This week saw another twist in the Craig Wright saga, LocalBitcoins move away from anonymous trading with its new KYC/AML requirements, Shopify welcome the Lightning Network and Chainalysis assert that not as many bitcoin as some people think are connected to illicit services.
Craig Wright Suffers Loss
Craig Wright, one of the most infamous names in crypto, has been embroiled in a high-profile legal case for the last 30 months with the estate of his deceased business partner David Kleiman.
In the wake of several court filings, things took a rather dicey turn for the self-proclaimed Satoshi Nakamoto. Wright was ordered by a federal judge to turn over half of the bitcoin he held prior to 2014 to the plaintiff, Ira Kleiman, the brother of David Kleiman. If Wright actually holds the BTC he says he does, this would reportedly be worth around $10 billion.
Chainalysis Decodes the Difference Between Crypto Mixers and Criminals
There has been some controversy about the role of cryptocurrency mixing services over the years, with many believing that they serve as a tool for criminals that want to evade authorities.
However, blockchain startup Chainalysis has brought some clarity to that question. In a report titled “Cryptocurrency Typologies: What You Should Know About Who’s Who on the Blockchains,” Chainalysis found that about 8 percent of the mixed coins are actually stolen, while only 3 percent have been used on the dark web. It added that almost half of all mixed coins are sent from exchanges — 40 percent from traditional exchanges, and 7.7 percent from peer-to-peer exchanges.
Shopify Merchants Can Now Offer Lightning Payments
Shopify is the latest online platform to provide integration for Lightning payments.
