Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

What You Need to Know About Delayed Updates

11/09/2025

ETH to $5,000 Cancelled? Key Market Signal Just Emerged

11/09/2025

Bitcoin and the crypto market braced as economist warns on the Fed cuts

11/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    ETH to $5,000 Cancelled? Key Market Signal Just Emerged

    11/09/2025

    Ethereum Rebound in Doubt as $570,000,000 Exit ETH Market

    11/09/2025

    Is Price About To Suffer?

    11/09/2025

    Details of Ethereum Founder Vitalik Buterin’s Wealth Emerged – Here Are His ETH and Other Assets

    11/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT Social Engagement Soars as LINK, PENGU, and APE Dominate Rankings

    11/09/2025

    Tokenized Pokémon Cards Are Hot. Lending Them for Crypto Is a Different Story

    10/09/2025

    Ordinals Scrapyard turns Bitcoin NFT wreckage into tax write-offs

    09/09/2025

    OpenSea Makes Big Moves in Final Sprint to $SEA

    09/09/2025

    What You Need to Know About Delayed Updates

    11/09/2025

    ETH to $5,000 Cancelled? Key Market Signal Just Emerged

    11/09/2025

    Bitcoin and the crypto market braced as economist warns on the Fed cuts

    11/09/2025

    Bitcoin’s Computing Muscle Hits 1,027 EH/s Benchmark, But Hashprice Shrinks 8.39%

    11/09/2025
  • Blockchain

    What You Need to Know About Delayed Updates

    11/09/2025

    Ta-Da Joins Forces with Neurolov to Empower AI with Decentralized Browser Compute

    11/09/2025

    KuCoin Web3 Teams Up with Switchboard to Enhance Oracle Solutions on Solana

    11/09/2025

    Novastro Taps Terminus to Integrate Tokenized Assets and Real-World Payments Across APAC

    11/09/2025

    Nepal protests drive spike in Bitchat downloads

    11/09/2025
  • DeFi

    Aave Cumulative Revenue Soars Past $200M: A Milestone Achievement

    11/09/2025

    Circle and Tether bug bounties aren’t enough says LlamaRisk

    11/09/2025

    DeFi platform Salus brings critical minerals to IOTA chain

    11/09/2025

    Finery Markets Brings Institutional Investors Into DeFi With Yield.xyz Integration

    11/09/2025

    Empowering Stablecoin Integration with USD1

    11/09/2025
  • Metaverse

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025

    The Sandbox Game Maker: Unleashing Revolutionary Metaverse Experiences

    07/08/2025
  • Regulation

    Bitcoin and the crypto market braced as economist warns on the Fed cuts

    11/09/2025

    What does a Trump takeover of the Fed look like?

    11/09/2025

    China, Japan, and other countries to challenge USD-pegged stablecoins crusade

    11/09/2025

    Gryphon stock soars 231% ahead of September American Bitcoin merger

    11/09/2025

    BitMine Stock Moves Opposite to Ethereum — What Are Analysts Saying?

    11/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Altcoin in the Spotlight Announces $530 Million Deal and an Additional $310 Million Purchase

    11/09/2025

    Coinbase adds Sei, Pepe, Bonk and PUMP as collateral for perpetual futures trading

    11/09/2025

    Largest Russian bank Sberbank set to launch Bitcoin and Ethereum crypto derivatives

    11/09/2025

    Alchemy Pay Enters South Africa, Offers Support for ZAR On-Ramps via Bank Transfers

    11/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    GameFi.org Joins Somnia to Accelerate Blockchain Gaming Advancement

    10/09/2025

    Intelligent Agents Set to Reshape Blockchain Gaming Ecosystems, Gaming Director Says

    09/09/2025

    XRPL Gamechain Testnet and Pudgy Party Launch

    08/09/2025

    SolPlex Game Launch on Epic Games Marks a New Era for Web3 Gaming

    08/09/2025

    Bitcoin’s Computing Muscle Hits 1,027 EH/s Benchmark, But Hashprice Shrinks 8.39%

    11/09/2025

    Bitmain files an emergency motion in a U.S. bankruptcy court to reclaim 2,700 Antminer servers from Orb Energy

    11/09/2025

    From CPU to ASIC Era

    10/09/2025

    HIVE, Bitdeer and Cipher Drive August Hashrate Growth Among Public Bitcoin Miners

    10/09/2025

    Lawmakers Call for Inquiry Into China’s DeepSeek Over National Security, Data Risks

    10/09/2025

    Devastating Loss for Terraform Founder

    10/09/2025

    Congress Is Back From Break

    09/09/2025

    FBOT registry won’t bring offshore crypto exchanges to the US — Attorney

    09/09/2025

    What You Need to Know About Delayed Updates

    11/09/2025

    ETH to $5,000 Cancelled? Key Market Signal Just Emerged

    11/09/2025

    Bitcoin and the crypto market braced as economist warns on the Fed cuts

    11/09/2025

    Bitcoin’s Computing Muscle Hits 1,027 EH/s Benchmark, But Hashprice Shrinks 8.39%

    11/09/2025
  • MarketCap
NBTC News
Home»NFT»$4.4B Silk Road sale, Satoshi’s identity — None of it ultimately matters to BCH crypto punks
NFT

$4.4B Silk Road sale, Satoshi’s identity — None of it ultimately matters to BCH crypto punks

NBTCBy NBTC09/10/2024No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The United States Supreme Court has denied hearing a case involving “stolen” BTC from the formerly prosperous Silk Road marketplace. The decision permits the state to sell the coins valued at around $4 billion USD, but this news and that of a ‘Satoshi reveal’ on HBO still aren’t stopping crypto OGs from ceaselessly developing P2P (peer-to-peer) use cases for bitcoin.

Right off the bat it should be noted: “Bitcoin” for the purposes of this article means the definition written down in Satoshi Nakamoto’s whitepaper. Namely, “A purely peer-to-peer version of electronic cash [that allows] online payments to be sent directly from one party to another without going through a financial institution.” A very punk rock concept, if one will.

“Purely peer-to-peer” is what started this whole disruption called bitcoin that we love, and what enabled the Silk Road to grow so massively in the first place. Suffice it to say for now that massive onchain fees alienating average users, custodial second layers, and government-backed ETFs will not be considered “bitcoin” for the purposes of this article. So if bitcoin cash triggers you, please change the channel.

Ross Ulbricht

Silk Road case won’t be heard, $4B stash of BTC could be sold by United States

A recent ruling from the United States Supreme Court has opened up the possibility of another sale of bitcoins allegedly seized by the state from the now infamous Silk Road online marketplace. The Silk Road is back in the news these days with popular appeals for harshly imprisoned founder Ross Ulbricht to see his life returned to him, and a double life sentence plus 40 years overturned.

The coins, which the state says are a lawful asset forfeiture connected to criminal activity, have been argued by claimants to be nothing of the sort, having a legitimate and innocent owner.

“The government has never been required to prove these allegations, however, nor has it disclosed the identity of the mystery person who allegedly voluntarily forfeited his interest in an asset now worth $4.4 billion, nor has it alleged that that asset was ever used in any criminal activity,” a petition for writ of certiorari states.

The claimant is a group called Battle Born Investments, which is now back up sats creek without a paddle regarding the coins. The theft was allegedly perpetrated by mysterious “Individual X,” said to be one Raymond Ngan.

Hype abounds about new HBO Satoshi documentary

Speaking of mysterious individuals, Bitcoin’s creator, the pseudonymous Satoshi Nakamoto, has also been in the news again, right along with the Silk Road. It’s like we’re cycling back to the true “OG” days of Bitcoin before the days of Blackrock exchange-traded funds and limitless draconian “regulations.” But still, speculation about the identity of Nakamoto is as old as Bitcoin itself, and terribly played out.

As one Redditor noted: “The truth is there’s a lot of circumstantial evidence that points to several people. Whoever they reveal depends entirely on the motivations of HBO and/or the director.” The user continued, asserting that naming someone alive could have negative effects.

“It worries me that they reportedly spoke to the guy in person. If they named Finney or Sassman it would be fine because they’re dead. But naming someone who is still alive leads me to believe their goal is to stir controversy and FUD,” they said.

“Jessica” NFT on BCH’s UTXO-based smart contract system.

UTXO smart contracts, NFTs, blocksize adjustment algos and more: Development onchain continues on Bitcoin Cash

Well, here is the part that will trigger many. But it’s sad it should be so. Underneath all the news about a Satoshi ‘reveal,’ and squabbles about who owns bitcoins that the state habitually steals, development onchain continues on a fork of BTC — bitcoin cash.

BCH is still used peer-to-peer, not forced to rely on second-layer or custodial add-ons to escape heavenly transaction fees. What’s more, there’s been a lot going on under the radar in past years for the asset. Interestingly, mainstream crypto news is almost dead silent about these innovations. So what are they?

Well, unspent transaction output-based (UTXO-based) smart contracts for one, resulting in smart contracts comparable to those on Ethereum. Since the contracts are UTXO-based, this means the contract system is baked right into the chain itself. The capability has been active and working since the 2023 upgrade, and notably allows for easy creation of non-fungible tokens (NFTs) for negligible fees.

BCH developer Jason Dreyzehner has just published his 2025 Bitcoin Cash Improvement Proposals as well, seeking to further streamline the new capabilities. In May 2024, a further upgrade was added called ABLA (adaptive blocksize limit algorithm) which allows the BCH blocksize to adjust automatically according to network usage. There are concerns, of course, about any network. So shilling is not the true aim here.

Suffice it to say: Whatever HBO says, and however much the government immorally seizes, as far as I can tell, bitcoin is still functioning as peer-to-peer electronic cash, aiming to be a global reserve currency for a more peaceful world. That’s a big “W” for the punks, and something that deserves talking about.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

NFT Social Engagement Soars as LINK, PENGU, and APE Dominate Rankings

11/09/2025

Tokenized Pokémon Cards Are Hot. Lending Them for Crypto Is a Different Story

10/09/2025

Ordinals Scrapyard turns Bitcoin NFT wreckage into tax write-offs

09/09/2025

OpenSea Makes Big Moves in Final Sprint to $SEA

09/09/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

What You Need to Know About Delayed Updates

11/09/2025

ETH to $5,000 Cancelled? Key Market Signal Just Emerged

11/09/2025

Bitcoin and the crypto market braced as economist warns on the Fed cuts

11/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.