The crypto news headlines at the start of May with regard to Kleiman v. Wright were mostly variations on the theme of Craig Wright’s Satoshi case going to trial. The two parties appear well entrenched in their positions, and lawyers for both sides have said they expect the trial to begin as scheduled on July 6, 2020, in Florida. Does this mean there will be no settlement? “This is not like an ordinary commercial dispute where the parties can agree they’ve got a 50-50 chance of winning on an ambiguous contract provision, so they just split the difference,” Jason Gottlieb, …

The signs of the apocalypse are upon us: Bitcoin (BTC) transaction fees peaking, block time increasing, and the mempool is becoming congested — all as predicted by Zach Resnick, a managing partner at Unbounded Capital. Flash crash is more likely When Resnick spoke to Cointelegraph on May 8, he argued that the “death spiral” scenario is not priced in and that the community underestimates its probability. He claimed that there is still maybe only two to three percent chance of the halving killing off the chain completely, but in his opinion, Bitcoin was being priced as if there was a …

There are many halving predictions yet to come true — among them Satoshi claimant Craig Wright’s “long-term advance notice” from 2018 that he intended to crash the Bitcoin price. The warning emerged from a Slack group that Wright uses to communicate with his acolytes, and his dastardly scheme makes fascinating reading. Dismissed at the time Wright’s sell-off threat came just prior to the much-hyped fork of the Bitcoin Cash blockchain to create Bitcoin SV. Although there were some true believers who clearly relished the prospect of these events actually occurring, it was dismissed by many at the time as typical …

The Kleiman estate intends to file a motion for sanctions against Craig Wright claiming that a list of Bitcoin addresses he provided the court were fake. They also claim that he provided a "false notice" to the court about the mysterious bonded courier who Wright said would show up in January with the keys to Satoshi’s 1.1 million Bitcoin. In a motion for a brief extension to the May 8 deadline filed earlier today, Kleiman's legal team wrote: "Plaintiffs intend to file a sanctions motion based on Defendant’s conduct in these proceedings. This motion will include, but not be limited …

The man who claims to have written the Bitcoin whitepaper has been accused of committing plagiarism again, this time in his doctoral thesis. PaintedFrog, the pseudonymous writer who previously accused Dr. Craig Wright of plagiarizing his 2008 law degree dissertation for Northumbria University, has posted his analysis of Wright’s 2017 PhD thesis from Charles Sturt University (CSU). The blogger posted purported screenshots of Wright’s thesis, “The Quantification of Information Systems Risk: A Look at Quantitative Responses to Information Security Issues,” alongside several other publicly available sources. Cointelegraph contacted Dr. Wright prior to publication of this story, and will update the …

Lawyers representing both sides confirmed to Cointelegraph that they expect the trial to convene on July 6. The case that has been captivating the crypto community for several years now may finally receive a resolution. On May 1, Judge Bloom, who presides over the case, issued a court order for the trial to begin on July 6. More importantly, the lawyers representing both sides confirmed that they are not planning to file any motions that could delay the trial and are eagerly looking to the opportunity to prove their case in court. The war of words between legal teams Dr. …

Ethereum founder Vitalik Buterin has taken a veiled swipe at Satoshi claimant Craig Wright over his blockchain patent portfolio, resulting in a heated debate on Twitter. Buterin said that anyone who brags over blockchain patents does not understand blockchain: Tweet: If you're bragging about how many "blockchain patents" your country/company/organization has, you don't understand blockchains. — vitalik.eth (@VitalikButerin) April 23, 2020 Wright (nChain’s chief scientist) claims nChain has filed more than 800 applications for blockchain patents, and has been granted between 50 to 100. This patent portfolio poses a legal threat to blockchain projects from Bitcoin Cash to Lightning, and …

Bitcoin SV’s Jimmy Nguyen has denied claims he is “intentionally evading” a subpoena in the long-running court case brought by the Kleiman estate against Satoshi-claimant Craig Wright. Nguyen’s legal team has submitted an opposition to the Kleiman estate’s motion that he comply with a subpoena to produce documents and testify in the case, which involves a dispute over ownership of the 1.1 million Bitcoin Dave Kleiman allegedly mined with Wright. The plaintiffs had argued "Mr Nguyen may be intentionally evading service" based on the "sheer number of unsuccessful service attempts." But Nguyen’s submission said he wasn’t difficult to track down, …

Bitcoin has had a rough week, down around 9 percent and trading below $6,700. Ross Ulbricht, the founder of Silk Road, believes we’re in a bear market that could even take the price under $3,200. Ulbricht is serving two life sentences for money laundering, computer hacking, and conspiracy to traffic narcotics. Mike Novogratz disagrees. The famed investor and CEO of Galaxy Digital Holdings Ltd., is seeing greater adoption of Bitcoin, including among hedge funds and high-net worth individuals. He’s shorting stocks but believes “this is the time for Bitcoin.” It’s certainly time for debt. The US national debt has now …

Another episode of the Kleiman v. Wright saga concluded Monday with District Court Judge Beth Bloom ordering Craig Wright to turn over the 11,000-plus documents that Wright had declared “privileged.” Riveting the crypto world for more than two years, the case centers on 1.1 million Bitcoin that may or may not have been mined by Satoshi Nakamoto, Bitcoin’s founder, which may or may not be in a trust controlled by Craig Wright, who claims to be Satoshi Nakamoto himself. If any Bitcoins are retrieved, Wright may have to share them with the estate of his former business partner, the late …

There may soon be a new twist in the long-running legal case involving famous self-proclaimed Bitcoin (BTC) creator, Craig Wright, and the estate of his alleged former partner, Dave Kleiman. Wright, one of the most well-known figures to claim the mantle of Bitcoin’s creator, Satoshi Nakamoto, has been ordered to provide documents supporting the case by April 17. In an April 13 court order, United States district court Judge Beth Bloom overruled Wright’s objection to providing case documents on the basis of attorney-client and spousal privilege. Wright is once again ordered to provide real evidence for holding his Bitcoin fortune …

Crag Wright, the self-proclaimed Satoshi Nakamoto and chief scientist at NChain, has dropped a libel lawsuit against Adam Back over the Blockstream chief executive’s assertion that Wright was fraudulent in claiming to be the creator of Bitcoin (BTC). Wright filed the complaint alongside similar suits targeting Ethereum cofounder Vitalik Buterin, Bitcoin.com founder Roger Ver, podcaster Peter McCormack, and Twitter user ‘Hodlnaut’ one year ago. Craig Wright drops libel suit against Blockstream CEO On April 12, Adam Back tweeted that Craig Wright had abandoned his libel suit. Back stated that Wright’s representation “declined to give any explanation of why Craig retracted.” …