Lawyers Duke it Out Over Who Gets To Lead the Class Action Suit Against Tether

In a U.S. courthouse for the Southern District of New York, Judge Katherine Failla heard this afternoon from three plaintiff teams suing iFinex et. al. and vying to serve as lead counsel in the emerging class action with potentially tens of thousands of injured members. IFinex’s Tether (USDT) stablecoin firm and its Bitfinex subsidiary are charged with manipulating the Bitcoin market in 2017 — something the firm strenuously denies. Kyle Roche, representing plaintiffs Leibowitz et. al., argued that his firm Roche Cyrulnik Freedman LLP was the first to investigate the…

Zion Williamson Could Surpass LeBron James If He Fixes These Three Things

Zion Willaimson and LeBron James will face off for the first time on Tuesday night. While Zion is off to an electrifying start, he must fix these holes in his game to get on LeBron’s level. Once he fixes them, the sky is the limit. Zion Williamson is the most exciting NBA rookie since LeBron James burst onto the scene 16 years ago. He came into the league with massive expectations, and he’s already living up to them. Zion Williamson is somehow already exceeding expectations. | Source: Twitter On Tuesday…

Justin Sun Bought Steemit. Steem Moved to Limit His Power

The people who run the Steem blockchain executed a reversible soft fork Sunday, stopping one of the largest piles of tokens from voting. The move comes days after Justin Sun’s Tron Foundation acquired Steemit, the blockchain’s most prominent app. The protective measure is a striking one in the cryptocurrency space and illustrates some of the thought-provoking realities of delegated governance. The blog post describing the fork describes the involvement of a well-resourced entity as potentially very exciting. But its authors were quick to qualify: “In these early stages the most…

You Shouldn’t Ignore the Death of One Stock Market’s 12-year Bull Run

The world’s longest-running bull market officially ended Monday. Malaysia’s stock market benchmark is more than 20% off its highs. The FTSE Bursa Malaysia KLCI Index went 12 years without a 20% pullback from any peak. But that ended today. The milestone is an omen for the U.S. stock market. Malaysia’s stock market enjoyed the world’s longest bull run for 12 years running. Until Monday. The FTSE Bursa Malaysia KLCI Index’s 2.69% decline unraveled the record streak. It’s a bad omen for the rest of the world’s stock markets, and U.S.…

Secretive Digital Fiat Project Emerges With New Partner as CBDC Chatter Grows

As central bank digital currencies (CBDCs) march into view, a privately-run version of digital fiat is adding a key tech partner. Utility Settlement Coin (USC), the blockchain-based payments system involving commercial and central banks, will be working with ConsenSys-backed startup Adhara, CoinDesk has learned. Adhara was behind Project Khokha, which used enterprise blockchain client Quorum to see how zero-knowledge proofs performed with the South African Reserve Bank (SARB). The move is one of only a handful of public overtures by Fnality, the company that oversees the development of USC. Fnality…

Caitlin Long Starts the First Crypto-Native Bank in the U.S.

Caitlin Long, a former Wall Street executive who has helped Wyoming enact 13 blockchain-enabling laws, is taking advantage of the progressive Wyoming legislature to establish a first crypto-native bank in the U.S. The bank’s name is Avanti, which means “forward” in Italian. Long made this announcement earlier today in a series of 29 tweets. She believes that “a critical piece of U.S. market infrastructure is missing – a regulated bank that can act as a bridge to the Federal Reserve for payments and [offer] custody for BIG institutional money.” 1/…

PewDiePie Is Guilty of Every Attack He Hypocritically Aims at Jake Paul

PewDiePie trashed fellow YouTuber Jake Paul’s new financial freedom courses in a recent video. But Felix is guilty of shilling sketchy financial products too. To top it off, PewDiePie gives financial advice in the video, while criticizing Jake Paul for not having any credibility to give financial advice. PewDiePie wasn’t back on YouTube for long before running out of ideas for original content. So he piggy-backed off another YouTuber’s original work instead. His response video to Jake Paul’s financial freedom movement isn’t the first time Kjellberg has attacked his fellow…

Bitcoin’s Coronavirus Selloff Throws Cold Water on Safe-Haven Argument

As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged – at least in terms of the notoriously volatile cryptocurrency’s trading history. Bitcoin (BTC) was down 4.6 percent as of 6:17 p.m. UTC (1:17 p.m. ET) to $9,517. But a decline of that magnitude represents merely the biggest drop since last week; already this year, bitcoin has suffered six other single-day losses of 3 percent or greater. And due to a powerful rally in recent months, the cryptocurrency’s price is still…

Dow Jones Crashes 1,000 Points But Warren Buffett Says Don’t Panic

The Dow Jones nosedived Monday, but investors who are willing to take a risk could use this dip to nab value stocks. Warren Buffett reminded investors not to panic over the weekend as coronavirus spread throughout Italy. While the virus is likely to dent global growth, the impact is still likely to be temporary It seems the U.S. stock market has finally started to panic about the coronavirus after weeks of shrugging off its growing severity. The Dow Jones lost 2% last week and this week looks likely to bring…

Sonic the Hedgehog’s $200 Million Haul Proves It’s Time to Make This Movie Next

The Sonic the Hedgehog movie has broken box office records for a video game adaptation. It has made nearly as much money in ten days as the entire box office run of Detective Pikachu. It is finally time to turn Crash and Spyro into movie franchises too. With $200 million in the books already, the Sonic the Hedgehog movie is on the verge of becoming the most successful video game adaptation of all time. After just ten days in theaters, it’s nearly surpassed Detective Pikachu’s entire box office haul. That’s…