It has become known that Judge P. Kevin Castel taken a decision to deny without prejudice SEC’s letter which was aimed at revealing the full bank records of Telegram. To deal with this issue the court chose a variant of having a phone call with the participation of all the parties of this dispute.The dispute has arisen as the SEC tries to insist that the Gram token sale that was held by Telegram and that brought the company approximately $1,7 billion from investors was an unregistered...
Read More »Ripple Is Firing on All Cylinders; Spikes Nearly 11 Percent
Bitcoin may be experiencing a bullish reversal at the time of writing, but the currency that’s really putting all its peers to shame is Ripple (XRP).Ripple Is Moving Faster Than Other CoinsRipple is the third-largest cryptocurrency in the world. Recently valued at over $10 billion thanks to a new $200 million funding round, Ripple has set the stage for remittance payments, and claims it can move money faster than both bitcoin and payment platforms like SWIFT.At press time, the currency has...
Read More »Japanese SBI and GMO to Mine Bitcoin at Texas Crypto Mining Farm
The Japanese financial giant SBI Holdings Inc. and internet corporation GMO Internet Group will mine the number one crypto. To mine Bitcoin, SBI and GMO will rent capacity of the world’s leading mining farm based in Rockdale, Texas. As Bloomberg has reported, the companies have agreed with Whinstone Inc., a subsidiary of Frankfurt-based Northern Bitcoin AG. Neither SBI nor GMO has commented on the announcement yet, but those familiar with the matter said that mining begins ‘within the coming...
Read More »Moving On Up: Bitcoin Jumps Past $7,500
Bitcoin is continuing its bullish price run and is now trading above the $7,500 mark.Bitcoin Is Still on a RollThe currency has been gaining steam a little at a time – usually $100 here, followed by $100 there. Bitcoin initially ended last week at roughly $7,300 but has gained $200 from there.This goes back to the argument we reiterated in yesterday’s piece. The way for BTC to get ahead is through a slow and steady pattern; not all at once. The latter method was already utilized and witnessed...
Read More »Bitcoin Blows Past $8,100 as New Accumulation Phase Begins
Bitcoin tops $8,100 for the first time in over a month. The rally may signal a trend reversal underway for the largest cryptocurrency. Bitcoin’s Fear & Greed Index shows market conditions are improving at the start of the year. After more than a month of lateral trading, bitcoin’s price appears to be gearing up for a major breakout in the not-too-distant future. The largest cryptocurrency finally pierced above $8,000 on Tuesday thanks to a noticeable spike in trade volumes. Bitcoin...
Read More »John McAfee Walks Back on Previous BTC Prediction
John McAfee – the ever-controversial figure responsible for bringing one of the world’s leading antivirus platforms to fruition – has admitted that his whole push for bitcoin to reach $1 million was simply a tactic to move the cryptocurrency into mainstream territory, though he now thinks stronger and more efficient digital currencies will replace it.McAfee Says the Whole Thing Was an ActMcAfee has been saying for nearly three years that bitcoin was likely to reach the $1 million mark by the...
Read More »Bitcoin Rally Unclear while Faltering at $8000, Mining Hash Rate at All-Time High
BTC/USD is currently trading at $7,861 (+1.4% from the beginning of the day). The crypto is in motion as part of a vigorous bull trend in Asia amid growing volatility and a tested zone past the $8,000 price level.As Bitcoin halving approaches, several market analysts are trying to project how this will influence the price, while in some other forecasts, an analyst said that dominance in the Bitcoin market may not surpass 75%, and price recovery may be limited to $15,000.The Bitcoin sphere...
Read More »Telegram Won’t Have To Show The SEC Its Bank Accounts, Court Rules
Telegram appears to have caught a break with the recent case filed by the U.S. Securities and Exchange Commission (SEC). The company recently refused to share its financial records with the market regulator, and now the New York court has ruled against SEC’s demand.SEC Request DeniedThis year started on the wrong foot for Telegram, as the SEC recently requested the firm’s financial records to explain what it did with the $1.7 billion raised for the TON blockchain. As Cryptopotato reported,...
Read More »Peter Schiff’s Bitcoin Bashing Is Getting Absurd
Peter Schiff is once again targeting the number one cryptocurrency. His tweets are looking ridiculous as they are no longer based on sound logic. Some bitcoin traders are using Schiff’s tweets to time a possible bitcoin rally. Peter Schiff, the self-professed bitcoin hater, has been talking trash about the king of cryptocurrencies over the last few days. The gold bug has a long history of spewing venom on the asset dubbed as digital gold. Instead of focusing on providing helpful content on...
Read More »Japan’s SBI and GMO To Cooperate With The World’s Largest Bitcoin Mine
Two of the largest corporations in Japan, SBI Holdings and GMO Internet Inc., have found their way into the bitcoin mining sector through a connection with Frankfurt-based company and owner of the world’s largest Bitcoin mine, Northern Bitcoin AG. According to Bloomberg, an agreement between the two Japanese firms and Whinstone Inc., a subsidiary of Northern Bitcoin AG, will enable SBI and GMO to start their mining operations in the coming months by using rented capacity at Northern Bitcoin’s...
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