Bitfinex and Tether Respond to Latest Lawsuit – November 25

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $6,719

Bitcoinย has fallen another 3% over the last 24 hours of trading, with price now sitting well below the $7,000 mark.

Top-20 altcoins Continue to bleed, with XRP down 4% and Ethereum down 3%. Cosmos stands out, with a 6% increase over the last day.

Top Stories for November 25, 2019 ๐Ÿ”ฅ

๐Ÿ‘‰ Bitfinex and Tether Respond to Latest Lawsuit

Bitfinex has responded to a “copycat” lawsuit, which is similar to the one which was filed in October alleging that Bitfinex and Tether participated in market manipulation.

Bitfinex has identified several similarities between the two lawsuits, claiming that the allegations are without merit, and they will not settle on the suit.

๐Ÿ‘‰ JP Morgan to Fund Blockchain Automobile Inventory System

JP Morgan will finance an automobile inventory system built on blockchain, which is designed to digitize floor plan financing.

The system will combine the use of vehicle identification numbers with smart contracts, enabling real-time identification of the state of each vehicle in the system.

๐Ÿ‘‰ Bakkt to Launch Cash-Settled Bitcoin Futures

A recent press release from Bakkt announced an imminent launch of cash-settled Bitcoin futures contracts, which will be listed on ICE Futures Singapore.

The new contract will be listed on December 9th, along with new Bitcoin options contracts.