The UK Supreme Court has delivered a decisive blow to Bitcoin Satoshi Vision (BSV) investors, refusing their $13 billion appeal against major cryptocurrency exchanges. The justices concluded the case failed to raise an arguable point of law of general public importance, reinforcing the legal principle that investors must take reasonable steps to mitigate their own losses in volatile digital asset markets. This ruling marks the definitive end of a long-running legal battle stemming from the 2019 delisting of BSV.
about UK Supreme Court Rejects $13B BSV Investor Appeal Against ExchangesCraig Wright
0 posts last weekBitcoin Miners Sued Over ECC Patent Infringement Claims
Malikie Innovations, a subsidiary of Key Patent Innovations Limited, has sued Bitcoin mining giants Marathon Digital and Core Scientific for allegedly infringing on patents related to Elliptic Curve Cryptography (ECC). The patents, originally developed by BlackBerry subsidiary Certicom, cover cryptographic methods now integral to Bitcoin’s key generation and signature verification. Malikie, which acquired 32,000 patents from BlackBerry in a $900 million deal, seeks damages and royalties, claiming the miners unlawfully use ECC-based methods. If successful, Malikie could recover up to six years of lost royalties. This case highlights ongoing intellectual property disputes in the crypto space, reminiscent of past challenges like Craig Wright’s claim to Bitcoin’s authorship.
about Bitcoin Miners Sued Over ECC Patent Infringement ClaimsUK Court Dismisses $13.3B BSV Lawsuit Against Binance
The UK Court of Appeal dismissed the majority of a $13.3 billion class action lawsuit against Binance and other exchanges, rejecting the argument that Bitcoin SV (BSV) would have appreciated to Bitcoin’s level had it not been delisted in 2019. The court ruled the ‘foregone growth’ theory speculative and unsupported by legal precedent, aligning with a prior Competition Appeal Tribunal decision. The lawsuit, brought by BSV Claims Limited, alleged market harm from the delisting of BSV, a token tied to controversial figure Craig Wright. The court also rejected the ‘loss of chance’ argument, noting damages could not be based on hypothetical scenarios. While the ruling narrows the case significantly, smaller claims related to immediate losses post-delisting may still proceed. BSV’s price fell 13% amid ongoing legal and market challenges.
about UK Court Dismisses $13.3B BSV Lawsuit Against BinanceUK Court Dismisses $13.3B Binance Lawsuit Over BSV Delisting
The UK Court of Appeal dismissed the bulk of a $13.3 billion class action against Binance, rejecting BSV investors’ claims that the token would have reached Bitcoin-level prices if not delisted in 2019. The court ruled the ‘foregone growth effect’ theory was speculative and unsupported, emphasizing investors’ duty to mitigate losses by selling in an open market. While the largest claims were dismissed, smaller cases—such as those from investors who lost access to BSV or sold at a loss—may still proceed. The judgment upheld the Competition Appeal Tribunal’s earlier decision, applying the ‘market mitigation rule’ and narrowing the lawsuit, which also targets Kraken, ShapeShift, and Bittylicious. BSV, created by Craig Wright (whose claim to be Satoshi Nakamoto was recently dismissed), remains a contentious asset in crypto legal battles.
about UK Court Dismisses $13.3B Binance Lawsuit Over BSV DelistingUK Court Restrains Craig Wright from Filing Defamation Suits
The British High Court has imposed a General Civil Restraint Order on Craig Wright, preventing him from filing additional defamation lawsuits. Judge Edward Mellor condemned Wright’s repeated false claims and legal aggression, stating they caused significant disruption to the Bitcoin industry. Wright’s lawsuits, often based on fabricated evidence, forced developers into costly legal battles, leading the court to deem his actions an abuse of the legal system. The injunction aims to curb his intimidation tactics against critics in the crypto space.
about UK Court Restrains Craig Wright from Filing Defamation SuitsBSV Investors Appeal Binance Delisting in $13B Legal Battle
Bitcoin SV (BSV) investors are reviving a major legal claim against Binance, arguing that the exchange’s 2019 delisting decision caused permanent financial damage by limiting BSV’s market potential. Their lawyers contend the delisting stripped BSV of the chance to compete with top cryptocurrencies like Bitcoin, citing a ‘loss of chance’ that could have driven damages up to $13 billion. The case challenges a 2024 ruling by the UK’s Competition Appeal Tribunal that dismissed these claims. Binance removed BSV citing concerns over its creator Craig Wright, who claims to be Bitcoin’s anonymous founder Satoshi Nakamoto. Investors argue the delisting cut off BSV from major liquidity and visibility, while Binance maintains investors could have mitigated losses by trading BSV elsewhere. The token’s price recently jumped 15% amid renewed legal attention.
about BSV Investors Appeal Binance Delisting in $13B Legal BattleCardano Founder Critiques Crypto Projects and Community Behavior in Recent Livestream
In a recent livestream, Cardano founder Charles Hoskinson criticized certain cryptocurrency projects, particularly Hex and PulseChain, labeling them as part of a troubling culture within the industry. He expressed disinterest in these projects, highlighted ongoing legal issues faced by their founder Richard Heart, and urged communities to reflect on their ecosystems’ future. Hoskinson emphasized the importance of self-governance and collaboration, distancing Cardano from these controversies while wishing the communities well.
about Cardano Founder Critiques Crypto Projects and Community Behavior in Recent Livestream