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Trader Jailed and Fined Over $1 Million for Bitcoin and Litecoin Fraud …

The U.S. Commodity Futures Trading Commission (CFTC) issued a press release on Friday, November 9, 2018, stating that it had fined Arizona resident Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme against his former employer and other investors. The same day, a District Court in the Northern District of Illinois sentenced Kim to 15 […]
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Thomson Reuters Partners With Startup for Next Level Derivatives Exchange

Thomson Reuters (TR) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries. Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE). The company has now expanded its scope and entered into the […]
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Bitfury May Be Mulling Over an IPO

Bitfury, a leading mining firm and blockchain software company, is reportedly in talks with global investment banks in Europe and Hong Kong as it mulls an Initial Public Offering (IPO), according to Bloomberg sources close to the matter.The source also indicated that Bitfury is mulling other strategic options alongside the IPO, including debt financing or […]
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IRS Advisory Committee Requests Clearer Guidance for Crypto Tax Code

On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position toward cryptocurrency taxation.The Information Reporting Program Advisory Committee (IRPAC) recently released its annual report advising the IRS on possible areas to improve the tax code, specifically referring to data gathered throughout the […]
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New Study Reveals an Increase in Venture Capital Investment in …

Traditional venture capitalist (VC) investments are leveraging the decline in initial coin offerings (ICO) as the cryptocurrency industry tries to find bearing amid regulatory shifts and losses across the crypto markets. The negative toll on ICOs has seen them drop overall to 70 percent less than their initial values, according to a new report.Rise of […]
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Ether Price Analysis: Higher Lows Could Yield Retest of Local High

After two back-to-back weeks of record-setting volume, ether finds itself situated below historic resistance and currently unable to reach its downtrend line:Figure 1: ETH-USD, Weekly Candles, Downtrend and Record-Setting VolumeFor months, ether has been unable to break its downward trend. And now, after having an enormous amount of buying step in, the market finds itself […]
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a16z Puts $16 Million Behind Stablecoin Platform MakerDao

Stablecoins are becoming big business these days. In a $15 million deal, Andreessen Horowitz’s a16z crypto fund is buying 6 percent of the total MakerDAO maker (MKR) token supply. The investment will give a16z a financial and governance stake in the dai stablecoin.A16z made the announcement today, September 24, 2018. MakerDAO also received $12 million […]
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Bitcoin Magazine’s Week in Review: The Resilience of Bitcoin

Altcoins may come and go; hacks may challenge exchanges; mainstream financial advisors might not get it — but even in the face of a protocol bug, Bitcoin perseveres and develops. Here are this week’s top stories from Bitcoin Magazine.Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our […]
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World Bank and Australia’s Largest Bank Issue First Global Blockchain Bond

The World Bank and Australia’s largest bank, the Commonwealth Bank of Australia, have issued a public bond exclusively through the blockchain. The $100 million AUD ($73.16 million USD) deal is made up of two-year bonds. It expected to settle by August 28, 2018 and yield a 2.25 percent return.The prototype bond, dubbed “Bond-i” (Blockchain Operated […]
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Bitcoin Price Analysis: High Shorts Count Could Signal Price Hike

Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range (TR). After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TR:Figure 1: BTC-USD, 1-Day Candles, Macro TRAs shown in […]
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