Crypto News Roundup for Feb. 18, 2020

news Ant Financial, the fintech arm of Chinese tech giant Alibaba Group, has launched the testing stage for its consortium blockchain. Speaking at the World Blockchain Summit at Wuzhen, China, Jieli Li, senior director of technology and business innovation at Ant Financial, said the blockchain is set to go live three months after the testing…

Some of the firm’s highest-paid partners are charging upwards of $2,000 an hour for their work on the case, while some billed hundreds of thousands of dollars in fees for the month.George W. Hicks Jr., P.C, one of Kirkland & Ellis’ litigation partners, billed $153,211 in fees across 87.8 hours of work, while Nicholas Adzima,…

Terraform Labs co-founder Do Kwon has again appealed the Montenegro High Court’s decision to uphold extradition requests from the U.S. and South Korea, his lawyer exclusively told CoinDesk, adding that local courts are apparently facing political pressure about the former crypto mogul’s overseas transfer.In November, Kwon won an appeal to overturn the High Court’s decision

news Crypto market data aggregator CoinGecko has a unveiled a new “trust score” for its system of ranking exchanges. The score will use a combination of analytics methods in an effort to achieve a fairer picture of the market, according to Bobby Ong, CoinGecko’s co-founder. Specifically, the new method will combine online traffic analysis by…

news B2C2, a cryptocurrency liquidity provider based in London, has hired Rob Catalanello, a 25-year veteran of Wall Street, to lead its expansion into the U.S. Catalanello has held senior positions at the New York office of French bank Credit Agricole, where he was the head of fixed-income sales, and at Merrill Lynch (now part…

news A massive 94,505 bitcoin transaction made crypto headlines as investors and investigators speculated from whence the BTC came. The wallet, first accessed late on September 5, 2019, has been involved in only seven transactions including the massive whale move. Other moves include a $6,644 deposit early on September 6 and a deposit of $6.66 a…

Nov 16, 2020 at 8:00 p.m. UTC(Noam Galai/Getty Images Entertainment)Bitcoin at $318,000 Next December? One Citibank Exec Says It’s PossibleBreaking down a recent Citibank report that has Bitcoin Twitter salivating and skeptical at the same time.For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google…

markets View BTC quickly fell to $9,600 this morning, bolstering the bearish setup on the 4-hour and daily charts. A deeper drop to key support at $9,454 may now be in the offing. A UTC close below $9,450 would confirm a downside break of a three-month-long contracting triangle and expose the 200-day moving average (MA)…

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