Fintech news

On June 30, a jury trial was scheduled for the notorious Kleiman v. Wright lawsuit on October 13. Now a recent filing from the plaintiffs notes that when Craig Wright’s ex-wife Lynn Wright recently testified, she revealed a number of interesting findings. Lawyers representing the Kleiman estate say her testimony brings the “infamous “Tulip Trust” The post Testimony From Craig Wright’s Ex-Wife Throws a Twist in the Billion Dollar Bitcoin Lawsuit appeared first on Bitcoin News.

“Japanese licensed exchange Xtheta officially announced that it has a strategic partnership with Bluehelix, the leading blockchain financial infrastructure technology service provider, which to provide Xtheta with the underlying blockchain financial technology services to accelerate Xtheta’s global market advancement.” — Not long ago, an industry news story raised concerns in the Japanese digital currency community. The post Bluehelix Global Expansion – Strategically Cooperates with Japanese Licensed Exchange Xtheta appeared first on Bitcoin News.

The Ethereum Classic (ETC) blockchain network lost $5.6 million to one miner following a 51% attack initially thought to be a chain split. During the attack, the offending miner managed to double-spend 807,260 ETC ($5.6 million) after spending 17.5 BTC or $200,000 (at time of writing) to acquire the hash power for the attack. The The post $5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network appeared first on Bitcoin News.

Square Inc. has reported a significant bitcoin revenue increase in the second quarter. Its Cash App generated $875 million in revenue, a 600% increase from the previous year. In addition, Square’s bitcoin gross profit jumped 711%. Square Cash App’s Bitcoin Revenue Square released its performance report for Q2 2020 on Tuesday. The company’s net revenue, The post Square’s Cash App Bitcoin Revenue Surges 600% to $875 Million in Q2, Profit Up 711% appeared first on Bitcoin News.

Bitcoin P2P trading volume in India has been growing rapidly, hitting record highs over the past weeks. Meanwhile, a new P2P trading platform has launched in India as the crypto industry awaits the government’s decision on a cryptocurrency law. P2P Trading Volume Soars in India Peer-to-peer (P2P) bitcoin trading in India has been hitting all-time The post Bitcoin P2P Trading Soars in India as New Exchange Launches appeared first on Bitcoin News.

The U.S. Securities and Exchange Commission (SEC) is looking for a blockchain forensics tool to help it analyze smart contracts. In a call for bids to software companies on July 30, the regulator said that the tool must be able to “analyze and detail code within blockchains and other distributed ledgers.” It is also looking The post SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts appeared first on Bitcoin News.

A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four congressmen are Bill Foster (D) of Illinois, Darren Soto (D) of Florida, Tom Emmer (R) of Minnesota, and David Schweikert The post US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space appeared first on Bitcoin News.

Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000. As data from Usefultulips shows, peer to peer bitcoin trading volumes for the week topped an equivalent The post Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records All Time High appeared first on Bitcoin News.

The author of the controversial bitcoin stock-to-flow (S2F) price model said that at current prices the S2F model is “perfectly on track.” S2F shows the price could hit around $30,000 by the year’s end and by August 2021 prices could be $100,000 per bitcoin. The crypto asset bitcoin (BTC) is up over 24% over the The post S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track appeared first on Bitcoin News.

Cryptocurrency exchange Bitfinex is offering rewards of up to $400 million to the hackers who stole almost 120,000 bitcoins from its platform in 2016 as well as anyone putting it in touch with the hackers. Up to $400 Million Reward for the Recovery of Stolen Bitcoins Bitfinex announced on Tuesday that it is offering up The post Bitfinex Offers $400 Million in Rewards to Get Back 120,000 Stolen Bitcoins appeared first on Bitcoin News.