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Craig Wright’s Twitter account suspended after threatening harassment and libel lawsuits




Source: Pixabay

Craig Wright, Founder of nChain and vocal proponent of Bitcoin SV, disappeared from Twitter after the recent episode involving alleged harassment, lawsuits and copyright infringement.

The self-proclaimed creator of Bitcoin was attacked by trolls on Twitter, after he announced his intention to sue anybody making false claims or harassing or copying his tweets.

Following the Twitter storm, many troll/spoof accounts were created. One such notable account was Fake-toshi Bot, an account that reproduced Wright’s tweets. Wright had previously responded to such bot accounts with the threat of legal action.

A Twitter user, @big_blockers, also came forward to inform the Twitterverse that Jihan Wu, the founder of Bitmain, was now following the parody account as well. Roger Ver and Jihan Wu previously had a strong disagreement with Craig Wright and Calvin Ayre during the hard fork of Bitcoin Cash.

However, soon, the issue became one of ‘disappearance,’ as Wright’s Twitter account was found offline. Twitterati soon joined in to comment on Wright’s disappearance, with @WhalePanda tweeting,

“Fraud/scammer puts a lot of time and effort into getting 70k followers on Twitter. Gets annoyed with bots. Tries to use protected tweets but the bots follow him so has no effect. Mr Fraud is desperate and doesn’t understand how this tech works. Then he finds the ultimate solution”

@NeerajKA, a popular cryptocurrency enthusiast, tweeted,

@hodolnaut tweeted,

“As a tribute to Craig Wright being a fraud, I’m going to make next week ‘Craig Wright is a fraud week’, and tag all my tweets with #CraigWrightIsAFraud
Feel free to join the celebration. 🙏”

Craig Wright’s Twitter account, at the time of writing, was suspended, suggesting that it could either have been reported by multiple users, or Wright must have deleted his account.

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


Bitcoin [BTC] surges above $5,500 and breaks major resistance level; collective market rises




Bitcoin [BTC] surges above $5,500 breaking major resistance level; collective market surges
Source: Pixabay

Bitcoin [BTC] broke out of its sideways trend that saw coins fall after a brilliant start to April. This “break-out” is especially significant since it came days after the coin was trading sluggishly, pulling the market cap below $175 billion.

After breaking the $5,200 level on April 16, the coin held steady, showing no noticeable dips. However, it also began losing the momentum it had gained when it rose by 15 percent on April 2. Many saw the past week as Bitcoin losing steam, opining that a drop to as low as $4,000 would manifest. This pessimism coupled with the delisting dilemma saw the global market decline by 3.31 percent over the past weekend.

Given this backdrop, the present Bitcoin price incline was even more bullish for the collective market. Further, this was not just an effort to shrug off “sideways bears,” but instead, two key levels were broken in order to usher a collective market rise and sustain BTC bullishness.

Source: Trading View


The first, as indicated by eToro’s senior market analyst Mati Greenspan, was the resistance level of $5,350. When Bitcoin began to consolidate following the early April high, Greenspan stated that if the BTC price were to punch above the aforementioned level, it “would likely serve as confirmation that we’re pushing higher and will lead to further buying pressure.”

Greenspan stated that the $5,350 level acted as a major support level throughout 2018. Hence, it is incredibly important that Bitcoin surge above it in the next rise to consolidate buying pressure. Another important point to signal the coming of a bullish market was the 200-day moving average which Bitcoin has stayed above since the April 2 rally.


The other significant level for the collective market is Bitcoin’s ascendance over $5,500, which it managed courtesy of this rally. Many, including Greenspan, pegged $5,000 as a key psychological level for the coin and hence, the rise above $5,500 less than three weeks after $5,000 was broken will bring back optimism to the BTC market.

Further, as was seen in the April 2 rise, the Bitcoin pump resulted in the king coin increasing its market dominance. At the close of March, Bitcoin was edging closer to losing the majority. However, the rally saw its share increase to 52.4 percent within a day. Following this recent 4.61 percent increase against the US Dollar, the king coin’s dominance increased to 53.2 percent.

Given the elasticity of the collective market to changes in Bitcoin’s price, the market was awash in green as Bitcoin broke the resistance and psychological levels. Amid this bullish charge, some coins stood out for their above-average gains, which included Bitcoin Cash [BCH], Cardano [ADA], EOS [EOS], Litecoin [LTC], and the exchange-ousted Bitcoin SV [BSV].

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