Fintech PR
DR CRAIG WRIGHT ISSUES SETTLEMENT OFFER TO COPA MEMBERS AND ALL PARTIES IN UPCOMING INTELLECTUAL PROPERTY LITIGATION
LONDON, Jan. 24, 2024 /PRNewswire/ — In February, I am due to face a group of individuals and corporate entities in London’s High Court, where I intend to uphold my intellectual property rights in Bitcoin as its creator.
However, the focus of my various litigations to date has never been on revealing my pseudonymous identity as Satoshi Nakamoto, but on mandating that Bitcoin remains faithful to its central principles. These are set out in the Bitcoin White Paper, today widely recognised as the authoritative foundation of all forms of Bitcoin: it describes a peer-to-peer electronic cash system, focusing on enabling small casual transactions (known as micro-payments) directly between parties, without the need for a financial intermediary.
My issuance of copyright claims against the ‘Bitcoin developers’ was a measure to protect the continuity of those principles.
To that end, today I have sent to my opponents in the COPA litigation (Claim No. IL-2021-000019), the passing-off claims (Claim No. IL-2022-000035 & Claim No. IL-2022-000036) and database-rights claims, (Claim No. IL-2022-000069) a non-negotiable offer to settle each of these cases, which is reproduced in its entirety below.
This settlement offer preserves my objective of maintaining the integrity of the Bitcoin system as it was initially developed, while limiting (for all parties) the needless expense of a lengthy High Court trial, which would take our collective focus away from supporting, adopting and advancing digital currency technologies – not just my own work, but those of potential good faith competitors (my legal opponents included).
In clear demonstration of the sincerity of my offer, I agree to waive my database rights and copyrights relating to BTC, BCH and ABC databases, and to offer an irrevocable licence in perpetuity to my opposing parties who collectively control, operate, and/or own those databases, in pursuit of encouraging the open commercialisation of technologies in a competitive and fair market, where intellectual property rights are respected and exploited. I intend for this offer to enable them to compete fairly, in parallel with BSV.
I believe the settlement terms are broadly uncontroversial, beneficial to the industry as a whole, and intended to draw a fresh start in the history of Bitcoin to guarantee its success in whatever form it takes.
All parties now have 7 days from the date of this offer to agree this settlement, or we shall progress to trial.
Issued by: Dr Craig Wright All enquiries to: [email protected]
DR WRIGHT’S OFFER TO SETTLE CLAIMS:
Claim No. IL-2021-000019 Crypto Open Patent Alliance v Dr Craig Wright
Claim No. IL-2022-000035 Dr Craig Wright & Another v. Coinbase Global, Inc & Others
Claim No. IL-2022-000036 Dr Craig Wright & Another v. Payward & Others
Claim No. IL-2022-000069 Dr Craig Wright & Another v. BTC Core & Others (Identity Issue only) (together the “Claims”)
1. I make the below offer to each of the opposing parties in the Claims (together the “Opposition“), in order to refocus my personal priorities, which include (i) continuing to develop intellectual property for the benefit of blockchain technology and beyond, (ii) to ensure Bitcoin (in particular Bitcoin Satoshi Vision (“BSV“)) plays a key role in the development of payment infrastructure, and (iii) to spend more time with my family, amongst other things.
2. My intention is to align with a portion of COPA’s Mission Statement which is:
“to encourage the adoption and advancement of cryptocurrency technologies“.
3. In that respect I want to continue to be a force for good by encouraging the open commercialisation of technologies in a competitive and fair market where intellectual property rights are respected and exploited. It is therefore my intention to ensure that the relevant Bitcoin Core (“BTC“), Bitcoin Cash (“BCH“) and ABC Bitcoin (“ABC“) databases and assets can operate and compete fairly in parallel with BSV, which I hope can compete in the global community going forward.
4. You now have the opportunity to review and accept the below offer for a total of seven days from the date of this letter, being by 4pm on 31st January 2024. It is my intention to find a sensible solution to these claims, and to allow all the parties to continue their respective projects in a competitive and commercial environment.
THE OFFER
5. The terms of the settlement offer are made below:
6. Claims, Costs and Charitable Donations
a. The Claims are discontinued in their entirety and the respective claimants discontinue their claims by filing a notice of discontinuance within 24 hours of acceptance of this offer.
b. Costs in the Claims are borne by their respective parties (i.e. no order as to costs). I am aware COPA includes some of the largest crypto currency companies in the world (including Coinbase and Kraken), and Meta (the parent company of Facebook, Instagram and others), which I believe have significant revenue and assets. On that basis I am hopeful that the benefit of discontinuing proceedings far outweighs the costs incurred in continuing the Claims (which may endure for years).
c. The respective parties each make a charitable donation to Burnside, a Uniting Church in Australia (with charity number 16341259959) (the “Charity“) which supports single mothers, or alternatively another charity agreed by all parties, for the expected value of the costs of pursuing the above Claims through to the end of trial or where there are cost awards in their favour. For example, I shall make a donation of £1,000,000, which I believe is put to better use with the Charity. It is expected that Opposition evidences proof of payment publicly.
d. I declare and undertake to ensure that no funds or costs in these proceedings are for the financial benefit of myself and that all funds due to me shall be donated to the Charity. In that way, I do not financially profit from the Claims in any way.
7. Bitcoin
a. I, any affiliates, associates or otherwise, shall not pursue and are prevented from pursuing any database rights or copyrights (together the “Rights“) in relation to the BTC, BCH and or ABC databases, and Opposition which control operate, manage and or own those databases are granted an irrevocable licence in perpetuity to exploit, use, assign or license (subject to the below provisions) those Rights for the purposes of exploiting BTC, BCH and or ABC. It is intended that the parties continue to develop, file and respect their own patents for their respective projects and seek to rely on patents and the corresponding laws in the usual way.
b. Opposition including any affiliates, associates, employees or otherwise shall not pursue and are prevented from pursuing any Rights in relation to the BSV database.
c. By signing the below, Opposition (which includes all members of COPA) and I now confirm the following statement to be true and agree to its terms:
“Bitcoins (and derivative systems) referred to as BSV, BTC, BCH and ABC (together “Bitcoins”), and the corresponding databases are separate and distinct. Each of these Bitcoins stem from Satoshi Nakamoto’s “Bitcoin: A Peer-to-Peer Electronic Cash System” (the “White Paper”). Satoshi Nakamoto’s original vision for Bitcoin was “small casual transactions” (see the White Paper) and scaling on-chain (see Satoshi Nakamoto’s message from 2 November 2008 “Bitcoin P2P E-Cash Paper” on the topic: https://www.metzdowd.com/pipermail/cryptography/2008-November/014815.html. I/ we recognise that BTC, BCH and ABC now have separate purposes and uses not contemplated by Satoshi Nakamoto.
I/we undertake to ensure that Bitcoins shall be used for the benefit of humankind broadly and not to launder funds, evade tax or assist in any other illicit behaviours. I/we shall use my/our best endeavours to comply with all international and national laws and regulations in which I/ we operate, including any laws relating to money laundering, and anti-terrorist financing, or similar initiatives where exploiting and developing Bitcoins and its technology, and where required and possible, actively seek to create code to ensure compliance“.
d. Whether in their own capacity or by any affiliates, associates, employees or otherwise Opposition and I shall not exploit, and be prevented from exploiting any BTC, BCH, ABC or BSV database to create, copy, fork, or otherwise, a new Bitcoin database, and Opposition and I shall use best endeavours to ensure that no third party carries out the aforesaid. It is intended that these terms are not circumnavigated by the creation of any new Bitcoin database.
e. Any entities shall cease claiming that they represent the original Bitcoin as envisioned by me as Satoshi Nakamoto. Additionally, they must publicly acknowledge that the intended purpose for creating Bitcoin was to create a system to provide micropayments, to allow for the chronologically ordered validation of transactions and to facilitate scalability.
8. Media
a. Opposition cease any media campaign(s) against me.
b. It is intended that where this document is signed as below, that signed version is made publicly available.
9. I believe these terms are broadly uncontroversial, beneficial to the industry as a whole, and intended to draw a fresh start in the history of Bitcoin to guarantee its success in whatever form it takes. I look forward to hearing from you.
View original content:https://www.prnewswire.co.uk/news-releases/dr-craig-wright-issues-settlement-offer-to-copa-members-and-all-parties-in-upcoming-intellectual-property-litigation-302043625.html
Fintech PR
PostEra announces expansion to $610M in their AI drug discovery collaboration with Pfizer
BOSTON, Jan. 7, 2025 /PRNewswire/ — PostEra, a biotechnology company specializing in machine learning for preclinical drug discovery, today announced an expansion of their partnership with Pfizer. The parties will launch a new Antibody-Drug-Conjugate (ADC) collaboration while also expanding their existing $260M AI Lab collaboration, which itself was built upon a successful Generative Chemistry partnership.
The teams will leverage PostEra’s AI platform, Proton, a pioneering innovation in generative chemistry and synthesis-aware design, to advance several programs. These new programs include small molecule therapeutics as well as ADCs, where PostEra will use Proton to optimize properties of payloads.
PostEra will receive an upfront payment of $12M and is eligible to receive additional milestone payments and tiered royalties on any approved products arising out of the collaboration.
Over the last 3 years, as part of the AI Lab, PostEra and Pfizer scientists have partnered closely to advance several small molecule programs. After Pfizer nominated the maximum number of programs, the teams have agreed to expand the collaboration to include additional targets with PostEra receiving additional upfront payment and eligibility for milestones and royalties.
“We’re pleased to significantly expand the use of PostEra’s Proton platform. This builds on peer-reviewed publications with Pfizer validating the real-world impact of AI-driven drug discovery in hitting preclinical milestones faster than anticipated,” said Alpha Lee, Chief Scientific Officer of PostEra. “This third partnership with our long-term collaborators at Pfizer underscores Proton’s depth and strength in making a meaningful impact on real-world drug discovery campaigns,” added Aaron Morris, CEO of PostEra.
About PostEra
PostEra is building a modern 21st century biopharma. We use Proton, our AI platform for medicinal chemistry, to accelerate the discovery of new medicines for patients. PostEra is advancing an internal pipeline while also advancing small molecule programs through partnerships with biopharma. We’ve closed over $1Bn in AI partnerships including 4 multi-year agreements with Pfizer and Amgen. PostEra is also leading an antiviral drug discovery center for pandemic preparedness, funded by one of the largest grants in NIH history.
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The partnership combines Radius’s strategic insights framework with Illuminas’s expertise in the technology and financial services sectors, thereby strengthening Radius’s capabilities across B2B and consumer markets.
NEW YORK, Jan. 7, 2025 /PRNewswire/ — Radius Global Market Research, a leading global insights and strategy firm, has announced its acquisition of Illuminas North America, a multidisciplinary research consultancy with headquarters in Austin, Texas. The acquisition strengthens Radius’s ability to deliver actionable insights for its global clients and enhances its expertise in supporting strategic insights needs of clients across industries.
Financial details were not disclosed.
Combining Expertise for Greater Insights
The acquisition integrates Radius’s Brand Growth Navigator framework with Illuminas’s strength in data science and deep expertise with technology and service-related industries. Illuminas is renowned for bridging gaps in customer understanding through tailored, data-driven solutions that illuminate optimal paths to success and drive growth for global brands.
“Illuminas’s proven capabilities in technology-focused research and their expertise in supporting B2B companies make them an ideal partner for Radius,” said Chip Lister, managing director of Radius Global Market Research. “This partnership enhances our ability to deliver insights that address critical business challenges for our clients, especially in industries where technology and innovation are key drivers of success.”
Expanding Capabilities for Clients Worldwide
Founded in 2002, Illuminas North America has built a reputation as a trusted partner for Fortune 500 companies and industry leaders. With deep expertise in technology, financial services, and dynamic global markets, Illuminas employs innovative and foundational research techniques, including quantitative and qualitative tools, to deliver insights that go beyond data to uncover compelling narratives.
“Our partnership with Radius will allow us to expand the reach and impact of our work,” said Jay Shutter, Principal and CEO of Illuminas. “By combining our customer-focused methodologies with Radius’s strategic insights framework, we’ll be better equipped to deliver actionable research that empowers our clients to make confident, informed decisions. This is a tremendous opportunity to enrich the value we provide to clients across the globe.”
Global Reach and Local Expertise
Illuminas North America’s offices in Austin, Texas, and Great Falls, Virginia, will enhance Radius’s ability to deliver insights worldwide. This acquisition follows Radius’s January 2025 acquisition of 7th Sense and its January 2024 acquisition of London-based Strive Insight, further extending the firm’s global footprint. Together, Radius and Illuminas will provide a seamless integration of advanced research tools and industry-specific expertise to support clients in achieving their goals.
About Radius Global Market Research
Founded in 1960, Radius is a full-service marketing research consultancy headquartered in New York City, with offices across the U.S. and globally. Radius supports brand growth through its Brand Growth Navigator framework, helping clients align insights with strategic priorities to maximize ROI. Its expertise spans industries, including technology, financial services, and consumer goods. Visit www.radiusinsights.com for more information.
About Illuminas North America
Illuminas is a strategic market research consultancy founded in 2002, specializing in bridging gaps in customer understanding. Headquartered in Austin, Texas, with an office in Great Falls, Virginia, Illuminas provides customized research solutions using proprietary methodologies to uncover insights for technology, financial services, and hospitality industries. The team combines quantitative and qualitative research methods to deliver insights that empower decision-making and drive business growth. Visit www.us.Illuminas.com for more information.
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Fintech PR
Fisher Investments Finalizes Strategic Partnership with Advent and ADIA with Completion of Minority Common Stock Investment
Fisher Investments’ Founder Ken Fisher Maintains Majority Controlling Interest
PLANO, Texas, Jan. 7, 2025 /PRNewswire/ — Fisher Investments (“FI”) announced that Advent International (“Advent”) and a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) completed a previously announced minority investment in Ken Fisher’s namesake firm, Fisher Investments. The $3 billion common stock investment by Advent and ADIA values FI at $12.75 billion.
The transaction was part of Ken Fisher’s long-term estate planning and ensures FI’s long-term private independence, culture, growth evolution and devotion to exceptional client service. Ken Fisher remains active in his current role as FI’s Executive Chairman and Co-Chief Investment Officer and retains a majority of beneficial ownership and over 70% of voting shares in FI. FI CEO Damian Ornani continues to drive FI’s day-to-day operations and business strategy. In connection with the investment, David Mussafer, a Managing Partner at Advent, has joined the board of directors at FI, and Gabriela Weiss, a Principal at Advent, has joined as a board observer at FI.
As of 12/31/24, FI managed nearly $300 billion for over 170,000 clients globally, including over 130,000 US private clients and 200 of the world’s largest and most well-known institutional clients. This is the first outside investment in FI, with previous ownership solely among family and employees. There is no further FI investment transaction contemplated. The investment in common shares includes neither options nor non-common stock preferences and includes proportional voting to the investors’ beneficial ownership in FI.
Ken Fisher said, “While my health is excellent, this transaction is aimed dually at long-term estate tax and planning purposes should anything untoward happen to me. Advent and ADIA are truly exceptional partners who value us operationally and culturally, and are committed to preserving what differentiates FI in our industry.”
Damian Ornani, longtime FI CEO, said, “We welcome Advent and ADIA’s support of our mission to help more new clients around the world.”
David Mussafer said, “We are thrilled to cement Advent’s partnership with FI at a moment when there is a growing need for the smart, independent and personalized financial expertise that FI is recognized for providing for 45 years. We look forward to closely collaborating with Ken, Damian and the rest of the FI team to support the company’s continued growth, drawing on Advent’s deep expertise in helping financial services companies best capitalize on the opportunities ahead.”
J.P. Morgan Securities LLC and RBC Capital Markets served as joint financial advisors and Paul Hastings served as legal advisor to FI. Ropes & Gray served as legal advisor to Advent. Gibson Dunn served as legal advisor to ADIA.
About Fisher Investments
Founded in 1979, Fisher Investments is an independent, fee-only investment adviser. Fisher Investments and its subsidiaries manage nearly $300 billion across three principal businesses—Institutional, US Private Client, and Private Client International. Founder and Executive Chairman Ken Fisher wrote the Forbes “Portfolio Strategy” column for 32 ½ years until 2017, making him the longest running columnist in its history. He now writes monthly for the New York Post and discreet unique columns in native language, varying by country, in 26 major nations, spanning more countries and more total volume than any other columnist of any type in history. Ken has appeared regularly on major TV news like Fox Business and News, BBN Bloomberg and CNN International. Ken has written 11 investing and finance books, including four New York Times bestsellers. For more information, visit www.fisherinvestments.com.
About Advent International
Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $88.8 billion in assets under management* and have made more than 420 investments across 43 countries.
Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.
As one of the largest privately-owned partnerships, our 650+ colleagues leverage the full ecosystem of Advent’s global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.
To learn more, visit our website connect with us on LinkedIn.
*Advent assets under management (AUM) as of June 30, 2024. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.
About Abu Dhabi Investment Authority
Established in 1976, the Abu Dhabi Investment Authority (“ADIA”) is a globally diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information, visit www.adia.ae.
Media Contacts
For Fisher Investments
Naj Srinivas
Executive Vice President, Corporate Communications
[email protected]
For Advent International
Leslie Shribman
Head of Communications
[email protected]
For ADIA
Garry Nickson
Corporate Communications & Public Affairs
[email protected]
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