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Lawyers for a pro-BTC advocacy group are cross-examining the pro-BSV Craig Wright in London’s High Court. During his second day of testifying as a defendant, Wright attempted to bat away a barrage of legal questions, often claiming that he was set up to look like a liar. The conversation focused on edited computer files that Wright has presented over the years as evidence of his claim to be anonymous Bitcoin creator Satoshi Nakamoto. The Coinbase, MicroStrategy, and Jack Dorsey-backed Crypto Open Patent Alliance ( COPA ) filed a lawsuit against Wright on February 5 alleging that many of the documents that he has submitted are intentional forgeries. Regarding certain documents , even his own expert witness agrees. Nevertheless, as the world learned from Tuesday’s courtroom session, Wright still protests his innocence by claiming that other people — via Reddit, forums, email, unauthorized computer access, or otherwise — forged his computer files to frame him as a c...

More than half of the world’s countries have legalized cryptocurrency, according to a new report from the analytical platform CoinGecko. The analysis showed that digital assets were approved by 119 states and 4 UK overseas territories. Thus, over 60% of countries in the world have legalized cryptocurrencies. Source: CoinGecko At the forefront of the adoption process is the European region, where 39 out of 41 countries (95%) have legalized digital assets. The exceptions were North Macedonia, where the circulation of crypto-assets is prohibited, and Moldova, which has not yet determined its legal status. You might also like: Analyst claims bear, bull cycles do not affect crypto adoption In the Americas, 24 countries have legalized cryptocurrencies, accounting for 77.4% of all countries in the region. Bolivia has officially banned digital assets, while Guatemala, Haiti, Nicaragua, Paraguay, Uruguay, and Guyana have not taken a position on this issue. Asia showed a ...

According to an Oct. 10 press release by the Nanchang People’s Court, the plaintiff was required to prove that Tether is a legal ly issued fiat currency to bring a necessary cause of action for judicial relief. The decision from the court becomes the second in China to decide that crypto lending is an activity outside the protection of the country’s legal system. Filing a lawsuit The press release states that Xiao Ming, an alias, alleged that in April 2021, Xiaogang, another alias, borrowed money from Ming, citing intentions to speculate in USDT coins. Xiaogang committed to repaying the loan to Ming within six months. Xiao Ming then converted over 550,000 yuan into more than 80,000 USDT coins, providing them as a loan to Xiaogang. However, upon the expiration of the agreed-upon timeframe, Xiaogang failed to fulfill the repayment terms, prompting Ming to initiate a legal action by filing a lawsuit in court . You might also like: China to establish regulatory standards for ...

At a glance Under a plea deal, FTX co-founder Gary Wang told the jury he was a participant in financial crimes at the direction of Bankman-Fried, and detailed some of those crimes. Witness testimony established for the jury that Bankman-Fried knew of FTX’s financial woes while lying about them to the public and investors.  Judge Lewis Kaplan excoriated Mark Cohen’s team for time-wasting and repetitive questioning, which seemed to accomplish little. The defense’s main goal seems to be to discredit the prosecution’s witnesses, but it’s doing that poorly. During the defense’s cross-examination, Barbara Fried appeared distressed, grinding her balled fists into her eyes. The rough state of the defense may be obvious to even Bankman-Fried’s closest allies. Gary Wang, co-founder of FTX and Alameda Research, took the stand against his former b US iness partner Sam Bankman-Fried on Thursday, October 5 — the first full day of witness testimony in the criminal trial of the fa...