Bitfinex says the second attempt by plaintiffs to frame the bitcoin manipulation complaint will fail just like the first attempt.

The Bitfinex comments follow a notice by Bittrex and Poloniex disputing claims that they knew about the alleged market manipulation by Bitfinex.

In June, the plaintiffs namely, Matthew Script, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz and Pinchas Goldshtein filed to add Bittrex and Poloniex to the lawsuit.
Here: https://news.bitcoin.com/bitfinex-scoffs-at-tether-market-manipulation-lawsuit-bittrex-and-poloniex-file-for-summary-judgment/

Litecoin’s [LTC] much awaited mimblewimble testnet launch might happen coming September as per project lead developer David Burkett. In the blog post shared by Litecoin team David Burkett shared the progress and current status of the project.
It’s a known fact any update or a new development for cryptocurrencies is linked with rise in prices and demand on exchanges. The Litecoin community though is viewing Mimblewimble Testnet launch as a revival of lost glory for Litecoin after a series of set backs. Earlier Charlie lee the creator of Litecoin sold all his Litecoin holding once the coin reached its all time high. This event was followed by the news that there is no developer activity on Litecoin for over 9 months.
Visit here: https://coingape.com/litecoin-mimblewimble-testnet-may-launch-in-september-lead-developer-shares-action-plan/

After spending over two years running atop the worst crypto market performers list, XRP has potentially begun a long-term recovery. According to technical analysis patterns and statistics, a short-term target for XRP may be closer to 40 cents per token. After that, a far larger surge is possible.

Here’s what Ripple’s long road to recovery may end up looking like if the current uptrend, confirmed by the ADX indicator, stays strong.
Visit here: https://www.newsbtc.com/2020/08/04/xrp-target-ripple-long-road-recovery/

Cardano (ADA) has been one of the strongest major cryptocurrencies throughout the past year.

The token has been posting consistent gains since the start of the year, which has been driven by massive inflows of new investors as well as some positive fundamental developments.

One such development would be the recent Shelley mainnet upgrade, which has long been anticipated by investors. The successful implementation of this upgrade is expected to bring ADA’s usage and utility to the next level.
Visit here: https://www.newsbtc.com/2020/08/03/cardano-ada-flashes-signs-of-weakness/

Overnight on Saturday, in the late hours of the night, Bitcoin price flash crashed by over 10% and $1,400 in just ten minutes.

But what caused such a massive crash in the cryptocurrency, and how can investors and traders prepare for such an unpredictable event?
Visit here: https://www.newsbtc.com/2020/08/03/bitcoin-flash-crash-explained/

BNB, the native token of the world's leading cryptocurrency exchange, Binance, has surged by more than 20 percent following July 24, 2020.
BNB, the native token of the world’s leading cryptocurrency exchange, Binance, has surged by more than 20 percent following July 24, 2020.

It is the same date on which Binance’s CEO, Changpeng Zhao, announced that they would launch an initial exchange offering round to fund their upcoming decentralized finance project. An Initial Exchange Offering (or IEO), allows startups to raise funds by selling their utility/security tokens at an exchange.
Visit here: https://www.newsbtc.com/2020/08/03/binance-coin-up-20-on-defi-product/

Ethereum dived from the $417 swing high and traded below $350 against the US Dollar. ETH price is currently recovering above $375 and it is likely to climb back above $400.
Ethereum Price Is Approaching Next Break
After a strong rally above $350 and $400, Ethereum faced a significant bearish move against the US Dollar. A high was formed near $417 before the price tumbled (similar to bitcoin and ripple) below $400 and $350.

The price even spiked below the $330 support level and the 100 hourly simple moving average. However, it found a strong buying interest near $305 and $300. Ether recovered sharply above the $330 and $350 levels.
Visit here: https://www.newsbtc.com/2020/08/03/ethereum-price-could-rally-above-400/

Bitcoin crashed more than $1,500 from the $12,115 high against the US Dollar. BTC is currently consolidating above $11,000 and it must surpass the 100 hourly SMA for a fresh rally.
Bitcoin Price is Consolidating Losses
There was a strong increase in bitcoin price above the $11,000 and $11,500 levels against the US Dollar. BTC even broke the $12,000 level and traded to a new multi-month high above $12,100.

A high was formed near $12,115 high before the price crashed more than $1,500. It broke many key supports near $11,500 and $11,000. There was a spike below the $10,850 support, but the price stayed above the main $10,500 support zone.
Visit Here: https://www.newsbtc.com/2020/08/03/bitcoin-holding-strong-at-11k/