Novogratz: Trying to Start a Bitcoin Business in This Market Climate ‘Sucks’

Crypto investor Mike Novogratz has expressed dissatisfaction with the level of difficulty involved in trying to build a cryptocurrency business amidst a persistent bear market, even as he remains bullish on the prospects of his company and the wider crypto space in the long term. Speaking to the Financial Times, the former Goldman Sachs partner and The post Novogratz: Trying to Start a Bitcoin Business in This Market Climate ‘Sucks’ appeared first on CCN

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Stablecoin Wars: Crypto Merchant Service BitPay Lists Paxos Standard

BitPay today expanded its stable of stablecoin offerings for merchant settlement to include the new Paxos Standard, the most heavily traded of the recently-launched group of “regulated stablecoins.” As CCN reported in October, BitPay has already added support for Circle’s USD Coin and Gemini’s GUSD. It has apparently decided not to support USDT — or The post Stablecoin Wars: Crypto Merchant Service BitPay Lists Paxos Standard appeared first on CCN

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Square Seeing ‘Real Growth’ in Bitcoin User Base: CFO

Square Inc. Chief Financial Officer Sarah Friar has hailed the impact of bitcoin support on the company as it continues to record strong growth driven primarily by its flagship Cash App, also known as Square Cash. “Rarefied Air” In a discussion with Emily Chang on Bloomberg TV, Friar remarked that the company is “super impressed” The post Square Seeing ‘Real Growth’ in Bitcoin User Base: CFO appeared first on CCN

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Cryptocurrency Mining Affects AMD Stock while Nvidia Overestimates GPU Demand

Demand from cryptocurrency miners has indirectly influenced the fortunes of GPU manufacturers Advanced Micro Devices (AMD) and Nvidia, with the former’s share prices increasing by 30 percent in May 2018 alone. AMD Stocks Rise on Mining Demand Since 2017, opportunistic cryptocurrency miners have started to bulk purchase GPU cards to build powerful mining rigs. While The post Cryptocurrency Mining Affects AMD Stock while Nvidia Overestimates GPU Demand appeared first on CCN

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Bitcoin Isn’t Currency, Can’t Replace Dollar, Says Incoming New York Fed Chief

Bitcoin and other cryptocurrencies cannot replace the U.S. dollar because they fail the basic test of what a currency should be. That’s what John Williams, the incoming head of the Federal Reserve Bank of New York, insists. “Cryptocurrency doesn’t pass the basic test of what a currency should be,” Williams said on April 20, as reported … Continued The post Bitcoin Isn’t Currency, Can’t Replace Dollar, Says Incoming New York Fed Chief appeared first on CCN

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South Korea’s Largest Cryptocurrency Exchange Partners BitPay for Remittance

Bithumb, South Korea’s largest cryptocurrency exchange, has partnered with major cryptocurrency payment processor BitPay to facilitate international remittance payments. US and South Korea Sonny Singh of Bitpay, the chief commercial officer at BitPay, stated that the company is on track to process $4 billion worth of transactions in 2018, and the team is focused on The post South Korea’s Largest Cryptocurrency Exchange Partners BitPay for Remittance appeared first on CCN

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Bitcoin Startup BitGo Acquires $12 Billion Asset Custodian Kingdom Trust

The post Bitcoin Startup BitGo Acquires $12 Billion Asset Custodian Kingdom Trust appeared first on CCN Digital currency startup BitGo has entered into an agreement to acquire Kingdom Trust, a digital asset custodian that currently serves more than 100,000 clients and manages more than $12 billion in assets. BitGo Acquires $12 Billion Asset Manager Kingdom Trust The acquisition, which was announced on Thursday and is subject to regulatory approval, follows BitGo’s The post Bitcoin Startup BitGo Acquires $12 Billion Asset Custodian Kingdom Trust appeared first on CCN

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This Public Company Raised Cryptocurrency-Secured Funding

The post This Public Company Raised Cryptocurrency-Secured Funding appeared first on CCN A U.S. company has raised $50,000 in what may be the first instance of a public company receiving cryptocurrency-secured funding. Public Company Raises Cryptocurrency-Secured Funding As detailed in documents filed with the Securities and Exchange Commission (SEC), Integrated Ventures, Inc. (OTCMKTS:INTV) issued a $50,000 convertible note to Global Opportunity Group, LLC in exchange for the The post This Public Company Raised Cryptocurrency-Secured Funding appeared first on CCN

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