DEAD DEBATE? A law firm representing users of the now-defunct crypto exchange QuadrigaCX wants investigators to exhume and autopsy the body of its former chief executive, Gerald Cotten. Cotten’s death has been under suspicion since it was announced in January, one month after he had died from complications related to Crohn’s disease, which is not generally fatal. Full story
CRYPTO KINGS: Cryptocurrencies have once again outperformed any other major asset classes, rising well above annualized returns of the U.S. equities, commodities and bond markets in 2019. Despite trading significantly down from record highs of late December 2017, large-cap cryptocurrencies remain one of the greatest investment success stories of the last decade. Full story
MURKY SALE: Hydra, reportedly the largest darknet marketplace serving Russia and neighboring countries, claims it is seeking to raise $146 million through an ICO. Russian news outlet Forklog warned that the sale could be an exit scam, a common occurrence in darknet markets. Full story
OPEN THE COFFERS? The oldest ICOs have treasuries worth more than their market capitalizations. DigixDAO is offering to return some of that surplus, by asking DGD token holders whether it should completely dissolve its treasury or continue making grants to enhance the ecosystem. Full story
TOUGH TALK: The New York Attorney General's office has shed light on its ongoing investigation into Bitfinex and Tether. The office criticized Bitfinex for making “deeply perverse” arguments and refusing to produce documents during around the court case. Full story |
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| MID-BOUNCE BLOCK: Bitcoin's bounce from two-week lows reached on Thursday hit a wall near $7,250. With fresh bearish signs on three-day chart, the cryptocurrency risks falling back to $7,000 and may suffer deeper losses. A strong bounce could be seen if the immediate resistance at $7,250 is convincingly scaled. |
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