Crypto.IQ Daily Radio Show May 20: Bitcoin (BTC) Recovers from Thursday Flash Crash, Bitmex Now Has $200 Million in Its Insurance Fund, Kik and Kraken Battling Securities Regulators, Bitfinex’s Leo Token Goes Live for Trading Today Following $1 Billion IEO

May 20, 2019 / by Zachary Mashiach

Listen to the May 20 Crypto.IQ Daily Radio Show

On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Bitcoin (BTC) and the rest of the crypto market has recovered from the flash crash on Thursday. Bitcoin (BTC) reached as high as $8,300 yesterday but has pulled back a bit to $7,800 currently. We discuss how Kik is in a battle with the SEC that has already cost them $5 million in legal fees. Kik is trying to argue that its cryptocurrency is a currency and not a security following its $100 million ICO. Additionally, Kraken is battling securities regulators in Canada who are trying to declare that the entire exchange is subject to securities laws. Hear about how BitMEX has a $200 million insurance fund and how this is 0.15% of all the Bitcoin (BTC) in circulation. Bitfinex’s LEO token is going live for trading today following a $1 billion IEO, and it may actually appear soon in the top 20 on CoinMarketCap.

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