A Florida jury found that Wright did not owe half of 1.1 million Bitcoin to the family of David Kleiman. The jury did award $100 million in intellectual property rights to a joint venture between the two men, a fraction of what Kleiman's lawyers were asking for at trial.
Now the cryptocurrency community will be looking to see if Wright follows through on his promise to prove he is the owner of the Bitcoin in question. Doing so would lend credence to Wright's claim, first made in 2016, that he is Nakamoto. The name Nakamoto, roughly translated from Japanese to mean "at the center of," was never considered to be the real name of Bitcoin's creator. Some in the cryptocurrency community do not even believe Nakamoto was a single individual.
David Kleiman died in April 2013 at the age of 46. Led by his brother Ira Kleiman, his family has claimed David Kleiman and Wright were close friends and co-created Bitcoin through a partnership. Kleiman's estate was suing for half of the Bitcoins in question as well as intellectual property rights.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
If Bitcoin is any indication, markets will be in for more volatilityBig drops in an asset like Bitcoin have the potential to lower confidence among the larger population of bettors
Source: nationalpost - 🏆 10. / 80 Read more »
Spotify pulls some comedy content amid royalties disputeSpotify is not joking around amid a dispute over royalties for comedy content. The streaming giant has removed the work of hundreds of comedians from its platform -- including Tiffany Haddish, Kevin Hart and the late Robin Williams -- according to rights agency Spoken Giants.
Source: CP24 - 🏆 30. / 67 Read more »
Déjà vu 2021 election weakens Liberal hand in disputes with ParliamentWhere once the government fenced with the opposition majority in Parliament, they are now forced to offer compromise Liberal MP who tweeted “every skinny aboriginal girl is on crystal meth” has been named parliamentary secretary for Crown-Indigenous relations. The appointment carries a bonus to the $185,800-a year salary for MP Jaimie Battiste (Sydney-Victoria, N.S.).
Source: globeandmail - 🏆 5. / 92 Read more »
No plans to suspend events in China over Peng Shuai, says ITF chiefDavid Haggerty says ITF doesn’t ‘want to punish a billion people’ And now we know who ITF works for Meanwhile Back at Little Potato 🥔 HQ ❄️🎈🤡🧦😜🇨🇦 🇨🇳 ITFTennis Cowardly!
Source: globeandmail - 🏆 5. / 92 Read more »
Maxime Bernier holds on to leadership of Peoples' Party of CanadaBernier won his party\u0027s leadership race with 96% of the vote. Crazy votes crazy Who? Unite the right
Source: VancouverSun - 🏆 49. / 61 Read more »