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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 writer at AMBCrypto and a part-time novice trader.


Binance coin pumps by over 6% in an hour; breaks its all-time high

Namrata Shukla



Source: Pixabay

On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.

Source: Trading view

Source: Trading view

At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.

This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].

The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.

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