The world’s largest cryptocurrency exchange, Binance, has dropped its defamation lawsuit against news publication Forbes and two of its journalists, according to official court documents. Binance Holdings filed a lawsuit against Forbes, along with journalists Michael Del Castillo and Jason Brett in November, following an article that alleged Binance sought to purposely distract and dodge United States financial regulators. A notice of voluntary dismissal was filed in a U.S. district court in New Jersey on Feb. 4, ending the pending legal action against Forbes. The filing contains no explanation for…
Day: February 9, 2021
Palantir (PLTR) Stock Up 6% after Announcing New Partnership Deal with IBM
Palantir stock price is moving higher these days being boosted by the announcement about the company’s new partnership. Palantir Technologies Inc (NYSE: PLTR) recorded a surge of 10% on its stock after announcing a partnership deal with International Business Machines Corp (NYSE: IBM) sending its shares to $37.53. The stock closed at $36.05 (+5.87%). Now PLTR shares are up 2.97%, reaching $37.12. Palantir has enjoyed a lot of success since making its debut on the New York Stock Exchange (NYSE), having seen the value of its shares quadrupling and still…
Stablecoin flows hint at $50K Bitcoin after Tesla pump liquidates $500M in BTC shorts
Bitcoin (BTC) has extended its rally over $46,000 on Feb. 9, a day after a U.S. Securities and Exchange Commission (SEC) filing revealed that Tesla bought $1.5 billion worth of BTC. The price of Bitcoin immediately soared from around $39,000 to $45,000 across major exchanges on Feb. 8 after the news began to spread. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Mass Bitcoin liquidation As the Bitcoin price initially rallied to $45,000, it caused $500 million worth of short positions to get liquidated. Bitcoin liquidation. Source: Bybt.com The term liquidation in…
Ethereum Mimics Bitcoin Run, ETH Reaches New ATH of Over $1,800
In the last 24 hours, Ethereum has seen its trading volume increase by 40% which translates to $56,017,441,224. Following the spike in the price of Bitcoin in the last 24 hours, Ethereum (ETH) has scored a major goal and new ATH too within this period as its price quietly soared above the $1,800 mark and traded for as high as $1,807.68, according to available data from Coinmarketcap. Ethereum (ETH) Reaches New ATH The second-largest crypto-asset by market cap recorded a growth of over 9% in the last 24 hours. The…
Indian Government Confirms Crypto Bill Is Being Finalized — Existing Laws Inadequate – Bitcoin News
The Indian government has spoken about the cryptocurrency bill again. This time, the minister of state for finance has clarified the status of the crypto bill that is expected to be introduced in parliament during the current session. Indian Ministry of Finance Clarifies Crypto Bill Status The subject of bitcoin and the cryptocurrency bill in India was raised on Tuesday in Rajya Sabha, the upper house of India’s parliament. Recently, the crypto bill was listed to be introduced in Lok Sabha, the lower house of parliament. The bill seeks to…
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OKEx integrates .crypto domain-based payments from Unstoppable Domains
Global cryptocurrency exchange OKEx announced Feb. 9 that it has integrated support for blockchain-based addresses from Unstoppable Domains into its customer wallets. This means that rather than needing to provide individual wallet addresses for each token type, users can send and receive any of the many currencies supported by both OKEx and Unstoppable Domains via a single .crypto or .zil domain name. In practice, this functionality was already available for incoming transactions. The domain owner could simply set up the redirects for each currency to their OKEx wallet addresses via…
Elon Musk and BTC: Tesla Bitcoin Acquisition Details
Tesla has joined the league of companies with Bitcoin as treasury reserve, becoming the first S&P 500 company to purchase digital assets. In a recent episode of CoinDesk Podcast Network, Nathaniel Whittemore revealed more details on the $1.5 billion worth of Bitcoin acquired by Elon Musk‘s electric vehicle company Tesla Inc (NASDAQ: TSLA). The CoinDesk Podcast Network, EP 506, was released on the 8th of February. In a filing with the US Securities and Exchange Commission (SEC) on the 8th of February, Tesla revealed that its Bitcoin acquisition. In the filing, the…
U.S. Woman Charged Over Attempted Dark Web Murder-for-Hire Paid With Bitcoin
A Wisconsin woman has been charged for trying to solicit a murder over the dark web paid for with bitcoin. According to a report from the Milwaukee Journal Sentinel on Monday, Kelly Harper, 37, used a dark web site to pay the administrator to have a man tracked down and then killed. Harper has admitted to authorities she paid in bitcoin for the planned crime. Three journalists investigating a story into the site’s dealings discovered the Wisconsin woman had been in communication with the admin, according to the report. Upon request,…