Day: April 21, 2020

Judge Cites Blockvest ‘Egregious Misconduct’ in Granting SEC Motion

boss

A federal judge for the Southern District of California has argued in a recent court filing that blockchain-based assets exchange Blockvest and founder Reginald Buddy Ringgold III should lose their defense in a Securities and Exchange Commission (SEC) case after allegations of fraud and misconduct. Court documents released on April 20 show Judge Michael S. Berg has recommended granting plaintiff SEC’s “Motion for Terminating Sanctions” against Blockvest. “The Court has considered alternative monetary, evidentiary, and issue preclusion sanctions, and concludes that, under the facts of this case, even broad sanctions…

Bitcoin Shows Signs of Reversal; But $6,550 Shows Bullish Case Remains Intact

boss

Bitcoin failed to surpass the $7,200 resistance and declined below $7,000 against the US Dollar. BTC price is showing a few bearish signs, but the bulls are likely to protect $6,555. Bitcoin is declining and trading below the $7,000 support zone against the US Dollar. It is testing a major support near the $6,750-$6,800 region. There was a break below a key bullish trend line with support near $7,110 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to find a strong buying…

Samson Mow’s Infinite Fleet Game Partners with STOKR for STO

boss

Infinite Fleet, a space adventure game, is partnering with blockchain marketplace STOKR to launch a security token offering (STO).  In an April 20 blog written by Infinite Fleet, the gaming company announced it would use the tokens issued by Luxembourg-based STOKR to raise funds for its development:  “We are making the foray into capital markets and we believe this will offer our supporters the opportunity to own a piece of equity in Infinite Fleet itself… our team has a wealth of experience across both the gaming and crypto industries, and…

Historic Negative Price in WTI Oil Futures Hardly Rattles Bitcoin Price

boss

As reported earlier by Cointelegraph, the May 2020 Futures contract for West Texas Intermediate (WTI) Crude dropped more than 100% on Monday. At its worst the price reached negative $37.63, a phenomenon which has never occurred before. WTI May futures (CL1). Source: TradingView The June WTI contract with a May 19 expiry date also dropped nearly 20% to $20.43 per barrel and Barclays IPATH ETN (OIL) fell to $3.50.  OIL drops to $3.50. Source: TradingView Less than a month ago, OPEC and Russia ended their oil war by agreeing to…

Bitcoin Q&A: Mining, energy prices, and fee market

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is it still profitable to mine bitcoin when the price drops? Is the reduction in energy prices dangerous for Bitcoin? Will transactions fees rise dramatically in 2140 … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version