December 2, 2020

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Shortly from the Cryptoworld

2 min read
Shortly from the Cryptoworld

 

Antonopoulos on the Litigation with Bitfinex

One of the most respected figures in the crypto industry, Andreas Antonopoulos, believes that the lawsuit between the plaintiffs and Bitfinex should be conducted by the Liebowitz legal team, who, according to him, showed a sufficient understanding of the technical and functional characteristics of cryptocurrencies and blockchain during the lawsuit between the Dave Kleiman family and Craig Wright. The name of the company which will oppose Bitfinex interest of all plaintiffs remains controversial. After a court decision that all disputes will be resolved in one big case, there are several candidates. Bitfinex and its sister company Tether are defendants on suspicion that they manipulated the Bitcoin price in 2017, causing considerable financial losses to the plaintiff’s clients.

 

Millennials prefer Bitcoin over the shares of several successful companies

One of the largest brokerage companies in the United States updated its investment distribution data for their Millennials and Generation Y clients, respectively. This generation includes people born between 1980 and 1995. Found that the Millennials preferred to invest in Bitcoin more than investing in the most famous companies in the world.

According to data Charles Schwab Millennials holds in Grayscale Bitcoin Trust (GBTC) 1.84% of assets, which is more than it holds in companies such as Berkshire Hataway, Netflix, Disney Corp., or even in Microsoft and Alibaba.

 

The presidential candidate for the US clearly wants to regulate cryptocurrencies

Andrew Yang, who stands for US Democratic Party to the US president, told Bloomberg that cryptocurrencies need a single set of rules and guidelines. “We are currently stuck in a condition that is bad for innovators who want to invest in this industry. My priority is clear and transparent rules so that everyone knows where to go in the future and that we can remain competitive, ”he said. Yang’s statement is not surprising because he has taken the side of cryptocurrencies in the past. During last year’s Congress meeting between Mark Zuckerberg and the US Congressmen, whose topic was the Libra cryptocurrency, he criticized his colleagues for not absolutely understanding the issue.

 

The Japanese central bank must be prepared for digital currencies

The Governor’s representative, Masayoshi Amamiya, told a Reuters seminar that the country’s central bank must be prepared to issue its own digital currency if the situation so requires.

Japan’s central bank has been researching digital currencies for several months. Earlier this year, it even merged with other central banks around the world to explore digital currencies.

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