Author: Adedamola Bada

A Quick Crypto Flashback to the Month of November 2018

After the month of October which saw little changes to the price of cryptocurrencies in the market, frustrating margin traders who were looking for better gains during the month, the month of November 2018 saw a lot of action and price volatility. The bad news about the mass change in prices for crypto hodlers was that the crypto market generally experienced a dip in value with the top 10 cryptocurrencies in terms of market capitalization all experiencing price drops. The result of the recent Bitcoin Cash Hard fork, Bitcoin SV, was the only crypto that experienced gains. The result...

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Bitmain Slapped with $5 Million Class-Action Lawsuit

While 2018 started on a bright note for giant bitcoin mining firm, Bitmain, the year is set to end on a distasteful note as the Chinese-based company continues to find itself embroiled in a host of difficulties— the latest being a $5 million class action suit. Bitmain has been accused by more than a 100 bitcoin miners of unfair practice and illegal profiting, after allegedly using its own distributed devices to mine cryptocurrency for its own purpose. As published recently in the Court of California’s docket listing, the company now faces a class-action suit of $5 million. The lead...

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