Roger Ver and OKCoin at War Over Domain Name

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One of the most recognizable bitcoin-related domain names is at the heart of a dispute between Chinese bitcoin exchange OKCoin and bitcoin entrepreneur Roger Ver. The issue stems from the management of domain, after the two sides struck a five-year deal last December to control the property. Under the agreement, OKCoin was set to redesign the site and pay Ver a percentage of the revenue generated each month, with a minimum of $10,000 per month. The latest developments, which have seen Ver accuse OKCoin of fabricating legal documents and the exchange in turn alleging that Ver is intentionally seeking to smear its name, come after months of increasingly antagonistic back-and-forth over the direction of the site and the advertising plans that were supposed to drive the effort. OKCoin has released an official statement on the dispute, stating it would no longer manage the domain name. The company cited a recent action taken by the US Financial Crimes Enforcement Network (FinCEN) against Ripple Labs, which referenced Ver in its agreement with Ripple earlier this month, as its chief justification for stopping payments related to OKCoin also characterized the agreement regarding the domain as invalid because the entity named in the …

Whale Club: The Trading Room That Loves Bitcoin Price Declines

Whale Club: The Trading Room That Loves Bitcoin Price Declines

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“How much is he dumping?” The phrase comes to surface amid a collection of voices, most discussing the unknown trader. The room focuses on his (or her) observable market influence, dissecting how and why he closed all his short positions for signs of strategy. “He was defending that position,” one of the voices says with authority. “That price should have gone up on the ratio, it didn’t. I think it was him dumping.” Whether he’s Clowncontrol, Gregcron or Barry White, or one of a host of other usernames thabt dot the screen, is unclear. Salacious talk aside, it’s a boring day in the Whale Club trading room. Bitcoin is trading at $250, up from $230 days before. The rise has been the first jolt in an otherwise “choppy” cycle for theprice of bitcoin, weeks of ups and downs with no clear trading patterns to yield profits. “It’s been out since Monday,” one of the traders interjects amidst sudden silence, clearly bored by bitcoin’s stability. Debate ensues over the hit Netflix series House of Cards. For a moment, it could be any Wall Street break room. “Look at this one-minute candle, holy [expletive]!” exclaims another voice. Just as quickly, Whale Club is …