30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $7,191
Bitcoin has had another choppy day of trading with another small short-squeeze, before settling back into the low $7,000 range.
Top Stories for December 12, 2019
BitMEX is being sued for $300 million by the alleged first seed-investor of the exchange in 2015.
The seed investment was meant to be converted into equity at a later date, however this never occurred. The equity would be worth $50 million today.
The plaintiff claims that BitMEX gave him false information, and is seeking $300 million to compensate for the equity and punitive damages.
German Bank, solarisBank, has launched a new subsidiary called solaris Digital Assets GmbH.
The platform is designed to offer custodial services for digital assets, and offers an API-access for partner companies. These companies will be able to create their own app-based front ends for the service.
Jack Dorsey, CEO of Twitter, has announced that he is recruiting a team of developers and designers to develop an open, decentralized standard for social media.
He stated his goal as Twitter being a client of the standard, highlighting problems with the current state of social media platforms.
The post BitMEX is Being Sued for $300 Million – December 12 appeared first on BitcoinPrice.com.