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Peter McCormack gets an updated letter from Craig Wright’s solicitors

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Peter McCormack gets an updated letter from Craig Wright's solicitors
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Peter McCormack, the host of What Bitcoin Did, was one among the people sued by Craig Wright for “harassment and libel”. Wright’s legal attack began with Hodlonaut, a prominent Twitter personality and moved on to others in the crypto community. However, McCormack has received an update of the legal notice for this.

McCormack tweeted:

“The following is the latest letter from his solicitors of Craig Wright. Based on the copyright news yesterday, it is very clear their game plan. I have until Friday to make a decision. Not contesting this is an option but in no way will I read a statement in court as they want.”

The letter received stated:

“You did not acknowledge service, or serve any defence or admission, by Thursday’s deadline (16 May 2019). Our client is therefore entitled to apply under Part 12 of the CPR to request that an order for judgment in default be entered against you. In the event that he obatins such an order, our client will be entitled to apply to the court for (a) an assessment of the damages that you must pay to him, (b) an injunction, (c) an order permitting a statement to be read in open court.”

In addition, the letter also outlined that libel litigation would not be straightforward since McCormack does not have lawyers acting for him. Moreover, the letter added that “our client does not want you to be put under unnecessary pressure”.

McCormack replied to one of the comments:

“I might not contest it. Not sure I want to give him the satisfaction.”

Ran NeuNer, the host of CNBC’s Crypto Trader, commented:

“Bro, you came out guns blazing saying you would fight this until the end! You rallied all of Crypto twitter to get behind you in this. Now you considering not contesting it? Is this what they teach you in Bedford.🤣”





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Binance Chain testnet undergoes ‘Galileo’ update via hardfork; mainnet to follow suit

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Binance Chain testnet to receive 'Galileo' update via a hardfork; mainnet to follow soon
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Binance Chain’s testnet underwent a hardfork today at block height 24,020,000, at around 2019/06/26 7:00 AM (UTC). The new update will have various bug fixes, improvements to the existing chain, and is expected to improve on-chain performance.

The new announcement details all the features the new update will include for DEX users, or any exchanges that list BNB, or run a client. The BNB blockchain will provide validators access to create a “delist protocol” and vote on delisting trading pairs that have very little volume for a long time via governance.

The Galileo update will also provide a “Time Locking” feature for token assets, while also improving the Match Engine in Binance DEX, which according to the blog is “not optimized in some cases.” The complete list of changes is available for users to read in the changelog.

The testnet changes will be followed by changes on the mainnet. The blog added,

“Binance Chain Mainnet will also be undergoing an upgrade a few weeks later (please stay tuned with the later announcement).”

Additionally, Binance also announced the launch of Binance 2.0 for everyone, which also includes the margin trading feature on Binance. The Binance 2.0 has the website revamped, with the old one being decommissioned soon.

While some users complained that there were problems depositing USDT, others complained that margin trading feature was still not available.

A Twitter user, @rallyqt, commented,

“- Galileo upgrade
– Margin
– Binance stable coin
– Binance DEX
Keep building & piecing the Binance ecosystem together! 🧩
@cz_binance, how many users signed up for Binance this year? Alt fomo season starts when exchanges have to temp close due to an influx of users haha 😉😊”

CZ replied,

“We have increased our registration capacity in anticipation of this, a year ago. It should work, in theory, let’s see what happens. 😂
Registrations are definitely picking up speed.”





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