The third week of COPA v Wright saw individual COPA members put on the stand in front of Justice Mellor. This was Mellor’s first chance to see the true extent of the circus that has dedicated itself to attack Dr. Craig Wright and his status as the inventor of Bitcoin.
Speculations arose when Meta decided to drop out of COPA quietly, but even member of the alliance, Steven Lee, could not give a concrete answer behind the reason when grilled during the Satoshi trial.
In the latest charges against COPA members, Kraken was charged by the SEC on November 20 over illegally selling digital asset securities and comingling customer and corporate funds.
Coinbase customers are complaining about their accounts being closed without any explanation; complaints include quotes from Coinbase that refuse to divulge the justification behind the closures.
On March 23, Hindenburg Research issued a lengthy report on how "inflated user metrics and 'frictionless' fraud facilitation enabled [Block] insiders to cash out over $1 billion."
Despite claiming that its overall revenue in Q4 is 'relatively consistent' from Q3, figures show that it was a tough time for the Block, with its losses amounting to $114 million by the end of 2022.
Jack Dorsey’s Block—a founding member of Crypto Open Patent Alliance—has been forced to cite one of Dr. Wright’s foundational blockchain patents in one of their own recently-approved smart contract patents.
Legal counsel for Block sent letters to Bitcoin.com in July and August 2022 informing the company it was infringing on trademarks under German law, according to reports.
Block's gross profits rose 38% to $1.57 billion, but expenses rose by nearly one-half, resulting in a net loss of $18.7 million, significantly worse than the $3 million loss in Q3 2021.
MicroStrategy's three-month revenue suffered a 2.1% slump from last year as the BTC token, which founder Michael Saylor heavily bet on, found itself in the doldrums following an epic 'crypto' crash.
According to reports on October 25, Block had tapped Perry Hothi, former chief technology officer for Argo Blockchain PLC, to help spur Block’s BTC mining ambitions.