Cryptocurrency Analysis and News Portal
The cryptocurrency market recently experienced events that were previously expected to present a severe negative price impact, and yet, Bitcoin (BTC) trades near $37,000 on Nov. 22, which is essentially flat from three days prior. Such performance was utterly unexpected given the relevance of Binance’s plea deal on Nov. 21
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McLennan County authorities have resolved a lawsuit with Lux Vending’s Bitcoin Depot over the incorrect seizure of $15,000 from a Bitcoin ATM following an elderly woman’s scam incident. In a recent legal episode from McLennan County, authorities have reached a resolution with Lux Vending, trading as Bitcoin Depot, in a case
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Tensions were apparent between the sides in court, as a lawyer for BlockFi said 3AC has a “runaway” legal counsel who is dragging things out and piling up more than $16 million in legal bills. A lawyer for the hedge fund, Adam Goldberg from the firm Latham & Watkins, said
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Per Hogan, considering where the case currently stands, only two outcomes are possible going forward. The ongoing SEC vs Ripple case has dragged on for quite a reasonable amount of time (approximately 3 years) now. With so much back and forth and no end in sight for the case, many concerned
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Proof of humanity protocol Worldcoin released its audit reports on July 28 as criticism of its data collection practices continues to mount. The new reports were conducted by security consulting firms Nethermind and Least Authority. According to an accompanying announcement from Worldcoin, Nethermind found 26 security issues with the protocol, of
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“Consummation of the plan by April 13 is necessary to preserve massive creditor value,” said a filing by Voyager’s creditors. “The evidence is uncontroverted that, if the deal is not completed, Voyager’s creditors will lose roughly $100 million in value.” Source
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Ripple CEO Brad Garlinghouse expects the firm’s long-running dispute with the Securities Exchange Commission (SEC) will be finalized within “single-digit months” and remains confident in securing a favorable outcome. Speaking to CNBC on Jan. 18 at the World Economic Forum in Davos, Switzerland, Garlinghouse said the verdict could come as
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FTX Trading, which is the entity behind the FTX.com exchange, filed for bankruptcy in the U.S. last November, while FTX Digital Markets, a Bahamas-based entity, entered liquidation proceedings the same month. The joint provisional liquidators in the Bahamas and FTX Trading's U.S. leadership had butted heads over the past few
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The Polygon team promised an explanation and here it is. A few weeks ago, the Ethereum Layer 2 network hard-forked their blockchain, seemingly without explanation. As usual, NewsBTC got to the bottom of the case and presented all of the available information. The only piece missing was a promised official
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