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Self-Proclaimed Satoshi Craig Wright Argues Against Delaying Trial After Allegedly Receiving $9.5 Bln Worth of Bitcoin (BTC)

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Thu, 01/16/2020 - 07:52
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  • Self-proclaimed Satoshi Craig Wright doesn't want to delay the trial because he is preparing to present his dissertation

Cover image via www.youtube.com
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As expected, Craig Wright's lawyers asked the court to deny the plaintiffs' motion for a 90-day trial extension period, according to their latest court filing.          

The request is described as "an attempt to delay the trial." The lawyers claim that there is "no good cause" to continue the long-lasting legal battle between Wright and the Kleiman estate.   

Moreover, the self-proclaimed Satoshi is expected to present his dissertation in June, which means that the extension would disrupt his plans. 

"Defendant lives in London, and he has already cancelled for a year the dissertation for his PhD to atten mediation, depostion, and hearing."       

Craig Wright
image by @MrBrendanJay

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Craig Wright Provides List of 16,404 Bitcoin (BTC) Addresses That Contain $9.5 Bln. Is He Real Satoshi? - READ MORE

Wright receives his Bitcoin fortune  

On Jan. 14, U.Today reported a filed notice of compliance where he confirms receiving about 1.1 mln BTC after accessing the infamous Tulip Trust. The nChain chief allegedly received the documents with the private keys that were necessary to unlock his crypto treasures. According to an earlier court order, he was supposed to produce them no later than Feb. 3. 

Despite Wright providing the list of more than 16,000 BTC addresses, the plaintiffs needed more information on the "mysterious" bonded courier, which ostensibly prompted the need to delay the trial.            

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Craig Wright Has ‘Satoshi Nakamoto Scholarship’ Named After Him by Bitcoin Association - READ MORE

BSV takes a breather 

After moving closer to confirming that he is the real Satoshi Nakamoto (a highly controversial claim within the crypto industry), Wright-backed fork Bitcoin SV witnessed a gargantuan rally that allowed a flipping of BSV. However, the BSV price eventually cooled along with the heads of FOMO-driven investors. 

Bitcoin SV
image by coinstats.app

Will BSV recover after this massive drop? Share your take in the comments!  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ripple Unleashes One Bln XRP from Escrow, Community Expects Price to Drop

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  • It is the first day of the month and Ripple has released one billion XRP from its escrow wallet. The community traditionally expects a price drop after such massive dumps

Cover image via stock.adobe.com

It is the first day of another month – this means that Ripple has lavishly thrown XRP from its escrow wallet – one billion coins. Since the start of 2020, this monthly dragon-sized amount was withdrawn in two portions of 500 mln XRP each.

XRP escrow
Image via Twitter

While the XRP price is in the green zone, trading at $0.173095 on CoinMarketCap, the comments under the tweets about the XRP release signify that the community is either indifferent (having got used to these releases already) or is expecting another price drop in the short term.

In January 2018, XRP, the third-largest cryptocurrency, reached an all-time high of nearly $3. Since then, XRP has been light years away from the ATH.

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Many skeptics say that the XRP price is not going to rise even in the long term, mocking those who remain faithful, holding bags of the coin.

As earlier reported by U.Today, many in the community believe that regular XRP releases made by Ripple prevent the price from rising and reaching at least $1. In 2019, a petition was set up on Change.org by crypto influencer ‘Crypto_Bitlord’ who wanted Ripple to stop dumping XRP.

Curiously, later on, another petition appeared on the same platform, requesting Ripple to accelerate the release of XRP in order to increase the coin’s adoption, which would assumingly lead to a massive price surge.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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