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Bid to Have MTI Ponzi Declared Unlawful Scheme Suffers Setback — More Investors Oppose Motion
11.9.2021
A slew of late court filings by lawyers representing Mirror Trading International (MTI) investors has forced a South African judge to postpone the hearing of the liquidators’ application to have the online bitcoin scam declared an illegal business. Concern Over Implications of Declaration...
BNB Rallies While Binance CEO Bows To Regulators Amid Another Setback
7.7.2021
Source: a video screenshot, Youtube, Blockchains for Sustainable Development
Binance coin (BNB) is rallying despite a fresh blow for the Binance crypto exchange after it was forced to “temporarily suspend” payments from the EU-operated Single Euro Payments Area (SEPA) network. Also, the Binance...
Bitcoin Bull Mike Novogratz Insists ‘Crypto Revolution Has Happened’ Despite Falling Prices, liquidation
22.5.2021
Galaxy Digital CEO Mike Novogratz says that despite massive sell-offs across a broad range of cryptocurrencies, the story of crypto has not changed and “the crypto revolution has happened.” While viewing the current market as a “liquidation event” and a setback, Novogratz...
Crypto.com Aims for Its First Profitable Year Despite Asian Setback
16.9.2020
Cryptoasset-power debit card and trading services firm Crypto.com said it is on track to end the year with its figures in the black for the first time in its history. But it will have to accomplish this feat without one of its key partners, after an accounting scandal involving the German card...
First Mover: UK Economy Setback Renews Questions of Bitcoin’s Resilience
15.7.2020
The U.K. is recovering from the economic effects of the coronavirus more slowly than expected. Would a fresh market drop pull down bitcoin too?
Malta’s ‘Blockchain Island’ Dream Deferred as 70% Entities Shun Licensing
25.4.2020
Malta’s futuristic design to be the “Blockchain Island” has suffered a setback as 70% of companies in the sector have not sought licensing. Six months after the deadline, only 26 companies have applied for licensing and none has been granted one. Malta initiated legislation...
Bitcoin and Altcoins Uptrend Intact Despite Recent Setback
20.1.2020
This past week, there was a strong rally in bitcoin price above the USD 8,500 and USD 8,850 resistance levels. BTC/USD even surpassed the USD 9,000 level, before sellers appeared near USD 9,200. Recently, there was a sharp downside correction and the price declined to test the USD 8,550...
Another Setback For Facebook’s Libra as More Five Partners Back Out of the Project
12.10.2019
It seems Facebook’s ambitious digital currency project Libra is witnessing an extremely rough patch. Yesterday, on October 12, 2019, the group behind the Libra project lost another five partners in the form of Mastercard, Visa, Stripe, eBay, and Mercado Pago, resulting in yet another huge setback....
Litecoin Faces Tremendous Setback Due to Heavy Market Pressure
30.9.2019
Litecoin marks a steep walk and takes the price to $53 The intraday trading might not embark recovery Litecoin (LTC) price is dealing with a bearish trend. The last day of the third quarter might not be bringing the desired result to the traders as the currency is under huge market pressure and...
Facebook’s Libra in Spain Setback – but Is there a Glimmer of UK Hope?
19.9.2019
Facebook has endured a ragged week so far in Europe as its Libra token plans have come under fire from top finance officials first in Germany, and now in Spain. But a new report appears to indicate that British regulators might be keener to at least engage with Facebook about its proposals than...
Binance Coin Price Analysis: Binance Coin (BNB) Price Drenched in Blood; Huge Setback for the Traders
25.8.2019
Binance Coin (BNB) deals at $26.69. The heavy fall in the price delays the recovery. Binance Coin (BNB) price is currently disappointing for many traders. The coin started the downtrend a week ago, and it has still not recovered. The price chart is dipped in red color. Also, there seems to be...
Celgene Deal Setback Wipes Out $6 Billion From Bristol-Myers Squibb
25.6.2019
When it comes to the biggest acquisitions that are valued at tens of billions of dollars, there is almost always a bit of trouble in completing the whole thing. First of all, there is the matter of the two company’s shareholders who might or might not want the deal to happen, while on the other...
SEC Postpones Decision on VanEck/SolidX Filing in Latest Bitcoin ETF Setback
20.5.2019
The U.S. Securities and Exchange Commission (SEC) has again delayed a decision on a bitcoin exchange-traded fund (ETF) proposal