Blockchain analysis firm Coin Metrics points to discrepancies in Ripple’s escrow accounting. Is there a basis to the claim? On May 16, 2019, Coin Metrics released a report detailing discrepancies in Ripple’s escrow reporting system. The Blockchain analysis firm described these discrepancies as contradictions that required some explanation. As per usual, any story concerning Ripple […]
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EOS developer Block.one is offering backers a share repurchase price that will return as much as 6,567% on their initial investments. EOS developer Block.one is attempting a 10% buyback of its stock, offering backers a share repurchase price that will return as much as 6,567% on their initial investments. The news was reported by Bloomberg […]
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Findings by PwC and Elwood confirm the extent of the challenges, with bitcoin prices since decisively reversing. The 2018 cryptocurrency bear market cost the median crypto hedge fund almost 50%, a new survey headed by PwC revealed on May 12. According to the findings, around 150 cryptocurrency hedge funds survived last year, which saw bitcoin […]
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Today is the deadline for U.S. citizens to pay their taxes. What should they know about crypto taxation? Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a […]
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Bloomberg calls Bitcoin a bubble yet again, and Facebook is seemingly looking for $1 billion from VC firms for its stablecoin. Top Stories This Week NYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to […]
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American blockchain startup Flexa raised $14.1 million in funding to release a blockchain-powered payment network for retailers. New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers. The development was announced in a press release published on April 11. Per the release, Flexa has raised $14.1 million in funding […]
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Cryptocurrency hedge fund Polychain Capital saw its assets under management shrink from an erstwhile $1 billion high to $591.5 million in Q4 2018. Cryptocurrency hedge fund Polychain Capital saw its assets under management (AUM) shrink from an erstwhile $1 billion high to $591.5 million in Q4 2018. The news was reported on by the Wall […]
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As Bitcoin recovered to over $5,200, the crypto market has found new momentum, pushing others like Ethereum to recover. Year-to-date, the price of Bitcoin (BTC) is up 40% against the United States dollar, and other major cryptocurrencies such as Ethereum and Litecoin have also demonstrated strong gains in the past four months. Performance of crypto […]
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Bitcoin is at its most overbought level since its record highs in December 2017, Bloomberg analyst Mike McGlone claims. Bitcoin (BTC) is at its most overbought level since its record highs in December 2017, Bloomberg Intelligence analyst Mike McGlone claimed in an article published on April 5. Per the report, Bitcoin’s GTI Global Strength Indicator […]
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Some cryptocurrency exchange platforms are inflating their Bitcoin trading volumes to earn higher listing fees, but the market’s liquidity is still due to trading activity on tightly regulated exchanges. In mid-March, Bitwise Asset Management issued a damning report on Bitcoin (BTC) trading figures. The San Francisco-based index fund provider declared that up 95 percent of […]
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