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Michael Novogratz isn't Giving Up on His Crypto Dream
While suffering a $76-million quarterly loss might be enough for a lot of investors to fold, one thing 2018 taught us is that the cryptocurrency market is not for the faint of heart. And so, despite the $76.65 million loss Galaxy Digital Holdings suffered in the third quarter of 2018 - and  $136 million in total trading losses through December
MIT Report: Blockchain Will Become Boring in 2019 - And That's Not a Bad Thing
One of our top four storylines to watch in 2019 already includes the growth of blockchain beyond cryptocurrencies, and now we've got even more reason to be bullish on this development happening: According to the very smart people at the Massachusetts Institute of Technology, this will be the year that blockchain actually becomes normalized. In an article for the MIT
Report: Facebook's Blockchain Group is Trying to Ramp Up Staff - But it's Meeting Some Resistance
Facebook's secret blockchain group is in the midst of an aggressive hiring push, sending "staffers to crypto conferences around the world to recruit researchers, cryptographers, and top academics in the field," Cheddar reports. There's only one problem: With Facebook's reputation at its lowest point right now - given a succession of scandals that are mostly tied to its mishandling of
Despite Attracting A-List Investors, Basis Has Shutdown its Stablecoin Project
Basis, the New Jersey-based crypto startup that was working on developing a stablecoin - and had attracted a number of A-List investors in short order - has announced that it is returning all money to investors and shutting down. The company blamed regulatory challenges for its demise, noting in a statement that "having to apply US securities regulation to the
S.E.C. Chief Says ICOs Are a Good Way to Raise Capital - As Long as Security Laws Are Followed
To say the U.S. Securities and Exchange Commission has held a skeptical view of cryptocurrencies and initial coin offerings (ICOs) would be a major understatement. There have been the warnings to investors about the inherent risks of ICOs and cryptocurrency investment funds; the charges against ICOS for defrauding or misleading investors; and the pushback against celebrity endorsed coin offerings. Speaking
3 Takeaways From Bitcoin's Bad Year
It was at an investor conference in New York back in September 2017, as Bitcoin was surging toward record highs and pulling other cryptocurrencies up along with it, that JPMorgan chief executive Jamie Dimon declared Bitcoin to be "a fraud," asserting that the world's largest cryptocurrency by market value was "worse than the tulip bulbs." Dimon was, of course, referencing
Finding a Path Forward For Blockchain
Innovation is never easy. There are almost always failures, mistakes and doubts that stand in the way of any attempt to change the world: Apollo 1 caught fire on the launchpad and killed its three astronauts before Apollo 11 took man to the moon; the Wright Brothers' first flight lasted just a hair under a minute and was met largely
24 Fun Bitcoin Facts And Figures (That Will Make Your Head Spin)
The following infographic is courtesy of ICOWatchlist.com. It's published here with permission. A new cryptocurrency was born on 31st of October 2008, its name was “Bitcoin” and it has been surrounded by mystery, conspiracy theories, and confusion (not to mention a couple of disasters) ever since. Here is an alternative to the usual Bitcoin nguides which covers 24 of the
UBS Economist: Cryptocurrencies Are 'Fatally Flawed'
It's often said that you should never kick people when they're down, but does that same general rule of decency apply to cryptocurrencies? Apparently it doesn't, at least if you're UBS Wealth Management's global chief economist Paul Donovan. Even when Bitcoin was soaring toward record highs a year ago this month, Donovan remained skeptical, telling CNBC at the time that
SEC Charges DJ Khaled, Floyd Mayweather Jr. With Illegally Promoting ICOs
The Securities and Exchange Commission charged music producer DJ Khaled (real name Khaled Khaled) and boxing champ Floyd Mayweather Jr. with failing to disclose payments they received for promoting investments in a series of initial coin offerings (ICOs). Mayweather agreed to pay $300,000 in disgorgement, a $300,000 penalty, and $14,775 in prejudgment interest. Khaled agreed to pay $50,000 in disgorgement,