Craig Wright Not Satoshi, Didn’t Author Bitcoin Whitepaper, Judge Rules

March 14, 2024
The Last Cryptocurency
CoinDesk Feed
CoinDesk Feed

Craig Wright is not Satoshi Nakamoto or the author of the Bitcoin whitepaper, U.K. Judge James Mellor said after closing arguments in the Crypto Open Patent Alliance trial on Thursday.

After finding that the evidence was “overwhelming,” the judge said he plans to write a ruling that Wright is not Nakamoto, is not the creator of Bitcoin, the author of the Bitcoin whitepaper nor the creator of Bitcoin’s technology.

COPA took Wright to court last month to secure such a ruling that he wasn’t the pseudonymous creator of the world’s largest digital asset in an effort to prevent him from suing other developers or claiming intellectual property rights over the technology.

This is a developing story and will be updated.

Edited by Nikhilesh De.

feature The Takeaway High-frequency trading (HFT), a longtime and controversial practice in traditional markets, is becoming commonplace in crypto, too. Placing trading servers physically close to exchanges’ matching engines can win an edge on speed. This helps HFT firms make large profits in the legacy markets. Crypto exchanges such as ErisX, Huobi and Gemini are…

Kik Backs Away From Jury Trial Request in SEC Fight Over $100M Token Sale

Mar 23, 2020 at 16:42 UTCUpdated Mar 23, 2020 at 16:43 UTCTed Livingston, Kin Ambassadors event, April 2018, NYC. Photo by Brady Dale for CoinDesk.The Securities and Exchange Commission (SEC) and Kik are pushing for a speedy resolution to their ongoing legal battle, with both claiming the other has provided insufficient evidence to support their…

YouNow Sees Strong Revenue Growth After SEC Approves Token Distribution

news In a disclosure expected to be published Wednesday by the U.S. Securities and Exchange Commission (SEC), blockchain-based live-streaming company YouNow reported revenues have grown steadily since the release of its props token in July. The filing follows YouNow receiving approval from the SEC this summer to distribute its props token under a Regulation A+ qualification, one…

Crypto Tracer Chainalysis Raises $13M as It ‘Doubles Down’ on Government Ties

As part of the deal, the crypto tracing firm adds Ribbit Capital General Partner Sigal Mandelker as an advisor. (CoinDesk archives)Crypto Tracer Chainalysis Raises $13M as It ‘Doubles Down’ on Government TiesCryptocurrency intelligence firm Chainalysis said Tuesday that it has raised $13 million in additional Series B financing from Ribbit Capital and Sound Ventures, bringing…

Federal Jury Indicts Three Accused of Posing as Pastors in Alleged $28M Ponzi Scheme

Aug 31, 2020 at 17:17 UTCUpdated Aug 31, 2020 at 17:18 UTCFederal Jury Indicts Three Accused of Posing as Pastors in Alleged $28M Ponzi SchemeThree men accused of passing themselves off as pastors to get churchgoers and other investors to put money into what prosecutors say was $28 million ponzi scheme have been indicted by…

Bitmain Sues Alleged Bitcoin Thief in US Federal Court

NEWS Crypto mining hardware maker Bitmain has filed suit against an anonymous thief in a US federal court. In a complaint submitted to the U.S. District Court, Western District of Washington at Seattle, Bitmain alleges that the unidentified thief stole 617 bitcoin from an account it holds at crypto exchange Binance, and is seeking a jury…

Securities Numbering Body Launches Task Force to Standardize Digital Assets

news The Association of National Numbering Agencies (ANNA) has launched a task force to address digital asset labelings across financial markets. Announced Wednesday, the new task force will consider appropriate International Securities Identification Numbers (ISINs) employed by the International Organisation for Standardisation (ISO), an international body which promotes standardizations across global enterprises. The task force…

Indonesia’s Election Results May Be Good for Crypto, Industry Watchers Say

The winners of Indonesia’s recent presidential election may ensure consistency for crypto policy in the country, industry watchers say.Winning vice-presidential candidate of the current ruling party, Gibran Rakabuming, promised to create blockchain experts during his campaign.Indonesia’s presidential election in February initially ended in controversy when the winning duo claimed victory before official results were released.

LastPass Hack Victims Lose $4.4M in a Single Day

Hackers siphoned a total of $4.4 million worth of crypto from at least 25 LastPass users on Oct. 25, according to blockchain analyst ZachXBT.LastPass is a platform that stores and encrypts password information for users. Its cloud-based storage service was breached in an attack last year that involved targeting an employee and stealing their credentials.ZachXBT

Share this: