Bitfinex and Tether Receive Another Class Action Lawsuit in US Courts

The operators of the cryptocurrency exchange Bitfinex and the stablecoin Tether have notified users that they were hit with another class action lawsuit in U.S. courts over market manipulation allegations that the companies are trying to frame as mercenary and baseless. Also Read: Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested Tether Operators Face New Complaint in US Bitfinex has informed users that a class action complaint was filed against the exchange and Tether in the U.S. District Court for the Western District of Washington on…

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XRP Price Could Go Down to $0 by Next February: Alex Kruger

A model on XRP price development predicts that the ‘crypto-asset’ will go to zero by next February. Ripple’s XRP has underperformed, and plotting a linear regression predicts more crashes to a lower price range. Ripple’s Token Not Only Stagnant but Erasing All Value XRP is one of the assets that has remained stagnant in 2019 and unraveled further in the past month. Currently, the asset is at $0.21, still very far from the outlandish price predictions for a hike to a few dollars. Regressing $XRP against time starting Jan/1/2018 using…

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Bakkt Futures Set New Record, 3151 Bitcoin Worth $23M Traded

The Bakkt bitcoin futures contracts peaked to a new high, signaling strong institutional interest in BTC, risk exposure, affinity in ‘physically’ acquiring the underlying asset. Bakkt Bitcoin Futures Set New Record Days After Last Friday’s Peak During a period of high volatility for bitcoin, the futures market picked up in earnest, breaking the previous record from last week and continuing on a streak of records over the past months. Bakkt now habitually trades above 2,000 BTC per day, about two months after its launch. BREAK: Bakkt volume at new all…

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Bitcoin Price Shoots Past $7200, as BTC Predictions Abound

Bitcoin price is returning to short-term volatility, with a rally above $7261. At this point, BTC sees various near and long term predictions. Bitcoin Price Rally Mode On The mood for BTC until now has been bearish without the exclusion of sudden price rallies. The halving narrative still continues as a factor, though with fears of revisiting new lows before a 2020 rally. Legendary investor and Galaxy Digital boss Michael Novogratz saw bitcoin staging a rally if it vaults the $7,500 level. Something which is happening at the moment. $BTC…

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European Crypto Exchange Bitbay Ends Monero Trading due to Anonymity Features

Authorities around the world are trying to stamp out online anonymity in various ways, sacrificing users’ privacy for alleged security. One of these ways is forcing digital asset exchanges to drop support for some cryptos, as European venue Bitbay is now the latest to do with monero. Also Read: Europol: Hardcore Criminals Are Shifting From Bitcoin to Monero, Zcash and Dash Bitbay Drops Monero Support European cryptocurrency exchange, Bitbay, has announced its decision to terminate support for the privacy-focused coin monero (XMR). The company will stop accepting deposits in XMR…

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“I Designed Bitcoi… Gold” – The Many Facts Pointing to Nick Being Satoshi

Nick Szabo is something of a legend in the crypto space, and for a good many reasons. Not least of which are his contributions to the development of Bitcoin, his early communications as a cypherpunk, and his continued influential input in economic, philosophical, political and crypto circles since. Perhaps most fascinating, however, are compelling facts surrounding his past and present which might be construed to present him as the creator of Bitcoin himself, Satoshi Nakamoto. Also Read: The Many Facts Pointing to Hal Being Satoshi A Cryptic Background Nice Szabo,…

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Bitcoin Investors Haven’t Lost More than $200 Despite Crash: Analysis

Any significant crash in bitcoin price tends to focus the minds of investors on money lost. However, for the overwhelming majority of investors, that isn’t actually going to be very much. As recently pointed out in an article on LongHash, out of investors who have lost money on the latest bitcoin price drop, less than 10% are likely to have lost more than $200. Time For Some Simple ‘Bitcoin Price’ Maths If we take the current price of bitcoin as just over $7000, BTC has only closed higher than this…

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SEC May Come Down Harder on Illegal Crypto ICOs

Two years on from the 2017 ICO craze and some crypto projects are calling it quits despite escaping harsh sanctions from regulators. Some commentators say authorities may be forced to adopt harsher punishments for illegal token sales since indicted projects cannot be trusted to pay back investors. Gladius Calls it Quits According to the Wall Street Journal (WSJ), Gladius — a blockchain-based internet security startup, has shut up shop despite raising more than $12 million during its 2017 ICO. The company even escaped a heavy fine from the U.S. Securities…

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Is PlusToken Behind Bitcoin Bull and Bear Price Actions this Year?

The bitcoin price rally in the summer of 2019 may have been the work of PlusToken investors. The scam, highly influential in China, but largely invisible to Western traders and social media, benefited greatly from the hype and growing BTC prices. Plus Token Raised Demand for Bitcoin in Early 2019 Dovey Wan, the co-founder of Primitive Crypto, is of the opinion that the PlusToken scheme may have manipulated the bitcoin market. The BTC crash in July is also ascribed to PlusToken emptying out its wallets through Huobi. IMO PlusToken is…

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Russian Tax Authority Registers Crypto as Part of a Company’s Capital

A company has blazed a trail in Russia, successfully convincing the country’s tax agency to accept that its equity capital now includes cryptocurrency. The change in the ownership distribution has been registered after the firm filed a set of notarized documents confirming a new investment was made in digital coins, not fiat rubles. Also read: Belarusian Bank Gets the Go-Ahead to Service Crypto Investors Investor Buys 5% of Artel’s Equity Using Bitcoin At present, cryptocurrencies don’t have any legal status and are not regulated in Russia. Yet a company called…

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