New Zealand Invests in Crypto Trading Platform, CEO Says Bitcoin Will Be Worth $600,000

The government of New Zealand has backed a local crypto savings and trading platform with $330,000 to expand its reach. Crypto Savings Firm Vimba Raises $330,000 from New Zealand Government Vimba, formerly known as MyCryptoSaver, originally founded as MyBitcoinSaver in 2014,

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Hong Kong to Propose Regulation for Cryptocurrency Trading

Hong Kong’s financial watchdog is looking to tighten investor protection by regulating cryptocurrency trading platforms. The Securities and Futures Commission (SFC), however, is limited by its legal regulatory reach of securities only, according to Carlson Tong Ka-shing, the outgoing chairman. Outgoing SFC

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Fidelity Searches for New Fund Manager to Run Crypto Arm

Fidelity’s recently revealed crypto fund is seeking a new fund manager after two key members have left to start their own crypto-focused venture capital firm. Fidelty’s Crypto Fund The crypto fund at Fidelity, the

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Azerbaijan’s Central Bank: Profits from Cryptocurrency Trading Must be Taxed

Azerbaijan, taking another step towards the legitimization and mainstream adoption of cryptocurrencies, has declared that the coins are subject to taxation in the country. Specifically, revenues generated by entities will face ‘profit tax,’ and individuals

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South Korea to Ease Cryptocurrency Trading Regulation, Highly Optimistic

The newly appointed Korean Financial Supervisory Service (FSS) Governor Yoon Suk-heun has stated that regulation should help the cryptocurrency market grow. He spoke during an address yesterday following the confirmation of his appointment by the nation’s president. Clear Regulation Will

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Trading Firm Plus500: Cryptocurrency Surge Is Over, Market Has Returned to More ‘Normal’ Conditions

The frenzy in the cryptocurrency market as coins surged towards the end of last year saw massive revenues for sites that permit customers to buy and sell them. Among those who profited include the online

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Peter Thiel-Backed Tagomi to Bring Expertise to the Online Cryptocurrency Market

In a step towards mainstream adoption, Peter Thiel’s venture-capital firm is backing a startup that intends to bring Wall Street electronic-trading expertise to the cryptocurrency market. Thiel’s firm, San Francisco-based Founders Fund, is one of the

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Major Cryptocurrency Hedge Fund: ICON is Our Biggest Bet in 2018

Dan Morehead an early cryptocurrency adapter and CEO of the hedge fund Pantera Capital said in an interview on Bloomberg yesterday that the funds biggest present position is in the Korean blockchain Icon. The statement surprised the host of the

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AirSwap’s Cryptocurrency Platform Launches in April, Merit of Decentralization

AirSwap, a New York and Hong Kong-based decentralized cryptocurrency platform, has announced its marketplace is going live on April 25, 2018. Decentralized Platform AirSwap Goes Live on April 25, 2018 Decentralized cryptocurrency marketplace AirSwap is ready to go

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