Bitcoin ‘creator’ races to patent technology with gambling tycoon
Science & Technology ı By USA Herald
1,194 0 Comments
The confidentiality conveyed by the currency is one source of its popularity. Bitcoin hit a record high this week, partly because of speculation that the first bitcoin exchange-traded fund is set to receive U.S. regulatory approval. After a sharp rise this year, the cryptocurrency reached more than $1,200 per bitcoin.
Ayre said last year that he saw a "growing convergence" of bitcoin and online gambling, according to the website CalvinAyre.com. Documents reviewed by Reuters show Wright's links to online gambling go back decades and that bitcoin grew out of code originally developed with gambling in mind. Early bitcoin code, seen by Reuters and analyzed by a computer coding consultant with no ties to Wright or any blockchain-related project, contains unimplemented functions related to poker.
Wright's vision for bitcoin, though, goes much further than gambling, according to his research papers and interview transcripts. It remains unclear whether he is Satoshi Nakamoto or not, and even whether Satoshi is one person or a group of people. But some of the documents, including two folders of computer code for early versions of bitcoin, support Wright's claims that he was closely involved in the development of the cryptocurrency before it became public in 2009.
Whatever Wright's original role, he has suggested bitcoin could have widespread applications. In a paper from November 2015, also reviewed by Reuters, he wrote: "The bitcoin blockchain can be scaled up to replace all existing payment system networks to become the world's single global economic infrastructure."
The paper is unpublished, but it gives an insight into the global scope of his plans for the technology. While it's far from clear the two will be successful in their patent applications, bitcoin and patent experts say Wright's project represents the single largest filing of bitcoin-related intellectual property they've seen. "It's certainly bullish," said Justin Hill, a patents expert with law firm Olswang. "With the ambition comes the risk."
ANTIGUA CONNECTION
Reuters has previously reported that Wright was filing patents through a company called EITC Holdings, which is based in Antigua.
Ayre lives in Antigua, and EITC Holdings is headed by associates of Ayre, according to one source close to Wright and one with direct knowledge of his business, as well as corporate documents reviewed by Reuters.
Australian Stefan Matthews, who began working for Ayre in 2011, was a director of EITC Holdings until at least late 2016. It isn't clear if he's still associated with the company. Canadian Robert MacGregor, another long-term Ayre associate, was a director of EITC Holdings until mid-April 2016. The documents do not disclose the shareholders of the company.
FOLLOW US
Recent Posts
Philippine Transport Workers Strike as Fuel Prices Surge
Musk Unveils ‘Terafab’ Plan to Boost Chip Production for Tesla,…
Jury Finds Meta, YouTube Liable in Landmark Social Media Addiction…
Rocket Stocks Jump on Report SpaceX May Move Ahead With…
Middle East Conflict Threatens to Upend Global Air Travel Model
Sora Shutdown Marks Sudden End to OpenAI’s AI Video Ambitions
EPA Gasoline Sales Expansion Targets Summer Price Surge
Don’t Miss It
KKR to Acquire Nothing Bundt Cakes in $2 Billion Deal
By – Rachel Moore7 Year-Old Girl Dies in Modesto Duplex Fire, Family Devastated
By – Rachel MooreMassachusetts Teacher Indicted on Rape Charges After Years of Allegations
By – Rachel MooreMom Accused on Boy Kidnapping Faces Felony Charges in Utah Case
By – Rihem AkkoucheMeta YouTube Teen Addiction Case Ends in Landmark Jury Verdict
By – Rihem AkkoucheSupreme Court Music Industry Ruling Reshapes Internet Liability Debate
By – Rihem AkkoucheMeta $375M Verdict Shakes Tech Giant After Landmark Jury Decision
By – Rihem AkkoucheIran Rejects U.S. Ceasefire Blueprint as War Demands Escalate
By – Rihem Akkouche
Kelly Warner Law Firm Blames USA Herald for Arizona Bar Investigation
5/17/17 Based on the information released in The Washington Post article on 5/17/17, the USA Herald publishes another in-depth article that…
By – USA Herald
Aaron Kelly Law Firm Resorts To Attacking Former Client Again On KellyWarnerLaw.com – Pattern Recognized
Professor Volokh thereafter filed a bar complaint against Dan Warner with the Arizona Bar. This eventually led the ABA to…
By – Jeff Watterson
Arizona Bar Opens Investigation on Attorney Aaron Kelly
USA Herald recently reported on a developing story involving Attorneys Daniel Warner and Aaron Kelly. Both Warner and Kelly have…
By – Paul O'Neal
Everyday life across Asia is being heavily disrupted by a fuel crisis triggered by the war involving Iran.
Sri Lanka In Sri Lanka, citizens note a striking reversal compared to the country’s previous crisis. As one resident in…
By – Tyler Brooks
Robotics companies struggle to perfect the robotic hand
In the late 1990s, engineer Rich Walker recalls building one of Shadow Robot’s earliest robotic hands using simple materials like…
By – Tyler Brooks
Oahu Island Residents Ordered to Evacuate As Severe Flooding Could Cause Dam Failure
By – Tyler Brooks
NASA to Spend $20 Billion on Building a Moon Base, Shifts Away from Lunar Space Station Plans
NASA has announced a major change in its lunar exploration strategy, deciding to abandon plans for a space station in…
By – Tyler Brooks
BlackRock chief warns global recession could follow if oil prices reach $150 per barrel.
BlackRock recently participated in a $40 billion deal to acquire Aligned Data Centres as part of its broader push into…
By – Tyler Brooks
Parents Think They Understand How Kids Use AI — But They Don’t
However, concerns about cheating remain. While few teens admit to using AI dishonestly themselves, 59% say students at their school…
By – Tyler Brooks
Parents Think They Understand How Kids Use AI — But They Don’t
However, concerns about cheating remain. While few teens admit to using AI dishonestly themselves, 59% say students at their school…
By – Tyler Brooks
Ground Truth: When the Earth Moves, AI Can Detect It
The data that revealed this came from Sentinel-1, a European satellite that uses radar to map the Earth’s surface in…
By – Tyler Brooks
The Philippines Declares a National Energy Emergency Following War on Iran, Becoming the First Country To Do So
Since the conflict in the Middle East began, the government has introduced subsidies for transport drivers, reduced ferry services, and…
By – Tyler Brooks
OpenAI has Shut Down its Artificial Intelligence Video-Generation App, Sora, Less than Two Years After Its Launch
At the same time, OpenAI is ending its content partnership with Disney. The company said it decided to discontinue Sora…
By – Tyler Brooks
Meta Ordered to Pay $375 million For Misleading Users About Children Safety on Platform
Torrez said Meta executives were aware of the harm their products caused, ignored warnings from employees, and misled the public.…
By – Tyler BrooksThe case is one of several civil suits Cosby currently faces from women who have accused him of sexual misconduct…
By – Derek Johnson
Namibia Blocks Elon Musk’s Starlink in Licensing Setback
High Stakes for Connectivity in Remote Regions Starlink’s satellite network is designed to deliver high-speed internet to remote and underserved…
By – Rachel Moore
NASA Plan for Moon Base Shifts Course in $20 Billion Lunar Pivot
In a dramatic strategic overhaul, the NASA plan for moon base is taking center stage as the agency abandons its…
By – Rachel Moore
Dayton Webber Charged With Murder After Deadly Car Shooting
A Community Left Searching for Answers The transformation from celebrated athlete to murder suspect has left many grappling with disbelief—like…
By – Rihem Akkouche
US Park Police Officer Shot in DC Sparks Intense Manhunt
A Pattern of Violence Raises Concern The shooting comes just months after a deadly November incident in the District, when…
By – Rihem Akkouche
Explosion at Valero Refinery Sends Smoke Towering Over Texas Coast
A City on Edge, Then Relief As dawn broke Tuesday, the immediate danger appeared to ease, but the memory of…
By – Rihem Akkouche
UCI Health Layoffs Impact 150 Workers Amid Financial Pressures
A wave of restructuring has swept through Southern California’s healthcare sector as UCI Health layoffs affect approximately 150 employees, signaling…
By – Rihem Akkouche
Arizona Man Accused of Crucifying Pastor Pushes Judge For A Quick Death Sentence
By Samuel A. Lopez | USA Herald – An Arizona courtroom is now the center of a deeply disturbing case…
By – Samuel Lopez
Trump’s Laser Talk Sparks New Questions About America’s Secret Arsenal
On the American side, the evidence also points to a military that is pushing hard into directed energy rather than…
By – Samuel Lopez
The Northern Lights Return
The Northern Lights have a chance to be visible from several northern U.S. states on Tuesday night, forecasters at the…
By – Jackie Allen
February Unemployment Up as Job Losses Surprise Economists
According to the BLS: Producer prices rose 2.9% year-over-year through January 2026 Core PPI increased 3.6%, excluding food and energy…
By – Jackie Allen
Late-Night Attack by Venezuelan National at Florida Beach
Officials noted that the suspect had overstayed his work visa at the time of the attack. For more details on…
By – Jackie Allen
Trump’s War in Iran: Congress Confronts Escalation After U.S. Strikes
On the Republican side, most lawmakers appear to back Trump’s strategy. Sen. Tom Cotton (R-Ark.), chair of the Senate Intelligence…
By – Jackie Allen
Oil rebounds above $100 amid mixed signals over US–Iran talks
Brent crude prices climbed back above $100 per barrel after a sharp drop earlier in the week, as uncertainty grew…
By – Tyler Brooks
Apollo to Acquire Nippon Sheet in Landmark $3.7B Deal
In a move that underscores shifting tides in global finance, Apollo to acquire Nippon Sheet has emerged as one of…
By – Rachel Moore
UCI Health Layoffs Impact 150 Workers Amid Financial Pressures
A wave of restructuring has swept through Southern California’s healthcare sector as UCI Health layoffs affect approximately 150 employees, signaling…
By – Rihem Akkouche
Estée Lauder to Merge With Puig in Talks to Form $40bn Beauty Powerhouse
Leadership Changes and Expansion Strategy The Barcelona-based company recently appointed José Manuel Albesa as its first chief executive from outside…
By – Rachel Moore
US French Energy $1bn Investment Sparks Offshore Wind Controversy
In a move that could reshape America’s clean energy future, the Trump administration announced Monday it will pay French energy…
By – Rachel Moore
Alphabet San Francisco Drone Delivery Set to Take Flight
A new chapter in urban logistics is unfolding as Alphabet San Francisco drone delivery moves from concept to reality, with…
By – Rachel Moore
War Insurance Reality Americans Face Even When the Battlefield Is Overseas
However, most Americans are unaware that their own policies contain similar boundaries. If a missile strike or military action directly…
By – Samuel Lopez
Supreme Court Asked To Step In As 98-Year-Old Federal Judge Pauline Newman Fights Suspension From The Bench
[USA HERALD] – For more than four decades, one of the most influential judges in American patent law helped shape…
By – Samuel Lopez
Iran Appears To Have Conducted Its First Major Cyberattack Against A U.S. Company, Since The War Began – New Front Opens Against American Healthcare
Public reporting has pointed to a likely abuse of Microsoft Intune-style device management functions. Sophos threat intelligence director Rafe Pilling…
By – Samuel Lopez
Beyond Gas Prices The Strait of Hormuz Crisis Could Hit Fertilizer, Plastics, Aluminum And Global Supply Chains
Plastics and petrochemicals are another underappreciated vulnerability. Middle Eastern producers ship enormous volumes of chemicals and plastics through this route,…
By – Samuel Lopez
When The Files Are Finally Unsealed The Most Mind-Bending Truth May Not Be What We Expect
[USA HERALD] – There is a widespread assumption that if governments release their most highly classified files related to unidentified…
By – Samuel Lopez
Civil Rights Icon Rev. Jesse Jackson Dies at 84 As President Trump Issues Personal Tribute
Even in later years, as illness softened his voice and slowed his step, Jackson remained active. In 2021, he was…
By – Samuel Lopez
The World Cup Security Reckoning: Trump Warns Iran Soccer Team About Safety As War Tensions Spill Into Global Sports
By Samuel A. Lopez | USA Herald – A short Truth-Social post from President Donald Trump on Thursday morning is now…
By – Samuel Lopez
Trump’s War in Iran: Congress Confronts Escalation After U.S. Strikes
On the Republican side, most lawmakers appear to back Trump’s strategy. Sen. Tom Cotton (R-Ark.), chair of the Senate Intelligence…
By – Jackie Allen
Cadillac Names Inaugural Formula 1 Car MAC-26 in Tribute to Mario Andretti Ahead of 2026 Australian Grand Prix Debut
Lowdon has previously spoken about Andretti’s early encouragement during the team’s formation stages, noting that the racing legend asked him…
By – Ahmed Boughalleb
Norway Tops Medal Table After Day 13 at 2026 Winter Olympics as Team USA Surges Into Second Place
With 13 days complete at the 2026 Milan Cortina Winter Olympics, Norway sits atop the overall medal standings, collecting 34…
By – Ahmed Boughalleb
Olympic Science Explained: How Figure Skaters Spin at Blinding Speeds Without Getting Dizzy
When Amber Glenn finishes her routine, the arena usually rises with her. The music builds, her blades carve a tight…
By – Tyler Brooks
Olympic Villages Run Out of Condoms at 2026 Milan-Cortina Games
Condom supplies in the Olympic Villages at the 2026 Winter Games have been temporarily depleted, the Milan-Cortina organizing committee confirmed,…
By – Tyler BrooksNo posts found.
No posts found.
No comments yet. Be the first to comment!