A few days ago in our crypto news, we posted the story of Charlie Shrem who is accused of stealing 5,000 bitcoins from the first bitcoin billionaires Cameron and Tyler Winklevoss.
At that time, Shrem’s lawyer Brian Klein did not provide the public with an answer or a statement but just two days ago he responded that the 5,000 Bitcoins in question belong to a certain ‘’Mr.X’’ and therefore the lawsuit is nonsense.
According to Klein, Shrem made no wrongdoing whatsoever and that this lawsuit is only an ‘’ambush money-grab’’ in order to damage Shrem financially.
As DC Forecasts crypto news site reported, the Gemini founders had given Shrem more than $200,000 to help them invest in Bitcoin. They say that approximately $60,000 of those funds Shrem used to purchase BTC for himself that are now worth about $30 million.
The twins pointed out the lavish lifestyle Shrem was living and noted that he had no money when he went to prison three years ago. Shrem was accused of selling cryptocurrency to people who intended to purchase drugs on the dark web marketplace.
For this reason, the twins hired a private investigator that then discovered that a bitcoin wallet that received 5,000 BTC from an address associated with Shrem.
Klein on the other hand, claims that these funds belong to Mr. X who asked help from Shrem in order to move his coins into cold storage. He then sent the funds to Shrem’s bitcoin address.
“Nor can WCF prove Shrem engaged in any misconduct. He did not. Shrem can show by verifiable evidence that he did not take the 5,000 bitcoins WCF accuses him of taking and that they belonged to Mr. X. Shrem, therefore, did not breach any duty to WCF, even if one were found to exist.”
Both sides are going to meet in court tomorrow Nov. 8.
Deloitte Starts Testing Bitcoin Payments For Its Staff
“We think it’s good to have our employees assess this new technology.’’Now since the BTC prices have stabilized again to the $10,000 region, the number one cryptocurrency offers a more predictable basis for calculating the price. Bitcoin is now exchanging for $10,221. Paying with your Bitcoins was a good idea in the early days of the network but now the analysts are seeing increased activity related to moving coins in and out from exchanges. Usually, the Bitcoin network will show high transaction loads when the price is rising and when it attempts to sell some coins. there is also some increased tendency for Hodling BTC. Bitcoin is one of the most liquid coins so it is exchangeable for currency as needed and preferred by merchants. One Bitcoin transaction cost is currently at $0.51 unless the priority status is paid for. When the activity is higher, the transactions could cost a few more dollars which is not very suitable for micropayments. Paying with Bitcoin has obviously some major setbacks so now Deloitte starts testing how can they improve the disadvantages. The test of Deloitte will be in-house and on a small scale but globally paying with your Bitcoins is no longer simple. Almost every major exchange has established a KYC procedure and limits the amounts to be paid globally. Deloitte is not a stranger of blockchain and crptocurrencies. The company has been exploring the crypto space for years and the risks of various projects. The company has already formed a blockchain team and opened multiple research centers around the world as we found out in the latest cryptocurrency news.
Bitcoin Will Surge After It Reaches $10,700: Analyst Prediction
“While the ultimate impact will depend on a combination of the extent of damage, the US and Saudi response, and whether further attacks occur, the current production decline will exacerbate the tightening in the oil market that was already underway and could add a more lasting geopolitical risk premium to prices.’’Almost all of the haven assets are reacting positively to the Saudi attacks as well as Gold and Treasures who also managed to increase as the investors look at them as hedging assets. now, the crypto users are eyeing the Federal Reserve meeting and the markets expect that the US central banks will cut the interest rates by 25-basis point. The Fed Chair Jerome Powell is still facing political pressure from the US president and the chairman himself stated that he will address the attendees tomorrow. The analysts believe that bitcoin will surge once it reaches the $10,700 and as per the analysts Dan Tapeiro who stated for the latest cryptocurrency news:
“Everyone “knows” that fact already. In traditional markets, when everyone knows the fact it is considered “priced in.”
Current Bitcoin Is Stronger Than Ever, But No One Cares: Google Trends
Bitcoin Price Analysts: A Strong Bull Run Is Imminent
Join us on Facebook
- Tether’s Burning Of 400M USDT Could Crash The Bitcoin Price
- Canada’s Revenue Agency Will Pursue The Revenues Of QuadrigaCX
- Deloitte Starts Testing Bitcoin Payments For Its Staff
- Wells Fargo Will Launch A New Stabelcoin Cryptocurrency Next Year
- Bitcoin Will Surge After It Reaches $10,700: Analyst Prediction
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Regulation2 days ago
IRS Is Hunting Cryptocurrency Traders With Warning & Action Letters
Blockchain News3 days ago
German Government To Combat Libra With New Blockchain Strategy
Bitcoin News3 days ago
Bobby Lee Bitcoin Price Prediction: BTC Could Reach $200K Very Soon
Ethereum News3 days ago
Ethereum Price Flashing: Can ETH Surge To A New Yearly High?
Altcoin News4 days ago
Ripple Is Selling XRP At Discount To Institutional Buyers
Analysis3 days ago
Crypto Could Become ‘The Next Frontier’ In The War On Terrorism: US Treasury
Bitcoin News4 days ago
Bitcoin Attempts To Break The $11,000 Resistance Line: Price Analysis
Bitcoin News1 day ago
Bitcoin Price Analysts: A Strong Bull Run Is Imminent