Crypto helps Australia, while India is fighting against the crypto ban and more. The latest events of the week of January 13-19 by BTCMEX.

Craig Wright can’t be Satoshi

The information that Craig Wright doesn’t possess Satoshi Nakamoto’s Bitcoin private keys was revealed on January 18 by his lawyer. The keys can be used to spend $ 8billion of BTC mined by Satoshi.

Earlier this week, Wright claimed he had received information with thousands of public Bitcoin addresses. That information didn’t contain private keys, said, the lawyer, Andres Rivero.

Bitcoin Futures to Rule the Market

Open interest in Bitcoin derivatives trading set a new record of $25 billion – the most since October – reported Skew Markets.

According to the CME Group data, January 16 open interest capped at 5,328 contracts – or 26,640 BTC ($237 million). Financial investors see 2020 as a promising year for Bitcoin derivatives trading and institution adoption.

Future of Crypto in India is uncertain

From January 14 to January 16, the Supreme Court of India had three hearing on the case against the country’s central bank’s ban of cryptocurrency. “Banning of Cryptocurrency & Regulation of Official Digital Currencies” – intends not only to impose a complete ban on the use of crypto in India but also to establish the foundations for a state-backed Digital Rupee issued by the Reserve Bank of India.

The latest hearings were focused on arguments presented by Ashim Sood, the legal counsel for the Internet & Mobile Association of India (IAMAI). The Association is fighting for crypto rights and expresses the point that digital assets should rather be regulated than banned.

Hamas Terrorists found using Crypto

Cryptocurrencies have always been associated with illegal activities due to transaction anonymity and high speed. A new study by Chainalysis finds that terrorists are refining their financing operations using cryptocurrencies. 

On January 17, blockchain analysts announced terrorists from the Palestinian military group Hamas are using cryptocurrency to aid their activity. Izz ad-Din al-Qassam Brigades, a part of Hamas was accepting anonymous bitcoin donations.

Crypto users help Australia

2020 started with devastating bushfires for Australia. Crypto exchanges, social and mass media influencers, and cryptocurrency activists united in the “Crypto for Australia” movement to help the burning continent.

Dozens of people died, half a million wild animals were burned, many homes are already destroyed. “Every little bit helps”, say numerous posts that encourage crypto holders to donate, with Bitcoin and altcoin wallets’ addresses provided.

Many companies are involved in crypto donations. Crypto-philanthropy is gaining more trust, transparency, and accessibility.

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