Craig Wright wins in U.S. appeals court over multi-billion-dollar Bitcoin dispute

Craig Wright, claiming to be Bitcoin’s creator, won a notable victory in a U.S. Appeals Court, sparking renewed discussions in the cryptocurrency community.

Craig Wright, who claims to have created Bitcoin, recently won a big court case in the U.S. Appeals Court. The case was regarding Bitcoin that he and the late David Kleiman mined together over ten years ago. The court decided that Wright and Kleiman were not in a legal partnership.

Now led by David’s brother Ira, the Kleiman family could not disprove the original court’s ruling, and also had difficulty proving that Wright was obfuscating attempts at carrying out the legal process, and thus charges were dismissed.

The ruling confirms a decision made by a jury in Florida in 2021, in which the jury decided if the Kleiman family had the right to half of the Bitcoin (BTC) fortune, worth up to $36 billion per Wright’s request for punitive damages.

The court ruled that Wright’s lawyers erred in digging in to the Kleiman brothers’ relationship, but that it ultimately did not alter the jury’s decision making process.

You might also like: Craig Wright must pay $516K to sue Kraken, Coinbase

The appeal did not have to do with the $100 million Wright was told to pay to a company started by Kleiman, which is still an ongoing dispute.

Wright is also suing crypto developers in the U.K. due to not adding a Bitcoin backdoor for his company, Tulip Trading. Wright requested this to retrieve crypto he says he lost access to.

In 2022, a judge in Norway said it was okay to call Wright a “fraud” and “scammer” for saying he is Satoshi Nakamoto, a pseudonym for the creator of Bitcoin. Wright is still in the process of appealing this decision.

Read more: Governments Host Bitcoin Whitepaper in Defiance to Craig Wright’s Orders
Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

Fetch.ai Price Prediction: FET Pumps 14% On Nvidia Earnings As AI Cryptos Boom And Analysts Say This New Solana Meme Coin Might Outperform BONK, WIF And MYRO

Image
The Fetch.ai price has soared by 14.5% in the past 24 hours to trade at $1.12 as of 8:15 a.m. EST on trading volume that surged 10.5% to $612 million. This surge came after AI chip maker Nvidia reported that fourth-quarter earnings had surpassed market expectations, buoying most of the AI crypto sector. Other AI cryptos to surge included Render (RNDR), Akash Network (AKT), and Bittensor (TAO), all ascending by double digits. Fetch.ai Price Susatains Bullish Momentum Above the Bullish Pennant FETUSD Analysis by Tradingview The Fetch.ai price indicates a continued uptrend after breaking from the consolidation stage. However, the resistance level at $0.78 has led to the formation of a bullish pennant, which signals a bullish trend reversal. However, the bulls seem to have acted on the pennant, indicating resilience on the $0.4424 support zone and flying the price past the $0.78 resistance, confirming the bull rally to the $1.17 resistance level. The technical indicators are bul
Read more

Bitcoin slicing through this resistance could send it over $47k

Image
Although the majority of assets in the cryptocurrency sector got off to a slow start this week, Bitcoin (BTC) could be looking at a massive advance toward and beyond the threshold of $47,000 soon, provided it manages to break the key resistance that currently stands in its way. As it happens, Bitcoin’s realized price distribution (URPD) or unspent transactions output (UTXO), or the amount remaining after every transaction, suggests that the maiden cryptocurrency is facing “stiff resistance at $38,500,” as noted by crypto market analyst Ali Martinez in an X post on November 26. Having said that, the crypto trading expert also observed that the flagship decentralized finance (DeFi) asset “slicing through this barrier could help BTC advance toward $47,360,” which is the next significant point in the chart Analysis that Martinez shared. Bitcoin UTCO realized price distribution. Source: Ali Martinez Specifically, UTXO UPRD shows at which prices the current Bitcoin UTXOs appeared, ea
Read more

Binance faces calls for ban by Nigerian Bureau De Change association

Image
Gwadabe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market. Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureau De Change Operators of Nigeria (ABCON) to prohibit the activities of Binance within the nation. ABCON is a self-regulatory body and an umbrella for all the central bank-licensed Bureaux de Change (BDC). This action comes in response to the association reportedly recognizing Binance as a significant contributor to the pressure on the naira. As reported by Nairametrics, a local news agency, Alhaji Aminu Gwadabe, president of ABCON, provided this counsel in an interview held on Aug. 8 in Lagos. Gwadabe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel mar
Read more