• On Monday, Dec. 2, a jury in Miami ruled in a civil case between Australian Craig Wright and the family of his deceased business partner, David Kleiman. Wright won the case cementing him as the elusive inventor of Bitcoin. The suit claimed that half of initially mined bitcoin worth $54 billion rightfully belonged to the estate of Kleiman. Wright was ordered to pay $100 million in damages for breach of intellectual property, but ultimately won his case. Although the court acknowledged Wright as the inventor of Bitcoin—pseudonym Satoshi Nakamoto—Wright himself has yet to prove that he is who he says he is. Many in the online community are doubtful of Wright’s claims and insist that Bitcoin can only successfully operate in a world where the identity of Nakamoto remains a mystery.
• Argo Blockchain, LLC has been performing numerous online interviews with the residents of Dickens County for employment at their new Helios facility. The turnout of highly qualified candidates has provided a large hiring pool for the limited available positions. The second round of interviews are currently being scheduled and performed virtually. Job offers are expected to be announced by the end of December.
• CEOs of six cryptocurrency companies testified in Washington on Wednesday, Dec.8, before the U.S. House Financial Services Committee. The hearing was held to educate lawmakers on the ins and outs of cryptocurrencies — and how to regulate them. These digital currencies currently have no federal regulatory framework. A new hearing is scheduled for next week as step toward legislation that works with regulators like the Securities and Exchange Commission and the Treasury Department.
• Bitcoin mining has totally recovered its hashrate from the Chinese crypto ban that took more than half the world’s miners offline earlier this year. (Hashrate is a term used to describe the computing power of all miners in the bitcoin network.) As of Friday, Dec. 9, industry website Blockchain.com shows that the network has completely bounced back from those loses, up about 113% in only five months.
• Despite oppositions from several U.S. senators, Whatsapp officially announced on Wednesday, Dec. 8, that it has begun testing a cryptocurrency digital wallet feature. The aim of this function is to provide trouble-free money transfers to family and friends. The transaction would be as simple as sending a text message. This feature is currently available only for a small test group.
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