court case

Billion Dollar Bitcoin Lawsuit Continues as Craig Wright Breaks Settlement

</header> <strong>In early September, the high-profile court case Kleiman v. Wright looked as though it was coming to an end as the two parties reached a non-binding settlement. Then on October 30, without much notice, Wright explained that he couldn’t finance the settlement and the agreement was broken. Now the trial will start again and …

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Indian Supreme Court Postpones Crypto Case to November

<header class=”article__header”> </header> <strong>The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case today.</strong> Also read: RBI Ban …

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Court Instructs Craig Wright to Distribute Billions to Plaintiffs

</header> <strong>On August 26, the self-proclaimed Bitcoin inventor, Craig Wright, was ordered by Southern District Court of Florida to distribute half of his <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> holdings and intellectual property assets from prior to 2014. According to the Kleiman estate attorney Vel Freedman, the family has waited a long time for the …

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RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today

<header class=”article__header”> </header> <strong>The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them.</strong> Also read: India …

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Israeli Court Rules Bitcoin Is an Asset

<header class=”article__header”> </header> <strong>An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor of the tax authority, endorsing …

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Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright

<strong>On March 15, well-known Bitcoin developer Jeff Garzik revealed he was subpoenaed by the U.S. District Court of Southern Florida in the infamous Kleiman vs Wright bitcoin lawsuit. The Kleiman family is suing the self-proclaimed Satoshi for roughly 300,000 BTC and Garzik has been served by the court and asked to submit assorted documents and …

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Court Reconsiders Ruling After SEC Proves Tokens Are Securities

<strong>After failing to convince a federal court regarding the nature of Blockvest tokens in the previous hearing, the U.S. Securities and Exchange Commission (SEC) has finally convinced the same judge that these tokens are securities. The agency alleges that the firm and its founder made several false claims regarding their token’s regulatory status.</strong> Also read: SEC …

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Drug Dealer Fights to Prevent Canadian Police From Forfeiting His BTC

<strong>A Canadian online drug dealer, snared by an undercover police agent on the dark web, is pleading to be allowed to keep half of the 288 bitcoins that police seized from him as proceeds of crime. With prosecutors seeking a court order to forfeit the crypto stash, worth CAD$1.4 million (US$1.1 million), the 30 year-old …

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