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Bitfinex and Tether Reject ‘Baseless’ Lawsuit Filed Against Them

[ad_1] Bitfinex and Tether have denied all allegations featured in an amended class action lawsuit filed against their parent company, iFinex Inc, according to a blog post published today by Bitfinex.The updated lawsuit, filed on June 3 in the Southern District of New York, accuses Bitfinex, Tether, Poloniex and affiliated firms of allegedly manipulating the crypto market. The initial lawsuit was filed in October 2019. Addressing the “baseless” lawsuit, Bitfinex General
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Crypto-Powered Brave Browser Reaches Over 15 Million Monthly Active Users

[ad_1] Brave Browser, a cryptocurrency-powered web browser, announced that its monthly active user count increased 125% over the past year.According to a June 1 announcement, Brave Browser’s monthly active users reached 15.4 million by the end of May. Daily active users, on the other hand, reached 5.3 million after increasing by 165% over the past year.According to May data only about 12.32% of Brave Browser’s total users use the software’s
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Why Crypto is a Hotbed for Conspiracy Theories – Cointelegraph Magazine

[ad_1] In April 2020 Vin Armani packed up his family “and got on the last flight to an obscure island in the middle of the Pacific”.The cryptocurrency influencer suggested to his 14,000 Twitter followers, many times, that the pandemic is being used to impose “totalitarian tyranny” on America. As the CTO of CoinText, he was worried that his outspoken views and links to the crypto industry meant he could be
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Bitcoin Price Surges to $10,380 as Trump Threatens Military Crackdown

[ad_1] Within the last hour Bitcoin (BTC) price abruptly surged to $10,380 after spending the last month trading in a symmetrical triangle pattern. The move above the crucial $10K mark occurred as U.S. President Donald Trump mobilized local police and the National Guard to disperse masses of protestors on the White House grounds. After a brief pullback to $10,100 bulls stepped in to provide renewed buying pressure. At the time of
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May

[ad_1] The Bitcoin halving came and went… life went on. Telegram’s involvement in the TON project was terminated… life went on. And then 2020 REALLY got going. Life is currently trying hard. [ad_2] [crypto-donation-box type="tabular"] Source link
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Cryptocurrency Documentary to Air on Discovery Science Channel

[ad_1] “Open Source Money,” a documentary series on a crypto firm fully financed with cryptocurrency will air on cable television in the United States.According to an announcement on May 29, Discovery Science will air the documentary series about Disney-incubated blockchain company Dragonchain on July 4. The “Open Source Money” series was jointly produced by media and technology firm Vision Tree and financed with over $1 million in cryptocurrency.Vision Tree is
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Stablecoin Race to Begin When Wall St Embraces DeFi

[ad_1] Investor, early crypto adopter, and CEO of Gemini exchange, Tyler Winklevoss, predicted that competition between stablecoins will really begin once Wall Street moves into decentralized finance, or DeFi, during a recent interview with The Defiant’s Camila Russo.However, despite his optimistic outlook for DeFi, the Gemini co-founder asserted that the crypto industry currently does not offer a killer app that is driving adoption from outside of the virtual currency community.Inter-stablecoin
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CBDC Threatens Hegemony of US Dollar

[ad_1] JPMorgan believes the central bank digital currencies, or CBDC, could pose a threat to the global hegemony of the US dollar.According to a report covered by Bloomberg, the bank’s chief U.S. economist asserted that “[t]here is no country with more to lose from the disruptive potential of digital currency than the United States.”“This revolves primarily around U.S. dollar hegemony. Issuing the global reserve currency and the medium of exchange