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   1293

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.

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   98

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.