Crypto News 

Two US Law Firms File Class Action Against Altcoin Nano and Exchange BitGrail

“Two United States law firms have filed a lawsuit against the developers of altcoin Nano (NANO) as well as Italian cryptocurrency exchange BitGrail, according to a notice published Jan. 7” writes Ana Alexandre for cointelegraph.com. Crypto-focused law firm Silver Miller and securities law firm Levi & Korsinsky have filed a class action lawsuit representing James Fabian — “and on behalf of all other persons similarly situated” — an investor in Nano, formerly known as RaiBlocks (XRB).The lawsuit also accused Nano’s team of violating U.S. securities laws by selling unregistered securities…

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Crypto Markets News 

Ethereum Reclaims Top Altcoin Position, Rises $500,000 Clear of XRP’s Market Cap

“Ethereum (ETH) has beaten Ripple (XRP) to reclaim its position as the largest altcoin by market cap, data from CoinMarketCap confirmed on Jan. 2” writes William Suberg for cointelegraph.com. As part of a return to positive gains throughout the top twenty cryptocurrency assets through Tuesday, ETH — which had spent multiple weeks in the number three spot — suddenly reemerged, at press time surpassing XRP’s market cap by around $500,000. Source: cointelegraph.com

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Crypto News 

Altcoin Bitcoin Private Confirms Additional 2 Million Coins Secretly Premined

“After that, the threat actor reportedly exploited the bug, creating over 2 million coins during the publicly announced fork mine” writes Ana Alexandre for cointelegraph.com. On Dec. 23, digital assets analytics website Coin Metrics published a report revealing that during the import of Bitcoin (BTC) chain data, an additional 2.04 million units of altcoin BTCP — about $3.9 million at press time — were secretly minted.The statement reads: The BTCP team further notes it is not clear whether those coins were transferred to an exchange or used or stored elsewhere.The…

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Crypto News 

Ethereum, Ripple Lead Altcoin Price Charge With More Than 15 Percent Gains

“Cryptocurrency markets continued their push back into the black on Dec. 24 as Ethereum (ETH) and Ripple (XRP) took turns at giving altcoin investors a timely Christmas present” writes William Suberg for cointelegraph.com. Data from Cointelegraph’s price tracker and Coin360 shows a return to form across the top twenty crypto assets by market cap, ETH/USD gaining almost 17 percent in the past 24 hours and XRP/USD gaining 15 percent. Source: cointelegraph.com

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Crypto News 

US CFTC Asks for Comments to Improve Understanding of Ethereum Blockchain, Altcoin

“The United States Commodity Futures Trading Commission (CFTC) is seeking public comments and guidance on the Ethereum (ETH) blockchain, according to an official press release published Dec. 11” writes Helen Partz for cointelegraph.com. In order to improve the commission’s understanding of Ethereum and its underlying technology, the CFTC has announced its intention to publish a respective Request for Information (RFI) with the Federal Register.Moreover, the CFTC has expressed the wish to better understand the differences and similarities between Ethereum and the seminal cryptocurrency Bitcoin (BTC), specifically the “opportunities, challenges, and…

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Crypto News 

Coinbase Plans to Ramp Up Altcoin Listings Amid Growing Competition

“However, as competition begins to mount, Coinbase is looking to ramp up its altcoin listing process to keep up with emerging players” reports sludgefeed.com. This listing revelation comes as major Coinbase competitors, including Circle, Abra and Gemini, have begun to expand their altcoin offerings.This came a week after Abra added three major altcoins, Cardano (ADA), TRON (TRX) and Basic Attention Token (BAT).Circle Invest, the retail cryptocurrency trading platform run by Goldman Sachs-backed Circle, recently announced the addition of four major altcoins, including EOS (EOS), 0x (ZRX), Stellar (XLM) and Qtum (QTUM). Source: sludgefeed.com

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Crypto News 

Now any idiot can apply to list their altcoin on Coinbase

“Well then, this handy Coinbase application form is for you” writes Jack Morse for mashable.com. Notably, the application form doesn’t appear to be limited to issuers (“Lead Developer or Founder”).”The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework.”.  Source: mashable.com

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Crypto News 

Charlie Lee Defends Litecoin, Separates Fact from FUD

“Charlie Lee, the creator of Litecoin and former director of engineering at Coinbase, went on Twitter to clear up in 11 tweets the FUD (fear, uncertainty, and doubt) about the altcoin that has been circulating” writes Rebecca Campbell for livebitcoinnews.com. The creator of Litecoin took to social media earlier this morning to defend the altcoin by separating the facts from fiction.Interestingly, back in July, he stated that people should buy one Bitcoin first before purchasing any other crypto asset, including his own. Source: livebitcoinnews.com

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