Tuesday, April 13, 2021
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Craig Wright Produces Documents For Third Tulip Trust In Case With Kleiman Estate; Bitcoin SV Pumps 28%

by firstcryptonews
January 24, 2020
in News
Craig Wright Produces Documents For Third Tulip Trust In Case With Kleiman Estate; Bitcoin SV Pumps 28%

Craig Wright presented new documents on Monday (January 6) regarding the third Tulip Trust. The value of Wright’s Bitcoin SV rebounded 26% as investors took cues from this new development in the legal battle with Kleiman estate. The cryptocurrency has now overtaken Binance Coin (BNB) by market capitalization.

Wright Presents Documents With Information About Tulip Trust III
Wright’s legal team has presented Florida courts with over 420 new documents regarding his case with Ira Kleiman (brother to now-deceased Dave Kleiman). One of these documents supposedly entails the details of the third Tulip Trust that holds 1.1 million bitcoin.

Wright’s lawyers marked this document as “confidential”, a move has led some to believe that Craig Wright and his partner Dave Kleiman could have indeed created bitcoin. The Kleiman estate has, therefore, filed a motion to seal the document for 10 days to give Wright enough time to redact the sensitive parts.

Additionally, Kleiman estate’s legal team said they had not seen the new Tulip Trust III document before it was brought forward on January 6 and Wright did not give any explanation whatsoever as to why it was brought in late.

The Infamous Kleiman vs Wright Case
The Kleiman vs Wright case has been dragging on since February of 2018. The premise of the case is that Wright mishandled the bitcoin jointly mined by him and his late partner Dave Kleiman. The Kleiman estate sued Wright for allegedly preventing them from getting hold of Dave Kleiman’s share of the bitcoins.

Following this case, Judge Bruce Reinhart ordered Wright to transfer half of the bitcoins to Ire Kleiman late last year after finding him guilty of forging documents which included information about Tulip Trust I and Tulip Trust II. Wright later stated that he would receive information regarding how he would access the bitcoin stash on January 1, 2020, via bond courier.

A few days prior to the D-day, Wright told Bloomberg News that he thinks the bond courier that was meant to deliver the “private keys” might never arrive. This revelation irked the cryptocurrency community with many speculating that he was just lying in order to buy himself some more time.

Nonetheless, Wright’s legal team handing in the new 428 documents has reignited the possibility of him having access to his bitcoin stash mined from 2009 to 2013 and ultimately being one of the bitcoin creators. All he has to do to prove he is Satoshi Nakamoto is move the bitcoin held in the only bitcoin address which could pass as the one that mined such an insane sum of BTC.

BSV Gains 28% On Tulip Trust III News
This new development has excited the Bitcoin Satoshi Vision (SV) bulls. At press time, the cryptocurrency is trading at $161, up by 28 percent on a daily chart after hitting an intraday high of $153 yesterday.

This rally has allowed the coin to comfortably overtake Binance Coin (BNB) to become the world’s eighth-largest cryptocurrency with a market cap of $2.9 Billion.

Notably, these gains come at a time when most major cryptocurrencies like bitcoin (BTC) and ethereum (ETH) are striving for upward momentum. Bitcoin is up by 3.5% while ETH has gained 4.6%, according to CoinGecko’s data.

Related Posts

obortech

OBORTECH Brings Defi Solution to Mounting Supply Chain Crisis

by firstcryptonews
March 26, 2021
0

World Economic Forum has estimated that as much as 20% of total transportation cost within global trade goes to document...

100k Bitcoin options set to expire: here’s what to expect from the market

by firstcryptonews
March 10, 2021
0

Bitcoin’s price is currently $54000 based on data from coinmarketcap.com; as Bitcoin rallies towards its previous ATH of $58330, the...

savix

Savix: The Perfect Defi Solution For Passive Income

by firstcryptonews
March 7, 2021
0

Decentralized Finance (DeFi) has emerged as the biggest success story from the crypto-verse in 2020 with a market capitalization of...

Musk’s Doge, Bitcoin Tweets May Spur Double-Digit Returns

Musk’s Doge, Bitcoin Tweets May Spur Double-Digit Returns

by firstcryptonews
February 6, 2021
0

Billionaire and Tesla's head Elon Musk’s Twitter activity is not only stirring controversy, but it also triggers abnormal trading volumes...

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

by firstcryptonews
October 14, 2020
0

Once again, Russia has a worrying idea for the local crypto industry and users as Russia’s Central Bank announced a new proposal...

epoxydao

EpoxyDAO – Bringing Crypto and eCommerce together

by firstcryptonews
October 11, 2020
0

To mitigate the volatility associated with cryptocurrencies, stablecoins have come out as the next big thing in eCommerce. These are...

Next Post
Tron’s TRX Fails To React As Founder Justin Sun Announces New Secret Project

Tron’s TRX Fails To React As Founder Justin Sun Announces New Secret Project

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?

With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?

2 years ago
Why NOT to attend ChainPoint 19!

Why NOT to attend ChainPoint 19!

2 years ago
Bitcoin Will Slowly Rise Overtime Without Quick Influence By Scalability – BitMEX Research

Bitcoin Will Slowly Rise Overtime Without Quick Influence By Scalability – BitMEX Research

2 years ago
Super8 Coin : Move Super8 in a second for less than a cent.

Super8 Coin : Move Super8 in a second for less than a cent.

2 years ago
paid network

Decentralized law dispute resolution services

4 months ago
puregold

PGPay set to start its public sale on 16th November on VinDAX launchpad

1 year ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Will Twitter follow MicroStrategy’s Bitcoin strategy?

Will Twitter follow MicroStrategy’s Bitcoin strategy?

March 2, 2021

Recent News

obortech

OBORTECH Brings Defi Solution to Mounting Supply Chain Crisis

March 26, 2021

Press Release

Multiplays

Multiplays: Blockchain Gaming Reinvented Using NFTs

April 11, 2021

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News