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Nexo's $3 Billion Arbitration Claim Against Bulgaria: Unveiling the Legal Battle

Nexo, a prominent crypto lending firm, has recently filed a $3 billion arbitration claim against the Republic of Bulgaria following a year-long criminal investigation into the company and its founders. In a press release on Wednesday, Nexo strongly argued that Bulgaria's investigation was unjustified and politically motivated, resulting in significant reputational damage and lost business opportunities estimated to be in the billions. The company, now cleared by the Bulgarian Prosecutor's Office, is seeking reparations for the financial harm suffered as a result of the investigation. Key Points: Nexo is one of 22 investors in Decrypt. The company had to abandon plans for a funding round with leading U.S. banks and an IPO on a major U.S. stock exchange due to the lawsuit. Nexo was finalizing a strategic alliance with a major European football club, which included the launch of a club-branded crypto payment card. Antoni Trenchev, co-founder of Nexo, emphasized that the arbi

Minding the Gap: What Traders Need to Know About the Bitcoin Futures Gap at $20k on the CME Chart

As an Ethereum expert, I can say that the world of cryptocurrency is constantly evolving and can be quite complex. One question that has been circulating recently is whether we need to "mind the gap" when it comes to Bitcoin futures. Specifically, there is a gap on the daily CME chart down at $20k, and traders are wondering if they should be concerned. Let me break it down for you.

What is a gap?

First things first, let's define what a gap is. In the world of trading, a gap occurs when there is a significant difference between the closing price of an asset and the opening price of the same asset on the next trading day. This can happen for a variety of reasons, but it's important to note that gaps tend to be relatively rare.

The gap at $20k

So, what about the gap at $20k on the daily CME chart? As traders, we always want to be aware of any potential risks or opportunities, so it's understandable that this gap has caught some attention. However, it's important to remember that gaps are not always significant or predictive of future price movements.

It's also worth noting that the gap at $20k occurred during the 2017 bull run and has yet to be filled. This could be seen as a bullish signal by some traders, but it's important to keep in mind that past performance does not guarantee future results.

Do traders care?

Ultimately, whether or not traders care about the gap at $20k will depend on their individual strategies and risk tolerances. Some traders may see it as an opportunity to buy or sell at a certain price point, while others may not find it particularly relevant to their trading decisions.

The bigger picture

While gaps can be interesting to keep an eye on, it's important not to get too caught up in the minutiae of daily price movements. As Ethereum experts, we know that cryptocurrency is a long-term game and that short-term fluctuations are just a small part of the bigger picture.

So, when it comes to minding the gap, my advice is to stay informed but not to let it distract you from your overall trading strategy. As always, it's important to do your own research and make informed decisions based on your own risk tolerance and investment goals.


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