Ronaldo slapped with class-action lawsuit over Binance promo
Christiano Ronaldo is facing a class action lawsuit over his NFT collection promotion in partnership with Binance.
Anyone in the cryptocurrency industry right now has their eyes glued to the charts, trying to analyse whether Bitcoin price is going to continue on up or be faced with a pullback. Looking at data from Coin360, it’s obvious that the markets are showing healthy signs of green. Only time will tell whether this means the beginning of the bull run or is reminding us of the volatility of cryptocurrency.
We’re only three days into the new month, but so far April has been amazing to Bitcoin, Ethereum, Ripple, EOS, and Litecoin.
Over the past few days, Bitcoin price has risen from hovering around the $4100 mark and has gained over $900. Currently, Bitcoin is valued just below at $4940, but yesterday the token was treated to seeing over $5000 for the first time in 2019.
The spike seems to have come from one single buyer who put in a $100 million order across multiple cryptocurrency exchanges The order went through at exactly the same time; sending the token into a surging price fluctuation Other than this, there seems to be no sign pointing to the exact reason for the massive purchase. No remarkable news in the industry seems to provide the “why” for the trade. While it might be a classic short pump – where traders see the value being driven upwards and then fund their portfolios – we can’t know what this means for the future of the token.
As it often does, the rest of the market has followed the trend that Bitcoin has started: when Bitcoin goes up in price, altcoins often do too. This time is no exception. Ethereum is currently looking at an 8.66% price increase in day-on-day trading. Ethereum price, which was struggling to stay above $90 last year December is now valued at $164.41.
Litecoin, Bitcoin’s most valued hardfork, is nearly 20% up in day-on-day trading values. Litecoin price shot up when Bitcoin did, but the trajectory has been the most dramatic in the top five tokens.
As it stands, it is very hard to tell what is going to happen to Bitcoin within the week, let alone for the rest of the year. Traders and investors are cautious at the moment as this pump could face a severe pullback, sending the token crashing once more. Others are more optimistic, offering that this is the beginning of the next bull run. The Bitcoin halving, which usually sees a shift in cryptocurrency prices, is only to happen next in May 2020. Although this is still some time away, it could have an impact on Bitcoin price in 2019.
Christiano Ronaldo is facing a class action lawsuit over his NFT collection promotion in partnership with Binance.
Following the Department of Justice's case against Binance and former CEO Changpeng "CZ" Zhao, Columbia professor speaks out.
In court filings, prosecutors from the Department of Justice have sought to overrule judge's decision to allow CZ to return to the UAE.
BlackRock and Nasdaq representatives met with the SEC to discuss allowing a spot Bitcoin exchange-traded fund (ETF).