Day: February 5, 2020

Craig Wright ‘Abusing’ Privilege to Block 11,000 Documents, Kleiman Lawyers Say

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Lawyers representing the brother of Craig Wright’s deceased business partner have accused the Australian entrepreneur of “abusing” client-attorney privilege to withhold documents and “obfuscate” trial proceedings. In a memorandum filed Sunday at the Southern District Court of Florida (see below), the legal team representing Ira Kleiman – who is suing for $10 billion in bitcoin – has challenged Wright’s “illusory” assertion that more than 11,000 company documents are inadmissible in court because they come under attorney-client privilege. “Craig [Wright] has improperly withheld documents as privileged,” stated Kleiman’s counsel in the case…

Craig Wright ‘Abusing’ Privilege to Block 11,000 Documents, Kleiman Lawyers Say

boss

Lawyers representing the brother of Craig Wright’s deceased business partner have accused the Australian entrepreneur of “abusing” client-attorney privilege to withhold documents and “obfuscate” trial proceedings. In a memorandum filed Sunday at the Southern District Court of Florida (see below), the legal team representing Ira Kleiman – who is suing for $10 billion in bitcoin – has challenged Wright’s “illusory” assertion that more than 11,000 company documents are inadmissible in court because they come under attorney-client privilege. “Craig [Wright] has improperly withheld documents as privileged,” stated Kleiman’s counsel in the case…

Salesforce and Samsung Add to Earlier $35M Investment in Digital Asset

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Venture arms for Salesforce and Samsung participated in a second Series C funding event for a startup called Digital Asset.  After gathering $35 million in its first Series C raise that ended in December 2019, Digital Asset decided to run another round, a Feb. 4 press release read.  This second Series C funding attracted investment from Samsung Venture Investment Corporation and Salesforce Ventures, among others.  “Salesforce Ventures and Samsung joining our Series C financing round demonstrates the potential that technology giants see in DAML as the standard for smart contracts,”…

Crypto Companies Adopt Features Similar to Banks (Only Better) to Drive Growth

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Cryptocurrency exchange Deribit recently published an analysis explaining that cryptocurrency companies are racing to adopt financial services known from legacy finance.  The post points out that all crypto companies, exchanges included, will soon offer users interest accounts, cost-effective ways to perform transactions, and tax services. Throughout his post, he explains why these features, along with others, will become a standard offering for exchanges in the next 2 years.  Adoption is well underway The crypto community is already seeing a number of companies adopt features that traditional financial institutions offer. The…

Block.one Puts $200,000 Up for Grabs in Puzzle Smart Contract Challenge

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Block.one announced a smart contract blockchain puzzle, touting a $200,000 prize for whoever figures it out.  “In this challenge, participants must create an EOSIO Smart Contract which can store and invoke EVM (Solidity) Smart Contracts in a virtual Ethereum-like environment,” a Feb. 3 announcement on EOSIO’s DevPost detailed.  EOSIO platform Built by a company known as Block.one, the EOSIO blockchain hosts the EOS crypto asset. As a delegated proof-of-stake blockchain touting smart contracts, developers can build decentralized applications on EOSIO. The competition will expire in one year if no one…