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Tulip Trading: Trial on coin ownership ordered for 2025
Assuming Tulip Trading Limited successfully proves its ownership of the coins, there will be a future trial on the issue of which duties blockchain developers owe to their users.
Assuming Tulip Trading Limited successfully proves its ownership of the coins, there will be a future trial on the issue of which duties blockchain developers owe to their users.
In March, the In Early – The Crypto Podcast hosted Crystal Blockchain Analytics Associate Director Nick Smart to discuss the Tulip Trading case and its potential impact on the digital asset industry.
The United Kingdom Law Commission’s report on digital assets included high praise for Dr. Craig Wright’s Tulip Trading case arguing that blockchain developers owe legal duties to those relying on them.
Dr. Wright looked at several papers where the authors are investigating the concept of decentralization. Unfortunately, the authors are taking the argument presented by ‘cypherpunks’ at face value.
Chaisse and Kirkwood summarize a collection of legal cases associated with blockchain, expressing a bias against cases brought against developers, such as those from Tulip Trading Ltd.
What distinguishes a ‘core developer’ from anyone interested in the project? The answer is control and authority: core devs have committed access and they can decide where the project is heading.
U.S. District Judge Kenneth Marra found ‘The Ren Project’ in civil contempt after it failed to reply to a ‘show good cause’ court order in a class action suit brought by customers of Cryptsy.
Token recovery only freezes stolen assets on the blockchain before being removed and reissued at the tip of the chain, and no fork is necessary for this, whether it is hard or soft.
A case brought by Tulip Trading merits a full trial, according to the U.K. Court of Appeal ruling, highlighting the need to resolve the myth behind the decentralized governance of Bitcoin.
Episode 5 of the CoinGeek Weekly Livestream saw Kurt Wuckert Jr. answer questions related to Bitcoin and blockchain, such as updates on the Tulip Trading case, NFTs on BTC, and more.
The Tulip Trading case proves that property rights and legal obligations apply to digital assets and blockchain projects precisely the way they apply to all other forms of human interactions.
Absent any further appeal by the developers, Tulip Trading’s case will proceed to trial, where the question of the extent to which blockchain developers owe legal duties to their users will be decided in full light of the evidence and the facts.