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Bitcoin Soars to Its Highest Level Since Crashing in March
24.4.2020
Bitcoin hit $7,600 on Thursday, its highest level yet since crashing in early March. The cryptocurrency climbed more than 10% during the last 24 hours spurred by the return of leveraged money. Bitcoin cash (BCH), ethereum (ETH), and ripple (XRP) all rose above 4% to $239, $189, and $0.19...
‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation
15.4.2020
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi...
Maker Foundation Faces New Lawsuit Demanding $28M for Black Thursday Liquidations
14.4.2020
New class action demands $28 million from Maker Foundation for negligence and misrepresentation leading to March 12 catastrophe
MakerDAO Users Sue Stablecoin Issuer Following ‘Black Thursday’ Losses
14.4.2020
A lawsuit against the Maker Foundation claims the DeFi platform “intentionally misrepresented the risks associated with CDP ownership.”
Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout
12.4.2020
Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve...
BitMex Has Been Bleeding Bitcoins Since Black Thursday
12.4.2020
BitMex Bitcoin deposits are shrinking at a scary rate
How MakerDAO’s Stablecoin Survived the Crash, Smart Contract Bugs and Full Decentralization
29.3.2020
How do DeFi stablecoins actually work and what happened during the sudden, precipitous drop in crypto prices earlier this month? On today's show Andreas M. Antonopoulos leads us through a very interesting system and how it survived 'Black Thursday'
Ripple CEO’s Public Statements About XRP Token Under Fire in Class-Action Lawsuit
28.3.2020
Plaintiffs in the class action lawsuit against Ripple Labs have filed another litigation complaint against Ripple CEO Brad Garlinghouse. The news follows the recent court judgment that denied Ripple Lab’s attempt to get the case dismissed. Also read: Market Update: Slew of Unknown Coins...
Market Update: Slew of Unknown Coins Has Seen Considerable Gains Since ‘Black Thursday’
27.3.2020
The top ten coins have done well but there’s a ton of unknown digital currencies moving up the ladder with great speed. In fact, a considerable number of cryptos have gained 50-1,520% in the last 30 days, since Black 'Thursday'
The post Market Update: Slew of Unknown Coins Has Seen Considerable...
For DeFi’s Sake, Maker Should Take Blame for Black Thursday Losses
25.3.2020
While the system did not technically malfunction, a confluence of factors enabled a few opportunists to win the collateral auctions despite placing extremely low bids
Market Update: Bulls Return, 120 Million Tethers Minted, Bitcoin Halving Looms
20.3.2020
On March 20, cryptocurrencies jumped in value erasing some of the losses that took place over the course of the market carnage last week. The entire cryptoconomy gained a quick $39 billion during Thursday and Friday’s trading sessions and global trade volume has spiked significantly as well....
MakerDAO Adds USDC as DeFi Collateral Following ‘Black Thursday’ Chaos
17.3.2020
MakerDAO has added a third asset to its decentralized finance (DeFi) platform, USD Coin (USDC), in response to the system’s flagship stablecoin, dai, continuing to float above its dollar peg. Passed Tuesday at 2:58 UTC, the Coinbase- and Circle-backed USDC is now available for use as collateral...
Market Update: Cryptocurrency Market Cap Sheds $90B, Margin Calls Spike, Futures Slide
14.3.2020
Digital currency markets have been consolidating since Thursday’s massive price drop after more than $90 billion was erased from the cryptoconomy. Crypto markets saw some brief gains on Friday but prices have been meandering just above current support levels. At the moment, traders and crypto...
ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao
13.3.2020
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s...
Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi
13.3.2020
So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended
Whale Watching: Exchange Data Contained Early Warning of Thursday’s Bitcoin Dump
13.3.2020
Data on the flow of funds into exchanges suggests big investors were preparing to dump bitcoin on the market five days before Thursday’s price rout
Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom
13.3.2020
Following three consecutive days of losses shedding $50 billion off the cryptoconomy, digital currency markets lost another $44 billion in a matter of hours on March 12. Not only did ‘Black Thursday’ wreck traditional markets, but gold and bitcoin felt the brunt as well. Amidst...
Altcoins See Early Optimism After Thursday Massacre, Litecoin Up 10%
13.3.2020
Source: iStock/t_kimura
Following the massacre in the broader crypto market on Thursday, major altcoins have already started to recoup some of their losses, with some cryptoassets now showing positive returns over the past 24 hours.
Despite a sea of red in the crypto market, altcoins such...
Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B
12.3.2020
Cryptocurrency markets are feeling a lot of pressure on Thursday, March 12, as the entire cryptoconomy has lost over $50 billion during the last three days. Digital asset prices dropped to the lowest levels since May 2019. Moreover, on five derivatives exchanges, more than $2.2 billion leveraged...
Judge Gives Craig Wright New Deadline – Citing Forgery, Perjured Testimony in Court
11.3.2020
A new court filing from the Kleiman v. Wright lawsuit shows that Judge Bruce Reinhart has overruled a number of Craig Wright’s recent objections and he has ordered Wright to amend his testimony by Thursday. Moreover, Reinhart noted that Wright’s “protestations of undue burden ring...