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.
After The First Successful Bitcoin Donation, Hamas Demands More
‘’Israel is fighting the resistance by trying to cut off its support, but supporters of the resistance all over the world are fighting the Zionist attempts and are working to find alternative methods to support it. We call upon all supporters of the resistance and of our just cause to support it through Bitcoin, through means that we will announce soon.’’The terrorist group is facing even more financial cuts than before after one of its biggest benefactors Qatar, announced a new approach towards the funding. According to The Jerusalem Post, Qatar will start from April to cut down on all fundings to the Hamas organization and will donate the funds to humanitarian projects. Starting from 2012 up to 2018, Hamas is believed to have gathered about $1.1 billion from Qatar. Another major benefactor for the fundamentalist organization is believed to be Iran. But, with the sanctions imposed on Iran by the United States, Hamas could not receive a lot of money or Bitcoin from Iran because the country was severely restricted. Since February, the fundamentalist group was able to gather $2,500 and at that time the crypto exchange Coinbase got involved into the issue. This was the case since the Israeli-based Whitestream Analytics Company claimed that Hamas’ transactions are related to wallet addresses that operate on the company wallets on the exchange. Coinbase was later almost sued by an Israeli NGO:
‘’It has recently come to our attention that the notorious Palestinian terrorist group Hamas currently maintains an account with Coinbase, Inc. through which it is accepting donations. Therefore we are writing to notify Coinbase that knowingly providing material support or resources to Hamas is a violation of US federal criminal law, and to demand that Coinbase immediately terminate any and all accounts and services provided to Hamas.’’
New Reports Show Bitcoin Mining Is 23 Times Less Expensive Than Gold Mining
“Based on historical data on energy mix and locations of cryptocurrency mining operations in China, we have shown that contrary to the common narrative, the vast majority of global Bitcoin mining capacity (minimum 77.6%) is running on renewable energy.’’Bitcoin mining is one of the main problems for consumers and users because apparently it takes up too much energy in the process and harms the environment. While it is extremely easy to talk trash about BTC usage, people still tend to ignore the other forms of currencies that also spend the same amount of energy.
Tim Draper Believes That Bitcoin Could Improve the Argentinean Economy
"We were speaking of Bitcoin and the devaluation of the peso, and I proposed a bet: if the peso would be valued more than Bitcoin, I would double my investment that I was making for the country. But if Bitcoin gained a higher rate than the peso, they would have to declare it as a national currency. That would be a perfect decision, as there's a lack of confidence in this coin.”He also explained that he believes Bitcoin and blockchain are a much bigger evolution than the internet ever was and that now is the perfect time to adopt crypto technology in Argentina because it will change the entire banking, financial and commerce system. Of course, he couldn’t hold his breath and made a bold prediction that Bitcoin will be worth somewhere up to $250,000 until 2023 because people will start to use bitcoin in their everyday lives just like the dollar or the peso but they will opt for bitcoin because it is decentralized and global. Meanwhile, Argentina has adopted multiple projects from the blockchain world when at the start of the Month, the government of Argentina agreed to be a co-investor in blockchain projects that were backed by Binance Labs and the crypto exchange LatamEx. Binance is also planning to open a new fiat to crypto exchange in Argentina. Back in February, Argentina made a deal in Bitcoin to export pesticides and fumigation products in Paraguay worth $7,100. The deal was paid in bitcoin and later converted into Argentine peso.
Crypto Trader DataDash Says That Bitcoin Is Near A Bottom: XRP, ETH, TRX & XLM Analysis
“We’re going to need to see much more substantial price action for Bitcoin to be considered in a bull market. So we’re in neither really a bear market as of the last few weeks, and we’re also not in a bull market. Again, we have to see a justification of price on either side,” he said.The video can be seen below. https://www.youtube.com/watch?v=lYuqusvMfDM According to his analysis, the current market conditions indicate that it will take a few weeks or months for Bitcoin to regain its momentum. Ripple and XRP, on the other hand, are also pushing to expand their presence in new territories. When it comes to the latest news around Litecoin, we have Jon Moore known as 'Johnny Litecoin' who recently showed the new integration of Litecoin with the payment system Clover. https://twitter.com/jonnylitecoin/status/1108158066892128256 As you probably know, the Clover platform offers free open-source code that allows merchants to implement custom third party payment options. When it comes to Stellar (XLM) and Tron (TRX) as the other altcoin gainers, XLM has recently powered IBM's World Wire remittance platform - while Tron (TRX) and its community have recently expanded to Beijing and are constantly in the latest cryptocurrency news for their blockchain advancements.
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