Dave Kleinman’ Estate Has Sued “Bitcoin Creator” Craig Wright for $10 Billion

The self-professed Satoshi Nakamoto is being sued by Dave Kleiman’s estate  
27 February 2018   229

Dave Kleiman claims that Craig Wright allegedly wanted to steal his Bitcoin and intellectual property rights. The lawsuit is filed by Dave Kleiman’s estate.

Most people do not believe that Craig Wright is the real Satoshi Nakamoto due to the fact that he failed to provide solid evidence on multiple occasions.

According to the complaint, which was filed by Boies Schiller Flexner LLP on behalf of Kleinman’s brother Ira. It alleges that Kleinman and Wright were both involved with Bitcoin development from the project’s inception. The complaint claimed that the two of them mined more than 1.1 million BTC through W&K Info Defense Research LLC. This company was formed by Kleinman and either owned wholly by him or held in partnership with Wright.

Upon the death of Kleinman Wright allegedly forged and backdated a series of contracts that transferred Kleinman’s cryptocurrency assets to Wright or his associated companies.

According to Wright, he told Ira Kleinman that his brother had signed away these property rights for shares allegedly worth “millions” in one of Wright’s companies. But this company went bankrupt, leaving Kleinman’s estate with nothing.

The plaintiff asked the court to force Wright to return the stolen funds to Kleinman’s estate. At the time of filing, these funds were worth more than $10.2 billion.

Cryptocurrency to be Regulated in France

French Ministry of the Economy and Finances creates working group to regulate cryptocurrency
22 March 2018   117

Bruno Le Maire, the French Minister of the Economy, announced the government initiative to constitute the instructions and regulations towards cryptocurrency. The group is also aimed to decrease the influence of Bitcoin and altcoins to the formal system of economy with the help of required concept. These measures would help French government to prevent tax avoidance and some other criminal activities (such as money laundering).

In an op-ed that was published in French media this week the Minister of the Economy Bruno Le Maire made a promise not to miss the blockchain revolution. He refined the reasons of the French authorities`decision to regulate the technology. According to his point of view, it is impossible for any consumer or entrepreneur to carry out a transaction, invest, develop in business being in a regulatory vacuum. The Minister also put this position on the top among the rest questions to be discussed at G20 Summit in Buenos Aires. Bruno Le Maire is sure that the role of France is to be a driving force in “building the world of tomorrow”.

The Minister is going to present his case at the G20 Summit in 2018 in Argentina. He hopes that the framework can help in decreasing illegal activity in cryptocurrencies. Le Maire also explained that the sphere of digital funds is extremely attractive for criminals.

The leader of the working group is Deputy Governor of the Central Bank of France Jean-Pierre Landau. The French Central Bank supports the Government and hopes there would be no negative impact and consequences for the traditional economy system.

The key object of cryptocurrency regulation is to limit various negative factors in the financial sphere caused by digital money, such as the price volatility. Le Maire claims that at the same time the regulation of the cryptocurrency can support the development of the technology and can even lead to the economic growth. As blockchain can destroy not only traditional daily practices in banking and financial markets, but also patents and certified acts, the French Minister of Economy urges that the working group should foresee all these changes and become “actors of this revolution”, instead of simple viewers.