Day: February 25, 2020

Singapore’s Court of Appeals Rules Quoine Exchange in Breach of Contract in Landmark Crypto Case

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Singapore’s Court of Appeals has ruled against digital currency exchange Quoine on Monday in a landmark case relating to a breach of contract that saw the platform unlawfully reverse seven trades. The Straits Times reports that the case marks the first of its kind in the country’s history regarding a dispute involving cryptocurrency and concludes a legal battle that began almost three years ago. Quoine, the parent company of well-known Japanese trading platform Liquid, now faces settlement proceedings after the court rejected its appeal that it had the right to…

Singapore’s Court of Appeals Rules Quoine Exchange in Breach of Contract in Landmark Crypto Case

boss

Singapore’s Court of Appeals has ruled against digital currency exchange Quoine on Monday in a landmark case relating to a breach of contract that saw the platform unlawfully reverse seven trades. The Straits Times reports that the case marks the first of its kind in the country’s history regarding a dispute involving cryptocurrency and concludes a legal battle that began almost three years ago. Quoine, the parent company of well-known Japanese trading platform Liquid, now faces settlement proceedings after the court rejected its appeal that it had the right to…

Bitcoin Could Start Plunging If Bulls Don’t Step Up Now: Here’s Why

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Unfortunately for bulls, Bitcoin’s surge to $10,000 on the weekend did not last. Case in point: on Monday, the cryptocurrency started to tank for the umpteenth time, plunging as low as $9,490 on some exchanges as bears managed to take control of the market once again. While BTC remains up over 30% since the year started, outpacing effectively all assets except for Tesla and other digital assets (like Ethereum and XRP), analysts are starting to fear that a correction is right on the horizon. (Notably, though, commentators expect this correction…

Official U.S. Coronavirus Count are Misleading, Slams Fox News’ Tucker

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Mainstream media accused of downplaying coronavirus by deceptively comparing it to the flu. Tucker Carlson at Fox News says official tally in the U.S. is misleading. With only three health centers in place to detect the virus, many more people could be infected. Despite the coronavirus outbreak infecting more than 80,000 people and showing signs of a true pandemic by as early as January, the media was quick to spread the “coronavirus is less dangerous than the seasonal flu” narrative. Tucker Carlson at Fox News heavily criticized the media for…

Could Cyberpunk 2077 Be a Timed Xbox Series X Exclusive?

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Could Cyberpunk 2077 Be a Timed Xbox Series X Exclusive? Published: February 25, 2020 6:05 AM UTC A CD Projekt RED tweet confirmed that Cyberpunk 2077 is coming to the Xbox One and the Xbox Series X, but there’s no mention of the PS5. Actor Keanu Reeves presents “Cyberpunk 2077” from developer CD Projekt Red during the Xbox E3 2019 Briefing at The Microsoft Theater in 2019. Could Microsoft land a timed-exclusivity arrangement with CD Projekt Red? | Source: Christian Petersen/Getty Images/AFP CD Projekt RED confirmed the game will be…

Coincheck Announces Qtum Soon Available for Trading

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Japan may be on its way to creating a state-issued digital currency, but local companies in the world’s third-largest economy can still innovate and provide some healthy competition.   Coincheck, the crypto exchange based in the Asian nation, currently handles trading, selling, and buying for eleven cryptocurrencies. They announced on Feb. 25 that they were planning to add another to the mix. The cryptocurrency Qtum (QTUM) will soon be the 12th available for trading on the exchange.  How will Qtum be different from existing Coincheck cryptocurrencies? As with other cryptocurrencies the…

This Critical Bitcoin Short-Term Top is Sparking Big Correction Fears

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Bitcoin struggled to stay above $9,750 and declined towards the $9,500 support against the US Dollar. BTC price could decline heavily if it settles below the key $9,500 support. Bitcoin price struggled to continue higher and declined below $9,750 against the US Dollar. A strong support is forming on the downside near the $9,500 area. There is a key bearish trend line forming with resistance near $9,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally above $9,680 or it might decline…

Warren Buffett Doesn’t Want to Own any Cryptocurrency

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“Cryptocurrencies basically have no value,” Warren Buffett said in an interview on Monday. Speaking to CNBC reporter Becky Quick on Feb. 24, the fourth-wealthiest person in the world discussed his impression of Bitcoin following a fundraiser. In attendance was Justin Sun, CEO of Tron, and long-time believer in crypto. In May 2019, the two gathered with others at a fundraiser for the Glide Foundation, a charity organization that helps the homeless in San Francisco. Speaking billionaire to billionaire, the young Sun suggested the seasoned Warren consider investing in cryptocurrency. However,…

Blockchain Security Company CoolBitX Raised $16.75 Million in Series B

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CoolBitX, creator of the cryptocurrency-storing CoolWallet, continues to be popular with investors. In a press release today, the Taiwan-based startup announced that it had secured additional funding for expansion. Led by Japan-based SBI Crypto Investment Co. Ltd., the Monex Group, BitSonic, and the National Development Fund of Taiwan, the group provided CoolBitX $16.75 million from the Series B funding round. To date, the company has raised $30.25 million: $500,000 from a seed funding round, $13 million from Series A, and the most recent round. With this new funding ready, CEO…

Trump Trying to Calm Coronavirus Fears Gives Investors Reason to Panic

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The stock market cratered on coronavirus fears. Donald Trump took to Twitter to try to calm investors’ nerves. Analysts see more downside potential for the stock markets. When they tell you not to panic, that’s when you run. This line from the movie “2012” appears to be relevant these days as governments around the globe try to contain the coronavirus. Currently, the coronavirus is rampaging through South Korea, Iran and Italy. These countries are raising health alert levels while enacting strict emergency measures. None of the countries hit by coronavirus…