This Week in Bitcoin Courtroom Drama

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Get your popcorn at the ready as we prepare to chew over the highlights from This Week in Bitcoin and a series of potential courtroom dramas unfolding. Scroll Down for More

The biggest winners in cryptocurrency this week seem to be the lawyers, News suggests – unless you’re one of the attorneys the SEC is reportedly chasing for issuing dubious advice to ICOs. The number of crypto startups subpoenaed by the SEC could be anywhere from a dozen to 80 depending on who you believe.

Techcrunch founder Michael Arrington is confirmed to be one of the lucky winners of an SEC subpoena.

Also on the SEC front, Poloniex exchange is being bought by Circle – possibly with the approval of the SEC, if the contents of a leaked slide from a Circle employee is accurate.

As far as class action suits go, one of the biggest exchanges, CoinBase, has been accused of insider trading by a group of individuals. 

The 18-page lawsuit filing accuses the exchange of tipping employees a month prior to the official launch of bitcoin cash (BCH) on December 19, 2017.

An individual named Jeffrey Berk and others similarly situated have filed the class action.

Then of course there was the story involving Mr. Satoshi himself, Craig Wright. 

From News:

The Craig Wright case has got it all – stolen bitcoins, billions of dollars at stake, Satoshi Nakamoto, forged signatures, fake wallets. The lawsuit, should it come to court, is sure to provide high entertainment for everyone captivated by the sideshow that is Craig Wright and his claim to have been Satoshi Nakamoto, even though technically that’s not what this case is about.

All of this has prompted the News to make a bold prediction: "As the value of crypto assets continues to escalate, it’s inevitable that there will be more cases of this nature, and indeed of every conceivable nature".

- Aaron Goldstein,

Business/Financial News

Canada Tech Entrepreneur Bashes Bitcoin Cash Before Committee, Reddit Community Furious

Speaking before Canada’s House of Commons Standard Committee on Finance Tuesday, Canadian entrepreneur Jonathan Hamel warned: “Pay close attention, other cryptocurrencies are downright scams, like BCash [Bitcoin Cash (BCH)].”

Abra Wallet Adds Support for Bitcoin Cash, Other Cryptocurrencies

Abra Wallet Adds Support for Bitcoin Cash, Other Cryptocurrencies

Abra Wallet is the latest platform to incorporate the 4th most popular digital coin Bitcoin Cash.  The Abra app is available for both Android and iOS devices. 

Hardware Cryptocurrency Wallet Demand Grows in South Korea

Hardware Cryptocurrency Wallet Demand Grows in South Korea

According to local reports in South Korea, demand for hardware wallets is increasing exponentially. The demand has stemmed from attempted hacks last year against domestic trading platforms like Upbit and Bithumb.

Alt-Coin Bear Market Largely Over Claims Expert

Alt-Coin Bear Market Largely Over Claims Expert

Speaking to Bloomberg News Tuesday, Fundstrat Global Advisors LLC suggested that the alt-coin bear market is mostly over and this is illustrated with his firm’s measure of alt-coins showing a sharp 75 percent decline in the group over the past 64 days.

eSports Reward Token (ERT) to be Listed on HitBTC Exchange, ambitious project to become the leader in the eSports industry, announces its token issuance on one of the top CryptoCurrency exchanges, HitBTC (