Chain News Daily Official TheBitTimes.com

A British man has said he’s not guilty of fraud after allegedly convincing an investor that he’s Bitcoin’s creator, Satoshi Nakamoto. According to the Standard, the alleged victim says that Stephen Nour Mollah, 58, “dishonestly” led him to believe that he’s Satoshi Nakamoto from November 2022 to October 2023. He apparently claimed to be in possession of 165,000 bitcoins in Singapore — worth up to $5 billion during that timeframe. Mollah faces a single charge of fraud along with an accomplice, 67-year-old Charles Anderson, in a private prosecution in London. Did you know? Satoshi Nakamoto is the director of Coinbase, CoinDesk, and Mt. Gox Satoshi Nakamoto’s identity has been the subject of speculation for years. HBO’s latest documentary claimed to have identified Satoshi as former bitcoin developer Peter Todd. Hours before its release, however, Todd publicly denied it was him. The answer was in front of our face all along. Sato...

According to the developers, the soulbound credit score system uses over 10,000 data points to determine a Web3 user’s creditworthiness. Masa Finance has launched the first soulbound identity protocol for the Ethereum mainnet, according to a Jan. 17 press release shared with Cointelegraph. The protocol will allow for standardized soulbound tokens to be minted on Ethereum for Know Your Customer verification, credit scores and other use cases. Soulbound tokens are tokens that cannot be transferred from one wallet to another. The concept was popularized via a blog post from Vitalik Buterin, who argued that these tokens could be used to signify governance rights for decentralized finance (DeFi) protocols or to prove that a person has attended an event. Speaking to Cointelegraph, Masa Finance founders Brendan Playford and Calanthis Mei argued that soulbound Tokens will expand opportunities for DeFi users to build credit and get loans. Mei explained it as such: “We want to help people tap ...