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Novogratz’s Crypto Investment Firm Galaxy Digital Shrinks Workforce 15%
14.2.2020
Galaxy Digital, the crypto merchant bank founded by Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said
$10K Bitcoin Prompts Influencers to Call a Bull Market
13.2.2020
Cryptocurrencies have gained significant value over the last few weeks and it’s causing exuberance among digital currency proponents. Now a number of traders and influencers believe bitcoin and other coins are in bullish territory. Despite the surge to $13K last July and the deep pullback...
Iran Concerns May Be Driving Trump Administration’s Talk of New Crypto Rules
13.2.2020
Tensions with Iran may be behind U.S. Treasury Secretary Steven Mnuchin’s cryptocurrency compliance comments on Wednesday
Authorities Arrest Ohio Man for Laundering $300M in Crypto on the Dark Web
13.2.2020
An Ohio native faces several charges of illegal activity, including laundering 350,000 Bitcoin through a Dark Web tumbler service
Crypto Lending Firm BlockFi Secures $30M to Facilitate Mainstream Adoption
13.2.2020
BlockFi has raised $30 million from an array of investors, including Morgan Creek Digital, Winklevoss Capital and Arrington XRP Capital
XRP Plummets 56% in One Candle, Bitmex Traders Outraged Over Flash Crash
13.2.2020
A number of XRP traders are complaining about massive liquidations on Bitmex as the price of XRP spiked and was brought down by 56% in a single candle. After the incident, well known traders with leveraged positions took to Twitter to complain about the upset as some investors were completely...
Crypto News Roundup for Feb. 13, 2020
13.2.2020
With bitcoin bouncing off $10,500, Markets Daily is back with another time-saving crypto update
Bitcoin and Cryptocurrency Are ‘Like a Giant Garbage Dumpster,’ Says Minneapolis Federal Reserve President
13.2.2020
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Tuesday that bitcoin and other cryptocurrencies are “like a giant garbage dumpster.” He would rather his one-year-old daughter have a low yielding Treasury bond than a bitcoin, emphasizing that...
Crypto Lending Startup BlockFi Raises USD 30M, Plans Singapore Office
13.2.2020
Zac Prince, co-founder of BlockFi. Source: a video screenshot, Youtube, Bitcoin Archives
Following the millions raised in the series A funding, major U.S.-based cryptocurrency lending startup BlockFi sees almost 64% more in funding just six months later. Also, they're about to open a Singapore...
SBI Crypto Subsidiary Partners With Northern Data on Mining Project
13.2.2020
SBI Holdings’s subsidiary SBI Crypto is partnering with German tech company Northern Data AG and Texas-based data centers operator Whinstone US Inc
Treasury Secretary Mnuchin Gives Testimony on Cryptocurrency, New Regulations Rolling Out Soon
13.2.2020
U.S. Treasury Secretary Steven Mnuchin gave his testimony on cryptocurrency before the Senate Finance Committee on Wednesday. Mnuchin said crypto is a “crucial area” that the Treasury has spent a lot of time on. He also talked about stablecoins and announced that new crypto regulations...
Crypto Exchange Model Disruptor FCoin Reports 'Severe' Damages, Data Loss
13.2.2020
Source: iStock/traffic_analyzer
Something is happening over at FCoin, a Chinese crypto exchange, and it resulted in the mysterious case of missing data. Meanwhile, the exchange opened a withdrawal process.
FCoin was founded by the former CEO of Huobi exchange, Zhang Jian. It's said to be...
Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks
13.2.2020
Banking giant Wells Fargo is backing blockchain forensics firm Elliptic
IRS Says No Taxes on Gaming Cash, Crypto Regulation Remains Hazy
13.2.2020
U.S. taxpayers have been freed from tax obligations on gaming transactions carried out with virtual cash, according to recent language modifications to the Internal Revenue Service (IRS) webpage. However, confusion still remains in the IRS tax regulations for real cryptocurrencies.
The website...
Top Soccer Club FC Barcelona Launching Crypto Token for Fan Engagement
13.2.2020
The record-breaking soccer club teamed with blockchain firm Chiliz to launch the crypto token seeking greater engagement with fans
FC Barcelona Dives Into Crypto, Partnering With Chiliz to Create Token
13.2.2020
Chiliz builds BAR fan token for FC Barcelona on its Ethereum-based blockchain
Coinbase Margin Trading Now Live for Coinbase Pro Users
13.2.2020
Coinbase has launched margin trading for users of its cryptocurrency trading platform, Coinbase Pro. Both individual and institutional investors in selected regions now have access to Coinbase margin trading. The company plans to expand access to more regions and provide more types of collateral...
IRS Refused to Clarify That Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says
13.2.2020
The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said
Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles
13.2.2020
A growing number of platforms allow Russian residents to purchase cryptocurrencies with local fiat money. Established cryptocurrency exchanges are not the most trouble-free option, however, as they often require extensive registration and rarely support popular payment methods in the region, unlike...
A New Partnership Lets Institutional Investors Play OTC Crypto Markets
12.2.2020
SFOX’s institutional investor clients can access the OTC crypto market with a single point of access