Court Not to Dismiss Claim Against Craig Wright

Craig Wright is accused of misappropriating 1.1m Bitcoins by Ira Kleiman 
28 December 2018   736

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.

US Presidental Candidate to Accept BTC Donations

OpenNode payment solution allowed fans of Andrew Yang to show support by sending Bitcoin donations using the
25 July 2019   372

Supporters of the US presidential candidate from the Democratic Party, Andrew Yang, launched the independent political actions committee of the Humanity Forward Fund, realizing in particular the possibility of bitcoin donations from Lightning wallets. It is reported by CoinDesk.

Technical integration of the solution was made possible through the OpenNode payment service.

The super PAC obviously wants to receive donations as large as possible. But at the same time, individuals who want to donate just a bit to Yang’s platform now have that opportunity. It allows the donors to have all of the amount go toward the actual donation rather than miner fees.
 

Afnan Rahman

CEO, OpenNode

According to representatives of the Humanity FWD, donations will be accepted exclusively in Bitcoins for 21 days after the launch of the committee. After this, it will be possible to support Young with fiat means.

At the same time, whether the Humanity FWD will store the received bitcoins or immediately convert them into Fiat, they have not yet decided in the committee.

Potentially earning or losing money creates additional regulatory requirements.
 

Seth Cohen

Founder, Humanity FWD 

He also stressed that the OpenNode commission of 1% is much lower than similar fees for processing services processing credit card transactions.

It is worth noting that one of the promises of Andrew Young, who is running for the US presidency, is “promoting legislation that provides clarity” for cryptocurrencies.

Young became the first participant in the 2020 race, who proposed a specific cryptocurrency policy. In particular, he intends to contribute to determining the status of a token [with recognition of the existence of utility tokens], powers of federal agencies, ensuring consumer protection in the field of cryptocurrency, developing a clear tax policy and creating a unified regulatory framework.