A computer scientist who claims to be the pseudonymous creator of Bitcoin (BTC) is dropping his lawsuit against Bitcoin developers. According to a new post by the Bitcoin Legal Defense Fund, Craig Wright, who for years proclaimed to be Satoshi Nakamoto, is dropping his case against the 12 Bitcoin developers and others he sued in […]
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A UK Judge is freezing $7.6 million worth of computer scientist Crag Wright’s assets after he was ruled to not be Satoshi, the pseudonymous creator of Bitcoin (BTC). New court documents reveal that the judge has ordered a worldwide freeze of over £6 million worth of Wright’s assets as a means of preventing him from […]
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After Judge James Mellor in the U.K. rendered his decision in the notable lawsuit initiated by the Crypto Open Patent Alliance (COPA) against Craig Wright, he concluded that Wright did not embody the persona of the pseudonymous Satoshi Nakamoto. Subsequently, Mellor enforced a worldwide injunction on Wright’s holdings, freezing assets valued at £6.7 million (approximately […]
In recent times, the cryptocurrency landscape has experienced a widespread decline, yet the digital asset bitcoinsv, known for its associations with Craig Wright, has seen the most significant weekly downturn within the crypto sphere, dropping 18.9% versus the U.S. dollar in seven days. This decline in bitcoinsv’s value closely follows the verdict by U.K. Judge […]
A UK Judge is ruling that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the anonymous creator of Bitcoin (BTC), nor is he the author of the BTC White Paper. According to BitMEX Research, the Cryptocurrency Open Patent Alliance (COPA) – a nonprofit crypto advocacy group – recently won its case against Wright, who […]
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Özgür Güneri, the CEO of BtcTurk, said that the firm joined COPA to protect technologies within crypto, especially Bitcoin.
Major Turkish crypto exchange BtcTurk has joined the crypto patent alliance (COPA) to team up with prominent firms in their mission to provide open access to patents and empower the adoption of crypto technologies.
COPA aims to abolish patents as it's perceived as an obstacle to innovations within the sector. The nonprofit favors a more communal approach when it comes to intellectual property. Its members include prominent crypto firms like prominent firms like Coinbase, Block and Aquarius.
Apart from crypto-native companies, firms like Microstrategy and Meta have also joined COPA. The firms pledged to keep public patents on crypto and blockchain tech to stay accessible to the public.
According to Özgür Güneri, the CEO of BtcTurk, as a way to improve the crypto ecosystem, the firm decided to join COPA and donate some funds to the nonprofit to help with its work. Güneri explained that the nonprofit plays a significant role in protecting technologies within crypto, especially with Bitcoin (BTC).
Additionally, the exchange CEO also noted that BtcTurk will be cooperating with COPA in other aspects of their initiatives. This includes involvement in their judicial processes and being open to requests from the nonprofit.
Ayça Aktolga Öztürk, the chief legal counsel for BtcTurk, also commented on the topic, saying that the exchange will support COPA in standing against "patent trolls," or those who use trademark-patent laws maliciously and use legislative protection as leverage. The executive expressed excitement to work with COPA and support the ecosystem as a whole.
Related: Crypto patent-sharing marks a step in democratizing knowledge ownership
In 2020, Block, Inc. launched COPA to pool blockchain and crypto patents into one library to ensure open access to the technologies developed by its member firms. The alliance recognized that crypto adoption is in its early stages and that its success depends on the community's efforts to develop on top of existing technologies.
The self-proclaimed inventor of Bitcoin, Craig Wright, has won a default judgment in London’s High Court in his copyright infringement case against the pseudonymous operator of bitcoin.org. According to a report, the website and its owner Cobra must remove the Bitcoin white paper from the web portal and pay $48K in legal costs as well. […]
On April 22, published documents stemming from law firm Ontier LLP show London’s High Court is granting the law firm permission to serve legal proceedings over copyright infringement against the owner of bitcoin.org, a pseudonymous operator called “Cøbra.” The legal proceedings involve “hosting and publishing” a copy of the academic Bitcoin white paper. Copyright Infringement […]
The world’s largest provider of cryptocurrency payment services, Bitpay has announced the company is joining the Square-founded crypto patent effort the Crypto Open Patent Alliance (COPA). Bitpay has been working with blockchain products since 2011 and the firm will share open-source projects and use a shared patent library with the crypto patent organization. Bitpay Joins […]