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Ripple CTO David Schwartz suggests that Bitcoins pseudonymous creator, Satoshi Nakamoto, held an enormous amount of XRP.

Schwartz made the claim in his 2021 deposition in the SEC v. Ripple lawsuit. During the deposition, the Ripple CTO suggested that the Bitcoin creator probably held a huge amount of XRP in 2017.

According to him, while the Ripple team was focused on building a payment system around XRP, no similar effort was made for Bitcoin (BTC). He pointed out that Ripples control of XRP gives the company an advantage over its competitors.

When asked whether Ripples control of XRP differentiates the coin from BTC, he acknowledged the difficulty in tracking Bitcoin-related distribution. Nonetheless, he said:

Satoshi, the original Bitcoin creator, probably held an enormous amount of XRP at the time [2017].

Documenting Ripple, an X handle focused on documenting Ripples history, shared an excerpt of Schwartzs deposition on X.

Schwartzs suggestion could further elicit speculations about him being the face behind the pseudonymous Bitcoin creator. Several events have triggered this speculation over the years, with his suggestion about Satoshi Nakamotos XRP holding likely to stoke it further.

Another event that made many speculate that Schwartz could be the face behind Satoshi Nakamoto is the coincidence between the initial development of XRP Ledgers (XRPL) and Satoshi Nakamotos exit from Bitcoin.

Also, Nakamoto revealed plans to move on to other things in 2011, which coincided with the year Schwartz announced his interest in exploring new endeavors.

Interestingly, Schwartz, alongside Arthur Britto and Jed McCaleb, commenced the development of XRPL. Following XRPLs launch in 2012, which also coincided with Ripples debut, the company adopted it as a blockchain solution.

Moreover, Satoshi Nakamoto praised Ripple for building a reliable system that does not prioritize centralization. Nonetheless, his admiration was directed at the original 2004 Ripple concept by Ryan Fugger.

Additionally, Satoshi Nakamoto shared the pre-released version of the Bitcoin code on November 16, 2009, a date that coincided with Schwartzs birthday.

It bears mentioning that these events, including Schwartzs disclosure about Satoshi Nakamotos enormous XRP holding, do not confirm that the Ripple CTO is the face behind Bitcoins pseudonymous creator.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ripple CTO Suggests Satoshi Probably Held an Enormous Amount of XRP - The Crypto Basic

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Crypto market buzzes as Rebel Satoshi price soars 120%, capturing the attention of many crypto investors.

The cryptocurrency market is buzzing with the rise of creative projects like Rebel Satoshi (RBLZ), an ETH memecoin inspired by the ideals of Satoshi Nakamoto and Guy Fawkes. Furthermore, Uniswap (UNI) and Notcoin (NOT) show signs of rebound, which is exciting to investors. Lets discuss why Uniswap and Notcoin investors are turning to Rebel Satoshi.

Rebel Satoshi is an creative ETH memecoin that is taking the crypto market by storm. Notably, this project is inspired by ideals and concepts developed by Satoshi Nakamoto and Guy Fawkes.

Its mission is to challenge centralized marked forces and disrupt the markets status quo. Rebel Satoshis rebellion is conducted by its community of Recusant members, who peacefully rebel against the status quo of the crypto market.

In that context, Rebel Satoshi has a massive ecosystem designed around its dual-token ecosystem featuring RECQ and RBLZ. This RBLZ token is the membership and governance token, while RECQ is Rebel Satoshis utility token.

Rebel Satoshis RECQ presale is in Stage 2, with the tokens valued at $0.0044, up 120% from its early bird round price of $0.0020.

Moreover, during its RBLZ presale, Rebel Satoshi raised over $2.5 million and recorded a 150% rise. Rebel Satoshi listed RBLZ for trading on Coinstore and Uniswap, among other platforms.

The token surged by 1500% initially on Coinstore before it dropped with the market. However, with the launch of the RECQ presale, investors have regained confidence in RBLZ, and the memecoin is surging consistently.

Currently, RBLZ is on a strong rebound, and analysts say it will rise in the next crypto bull run. RBLZ has also been listed on CoinGecko and DEXTools, increasing its adoption rate. With all these features and growth potential, RBLZ has emerged as notable cryptocurrency option for investment at present.

Uniswap emerged as one of the best altcoins in the recent market recovery, registering double-digit surges within three days. The increase in value is a testament to the growing optimistic sentiment in the crypto space. On that note, UNIs year-to-date price increase of 53.05% highlights a favorable outlook for the token in the near term.

Before the June 4, 2024, spike, UNI traded between $6.920 and $8.40. The consolidation phase showed that UNI had weak price action within the general crypto industry. Interestingly, the current Uniswap metrics have enabled it to surge in the global crypto market rankings, proving its significance in the ecosystem.

The June 4 UNI surge was in tandem with the general crypto market, but it has since cooled off slightly. If the markets bullish momentum continues, Uniswaps native token will rise above the resistance zone that has formed near $11.64. With such a move, UNI bulls will regain their hold and aim to push the token higher toward the resistance at $13.51.

UNI was trading at $10.68, up 1.92% in the first week of June. Increased bullish momentum in the crypto space, supported by experts, will likely cause UNI to rise to $13.51 this month.

Notcoin is a new altcoin linked to a viral game hosted on the Telegram messaging platform. Due to its exposure to a potentially extensive user base, NOT surged explosively to record new all-time highs in the first week of June 2024 after gaining almost 160%.

NOT is a community token that started trading on May 16, when the Binance exchange unleashed support for the asset through its Launchpool platform, which allows users to stake coins to farm new assets.

Notcoin says it has already attracted over 1.6 million on-chain holders, surpassing top memecoins like Bonk, Pepe, and Shiba Inu. NOT token is issued on The Open Network (TON) blockchain, which was initially developed by Telegram. The Open Network took over the management of the technology in 2020.

Nevertheless, Telegrams 700 million users can still send TON within this platform without entering long wallet addresses.

NOT was valued at $0.02193, up 85.41% in the first week of June. Experts say Notcoin will rise to $0.03255 this month, powered by increased demand for the token.

For the latest updates, visit the official Rebel Satoshi website or join the community on Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Uniswap, Notcoin, and Rebel Satoshi are on a big rebound trend - crypto.news

Bitcoin's price has been pretty steady at around $70,000 for a while now, since mid-May. Despite this, the cryptocurrency's price has shown minimal movement, fluctuating within a narrow 6% range. This period of low volatility has frustrated market participants, particularly as Bitcoin's all-time high of $74,000 remains tantalizingly close yet seemingly out of reach.

The lack of movement in the price has seriously annoyed traders and investors, and there has been a lot of talk about price manipulation.Adam Back, who is a contemporary of Bitcoin's mysterious creator Satoshi Nakamoto, addressed these concerns in a recent discussion.

Back suggested that the current price suppression could be down to certain sellers who urgently need cash and are offloading theirBitcoin holdings. He said that these sellers, who might not be willing or able to wait for higher prices, have a limited amount ofBTC to sell. Once they have sold all their holdings, the market might start to move up again, says the developer.

someone is selling, who doesn't want to hodl for a higher price - eg need money now for some reason - just got to wait until they run out of #bitcoin to sell. they can only sell once! Adam Back (@adam3us) June 6,2024

These comments match what a lot of people in the cryptocurrency community are feeling. Many think that things like institutional investors and trading platforms like ETFs and Coinbase might be influencing the market. The idea is that these entities, possibly in collaboration with official agencies, are trying to keep prices stable or suppressed for their own strategic advantage.

When breakout?

However, Backs perspective offers a glimmer of hope in the current market conditions. The idea that current sellers' influence is temporary suggests that once their selling capacity is depleted, Bitcoin could resume its upward trajectory.BTC to USD by CoinMarketCap

This view lines up with how the price has moved historical, as there have often been periods of consolidation before big price surges.

Summing up, while the current trading range and low volatility are testing the patience of market participants,Bitcoin's price could break free from its current stagnation, potentially reaching new highs once the immediate liquidity needs of these sellers are met.

More here:

Bitcoin's Big Breakout Coming Soon? Satoshi's Ally Predicts When - TradingView

A British judge slapped down an Australian computer scientist who claimed to be the enigmatic bitcoin inventor Satoshi Nakamoto, saying he has extensively and repeatedly lied about his identity.

Judge James Mellor of Londons High Court determined that Craig Wright who has insisted for years that he authored the 2008 white paper that spawned bitcoin had also committed forgery on a grand scale to convince the world he was Satoshi in a scathing ruling issued Monday.

The judge had already determined in March that there was overwhelming evidence against Wrights claim that he was Satoshi.

Dr. Wright presents himself as an extremely clever person. However, in my judgment, he is not nearly as clever as he thinks he is, Mellor wrote as he gave the reasons for his conclusions.

All his lies and forged documents were in support of his biggest lie: his claim to be Satoshi Nakamoto.

Wright faced trial in connection to a lawsuit filed by the Crypto Open Patent Alliance, which was attempting to halt his bid to sue bitcoin developers for allegedly violating his intellectual property rights.

COPA whose members include Twitter founder Jack Dorseys payments firm Block described Mondays ruling as a watershed moment for the open-source community.

Developers can now continue their important work maintaining, iterating on, and improving the bitcoin network without risking their personal livelihoods or fearing costly and time-consuming litigation from Craig Wright,a COPA spokesperson said in a statement.

Wright was specifically asked about the forgery allegations during the trial and denied wrongdoing.

If I forged that document, it would be perfect, Wright said when presented with one alleged forgery.

COPA said it may askUK prosecutors to bring perjury chargesagainst Wright.

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Dr Wrights attempts to prove he was/is Satoshi Nakamoto represent a most serious abuse of this Courts process, Mellor said in his ruling.

Despite the harsh rebuke, Wright said Monday in a post on X that he intends to challenge the court ruling.

I fully intend to appeal the decision of the court on the matter of the identity issue, the post said. I would like to acknowledge and thank all my supporters for their unwavering encouragement and support.

The person or persons behind the Satoshi Nakamoto pseudonym are known to possess a stash of up to 1.1 million bitcoins valued at more than $78 billion at present.

A single bitcoin was worth more than $71,000 as of Tuesday, with prices surging more than 60% since the start of the year.

Bitcoins market cap is more than $1.4 trillion, far higher than any other digital currency on the market.

With Post wires

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Craig Wright forged documents 'on a grand scale' in false claim to be bitcoin inventor Satoshi Nakamoto: judge - New York Post

"He is not nearly as clever as he thinks he is." Please Stand Up

Craig Wright, the Australian computer scientist who has long claimed to be Bitcoin's mysterious creator Satoshi Nakamoto, has been declared a fraud.

AsWired reports, a judge in the United Kingdom has ruled that Wright perpetrated a long-running scheme, including extensive document forgery, in service of the lie that he was Nakamoto.

In his scathing rebuke, High Court Justice James Mellon eviscerated the Aussie prevaricator, saying that although "many of Dr. Wrights lies contained a grain of truth," he's told too many over the years to keep them straight.

For the better part of the last decade, the Aussie fraudster has claimed to anyone who will listen that he was the original author of the 2008 white paper that led to Bitcoin's invention. When asked to prove it, Wright has provided various excuses, including that he "stomped on the hard drive" that contained the smoking gun but a lack of hard evidence hasn't stopped him from testifying in multiple countries that he's the real Nakamoto.

Beyond that outlandish insistence, the Aussie programmer also founded his own cryptocurrency, called Bitcoin Satoshi Vision, and sued people who challenged his claim to fame. With this latest judgement, which was brought after a group of crypto firms called Crypto Open Patent Alliance (COPA) sued to set the record straight, continuing his shenanigans will be difficult.

"It is clear that Dr. Wright engaged in the deliberate production of false documents to support false claims and use the Courts as a vehicle for fraud," Mellor wrote in his ruling. "I am entirely satisfied that Dr. Wright lied to the Court extensively and repeatedly. All his lies and forged documents were in support of his biggest lie: his claim to be Satoshi Nakamoto."

In mid-March, the same British judge ruled in a rare snap decision in the COPA suit that evidence of Wright not being Nakamoto "is overwhelming," and this final judgment seems to be the nail in the coffin of the Aussie fabulist's "reign of terror," as one user on X-formerly-Twitter called it.

"Dr. Wright presents himself as an extremely clever person," Mellor wrote in the more recent ruling. "However, in my judgment, he is not nearly as clever as he thinks he is."

Wright, to his end, announced on X that he plans to appeal the ruling, but with the evidence stacked so thoroughly against him, it seems that his house of cards may finally have tumbled for good.

More on Bitcoin:Many Consumers Expect Bitcoin to Crash and Burn

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That Guy Claiming to Be Satoshi Nakamoto Just Got Beat Down by a Judge - Futurism