Category: News

Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion.

The president’s chances of reelection remain 12% and his probability of dropping out stayed at 63%, according to traders on the crypto-based prediction market platform.

BTC slides to lowest since late February, breaching key price support.

Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments.

While the industry was not mentioned in the party’s manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.

Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.

The news of the repayments added selling pressure on bitcoin and the larger crypto market after Mt. Gox announced last month its intention to start repayments in July.

The jobs data, due later Friday, is forecast to show that the pace of job additions in the world’s largest economy slowed sharply in June.

Software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner Hut 8 led declines as bitcoin dropped to the lowest level since late February.

“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.