Bitcoin’s ‘most interesting monthly candle’ emerges, but don’t celebrate yet

In a U.S. courthouse for the Southern District of New York, Judge Katherine Failla heard this afternoon from three plaintiff teams suing iFinex et. al. and vying to serve as lead counsel in the emerging class action with potentially tens of thousands of injured members.IFinex’s Tether (USDT) stablecoin firm and its Bitfinex subsidiary are charged…

The Restriction Reference Period is one of the final steps in repaying creditors, according to the document released Wednesday. 282 Total views 5 Total shares Mt. Gox trustee Nobuaki Kobayashi released updated information on Wednesday regarding the rehabilitation plan for creditors of the long-defunct crypto exchange. According to the file, the restriction reference period starts…

“Is d-o-g-g similar to d-o-g-e?” asked Snoop. 2815 Total views 19 Total shares Dogecoin (DOGE) proponent and media personality Snoop Dogg has said he hopes to release his own cryptocurrency in the future.In a Vanity Fair interview released on Friday, Snoop said his recent non-fungible token, or NFT, offering through Crypto.com will likely not be…

South Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins.Block the possibility of money launderingIn a Sept. 20 notice, UpBit announced that the exchange will delist and cease trading support for Monero (XMR), DASH, ZCash (ZEC), Haven (XHV), BitTube (TUBE) and PIVX by Sept. 30.The…

Bitcoin (BTC) will have a 5% market share of the entire world by 2023, serial VC investor Tim Draper told FOX Business in an interview on May 10.Speaking on the sidelines of the Salt Conference in Las Vegas, Draper — who has become a stalwart bitcoin advocate — said the largest cryptocurrency would continue to…

The use of blockchain could discourage bad behavior because people would be tied to their posts forever, Frank McCourt said. 687 Total views 5 Total shares Frank McCourt, a billionaire real estate mogul and former owner of the Los Angeles Dodgers, is backing a new effort for a decentralized social media project based on blockchain…

Crypto and trading app Robinhood has begun taking action to reconcile with users affected by technical problems that sidelined them during the biggest one-day point gain in the history of the Dow Jones Industrial Average.On March 23, Robinhood reportedly emailed affected users to apologize for the incident and demonstrate its intention to rebuild customers’ trust…

A recent paper from academics at Leiden Law School suggests that if a crypto exchange or crypto custodian goes bankrupt, investors could well lose control over their stored coins. This happened in Japan’s Mt. Gox exchange collapse, and more recently with the failure of Italy’s BitGrail exchange. Thus, it could happen again. Indeed, the paper implies…