In what many describe as one of the steepest declines in a one-day period since February 2018, the total cryptocurrency market has lost more than $38 billion from its market valuation.
The price of Bitcoin has dropped from $7,400 to $7,000 in less than an hour yesterday, after which it stood still for a while and then sunk to $6,400 in less than six hours, recording a massive sell-off on most of the cryptocurrency exchanges.
However, BTC is not the only loser today. The price of many tokens and small-cap cryptocurrencies also took a hit – and even the coins with the most liquid Bitcoin trading pairs such as Tron, EOS, Cardano, ICON, and Ontology all dropped from 5% to 13% against Bitcoin. If we sum up the 13% fall of Bitcoin, it is easy to see that these tokens dropped by around 18% to 26% against the USD in only a couple of hours.
According to analysts, the major sell-off on the market was triggered by the Bitcoin price decline. However, some even point the drop to the decision of the $90 billion investment bank Goldman Sachs to delay the launch of a Bitcoin trading desk – which made the BTC price decline substantially.
Even though this definitely impacted the price fluctuations on the market, such a steep drop has more factors that need to be investigated right now.
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Mike Tyson: ‘I Am Not Involved With Fight To Fame Or Their Website’
“I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight to Fame now or in the future. Any media reporting my current involvement isn’t accurate.”As reported on many best cryptocurrency news sites before, Mike Tyson will serve as a founder and chairman of the sports and competition committee for allegedly blockchain based sports project Fight to Fame. The project also considered issuing a so-called Tyson Token as well as a token sale in early June. This spring, the cryptocurrency research and analysis firm Cointelligence released the results of its research in the project in which they call the CEO Shi Jianxiang and the project Fight to Fame is "a total fraud" - a statement which went viral in the altcoin news. In contrast to this, Cointelligence revealed that Shi is wanted by Interpol as well as the Chinese regulatory authorities “on charges of fraud and illegal fundraising that caused losses to investors of more than 10 billion yuan [about $1.5 billion]”. However, all of this was later confirmed by Mike Tyson and his wife and manager Lakiha Tyson, who told the technology focused media outlet Modern Consensus that the famous ex-boxer and professional had negotiated working with the project several years ago. However, he later made “very clear [they] ... are not involved with Fight to Fame.” Lakiha Tyson also said that the current mishap is due to an “incautiously signed but very preliminary agreement” with Fight to Fame’s founder Shi Jianxiang, who initially offered Mike Tyson a casting position in a Hong Kong martial arts film. Later on, Lakiha Tyson approved the agreement and amended the clause specifying that as a “partner and co-founder Mike Tyson will cooperate fully with UCMPA,” as well as hand-wrote “as per agreed in writing at a later date.” She said:
“We had no idea that this was a way to launch this Tyson Token. We didn’t agree to this. I was fuming at this point.”
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Craig Wright Accused Again Of Forging Documents In Kleiman Case
Q: It shows an address beginning with BM-2C? A: Yes. Q: And it also shows a received date of October 22, 2012? A: Yes. Q: What does that tell you about the message? A: It tells me that something has been faked. Either the date has been faked or the screenshot has been faked. Q: Why do you say that? A: Because Bitmessage wasn’t released that time back in October of 2012.According to Warren, the communication protocol for Bitmessage went live on November 19, 2012 just a month after Craig Wright claimed to have communicated via the platform. This is not the first time someone accuses Wright of forgery. Back in July, the prosecution counsel accused Wright of forging the trust deed based on an inspection of the metadata from some of the documents that were submitted by the self-proclaimed Bitcoin creator in October 2012. According to the details at the time, the document contains copyright elements that could not exist earlier than 2015 which is exactly two years after Kleiman’s death. The crypto users are still in dispute as we know from the previous reports in the latest cryptocurrency news over Wright’s claim of being Satoshi Nakamoto so this doesn’t help him as well.
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