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Over 70% of Craig Wright’s 259 claims in his latest UK lawsuit are based on “misunderstandings, blatant misrepresentations, and legally incoherent theories,” according to analysts.  Specifically, X (formerly Twitter) account CSW Fact Check sifted through Wright’s claims and found that 184 of them don’t stand a chance of succeeding. Even for the 75 claims that do appear to have a chance, the fact-checkers stated that they are still only “remotely grounded in fact.” Wright is reportedly applying concepts that are irrelevant to Bitcoin’s decentralized nature and displaying “ a fundamental disconnect from legal reality .” Craig Wright files lawsuit against BTC Core and Square without barrister Read more: COPA confirms Craig Wright is desperately trying to appeal The account said, “At its core, Wright’s case is a misadventure in legal theory, an elaborate distraction veiling his continued bid for control over Bitcoin’s decentralized future.” Wright filed t...

Tether, a prominent stablecoin firm, has responded to claims made by the United Nations regarding the use of its USDT stablecoin in illegal operations. On Jan. 15, the Southeast Asia and Pacific division of the UN Office for Drugs and Crime published a report focusing on the involvement of cryptocurrencies in illicit activities and underground banking. The report, named “Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East and Southeast Asia: A Hidden, Accelerating Threat,” identified the USDT stablecoin, particularly on the Tron blockchain, as a key tool for money laundering in the region, citing its stability, transaction anonymity, and low fees. In response, Tether, on the same day, refuted the UN’s findings, arguing that the report overlooked the traceability of USDT and its history of cooperation with global law enforcement agencies. Tether Challenges UN Report and Calls for Blockchain Education Read more ️https://t.co/R...

Prominent crypto lending firm Celsius was one of the first platforms to file for bankruptcy in 2022. The case has taken many turns with government agencies intervening. Parallelly, customer woes continue to prolong. In a recent development, it was revealed that Celsius is preparing to file a motion that will extend the deadline for users to submit their claims. Its official tweet regarding the same noted that they were seeking to push the bar date from January 3, 2023, until early February. Celsius is preparing to file a motion later this week requesting an extension of the bar date, which is the deadline to file a claim , from January 3, 2023, until early February. — Celsius (@CelsiusNetwork) December 29, 2022 Also Read: FTX Investors Realize $9B In Losses: 3AC, Celsius’ Numbers Much Higher Celsius said that its goal is to provide account holders with additional time to file any proof of claim . Furthermore, it revealed, “ This motion i...