Crypto EcoBlog
Today the next chapter of a long-running and closely watched lawsuit against Ripple will happen. The plaintiff, Bradley Sostack, has time until the end of this Monday to file a response to the startup’s September 20 motion to dismiss. If the case won’t be entirely dismissed, it will probably go into discovery next year.As we already reported, the main point of this dispute is the question of whether Ripple’s cryptocurrency XRP is a security or not.If it is, that means that it should have been...
Read More »Augur (REP) Surges 35% in the Last 30 Hours; What’s Next?
Augur (REP) has spiked over 35% in the last 30 hours. The Forecast Foundation is moving towards accelerating the development of the platform. REP could soon retrace before it continues its uptrend. Augur is on a roll as its price surged over 35% against the dollar in the last 30 hours. The recent announcements regarding new upgrades and products could be directly related to the sudden spike. On the Works During Devcon 5 in Osaka, Japan, Augur founder Joey Krug revealed that Augur v2...
Read More »What Craig Wright’s Non-Payment Saga Means for Bitcoin Markets
Craig Wright has declined to pay Dave Kleiman’s estate a $4.5 billion settlement. The plaintiff and defendant had agreed to enter into a non-binding agreement with the promise that Wright would pay. The U-turn has reset litigation proceedings. It looks like the Satoshi Nakamoto saga will continue into the next year. According to the latest news, Bitcoin SV founder Craig Wright has declined to pay the Kleiman Estate a 500,000 Bitcoin ($4.5 billion) settlement. The estate, which is...
Read More »BitBay Set to Launch IEO Platform and Launchpad
Photo: BitBay / TwitterBitBay has become the latest major cryptocurrency exchange to create an Initial Exchange Offering (IEO) launchpad. IEOs have surged in popularity in recent years, largely replacing the ICO funding model. BitBay’s new platform will launch on November 18, with users given the chance to buy IEO tokens directly via EURO, USD, GBP and Polish Złoty. With 245 IEOs having taken place in the past few years, BitBay may be late to the party – but the exchange hopes to hit the...
Read More »What You Need to Know About the Queen’s Crypto Tax Update
The UK’s tax authority has updated its tax policy for crypto assets. Expect huge administrative headaches as all crypto transactions need to be converted into £ and recorded. The authority reiterates that Bitcoin is not money. Her Majesty’s Revenue and Customs (HRMC) on Friday updated its tax policy related to cryptocurrency in the UK. Here’s what you need to know to stay compliant with the British taxman. The HRMC’s statement on Cryptoassets: tax for businesses only provided...
Read More »French High School Students to Get Bitcoin Introductory Classes
The French Ministry of National Education amended its syllabus to incorporate cryptocurrencies and bitcoin. Students will learn about the functions of bitcoin. While this will be covered as a supplementary topic, it might help spark the interest of students. The European Union (EU) appears to have a neutral stance on bitcoin and cryptocurrencies. The region’s parliament has no specific legislation on cryptocurrencies. In addition, digital assets are considered legal among member...
Read More »Co-Founder of Satoshi Nakamoto Institute Blasts Warren Buffett for Hoarding $128 Billion
Warren Buffett’s Berkshire Hathaway is sitting on a massive cash stockpile. Pierre Rochard criticizes the billionaire investor for his strategy of waiting for the value of the U.S. dollar to rise. According to Rochard, Buffett’s strategy is no different from bitcoin HODLers. The Oracle of Omaha, Warren Buffett, has been recently grabbing headlines because of his enormous cash position. As of early November, Buffett’s Berkshire Hathaway is sitting on $128.2 billion in cash. Analysts...
Read More »RRMine Expressed Its Ambition to Be the Largest Cloud Hashrate Platform
From October 26 to 31, 2019(PST), a series of activities was organized in the framework of the Vegas Blockchain Week and World Crypto Conference 2019 (WCC 2019) hosted in Las Vegas, USA. RRMine North America team was among the participants of these important events and had an opportunity to present its platform and share its views on the state of the mining industry in a public speech and a number of interviews. RRMine’s VisionYung Cheng Tsou, RRMine Global CEO, said that their goal and key...
Read More »Bitcoin Hit $20K in 2017 from Manipulation by One Single Market Whale
Most of the crypto community, especially Bitcoin hodlers, are almost always hoping for a spike like the one that happened in 2017, which saw the king coin hit its current all-time high of $20,000. Even though a terribly bearish market followed some months after, the spike is still often referred to as not just a game-changer, but a point where Bitcoin needs to reach again, to break out of its frequent periods of disappointing consolidation. However, some analysts have suggested that the...
Read More »Crypto Exchange DX.Exchange Controversially Shuts Down Citing Operational Costs
DX.Exchange is suspending its services. The company’s board is looking for an acquisition or merger. DX.Exchange has been linked to a scam. DX.Exchange announced that it would be halting operations due to economic reasons. DX.Exchange Shuts Down In a blog post, DX.Exchange informed its users that the operational costs of running the cryptocurrency exchange led the firm’s board of directors to suspend its services temporarily. Meanwhile, the digital assets exchange will be looking to...
Read More »