The pseudonymous co-owner of the Bitcoin.org website has been ordered by London’s High Court to stop hosting its copy of the Bitcoin white paper over a copyright infringement brought forward by self-proclaimed Satoshi Nakamoto Craig Wright.

Nasdaq-listed cryptocurrency exchange Coinbase is rolling out a cryptocurrency savings product allowing its users to earn 4% annual percentage yield (APY) lending out their USDC coins.

A new startup backed by Andreessen Horowitz and the venture capital arm of Coinbase is planning on distributing cryptocurrency to every person on earth in exchange for an eyeball scan.

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Top stories in the Crypto Roundup today:

• Bitcoin.org Ordered to Stop Hosting Bitcoin White Paper Over Craig Wright Lawsuit
• Coinbase Launches USDC Savings Product With 4% APY
• A16z-Backed Firm To Distribute Cryptocurrency In Exchange for an Eyeball Scan
• Daily Movers – ETC, FIL, WAVES
• Sponsored: Crypto.com - The World’s Fastest Growing Crypto App

Bitcoin.org Ordered to Remove Bitcoin White Paper Over Craig Wright Lawsuit

The pseudonymous co-owner of the Bitcoin.org website has been ordered by London’s High Court to stop hosting its copy of the Bitcoin white paper over a copyright infringement brought forward by self-proclaimed Satoshi Nakamoto Craig Wright.

The judge ruled a default judgment because Cobra did not make an appearance. Wright’s representation, Ontier LLP, revealed the court also ordered Bitcoin.org to publish a copy of the court’s order while an inquiry will be established to determine the damages caused by Cobra against Wright.

Judge David Hodge, QC issued an injunction prohibiting Cobra from infringing on Wright's copyright in the U.K. Bitcoin.org is an open-source website first registered by Bitcoin’s first two developers, Satoshi Nakamoto and Martti Malmi, and has been dealing with a number of legal threats over the last few months.

Wright has claimed to be Nakamoto himself and claims he wrote the Bitcoin white paper. Since at least the start of the year, Bitcoin.org said it believes Wright’s claims are “without merit” and refused to take it down.

Ontier claimed Wright did not wish to restrict access to “his” white paper, but instead did not agree with its use by supporters and developers of “alternative assets.” Wright, it’s worth noting, supporting Bitcoin SV.

Coinbase Launches USDC Savings Product With 4% APY

Nasdaq-listed cryptocurrency exchange Coinbase is rolling out a cryptocurrency savings product allowing its users to earn 4% annual percentage yield (APY) lending out their USDC coins.

The savings product isn’t FDIC- or SIPC-insured and works the same way numerous other cryptocurrency lending products do, with some offering up to 8% a year. Coinbase’s offering has a comparatively lower yield because it won’t lend to “unidentified third parties.”

Coinbase, which administers the USDC stablecoin in partnership with Circle through the CENTRE Consortium, has claimed the offering is safe. Its eligible users in the U.S. can now pre-enroll for the product.

A16z-Backed Firm to Distribute Cryptocurrency in Exchange for an Eyeball Scan

A new startup backed by Andreessen Horowitz and the venture capital arm of Coinbase is planning on distributing cryptocurrency to every person on earth in exchange for an eyeball scan.

The company, Worldcoin, was co-founded by Sam Altman, former head of Silicon Valley business incubator Y Combinator. Among its plans, the company is creating an orb-shaped device that would scan a person’s iris to construct a unique personal identifier.

According to Altman, the goal is to use cryptocurrency to spread money around equitably, inspired by the economic theory behind universal basic income. Altman said:

“I’ve been very interested in things like universal basic income and what’s going to happen to global wealth redistribution and how we can do that better. Is there a way we can use technology to do that at global scale?”

Worldcoin aims to create “a new global digital currency that will launch by giving a share to every single person on earth,” and according to its other co-founder Alexander Blania could help improve access to financial systems.

Daily Movers – ETC, FIL, WAVES

Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Ethereum Classic (ETC) - Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. In 2017, a fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.

Filecoin (FIL) - Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients.

Waves (WAVES) – Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions, aiming to raise the security, reliability and speed of IT systems. It enables anyone to build their apps, fostering mass adoption of blockchain, with a wide range of purpose-designed tools for making the process of developing and running dApps easy and accessible.

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