Tezos Gets 2 New Exchange Listings Amidst Ongoing Litigation

Hong Kong-based cryptocurrency Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term Crypto.com has adopted Tezos (XTZ) as the latest addition to its app. Per an official announcement from the company, the platform is also exploring the implementation of XTZ staking (‘baking’) rewards for its users.

According to the announcement, “users can now purchase [XTZ] at true cost with no fees” using credit cards and bank transfers (provided that users’ banks and credit card-issuers allow crypto-related purchases.)

This is the second new listing that XTZ has received so far this month. On August 5th, Coinbase Pro added XTZ as its newest tradable asset.

Tezos charges ahead in the midst of an ongoing class-action lawsuit

The news of the listings may have positively contributed to XTZ’s recent price performance. Within 24 hours after Coinbase Pro announced the addition of Tezos to its platform on July 30th, XTZ shot up from roughly $1.01 to $1.23; by August 15th, the price had dipped back down around $1.05, but has since recovered to $1.15, with a 24-hour increase of roughly 7 percent at press time.

Both listings came several weeks after an important ruling in an ongoing class-action lawsuit against Tezos that was initiated in 2017.

While the final outcome of the case has not been declared yet, “the Court rejected [the] Plaintiffs’ broad demand for documents that were created after the lawsuit was filed, with an exception for communication with regulators, [including] the SEC,” wrote lawyers Nelson Rosario and Stephen Palley in a piece for The Block Crypto.

However, at the same time, the court also ruled that “‘communications regarding communications between Defendants and the SEC or other governmental or regulatory agency’ might be relevant.”

Tezos was hit with several class-action lawsuits in 2017 following a highly-public spat between Kathleen and Arthur Breitman, founders of Dynamic Ledger Solutions – the Delaware-based company that holds Tezos’s intellectual property--and Johann Gevers, the then-president of the Tezos Foundation. The Breitmans asked Gevers to resign after claiming that he was a “roadblock” to the Foundation’s future.

At the time of its completion in July 2017, Tezos’ ICO was the largest in history, raising roughly $232 million in Bitcoin and Ethereum.