Venture capitalist: 2020’s coronavirus crisis will only prove the value of Bitcoin and crypto

No market or facet of the economy has been spared amid the coronavirus crisis, crypto included. Case in point: since the $10,500 high seen in mid-February, the price of Bitcoin has cratered by 36 percent, posting similar losses to markets like American equities and commodities (namely oil). What’s worrying is that a V-shaped economic recovery […]
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CNBC’s CryptoTrader host creates $10m relief fund to help startups affected by COVID-19

Ran Neuner, the host of CNBC’s CryptoTrader show, has created an emergency fund aimed at helping startups affected by the coronavirus outbreak. In a press release shared with CryptoSlate, Neuner said that the fund has raised $10 million so far, but that up to $100 million could be raised depending on the demand. An emergency […]
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Binance CEO explains the real reason why the crypto market crashed last week

The crypto market saw one of its largest single-day downwards movement last Thursday, with Bitcoin leading a massive selloff that sent the benchmark digital asset reeling to lows of $3,800, subsequently causing most major altcoins to also crater lower. This led the aggregated crypto market to erase nearly $100 billion off its market capitalization, which […]
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BitMEX may be about to add KYC, and that’s bearish for Bitcoin: traders explain why

BitMEX, the leading Bitcoin and crypto-asset derivatives exchange, has long played a central role in these nascent markets. The firm’s Bitcoin (XBT) perpetual swap — the infamous vehicle that allows traders to 100x leverage their capital in exchange for mind-blowing profits or a brutal margin call — just months ago passed $2 trillion in contracts […]
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Former Bakkt CEO may have insider traded after attending a private January congressional hearing on Coronavirus

Junior United States Senator and former CEO of Bakkt Kelly Loeffler disclosed dumping millions of dollars worth of stock holdings in the days and weeks following a private senators-only briefing on the Coronavirus in late January, as reported by The Daily Beast. Loeffler, who left her post at Bakkt in December to become a junior […]
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Former Bakkt CEO accused of insider trading after attending a private January congressional hearing on Coronavirus

Junior United States Senator and former CEO of Bakkt Kelly Loeffler disclosed dumping millions of dollars worth of stock holdings in the days and weeks following a private senators-only briefing on the Coronavirus in late January, as reported by The Daily Beast. Loeffler, who left her post at Bakkt in December to become a junior […]
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TF Blockchain announces all day live-stream interviews with top crypto speakers

TF Blockchain, one of the leading blockchain and fintech conferences in the Pacific Northwest, recently announced that it postponed its conference due to the coronavirus outbreak. In a press release shared with CryptoSlate, the organizers said that instead, they will be live streaming interviews with some top names in crypto. To date, TF Blockchain has […]
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Crypto trading bot founder: Lack of killer applications is the biggest obstacle to mainstream adoption

CryptoSlate recently had the opportunity to chat with Anthony Xie. Xie is the founder of HodlBot, a tool that helps investors diversify their portfolios and automate their trading strategies. HodlBot is a customizable cryptocurrency trading bot that enables users to index the market, create custom portfolios, and automatically rebalance their cryptocurrency portfolios. In addition to […]
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Crypto derivatives will be ‘five to 10 times larger’ than spot, says OKEx exec

OKEx has come a long way. From claims about fake trading volume to initiating socialized losses, it hasn’t always been an easy ride. Yet the young company’s slogan “it’s OK to be bold” forms its very ethos. Bold, indeed, it has been. And it’s gone on to become one of the world’s largest cryptocurrency spot […]
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Judge slams Kleiman’s legal team for ‘excessive’ legal fees, orders Craig Wright to pay just $165,000

U.S. Magistrate Judge Bruce Reinhart has ordered Craig Wright to pay $165,000 in fees to Ira Kleiman’s legal team. The original sum requested by Roche Freedman exceeded $650,000, which the judge found to be “excessive” and “unreasonable”, as they were way higher than the relevant market rates in the state of Florida. Judge deems Kleiman’s […]
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