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On June 30, a jury trial was scheduled for the notorious Kleiman v. Wright lawsuit on October 13. Now a recent filing from the plaintiffs notes that when Craig Wright’s ex-wife Lynn Wright recently testified, she revealed a number of interesting findings. Lawyers representing the Kleiman estate say her testimony brings the “infamous “Tulip Trust” … Read more
In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is not attractive for the U.S. Admitting that Facebook’s Libra project was a wake-up … Read more
The ongoing Kleiman v. Wright case saw expert testimony on Monday from the plaintiff’s cryptography specialist, alongside the defendant Craig Wright’s witness, Nchain CTO Steve Shadders. The court participants discussed parsing through 27,000 bitcoin addresses as well the Kleimans’ forensic expert finding discrepancies within specific documents and contracts between the two business partners. Moreover, it … Read more
The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies … Read more
The Federal Bureau of Investigation has reportedly revealed that it is working on 130 cryptocurrency-related investigations, citing an increase in illegal activity facilitated by crypto payments. These cases “encompass crimes such as human trafficking, illicit drug sales, kidnapping and ransomware attacks.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space FBI’s 130 Crypto-Related Cases The … Read more
The US Secret Service is worried about the illicit use of cryptocurrencies. A high-ranking official of the agency has urged Congress to consider additional legislation to address anonymity-enhanced cryptocurrencies and services intended to obscure transactions on blockchains such as tumblers or mixers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Undermining US Laws Deputy … Read more
