A long-time maintainer of the Bitcoin.org website, created by Satoshi Nakamoto, has warned the website is “in danger of being compromised” after one of its current co-owners removed his access to it.

Cryptocurrency exchange Kraken has sent a $150,000 grant to open-source bitcoin payment processor BTCPay.

Grayscale Ethereum Trust (ETHE) has seen its price plunge over 50% from its June high, while the price of its underlying cryptocurrency ether has been performing well.

Top stories in the Crypto Roundup today:

• Bitcoin.org in ‘Danger of Being Compromised’ Says Long-Time Maintainer
• Kraken Sends $150,000 Grant to Bitcoin Payments Processor BTCPay
• Grayscale Ethereum Trust Plunges Over 50% From Its June High

At the time of writing, bitcoin (BTC) is trading at $9,139.29 (-1.76%) with a daily Top Tier volume of $2.28 bn. As for ether (ETH), it is trading at $229.51 (-2.02%) with a daily Top Tier volume of $579.55 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,076.34 (-1.92%).

Bitcoin.org in ‘Danger of Being Compromised’ Says Long-Time Maintainer

Will Binns, a long-term maintainer of Bitcoin.org, the website originally registered by Bitcoin creator Satoshi Nakamoto, has warned the cryptocurrency community he believes the website is in “danger of being compromised,” as Bitcoin.org co-owner Cobra Bitcoin has removed his access to the website.

Binns wrote on GitHub:

Bitcoin.org, where many people also download the latest version of Bitcoin Core software, is now in danger of becoming compromised, if it hasn't just happened. @Cobra-Bitcoin has removed my access and seized control of the site and accompanying code repositories.

The website has changed hands numerous times after being left by Satoshi Nakamoto. Cobra Bitcoin has been overseeing it for the past several years, but earlier this year announced he was reducing his involvement in the website and will leave it “in trusted hands.”

To Binns, Cobra did not have the right to remove his access without just cause, as he is not “the sole and lawful owner” of Bitcoin.org. Cobra reportedly removed him over inadequate works, which Binns claims are false accusations.

Binns added in his post he believes Cobra “is looking to illegally transfer ownership of the site without due process, and this may only be the beginning.” The goal os his post was to garner community support in an effort to pursue legal action.

Kraken Sends $150,000 Grant to Bitcoin Payments Processor BTCPay

Cryptocurrency exchange Kraken has sent a $150,000 grant to open-source bitcoin payments processor BTCPay, according to an announcement from the firm.

The grant was received and is being held in bitcoin, and is the largest one BTCPay has received to date. Kraken has also launched a BTCPay Server integration on Cryptowatch, their premium trading terminal that provides real-time cryptocurrency market data.

The open-source crypto payments processor is set to use the grant to improve its interface and provide developers with a “Swiss-knife type of stack that can help anybody in building a Bitcoin business with ease and versatility on top of BTCPay Server,

The grant will also be used to increase its number of plugins and other integration tools. The announcement also details BTCPay is working to release its exchange integration plugin BTC Transmuter.

Grayscale Ethereum Trust Plunges Over 50% From Its June High

The price of the Grayscale Ethereum Trust (ETHE), which invests in the second-largest cryptocurrency by market cap ether, has plunged over 50% from its June high, even though the price of Ethereum has been on the rise.

According to Bloomberg, Coin Metrics co-founder Nic Carter claimed the decline could be attributed to accredited investors liquidating their holdings after their mandatory 12-month lockup for investments in the fund.

The Grayscale Ethereum Trust was, per carter, at an 800% premium before plummeting, Grayscale’s website shows one share has 0.09387746 ETH (about $22), but data shows they are trading at a little under $100 each. While ETHE went from under to an $83 low before recovering this week, ether itself went from $227 to a $250’ high, before dropping back to the $230 mark.

Grayscale’s assets under management surpassed the $4 billion mark earlier this month. In a statement to Bloomberg, a Grayscale spokesperson said the firm “does not control the prices at which our investment products trade in the public market but are instead subject to market forces.

Flipside Friday

The Flipside Crypto Disparity Ratio is a tool helping you find out which cryptoassets are under and overvalued. The crypto disparity ratio scores cryptoassets based on market capitalization and FCAS ratings, with a score over 1 showing it’s undervalued, and under 1 showing it’s overvalued.

POA Network (POA), a public sidechain based on the Ethereum protocol that will use Proof-of-Authority and allow organizations to build their own networks in their own validators and allow developers to deploy decentralized applications, tops the undervalued list with a score of 1.64.

XYO, an ERC-20 token used for a decentralized network of devices that anonymously collects geospatial data, comes next with a score of 1.44. It’s followed by the Raiden Network (RDN), an off-chain scaling payment solution to perform ERC20 compliant token transactions, at 1.34.

At the bottom comes Storj (STORJ), a decentralized cloud storage platform that allows anyone to rent their idle hard drive space and earn revenue with it.

On the overvalued side we have the DxChain Token (DX), the world’s first decentralized big data and machine learning network powered by a computing-centric blockchain, at 0.3. It’s followed by Huobi Token (HT). an ERC-20 token that allows users to receive a discount on fees at the Huobi exchange, among other advantages.

Next comes Monacoin, the once-popular cat meme cryptocurrency which has even been used to buy land in 2014, at 0.36.  It’s followed by Crypterium (CRPT), a cryptobank platform that leverages the ETH blockchain to provide an instant processing engine for fiat and crypto-based transactions.

State of the Crypto by Top Tier Exchange Volume

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