Never mind that Bitcoin is extremely volatile. Some parents are seeing beyond that and opting to invest in cryptocurrency instead of traditional 529 college savings plans, hoping for higher returns despite the risks. According to Bloomberg, a growing number of…

Bitcoin beats 529 plans? Crypto parents rethink college savings

A British High Court has issued a restraining order against computer scientist 
Craig Wright, preventing him from filing further defamation suits.
In a May 12 judgment, High Court Judge Edward Mellor said Wright&#8217;s repeated 
false claims and aggressive legal actions created legal &#8220;hell&#8221; for individuals 
and developers in the Bitcoin (BTC) community, adding that Wright sought to 
&#8220;weaponise legal systems&#8221; to intimidate and silence critics.
His lawsuits forced people into costly and time-consuming legal defenses, 
often based on fabricated evidence, the judge added as he handed out a General 
Civil Restraint Order or injunction against Wright, prohibiting him from 
filing any more civil claims or applications in the High Court.
The court highlighted how this strategy was part of a pattern of abusing the 
legal system to assert false claims of being Satoshi Nakamoto.
&#8220;It is apparent that Dr Wright had substantial financial backing from the 
start of his campaign, and his defamation claims were deliberately unequal 
battles,&#8221; said Judge Mellor. 
The Crypto Open Patent Alliance (COPA) brought the claim in 2021, seeking 
negative declarations and injunctive relief because of the threats Wright had 
made against its members, including crypto blogger Peter McCormack and Magnus 
Granath (aka Hodlonaut).
His defamation claims &#8220;put each man through five years of personal hell,&#8221; 
Mellor wrote, adding that allegations were &#8220;part of a deliberate strategy 
whereby Dr Wright and his backers sought to establish the claim [that Dr 
Wright was Satoshi] by unequal contests.&#8221;
COPA is a nonprofit community formed to encourage the adoption and advancement 
of crypto technologies and to remove patents as a barrier to innovation.
_Justice Mellor says Wright put defendants through personal hell. Source: 
bailii.org_
 _**Related:**__**Crypto group COPA launches bid to stop blockchain &#8216;patent 
trolls&#8217;**_
The threats its members received &#8220;were having a serious chilling effect on 
development and innovation in the cryptocurrency industry,&#8221; said Judge Mellor.
&#8220;Dr Wright&#8217;s actions have not only affected the individuals he has sued,&#8221; he 
continued. &#8220;They have also caused significant disruption to innovation in an 
important technology industry.&#8221;
## Craig Wright slapped for contempt of court
Last March, the British High Court ruled that Craig Wright was not the author 
of the Bitcoin white paper, did not operate under the pseudonym Satoshi 
Nakamoto and was not involved in the creation of Bitcoin.
In July, Wright issued a legal disclaimer on his website, emphatically stating 
that he was not the pseudonymous creator of Bitcoin.
In December, the Australian computer scientist was given a one-year suspended 
sentence in the United Kingdom for contempt of court.
Wright has also filed libel lawsuits against Ethereum co-founder Vitalik 
Buterin and Bitcoin pioneer Adam Back during the almost decade-long 
&#8220;faketoshi&#8221; saga.
_**Magazine:**__**Bitcoin eyes &#8216;crazy numbers,&#8217; JD Vance set for Bitcoin talk: 
Hodler&#8217;s Digest**_

Craig Wright sent enemies to legal ‘hell,’ says judge in restraining order

Mbank and Changer.ae have launched a Dirham-based crypto conversion service, 
following approval from the UAE Central Bank to open a fully regulated AED 
escrow account. Secure and Regulated Dirham to Crypto Conversions The United 
Arab Emirates (UAE) integrated digital bank, Al Maryah Community Bank (Mbank), 
together with crypto custodian Changer.ae, has announced the launch of […]

UAE’s Mbank Launches AED Crypto Conversion

Truth Social, the social media network owned by Trump Media, has denied it is 
launching a memecoin following circulating rumors on social media.
&#8220;Contrary to rumors, Truth Social is not launching a memecoin,&#8221; the official 
Truth Social account posted on its platform. The social media platform is 
owned by the Trump Media &amp; Technology Group, with US President Donald Trump 
owning a majority stake in the company.
&#8220;There&#8217;s no truth whatsoever about Truth Social launching a memecoin. Don&#8217;t be 
fooled by false information people are circulating,&#8221; Donald Trump Jr., the 
eldest son of President Donald Trump, stated on X.
_Truth Social denies rumors that it is launching a memecoin. Source:__Truth 
Social_
The rumors started circulating after influencer Ran Neuner, who hosts the 
_Crypto Banter_ podcast, tweeted that a Truth Social token will be launched 
within the next 72 hours and that it appears to be backed by a similar team 
involved with the launch of the TRUMP token.
Cointelegraph reached out to Neuner to find out more about the source of the 
claim, but did not receive a response by the time of publication.
## Trump is no stranger to memecoins and crypto plays
The US president is known for his pro-crypto stance and has launched his own 
TRUMP token, while first lady Melania Trump launched a MELANIA token.
However, Trump has found himself amid controversies after announcing that the 
top tokenholders of the TRUMP token will be invited to a special gala dinner 
on May 22.
The move drew criticism from many, including many US senators, who had 
previously demanded that Trump be impeached for launching the TRUMP token.
_**Related:**__**Trump-linked miner American Bitcoin going public via Gryphon 
merger**_
Meanwhile, a Bloomberg report indicated that the vast majority of the top 
holders of the TRUMP token might not be from the US, sparking concern from US 
lawmakers.
According to the latest data, 220 wallets held more than 13.7 million TRUMP 
tokens, worth approximately $174 million at the time of publication.
While it is unclear who the top holders are, wallets with the names of &#8220;Sun&#8221; 
and &#8220;elon&#8221; appear to reference Tron founder Justin Sun and Tesla CEO Elon 
Musk, both of whom are Trump supporters.
The TRUMP token is down more than 80% after hitting an all-time high of $73.43 
on Jan. 19. However, the token is up nearly 14% in the past 7 days and is 
currently trading at $12.52, according to CoinGecko.
_**Magazine:**__**Finally blast into space with Justin Sun, Vietnam &#8216;s new 
national blockchain: Asia Express**_

Trump-owned Truth Social denies it is launching a memecoin

Coinbase has made history, becoming the first crypto company to join the S&amp;P 
500. The move, announced on May 12 by S&amp;P Global, will take effect next 
Monday, May 19. The exchange will replace Discover Financial Services, which 
was recently…

Coinbase stock jumps 8% as it becomes first crypto company to be included in S&P 500

XRP jumped to a daily high of $2.61 in its latest rally, reaching its highest 
level since March 6. The token rose 4% in the past 24 hours and is up 6% over 
the last week. Trading activity has picked…