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The iFinex–Tether market manipulation lawsuit continues. Last week, Judge Katherine Failla of the Southern District of New York selected Roche Cyrulnik Freedman as interim lead plaintiff counsel, and four civil actions were consolidated into a single class action: Leibowitz v. iFinex Inc. In the complaints, iFinex’s subsidiary, Bitfinex, and related
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The Dow Jones printed a historical rally on Monday. History shows that big one-day gains are often unsustainable. Analysts see a lot of volatility in the coming days as the market digests developments in the presidential elections and the coronavirus. The Dow Jones just printed its biggest one-day point
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After Bitcoin started to tank earlier this week, analysts have been wondering at which point the cryptocurrency will bottom. While traders across the board are divided about the exact answer to this pressing question, there is a rapidly-building case that BTC will soon start to trend higher once again after
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Fundstrat’s Tom Lee was the main highlight of last week’s Blockchain Economy 2020 event in Istanbul, Turkey. Taking the stage on day two, Lee addressed a crypto-savvy audience for about half an hour.Before delving into why Bitcoin (BTC) would see a price hike this year, Lee started his speech
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Dow futures point to a fourth-straight decline on the U.S. stock market Thursday. Wall Street analysts including Citi are now bracing for a fall of 20% from recent highs. A drop of that magnitude would constitute a technical bear market and the end of a ten-year upward trend. The
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The world’s longest-running bull market officially ended Monday. Malaysia’s stock market benchmark is more than 20% off its highs. The FTSE Bursa Malaysia KLCI Index went 12 years without a 20% pullback from any peak. But that ended today. The milestone is an omen for the U.S. stock market.
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In just a few months’ time, Bitcoin will see what is known as a halving, a once-every-four-years event which sees the asset’s inflation cut in half, skewing the supply-demand dynamic in favor of bulls. This cyclical event previously marked the start of some of the crypto market’s parabolic rallies, during which
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The price of Maker (MKR) crypto tokens surged by an impressive 16 percent in just four hours this Wednesday.The twenty-fifth largest blockchain asset by market cap hit a seven-month high to $727. The move uphill came as MKR’s liquidity on Uniswap Exchange dropped from $20 million to $6 million, leading
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Even a 30 percent crash has not deterred traders from buying Tezos (XTZ), a cryptocurrency that surpassed all its top rivals after staging a parabolic bull run in 2020.The price of the tenth-largest blockchain asset was up 6.66 percent to $3.348 ahead of the European market open. The gains appeared
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Bitcoin’s next bull run will look very different from the last one. In 2017, BTC took the elevator to $20K before following
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