Bitcoin News Summary – September 2, 2019

 

The trial between the self-proclaimed creator of Bitcoin, Craig Wright, and the family of his former partner, Dave Kleiman, was concluded this week. The judge found that Wright lied in his testimony and falsified evidence. The judge further ordered Wright to transfer 410,000 bitcoins thought to be mined by Satoshi, to Kleiman’s estate. It is highly unlikely that Wright will be able to comply with this order.

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has launched a lending business. Initially, users will be able to lend their U.S. dollar-pegged USDT, ethereum classic (ETC) and Binance’s BNB cryptocurrency in order to earn interest.

Portugal’s tax agency published its latest ruling which states that crypto trading and income are exempt from taxation. The Tax Authority revealed the news in response to a question coming from a company interested in mining cryptocurrency. This move is likely to attract crypto users and companies to Portugal.

Canadian e-commerce giant, Shopify, which provides its payment platform to over 800,000 businesses across the globe, has adopted Lightning Network payments. Shopify is using a software plug-in developed by OpenNode to process Lightning payments.

Cielo, which provides credit card services and nearly one and a half million point-of-sale terminals across Brazil, announced that it is integrating Bitcoin transfers into its terminals. In October, the company plans to also accept crypto payments via its new mobile app.

That’s what happened this week in Bitcoin. See you next week. 

 

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