Coin Center Calls for Congress to Give U.S. Taxpayers Safe Harbor on Bitcoin Hard Forks

Cryptocurrency industry non-profit research and advocacy organization Coin Center is calling for Congress to enact legislation that will provide bitcoin investors with safe harbor on federal taxes incurred as the result of software forks. Writing in a post published on the Washington, D.C.-based organization’s blog, executive director Jerry Brito argued that cryptocurrency investors who have

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Cryptocurrency Firm Pantera Capital Seeks $175 Million For Third Venture Fund

Pantera Capital, which has pioneered investments in cryptocurrency assets, has set its goal for its third venture fund at $175 million, surpassing the $25 million raised for its second fund and the $13 million from its first one, according to TechCrunch. A new filing for a Pantera venture fund offering with the Securities and Exchange Commission

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There’s Still No Bitcoin ETF, But U.S. Investors Just Got a Consolation Prize

The long-anticipated bitcoin ETF has yet to materialize, but American investors seeking to gain exposure to the flagship cryptocurrency through their standard brokerage accounts now have a consolation prize. Bloomberg reports that Bitcoin Tracker One, an exchange-traded note (ETN) that has been listed on Nasdaq Stockholm since 2015, can now be traded in U.S. brokerage

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Blockchain ETF Provider Will Launch a $100 Million Crypto Hedge Fund: Report

Reality Shares, an asset management firm based in California, will be launching a $100 million multi-strategy crypto hedge fund, a source told Business Insider. According to the company insider, the crypto fund will be “a mix of arbitrage, venture, and directional strategies.” Reality Shares has already obtained $25 million for the fund, the source said. The

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Overstock’s Cryptocurrency Subsidiary is Now Worth More than the Entire Company

When you visit Overstock.com, you’ll still be met by advertisements for discounted Martha Stewart Rugs and a coupon for an extra 10 percent off already-clearanced bedroom furniture. However, there’s no longer any denying that the firm is not primarily an e-retailer — it’s a cryptocurrency company now. Cryptocurrency Startup tZero Now Worth More than Overstock

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$500 Million Bitmain Data Center to Bring 400 Jobs to Texas Coal-Mining Town

Bitmain, the world’s largest bitcoin miner and mining equipment maker has announced construction plans for a new blockchain data center and cryptocurrency mining facility in the city of Rockdale in Milam County, Texas. CCN earlier reported that the company released plans to construct a data center in Texas as part of an ongoing North American

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This Cryptocurrency Hedge Fund Has a Lifetime Return of 10,136%

Midway through 2013, when the bitcoin price was trading at $104, cryptocurrency hedge fund Pantera Capital published an investor letter that made what at the time seemed to be a moonshot prediction: The bitcoin price, the firm said, will one day hit $5,000. Five years on, a $5,000 bitcoin price target is considered bearish, and

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Only 2% of U.S. Investors Own Bitcoin, Most View it as ‘Very Risky’: Wells Fargo Poll

A Wells Fargo/Gallup poll has revealed that only 2% of investors in the United States currently hold bitcoin, a finding that optimists will argue shows massive unlocked potential while cynics will paint it as the glass being half empty. Interest in bitcoin remains high, though, with 26% of U.S. investors saying they were intrigued by

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Major Milestone: There Are Now More than 300 Cryptocurrency Funds

The recent bitcoin price decline and subsequent bear market put a severe dent in profit projections for hedge funds that invest in cryptoassets, but it has not prevented the sheer number of these cryptocurrency funds — and the size of their assets under management (AUM) — from swelling to record levels. Number of Cryptocurrency Funds

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Novgratz-Led Cryptocurrency Bank Lost More than $130 Million in Q1

To say that Galaxy Digital, the cryptocurrency merchant bank founded by billionaire hedge fund manager Mike Novogratz, had a disappointing first quarter would be an understatement. The firm, billed as the “Goldman Sachs of Crypto,” lost more than $130 million during the first three months of the year, a product of a bear market that

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