Craig Wright Receives Suspended Sentence for False Claims of Being Bitcoin Creator

Australian computer scientist Craig Wright, known for falsely claiming to be Bitcoin’s inventor Satoshi Nakamoto, was found in contempt of court by the U.K. High Court and given a one-year suspended prison sentence. Wright violated an order to stop asserting he was Nakamoto and pursuing legal actions based on the claim. Justice James Mellor also ordered him to pay £145,000 in costs, citing Wright’s extensive lies and use of forged documents in court. Wright’s claims were definitively rejected in March, with the court ruling he is not Nakamoto, did not create Bitcoin, and has no related intellectual property rights.

Cathie Wood predicts Bitcoin will surpass $1 million by 2030, citing scarcity advantage over gold

ARK Invest CEO Cathie Wood reaffirmed her bold forecast that Bitcoin will surpass $1 million by 2030, highlighting its unique scarcity advantage over gold. She explained that while rising gold prices typically lead to increased mining activity and a higher supply, Bitcoin’s fixed supply cap ensures its scarcity remains intact, making it a superior store of value.

Tether to Launch AI Platform by Q1 2025, Expanding Beyond Stablecoins

Tether, the company behind the $140 billion USDT stablecoin, plans to debut an artificial intelligence platform by early 2025, according to CEO Paolo Ardoino. This move reflects Tether’s broader expansion under Ardoino’s leadership into sectors like energy, payments, telecommunications, and AI. Tether has previously invested in AI-focused firms like Northern Data, signaling its interest in the growing intersection of crypto and artificial intelligence. Further details on the platform remain undisclosed.

Resources:

Fortune

Bloomberg

CoinDesk