Venezuela to Issue $6 Billion of Petro

Venezuela to Issue $6 Billion of Petro

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The Venezuelan president Nicolas Maduro has announced that the value of the upcoming Petro cryptocurrency will be linked directly to crude oil, with one Petro worth the same as one barrel, around $60 at time of writing. 100 million Petros will be issued by the government, for a total val ...
Crypto Hedge Fund BlockTower Capital Raises $140 million

Crypto Hedge Fund BlockTower Capital Raises $140 million

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Cryptocurrency hedge fund BlockTower Capital has managed to raise $140 million in client funds. The fund, which started in August, closed to new investors on January 1st. Investors in the Connecticut-based fund include family offices and venture capital firms. Two big names which have ...
Ether Eclipse: Ethereum Reclaims Second Rank; DOGE Keeps Barking

Ether Eclipse: Ethereum Reclaims Second Rank; DOGE Keeps Barking

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Having crossed the psychologically significant $1,000 (USD) barrier just days ago, the price of Ether - the native cryptocurrency of Ethereum (ETH) - has continued to grow from strength to strength. Upon the time of writing, the unit price of Ether resides at $1,222, having enjoyed an in ...
Road To One Trillion: Crypto Market Cap Soars Above $800 Billion

Road To One Trillion: Crypto Market Cap Soars Above $800 Billion

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The value of the entire cryptocurrency market has continued its holiday-season surge, breaking through the $800 billion (USD) barrier for the very first time on Sunday. Any sign of a market-wide correction has been absent, for its value has soared to over $830b not even 24 hours later - ...
BitConnect Runs into Trouble with Texas Regulators

BitConnect Runs into Trouble with Texas Regulators

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BitConnect, an open-source, cryptocurrency trading and community platform, has received an Emergency Cease and Desist Order from the Texas Securities Commissioner for the unlicensed marketing of securities. The Texas State Securities Board states the following in a January 4th press rele ...
Is James Altucher Backing a Coinbase Rival?

Is James Altucher Backing a Coinbase Rival?

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James Altucher, a man termed the "face of the Bitcoin bubble" is a seed round investor for a newsletter and exchange service called Bitzumi, Inc. according to SEC documents released on Thursday, January, 4th. The filing reveals that Bitzumi has created a preliminary offering of 4,000,000 ...
Fraudulent ICO Claims Ethereum Founder Involvement and is Unmasked on Reddit

Fraudulent ICO Claims Ethereum Founder Involvement and is Unmasked on Reddit

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The as yet unregulated world of ICOs is particularly vulnerable to opportunists, exaggeration and outright scams. Ideas can be poorly thought through, potential markets are overestimated and claims are inflated. Startups might even lie about who is on their team. ICO “Othor” made the  pa ...
Dogecoin: The Joke Coin Worth $1 billion

Dogecoin: The Joke Coin Worth $1 billion

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When Jackson Palmer created Dogecoin he was having fun. It was a parody currency based on an internet meme featuring a Japanese Shiba Inu dog called Kabosu. He didn’t expect that it would one day be worth $1 billion. At time of writing Dogecoin’s market cap is over $1.2 billion, accord ...

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