Does Craig Wright Have Access to Encrypted Satoshi Files With Private Keys for $7.5B in BTC?

The class-action lawsuit filed by the Kleiman Estate against Craig Wright, the self-proclaimed Bitcoin creator and former partner of late Dave Kleiman has seen several twists and turns with no definitive outcome.

Kleiman Estate is suing Wright to get access to the Bitcoin mined by Wright in partnership with Dave Kleiman, while Wright maintains there was no such partnership.

The latest twist in the case came from the Kleiman Estate, which now claims that Wright had access to the Encrypted Files believed to be those of Satoshi, which contains private keys associated with 820,000 Bitcoin. The Estate filed a new court document on 21st May claiming Wright has the access to Encrypted Files but he won’t do so since it contains clear evidence of his partnership with Dave.

The court document claimed that $1.6 million worth of Bitcoin has been spent from the addresses submitted to the court as a proof suggesting Wright has access to those private keys. It also points to the threats made by Wright about crashing the Bitcoin market, which is only possible by a large amount of dump in the market.

Craig Wright has since submitted a list of 16,404 BTC addresses to prove his claim of being the owner. However, Kleiman’s Estate claimed that this is one of the three batches of addresses which Wright has access to and the fact that a significant amount of BTC has been spent from these addresses “is incontrovertible evidence that Wright has either:

  • Submitted a fraudulent/incomplete list of his bitcoin as the CSW Filed List and/or
  • He does have access to a list of his bitcoin and the private keys associated with them and is lying.

The legal team further points out that Craig Wright throughout the case has lied, submitted misleading filings, caused obstruction with forged evidence are clear signs that Wright has access to the Encrypted files.

Kleiman Estate Lists Lies and Perjuries of Wright

The legal court document also lists four instances where Wright has either lied during the case or submitted forged documents. The one being just last week where Wright has submitted a forged divorce document.

The document claimed that Wright’s wife too lied about the claims of his husband since she is financially dependent on him and thus had clear reasons to do that. The document also claimed that she has lied in the past.

The Kleiman Estate in its legal filing also criticised the court for being soft on Wright and only putting sanctions despite him showing no respect for the legal procedure and the court, as evident from his continuous lying. They appealed to the court to take strict action against the accused to keep him in check. The court filings read:

“For the foregoing reasons, Plaintiffs respectfully request that the Court issue an order pursuant to its inherent powers striking Dr. Wright’s Amended Answer and entering a default judgment against Dr. Wright.”

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Author: Rebecca Asseh

The Plot Thickens as Craig Wright Brings Tulip Trust III Into the Picture, BSV Jumps 30%

The lawsuit by the estate of self-proclaimed Craig S. Wright’s late partner for half for 1.1 million BTC is seeing yet another twist.

On Jan. 6, Wright furnished over 400 new documents to the Florida court including the one that reveals the existence of yet another Tulip Trust. This third Trust allegedly holds the infamous 1,100,111 BTC.

Wright’s late partner Dave Kleinman’s brother Ira Kleinman pursuing the lawsuit claims that he is entitled to half of these 1.1 million BTC that is currently worth $8.7 billion.

The original Tulip Trust is the encrypted document containing the keys to the 1.1 million BTC that Wright said he locked away under Kleinman’s care. The Kleinman brother claims after the death of Dave Kleinman in 2013, Wright attempted to prevent the plaintiff’s family from accessing their portion of crypto funds.

The Curious Case of Tulip Trust I, II, & III

Though Wright claims he is the real Satoshi Nakamoto, proving this has been much harder. And as the case gets dragged on, it is mired in technical and legal jargon.

First Wright said he is unable to confirm how many BTC he has because they are stashed in several international blind trusts. But the judge on the case and Kleinman estate agreed that these trusts are critical to the lawsuit.

Wright then disclosed the Tulip Trust that allegedly has the encrypted document holdings of the private keys to his Bitcoin fortune.

Wright, however, has been accused of forging the documents as the Tulip Trust I was timestamped Oct. 2012 while it was created in 2015. According to Wright, this was because the document was scanned by an optical character recognition program using the newer font.

But Judge Reinhart said the document didn’t add up that led Wright to talk about the Tulip trust II.

This Trust, Wright said will be delivered to him on Jan. 1, 2020 by a bonded courier but still, after closing into two weeks into the new year, he hasn’t confirmed that.

Now, this filing is the first mention of the Tulip trust III. Klienma’s lawyers aren’t happy about it. And although Wright flagged it as “confidential” and could ask for it to be sealed, Kleinman’s lawyers have agreed to keep things moving.

BSV Applauds Wright’s Efforts

The news of Wright producing a third Tulip trust has Bitcoin Satoshi Vision (BSV), the hard fork of Bitcoin Cash which has been the hard fork of Bitcoin Core, jumping 30% in a few hours.

At the time of writing, BSV has been trading at $147.85 as per Coincodex while managing $25 million trading volume on ten exchanges with real volume.

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Author: AnTy

Century and a Half Year Old UK Church Is On Sale for $1.5 Million with Bitcoin Payment Options

Rightmove, a major United Kingdom-based real estate website, is selling a 150-year-old church in the country for around $1.5 million USD (or $1.2 million GBP) and the vendor is accepting Bitcoin (BTC) as a method of payment.

According to the listing on the site, the church, which was converted into a seven-bedroom property, was created back in 1871. Known formerly as the St. Laurence’s Church, the property is based in County Durham.

The owner of the property has agreed to sell it for BTC, but the price needs to be confirmed during the time of the sale. At the moment, the property is worth 182.34 BTC, but the asset is very volatile, so it is pretty much expected that prices will change soon.

Bitcoin And The Real Estate Market

This is only one of several places that can be bought using crypto. Aston Plaza, for instance, provided several other properties. The company was focused on the Bitcoin-oriented real estate market and it paused its activities recently, but still offers some properties for sale.

One of the main issues that people find while trying to sell property with Bitcoin, is that there are not many people getting rich with BTC anymore. The market boomed in 2017 when several investors got rich, but despite the high gains this year, not everybody is using BTC to pay for real estate anymore. Fortunately, this has not stopped some companies from offering Bitcoin payments as an option.

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Author: Gabriel Machado

New Blockchain-Based Real Estate Business to Launch in Japan, Thanks to Sumitomo and bitFlyer

New Blockchain-Based Real Estate Business to Launch in Japan, Thanks to Sumitomo and bitFlyer
  • The real estate industry is starting to increase interest in the use of blockchain technology.
  • A new partnership between a Japanese business giant and a crypto exchange will make it possible to handle rental transactions from a smartphone.

Blockchain technology is one of the most innovative solutions to come from cryptocurrency, and the traditional banking industry has begun to examine the use of this ledger as well. However, the complications involved with the real estate industry has been working to minimize their complicated paper processes by introducing this immutable ledger technology.

The most recent change in this industry involves a collaboration between Sumitomo Corporation and bitFlyer, who will be working to launch a blockchain real estate business.

The bitFlyer Blockchain will be creating an umbrella platform that is focused on renting real estate, which will involve smart contracts. Yuzo Kano, the managing director of the bitFlyer Blockchain, stated that he hoped the project would allow anyone involved with a rental property to handle all of the data on a smartphone.

Speaking with CNET Japan, Kano stated, “It can greatly simplify the real estate rental contracts process, and the intermediary company can also reduce its significant administrative costs.”

According to the publication, while the full rollout of the project isn’t expected until 2020, the prototype should be ready before the end of 2019.

This announcement comes around the same time that the real estate industry begins to gain more attention with the use of blockchain technology. Malta, for example, recently stated that all of their real estate rentals would be logged on the blockchain, and the idea of tokenizing this industry is also gaining traction.

This development is also a major milestone for bitFlyer Blockchain, entering a new market with their exchange operation. This month, the company only just started accepting new accounts, following a year-long holdup over their compliance with regulations governing the exchange.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Krystle M