From self-plagiarism to poor multitasking, the self-proclaimed Bitcoin inventor offered an explanation for every inconsistency pointed out by opposing counsel during his first cross-examination in the London court case.
Craig Wright Accused of ‘Industrial Scale’ Forgeries in First Day of COPA Trial
A highly anticipated trial probing Australian computer scientist Craig Wright’s claim to fame as the pseudonymous author of the groundbreaking 2008 Bitcoin manifesto kicked off Monday at a U.K. high court, where a judge decided Wright could add some new evidence to back up his case.
Bitcoin SV (BSV) Price Dips Following Coinbase Delisting
Bitcoin SV (BSV), a hardfork of the Bitcoin token, has drawn much attention in the last day after top American exchange Coinbase announced its termination of support for the asset. Following this news, BSV’s price has taken a hit, falling by over 5% in the last 24 hours.
Coinbase Ends Support For Bitcoin SV
In an X post on February 3, Coinbase shared that it had officially withdrawn support for BSV on its platform. This announcement follows a previous post in December when the exchange first communicated its intentions to delist BSV.
According to Coinbase, all BSV remaining in customers’ wallets have been liquidated and replaced with the equivalent market value of another asset. However, the exchange states that certain wallets may not receive any compensation assets due to the transaction costs associated with the liquidation and replacement process.
As a reminder, any BSV funds in your Coinbase account have been liquidated and converted to the equivalent market value of another supported digital asset and credited back to your account, minus any transaction costs.
— Coinbase Assets (@CoinbaseAssets) February 3, 2024
As of now, Coinbase has provided no official reason behind its decision to remove BSV from its coin offerings. However, it is worth noting that Bitcoin SV has been a rather controversial asset since its creation in 2018.
Notably, the BSV blockchain network has been subject to multiple 51% attacks in the past due to its rather “centralized” structure, which serves as a source of concern to many exchanges. Aside from Coinbase, other top exchanges that have delisted Bitcoin SV include Binance, Kraken, Bittrex, Robinhood, etc.
Furthermore, the token’s founder Craig Wright has continuously drawn criticism to himself for claiming to be the anonymous inventor of Bitcoin – Satoshi Nakamoto. In 2022, Wright filed to obtain the Bitcoin copyright and block the operations of the Bitcoin network and Bitcoin Cash claiming a violation of intellectual property. However, the court rejected this petition in the face of surmountable evidence against the plaintiff.
Bitcoin SV Price Overview
At the time of writing, BSV trades at $72.65 with a 5.61% price loss on the last day but a 0.10% gain on the weekly chart. Despite an impressive end to 2023 in which it gained by almost 110% in the last week of the year, the Bitcoin hardfork is now down by 15.20% in the last 30 days.
Meanwhile, the token’s daily trading volume is barely positive, having gained by 7.54% to attain a value of $90.39 million. With a total market cap of $1.43 billion, Bitcoin SV ranks as the 52nd largest cryptocurrency in the world.
Time to End Craig Wright’s Harassment Campaign Against Bitcoin Devs
Craig Wright has repeatedly litigated anyone questioning his claim to be Satoshi, harming numerous people in crypto in the process. The Crypto Open Patent Alliance aims to put a stop to this as its case comes to court Feb. 5.
UK Supreme Court Refuses Craig Wright Appeal
In July it was ruled that Wright was only entitled to just 1 GBP in compensation for a libel claim against bitcoin podcaster Peter McCormack.
Craig Wright’s Tulip Trading Must Prove Ownership of Bitcoin in Hacking Case, English Court Rules
The hearing, scheduled to take 15 days, will also seek to determine whether the hack occurred.
Coinbase Ending Support for Bitcoin SV
The crypto exchange de-listed Bitcoin SV (BSV) in 2021. Now, it’s completely removing support for the token.
Craig Wright Wins U.S. Appeal in Billion-Dollar Bitcoin Dispute
A Florida jury was right to say the self-proclaimed inventor of cryptocurrency wasn’t in partnership with David Kleiman when they mined bitcoin together, an appeals court ruled.
Cøbra Can’t Fight $700K Craig Wright Legal Fees as an Anon, UK Judge Rules Again
The pseudonymous Bitcoin.org operator lost an appeal on a November ruling that said he cannot challenge legal fees from the self-proclaimed Bitcoin inventor while remaining anonymous.
Craig Wright’s Financial Disclosure Form in $143M Court Case Was Incomplete
A recent court order grants W&K Info Defense civil sanctions against Wright for incomplete financial disclosures, yet stops short of bringing criminal charges against the so-called inventor of Bitcoin.
Bitcoin Developers Push Back Against Craig Wright’s Claim to Billions of Dollars in Bitcoin
A group of bitcoin developers is fighting a lawsuit in the UK alleging they wrongfully refused to help Craig Wright’s crypto company retrieve billions of dollars worth of bitcoin that the company allegedly lost in a hack, a Monday court filing shows.
Craig Wright’s ‘Lies and Deception’ Justify Minimal Damages Claim, UK Judges Say
Wright says he is the true identity of Bitcoin founder Satoshi Nakamoto, and took a libel case against crypto podcaster Peter McCormack
Craig Wright Must Pay $516K to Pursue Case Against Kraken, Coinbase: UK Judge
Wright claims he’s Bitcoin White Paper author Satoshi Nakamoto and holds intellectual property rights on numerous cryptocurrencies
UK court grants appeal from Craig Wright in Bitcoin rights lawsuit
The decision reverses a prior ruling, allowing Craig Wright to appeal a lawsuit claiming copyright to the Bitcoin white paper and database.
Craig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal
Craig Wright, who claims to be Bitcoin inventor Satoshi Nakamoto, will be able to argue his case that the Bitcoin file format should receive copyright protection under UK law after a bench of three UK judges accepted his appeal to a previous court denial, according to a court filing.
UK Law Commission report challenges Craig Wright’s suit against Bitcoin developers
A report published by the UK Law Commission bolsters Bitcoin core developers’ defense that they are not liable for 111,000 BTC taken by hackers.
Bitcoin defense lawyer says Craig Wright lawsuit could harm open source software
The Bitcoin Defense Legal Fund’s chief legal officer spoke out against an “extraordinarily dangerous” lawsuit initiated by Craig Wright, a person who claims to be Bitcoin creator Satoshi Nakamoto.
Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct, U.S. Judge Says
The computer scientist who claims to be Satoshi Nakamoto is still engaged in a $143 million dispute over bitcoin ownership.
Craig Wright’s UK Contempt of Court Case Over Alleged Embargo Breach Abandoned
Judges at the High Court in London said they didn’t have the resources to explore the issue fully.
7 people who could be Bitcoin creator Satoshi Nakamoto
To this day, the exact identity of Satoshi Nakamoto remains a mystery.