May 18, 2020

BitMEX Faces Lawsuit for Alleged Racketeering and Extensive Illicit Activities

May 18, 2020 boss

BitMEX, one of the world’s largest crypto derivatives exchanges, has been accused in court of being “deliberately designed, from the ground up” to facilitate “a myriad of illegal activities.” The allegations were made in a major new lawsuit filed by BMA LLC in the United States District Court for the Northern District of California on May 16. The plaintiff accuses BitMEX’s parent company HDR Global Trading and the exchange’s top executives — Arthur Hayes, Ben Delo and Samuel Reed — of engaging in or abetting multiple crimes that include racketeering,…

Bitcoin (BTC) Price Will Reach $75K in Three Years, Robert Kiyosaki Says

May 18, 2020 boss

Though at the time of writing BTC is trading below $10,000, Robert Kiyosaki believes that Bitcoin price could reach $75,000 within three years. Robert Kiyosaki is once again on the bullish path for Bitcoin. The “Rich Dad Poor Dad” author has been on the Bitcoin (BTC) price upside on twitter. Robert has already indicated that his fears of an economic crash have caused him to buy three assets: Gold, Silver, and Bitcoin. This comes as Bitcoin (BTC) price rose towards $10,000 at the end of the last week after the…

Ethereum Just Saw A Key Technical Breakout And $230 Seems Imminent

May 18, 2020 boss

Ethereum is up more than 5% and it broke the key $205 resistance against the US Dollar. ETH price remains well supported and it is likely to continue higher towards $230. Ethereum is gaining traction and it recently surged above the $205 resistance zone. The price is trading near the $215 resistance, but it is well above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $210 on the hourly chart of ETH/USD (data feed via Kraken). A clear break above the…

Bitcoin, Ether, and XRP Weekly Market Update May 18, 2020

May 18, 2020 boss

The total crypto market cap added $31.8 billion to its value for the last seven days and now stands at $269.9 billion. The top 10 currencies are all in green for the same time period with Bitcoin SV (BSV) and Ether (ETH) being the best performers with 8.1 and 7.5 percent of gains respectively. By the time of writing Bitcoin (BTC) is trading at $9,887 while ether climbed up to $216. Ripple’s XRP nears $0.207. BTC/USD The crypto community celebrated the third BTC halving, which occurred on May 11. The…

‘We Have the Ability to Create Money Digitally’

May 18, 2020 boss

Chair of the United States Federal Reserve Jerome Powell recently spoke about measures taken during the financial crisis, with many on Twitter viewing his remarks as evidence of the need for cryptocurrency. In a May 17 interview on 60 Minutes, Powell spoke to news anchor Scott Pelley, saying the Fed had essentially flooded the economy with money printed in response to the Dow Jones falling in March and investors turning away from U.S. Treasuries. According to Powell, the Fed can print U.S. dollars digitally in addition to creating physical bills:…

Join FreeBitcoin’s Bitcoin Halving Party on 17th May

May 18, 2020 boss

At 7:23 p.m. UTC, on Monday, 11th May 2020, the crypto-community got what it was waiting for. The highly-anticipated Bitcoin Halving event finally took place. Even though varying degrees of the lockdown affect your plans to properly celebrate the occasion, here’s how you can join the party online: FreeBitco.in, the oldest-existing bitcoin faucet, is throwing a lockdown-friendly DOUBLING Party where you could stand a chance to win a Lamborghini! FreeBitco.in’s Bitcoin “Doubling” Party Goes Live on Sunday The Bitcoin block reward has dropped from 12.5 to 6.25 BTC, and FreeBitco.in…