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Ripple’s class-action lawsuit takes a step forward, Bitcoin.com announces P2P exchange, and more

Febin Jose

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Ripple's class-action lawsuit takes a step forward, Bitcoin.com announces P2P exchange, and more

Crypto News – March 23

Bitwise report on crypto-exchanges: Bitwise Asset management informed the United States’ Securities and Exchange Commission [SEC] that 95 percent of Bitcoin [BTC] trading volume reported by unregulated exchanges were fake or non-economic in nature.

Read more at https://bit.ly/2HRUAVl

Bakkt reaches $740M valuation: Bakkt, the highly anticipated digital assets platform spearheaded by Intercontinental Exchange [ICE] reached a valuation point of $740 million in its Series A funding round.

Read more at https://bit.ly/2YjTl72

XRP faces market manipulation allegations: Peter Brandt, the author of Diary of a Professional Commodity Trader and an old school trader, alleged that XRP markets were manipulated and that the manipulators fix the support level, in a series of tweets.

Read more at https://bit.ly/2FoC1oN

BTC’s dominance could be 80%: According to recent research by John-Paul Thorbjornsen however, Bitcoin is still going strong with a market dominance of more than 80 percent. The researcher arrived on the figure by taking Bitcoin’s liquidity into account.

Read more at https://bit.ly/2U72il8

MatchMove joins World Wire: A partnership between World Wire and MatchMove was finalized on March 19, 2019, allowing the latter to access a single unified network for foreign exchange and cross-border payments.

Read more at https://bit.ly/2U2blDF

Facebook Coin’s future plans: Ted Livingston, the chief executive and founder of the Kik messaging platform equated the gravity of the Facebook Coin to the US dollar, and mulled a bold prediction.

Read more at https://bit.ly/2FuoTzI



Alexander Vinnik files extradition request: Alexander Vinnik, the founder of the now-defunct BTC-e, a Bitcoin exchange, who was accused of money laundering worth $4 billion, has requested for extradition to his homeland Russia after being detained in a Greek jail for 19 months.

Read more at https://bit.ly/2Hzt5Rg





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Febin Jose is a full-time journalist/editor at AMBCrypto. He believes that cryptocurrencies will navigate a volatile future and that Arsenal can still win a title. Lives around the "if it sounds like writing, I rewrite it" mantra.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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