Analyst: Bitfinex Court Hearing Could Contribute to Massive Bitcoin Volatility

The crypto markets have been closely following the situation that has been unfolding around the popular and controversial Bitfinex cryptocurrency exchange, which also owns the controversial stable coin Tether, which is accused by the NYAG of allowing US-based users to flout the Bitcoin (BTC) and crypto leveraged trading restrictions.

Because of the significance of the cryptocurrency exchange and stable coin, analysts are noting that the outcome of this court case could lead to volatility for Bitcoin and the aggregated crypto markets in the week ahead.

Bitfinex vs NYAG Proceeds in the NY Supreme Court, Will Bitcoin Be a Center Topic? 

The court proceedings between the embattled cryptocurrency exchange and the crypto-adverse NYAG began a handful of hours ago and Bitcoin has already become a topic of discussion, as the initial proceedings appear to be centered around whether or not the court has subject matter jurisdiction over this case as Tether – the exchange’s legal team claims…