Several altcoins are likely to rally if Bitcoin can resume its up move this week. The most talked-about event last week was the West Texas Intermediate crude futures for May delivery, which plunged to negative $37.63 per barrel on April 20. That was followed by a sharp rebound, which helped crude oil recover to $17.31 […]
Continue ReadingThe SEC and Kik have opposed each other’s motions for summary judgment in the ongoing battle over Kik’s $100 million ICO in 2017. The U.S. Securities and Exchange Commission, or SEC, and Kik Interactive have both filed oppositions to each other’s motions for summary judgment on April 24. While Kik claims its offerings were exempt […]
Continue ReadingThe U.S. Justice Department has seized coronaprevention.org — a domain being advertised to criminals by a suspected money launderer. The United States Attorney’s Office has seized a fraudulent COVID-19 domain name after its owner attempted to sell it in exchange for Bitcoin (BTC). The action follows Attorney General William Barr’s request that the department prioritize […]
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These crypto firms are joining the fight against COVID-19. Will this move highlight the benefits of cryptocurrencies and establish the industry? All over the world, doctors, nurses and medical resources are strained as the fight against the coronavirus continues. In response, many charitable organizations and philanthropists from various industries have come forward to offer their […]
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Despite his NBA team owning $130 in BTC, billionaire Mark Cuban believes bananas are a better means of exchange than Bitcoin. In a recent appearance on Anthony Pompliano’s The Pomp Podcast, billionaire investor and owner of the NBA’s Dallas Mavericks, Mark Cuban, discussed his qualms with Bitcoin (BTC). Despite arguing that Bitcoin is hampered by […]
Continue ReadingFXCoin announced XRP remittance testing, one company began its security token initiative, and more headlined news from Japan this past week. This week’s headlines from Japan included Mitsui & Co. Digital Asset Management kicking off its security token project, Coincheck’s fiat exchange listing seven altcoins, FXCoin unveiling physical crypto trading and XRP remittance testing plans, and GMO […]
Continue ReadingThe world has dramatically changed and traditional finance instruments such as venture capital funds have to adjust to a new reality. Shocking as it may sound, the venture capital industry is built on the idea that it doesn’t really matter if most of the companies they fund lose money or go belly-up. Could this be […]
Continue ReadingAs oil overtakes Bitcoin for price volatility, FTX has launched oil future contracts pegged to the West Texas Intermediate, plus $100. The Binance-owned crypto derivatives exchange, FTX, has introduced oil futures following the recent record crash in U.S. oil prices — which fell as low as minus-$40 on April 20. FTX’s contracts will expire at […]
Continue ReadingAn enormous disparity between the market value and the official peg of Lebanon’s lira has resulted in chaotic pricing on Localbitcoins. With Lebanon’s currency hitting new record lows of 4,000 Lebanese lira (LBP) per $1, chaotic prices are being listed by Lebanese Localbitcoins traders. As of this writing, spreads between listings on both sides of […]
Continue ReadingMajor mining chip manufacturer Ebang has filed for an IPO in the United States. Major Bitcoin (BTC) miner manufacturer Ebang has filed for a $100 million initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). Ebang is seeking to distribute Class A ordinary shares at a face value $of 0.00013 per […]
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