Cameron and Tyler Winklevoss are in the crypto news again for reportedly filing a lawsuit against Charlie Shrem-the crypto pioneer.
The founders of the Gemini exchange and the first bitcoin billionaires, who were allegedly Shrem’s business partners, sue Shrem for stealing 5,000 bitcoins back in 2012 that is now worth nearly $30 million. Not to forget, these 5,000 bitcoins had a stunning worth of $100 million during the 2017 peak.
The 28-year-old Shrem has already served time in federal prison for selling bitcoins to people that use them to purchase drugs on the dark web marketplace Silk Road. He said that he’s going to prison without a single dime but somehow after he was released you could see him acquiring millions in property.
According to the filed report:
“Either Shrem has been incredibly lucky and successful since leaving prison, or — more likely — he ‘acquired’ his six properties, two Maseratis, two powerboats and other holdings with the appreciated value of the 5,000 Bitcoin he stole.’’
Shrem allegedly owes the government more than $900,000 in restitution for his 2014 plea agreement and the US District Court Judge Jed Rakoof granted the request from the Winklevoss twins to freeze Shrem’s bitcoin funds held and Coinbase or Xapo exchanges.
Brian Klein, Shrem’s lawyer, said that will clear his name in court and that the claims ‘’could not be further from the truth.’’ He told the New York Times that Charlie intends to defend himself ‘’vigorously’’ in court and defend his name.
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"We believe this thesis still remains intact which could mean seeing a break of the lows in the coming weeks. A 25% selloff in BTC from the current lows of $3,200 would be to roughly $2,400."He also shared that the next sell-off could be just what the crypto market needs in order to finally break the backs of the bears and reach a new bull momentum in 2019.
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“Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”Coinstar, on the other hand, offers coin-to-cash conversion in their kiosks in multiple countries around the world but it still remains unknown whether the Bitcoin feature will expand just as quickly as it did in the US. Coinstar’s CEO Jim Gaherty noted: Coinstar offers coin-to-cash conversion kiosks in various countries throughout the world. It remains unknown whether the Bitcoin feature will expand beyond the U.S., while the company did not provide figures on how many machines will offer it.
“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks.’’According to CoinATMRadar industry monitoring resource, there are more than 4187 Bitcoin ATMs worldwide and more than 60 percent or 2516 are in the United States. The market has grown plenty over the years and many operators are trying to get control of what they think to become a fairly popular trend for crypto usage.
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