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Overstock Shareholders Compete to Lead Class Against tZERO’s Parent.

E-commerce giant Overstock faces a difficult period as several former and current shareholders fight for the status of lead plaintiff in a class action against the company. Overstock’s tZERO Project Created to Be Used Against Short Sellers The investors filed motions earlier this week in an effort to consolidate the five cases against Overstock and the appointment of a lead class counsel. origin »

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Lightning Network Plunges.

Bitcoin’s Lightning Network has seen a sharp drop in usage since summer, falling by 50%. The only proposed scaling method for bitcoin, the Lightning Network (LN), had only $12 million... The post Lightning Network Plunges appeared first on Trustnodes. origin »

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DeFi Nears One Billion Dollars.

The amount of assets locked in decentralized finance (DeFi) has grown by more than 10x since last year, from $50 million to now $700 million, an all time high. That’s... The post DeFi Nears One Billion Dollars appeared first on Trustnodes. origin »

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IDAX Crypto Exchange CEO Disappears Amidst Exit Scam Rumors .

IDAX, an Asian crypto exchange whose users have been unable to make withdrawals since November 24, has announced that it’s CEO, who allegedly absconded with the exchange’s cold wallet  is still nowhere to be found and as such, it is suspending all deposits and withdrawals indefinitely, according to a blog post on November 29, 2019. origin »

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Bitmain Lawsuit Heats Up, Plaintiffs Fight Motion to Dismiss.

United Corp, a Florida-based cryptocurrency company that sued Bitmain in December 2018, contested the mining giant’s motion to dismiss the case in a US court this week.   A cryptocurrency company United American Corp claims that China-based Bitmain should not be dismissed from the United States’ antitrust suit, as the mining gear maker requested. origin »

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