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Ripple Board Member Ken Kurson Arrested For Cyberstalking

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Ripple Board Member Ken Kurson Arrested For Cyberstalking

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A board member of Ripple Ken Kurson has been arrested and charged with cyberstalking. Kurson who is also the Co-Founder of cryptocurrency website Modern Consensus was accused of sending messages containing threats to many people online which is an act that qualifies as a criminal offense under the anti-stalking, slander, and harassment laws of many states in the United States.

Evidence has also emerged that Kurson installed stalking software on someone’s computer to monitor and report their activities. Kurson who was being considered for a board seat on the National Endowment for the Humanities was reportedly discovered during a routine background check with respect to the position. 

A friend to Donald Trump’s Son-in-law, Kurson was appointed as Chief Editor of The New York Observer in 2013 when it was owned by Jared Kushner. While Ripple is yet to make any comment on the development, several key figures have commented on the event, the allegations suggest that some of the threats were to a friend of Kurson’s who he blames for his broken marriage.

Many consider these to be major criminal charges, Kurson’s lawyer says the charges leveled against his client are not worthy of federal prosecution and he is likely to get past it.

The arrest is coming on the heels of an announcement by Ripple’s CEO Brad Garlinghouse that the payment company could be relocating to the UK. According to reports, Garlinghouse says the company is more likely to thrive there than in the United States where XRP is considered to be nothing more than a security.

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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/ripple-board-member-ken-kurson-arrested-for-cyberstalking/

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Verge, Dash, and Status Follow XRP Higher Amid Absurd Crypto Rally

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The crypto market is in a phase where altcoins from the previous rally, 2017’s bull market, are absolutely ripping faces off.

While Bitcoin is up 5% in the past 24 hours, there are a series of these altcoins that have gained dozens of percent over the past day. These include but are not limited to Verge, Status, Dash, XRP, Stellar Lumens, and many more.

Many have been caught off guard by this rally: a few days ago, the narrative was that DeFi cryptos such as YFI and AAVE would be the outperformers. But at this point, any : Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

2017-Era Crypto Assets Explode Higher

In what seems to be somewhat of a coordinated move, all the most popular crypto assets from the 2017 rally are starting to move seriously higher.

If you look at data tracking sites such as CoinGecko or CoinMarketCap, you will be quick to notice that a majority of the top players in the top 100 are coins that once were popular in the 2017 bull run.

Coins such as Verge, Stellar Lumens, Dash, Status, XRP, Ravencoin, Siacoin, and others are up over 10% in the past 24 hours.

These are coins that largely underperformed through 2018 and 2019, and even earlier this year. The outperformance of these coins now appears to be related to a wider shift between DeFi cryptos and these old-guard cryptos.

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

All Eyes on Bitcoin

All eyes seem to be returning to Bitcoin, though, as the

Altcoins if bitcoin goes past 20,000$ pic.twitter.com/XbhbmfzyGH

— yTedd (@TeddyCleps) November 24, 2020

The expectation that many have is that once Bitcoin breaks past $20,000, both retail and institutional participants are going to siphon all their capital into BTC as opposed to looking for other crypto plays in the short term.

Whether this means that altcoins will drop against the U.S. dollar or just against Bitcoin remains to be seen.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: verge, status, dash, Charts from TradingView.com
Verge, Dash, and Status Follow XRP Higher Amid Absurd Crypto Rally

Source: https://www.newsbtc.com/analysis/xrp/verge-dash-and-status-follow-xrp-higher-amid-absurd-crypto-rally/

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Blockchain

Bithumb Temporarily Shuts Down Some Offices As Korea Faces Another Possible COVID-19 Outbreak

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South Korea’s largest cryptocurrency exchange Bithumb announced today that it is shutting down its offline offices as Korea struggles with a renewed coronavirus outbreak.

Bithumb Suspending Offline Support

Since the start of November, the country has been recording increased daily cases of COVID-19, with the number tripling in the last nine days. This has raised fears that South Korea has entered a third wave of the pandemic.

As authorities are taking measures to strengthen social distancing to curtail the spread of the virus, Bithumb said in its announcement that it intends to suspend its Seoul offline support service temporarily.

Bithumb noted that the Gangnam center office shutdown will begin on Tuesday, Nov 24, and will remain closed until further notice.

“We ask for your understanding of any inconvenience in using the service, and we will inform you of the normalization time of offline Gangnam Center operation through a separate notice,” the exchange said.

Bithumb Raided

In September, Bithumb was the headline across the crypto space. The exchange’s head office was reportedly raided three times as local authorities searched and confiscated company documents. In one of the raids, they seized dozens of shares in Bithumb Holdings belonging to Bithumb Korea Director Kim Byung-Gun.

The police accused Bithumb of fraud related to the $25.2million BXA token presale conducted by the company. Before the presale, Bithumb promised to list the token for trading after the event but failed to do so, causing investors to suffer massive losses.

Two weeks after the raids, authorities summoned Bithumb’s Chairman Lee Junh-hoon for questioning.

Bithumb For Sale?

Following the raid and probe, another report claimed that the exchange was up for sale with a price tag ranging from $430 million to $604 million. The report revealed that foreign financial investors and domestic private equity funds had shown interest.

However, Bithumb has remained quiet about the sale as well as the police investigation.

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Source: https://cryptopotato.com/bithumb-temporarily-shuts-down-some-office-as-korea-face-another-possible-covid-19-outbreak/

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IDEX Announces Multi-Chain Solution and Expands to Polkadot and Binance Smart Chain

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The popular decentralized cryptocurrency exchange (DEX), IDEX, has announced a multi-chain solution that is intended to expand its entire infrastructure to additional blockchains, namely, Polkadot and Binance Smart Chain.

IDEX Expands to Binance Smart Chain and Polkadot

In a press release shared with CryptoPotato, IDEX has revealed its multi-chain solution. Called Multiverse, it’s intended to expand the DEX’s infrastructure, including its layer-2 scaling and staking solutions to additional blockchains.

Its first implementation is going to be deployed on Polkadot’s layer 0 and Binance Smart Chain’s layer 1. This will enable the trade of digital assets on each of the platforms. In addition, IDEX token holders will also benefit from staking options starting from November 23rd.

It’s important to note that Polkadot will be used as layer 0. This means that IDEX will use a parachain of Polkadot in order to tap into its ecosystem. An example of this is Moonbeam. Speaking on the matter was IDEX co-founder and CEO Alex Wearn, who said:

In the past year, we’ve seen several new smart contract platforms emerge, each with a unique set of capabilities and assets. As these platforms grow, we’ll see increased demand for trading these assets and a need for non-custodial trading solutions that support these networks.

Attempts of Further Growth

It goes without saying that both Binance Smart Chain and Polkadot have gained serious popularity, offering an alternative to Ethereum’s network, which was troubled with congestion and high fees as the DeFi boom was at its peak.

IDEX hopes to bring its technology to emerging smart contract platforms. Through its Multiverse, the decentralized exchange aims to become a one-stop app for trading crypto assets on a range of different blockchains through a unified and secure platform.

All of its infrastructure, including its layer-2 system, will be further deployed on each layer-1 network. Independent assets will be issued on every new chain to support IDEX’s new layer2 economic model.

With this in mind, the first multi-chain IDEX tokens that are designated for Binance Smart Chain and Polkadot are IDXB and IDXP, respectively.

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Source: https://cryptopotato.com/idex-announces-multi-chain-solution-and-expands-to-polkadot-and-binance-smart-chain/

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