Andreas Antonopoulos has filed an affidavit with a New York court in support of a firm looking to spearhead the class action against Bitfinex over 2017 BTC price manipulation. One of the biggest names in crypto has joined in an ongoing argument about who will lead the class-action suit against Bitfinex and its affiliates over […]
Continue Reading
A UK high court imposed a proprietary injunction on Bitcoin paid as ransom in a ransomware attack. A United Kingdom High Court ordered a proprietary injunction on Bitcoin (BTC) obtained through a ransomware attack on a Canadian insurance company. A proprietary injunction is an order which prevents a person from dealing with their own assets […]
Continue Reading
A New York judge has ordered that the four class-action lawsuits against Bitfinex for 2017 manipulation of the Bitcoin market are now one, though leadership remains uncertain. The four class-action suits against Bitfinex, Tether and parent company iFinex over alleged market manipulation leading to Bitcoin’s (BTC) 2017 bull market have been consolidated — with implications […]
Continue Reading
Tether is now offering a gold-backed stablecoin, XAUT, which represents ownership of one troy ounce of gold held in a Swiss vault controlled by the company. Tether is now supporting a gold-backed stablecoin, Tether Gold (XAU₮), according to a Jan. 23 press release. One token represents ownership of one troy fine ounce of physical gold, […]
Continue Reading
Craig Wright has pulled out the last trump card from his sleeve in the court case that indirectly tests his claim to be the Bitcoin creator. It has been over a year since Australian computer scientist Craig Wright proclaimed himself as the inventor of Bitcoin (BTC), and the estate of his late business partner, Dave […]
Continue Reading
The traditional financial system has been reshaping from its very core — the concept of trust — through blockchain, decentralized in nature. In an industry built on an ethos of decentralization and the empowerment of individuals, where the key idea is that each and every person should have control of their own wealth and begin […]
Continue Reading
Tether says it did not deny prosecutors’ request to consolidate three lawsuits the stablecoin and its sister exchange Bitfinex are facing. Currently facing multiple lawsuits, cryptocurrency stablecoin issuer Tether (USDT) received a request from prosecutors asking for consolidation, combining three lawsuits into one, which Tether has not denied. “We did not oppose the plaintiffs’ requests […]
Continue Reading
A giant Bitcoin transaction between two unknown addresses was subsequently claimed by Bitfinex, which was reloading its hot wallet. The origin and destination of the funds at first remained unknown. The transaction followed fresh developments in the court case involving Craig Wright, the Australian computer scientist who claims to be Bitcoin inventor, Satoshi Nakamoto. As […]
Continue Reading
Legal counsel for one of several active class-action lawsuits against iFinex for allegedly manipulating BTC’s price has filed to lead the entire class and proceedings. One legal team looks to lead the three ongoing suits against IFinex alleging that illegal conduct involving iFinex’s subsidiaries Tether and Bitfinex was behind Bitcoin’s (BTC) 2017 bull run. Per […]
Continue Reading
Crypto-friendly hotel booking service Travala now accepts payment in controversial stablecoin USDT. Crypto-friendly hotel booking giant Travala now accepts payment from a controversial cryptocurrency leader. On Jan. 10, Travala announced that Tether (USDT) is now a valid form of payment at its two million linked properties. Travala CEO Matt Luczynski said: “Part of our mission […]
Continue Reading