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Bitcoin Spikes by 2x in 26 Days: What’s Actually Behind the Big Rally?

Source Node: https://cointelegraph.com/news/bitcoin-spikes-by-2x-in-26-days-whats-actually-behind-the-big-rally
Time Stamp: April 7, 2020 2:33 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Bitcoin (BTC) price has increased by two-fold in less than a month, surging from $3,600 to over $7,350. While traders believe a combination of many factors caused the upsurge, there are three main factors that likely contributed to it.The three factors are a significant surge in spot buys, a massively overextended plunge below $4,000, and the immediate recovery of BTC to major support levels.Factor 1: Bitcoin spot buys on the riseCoinbase, Kraken, Binance, Bitfinex and other spot exchanges saw a substantial spike in buy volume following the March 13

Investor Sues Crypto Mining Firm Riot Blockchain to Pay $728K in Legal Fees

Source Node: https://cointelegraph.com/news/investor-sues-crypto-mining-firm-riot-blockchain-to-pay-728k-in-legal-fees
Time Stamp: April 7, 2020 1:45 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

An investor sued Nasdaq-listed cryptocurrency mining firm Riot Blockchain for $728,200 that the investor owes in another contract breach lawsuit.According to court documents filed on April 3, the aforementioned sum is the money Riot Blockchain investor Barry Honig and consulting firm GRQ Consultants spent on the legal proceedings over the contracts between the parties. The filing reads:“All of the agreements contain robust indemnification provisions which require Defendant to defend and indemnify Mr. Honig and GRQ against any subsequent lawsuits or claims ‘with respect to any of the’ securities purchases that