The new year has just begun but has already caused a stir with Dr. Criag Wright, the famous Bitcoin SV [BSV] proponent taking a dig at Bitcoin [BTC]. Wright took to Twitter on January 2 and accused Andreas Antonopoulos, a Greek-British Bitcoin proponent of advocating false notions about Bitcoin [BTC]. Wright wrote on his Twitter:
“Word of warning! The renowned shitcoin expert Andreas Antonopoulos is as far as anyone can come to understanding Bitcoin. The only thing correct… how to spell Bitcoin. If you want to learn bitcoin, blockchain Avoid the anarchist priests Sorry. Nothing he tells you is right”
Wright continued to accuse the entire Bitcoin ecosystem of being a Ponzi scheme which is against the banks and government. The BSV proponent added on the Twitter thread:
“These guys have an idea of what they want as a system. It is anti bank, anti gov and based on scams, ponzis and get rich yesterday schemes. The best they understand are bucket shops and cons. Luckily. Bitcoin is designed so all these fools spin their wheels on dead ends …”
Wright further added:
“… like lightning ans proof of stupid.(stake) Bitcoin… Is proof of work It is capitslism It is rule of law A PUBLIC immutable evidence based ledger”
This is not the first time Wright has taken a hit at Bitcoin. Wright had previously claimed to be the one behind Satoshi Nakamoto pseudonym. Since then, Wright has been promoting Bitcoin SV [BSV] as the “true Bitcoin” and trashing Bitcoin [BTC] along with Bitcoin Cash [BCH].
However, Wright does not only dislike talking about Bitcoin but also other coins as according to him only BSV is the original Bitcoin. Wright tweeted:
“If you want my opinion on any “coin” that is NOT the original bitcoin. You are blocked. That is my opinion. You are an idiot even trying to ask me about these scams.”
76467|Ripple partner SBI Holdings announces foray into mining space; will compete with giants Nvidia and Bitmain
SBI Holdings, Inc. announced the establishment of its chip mining arm, the SBI Mining Chip Co., Ltd or SBIMC. With this development, the Tokyo-based firm will foray into the manufacturing of mining chips, a strategic move to enhance its existing digital asset business.
The official notice issued by the financial giant stated that the SBI Group practiced its digital asset mining business overseas, and now planned to diversify its potential business scope.
SBI group partnered with a US-based semiconductor firm to roll out the new manufacturing unit. The group, which is a strong advocate of a wide range of businesses based on blockchain elucidated,
“The SBI Group will promote efficient, reliable and sustainable mining operations to develop a sound and solid cryptocurrency market.”
SBIMC will be led by Adam Traidman, who was an investor in the company and also served at NASA previously. Among his many accomplishments, Traiman formerly served as the CEO in Chip Estimate and WearSens.
SBIMC will be leading chip manufacturer, Nvidia’s latest competitor. The Taiwan-based firm sustained losses during the crypto-winter, but it recovered after the recent acquisition of Mellanox, a semiconductor player. The Bitcoin mining giant, Nvidia, had predicted a bullish crypto market was confident of clearing its stockpiled mining equipment. The chipmaker was also reported as the worst performer in the S&P 500 list, at the end of 2018.
Another big rival in the mining ecosystem is Bitmain. The Beijing-based mining giant has also been operating poorly after registering a loss amounting to $500 million, owing to the massive crashes in cryptocurrency prices.
76216|Anthony Pompliano’s Morgan Creek Digital Capital makes strategic investment propagating mass crypto adoption
The cryptocurrency market was helped along in its pursuit of mass adoption, with many proponents of the space lending a helping hand. The latest news about the bigger players in the cryptoverse included the tie-up between Morgan Creek Digital Capital and Ikigai Asset Management.
The official release stated,
“Morgan Creek Digital announced today that it will be the lead anchor investor in Ikigai Asset Management’s flagship fund focused on executing systematic and fundamental liquid hedge fund strategies as well as opportunistic venture-stage crypto asset investments. Ikigai is a crypto asset management firm launched in December 2018 by former Point72 Portfolio Manager Travis Kling and partners Timothy Lewis, and Anthony Emtman.”
Morgan Creek Digital partner, Anthony Pompliano, is a voracious supporter of Bitcoin, and has held a bullish viewpoint about the world’s largest cryptocurrency. Post the partnership with Ikigai, Pompliano talked about the company’s positive devleopments, and claimed that they were well-positioned to capture the outstanding returns brought by cryptocurrencies in the coming future.
Ikigai Chief Investment Officer Travis Kling said,
“DLT and crypto assets are fundamentally changing our world. We are honored to receive this investment from Morgan Creek Digital and look forward to working closely together with Mark, Jason, and Pomp in this exciting arena.”
Pompliano recently sat down with Galaxy Digital’s Mike Novogratz to discuss elements like liquidity, trust and custody that need to be given a boost. Novogratz stated that the cryptocurrency market was presently a booming place of business, especially with the entry of companies like JP Morgan, Telegram and Facebook. He further claimed that it was a big opportunity to invest, with Wall Street sentiments changing. The Galaxy Digital CEO added,
“Wall street earlier thought that you shouldn’t take risks on something small like cryptocurrencies. They are getting close though, not doing anything but are getting really ready. We are anyway working hard on the security token business and I promise you this, the upcoming tokens and ICOs will be a lot bigger but less sexy.”
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