Court Not to Dismiss Claim Against Craig Wright

Craig Wright is accused of misappropriating 1.1m Bitcoins by Ira Kleiman 
28 December 2018   643

The court of the Southern District of Florida State refused to reject the claim to nChain Chief Researcher Craig Wright, who was accused of embezzling 300,000 bitcoins.

Initially in February, Ira Kleiman, the brother of forensic computer investigator and writer Dave Kleiman, accused Craig Wright of misappropriating 1.1 million bitcoins. After the death of Dave Kleiman in 2013, Wright volunteered to help the relatives of his former business partner to dispose of the remaining bitcoins.

According to the lawsuit, Wright fulfilled the terms of the agreement, but did not return the cryptocurrency. Self-proclaimed Satoshi Nakamoto is also accused of "creating a scheme for the purpose of assigning Bitcoins and intellectual property rights to Dave Kleiman associated with Bitcoin technology."

The amended lawsuit states that Craig Wright has already converted about 300,000 bitcoins and transferred them to the management of several international trusts without the consent of Kleiman’s relatives.

Until January 10, Wright must give an answer to the charges.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   236

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
 

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.