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May 2015

Craig Wright Accused of Abusing Attorney-Client Privilege in Trial

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Craig Wright

Craig Wright

Craig Wright, the self-professed creator of Bitcoin (BTC), has been accused of abusing attorney-client privilege in order to block documents from being used as evidence in the ongoing trial against him.

Australian computer scientist and businessman Craig Wright is being sued by the family of his deceased business partner Dave Kleiman for US$10 billion in Bitcoin, said to be encrypted in a “Tulip Trust.” In a court document filed on Sunday in Southern District Court of Florida, the legal team representing Ira Kleiman, brother of the deceased, challenged Wright’s “illusory” assertion that over 11,000 company documents are inadmissible in court due to coming under attorney-client privilege.

“Craig [Wright] has improperly withheld documents as privileged,” stated the prosecution, arguing that he has attempted to obfuscate the trial by using the fact that the documents come from 18 companies, most of them defunct, to “hide” the documents from the court. “[A]lmost all of the companies Defendant is using as a tool to assert ‘privileges,’ no longer exist … any privilege these companies may have once had, does not survive their dissolution,” added Kleiman’s legal team.

The filing continues to say that of the three remaining firms, Wright’s privilege claim is inadmissible due to the fact that he is not in the “control group” and therefore, cannot claim attorney-client privilege. He is also accused of purposefully orchestrating not being on leadership teams at the firms so as to be able to claim privilege “when it suits him.”

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The case against Craig Wright has been littered with controversy throughout the entirety of proceedings. Last August, Judge Bruce E. Reinhart ruled in favor of the Kleiman estate, admonishing Wright at the time for engaging in a “willful and bad faith pattern of obstructive behavior,” which included filing a false declaration, knowingly producing a fraudulent trust document, and giving perjurious testimony.

Wright initially agreed to a settlement to hand over half of the Tulip Trust Bitcoin, he withdrew from that agreement in November.

Featured Image: DepositPhotos © spaxiax

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uBUCK Technologies Signs Definitive Commercial Agreement with Datable Technology Corp.

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VANCOUVER, British Columbia, Sept. 12, 2019 (GLOBE NEWSWIRE) – LiteLink Technologies Inc. (“LiteLink”)(CSE:LLT) (OTC:LLNKF)(FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK”) has signed a definitive commercial agreement with Datable Technology Corp. (“Datable”).

Datable provides consumers of Fortune 500 brands with access to over 300 digital gift cards from leading companies including Starbucks, Walmart, and Target. The partnership with uBUCK provides Datable with a unique and flexible cash card offering that it’s brand customers are looking to provide to consumers as rewards for engagement. PLATFORM³ allows consumer brands to reward consumers for purchasing, viewing content, sharing content via social media, referring friends and completing surveys.

The strategic relationship will provide uBUCK with access to Datable’s proprietary rewards platform, allowing customers to earn rewards for payments and purchases made within uBUCK Pay digital wallet or on their uBUCK Mastercard from anywhere in the world. At the same time, Datable will integrate the uBUCK prepaid credit cards into its reward portals for consumers to purchase with their points on Datable’s client’s portals. This strategic relationship benefits both companies in strengthening their market offerings.

“We are very excited to take our strategic relationship with Datable to the next level, which we believe will result in immediate growth of the uBUCK Pay platform,” said James Youn, CEO of uBUCK. “Datable stands out in our eyes as the #1 Rewards platform on the market, as it continues to sign up well-known brands and expand its offerings. Now uBUCK is going to be a part of that and potentially gain access to millions of new users.”

During Phase I, Datable will create a loyalty program and user portal where points will be tracked for every dollar spent as well as a rewards program where points can be redeemed for uBUCK. Datable will offer instant redemption for loyalty to uBUCK customers.

“We have proven that PLATFORM³ delivers value to leading consumer brands and consumers, the uBUCK partnership is a new source of transaction-based revenues for Datable,” 

said Datable CEO Robert Craig. 

“In 2019, Datable is launching new products and applications leveraging the opt-in personally identifiable information that PLATFORM³ technology collects to generate new transaction-based revenues.”

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in decentralized digital payments and wallets. uBUCK Pay, its online payments platform and pin voucher solution, offers consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payments. Customers can purchase pin vouchers within the uBUCK Pay app or at participating resellers. For details about uBUCK Pay, please visit uBUCKpay.com.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”)(CSE:LLT) (OTC:LLNKF)(FRA:C0Bis a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time.

About Datable Technology Corp.

Datable Technology Corp. has developed a proprietary, mobile-based consumer marketing platform – PLATFORM³ – that is sold to global Consumer Packaged Goods (CPG) companies and consumer brands. PLATFORM³ is delivered as a subscription service (Software as a Service model) and used by CPG companies to engage consumers, reward purchases and collect valuable consumer data. PLATFORM³ incorporates Artificial Intelligence and Machine Learning to monetize the consumer data, including demographics and purchasing behavior, by sending consumers targeted offers by email and text messages. 

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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Ripple Reports Major Growth in XRP Sales in First Quarter

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Ripple

Ripple

American financial technology firm Ripple, which is responsible for the development of the cryptocurrency XRP, has declared its fiscal first-quarter results.

The company, which was founded in 2012, is the largest holder of XRP, the third biggest cryptocurrency in the world, and is based in San Francisco, California. It has offices located around the world. The currency XRP, in itself, is decentralized. According to the Q1 2019 results, the company reported major growth in XRP sales, and that is positive news for the broader crypto market, which has been largely subdued this year.

XRP Sales

The sales of the billions of units of XRP held by the company is its biggest source of income, and in the first quarter, Ripple sold XRP for $169.42 million. However, it is far more important to note that out of those total sales, $61.93 million worth of XRP was bought by institutions and this is a clear indicator that some major players in the financial sector might finally be moving into crypto.

XRP is supposed to be used as a bridge currency for international payments, and so it is not surprising that institutions have bought the cryptocurrency. More importantly, the total sales reflect a rise of as much as 54% in XRP sales from the previous quarter.

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Beyond the Numbers

Although the quarter on quarter growth in sales is certainly a huge breakthrough for the company, it needs to be pointed out that growth in year-on-year sales in XRP is not significant at all. In the same quarter in 2018, Ripple sold $167.7 million worth of XRP and once compared with the figures of the last quarter, the overall growth is merely a little over 1%.

In addition to that, the volume of XRP trade on a global level declined on a quarter-on-quarter basis. In the previous quarter, the total traded volume was $54.82 billion, while in Q1 2019 it stood at $53.85 billion. This reflects a 2% drop in traded volume. However, it cannot be denied that it has not been a particularly great year for cryptocurrencies and hence, the quarter-on-quarter sales growth is being looked upon in a positive light.

Featured image: DepositPhotos @ adriantoday

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