MicroStrategy buys 850 BTC, Binance delists Monero and lawsuit Craig Wright started

Crypto2Cash
3 min readFeb 7, 2024
Photo by Kanchanara on Unsplash

COPA claims visible forgery in Craig Wright’s bitcoin origin document

On the second day of the Craig Wright v. COPA trial, the plaintiff claimed that Wright had forged the date in his infamous “Nakamoto is the Japanese Adam Smith” document.

This document is pivotal to the case, as Wright showed it in a video back in 2019, where he claimed to be Bitcoin’s originator, Satoshi Nakamoto. The date stamp on the document shows that it was from 2008, before the bitcoin whitepaper was published.

COPA highlighted that the numeral “08” in the document’s date appeared smaller than the “20” and was not aligned properly, suggesting the document might have been altered or forged. Wright acknowledged the visual discrepancies but maintained the document’s authenticity, stating it had been in his possession for a long time and he couldn’t recall its origin.

Wright rejected the suggestion that COPA’s expert found the original document, saying it was part of the effort to discredit him. He also emphasized that if the document were forged, it would have been done flawlessly, suggesting he wouldn’t make such amateurish mistakes.

Source: crypto.news

MicroStrategy buys another 850 BTC

Michael Saylor founded analytical software company MicroStrategy acquired an additional 850 BTC for $37.2 million in January.

Saylor disclosed on Feb. 7 that this latest purchase has propelled MicroStrategy‘s bitcoin holdings to 190,000 BTC, valued at more than $8.1 billion at current prices.

MicroStrategy CEO Phong Le characterized 2023 as an “extraordinary year,” emphasizing the company’s strategic capital raising efforts to bolster its Bitcoin holdings.

“We believe that the combination of our operating structure, Bitcoin strategy, and focus on technology innovation provides a unique opportunity for value creation for our shareholders.”

Source: Crypto News

Monero plummets following delisting on Binance

On February 6, Monero (XMR) saw its price drop after Binance, one of the largest crypto exchanges, announced its delisting in the following weeks alongside another three tokens.

Following the review of digital assets in the exchange, Binance revealed its resolution to delist these tokens, affirming that they no longer met the exchange’s standards. Some of the factors the decision was based on include “evidence of unethical or fraudulent conduct or negligence” and “contribution to a healthy and sustainable crypto ecosystem.”

The team behind Monero shared on its X account (formerly known as Twitter) that the delisting comes after Binance’s new requirement. The crypto exchange stated that deposits must come from a “publicly transparent address, which Monero doesn’t allow.”

Source: NewsBTC

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