DOJ’s Bitcoin Price Manipulation Probe a ‘Good Thing’: Mike Novogratz

Billionaire investor and former hedge fund manager Mike Novogratz said that he is optimistic that the US Department of Justice’s (DOJ) recently-launched probe into allegations of bitcoin price manipulation will contribute to the long-term health of the cryptocurrency market. Speaking in an interview with Bloomberg, Novogratz — the founder of $250 million cryptocurrency merchant bank

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Crypto Exchange Kraken Hires Bush Administration Prosecutor as General Counsel

San Francisco-based cryptocurrency exchange Kraken has hired a former federal prosecutor appointed by President George W. Bush to serve as its general counsel. Business Insider reports that the exchange, eighth-largest in the world with a daily volume of just under $350 million, has hired Mary Beth Buchanan, the first woman and youngest-ever person appointed US

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Zimbabwe Cryptocurrency Exchange Golix Drags Central Bank to Court over Trading Ban

Zimbabwe cryptocurrency exchange platform Golix has taken the country’s central bank, the Reserve Bank of Zimbabwe, to court, saying the bank’s ban of cryptocurrency trading was unconstitutional as there are no laws that empower it to make such legislative moves. After banning banks from processing cryptocurrency transactions in the country, the central bank of Zimbabwe subsequently

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CFTC Issues New Guidance on Cryptocurrency Derivatives

The top US markets regulator has issued new guidance to exchanges and other trading platforms that are interested in listing bitcoin futures and other cryptocurrency derivatives products. The Commodity Futures Trading Commission (CFTC) released this new guidance on Monday, providing exchanges with a set of best practices to follow as they develop and launch these

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SEC Chair Jay Clayton Applauds Operation Crypto Sweep’s Crackdown on ICO Scams

Jay Clayton, chairman of the U.S. Securities and Exchange Commission, praised state-level regulators across the United States and Canada for cracking down on cryptocurrency fraud through their joint task force — “Operation Crypto Sweep.” “I applaud our fellow regulators in the United States and Canada who are coordinating and participating in efforts to police fraud

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‘Operation Crypto Sweep’: US and Canada Investigate 70 Cryptocurrency, ICO Scams

U.S. and Canadian regulators have opened about 70 investigations into cryptocurrency scams and fraudulent initial coin offerings as part of a wide-ranging, coordinated crackdown called “Operation Crypto Sweep.” The North American Securities Administrators Association (NASAA) said it has sent cease-and-desist letters to operators of what they believe are sham crypto companies in more than 40

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Bullish ETF Provider Liquidates Bitcoin Holdings, Citing Regulatory And Tax Issues

The ARK Innovation ETF (ARKK), one of the first exchange-traded funds to invest in bitcoin, has divested much of its bitcoin holdings, citing regulatory and tax concerns, according to CNBC. Last year, ARKK won ETF.com’s “ETF Of The Year” award for fulfilling its goal of providing access to disruptive technology. It won this award in

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Cryptocurrency Exchange Coinbase May Apply for a Banking License: Report

Cryptocurrency brokerage firm Coinbase has met with US regulators to discuss applying for a banking license, according to an anonymous source familiar with the matter. The Wall Street Journal reports that the firm, one of the largest in the cryptocurrency industry, met with regulators at the US Office of the Comptroller of the Currency (OCC)

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Why Warren Buffett Is Wrong on Bitcoin, According to Legendary VC Fred Wilson

Legendary venture capitalist Fred Wilson has issued an open response to Warren Buffet’s recent claim that bitcoin is equivalent to “rat poison squared” is fundamentally flawed. The American investing tycoon, Wilson said, has not done his research. Why Bitcoin Has Value Speaking at the Consensus 2018 conference in New York City, Wilson said that the

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New York Grants Fifth-Ever BitLicense to Crypto Broker Genesis Global Trading

Cryptocurrency brokerage firm Genesis Global Trading has become the latest firm to receive a BitLicense from the state’s financial regulatory. The New York-based Genesis on Thursday announced that the state’s Department of Financial Services (NYDFS) had approved its application, making it one of a handful of firms to receive a BitLicense, which formally allows cryptocurrency

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