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Tag Archives: Investors

Spanish Government Approves Draft Law to Require Crypto Investors to Reveal Holdings

Cryptocurrency investors governed by Spain could face mandatory reporting of their holdings for tax purposes under a new draft law the government approved Friday, Oct. 19, local daily news network ABC reports. Unveiled at a press conference by the country’s finance minister María Jesús Montero, the measures seek to make holders of cryptoassets declare them regardless of whether they are ...

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BitGo Closes New Series B Funding, Advances Cryptocurrency Services for Institutional Investors

BitGo, which provides institutional-grade custodial accounts and multi-signature wallets, has recently closed a $57.5 million USD Series B fundraising round that included investors like Goldman Sachs and Mike Novogratz. Goldman Sachs and Novogratz’s Galaxy Digital Ventures combined investments reached around $15 million USD and the new fundraising round brings BitGo’s total funding to around $70 million USD. Goldman has previously ...

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Journalism Blockchain Startup Civil Cancels ICO, Refunds Investors

Crypto and blockchains startups, even those that hold great promise, have sadly received the full brunt of 2018’s dismal market conditions, resulting in a widespread loss of clients and investment interest. For example, freshly-printed studies have revealed that Coinbase, widely regarded as this industry’s golden child, saw 80% of its U.S.-based customer base dissipate, resulting in a similar decrease in volumes. ...

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Telegram to Debut ‘Test Version’ of Blockchain Platform TON ‘This Autumn,’ Say Investors

Encrypted messenger service Telegram will release a test version of its blockchain-based TON platform “this autumn,” Russian media outlet Vedomosti reports Tuesday, Oct. 16. Speaking to the publication, investors “confirmed” the authenticity of a circular sent to participants in TON’s Initial Coin Offering (ICO) at the start of September. In the circular, the company said that the platform’s blockchain component ...

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Investment Giant Fidelity Launches Digital Assets Services Targeting Institutional Investors

U.S. investment firm Fidelity has announced the launch of a new company, Fidelity Digital Asset Services, according to an Oct. 15 press release. The new company will offer custody and trade execution services for digital assets, targeting institutional investors like “hedge funds, family offices and market intermediaries.” According to the press release, Fidelity Digital Assets will provide a “secure, compliant, ...

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Has Bitcoin Bottomed Out With its Last Dip at $6,200? Investors Optimistic

Since Bitcoin found a foothold in the $6,200-$6,800 range in early-August, crypto traders have been doing their best to discern where this unpredictable market will head next. But, with positive crypto-centric news becoming commonplace, there has been an unprecedented number of investors, commentators, and industry leaders that have foreseen a bottom in the tumultuous cryptocurrency market. “Last Dip Ever” AngeloBTC, a well-followed ...

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China Threatens Overseas Tax Havens, Will Investors Flock to Crypto

Since early 2018, the government of China has tightened policies targeting millionaire investors in the country holding their wealth overseas to avoid large taxes, and it may lead local investors to alternative assets like crypto. Chinese investors rely on the Swiss offshore banking industry, Hong Kong real estate market, and foreign stock markets to hoard millions of dollars worth of ...

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Investors are Optimistic in Acquisition of Korea’s Largest Crypto Exchange

On October 12, CCN reported that BK Global Consortium, the parent company of Singapore-based BK Medical Group, has acquired a 50 percent stake in Bithumb, South Korea’s largest crypto exchange. Kim Byung-gun, a prominent plastic surgeon and blockchain investor, finalized the deal between BK Global Consortium and Bithumb, officially acquiring the leading cryptocurrency trading platform at a valuation of $350 ...

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Millennial Males Dominant Among Crypto Investors in the US

Age and gender seem to be crucial factors when it comes to purchasing cryptocurrencies in the world’s largest economy. According to a survey conducted by cryptocurrency startup Circle, the interest of millennial men in investing in crypto is higher than that of millennial women with 18% of the former planning on investing in crypto in the course of the next ...

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US Sef-Directed Investors Are A Group About 50-Million Strong

Twitter LinkedIn Facebook According to a report by Aite Group, online trading is on the rise. About a quarter of all US adults with internet access are now retail investors. These self-directed investors making up a large group of around 50 million people are amateur traders. This is in stark contrast to the just 2.8 million registered professionals associated with ...

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