Craig Wright news

Australian computer scientist; claims he is the person behind the pseudonym Satoshi Nakamoto.

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Craig Wright To Challenge The Court Decision, Which Obliged Him Paying 500 000 BTC

Craig Wright, an Australian entrepreneur who has been trying to prove to the community that he is the creator of Bitcoin, intends to challenge the court decision. According to it, he ... Запись Craig Wright To Challenge The Court Decision, Which Obliged Him Paying 500 000 BTC впервые появилась Bit.news.
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Craig Wright to Challenge Judge’s Ruling in the Billion-Dollar Lawsuit

Craig Wright is looking to challenge Judge Reinhart’s decision and has asked the court for an extension of time in order to dispute the August 27 ruling. Wright was recently instructed to distribute 50% of his BTC holdings allegedly mined before 2014 and intellectual property (IP) to the Kleiman estate. Wright’s legal counsel based in Florida also detailed they need more time because Hurricane Dorian is forcing the attorneys to expend energy preparing. Also Read: Bitcoin.com’s Premier Cryptocurrency Exchange Is Now Live Judge Reinhart’s Ruling and Critique of Wright’s Arguments The person who claims he invented Bitcoin, Craig Wright, has asked for an extension of time in order to challenge Judge Reinhart’s recent ruling. The motion to compel order explains that Craig Wright should distribute 50% of the BTC supposedly mined by Wright and Kleiman before December 2013. Half of the patents related to the Bitcoin network and technology filed prior to David Kleiman’s death must be given to the Kleiman estate as well. The case started on Valentine’s Day 2018 and involves the multi-year business relationship between Kleiman and Wright. The Kleiman family, specifically Dave’s brother Ira, believes that Wright defrauded and manipulated Dave’s inheritance and rights to his intellectual property. The federal courthouse where most of the proceedings have occurred is located in West Palm, Florida. “For purposes of this action, it is established that Dr. Wright and David Kleiman entered into a 50/50 partnership to develop Bitcoin intellectual property and to mine bitcoin,” the court order on August 27 states. “Any Bitcoin-related intellectual property developed by Wright prior to David Kleiman’s death was the property of the partnership.” Reinhart’s ruling adds: Any bitcoin mined by Wright prior to David Kleiman’s death (the partnership’s bitcoin) was the property of the partnership when mined. Plaintiffs presently retain an ownership interest in the partnership’s bitcoin and any assets traceable to them. Judge Reinhart also emphasized that Wright’s story “not only was not supported by other evidence in the record, it defies common sense and real-life experience.” The scathing critique of Wright’s defensive arguments continued by venturing that the infamous Tulip Trust might not even exist. “After observing Dr. Wright’s demeanor and the lack of any other credible evidence in the record that this file exists, I find that a preponderance of the evidence establishes that no such file exists and that Dr. Wright’s testimony was intentionally false,” Reinhart asserted. Craig Wright. Motion for Extension and Hurricane Dorian Now Wright’s legal team has filed document 278 for an “Extension of Time” in order to file a motion challenging Magistrate Reinhart’s August 27 order. Wright is represented by the Miami-based Rivero Mestre LLP and the recent extension filing explains that “Wright does not concede that Magistrate Reinhardt had the power to enter the order that he did.” The team needs a 14-day timeframe to submit his arguments to the judge and blames Hurricane Dorian for holding the legal team back. The motion for a 14-day extension. “Hurricane Dorian is expected to make landfall in Florida early next week and counsel for Dr. Wright have been expending significant time preparing for the hurricane, which has limited their ability to work on this matter,” the extension filing details. The court document written by Rivero Mestre further states: Dr. Wright submits that it is crucial that his attorneys have sufficient time to submit his challenge. The testimony and evidence submitted in the two days of evidentiary hearings are voluminous, the facts and legal issues are extremely complex, and the sanctions issued by Magistrate Reinhart go to the heart of the case and the defendant’s ability to defend against the billion-dollar claims lodged against him. Wizsec’s Criticism The cryptocurrency community discussed Reinhart’s decision last week heavily. Bitcoin security specialists Wizsec wrote about the ruling and an overview of the August 26 hearing recorded the day prior. That day featured a closing argument by Wright’s counsel, Amanda McGovern, and the closing argument made by Kleiman’s counsel, Vel Freedman. Wizsec’s blog post highlights that the judge “explicitly notes that he is not deciding on whether Craig Wright is Satoshi Nakamoto.” Judge Reinhart did stress these two specific points almost immediately in the ruling on August 27, before he described why he came to his conclusion. “Two preliminary points — First, the Court is not required to decide, and does not decide, whether Defendant Dr. Craig Wright is Satoshi Nakamoto, the inventor of the Bitcoin cybercurrency,” the order reads. “The Court also is not required to decide, and does not decide, how much bitcoin, if any, Dr. Wright controls today. For purposes of this proceeding, the Court accepts Dr. Wright’s representation that he controlled (directly or indirectly) some bitcoin on December 31, 2013, and that he continues to control some today.” Judge Reinhart ordered sanctions under Rule 37 as punishment for Wright's willful misconduct during discovery. pic.twitter.com/KV3HfUP6V7 — WizSec Bitcoin Research (@wizsecurity) August 27, 2019 Wizsec writes that the decision was not a default judgment and noted that Reinhart did not strike down Wright’s argument in a punitive sense, but the researchers believe “the outcome is almost the same.” “Wright can no longer argue that Kleiman didn’t own 50% of assets or that he gave his rights away, which will make it extremely hard to defend himself in the remaining trial — It’s almost as if the judge ruled that the plaintiff’s claims can no longer be proven wrong,” Wizsec’s post opines. The court has granted Wright’s wishes and a paperless order on the Kleiman v. Wright docket shows Judge Beth Bloom has approved the motion for extension of time to file challenge to the magistrate judge’s order by September 24, 2019. What do you think about Craig Wright’s attempt to challenge Judge Reinhart’s order? What do you think about the Kleiman v. Wright case so far? Let us know what you think about the subject in the comments section below. Image credits: Shutterstock, Courtlistener, Wiki Commons, and Pixabay. How could our Bitcoin Block Explorer tool help you? Use the handy Bitcoin address search bar to track down transactions on both the BCH and BTC blockchain and, for even more industry insights, visit our in-depth Bitcoin Charts. The post Craig Wright to Challenge Judge’s Ruling in the Billion-Dollar Lawsuit appeared first on Bitcoin News.
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Craig Wright to Go Against Court Decision Using…Hurricane Dorian?

The Craig Wright vs Kleiman saga gets sweeter. Or not really. This time, the saga well known Australian businessman and computer scientist is appealing against a court ruling that puts half of his Bitcoin fortune at stake. Only this time he is appealing using the Hurricane Dorian as a plot to not pay the Bitcoins. […]
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Craig Wright Set to Question Verdict Against Him in $10 Billion Lawsuit

Coinspeaker Craig Wright Set to Question Verdict Against Him in $10 Billion LawsuitRight after last week, we thought (better say hoped) that “Craig Wright is (not) Satoshi Nakamoto” saga is over – he (again) proved us wrong. Self-called Bitcoin originator Craig Wright apparently decided to question the recent verdict against him in the $10 billion lawsuit filed by the estate of Dave Kleiman.Just for a reminder, Ira Kleiman, brother of the deceased Dave Kleiman, who according to Craig Wright was his partner in the invention of Bitcoin, sued Wright for this above-mentioned sum and now, in the court papers filed Aug. 30, Wright asked district judge Beth Bloom for a 14-day deadline extension to question magistrate judge Bruce Reinhart’s previous ruling.The ruling of this multi-billion-dollar lawsuit resulted in Judge Reinhart recommending 50 percent of Wright’s BTC holdings mined prior to December 31, 2013, be awarded to Kleiman.The judge’s decision on the case was somewhat based on the fact that Wright lied, falsified documents, and intentionally blocked court actions, which many recognized as a clear sign that the court didn’t believe Wright was the real Satoshi Nakamoto.Judge Reinhart abolished a lot of crucial affirmative defenses that Wright could use. If that decision remains absolute, it will be almost impossible for Wright to defend himself.Hurricane Messing With CW PlansIn their Aug. 30 court papers, Wright’s lawyers claimed that they need some more time in order to work up because Hurricane Dorian is set to pound Florida over the next few days. The motion reads:“Hurricane Dorian is expected to make landfall in Florida early next week. And counsel for Dr. Wright have been expending significant time preparing for the hurricane, which has limited their ability to work on this matter.”Dave’s brother Ira Kleiman did still not challenge the motion and judge Beth Bloom allowed the extension, so the deadline was moved to Sept. 24.In the meantime, the astonishing $10 billion lawsuit has been a hot topic for almost every mainstream media around the world who are arguing whether Craig Wright has to turn more than a half of the 1.1 million Bitcoin he and his late business partner Dave Kleiman allegedly mined.Allegedly, Wright schemed to grab Dave’s Bitcoins and his rights to a specific intellectual property linked with the Bitcoin technology.In June, Craig Wright admitted that he could not comply with a court order to list his early BTC addresses. According to him, he cannot easily retrieve the data because he shared a critical component for accessing the funds and wallets with Kleiman prior to his death.Wright tried to present some pieces of evidence of the existence of any additional members of one of the plaintiffs, a firm named “W&K Info Defense Research, LLC” (“W&K). He claimed that their existence could prove that the court did not have sufficient evidence. However, he didn’t succeed in this. So, according to the court, “the Defendant has failed to present any credible evidence showing that any of the parties he suggests are members of W&K.”According to Ira Kleiman, Dave owned 50% to 100% of W&K.Be it as it may, there is a tough battle ahead of Wright, especially after both judges claimed Wright has committed perjury and falsified documents to hide his Bitcoin stash.Craig Wright Set to Question Verdict Against Him in $10 Billion Lawsuit
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Token Swap: Tether Announces Token Burn Of Over 400 Million USDT

Tether has shared a piece of information about a forthcoming token burn which according to announcement would take place shortly. According to a tweet from their official Twitter handle, Tether plans to shortly move 400 million Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. — Tether (@Tether_to) September 16, 2019 Tether Minted 300 million USDT Few Days Ago Few days ago, Tether took to Twitter to inform its users that it was coordinating with a third party to perform a chain swap. This was planned in order to convert some tokens from their original Omni to an Erc 20 protocol. At the time of the initial announcement, 300 million Tether USDt was announced to have been minted for the swap. However, these conversions took place few days ago as Tether promised the token swap wouldn’t disrupt the total supply. In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process. — Tether (@Tether_to) September 12, 2019 Whale Alert, a twitter account dedicated to alerting the community of big cryptocurrency transactions, noted the coinage described above in a tweet published on Sept. 12. As per a second tweet submitted as an answer to the first one, Whale Alert offered an explanation of the type of transaction: “This USDT mint is part of a swap. The corresponding burn on Omni has not taken place yet.” And finally, Tether is burning the Omni Tether that was already converted to ERC20. Until now, no token burn has taken place on Omni blockchain. In July, it was reported that Tether accidentally minted and burned 5 million USDT tokens. However, Tether long-standing controversy about issues relating to transparency and market manipulation. The post Token Swap: Tether Announces Token Burn Of Over 400 Million USDT appeared first on Coingape.
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Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy

Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company. A Non-compulsory Feature On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido […]
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Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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