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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 ...

Ripple, in a Sept. 1 court filing, rebuts a regulatory assertion that XRP lacks intrinsic value, emphasizing its role as a bridge virtual asset. In the ongoing legal showdown with the U.S. Securities and Exchange Commission (SEC), Ripple has challenged the agency’s claim that XRP is nothing more than a piece of computer code. Contrary to the interpretation by the regulatory watchdog, Ripple affirms that the court did not make such a ruling.  This clarification sheds new light on the XRP debate. Ripple’s legal team emphasized that XRP serves as a vital bridge virtual asset, facilitating seamless cross-border transactions. You might also like: Pakistan’s state bank highlights Ripple’s XRP potential   In its previous ruling, the court “found that an XRP token is not, in itself, an investment contract because it does not meet Howey’s requirements.” This clarification underscores the unique nature of XRP within the cryptocurrency space. Ripple is ...

After falling victim to an apparent scam, Bryan Lawrence, CEO of crypto startup Glow Token, has sued major crypto exchange Crypto.com. Glow Token LLC has taken legal action in a Florida court against Crypto.com, accusing the exchange of breach of contract and claiming over $250,000 in damages. The lawsuit acknowledges that Crypto.com might not have been directly involved in the fraudulent scheme. Court documents reveal that earlier this year, Lawrence was approached by individuals claiming to be Crypto.com employees, who engaged him in negotiations to list Glow’s cryptocurrency on the exchange. After months of discussions and document exchanges, Lawrence transferred $250,000 plus one Bitcoin valued at $23,000 to an account he believed belonged to Crypto.com. However, in March, officials from the real Crypto.com informed Lawrence that imposters had scammed him. The exchange denied any record of a listing agreement with Glow Token and instructed Lawrence to cease asserting s...

As Elon Musk battles a $258 billion lawsuit over alleged Dogecoin market manipulation, his legal team undergoes significant reshuffling. Key litigator Adam Gabor Mehes has departed, with Allison Huebert stepping in to fill the void. The rapidly evolving landscape of cryptocurrencies presents a whirlwind of stories, but none commands as much attention as Dogefather aka Elon Musk, the CEO of Tesla.  A recent development in this legal saga has seen a key figure in Musk’s legal team, Adam Gabor Mehes, filing a motion to withdraw his counsel.  According to a document filed in federal court today, attorney Adam Gabor Mehes has filed a motion to allow him to withdraw from Elon Musk’s alleged dogecoin DOGE market manipulation case. — Nancy (@nanjian14) June 20, 2023 This change in the composition of Musk’s legal team could potentially be a critical juncture in the context of a $258 billion lawsuit that Musk is currently embroiled in. Mehes’ departure ...