Blockstack ICO Attracts Institutional Investors, Raises $50 Million

Blockstack ICO Attracts Institutional Investors, Raises $50 Million

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Blockstack closed their initial coin offering on December 1st, selling a total of 440 million coins that racked up an impressive $50 million in revenue.  The ICO launched back on the 16th of November and included no presale. Presale or not, the ICO still saw plenty of attention from big ...
Hedge Funds Getting Ready To Short Bitcoin

Hedge Funds Getting Ready To Short Bitcoin

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The introduction of bitcoin futures contracts to major American exchanges like the CME has been broadly seen as an institutional vote of confidence for the cryptocurrency, a move to the financial mainstream which has helped propel 2017’s extraordinary price rises. However, there are sign ...
Indonesia to Issue All-out Ban on Cryptocurrencies in 2018

Indonesia to Issue All-out Ban on Cryptocurrencies in 2018

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The Indonesian government will enter the new year in arms against Bitcoin and its cohorts. In an annual meeting held last week, Indonesia’s central bank officials announced their plan to institute an all inclusive ban on the purchasing, trading, and transacting of cryptocurrencies in 20 ...
UK and EU to Regulate Cryptocurrency Trading

UK and EU to Regulate Cryptocurrency Trading

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The UK government plans to bring cryptocurrency exchanges into existing anti-money laundering and counter-terrorism legislation. The rules are expected to come into force throughout the EU later this year or early next. A UK Treasury spokesman said: We have clear tax rules for peopl ...
Venezuelan President Announces National “Petro” Cryptocurrency

Venezuelan President Announces National “Petro” Cryptocurrency

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Venezuelan president Nicolas Maduro has announced plans to launch a new cryptocurrency, the “Petro”, backed by the country’s abundant oil and gas supplies. If successful the Petro would be the first digital currency issued by a country. Maduro’s hope is that the Petro might offer a way ...
CME and CBOE to Enable Bitcoin Futures Trading in December

CME and CBOE to Enable Bitcoin Futures Trading in December

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The CME and CBOE, two of the world’s largest options trading exchanges, have moved the date they plan to make cryptocurrency-based financial products available for trading to December 18th. This news comes after a prior announcement several weeks ago when CME group indicated a plan to la ...
Raiden Network Deployed on the Ethereum Blockchain

Raiden Network Deployed on the Ethereum Blockchain

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The Raiden Project is still a work in progress, but as of December 1, 2017, a streamlined version of the system has been launched on the Ethereum network. This launch follows the implementation of µRaiden - a channel which also goes by the name "Microraiden" - on the Ethereum test net. ...
Ethereum, Litecoin Founders Warn Users to Keep Away from BitConnect

Ethereum, Litecoin Founders Warn Users to Keep Away from BitConnect

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Litecoin founder Charlie Lee and Ethereum co-founder Vitalik Buterin weighed in on the controversial investment platform BitConnect late this week. Crypto fans have long questioned the program’s validity. With Bitconnect, investors are encouraged to stake their coins in the currency’s c ...
Goldman Sachs to Wait and See on Bitcoin

Goldman Sachs to Wait and See on Bitcoin

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The financial world is split on the potential of cryptocurrencies. J.P. Morgan boss Jamie Dimon thinks them only fit for criminals and residents of failed states while billionaire hedge fund manager Michael Novogratz is predicting a $40,000 Bitcoin in 2018. Goldman Sachs are somewhere in ...

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