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Bitcoin enthusiast Tone Vays gets sued for defamation and libel, but not by Craig Wright!




Bitcoin enthusiast and trader, Tone Vays gets sued for defamation and libel, but not by Craig Wright
Source: Unsplash

Tone Vays, a prominent Bitcoin enthusiast and a trader, received a Cease and Desist letter from TokenPay’s legal firm for “defamation attacks against TokenPay”.

Lawsuits have become the new norm in the crypto-sphere. In an interesting turn of events, Tone Vays received a “Cease and Desist” letter for defamatory attacks made by him on a video dated April 02, 2018. Tone Vays tweeted his response to the letter from “SG Law Group”, adding that there was no case of defamation and libel.

Vays spoke about the letter on his live stream and also referenced the recent lawsuits filed by Craig Wright and said that he wanted to take appropriate legal actions.

Tone Vays had spoken out against TokenPay and irregularities with their partnerships, including those involving Litecoin creator Charlie Lee. In a tweet dated July 14, 2018, Vays alleged that Lee might have been bribed by TokenPay. His tweet read:

“So how does this CEO get someone like Charlie Lee (Not tagged on purpose, I’m sure you all will tell him), it looks to me like you just waive some money or a promise of buying a bank to wash your printed money of the #ICO”

TokenPay commented on one of Vays tweets saying that he had not replied to them and that he blocked them. TokenPay also tweeted:

“… We are more confident than ever in our products and services and contribution to the industry.”

A Twitter user @engardemedia replied to TokenPay:

“But did you sue him? Maybe Derek should go Live with him ! :)”

@TokenPay replied:

“No, we didn’t sue. It is a C&D. Would love to go live but he blocked us and wont even entertain debating Derek on the merits of our platform. It is sad, and we have to protect our business interests.”

Tone Vays further confirmed in one of his tweets saying that his lawyer would respond to TokenPay soon.

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


Basic Attention Token surges by over 6% as Ad Launch nears

Namrata Shukla



Baisc Attention Token surged by over 6% over ads launch hype
Source: Pixabay

The cryptocurrency market appears to be bleeding, however, few altcoins have reported small surges over the past few days, like Basic Attention Token [BAT].

The coin, on April 18 when the entire market was mostly red, surged by over 10% and was trading at $0.3618, its all-time high since July 2018. On April 20, BAT reported a growth of over 6% and was valued at $0.3947, breaking its immediate resistance.

Source: CoinMarketCap

Source: CoinMarketCap

BAT reported a market cap of $493 million and a 24-hour trading volume of $57 million. The coin noted a 6.47% rise in its price over the past day and reported a seven-day surge of 31.20%. BAT continued to register a growth of 1.18% over the past hour.

Crypto-enthusiasts speculate the reason for the surge in prices to be the launch of advertisements on the Brave Browser this month. The BAT token is essentially based on entertainment and can be obtained through a variety of advertising and attention-based services on its platform. According to Twitter user @CryptoNilla,

“They are about to launch ads this month hence the pump.”

BAT was highly traded on ZB.COM exchange as it noted a volume of $8 million via the BAT/USDT pair. The second place was taken by Binance, the largest cryptocurrency exchange as it reported a trading volume of $7 million via the BAT/BTC pair. IDCM was on the third place with $6 million in volume via the BTA/BTC pair.

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