Day: November 7, 2018

Bitcoin Bull Mike Novogratz Predicts a New Record High for 2019

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This year so far has been the year of huge corrections and regulations for Bitcoin and the overall crypto market. The Bitcoin price is down by nearly 70% from its peak of $20000, as the world’s largest cryptocurrency is now forming a new base at $6000. However, this hasn’t stopped many Bitcoin enthusiasts from making predictions for the next BTC bull run. Hedge fund titan and Bitcoin bull Mike Novogratz predicts that Bitcoin price will set a new record in 2019 breaking all previous highs. Novogratz is betting big on…

Coinbase Offers $5k Egg-Freezing Benefit in Bid to Retain Talent

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Silicon Valley cryptocurrency unicorn Coinbase has taken an unusual and expensive step to recruit and retain diverse employees. Since the summer, Coinbase has quietly offered to cover up to $5,000 a year for treatments like egg-freezing through the fertility benefits startup Carrot. This employee perk, which helps women conceive children later in life, is provided in addition to Coinbase’s health insurance options. One Coinbase employee, who preferred to stay anonymous, told CoinDesk: “It’s definitely a luxury, which is why I feel fortunate that Coinbase and Carrot help make family planning more simple…

Ethereum Price Analysis: ETH/USD Breaks Key Resistance, $230 Next?

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Key Highlights ETH price traded higher and broke the $215 and $220 resistance levels against the US Dollar. Yesterday’s highlighted key breakout pattern was breached with resistance at $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded towards the $223 level and it remains well supported on dips near $216. Ethereum price is climbing higher against the US Dollar and bitcoin. ETH/USD broke the important $215 resistance to move further into a bullish zone. Ethereum Price Analysis Recently, there was a minor downside correction from…

Texas Regulator Issues Cease and Desist Order to Cloud Mining Company

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The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cloud mining company AWS Mining PTY LTD for selling unregistered securities, according to an official notice filed Nov. 6. Per the document, AWS Mining along with its multiple agents and Chief Marketing Officer Josiah Kostek have violated the Texas Securities Act by luring the state’s residents in purchasing AWS’ unregistered cloud mining power contracts and promising a “200 percent passive return on every investment.” The company’s website also reportedly offers investors to join a…

Chinese Court: Bitcoin Is Property and Protected by Law

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A Chinese Court recently ordered a company in a civil dispute to repay a misappropriated amount of cryptocurrency, setting a legal precedent for cryptocurrency-related disagreements. According to a Finance Magnates’ article published on November 5, 2018, despite China’s 2017 cryptocurrency ban, the Shenzhen Court recognized in the civil dispute that cryptocurrencies have economic value. China Validates Bitcoin Trading Contracts Finance Magnates reported that Shenzhen’s International Court of Arbitration recently solved a dispute concerning companies A, B, C, and D. Company A, which owns company B agreed to sell five percent…

Crypto Market Surges in Daily Volume to $13 Billion, Renewed Optimism

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Twitter Facebook LinkedIn Over the past three days, the volume of major cryptocurrencies and the rest of the crypto market has increased substantially, from around $10 billion to $13 billion. Bitcoin, in particular, has seen a large increase in volume from $3.1 billion to $4.3 billion within a week, by more than 40 percent. Led by the positive price movement of Bitcoin and its noticeable increase in volume, the value of other major cryptocurrencies like Stellar (XLM), Cardano (ADA), and Tron (TRX) has increased by the range of 3 to…

Bitfury Raises $80 Million from Korelya, Macquarie, Mike Novogratz

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Blockchain technology company, Bitfury, has raised $80 million from a number of global institutional and corporate investors. Led by Korelya Capital, the private placement was joined by Macquarie Capital, Asian financial institution Dentsu Inc., European investment company Armat Group, European fund managers Jabre and Lian Group, Argenthal Capital Partners, insurance group MACSF and Mike Novogratz’s digital asset merchant bank Galaxy Digital. Mike Novogratz’ Galaxy Digital Backs Cryptocurrency Giant Bitfury with $80 million The digital currency mining startup was reportedly considering a $5 billion crypto IPO, with a plan to go public in…