Novogratz’s Galaxy Digital Invests in Startup That Helps Launch Crypto Exchanges

By | June 14, 2018

Novogratz’s Galaxy Digital Invests in Startup That Helps Launch Crypto Exchanges AlphaPoint Corp. has raised $15 mln in funding from digital assets merchant bank Galaxy Digital LP founded by billionaire investor Mike Novogratz, Bloomberg reported June 14. AlphaPoint Corp. is a firm which helps organizations launch crypto exchanges and tokenize assets. From now on, Greg Wasserman, managing director… Read More »

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New Blockchain-Based Supply Chain System Is Presented by Microsoft and Ardents

By | June 14, 2018

New Blockchain-Based Supply Chain System Is Presented by Microsoft and Ardents Microsoft has partnered with Ardents, a supply tracking solutions provider, to develop a new product tracking platform using blockchain technology and artificial intelligence (AI), Food Engineering reported June 14. The new blockchain solution, which is called Ardents NovaTrack, was presented at Viva Tech 2018 in Paris. The… Read More »

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Fundstrat’s Thomas Lee: Weakness in Bitcoin Is Caused by Futures Expiration

By | June 14, 2018

Fundstrat’s Thomas Lee: Weakness in Bitcoin Is Caused by Futures Expiration According to Fundstrat head of research Thomas Lee, the recent decline in Bitcoin (BTC) price is likely the result of the expiration of Bitcoin futures, Bloomberg reports June 14. In a report, Lee explained that the “gut wrenching” weakness in Bitcoin (BTC), which dropped upwards of 20… Read More »

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Despite Court Order Tokyo Exchange Says It’s ‘Technically Difficult’ to Close Accounts

By | June 14, 2018

Despite Court Order Tokyo Exchange Says It’s ‘Technically Difficult’ to Close Accounts A court order to freeze assets stored in an account on a cryptocurrency exchange in Tokyo could not be enforced, it was learned on June 13. The exchange said it was ‘technically difficult’ to foreclose the account. A mechanism for freezing accounts on the platform has… Read More »

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South Korea to Develop ‘Crypto Beach’, Modelled After Switzerland’s ‘Crypto Valley’

By | June 14, 2018

South Korea to Develop ‘Crypto Beach’, Modelled After Switzerland’s ‘Crypto Valley’ South Korea has revealed plans to launch a blockchain center in Busan city modeled on the Swiss Crypto Valley, local news outlet Edaily reported June 14. At a recent blockchain event in Seoul “2018 Global Blockchain Conference,” chairman of the Korea ICT Financial Convergence Association Oh Jung-geun… Read More »

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Oxford Profs Plan Launch of World's First Blockchain-Based, Decentralized University

By | June 14, 2018

Oxford Profs Plan Launch of World's First Blockchain-Based, Decentralized University A group of Oxford professors are seeking full-degree granting powers in the EU for the world’s first “blockchain university”, according to an email shared with Cointelegraph today, June 14. According to the team of academics behind Woolf Development, led by Joshua Broggi from the Faculty of Philosophy at… Read More »

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AlphaPoint Raises $15 Million In First Major Funding Round

By | June 14, 2018

AlphaPoint Raises $15 Million In First Major Funding Round Crypto services company AlphaPoint successfully raised $15 million in its first major round of venture capital funding, the firm announced Thursday. AlphaPoint raised the funds through Mike Novogratz’s Galaxy Digital, the self-described cryptocurrency merchant bank. Chief executive Salil Donde said Galaxy Digital managing director Greg Wasserman is also joining his… Read More »

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Bain Study: If Implemented Right, Blockchain Will Dramatically Reduce Costs For Banks

By | June 14, 2018

Bain Study: If Implemented Right, Blockchain Will Dramatically Reduce Costs For Banks Blockchain technology has the potential to revolutionize transaction banking according to a study by major global management consultancy firm Bain & Company, Cointelegraph auf Deutsch reports today, June 14. According to Bain, “transaction banking revenues tend to be less volatile than other types of banking revenues,… Read More »

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Ethereum Rebounds Up Nearly 10% as SEC Confirms It’s Not a Security

By | June 14, 2018

Ethereum Rebounds Up Nearly 10% as SEC Confirms It’s Not a Security The U.S. Securities and Exchange Commission (SEC) has declared that Ethereum (ETH) is not a security under U.S. securities law as it is a decentralized structure that is not controlled by any committed third party. SEC Backs Decentralized Coins Speaking at the Yahoo All Markets Summit: Crypto conference… Read More »

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Russia welcomes first filed cryptocurrency tax declaration

By | June 14, 2018

Russia welcomes first filed cryptocurrency tax declaration First Russian resident reports income received from the purchase and sale of cryptocurrency in 2017. An unnamed resident of the Russian region Altai Republic declared income from operations with cryptocurrency. It is the first time a Russian resident files a tax declaration related to cryptocurrency trading operations, the Federal Tax Service… Read More »

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