Cryptocurrency

Craig Wright is not the creator of Bitcoin, UK court confirms

Key Takeaways

  • A British court has ruled that Craig Wright is not Satoshi Nakamoto, rejecting his long-standing claim to the identity of Bitcoin’s creator.
  • COPA initiated the lawsuit to prevent Wright from claiming ownership of Bitcoin’s open source technology or filing lawsuits against developers and other participants in the cryptocurrency sector.
  • This decision is a victory for the cryptocurrency community, emphasizing the importance of maintaining Bitcoin’s open source nature and protecting it from unfounded legal challenges.

British judge James Mellor said Australian computer scientist Craig Wright He cannot be credited as the mysterious founder behind Bitcoin (BTC).

This case, which began on February 5, gained solid ground through final arguments on March 12. Wright’s argument of being Satoshi Nakamoto As if there is no basis in the eyes of the law.

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The lawsuit against Wright is as follows: Submitted by COPA (Crypto Open Patent Alliance) Established Community In 2020, we will promote growth and innovation in cryptography by removing patents as a barrier. Its 33 members include notable organizations. like coinbaseMicroStrategy, Blocks and Kraken.

COPA is It accused Wright of producing vast amounts of forged documents. Nakamotora said the following to support his claim:

Dr. Wright was found to have lied on a grand scale<...>. He created an entire biographical history and produced a series of forged documents to support it.

Allied forces begin legal action to receive judgment block the light claim ownership of Bitcoin’s open source technology; Litigation in progress It is aimed at developers and other participants in the cryptocurrency sector.

The Confederacy’s victory in court highlights: It is the cryptocurrency industry’s collective resolve to defend the open source nature of Bitcoin’s underlying technology.

As the situation calms down, the cryptocurrency community continues to champion the ideals of openness and innovation to drive the sector forward.

In other Bitcoin-related news, Canadian rapper Drake shed light on the cryptocurrency via his Instagram Stories with insights from Michael Saylor.

With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst who delivers data-driven and fact-based content as well as speaking to both Web3 natives and industry newcomers.
Aaron is our go-to guy for all things digital currency. With a huge passion for blockchain and Web3 education, Aaron is working to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been quoted in several popular media outlets and is a published author himself. In his spare time, he enjoys researching market trends and looking for the next supernova.


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