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Craig Wright’s Summary Judgment Denied – Billion Dollar Bitcoin Lawsuit Heads to Trial
22.9.2020
On Monday afternoon, Judge Beth Bloom, from the District Court of Florida, denied Craig Wright’s summary judgment and the infamous billion-dollar bitcoin lawsuit will go to trial in January. The court published a 93-page decision on the matter, as Judge Bloom detailed that “a genuine...
Execs Managing $78B in Assets Say Institutional Investors Plan to Allocate More Cryptocurrencies
22.9.2020
New research from the digital currency insurance firm, Evertas, shows that a surveyed group of investors managing roughly $78 billion in collective assets believes that during the next five years, institutional investors will “dramatically” increase their crypto asset holdings. This...
Bitcoin Skeptic Turns Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours
20.9.2020
Nasdaq-listed company Microstrategy recently bought almost 17K bitcoins within 74 hours, costing about $175 million. The CEO of this billion-dollar company used to be a bitcoin skeptic but has recently become a bitcoin bull when his company purchased $425 million worth of bitcoin. Billion Dollar...
Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains
19.9.2020
The price of bitcoin jumped above the $11k threshold on Saturday morning and into the afternoon, after hovering above the $10,900 range the day prior. The entire crypto-economy of 7,600+ coins has gained 2.29% during the last 24 hours touching $344 billion. Bitcoin (BTC) markets have surpassed...
GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion
18.9.2020
California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $40 billion. Nvidia, which specializes in making hardware for video game consoles and the crypto mining sector, said in a press release that it would pay Softbank a combination...
Tether market cap increases almost 4X in 2020 to $15 billion
18.9.2020
Tether supply surges to $15 billion but it could still be a house of cards
Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing Close to $9B
18.9.2020
The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the $9.6 billion high on September 8, suffering a loss of close to -29%. Since then, however...
Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year
16.9.2020
The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50%...
Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase
15.9.2020
Billion-dollar public company Microstrategy Inc. has bought 16,796 more bitcoins. The company has purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million. Microstrategy’s Bitcoin Investments Microstrategy Inc. (NASDAQ: MSTR) has bought more bitcoin, CEO Michael...
A by-the-minute look at Tether’s $1 billion swap from Bitfinex to Binance
12.9.2020
The recent Tether burn seems to have involved a lot of trust between Binance and its counterparties
New DeFi Project Xfinance(XFI) ILO Presale Will Start Today
10.9.2020
As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform. XFI Presale Xfinance...
Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report
10.9.2020
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent...
6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China
10.9.2020
Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid...
First Mover: SushiSwap’s Billion-Dollar ‘Rug Pull’ Is Thriller to Crypto Geeks
8.9.2020
The "Sushi rug pull" is a gripping drama in the fast-moving arena of decentralized finance, which apparently is still limited to crypto geeks
Crypto Volumes Surge in August: Binance Largest Spot Exchange as Huobi Leads Derivatives
8.9.2020
The latest report by Cryptocompare shows August spot cryptocurrency traded volumes by the 15 largest top-tier exchanges increased by 58.3% to $529 billion versus July figures. Low tier exchanges volumes, on the other hand, increased by 30.2% to end the month of August with a total of $291 billion....
Bitcoin Dominance Slides Losing 10% in the Last 100 Days
6.9.2020
Bitcoin’s Dominance Index has slid 10% from a high of 67% on May 10, to a low of 57% today. Despite the defi market shakeout, ethereum still captures 10% of the aggregate market capitalization of $330 billion. There’s been a number of changes in the top ten line up of coins, as bitcoin...
How to Leverage Uniswap – Ethereum’s Noncustodial Defi Trading Platform
6.9.2020
In 2020 decentralized exchanges (dex) have grown quite mature compared to just a few years ago. One specific dex gathering a lot of steam this year in the defi world is Uniswap, a trading platform that held $1.3 billion locked in value and dominated most defi applications by over 18% Friday...
Blockchain can shield banks from billion-dollar trade finance scandals, says exec
4.9.2020
Blockchain can help the trade finance industry prevent billion-dollar scandals and ease trade financing, says expert
Yield farming frenzy pushes Uniswap daily volume over $1 billion
3.9.2020
Uniswap has become the first decentralized exchange to tag ten-figure volumes amid a yield farming frenzy and vampire attacks
Pornhub Accepts Bitcoin: Top Adult Site Expands Cryptocurrency Payment Options
2.9.2020
Pornhub now accepts bitcoin as the platform expands its cryptocurrency payment options. The leading adult video streaming website has over 12 million videos, more than 130 million daily visitors, and was visited 42 billion times last year, according to the platform. Pornhub Accepts Bitcoin Pornhub...