• markets report bitcoin price
    Bitcoin,  Ethereum,  Markets Report,  Opinion

    Markets Report: Bitcoin grinds upwards as ether hits new all-time high

    Success for ether comes amid warnings that a return to vertical price action is likely a long way off

    A new week and a new Bitcoin—a quiet weekend passes and leaves the largest cryptocurrency shooting higher towards $40,000. After breaking $30,000 support late last week, fears of a fresh bearish retest have been left unfounded as Monday produces new upside. What’s next?

  • Did an inaccurate story claiming Chinese police raided Binance's Shanghai offices really knock $1,000 off the price of bitcoin? (Mussi Katz, via Flickr)
    Media

    EXCLUSIVE: The Block and Binance were working on a deal. Then a fight broke out.

    A lucrative partnership was lost after a cryptocurrency billionaire called a reporting error malice and demanded that journalists act as cheerleaders

    The Block and Binance were working on a potentially lucrative strategic partnership for more than a month, a source with knowledge of the negotiations told Modern Consensus. Then, on Nov. 21, the crypto news and research site published a story claiming that a police raid forced Binance out of its Shanghai offices. Not only was that wrong—at least about the police raid part—it enraged  cryptocurrency exchange Binance’s billionaire CEO, Changpeng “CZ” Zhao. He promptly jumped on Twitter, telling his 450,000 followers that The Block’s story was a lie. There was no raid, he said, and Binance hasn’t had a Shanghai office for two years. During the four-day Twitter fight that…

  • Spencer Dinwiddie Cred savings platform
    Cryptocurrencies,  Innovators,  Regulation

    Spencer Dinwiddie plans rebound from NBA $13.5 million tokenization rejection

    The Brooklyn Nets star guard plans to meet with the league to argue that selling a cryptocurrency backed by his $34 million contract doesn’t violate NBA rules

    Despite league opposition, Brooklyn Nets star and cryptocurrency enthusiast Spencer Dinwiddie hasn’t given up on plans to tokenize his $34.4 million contract and sell it to investors on the Ethereum blockchain. On September 26, Dinwiddie announced plans to offer tokens worth up to $13.5 million of his three-year contract to investors, trading up-front cash for his per-game payments. His contract is guaranteed, so investors would not lose their money if he is injured. The next day, the NBA told Dinwiddie that the plan violated the league’s collective bargaining agreement with the National Basketball Players Association, which says a player cannot “assign or otherwise transfer” his salary, the New York Times…