Playboy Accused a Crypto Firm of Fraudulence

playboy is suing a crypto company

Playboy Enterprises submitted a lawsuit to the court of LA against the Canada-based company Global Blockchain Technologies. The plaintiffs claim that the abovementioned enterprise violated the contract concluded between the companies and refused to liquidate the damages ($4 million).

GBT was supposed to assist Playboy with implementing the blockchain technologies through an intermediary service. The firm, however, denies the accusations. According to The Los Angeles Times, GBT’s representative claimed:

Global believes it has a strong defense to the action and will be vigorously defending same.

We would like to remind that Playboy readers might soon get an opportunity to pay for it in cryptocurrency.

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UK Is Highly Likely To Ban Cryptocurrency Derivatives Due To Market Volatility

The United Kingdom adopted an attitude of severity towards cryptocurrency long ago. As the situation is quite pitiful on the market right now, the Financial Conduct Authority (FCA) in the UK decided to grapple with cryptocurrency derivatives that seem to be pretty unpopular among UK authorities.

The representative of the FCA, Christopher Woolard, claimed that they were discussing a possibility to ban crypto contracts-for-difference (CFDs), including options, futures, and transferable securities.

Woolard said:

“We’re concerned that retail consumers are being sold complex, volatile and often leveraged derivatives products based on exchange tokens with underlying market integrity issues.”

The current market volatility may alienate people from crypto investments, and may force authorities to ban or put big limitations on using cryptocurrency. Nevertheless, we want to remind you

Investors Lost $135 Million Due To OKEx’s Decision To Close BCH Futures Too Early

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John McAfee Wants the Crypto Community to Calm Down

John McAfee, who undoubtedly has lots of experience on the crypto market seems slightly annoyed with the panic that arose over the price collapse of cryptocurrencies.

McAfee believes that the phenomenon of bear market is quite a common state which happens from time to time, but eventually goes away and gives way to bullish trends. He also stated a couple of reasons which, in his opinion, might have caused such a downtrend, including inadequate crypto regulation and traders’ uncertainty.

The crypto enthusiast also mentioned the fact that the crisis might end, as the forces ruling it leave. Can it be connected with the recent Jihan Wu vs. Craig Wright scandal?

Crypto Wars: Jihan Wu vs Craig Wright, Who Gets McAfee’s Support?

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Bitcoin Cash CV Goes Wild and Reorganizes Its Own Blocks

The recent hard fork of Bitcoin Cash has caused a lot of noise in the crypto community. Some people even blame the collapse of the crypto market on this event. Moreover, as most experts predicted, the fork didn’t proceed smoothly and keeps causing confusion.

One of the newly emerged coins, Bitcoin Cash CV, developed by CoinGeek and supported by Craig Wright, conducted a reorganization of its blocks without any assistance from outside. According to multiple specialists, this is a major violation of the way blockchain functions.

Due to such a frivolity, Bitcoin Cash CV might soon be delisted from major crypto exchanges.

We remind you:

Bitcoin Cash ABC Was Attacked by an Enormous Amount of Spam

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The Crypto Market “Started Selling” Bitcoin by $4 500 by Black Friday or Top 5 Crypto-Services That Offer Discounts

What if it wasn’t collapse of the rate, but cryptocurrency market is preparing for the Black Friday? And it’s not an anti-record of the price tag of Bitcoin and other cryptocurrencies, but a huge discount? 🙂

All the news feeds are flooding with the information about “bad feeling” of the crypto market. Today, November, 20, 2018, the Bitcoin rate is hanging around the $4 500 mark, causing deep psychological trauma to the holders of cryptocurrencies. But, what if it is the time to rejoice and buy a cheap crypto ?

This is all, of course, “black” jokes on the grounds, that the world’s attention is focused within 2 events – the collapse of the cryptocurrency market and the upcoming Black Friday.

In order to lighten the spirits, The Coin Shark has collected top 5 trading platforms where attractive discounts to the Black Friday are already waiting for you.

1. Bitcoin Black Friday

The most popular crypto platform, where the massive sales of goods are held for Bitcoin on the Black Friday. The platform will start sales on November,23, 2018 at 00:00 UTC.

2. Overstock

This trading platform works constantly. It’s advantage is the opportunity to save up to 70%. On holiday sales, the founders of the platform, decided that they could give more to their users.  On Black Friday 2018, there will be discounts on goods up to 70%. For payment method they accept Bitcoin and other cryptocurrencies. 

3. TradingView

The website for monitoring cryptocurrency, gives to all traders a good opportunity to buy a powerful tool for research and analysing of the rate with a 60% discount on a Pro, Pro+ and Premium versions.

4. Crypto Asylum

The manufacturer of hardware wallets Crypto Asylum, decided to keep up with the “black tradition”. He will arrange the sale of his products with a 20% discount, on all of his products. The discount is given if you pay for your goods using Bitcoin cryptocurrency.

5. LEDGER

The manufacturer of the hardware wallet Ledger Nano S, is also not far behind from “the black trends”. It’s users will be given a 21% discount, if they place an order between Black Friday and Cyber Monday, which will be on November,26.

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Investors Lost $135 Million Due To OKEx’s Decision To Close BCH Futures Too Early

OKEx upset its customers once again, this time the crypto exchange cancelled their investments too early, as a result, they lost quite impressive amount of money – $135 million.

These investments include Bitcoin Cash futures; OKEx has implemented such investments recently, however, they were not approved by any regulated business.

The exchange took all the measures due to Bitcoin Cash hard fork last week:

“Due to the upcoming hard fork, strong volatility is observed in the BCH spot and futures markets. We expect an even greater volatility…The final outcome of the BCH hard fork is still unpredictable, and so are the responses of other constituent exchanges to the new forked coins.”

Nevertheless, the disruption happened and caused drastic drop in cryptocurrencies’ prices. The Hong Kong-based OKEx decided to deliver the contracts before their due dates. It caused losses to some investors. According to Bloomberg, Qiao Changhe, one fund manager, lost $700,000.

We remind you

Bitcoin Cash: Overview, Advantages and Disadvantages, Details of The Hard Forks

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A Communist Party Committee Will Be Opened Up in China by Huobi

As stated by South China Morning Post, one of the world’s largest cryptocurrency exchanges Huobi, more specifically, its filial, will launch a special Communist Party Committee. This is the first time a crypto or blockchain-related enterprise has done so.

The firm Beijing Lianhuo Information Office, owned by Huobi’s CEO, will now operate a communist division. There are two reasons for that: firstly, the law of China dictates that any company that has more than 3 members of the Communist Party as employees must have such a committee for promoting the Party; secondly, this will strengthen Huobi’s position on the legislative level.

This might be a very wise decision, taking into consideration the attitude of the Chinese government towards cryptocurrency.

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