Day: April 12, 2020

Judge Threatens to Nix OneCoin Suit After Plaintiffs Miss Multiple Deadlines

boss

U.S. District Judge Valerie Caproni has scheduled an April 16 hearing for the representation of the plaintiffs’ in a class action suit against the $4 billion crypto Ponzi scheme, OneCoin, to justify why the case should continue. The date was set on April 10 after the plaintiffs missed multiple deadlines to file consecutive monthly status reports. Lead plaintiff missed two consecutive reporting deadlines Law firms Levi & Korinsky LLP and Silver Miller will have to justify why a $4 billion class-action suit against OneCoin should continue after its lead plaintiff,…

Peter Schiff Predicts Gold Will ‘Moon’ While Bitcoin Crashes

boss

Outspoken crypto skeptic and gold peddler, Peter Schiff, is once again taking aim at the Bitcoin community on Twitter. Schiff predicts that the coming years will see gold ‘moon’ while Bitcoin (BTC) “crashes back to Earth.” ‘Bitcoin bugs’ don’t understand money In a tweet posted on April 11, Peter Schiff predicts a reversal in what he describes as a persistent trend of “Bitcoin hodlers pok[ing] fun at gold investors” over BTC’s dramatic outperformance of gold in recent years. Schiff speculates that the trend will reverse as gold “moons” in the…

Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout

boss

Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve increases. Also read: Spain’s Lawmakers Plan to Provide Basic Income to Low-Income Residents Bitmex Customers Withdraw 36% of the Exchange’s Bitcoin Reserves Since March 12 At the end of January, seven exchanges held more than $25 billion worth of bitcoin, ether, and the stablecoin tether. With the…

Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout

boss

Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve increases. Also read: Spain’s Lawmakers Plan to Provide Basic Income to Low-Income Residents Bitmex Customers Withdraw 36% of the Exchange’s Bitcoin Reserves Since March 12 At the end of January, seven exchanges held more than $25 billion worth of bitcoin, ether, and the stablecoin tether. With the…

How To Make Money With Cryptocurrency During Coronavirus Lockdown

boss

Coronavirus is making a huge medical emergency all around the globe and this pandemic situation made all of us stay at home. The reason is, this new infectious virus spreads vigorously from the droplets of the infected person to another. So, obviously we all need a social distancing to be safe. After witnessing an unstoppable increasing death count, many countries like the US, UK, China, Italy, Spain, India and more than 200+ countries announced a temporary lock down. This caused the many business professionals and the poor people to become…

Oobit’s ‘SkyScanner for Bitcoin Trading’ Fails to Meet Expectations

boss

Peer-to-peer, or P2P, trading platform, Oobit, has launched its purportedly SkyScanner-styled Bitcoin (BTC) price aggregator, Oobit Hunter. Oobit has also launched ‘Pass’ — “a single KYC passport for use on multiple trading platforms” that allows traders to access multiple exchanges simultaneously. Despite bold claims of offering unprecedented trading functionality, Hunter appears to host little more than a collection of affiliate links and a P2P exchange listing that facilitates trade between users and Oobit’s CEO. Coinbase partners with crypto liquidity aggregator Oobit’s Hunter is described as “an AI-driven liquidity aggregator” that…

Why Bitcoin Price Just Surged to $7,000 Ahead of Weekly Close

boss

Ahead of the weekly candle close in approximately eight hours, Bitcoin has embarked on a slight rally higher, retaking $7,000 just minutes ago as of the time of this article’s writing. With this, the cryptocurrency has rallied some 3.5% from the weekend low, but remains 7% below last week’s local high at $7,470. Analysts suggest this move is related to normal crypto market dynamics whereas Bitcoin fills the gaps created on the CME’s BTC futures chart, and also due to the fact that investors in all markets are broadly optimistic…