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XRP Lawsuit: Ripple condemns latest SEC reaction to amici

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XRP Lawsuit: Ripple condemns latest SEC reaction to amici

The two parties have locked horns again in the XRP Lawsuit. Ripple’s legal team has objected to the SEC’s take on the Chamber of Digital Commerce amicus briefs. Ripple condemned the SEC’s behavior about requesting the Court for additional time or pages for additional amici curiae to submit briefs.

“This is yet another transparent attempt to further delay resolution of this case and the Court should reject it.”

What happened this time?

This time the fiasco was set off after the Chamber of Digital Commerce requested an amici status. The SEC decided not to take any “position”  in this motion. However, the SEC has requested the Court to grant additional time and/or pages if more amicus briefs are allowed.

According to a request addressed to Judge Analisa Torres, the Chamber of Digital Commerce included copies of its amicus brief motion, memorandum of law, and a declaration from Lilya Tessler, the organization’s amicus brief attorney.

Ripple claimed the SEC should use the allocated space in its opposition and reply briefs to address arguments raised by amici. While addressing Judge Torres, Ripple also stated that the SEC should do so in the already established briefing schedule.

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Meanwhile, CryptoLaw founder John Deaton also opined on the matter in a recent tweet. Deaton was enraged toward the SEC and called its latest action as “pathetic and embarrassing.”

He believes the request for delay is targeting the XRP holders which is both “mean and cruel”.

John Deaton’s problems with the SEC have been a theme for much of the XRP Lawsuit.

The claim that SEC lawyers, with all their Ivy League Law Degrees and wealth of experience in securities laws, need more time to respond to the “Twitter Lawyer”, (as they called me) is both pathetic and embarrassing. https://t.co/GDbTgjxz8V

— John E Deaton (214K Followers Beware Imposters) (@JohnEDeaton1) September 20, 2022

Well, the question is- Where does the case head on from here after Ripple’s latest reply? The Court is likely to extend the SEC’s delays but this will not help in providing a conclusive end to the case whatsoever.

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Deaton looks to have made a fair point in his tweet about the SEC’s intentions of targeting the “anxiety” of XRP holders. But it is now upon the SEC to prove if he’s right or not.

Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.

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Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal Notations

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Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal Notations

On October 7, 2022, a bitcoin supporter named Jim Blasko explained that he discovered the oldest upload of Bitcoin’s version 0.1 codebase. The original code was thought to have been lost for more than a decade and with a “little browser hacking” Blasko was able to find the lost version 0.1 raw data and files stored on sourceforge.net.

Bitcoiner Scrapes Up the ‘Cleanest Original Version of Bitcoin’ Thought to Be Lost Forever

For well over ten years, Satoshi Nakamoto’s version 0.1 codebase was thought to be lost. If one is to search, it’s extremely difficult to find and some people have discovered bits and pieces of the code. Bitcoiner Jim Blasko revealed on October 7 via a Facebook post that using a touch of browser hacking he was able to scrape up the long-lost code. After explaining a bit of history, Blasko detailed that it took Bitcoin’s creator roughly six months to mine the inventor’s stash of 1 million BTC.

Bitcoin’s version 0.1 codebase discovered by Jim Blasko.

“Satoshi would take at least 6 months to mine 1 million bitcoin,” Blasko’s post explains. “As block 20,000 wouldn’t come until July 22nd, 2009, and others like Hal [Finney] were mining as well, so at least this time or shortly thereafter. [The network’s difficulty] was only 1 at the time and basic [CPU] mining would continue for a couple of years.” Furthermore, the bitcoiner explained that in late August 2009, Martti Malmi uploaded the raw code of Bitcoin v0.1 to sourceforge.net.

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“Since 2012 it was thought that the raw code and the files were gone as they had been scraped from the Sourceforge search engine for some reason,” Blasko’s post says. “I know many users [were] looking for the original v0.1 code for a very long time and Hal Finney was planning to email it to some people in 2012, but his health was poor and by his own words didn’t get online much to respond,” the crypto researcher adds.

Blasko’s post continues:

I’m not sure if Hal ever did send it out, as Hal was the earliest to receive Bitcoin v0.1 code from Satoshi. Either way, I did some digging and I was able to find the original code still on Sourceforge using some browser hacking.

Via Blasko’s discovery, the hidden code uploaded on August 30, 2009 can be found here and here. Blasko’s discovery is unique because it is the very first version of Bitcoin presented in an untampered way and it contains all of Satoshi’s personal notations in the early codebase. Blasko said that he was aware that there are existing versions of Bitcoin version 0.1’s codebase on Github, however, he believes it’s “the cleanest original version of Bitcoin.”

Bitcoin’s version 0.1 codebase discovered by Jim Blasko.

In the codebase, Nakamoto explains things like why base-58 was chosen instead of standard base-64 encoding, and other notations like things the inventor planned “to do” later in the future. There’s also a great description of the original Bitcoin operations codes (opcodes) and what each one does. Opcodes such as OP_CHECKSIG, OP_CHECKSIGVERIFY, OP_CHECKMULTISIG, and OP_CHECKMULTISIGVERIFY.

Tags in this story

1 million BTC, 2009, 2009 codebase, Bitcoin, Bitcoin (BTC), Bitcoin codebase, Bitcoin v0.1 code, Bitcoin Version 0.1 Codebase, CPU Mining, crypto researcher, crypto sleuth, crypto slueth, difficulty, github, Hal Finney, Jim Blasko, long-lost code, mining, Nakamoto, network, Satoshi, Satoshi Nakamoto, Sourceforge, Sourceforge repo

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What do you think about Jim Blasko’s early Bitcoin codebase discovery? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Valery Brozhinsky / Shutterstock.com and Sourceforge

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bankruptcy Court Publishes 14,000 Pages Of Celsius Customer Usernames And Trade History

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Bankruptcy Court Publishes 14,000 Pages Of Celsius Customer Usernames And Trade History

The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages of the usernames and trading histories of the company’s customers. While the file does not disclose personal information tied to the user’s finance providers or the customer’s residential address, the crypto community believes there are other ways these identities can be doxxed.

Crypto Community Is Appalled by Celsius Username and Trading History Court Filing

The embattled crypto lender Celsius is dealing with controversy again as a court filing has been discovered by the news outlet Gizmodo. The 14,000-page filing reveals the usernames and trading histories tied to Celsius clients.

The data release has caused an uproar within the crypto community as many believe high-net-worth traders could be doxxed. While the list only shows usernames and trades, it is alleged that more information tethered to the identities of the users can be discovered by heuristics and blockchain parsing tools.

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“This Celsius dox is one of the [most] egregious privacy violations in crypto history,” one individual wrote. “Many on this list may have their safety at risk. It’s more important than ever to maximize your digital security.”

The addresses of each user have been redacted and names were allegedly supposed to be redacted but the U.S. bankruptcy court trustee William Harrington objected to the requests that pressed for the customer’s names to be redacted as well.

Harrington claims that the bankruptcy case needs to be “open and transparent” and he also remarked that Celsius need to “demonstrate extraordinary circumstances and a compelling need to obtain protection to justify any such request.”

The filing is roughly 18.6 gigabytes of user data and in addition to a large number of customers, Celsius executives Alex Mashinsky’s, Dan Leon’s, and Nuke Goldstein’s trades are also present in the filing. The news follows the third-party data leak that took place on July 28 when Celsius disclosed a third party had access to customer data.

The latest court filing disclosure of 18.6 gigabytes of user data follows the finalized schedule for the Celsius bankruptcy sale. While the names of the customers are redacted, the crypto community is not pleased with Celsius and the bankruptcy court trustee’s decision.

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“Typically, when you dox you don’t get rugged. And on the other hand, when you get rugged you don’t get doxxed,” one user stressed on Twitter. “Celsius tier 1 sh** storm.”

Tags in this story

Alex Mashinsky, Bankruptcy, Bankruptcy Court, Celsius, Celsius CEO Alex Mashinsky, Celsius crypto lender, Celsius usernames, Chapter 11 Bankruptcy, court examiner, Court Filings, Court trustee, Crypto lender, Dan Leon, examiner, Finalized Sale, FTX CEO, Insolvency, judge Martin Glenn, Nuke Goldstein, reorganizing, Sale Hearing, Southern District of New York, William Harrington

What do you think about the court publishing the usernames and trading history stemming from Celsius customers? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Chiliz [CHZ] on-chain metrics to consider before going long this week

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Chiliz [CHZ] on-chain metrics to consider before going long this week

CHZ is among the cryptocurrencies that have delivered the most gains recovering from June lows. It just concluded a 25% retracement from its September highs. However, multiple signs including a new listing may allow the bulls to regain control.

CHZ demand tends to increase every time Chiliz lists a new fan token. If history repeats or rhymes, then we should expect a weekend rally.

This is because Chiliz just announced the launch of Atlas FC fan token.

📢 In 24 hours, we will list the @AtlasFC $ATLAS Fan Token on the Chiliz Exchange.

🗓 Tomorrow, October 6th
⏰ 14:00 CEST

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More info 👉 https://t.co/dgAvlXzw2T$ATLAS ⚡ $CHZ pic.twitter.com/gESE7OzGtW

— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) October 5, 2022

Chiliz also plans to launch another token (GFK fan token) next week and these launches may collectively trigger higher demand for CHZ.

These are not the only factors currently supporting a potential bullish sentiment. CHZ is currently positioned within a Fibonacci retracement zone that may act as a psychological buy zone.

The green Chiliz, please

CHZ bottomed out at $0.208 earlier this week after a 25% pullback from its $0.282 September peak.

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The weekly low is within the 0.382 Fibonacci retracement line. Note that this is after retracing from CHZ’s 2022 bottom to its recent top.

Source: TradingView

The Fibonacci line increases the probability of a bullish pivot at the current range. The downside in the last two weeks also resulted in a push below the 50% RSI level.

Well, the RSI is currently at a short-term support level, which further enhances the potential upside.

Source: TradingView

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CHZ’s on-chain flows may help provide more clarity regarding its short-term direction. Exchange outflows in the last 24 hours at press time peaked at 2.16 million CHZ. Meanwhile, exchange inflows peaked at 1.24 million CHZ during the same period.


Here’s AMBCrypto’s Price Prediction for CHZ


Source: Santiment

The exchange supply flow observation means there was a higher net outflow. In other words, there was more CHZ being bought than the amount of cryptocurrency being sold.

Still, on the matter of exchanges, CHZ’s supply held outside exchanges increased in the last seven days. This is a sign that demand has been leaning toward the bullish side.

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Source: Santiment

The same observation confirms that there was healthy demand for CHZ during the last seven days. On the other hand, the supply on exchanges declined during the same period. This is consistent with the bullish expectations and observed demand.

Moreover, the supply held by top non-exchange addresses increased slightly at the end of September. It remained relatively flat in the remaining days to the present.

Source: Santiment

The above metric confirms that whales have not contributed to selling pressure during the week.

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On-chain metrics confirm that exchange flows are currently in favor of some upside in the next few days.

This is in sync with the Fibonacci retracement line, hence there was an abundance of factors pointing towards this expectation.

However, investors should still exercise caution because unexpected market events may trigger some more downside.

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Michael is a full-time journalist at AMBCrypto. He has 5 years of experience in finance and forex and more than two years as a writer in the crypto and blockchain segments. Michael’s writing at AMBCrypto is primarily focused on cryptocurrency market news and technical analysis. His interests include motorcycles and exotic cars.

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