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UNICEF Chooses Six Blockchain Startups for Humanitarian Investment Venture

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Months after publishing a “blockchain call” to startups that could benefit humanity, the United Nations International Children’s Emergency Fund (UNICEF) has invested in six blockchain startups. In January 2018, UNICEF called for early-stage technology startups that were registered in one of UNICEF’s programme countries. It received over 100 applications from 50 different countries. The organization

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Investment Funds Network to Migrate Entire System to Blockchain in 2019

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Investment funds transaction network Calastone, a founding member of the Linux Foundation-led Hyperledger Project, is shifting its entire system to the blockchain. The firm, which assists its client sell their funds all over the world via banks and financial advisors, expects to complete the switch to what it is calling the Distributed Market Infrastructure (DMI)

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German Firm Xolaris Launches Two Bitcoin Mining Investment Funds

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German investment firm Xolaris has launched a European private-equity fund focused on bitcoin mining. Xolaris expects to raise $ 34 million to $ 57 million for the four-year project, the company announced in a press release. “Professional investors kept asking us to create a regulated product in the area of ​​cryptocurrencies,” said Stefan Klaile, the CEO of Xolaris.

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Norway: Tax on Crypto Mining Scares Away $11.7 Million Foreign Investment

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NTC Services AS revealed that a foreign investor had stopped an $ 11.70 million investment into a crypto mining facility which was going to be built in Norway’s Tydal municipality. The data center consultancy told E24 that the investor went cold feet after hearing about the Norwegian government’s decision to exempt crypto mining centers from electricity

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French Esports Team Closes $22.7 Million Investment Round

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Team Vitality, a Paris-based esports team, has reportedly closed a $ 22.7 million investment round from London-based entrepreneur Tej Kohli, a self-made billionaire and philanthropist. According to the announcement, Team Vitality plans to use the funding to build out its office and training facility, in addition to expanding its footprint in Southeast Asia and China. The investment itself, […]
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KPMG: Institutional Investment Key to Cryptoassets Growth

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KPMG: Institutional Investment Key to Cryptoassets Growth

Auditors KPMG have published a report stressing the need for institutional investors to join the cryptocurrency industry. The report outlines the importance of cryptoassets as an investment alternative and how institutional investors can take part in the process.

Also Read: Zimbabweans Use BTC to Pay For Food Hampers Amid Foreign Currency Crisis

‘Digital Assets Have Potential, Institutionalization Needed to Scale’

In the report, released Nov. 18, the Netherlands-based firm said a new world of finance is emerging in which transacting in digital assets may become standard operation. “Cryptoassets have potential,” KPMG wrote, in the report titled ‘Institutionalization of Cryptoassets.”  Read more...

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Kraken Calls Bitcoin SV (BSV) an “Extremely High-Risk Investment”

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Kraken, a San Francisco-based cryptocurrency exchange with more than 57 trading pairs for 17 different coins, announced Sunday that it has credited holders of Bitcoin Cash (BCH) prior to the November 15 fork with Craig Wright’s Bitcoin SV (BSV). However, the exchange recently published a blog post warning investors about the risks associated with BSV, calling it […]
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Bitcoin Group SE Buys Investment Bank Tremmel for Undisclosed Figure

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Bitcoin Group SE Buys Investment Bank Tremmel for Undisclosed Figure

Bitcoin Group SE has bought 100 percent shares of investment bank Tremmel for an undisclosed amount. This is the German digital currency exchange operator’s second acquisition in 2018. Bitcoin Group, which holds current assets of $ 40 million, said Tremmel allows it to issue its own cryptocurrency-related products, conduct proprietary trading and operate bitcoin ATMs.

Also Read: Sompo Holdings Acquires 10% Stake in Kenyan Cryptocurrency Exchange Bitpesa

Acquisition to Expand Bitcoin Group Services Portfolio

Bitcoin Group SE Buys Investment Bank Tremmel for Undisclosed Figure  Read more...

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Bitcoin ETF Could Attract Billions in New Investment: VanEck

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A bitcoin ETF could attract billions of dollars in new investments, so the Securities and Exchange Commission (SEC) should treat pending proposals as an opportunity to regulate the crypto market, said crypto exchange-traded fund advocate Gabor Gurbacs. Gurbacs, the director of Digital Assets Strategy at VanEck, made this claim during an interview with CNBC Africa’s

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Nigerian Startups Call for Cryptocurrency Regulation to Stem Investment Outflows

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Nigeria's Start-Ups Call for Cryptocurrency Regulation to Stem Investment Outflows

Nigeria’s financial technology startups have called on the Central Bank of Nigeria (CBN) to provide legal guidelines for the cryptocurrency and blockchain industry. A lack of regulation is driving investment out of Africa’s biggest economy to areas like Rwanda and Europe while fomenting uncertainty, according to the Electronic Payment Practitioners Association of Nigeria (E-ppan).

Also Read: Canadian Bitcoin Miner Hut 8 Reports Q3 Loss of $ 8.7 Million

Lack of Regulation Drives Capital Away

Nigerian Startups Call for Cryptocurrency Regulation to Stem Investment Outflows  Read more...

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Zambia: Three Arrested in $2.4 Million Cryptocurrency Investment Scheme

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Three individuals are currently out on bond in Zambia after being arrested over charges related to a cryptocurrency investment scheme they had operated. The three suspects — Hilda Agnes Raubenheimer, Orient Rio Zekko, and Tapiwa Chirwa — are directors of cryptocurrency investment firm Heritage Coin Resources Limited, per the Zambian Watchdog. They allegedly collected more

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Hong Kong Investment Guru Lures Investors into HK$6.9 Million Crypto Ponzi Scheme

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Hong Kong-based stock market commentator Raymond Yuen has been indicted for misleading web users into investing into a Crypto Mining Ponzi Scheme. Based on reports on local Hong Kong media outlet The Standard, investors had narrated to the Democratic party how Yuen swindled them of HK$ 6.9 million in funds for a Ponzi scheme. According to … Continued

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Hong Kong Securities Regulator Promises to Regulate Crypto Investment Funds

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Hong Kong Securities Regulator Promises to Regulate Crypto Investment Funds

The Securities and Futures Commission (SFC) of Hong Kong has claimed that it will include crypto funds under its regulatory umbrella.

The SFC issued a statement on November 1, 2018, laying out its new approach for regulating virtual assets in the future. The SFC granted that there are many inherent risks in investing in a new space like cryptoassets and set out to address these risks through new regulatory action.

The statement showed a willingness to adapt the existing regulations around investing to conveniently and decisively affect crypto as well, staying away from either making these sorts of assets a specific new class of assets or attempting to discourage virtual assets altogether.  Read more...

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Morgan Stanley: Bitcoin is a New Institutional Investment Class

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There is a rapidly growing interest in bitcoin and other cryptocurrencies among institutional investors while there seems to be lethargy in the number of retail buyers operating within the space. As such, bitcoin and altcoins now constitute a new institutional investment class since 2017, according to new research from major US bank Morgan Stanley. In

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Bitcoin Investment Trust Creator Has Raised Record $330 Million This Year

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Ten months into a bear market that has seen cryptocurrency prices decline approximately 75 percent from their all-time highs, analysts differ on whether the bitcoin price has found a bottom or could continue to decline over a time horizon as long as 18 more months. However, Grayscale Investments, the crypto investment firm that created the

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Morgan Stanley: Bitcoin (BTC) Is a New Institutional Investment Class

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Morgan Stanley (MS) has been one of the more forward-thinking Wall Street institutions when it comes to cryptocurrency, and their recent report on Bitcoin (BTC) shows a new level of trust in the digital asset. In the report, Morgan Stanley cites institutional investor’s increasing assets under management (AUM), surging Bitcoin futures trading volume, and the relative […]
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Coinbase Partners With Major Investment Firm for New $500 Million Fund

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New York-based investment firm Wilshire Phoenix has partnered with Coinbase Custody, the secure digital asset storage company operated by Coinbase, to bring Bitcoin (BTC) exposure to a new $ 500 million fund. WP will launch a fund in 2018, which will provide some exposure to Bitcoin. We believe our patent-pending system will make it easier to […]
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Bitcoin Exchange Bitstamp Acquired by Belgian Investment Firm in All-Cash Deal

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Bitstamp, one of the oldest and largest bitcoin exchanges, has been acquired by Belgian investment firm NXMH. Fortune reports that the Brussels-based NXMH purchased an 80 percent ownership stake in the Luxembourg-based cryptocurrency exchange, which launched in 2011, shortly after the first “bitcoin bubble” drove the bitcoin price up as high as $ 31 and then

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PRIMEFUND CAPITAL – A New Player on the Crypto Trading Market That Has Successfully Launched Its Investment Project

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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Tap Secures Investment from Alphabit and FBG Capital

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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