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Bitcoin Cash Devs Publish the First 3 of 3 Multi-Sig Schnorr Transaction
On May 15, the Bitcoin Cash network successfully upgraded by implementing Schnorr signatures, after which a few developers processed some basic Schnorr signatures. Then, on Saturday, May 18, software developers Chris Pacia, Mark Lundeberg, and Checksum0 performed the first multi-sig Schnorr signature on BCH and sent the funds to Freeross.org. Also Read: After Trillions Printed Under QE, Politicians Now Say Deficits Don't Matter This weekend, Openbazaar and Bchd full node developer Chris Pacia announced the first 3 of 3 multi-signature in a Pays To PubKey Hash (P2PKH) output. Developers Checksum0 and Mark Lundeberg helped process the transaction and the funds were sent to the Ross Ulbricht defense fund. Mark Lundeberg, Chris Pacia and I made the first Schnorr multi-signature in history The transaction is a donation to Free Ross Proof will be published shortly, explained Checksum before the transaction confirmed. Then, sure enough, the multi-sig transaction published to the chain and contained an opreturn message which read:

'Craig Is a Liar' Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright
On May 16, an unknown person posted a signed message to social media concerning a bitcoin address that was used as evidence in the ongoing Kleiman v. Wright lawsuit. According to the message, which is verified to be the rightful owner of the address used in the Florida lawsuit, the address never belonged to Satoshi or to Craig Wright and once held over 160,000 BTC. Also read: Blockchain Researchers Mock Craig Wright's Unsealed Bitcoin Address List Since last year, Craig Wright has been involved in a lawsuit against the Kleiman family who are suing him for allegedly manipulating the now deceased Dave Kleimans inheritance. Wright and Kleiman worked together and the Kleiman estate and Dave's brother Ira accuse Wright of fraud of over $11 billion worth of bitcoins. This is due to a slew of documents and contracts submitted as evidence in the Florida lawsuit. One specific contract submitted to the courts called Exhibit 11 shows a variety of bitcoin addresses that were allegedly used in a trust held in the UK.

Bitcoin Cash Protocol Successfully Upgrades Schnorr Signatures Are Here
The Bitcoin Cash (BCH) chain has officially upgraded, adding Schnorr signatures and the Segwit recovery exemption. As of block 582680, the chain has implemented the new features successfully and BCH fans are celebrating another major protocol improvement. Also read: Schnorr Signatures Are Coming to Bitcoin Cash Here's What You Should Know On Wednesday, May 15, the Bitcoin Cash network has completed yet another successful upgrade by implementing two new features Segwit recovery and Schnorr signatures. Essentially, the Segwit recovery addition makes it possible for network participants to recover funds that have been sent to Segwit addresses by accident. The implementation makes an exemption following the enforcement of the new CLEANSTACK rule that made Segwit recovery previously impossible after the upgrade last November. But the high profile feature everyone's been chatting about is the implementation of Schnorr signatures, a digital signature scheme that allows for complex signing abilities.

Despite $100K Pledged to Charity, Adam Back Remains Silent Over Proposed Debate
There's over $100,000 on the line that could be given to charity for about an hour of Adam Back's time. If he chooses to debate Bitcoin Unlimited's Peter Rizun over why he thinks it's a bad idea to scale with larger blocks, Paxfuls Ray Youssef has pledged $100K in addition to Roger Vers initial $10K offer. Also read: Schnorr Signatures Await Bitcoin Cash as the Next Upgrade Draws Near On April 27, the CEO of Blockstream, Adam Back, compared people arguing for gigabyte blocks to flat earthers, citing that a majority of protocol experts agree that syncing full nodes is already too heavy. Following the tweet from Back, Bitcoin Unlimited Chief Scientist Peter Rizun told people to remember Back's commentary when gigabyte blocks are no more impossible than a streaming video is today. Rizun detailed that there's really no laws of physics that will prevent the Bitcoin Cash (BCH) protocol from scaling globally. In fact, no technological breakthroughs are required just continued state-of-the-art engineering, Rizun asserted. Following Rizun's tweet, Back replied stating that it is the wrong architecture to follow this route and said he has offered some design outlines to some of the big blockers.

Blockchain Researchers Mock Craig Wright's Unsealed Bitcoin Address List
The ongoing lawsuit between the relatives of Dave Kleiman and Craig Wright continues to unfold as a filing has been unsealed that shows a list of addresses tied to the first 70 bitcoin blocks Wright claims to have mined. However, not long after the redacted list was unsealed, researchers at Wizsec Security studied the addresses and are convinced his list is merely a lazy copy-paste from the blockchain, without any cryptographic signatures to support his claims of ownership. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged Satoshi Affair The self-proclaimed Satoshi, Craig Wright, is being sued by the Kleiman family on behalf of the now deceased Dave Kleiman and his estate. The lawsuit accuses Wright of fraud and theft of over $11 billion worth of bitcoins and intellectual property from the estate of Dave Kleiman and W&K shortly after Dave's 2013 death. Last week the court ordered Wright to disclose bitcoin addresses that belonged to him before December 2013. The Florida Magistrate overseeing the lawsuit, Judge Bruce Reinhart, signed the order and gave Wright a few days to produce the list.

Putting an End to the Bitcoin Store of Value Fallacy
Over the last few years, many have claimed that bitcoin core (BTC) has turned into, or will soon become, a store of value (SoV). Proponents of the BTC-based SoV theory seem to think that money can somehow store value and if it's held long enough, the price will be higher or predictably useful when spent at a later date. This is an economic fallacy however because money cannot store value and, as innovative as bitcoin is, it will never be immune to market influences. Also Read: Memo Is a Decentralized Social Network Built on Bitcoin Cash There are a ton of people who believe that BTC is a store of value and that if they keep hodling someday they might be super wealthy and protected from the world's turbulent economy. Except this couldn't be further from the truth. BTC is not an SoV currently, and never will be due to the fact that money itself cannot be an SoV. The idea that money cannot serve as a store of value has been written about by many economists over the years including Carl Menger, Murray Rothbard, and Ludwig von Mises. Carl Menger (1840-1921) was the founder of the Austrian school of economics proper. Menger was one of the first economists to explain in detail about the relationship of value and money to market prices. Menger writes in Principles of Economics:

Craig Wright Ordered to Produce a List of Early Bitcoin Addresses in Kleiman Lawsuit
On April 28, the high profile Kleiman v. Wright lawsuit heated up when the plaintiffs alleged Craig Wright submitted forged evidence before the court. Following the recent response against Wright's motion to dismiss the case, the plaintiffs also filed an order which demands a list of Wright's public bitcoin addresses as of Dec. 31, 2013. Additionally, the Southern District Court of Florida Magistrate overseeing the lawsuit, Judge Bruce Reinhart, has signed the order. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged Satoshi Affair Self-proclaimed Satoshi, Craig Wright, has been fighting a lawsuit since Feb. 14, 2018, in a case that involves $11 billion dollars worth of bitcoin and lots of intellectual property. The Kleiman estate represents the now deceased David Kleiman, a security researcher that some individuals believe may have been a member of a pseudonymous group operating under the Satoshi Nakamoto monicker. The cryptocurrency community does not believe Wright is Satoshi despite his claims and many cite that he has yet to provide cryptographic evidence that would tie him to the creation of Bitcoin. So far, the Kleiman v. Wright lawsuit has dragged out for well over a year and last week Wright was accused of forgery. Now the plaintiffs are demanding to view a list of public bitcoin addresses once owned by Wright up until Dec. 2013. Right now, a good portion of the bitcoin address information was either redacted or sealed, but the Kleiman estate believes that tracing Wright's bitcoin holdings back in 2013 and earlier is relevant to the alleged theft claims.

Self-Styled Satoshi Accused of PGP Forgery in Kleiman vs Wright Lawsuit
The Southern District Court of Florida case, Kleiman v. Wright, continues to be one of the 10 most monitored court dockets in the state. On April 28, the Kleiman estate's legal team responded to Wright's most recent motion to dismiss the case by claiming that Wright submitted a forgery as evidence and allege the fraudulent imitation was created one year after David Kleimans death. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged Satoshi Affair The Kleiman v. Wright case continues in Florida this week as Craig Wrights legal team recently attempted a motion to dismiss the case after Ira Kleiman's recent deposition. The notorious case was filed by the Kleiman family in February 2018 because they believe the now deceased David Kleiman lost his bitcoin inheritance due to manipulative acts allegedly committed by Wright. The Kleiman estate thinks David may have been one of the creators of Bitcoin, and of course, Wright is already well known for claiming to be Satoshi. According to the Kleiman estate's legal team, the case was initiated because of Craig's theft of over $11 billion worth of bitcoins and intellectual property from the estate of Dave Kleiman and W&K shortly after Dave's 2013 death. The plaintiffs believe W&K Info Defense Research was a Florida LLC founded by Dave in February 2011.

More Cashshuffle Compatible Wallets Are Coming to Bitcoin Cash
On April 27, Electron Cash founder Jonald Fyookball revealed a new milestone for the Cashshuffle protocol when he announced the release of the Cashshuffle JS library. According to Fyookball, the software is a major step toward Cashshuffle being implemented into other light wallets. Also read: BCH Developer Builds Onchain Token Auction Console SLP Agora News.Bitcoin.com recently reported on the Cashshuffle application getting a lot of traction as the protocol has mixed millions of dollars worth of BCH since the Electron Cash launch. Cashshuffle is a BCH shuffling protocol that allows anyone to mix BCH transactions without worrying about funds being stolen. Bitcoin Cash proponents are still mixing away as the community shuffled approximately 2,765 BCH or $729,960 last week. The average shuffle during this period was 2.7 BCH or $713 according to Cashshuffle statistics. On Saturday, Jonald Fyookball, the lead developer of Electron Cash, told the BCH community that the team recently launched a JS library for the protocol, which will help other wallets implement the feature. For instance, developers who work on the Bitcoin.com Wallet plan to add the Cashshuffle protocol soon.

Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year
Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world's digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over the last year. Also read: Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings The South Korean news outlet Arirang Daily News revealed the results of a new survey conducted by the Korea Financial Investment Association (KOFIA). The self-regulatory organization's poll surveyed 2,500 South Korean residents who invested in cryptocurrencies like BCH, ETH, and BTC. Surveys help bolster KOFIA's goal of ensuring fair trading practices are taking place and enables them to monitor South Korea's capital market and financial investments. The results of the survey stemmed from a poll taken in December 2018 and the examination reveals 7.4% of the 2,500 individuals surveyed said they own digital currencies. Moreover, South Koreans between 25 and 64 years old who had purchased cryptocurrencies over the last year invested more than $6,000 on average.

Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter
Over the last few weeks, bitcoin cash (BCH) and the network itself have been shining brightly after a year of bearish sentiment and the blockchain split last November. Most notably, this month BCH has shown a significant increase in daily transactions, the price has doubled, and today the network has produced the second highest value of onchain transactions settled in the last 24 hours. Also read: Strong Evidence Suggests a Single Entity Mined More Than 1 Million Bitcoin Bitcoin cash has been on a tear lately and it's not just the markets that have seen significant improvements. The network itself has shone greatly this month by processing a lot more transactions per day and settling roughly $940 million in onchain value over the last 24 hours. The only cryptocurrency ahead of BCH today is bitcoin core (BTC). BCH has processed 2x more onchain transaction value than ETH and 4x more than LTC. This has been a consistent trend ever since BCH doubled in price not too long ago. In addition to the onchain settlement, cryptocurrency exchanges have been swapping a lot more BCH than they had months prior. Exchanges like Hitbtc, Binance, Coinbene, Lbank, Coinbase, and Huobi are contributing to the $1.2 million in global trades swapped in the last day. Bitcoin cash has also consistently captured the sixth most traded coin by exchange volumes within the entire cryptoconomy for a few weeks in a row.

Liberland's Merit Token Built on Bitcoin Cash Captures $1M Market Cap
The sovereign microstate known as Liberland has recently minted a new token called merit (LLM) and the coin has been added to the Altilly exchange. Merit is a token built on top of the Bitcoin Cash chain and was issued using the Simple Ledger Protocol (SLP) on March 11. Since the Altilly listing, the token has gathered a market valuation of $1.1 and each LLM is swapping for more than $1 at press time. Also Read: Installing a Subdermal Bitcoin Wallet Is Only for the Brave Last October, Liberland revealed that it planned to issue a new cryptocurrency called merit and originally the micronation was going to use the Ethereum blockchain. However, Liberland has decided to create its merit (LLM) tokens using the Bitcoin Cash network coupled with the Simple Ledger Protocol (SLP). According to blockchain statistics, Liberland has created 1 million LLMs and started minting on March 11. Each token also has a website URL tethered to the coin's metadata which leads to Liberland.org. LLMs were created at block 573350, are divisible to nine decimals, and the last mint took place on 573350. More merits can also be issued again at a later date so Liberland can add more coins to the token supply.

Xthinner Protocol Tested on BCH Mainnet Shows 99% Block Compression
On April 8, BCH developer Jonathan Toomim revealed how far he's come with the Xthinner block compression protocol. Toomim tested the platform between two Bitcoin ABC full nodes on the BCH main network and a 363 kB block was compressed down to 1,660 bytes, or 99.54% compression. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged Satoshi Affair The Bitcoin Cash (BCH) community is all about scaling and increasing the block size, but very adding large blocks is just one part of the equation. In the first week of September, the BCH chain processed some significantly large blocks and millions of transactions per day. However, developers noticed issues with block propagation, bottlenecks, and nodes crashing when very large blocks were processed. Last January, news.Bitcoin.com reported on Jonathan Toomim's project Xthinner, which could help alleviate such problems in the future. Xthinner is block propagation software that leverages canonical transaction ordering (CTOR) and can compress blocks by more than 90%, if all of the transactions in the block were previously transmitted. On Monday, Toomim detailed that he's been testing the protocol on the main network and used two Bitcoin ABC full nodes to record his data.

Embed 1MB Files on the Bitcoin Cash Chain With the Blockupload Platform - Bitcoin News
The software developer known as Deswurstes revealed last week a new project he's been working on that allowed people to upload files up to 1MB in size to the Bitcoin Cash (BCH) testnet. On April 7, Deswurstes launched the first BCH mainnet version of Blockupload, a desktop platform that allows people to embed larger files into the blockchain without the need for the Interplanetary File System (IPFS). Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged Satoshi Affair The developer known as Deswurstes or Mcccs has announced a new project he's been working on over the last eight months called Blockupload. The platform uses a BCH Op_Return transaction and P2SH in order to allow individuals to upload files to BCH up to 1MB in size. The upload size is higher than the Bitcoin Files project allows, which is roughly a max of 5kb or less, but when using IPFS Bitcoin Files can upload much larger files. Deswurstes says his project doesn't need IPFS and the open source repository on Github explains that Blockupload is a user-friendly tool to upload your files to the BCH chain.

Crescent Cash Becomes the Third BCH Light Client to Adopt Cash Accounts
There's a new open source bitcoin cash (BCH) wallet called Crescent Cash which uses the Cash Accounts protocol by default. The new application was designed by the programmer Pokkst who built the wallet for simplicity by allowing BCH users to send funds to a specific username as opposed to a long alphanumeric address. Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1 On Monday, April 1, the programmer behind the recently published Bchgallery wallet released a new wallet called Crescent Cash, a light client dedicated to the Cash Accounts username system. Crescent Cash is open source and noncustodial like traditional BCH wallets and the application also supports the standard BCH address format Cashaddr. The application's first release for Android is available on the Google Play store and Pokkst believes the wallet is simple and secure while combining the simplicity of traditional, centralized money apps with the security of trustless Bitcoin wallets. Pokkst explained on the Reddit forum r/btc that he spent a few sleepless nights powered by soda while he was coding up the application for release.

Cashshuffle Launches, Bringing Greater Privacy to the BCH Ecosystem
On March 27, the development team behind the privacy-centric protocol Cashshuffle announced the official launch of the platform using the Electron Cash wallet. Anyone can use the latest Electron Cash version 4.0 with Cashshuffle and the implementation will also be added to the Bitcoin.com wallet and Badger client soon. Also read: Examine the Token Universe Built on BCH With the New SLP Explorer Bitcoin Cash (BCH) supporters who appreciate privacy rejoiced on Wednesday when Electron Cash (EC) lead developer Jonald Fyookball announced the official Cashshuffle release implemented in EC version 4.0. The Cashshuffle version is available for Mac, Windows, and Linux users and is disabled by default for better privacy. Moreover, the development team behind Cashshuffle have had the project's process and code audited by the firm Kudelski Security.

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach
On March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic. Also read: Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory The owner of the Twitter handle @Bitcoin believes the account is being restricted for being critical toward the Bitcoin Core (BTC) network and the Lightning Network (LN). Over the last few weeks, several BTC supporters have advocated having the account suspended or reassigned to a group of core developers.

This Version of Lode Runner Is Fueled by BCH-Powered SLP Tokens
On March 18, Portuguese programmer Cláudio Gil revealed the launch of an old 80s video game that uses Bitcoin Cash-based Simple Ledger Protocol (SLP) tokens for interactive play. The Lode Runner SLP version is a port of the classic 1983 puzzle-oriented action game that allows people to play using the Badger wallet and non-fungible SLP coins called LVL. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Token creation on the Bitcoin Cash (BCH) network has been prolific lately as BCH supporters have been minting a wide variety of SLP-based tokens. The majority of the SLP tokens have been made for fun and people have been sharing the coins with friends. This week, software developer Cláudio Gil took the SLP concept to another level by integrating SLP tokens with the classic 2D video game Lode Runner.

Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright
On March 15, well-known Bitcoin developer Jeff Garzik revealed he was subpoenaed by the U.S. District Court of Southern Florida in the infamous Kleiman vs Wright bitcoin lawsuit. The Kleiman family is suing the self-proclaimed Satoshi for roughly 300,000 BTC and Garzik has been served by the court and asked to submit assorted documents and possible evidence that would be relevant to the case. Also Read: Satoshi's Pre-Release Bitcoin Code Contains Fascinating Findings The Kleiman estate and David Kleimans brother Ira Kleiman believe Craig Wright defrauded David and manipulated his assets. Some people believe that David Kleiman (deceased) may have been the creator of Bitcoin and the estate thinks he is owed about 300,000 BTC ($1.1 billion) from a trust that allegedly has 1 million BTC locked until the year 2020. News.Bitcoin.com recently reported on Wright's response to the billion dollar lawsuit after Judge Beth Bloom denied his attempt at dismissing the charges. Now the early Bitcoin adopter and developer Jeff Garzik is involved with the lawsuit as he announced he's been served with a subpoena to appear in court. The subpoena stems from the Kleiman's council and asks Garzik to submit any evidence to the theory that David Kleiman was Satoshi Nakamoto.

Bchpls
Over the last few weeks, Bitcoin Cash (BCH) fans have been creating and sharing a bunch of customized Simple Ledger Protocol (SLP) tokens. There's now a Telegram tip bot, a Twitter tip bot, Badger wallet logo integration, and SLP token support on the payment platform Bchpls.io. Also Read: Satoshis Pre-Release Bitcoin Code Contains Fascinating Findings At the end of February, news.Bitcoin.com reported on BCH token development kicking into high gear and the pace hasn't stopped since. People have been creating unique tokens using the SLP software with names like dragon ball, steam cash, nazgûl, wonton, crown coin, and someone's made tokens for about 20 of the most popular cryptocurrency networks as well. BCH proponents have also participated in a social experiment and torch passing ceremony that used a single non-divisible token called the SLP Torch.

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