Galaxy Digital Holding Ltd reportedly plans to launch two new Bitcoin funds that will target older investors, Bloomberg reports. In a phone interview, the cryptocurrency firm’s CEO, Michael Novogratz, told Bloomberg that the plan is to attract accredited and institutional investors aged 50 to 80 to cryptocurrency investing.
LocalBitcoins has announced that it has been registered as an approved virtual currency provider by Finland’s Financial Services Authority (FIN-FSA). That registration is now required for all digital currency providers if they intend to provide services in Finland.
IRS Criminal Investigation Chief John Fort confirmed this week that his agency is now focused on investigating possible tax issues involving Bitcoin ATMs and cryptocurrency kiosks, Bloomberg Law reports. Fort revealed the agency’s interest in the machines during a recent blockchain conference in New York:
Worldline Partners with Bitcoin Suisse to Provide Merchant Cryptocurrency Payments Services in Switzerland
European payments service firm Worldline is partnering with Swiss cryptocurrency company Bitcoin Suisse to provide digital currency payment services to consumers and merchants in Switzerland. Bitcoin Suisse recently announced that the two companies have signed a letter of intent, which is designed to increase acceptance and adoption of digital currency across the country.
Former European Central Bank President Jean-Claude Trichet had some harsh words for cryptocurrency over the weekend, the South China Morning Post reports. Trichet noted that he’s opposed to Bitcoin and suggested that cryptocurrency should not represent the future of money.
Silicon Valley venture capital firm Andreessen Horowitz will be launching a new course for entrepreneurs who want to create cryptocurrency and blockchain startups, CNBC reports. The firm announced the news on Friday. The fund’s co-head, Chris Dixon, told CNBC that the project will offer entrepreneurs a “new way” to build their startups”
In June 2018, researchers John Griffin and Amin Shams published a paper arguing that trading patterns on the blockchain suggested that the Tether stablecoin had been utilized to manipulate the price of Bitcoin during 2017’s historic cryptocurrency bull run. A new forensic study from the duo has reportedly found that the manipulation was caused by “one large player.”
The United Nations Children’s Fund (UNICEF) has formally launched a fund to enable donors to make donations using the bitcoin and ether digital currencies, CNBC reports. The UNICEF cryptocurrency fund will be used for donation storage and distribution of those donations.
A class-action lawsuit filed on Sunday accuses Bitfinex and Tether of manipulating the price of Bitcoin, and “propping and popping the largest bubble in history,” Bloomberg reports. The lawsuit alleges that the defendants’ actions have likely caused damages of more than $1.4 trillion.
When asked this week whether his company would be launching its own cryptocurrency to compete with Facebook’s proposed Libra digital currency payment system, Apple CEO Tim Cook told the newspaper Les Echos that there are no plans for an Apple digital currency, CNBC reports.
Ohio Treasurer Robert Sprague announced yesterday that his office is immediately suspending the OhioCrypto.com site, which was launched last November by former Treasurer Josh Mandel to provide the state’s businesses with an option to pay their taxes using bitcoin.
A new survey from YouGov reveals that the vast majority of Americans have at least some passing familiarity with cryptocurrency. In fact, the researchers discovered that 81 percent of those surveyed reported that they had heard of at least one digital currency.
The Intercontinental Exchange’s Bakkt bitcoin futures trading officially launched on Sunday, with the first physically-deliverable bitcoin futures trade executed at a price of $10,115, according to a tweet from Bakkt. According to reports, trading was relatively slow, with only five contracts traded in the first hour and a little more than two-dozen completed within the next ten hours.
Securities and Exchange Commission Chairman Jay Clayton said Thursday that bitcoin will need to be more regulated before it can be traded on any major exchange, CNBC reports. Clayton made the remarks at the Delivering Alpha conference, where he was the featured opening speaker.
Traditionally, governments have held a monopoly over the economic systems and financial barter used in their nation. Today, however, with all the possibilities inherent in robust cryptocurrencies, large multinationals like Facebook, Twitter, and Google/YouTube see new opportunities to embed financial operations in their core business model.
Japanese messaging app giant LINE announced Tuesday that its new cryptocurrency exchange Bitmax is now open for live trading. In a company statement announcing the news, LINE confirmed that the service will initially be available on Android mobile devices and available to all Japanese residents with LINE accounts.
Twitter founder and longtime Bitcoin backer Jack Dorsey recently confirmed that he is still a Bitcoin believer, while noting that his company has no plans to create its own cryptocurrency. That’s according to comments he made to the Sydney Morning Herald during a recent Square promotion trip to Australia.
The Bank of the Republic of Burundi has banned cryptocurrency trading in the country, according to a recent Bloomberg report. The central bank’s decision was in response to public requests to intervene from citizens who suffered losses from digital currency trading.
The Netherlands central bank, De Nederlandsche Bank, announced Tuesday that it will start regulating cryptocurrency services on January 10, 2020, Reuters reports. According to the central bank’s statement announcing the news, digital asset companies in the Netherlands will need to register to do business in the country:
The Portuguese Tax and Customs Authority has confirmed that cryptocurrency users are not subject to the Value Added Tax (VAT) when trading digital assets or using them for payments, according to a report from Jornal de Negócios. In addition, the agency indicated that cryptocurrency use is also free from income tax obligations.