Bitcoin 

Is Bitcoin (BTC) a Buy After the Recent Market Sell-Off?

The coronavirus pandemic has resulted in massive turmoil in stock markets across the world, and almost all asset classes have suffered due to the deep selloff over the past few days. The same has been the case with Bitcoin, the world’s biggest cryptocurrency by market cap, and over the past weeks, its price has declined quite dramatically. The cryptocurrency started off 2020 on a positive note, surging at a promising rate. However, over the past few weeks, it has tanked by 50%. Hedge Against Recession? One of the most important…

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Blockchain 

Class-Action Lawsuit Threatens Ripple’s Established Market

Ripple will have to defend itself in a long-running class-action lawsuit over claims it violated securities laws in selling unregistered securities. In the lawsuit, XRP buyers allege that they lost a substantial amount of money on relying on fraudulent promotional statements issued by Ripple that encouraged them to sell their XRP Tokens. Court Ruling The class-action lawsuit takes Ripple into a task for selling unregistered securities in total disregard of security laws in the US. A US District Court has since ruled that the class-action lawsuit can proceed, be it…

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Bitcoin 

Over 93.5M Ripple (XRP) Moved Across Exchanges: Market Reaction

Over the past week or so, Ripple has been in the news after it emerged that the company is exploring the option of actually going for an initial public offering at some point. However, in a new development that might not please XRP fans, it has emerged that as many as 93.5 million tokens of the cryptocurrency were moved across crypto exchanges. Last year, there was a lot of controversy with regards to Ripple’s practice of selling large volumes of XRP and thereby affecting the price of the world’s third-biggest…

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Ethereum 

Tezos (XTZ) Hits New High for 2019, Market Cap Tops $1.4 Billion

Tezos (XTZ) is having a strong end to 2019, with the token seeing its price surge over 85% since early November. This boosts expectations for appreciation going forward as adoption continues to grow following initial skepticism. XTZ Storms into the Top Ten This week, the digital coin continues its impressive performance and gained 25%, making it the best-performing token among the top ten digital coins. Currently, the coin is trading at $1.72. On December 8, the token stormed into the top ten coins by market cap for the first time.…

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Ethereum 

Bitfinex and Tether Hit With Another Market Manipulation Suit

Bitfinex and its sister stablecoin issuer Tether have been handed another lawsuit alleging both firms manipulated the crypto market, following a similar such suit last month in New York, which claimed the companies created “the largest bubble in human history.” The second suit has been filed by Eric Young and Adam Kurtz at the district court in the Western District of Washington on November 22 and draws heavily from the previous lawsuit. In an extensive list of claims, Young and Kurtz say that Bitfinex and Tether “monopolized and conspired to…

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Ethereum 

Altcoins See Red as Bitcoin Capitulation Drags Down Market

Almost all the leading altcoins are shrinking in value today after Bitcoin (BTC) crashed below the $7,000 mark earlier on Friday before recovering to around $7,300 at the time of writing. The sizeable decline in BTC sent crypto investors scrambling as altcoins followed suit, with Ethereum (ETH), Ripple (XRP), and Binance Coin (BNB) leading the way. Ethereum, the largest of the altcoins, dropped nearly 10% earlier today to below the main $165 USD support area. Bitcoin Cash nosedived below $210, while XRP is currently worth just $0.23. Interestingly, Tether actually…

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Cryptocurrency 

Libra Will Not Hit the Market Without US Approval, Says Zuckerberg

The crypto sphere is known for being a disruptive force, but even this sector got a disruptive jolt of its own when Facebook (NASDAQ:FB) announced it would be launching its own cryptocurrency, Libra, in 2020. However, ever since the company announced the launch of its own stablecoin, it has come under fire from regulators from all over the world. Major Setback? As a matter of fact, even the United States President slammed the project and asked the company to instead apply for a banking license. It has now emerged that…

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Blockchain 

Tether Accused of Major Market Manipulation in Trillion Dollar Lawsuit

Tether and its sister company Bitfinex have been accused of creating “the largest bubble in human history” in a lawsuit filed in New York this week. Tether Artificially Inflated Prices The class-action suit filed in the Southern District of New York alleges that the two companies, and a number of affiliated entities, manipulated the crypto market out of up to $1.4 trillion USD. The suit’s central allegations center around long-standing claims that Tether essentially printed billions of dollars worth of tokens to artificially inflate prices and convince the market that there…

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Blockchain 

Ethereum (ETH) Drops 2% in Broader Crypto Market Sell-Off

The cryptocurrency market is currently in a free fall with Ethereum (ETH) being the biggest casualty. In the last 24 hours, the coin has lost almost 20%. Ethereum Drops on the Launch of Bakkt Futures Contracts Ethereum dropped to lows of $153.79 from $190 before it rebounded slightly to the present price of $168. This is the lowest the price ETH has been for three months, and it seems the fall is not yet over. There is uncertainty in the market, and most investors are currently heading to Tether, which…

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Blockchain 

Facebook’s Libra Wants to Hit the Market in Early 2020

It has been a hugely eventful year in the crypto sphere, and perhaps one of the most important developments has been the announcement of Facebook’s Libra. However, as soon as it was announced that it was going to be launched next year, plenty of influential regulators expressed their doubts about the cryptocurrency straightaway. Important Progress They are still doing so, and in a new development, it has emerged that Facebook (NASDAQ:FB) is going to go ahead with the launch of Libra next year as planned notwithstanding any misgivings from regulators. Regulators have…

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