Original Bitcoin Innovator Craig Wright Scores Victory In Billion-Dollar Court Case
Portfolio Pulse from Murtuza Merchant
Craig Wright, who claims to be the founder of Bitcoin, has won a U.S. Appeals Court case, ruling that he was not in a legal partnership with the late David Kleiman when they mined Bitcoin together. The ruling upheld a 2021 decision over whether the Kleiman estate had a right to the supply of minted bitcoin, believed to be worth billions. Wright's recent legal battles also include a lawsuit against UK-based crypto developers.
October 27, 2023 | 4:31 pm
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NEUTRAL IMPACT
The court ruling in favor of Craig Wright, who claims to be the founder of Bitcoin, may have implications for the Bitcoin market. However, the direct impact on Bitcoin's price is uncertain.
The court ruling is a significant event in the Bitcoin community as it involves the person who claims to be the founder of Bitcoin. However, it's unclear how this legal victory will directly affect the price of Bitcoin in the short term. The market's reaction to this news will be crucial to observe.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100