Craig Wright, whose claim to be Bitcoin’s creator, Satoshi Nakamoto, was rejected by a UK High Court, is suing Bitcoin Core developers again.
He argues they misrepresent Bitcoin (BTC) as the original version, insisting that Bitcoin SV (BSV) is the true successor.
Wright’s latest lawsuit, seeking £911 billion, stems from alleged market value discrepancies between BTC and BSV. Hodlonaut, a previous victor in a defamation case against Wright, criticized his new legal move, suggesting it reflects Wright’s delusions.
The Crypto Open Patent Alliance (COPA), which previously defeated Wright’s claims, expressed confidence that this lawsuit will fail as well.
Wright’s argument targets recent Bitcoin Core updates like SegWit and Taproot, claiming they stray from Satoshi’s vision. However, Satoshi’s final communication indicated a handover of Bitcoin’s stewardship to the community, highlighting its decentralized nature.
Wright’s claims of intellectual property ownership lack credible evidence, raising skepticism and confusion. His ongoing legal battles provoke critical discussions about the governance of open-source projects, but the decentralized essence of Bitcoin remains intact, preventing any individual from claiming control.
A new report from analytics firm Alphractal is shedding light on a potential recurring pattern in the Bitcoin market that could hint at incoming volatility followed by a period of price stability.
Japanese investment firm Metaplanet is rapidly scaling up its Bitcoin exposure, with the company disclosing a fresh purchase of 1,004 BTC in its latest filing.
Bitcoin, now valued around $2 trillion, has entered a new phase in its evolution — one that may see its total market capitalization rival gold’s $22 trillion dominance, according to several prominent investors.
Strategy, the business intelligence firm renowned for its relentless Bitcoin accumulation, has just made another massive investment — snapping up $765 million worth of BTC in its latest buy.