracts were witnessed or notarised. This is downright bizarre considering the sums of money involved in the transfers, even at 2013 Bitcoin prices.  Finally, it is acknowledged that Craig has a history of backdating documents. Wired report that he created documents to support his original claim that he is the creator of Bitcoin – Satoshi Nakamoto.

Boies Schiller Flexner LLP are yet to explicitly confirm the authenticity of the court notes referenced. However, the case does appear in documents filed with the District Court, S.D. Florida. Craig S. Wright is yet to comment via Twitter or otherwise about the case against him. For now, there is no mention of a date that the case will be heard.



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11-year old Andrew Courey, son of Matrix Capital Management founder Jeff Courey, is surprisingly the author of a self-published guide about Bitcoin. “Early Bird Gets The Bitcoin: The Ultimate Guide To Everything About Bitcoin” has been available on the Amazon Kindle since January.


It all started last year when Andrew Courey was planning to earn $20 million by the age of 14, so he could drop out of school. He then looked for investment opportunities, including bitcoin and all the overnight fortunes made through investing and mining the cryptocurrency.


Andrew wasn’t yet convinced of bitcoin as a source of “passive income”, even after the price surged exponentially late last year, where he bought .00222 bitcoin just before Christmas. To completely figure out if it was a good investment, it would require dozens of hours of reading. And that’s what he did. But the idea for the book came from his dad, suggesting that he should make the best out of the time invested in the subject.  Writing and selling a book that simplifies all those complex concepts around bitcoin and blockchain would be a clever way of putting his research to good use.


Andrew spent three months to research, write and, with the help of his parents, edit the 57-page book that includes chapters on bitcoin, bitcoin wallets, the cryptocurrency Ethereum and initial coin offerings.


“Anyone can learn about cryptocurrencies if they’re willing to spend 70 to 80 hours researching every source until they find a couple sources that make sense. The whole book, in the simplest terms, is very easy to read and simple to understand”, Andrew Courey told CNBC.


“Over the holiday period, he locked himself in his room and just cranked”, his dad added.


Written in a simple and accessible way, Andrew’s book finds real-world analogies to bitcoin and blockchain, such as comparing the distributed ledger technology blockchain to a Google Docs file “shared with everyone that can only be edited by buying or selling bitcoin.”


Another example is how he describes a bitcoin wallet by explaining that there’s a public key available to anyone and a private key that only the owner can access: “Imagine there is a mailbox — the mailman can drive the mail to any mailbox, but only the person with the key can access the mail.”


Maybe because of curiosities such as the current power consumption required for mining being “estimated to be more than that of 159 countries”, Andrew revealed he’s more willing to invest in Amazon shares rather than bitcoin. Anyway, his grandiose plan to reach $20 million in equity may include a startup of his own: a mobile app for math flashcards. Andrew has it all figured out. He aims to scale it to $2 million in earnings so he can sell it for 10 times profit and get to drop out of school. Andrew didn’t say if the mobile app will be based on blockchain technology.

The EU has warned that it will regulate cryptocurrencies if the risks that accompany the rise of Bitcoin and its rivals are not addressed at the global level first. More discussions will be held at the G20 summit in March, but actual policy is unlikely to materialize until late this year or early 2019.

“We do not exclude the possibility to move ahead [by regulating cryptocurrencies] at the EU level if we see, for example, risks emerging but no clear international response emerging,” said EU financial chief Valdis Dombrovskis, speaking after hosting a roundtable discussion in Brussels attended by the European Central Bank, industry agencies, and the Financial Stability Board — which writes and coordinates regulation for G20.

“This is a global phenomenon and it’s important there is an international follow-up at the global level,” Dombrovskis added.


G20 finance ministers and central bankers will meet in Buenos Aires, Argentina, in March —  and cryptocurrencies are set to be on the agenda. That said, the EU is taking things slowly at the moment and will decide how to address the issue later this year or early in 2019.

Regulation of cryptocurrencies could see them being brought in line with financial legislation designed to combat money laundering and counter-terrorism — issues that governments across the globe like to tie to cryptocurrencies. Although it’s worth pointing out that reports out of Japan last week determined that less than 1% of the nation’s money laundering cases are crypto-related. Other regulation could attempt to force traders to disclose more about their identities, in turn making it harder to use to use Bitcoin or other cryptocurrencies for illegal activities.

Markus Ferber, a center-right member of the European Parliament, reiterated the points by Dombrovskis, saying a quick EU regulatory response was needed, rather than waiting years for international rules to trickle through: “In order to make sure that retail investors do not fall prey to market manipulation and fraud, virtual currencies should be regulated as other financial instruments,” Ferber said in a statement.

A member of the ECB’s executive board, Yves Mersch, recently called for a global clampdown on cryptocurrencies, saying the central bank was aligned with the views voiced by Agustín Carstens, the head of the Bank for International Settlements. Carstens condemned Bitcoin as “a combination of a bubble, a Ponzi scheme and an environmental disaster.”

Moving Forward

Looking at specific nations, Germany and France said earlier this month that while new opportunities arise from cryptocurrencies (like blockchain technologies), they could also pose substantial risks for investors and be vulnerable to financial crime without the proper safeguards in place.

Policymakers worry about losing jobs and growth to other regions if they crack down hard on innovation in the sector, especially stemming from the blockchain technology that underpins crypto-currencies, which Dombrovskis maintains holds strong promise.

“We see a lot of speculation, that is why I asked the ESAs to update the warnings,” Dombrovskis said. The former Latvian prime minister was particularly concerned about the lack of transparency of issuers. “That is why it is important to have more in-depth discussions,” he added.

The owners of the offshore structure, who bought shares of TMT Investment, which were released on the IPO, were former subordinates of the ex-head of RBC or his close relatives.

Former founder of the information holding RBC German Kaplun organized the release of TMT Investments to IPO through his affiliated partner structures. It was they who transferred money to buy shares, thereby misleading independent market participants. In the West this is a criminal case.

This was done in order to create the illusion of the capitalization of TMT Investments. It is clear that no one will give money under the “zero” fund.It’s another matter if you accomplish a fictitious IPO, where you can sell all the shares for $ 20 million to yourself. Thus, an artificial capitalization company is obtained. After that, you can already go to investors and offer to buy shares of the fund worth $ 20 million. And, of course not only $ 20 million, even more!

Such sensational conclusions can be made, having studied the documents, which have appeared at the disposal of the editorial office. As it turned out, the owners of the offshore structure that bought shares of the TMT Investment Company in 2010, left on the IPO, were former subordinates and partners of German Kaplan or close relatives.

Mavrodin ever even dreamed of (?!)

TMT Investments was established in September 2010 and already in December of the same year held an IPO on the Alternative Investments Market (AIM) London Stock Exchange (LSE) – the alternative investment market of the London Stock Exchange, where it attracted $ 20 million, although the company did not own any assets.

The Alternative Investment Market (AIM) was organized under the LSE (London Stock Exchange) in 1995 specifically to facilitate access to finance young, developing companies. That is why AIM investors often look not so much at the history and financial performance of the company as on its potential prospects and development.

As known, the founders of TMT Investments had no impeccable record. According to market participants,Kaplun and Morgulchik received the starting capital to create in 2010 TMT Investments, by taking a credit of $ 46 million from the owner of the company “Onexim” Mikhail Prokhorov even during their stay in RBC.Kaplun and Co. did not return this loan. The Russian media wrote that instead of sending money to lead the holding out of the financial crisis, the leaders of RBC transferred them as a loan to the offshore structure PRALBERTO LIMITED, which belonged to Kaplun and Morgulchik.

PRALBERTO LIMITED never returned the money to RBC. As it appears, with these funds they began to spin up the IPO of the venture fund of TMT Investments.

With these negative circumstances in mind, we can assume that the decision to admit TMT Investments to the IPO on the London Stock Exchange was influenced by a spectacular PR company, arranged by Kaplun for independent investors.

With a detailed examination of the results of such a successful placement of shares, at first glance, it reveals curious, and with no doubt, criminal details.

During the IPO on the AIM LSE shares, TMT Investments were sold to six offshore companies, of which, according to Kaplun and Inyutin, they owned only one offshore, MacMillan Trading. However, according to the available documents, in fact, all offshore companies that took part in the TMT Investments IPO were affiliated with the former owners of RBC.

In particular, 20 percent of TMT Investment received the offshore MacMillan Trading, owned by Kaplun and Morgulchik.

The offshore Menostar Holdings, owned by Dmitry Kirpichenko, a former employee of RBC, who led the brokerage company Maxwell Capital, through which the holding company RBC allegedly lost all of its money during the crisis, acquired 15 per cent. Later, the Central Bank took away the license from this company.

The offshore Ubenord Investments, whose director Alexander Chernyavsky, designated his status on his page on Linkedin as an employee of Maxwell Capital, held 9 per cent of shares of TMT Investments.

The company “Gipropros”, whose CEO is the former head of “RBC Advertising” Jan Dembitsky, had 3 per cent. Chairman of the board of directors of Gipropros Alexei Bednyakov and board member Ilya Ivanov previously worked for Maxwell Capital. At the same time, 97 per cent of Giprospro’s shares are owned by McProperties, whose 67 per cent of shares are owned by Natalia Rudenko, mother-in-law of one of the founders of RBC Dmitry Belik, and Tamara Zhdanova, mother-in-law of Herman Kaplun himself.

Fifty per cent of TMT Investments shares were equally divided between the offshores Caninton Trading and Wissey Trade & Invest. According to our sources, owner of Caninton Trading – Alexander MoiseevichMorgulchik (99%), owner of Wissey Trade & Invest – 51% of MENOSTAR HOLDINGS LIMITED (owned by Dmitry Kirpichenko), 49% MACMILLAN TRADING COMPANY LIMITED – BVI, owned by Kaplun and Morgulchik.

Non-disclosure affiliations of its original shareholders are in violation of the rules for bidding (Rule 26 AIM LSE). Essentially, the results of the $ 20 million that brought Kaplun and his team to the IPO can be challenged, and these funds are returned to investors through the court.

As for trading in company shares between affiliated entities without disclosing the connection between them, it is a criminal offense in the UK.

As the analysis of the TMT Investments registers shows, in order to create the illusion of independent trading, the shares of the company methodically moved between the six companies that bought 100% at IPO during the next five years.Kapluns offshores engaged in fictitious trading of shares among themselves, dispersed their price, and seeing growing quotes, real external investors began to enter the fund. Since there is no point scrolling your own money through your own company, by definition, Herman Kaplun and his partners began selling shares outside the stock exchange to their acquaintances in Russia. The amounts of transactions were from one to five million dollars. Thus, there are people who are confident that they own a share in a reliable and prosperous company, the value of which is constantly growing, and thanks to regular public auctions, it has tripled in the last years.

In fact, already in present time almost all the money can be withdrawn from TMT Investments. Both, their own and of third-party investors, through so-called venture investments in affiliated companies. Thus, alas, having justified the famous sad saying thatoranges do not grow on aspens.

Kaplun established one of such venture capital investments;Morgulchik and Inyutin, the gigantic “factory of projects” named “101 Startup”, which gave rise from 40 to 50 daughters. Among them, companies like AdinchInc and AnewsInc, in which TMT Investments also invests, overestimating their cost in reporting, which seems to have become the corporate style of Kaplun and Co.

For example, according to 101 Startup reports, all of the company’s projects, including AdinchInc and AnewsInc, cost in total $ 3 million. And in TMT reporting, only these two projects cost in total already $ 12 million!

By the way, overstating the size of assets per share is also a criminal offense in the UK.

Already in 2015, due to alleged losses from investing by TMT Investments owners in their own business, the company remained from the earned on the London IPO $ 20 million, only … one. As an example of the impaired losses, one can mention the acquisition of Appsindep in 2013 for $ 1.8 million, owned by Joseph Pintus, a cousin of German Kaplun. The company did not have employees; its assets were only $ 100 thousand, net wealth – 16 thousand dollars of loss. That means this company did not cost the nearly two million dollars paid for its acquisition by Kaplun!

As expected, in 2015, TMT Investments’ balance sheet was written off $ 1.4 million of Appsindep’s funds, due to “business challenges”.

History repeats twice – the second time in the form of a farce

Since the company TMT Investments, apparently, is really on the verge of bankruptcy, which can happen at any time, the team of German Kaplun, is attended to the creation of a dispersal field. As the media reported, not long ago, the founders of the holding RBC German Kaplun and ArtemInyutin agreed with American businessman Julian Segelman and other investors on the launch of the crypto fund TMT Crypto Fund for investment in blockchain and new media. Herman Kaplun and ArtemInyutin told journalists that their own venture fund TMT Investments through the creation of the TMT Crypto Fund will attract funds from private investors and partners, intending to raise up to $ 60 million, of which $ 15 million will be a crypto currency through the ICO and $ 45 million – traditional phiatic currency.

Everything goes to the fact that the next winding up of the company’s value will take place in order to attract foreign investors into it and to appropriate their money through “unsuccessful” venture investments, as it was with TMT Investments.

Again:oranges do not grow on aspens. The team of Herman Kaplun, it seems, intends to once again replicate offshore manipulation by placing ICO of its crypto fund on the same alternative investment market of the London Stock Exchange.

It is not difficult to guess that the ICO “TMT Crypto Fund”, conceived by Kaplun, seems to be the same as well as the criminally punishable IPO of TMT Investments.

However, this time there is a high probability that independent market participants will be concerned with the study of the history of the Kaplun Business, and London’s Themis will do what should have been done five years ago –that “enterprising” businessmenare held criminally responsible.

Anatoly Golovachev.

Movement of TMT Investments shares

In a move that could potentially legitimize cryptocurrencies even further Goldman Sachs backed payments company Circle has acquired US crypto exchange Poloniex. The acquisition aims to extend the firm’s commitment to a new vision for global finance and cement its position as one of the leading companies in the blockchain industry.

According to Reuters the Boston based company already operates its app-based peer-to-peer payment network using blockchain. It has been one of the most well-funded blockchain startups, and its investors include Goldman Sachs Group and Chinese search giant Baidu Inc.

Circle to Expand into a Crypto Future

In a company blog post today Circle founders Sean Neville and Jeremy Allaire stated; “We’re proud to announce that Circle has extended its commitment to a new vision for global finance by acquiring Poloniex, a leading token exchange platform,” 

The Circle Trade desk already handles over $2 billion a month in cryptocurrency transactions with a minimum deal size of $250,000 according to Fortune. Their clients include early investors who have seen huge gains in their digital assets, crypto mining operations, and crypto based business ventures, such as other exchanges, hedge funds, and ICO projects.

The company has a raft of other products including Circle Pay app which enables easy payments via text messages, and a soon to be launched Circle Invest app facilitating small and steady crypto investments. Interoperable digital wallets are also available with the Centre Protocol so there is no shortage of viable products to marry up with an established crypto exchange.

The company blog post went on to state:

“We’ve been privileged to get to know and collaborate with the Poloniex founders and their teams over the past several months as we contemplated this union and completed extensive due diligence together, and we learned that we share a similar perspective on the future as well as the same sharp sense of urgency about immediate needs and challenges.”

Circle’s first mission will be to address customer support and scale risk, compliance, and technical operations to bolster the existing product and platform the blog said. Secondly it will look towards;

“scaling Poloniex up and out through market expansion and localization, increasing token listings where possible and appropriate, and exploring the fiat USD, EUR, and GBP connectivity that Circle already brings to its compliant Pay, Trade, and Invest products.”

According to Coinmarketcap Poloniex is the 14th largest crypto exchange in the world with a daily trade volume of $142 million at the time of writing. The acquisition will put Circle in direct competition with Coinbase which has essentially monopolized on crypto in the US over the past year.

The difference between what is real and virtual is constantly decreasing in our modern world. Virtual Reality (VR) is gradually making inroads into our daily lives. It is human nature to want to experience something before making a big purchase and as such VR offers an unprecedented opportunity for retailers. VR parks are already being opened in big retail centres like shopping malls around the world, this includes locations like Dubai, Tokyo etc. However, the day is not far when we can also experience a ‘real’ retail experience in a VR world.

MARK.SPACE is transposing the shopping mall to the VR instead. The Singapore based company with Russian origins is making available a designer construction kit that allows businesses to offer a VR experience of their own to their customers. The impressive project has already formed tie ups with companies such as Jaguar Rover, GAS Jeans, Baldinini and many others. The VR experience benefits from blockchain technology that offers the additional benefit of bridging the VR based economy with the tangible economy of the ‘real’ world.

VR transposes itself to Reality

MARK.SPACE is an enabler of 3D and VR compatible web-spaces and objects. Think of it as being able to offer web content like websites but with the benefits of VR attached. Users of the platform offered by MARK.SPACE would be able to design entire cities divided into districts, blocks and units etc. Within these spaces users would be able generate customised environments complete with bespoke furniture and decor. This of course opens new and interesting possibilities like display of advertisement content on billboards etc in the spaces in these virtual cities. The VR environment offered by MARK.SPACE is accessible through all major mobile devices as well as web browser, computers and tablets.

Virtual Wealth, Real Gains

An interesting aspect of the project is the blurring of the line between real and virtual wealth. As Virtual Reality spaces come into existence, they will gain in worth just as regular real estate does. This is based on the assumption that well designed, content rich and unique spaces will generate visitors similar to the footfall generated let’s say in a shopping mall. The white paper published by MARK.SPACE explains, “Just like with regular real estate, virtual locations will have a long term tendency to increase in value, due to added 3D details and scarcity of the virtual spaces. Once created, well-designed and unique, and filled with quality content, personal spaces will attract many visitors, thus making them valuable economic assets.”

Token at the heart of MARK.SPACE

MARK.SPACE is a blockchain based project with its own token called MRK. This token would be useful for conducting transactions in the virtual realm but also would be tradeable in the real world. This effectively is a mechanism for bridging the gap between virtual reality and reality. Users would be able to use their MRK tokens to create their own virtual spaces and to customise them. This token would be the currency for the sale and purchase of goods and services on the platform. As an example it would be possible to hire a freelancer on the platform using the MRK token or to buy a pair of new sneakers from a virtual mall. The token is also the fuel for the growth of the platform. MARK.SPACE is in the process of holding the fourth round of their token sale during which MRK would be sold to the public to raise funds. The price of each token during this round is set at USD 0.10 with a hard cap of USD 35 mln.

Announcement of competition

MARK.SPACE are also holding a real estate contest which would be centered around designing the ‘Best Apartment’. Registered users would be able to take part in this contest. The competition is being held parallel with the main token sale, last date for which is February 28, 2018. The basis for judging the contest are ‘Best Creative Job’, ‘Best Content’ and ‘Community Favourite’. Submissions can be published by MARK.SPACE on either Facebook or Twitter and the large community of MARK.SPACE will get to vote on the best apartment design. The interested participants can take part in the contest by filling an online form.

The contest is a further attempt to bring real world community to virtual reality and to promote the use of VR as a medium of the future. MARK.SPACE have been showing innovation in the sense that they are giving people the power to build the VR internet of the future in the way and shape that they desire. This in a sense is true democratisation of the process.

Crypt2Pos is a platform that allows shops to connect their POS terminal to accept payment in cryptocurrencies. The platform provides the much-needed solution for people by enabling them to spend their cryptocurrencies to purchase goods and services, just like the way they would otherwise do with fiat.

With Crypt2Pos, it will be possible to exchange all mainstream cryptocurrency to any fiat currency globally where non-cash payment can be made by means of non-contact terminal. These transactions are cheaper, safer and faster than similar operations in any bank with fiat currency. Moreover, the salesmen are also familiar with this mechanism through which they can get their payment in the currency chosen on the settings of their platform. The platform is aiming to leverage on the huge potential of cryptocurrency payment market with its unique ecosystem.

The Background & Industry Challenges

Despite the fact that cryptocurrency payment is witnessing mass adoption worldwide due to simplicity and convenience, it is still faced with some challenges that hinder its adoption, including ambiguous legal status and the fact that most of the users don’t get any opportunity to pay in cryptocurrency.

Crypt2Pos addresses these challenges successfully by building a platform that connects shops’ POS terminals to the cryptocurrency systems for accepting cryptocurrency payments and providing customers an opportunity to pay for their purchases in cryptocurrency through an easy-to-use mobile application. In turn, the salesmen will get the payment either in their bank account or cryptocurrency wallet.

The Core Functions of Crypt2Pos

The Crypt2Pos platform is used for the following operations:

  • Payments by cryptocurrency at any point where POS terminals are connected to the Crypt2Pos platform
  • Transfers to cryptocurrency wallets or bank cards
  • Conversion of various types of cryptocurrency

The Salient Features

The platform is being developed with a range of novel features for the users who can freely access the platform anywhere through their mobile devices. The basic features include:

  • Payment for goods or services at any store
  • A favorable exchange rate of virtual money
  • The ability to make direct transactions, payment through QR code with minimum commission for cryptocurrency transactions. It saves a huge cost to both the seller and the buyer.


How is Crypt2Pos Different from Others?

The differentiating factors of Crypt2Pos are based on the sophisticated advantages that it provides to the cryptocurrency users. These advantages include:

  • Ability to make payments with the most popular cryptocurrencies, with use of blockchain.info mobile wallet
  • Usage of the best mining pools (faster transactions in Bitcoin)
  • Lowest commission for the exchange of cryptocurrency, and
  • Possibility of launching various financial products and services on the basis of the project


The Crypt2Pos Token (CRPOS) Sale

The main part of the ICO token sale, putting 350 million CRPOS tokens on sale, started on February 18, 2018, and will end by April 3, 2018.  It is to be noted that this cryptocurrency is not related to securities, electronic finances, or other types of money — this is the type of payment for system commission.

The Crypt2Pos team has been on the payment systems market for over 10 years. These are the former employees from banks, payments services, and other organizations in our project’s team.

To know more about the platform and participate in its on-going ICO, please visit http://crypt2pos.io/


The IOTA project has come under heavy scrutiny by security and cryptography researchers. Various flaws have been pointed out in recent weeks. Ethan Heilman, one of the people finding out some of these flaws, is now being threatened with legal action. As such, Charles Hoskinson is considering to cover his legal fees if push comes to shove.

The IOTA Debacle Explained

According to the letters published on Tangleblog, there are a few critical weaknesses in IOTA’s code. These flaws are discovered by members of the Digital Currency Initiative. In the letters, Ethan Heilman explains the flaws uncovered and how they came across them. The response by the IOTA team is cordial at first, but things quickly deteriorate from there on out.

A request for documentation on the IOTA signatures could not be provided by the Foundation either. This feature is still a work in progress as of right now. However, the gist is how IOTA’s signature scheme is potentially at risk due to their own in-house developed algorithm, Instead, Ethan Heilman advises the project moves to a vetted and peer-review hash function altogether. It is solid advice, yet it is falling on deaf ears.

Later discoveries include a viable attack on IOTA’s signature scheme altogether. The mention of making this weakness public seemingly irates the Foundation members first and foremost.  More specifically, 09they don’t want this information to be revealed to the public. Addressing such problems would take weeks, at the least. Moreover, there is some back-and-forth communication indicating Heilman is growing more concerned by the lack of non-action on IOTA’s behalf.

The Conversation Begins to Escalate

Further communication indicates the IOTA team finally started taking these concerns more seriously. Even so, some of the replies seemingly quote StackExchange and Wikipedia for “remedies”. Ethan Heilman points out  these are not exactly the most formal sources of valid information when it comes to code security. Further emails show a clear degree of personal attacks and allegations regarding the “sobriety” of the security researchers who pointed out these flaws first and foremost.

The latest email sent includes a clear threat from the IOTA Foundation. More specifically, Sergey Ivancheglo claims he will use a lawyer to potentially sue Ethan Heilman over the allegations made. Although this mail dates back to October of 2017, it is unclear where things stand right now. It does appear as if things have escalated beyond the point of repair. With this information now made public, it will be interesting to see how the community responds.

Charles Hoskinson, one of the co-creators of Ethereum, is not too amused. He even vows to cover Ethan’s legal fees if IOTA goes ahead with this plan.  Whether or not the information presented by DCI is in fact correct, will remain a subject of debate. There are still people who feel the project’s code is not entirely optimal as of right now. Rest assured this is not the last we hear of this story either.

The uses for cryptocurrencies are expanding every day, most of them are to facilitate online payments for goods or services. However, the definition of service has taken on a whole new meaning in one Las Vegas nightspot where dancers were spotted with strategically placed QR codes for crypto tips.

Scanning a Moving Target

Popular UK tabloid, The Sun, reported that strippers at an exclusive Vegas nightclub have been tattooed with QR codes to facilitate anonymous tips in digital currency. In a largely photographic article the paper said that the Legend’s Room was the first to make the innovative move which enables regulars to pay surreptitiously.

Martial Arts master and club owner Nick Blomgren told local media;

“We came up with an idea probably about a year and a half ago of how we could turn this Bitcoin into something. So we were brainstorming. First, we were thinking about a fight company because I own a mixed martial arts gym. I was like well that would work better in a strip club. It’s the best place to spend it if you don’t want your wife to know or you don’t want your boyfriend to know.

He added that crypto was going to be the next big thing; “Some people had the dot.com era and if you didn’t jump on then, you missed the boat. Well I don’t feel I missed the boat this time, I got on the ground floor of something that’s going to be huge,” 

To add to the allure some of the dancers wore temporary QR codes so that their bodies could be scanned to receive crypto from mobile wallets. Some of the performers said they preferred crypto to cash as it was peer-to-peer, instant, and anonymous, though a bank note is hardly traceable.

The appeal seems to have further advantages though, as adult entertainment worker Summer Chase pointed out, “there are certain banks that will shut down your account and actually deny you from having an account because you work in the adult entertainment industry.”

A Bitcoin Heaven in Las Vegas

The adoption of Bitcoin has moved beyond Vegas strip clubs as the entire city has gone crypto crazy. Casinos such as The D have installed Bitcoin ATMs which, according to the owner Derek Stevens, are constantly full; “The damn machine was getting full! And it holds $80,000 worth and it’s getting full every couple of days,”.

The salacious nature of entertainment in Sin City does lend itself to a more anonymous form of currency and crypto seems to fit the bill perfectly. Las Vegas loves to reinvent and nurture forward thinking business models, and as such it is embracing cryptocurrency with open arms.

Key Highlights

  • ADA price started a minor upside move and traded above the $0.300i0 level against the US Dollar (tethered).
  • There was a break above a major bearish trend line with resistance at $0.3130 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair traded as high as $0.3369 and it is currently correcting lower.

Cardano price is showing a few positive signs against the US Dollar and Bitcoin. ADA/USD must stay above the $0.3000 level to gain upside momentum in the near term.

Cardano Price Support

There was a short-term bottom formed around the $0.2900 level in ADA price against the US Dollar. The price started an upside move and traded above the $0.3000 level. It opened the doors for more gains and the price moved towards $0.3400. During the upside move, there was a break above a major bearish trend line with resistance at $0.3130 on the hourly chart of the ADA/USD pair.

The pair traded as high as $0.3369 and later it started a downside correction. It seems like the $0.3400 and $0.3500 levels are important resistance levels. ADA has declined below the 38.2% Fib retracement level of the last wave from the $0.2890 low to $0.3369 high. However, there are many supports on the downside around the $0.3000 level. More importantly, the broken trend line could act as a support near $0.3100. Furthermore, the 50% Fib retracement level of the last wave from the $0.2890 low to $0.3369 high is at $0.3133 to act as a support.

Cardano Price Technical Analysis ADA USD

Therefore, as long as the price is above the $0.3100 level, it may rise once again. On the upside, the price must break the $0.3400 and $0.3500 resistance levels to gain upside momentum.

Hourly MACD – The MACD for ADA/USD is slightly placed in the bearish zone.

Hourly RSI – The RSI for ADA/USD is lower towards the 50 level.

Major Support Level – $0.3100

Major Resistance Level – $0.3500


Charts courtesy – Cryptowat, Bittrex