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Largest Wall Street Crypto Firm Lost $134 Million in Q1 2018

Galaxy Digital — a full-service digital assets merchant bank launched by ex-Goldman Sachs macro trader Michael Novogratz — took a financial beating in the first fiscal quarter of 2018.  Rekt… The New York-based cryptocurrency-focused merchant bank disclosed its financial report for the first time this week, and the results weren’t great. As reported by CNBC, […]

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‘I Dissent’ – SEC Commissioner Slams Winklevoss’ Bitcoin ETF Rejection

SEC commissioner Hester M. Pierce voiced her formal disagreement shortly after the US Securities and Exchange Commission (SEC) denied the application of Cameron and Tyler Winklevoss for a Bitcoin ETF.  SEC Commissioner Hester M. Pierce said in a public statement that the commission was wrong to disapprove the proposed rule change to list and trade […]

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Japan’s Cryptocurrency Self-Regulator Proposes Margin Capped Trading Rules

The Japan Virtual Currency Exchange Association (JVCEA), is set to propose margin capped trading rules, attempting to reduce the risks of the fluctuating market.  Earlier in April, the 16 registered cryptocurrency exchange services in the country came together to form the Japan Virtual Currency Exchange Association (JVCEA) – a self-regulatory body designated to sanitize the […]

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Iran Considers State-Issued Cryptocurrency Ahead of Imminent US Sanctions

Iran might soon take a page out of Venezuela’s playbook by launching its own state-issued cryptocurrency. The move is occasioned by the fact that the country is set to come under renewed economic sanctions from the United States.  Local Companies and the CBI Collaborating to Create a National Cryptocurrency According to local media sources, the […]

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Bitcoin Is Not the Only Fruit: The Seven Shades of Crypto-Asset

Mention cryptocurrency to many people and they imagine just one thing: Bitcoin. But the creation of Bitcoin and the blockchain has spurred the development of a wide range of crypto-asset types. In fact, there are at least seven types you should be aware of, according to the authors of Blockchain Revolution.  Digital Everything Cryptocurrencies have long been likened […]

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Face Slap

Bitcoin has now held above the critical level of $8,000 for more than 40 hours, a clear testament that this recent rally could actually be sustainable and by now all eyes are on $10,000. What’s most notable is that the break above $8,000 happened on extreme volume. Tuesday’s trading action was high across the board. Online exchanges, […]

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