Attorney Fees Stack up as Craig Wright Fights Court Order

During the last week, court documents stemming from the Kleiman v. Wright lawsuit show that the Kleiman estate is now pursuing roughly $658,581 for attorney fees and expenses. Additionally, self-proclaimed Bitcoin inventor Craig Wright has filed a motion to fight the sanctions imposed on half of his alleged BTC holdings and intellectual property. Also Read: Billion Dollar Bitcoin Lawsuit Continues as Craig Wright Breaks Settlement Kleiman Estate Is Seeking More Than $650K for Attorney Fees and Expenses The billion-dollar bitcoin lawsuit continues in Southern Florida as court documents filed this…

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As Halving Interest Grows, Spectators Discuss Miner Hoards and Capitulation

Recently, cryptocurrency advocates have been discussing the upcoming halvings set to happen on the BTC and BCH blockchains in six months or less. Since crypto prices have been heading southbound, the SHA256 consensus hashrate continues to remain relatively unfazed and data stemming from freshly minted coins shows miners have been stockpiling. Also Read: Iranian Grid Explains Electrical Costs Will Fluctuate for Bitcoin Miners Stockpiling Coins and Slight Miner Capitulation Digital currency markets dropped quite a bit in value last week as most coins lost 15-20%. People are hoping that the…

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PlusToken Scam Selling Could Dump BTC Price For the Next Two Months

Analysis shows bearish Bitcoin pressure may continue for the next two months if alleged ponzi PlusToken sells off what’s left of its 200k BTC war chest. This year has yielded significant price action for Bitcoin (BTC), both to the upside and to the downside. Bitcoin’s price recently fell to around $6,500 as selling pressure continues to plague the market.  Recent data from crypto-Twitter analyst Ergo shows such selling is possibly due to further liquidation of 200,000 BTC in funds from the alleged PlusToken ponzi scheme.  Ergo said in a tweetstorm:…

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Crypto Markets Are Turning Green, Bitcoin Recovers Above $7,500

Cryptocurrency markets are trading in the green, with Bitcoin’s price recovering above the $7,500 price mark. Wednesday, Nov. 27 — Crypto markets continue to improve, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $7,500 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at $7,190, at which point the world’s largest crypto coin found an intra-day low of $6,900 before moving up again to its current trading price near $7,540. After a rollercoaster 24 hours, BTC is showing an impressive gain…

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GiveBitcoin Wants You to Give Bitcoin This Holiday Season

GiveBitcoin founder Cory Klippsten struggled to warm his parents up to Bitcoin. For two years, he coaxed and educated, until his evangelism finally paid off in the spring of 2019. “After 100s of hours, books, podcasts, articles, I finally got my parents to buy some bitcoin,” he told Bitcoin Magazine. That was five years after Klippsten received his own first bitcoin from a benevolent stranger at a tech conference. He lost the keys and didn’t take a dive down the rabbit hole. That plunge wouldn’t come until the beginning of…

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Bitstop Installs One-Way Bitcoin ATMs In Simon Malls

Bitstop, a Bitcoin Automated Teller Machine (ATM) operator, has partnered with Simon Malls, one of the biggest shopping mall operators in the United States, to install Bitcoin ATMs across California, Florida and Georgia. According to the November 26, 2019, announcement, Bitstop’s ATMs are now live in five Simon Malls locations. The company’s chief executive and co-founder Andrew Barnard stated the firm is hoping to increase its network of machines from about 500 to over 2,000 by the end of 2020.  Answering Market Demand for Bitcoin ATMs “Coming across a dedicated…

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Bitfinex and Tether Receive Another Class Action Lawsuit in US Courts

The operators of the cryptocurrency exchange Bitfinex and the stablecoin Tether have notified users that they were hit with another class action lawsuit in U.S. courts over market manipulation allegations that the companies are trying to frame as mercenary and baseless. Also Read: Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested Tether Operators Face New Complaint in US Bitfinex has informed users that a class action complaint was filed against the exchange and Tether in the U.S. District Court for the Western District of Washington on…

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Fireblocks Is Moving $2.5B In Crypto Per Month Just Half A Year After Launch

Digital asset security startup Fireblocks announced that it is moving more than $2.5 billion in crypto each month only six months after launch. Digital asset cybersecurity startup Fireblocks announced that it is currently moving more than $2.5 billion in cryptocurrencies each month. In a Nov. 26 press release, Fireblocks revealed that the company has seen a 400% increase in customer growth, and that crypto transfer volumes are growing 150% month to month since the startup announced its launch out of stealth mode on June 11 after garnering $16 million in…

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A Product Development Team Just Made ETH Block Production Twice As Fast

Blockchain advisory firm Akomba Labs ran a test that shows it can cut the average block propagation time by more than 50% on the Ethereum network. Blockchain advisory and product development firm Akomba Labs conducted a test on the Ethereum network that shows it can make block propagation at least twice as fast. Coindesk reported on Nov. 27 that Akomba Labs — in collaboration with the scalability-focused blockchain startup BloXroute — ran a two-week test measuring the results of running BloXroute’s Blockchain Distribution Network (BDN) on the Ethereum network. Test…

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Bitcoin Price Blasts Through Key $7.4K Resistance – Next Target $8.1K

Bitcoin has cleared a key resistance level at around $7,400 opening the door for the next test closer to $8K. Since dropping below the descending channel on Nov. 25, Bitcoin (BTC) has reclaimed $7,000, cleared some hefty resistance at $7,400 and now made its way up to above $7,500 by press time. Crypto market daily performance. Source: Coin360 The 111-day moving average (DMA) and the 128-DMA are currently in the process of converging to form a bear cross, an occurrence which last happened on Apr. 30 when the moving averages…

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