Crypto News 

Bitcoin’s latest climb brings post-Tax Day rally to more than 8%

“The cryptocurrency spiked about $300 to a high of $8,554.97, according to CoinDesk’s bitcoin price index” writes Artur Widak for cnbc.com. If bitcoin can break above the line, charts indicate the price can easily rise towards $9,173, he said.The IRS gave taxpayers another day to submit their returns after the agency’s web page for making the payments crashed Tuesday.Tom Lee of Fundstrat Global Advisors estimated U.S. households owe $25 billion in taxes on their cryptocurrency holdings. Source: cnbc.com Share This:

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Crypto News Regulators 

Macau Authority Issues Cryptocurrency Warning…

“Monetary Authority of Macau reminds all Macau residents that cryptocurrencies are virtual products, but not legal currencies or financial tools” writes Rebecca Campbell for livebitcoinnews.com. In the statement, the authority wrote: The media has reported that a Macau company was involved in an ICO [initial coin offering] recently.Under Macau monetary regulations, it is forbidden for any bank or payment institution to provide services to cryptocurrency exchanges.Macau joins a growing number of authorities that are reminding residents that digital currencies such as bitcoin aren’t legal and can be linked to criminal…

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Crypto News 

Venture Capital Backers of Cryptocurrency Companies…

“Digital currency companies and their Silicon Valley backers are seeking a broad oversight exemption from the U.S. Securities and Exchange Commission (SEC), claiming it would slow digital coin growth” writes Rebecca Campbell for livebitcoinnews.com. It claimed that the mechanism for trading assets meets the definition of a ‘security’ under the federal securities laws. Source: livebitcoinnews.com Share This:

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Crypto News 

A cryptocurrency CEO bragged that he ran off with $50 million — but after a journalist tracked him down in Egypt, he said it was just a joke

“First, Selene alerted the police in Frankfurt that Hankir had seemingly vanished with $50 million of his investors’ money” writes Zo Bernard for businessinsider.com. But one reporter, Adam Selene, who writes for the cryptocurrency site Crypto Briefing, decided to take action and investigate.”This is not monopoly money,” Selene said.  “[Savedroid’s investors] are real people.The community has lost faith in Savedroid. [Hankir] has betrayed his investors. Source: businessinsider.com Share This:

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Crypto News Platforms 

A.G. Schneiderman Embodies the Hostile Approach…

“As such, it is not surprising to see A.G Schneiderman probe 13 different exchanges and trading platforms” writes Jp Buntinx for livebitcoinnews.com. As such, A.G Schneiderman wants to take a closer look at these trading platforms.Cryptocurrency exchanges are a vital piece of the ecosystem’s infrastructure.Centralized cryptocurrency exchanges offer a high degree of convenience.Yet too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms. Source: livebitcoinnews.com Share This:

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Crypto News 

Bitcoin is flashing a rare buy signal, crypto hedge fund manager says

“The worst could be over for bitcoin, according to one of the best-known cryptocurrency hedge fund managers” writes Kate Rooney for cnbc.com. The firm saw the value of its cryptocurrency fund cut nearly in half in March, according to an investor letter published earlier in April.Morehead, whose firm returned 25,000 percent the year bitcoin hit its all-time high, said $6,500 was the bottom for this bear market.The hedge fund highlighted that since Dec. 1, its Digital Asset Fund was only down 3.1 percent net of fees, compared with bitcoin, which…

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Crypto News Platforms 

New York’s AG opens inquiry into cryptocurrency exchanges

“The news comes at a time of increasing scrutiny for cryptocurrency exchanges, with regulators worldwide turning their focus to exchanges, as well as developing local systems for regulating cryptocurrency businesses” writes Cecille De Jesus for coingeek.com. Regulators in the state of New York have announced an inquiry into several leading cryptocurrency exchanges, with as many as 13 separate operations coming in for closer scrutiny.Yet too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms,” he said.The exchanges targeted reads…

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Crypto News 

What Drove the Mid-April Cryptocurrency Rebound?

“What could be behind the mid-April bump to the digital currency space?” writes Nathan Reiff for investopedia.com. One of the major questions about digital currencies has been how they will be taxed by governments around the world.The turbulence associated with digital currencies could be picking back up again after a few months of general disappointment.In the U.S., regulatory bodies determined that digital currencies would be classified as property, making certain transactions subject to capital gains tax.With this massive tax payment looming over the heads of cryptocurrency enthusiasts across the country,…

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Crypto News 

Pornhub starts accepting cryptocurrency

“Verge cryptocurrency is anonymity-focused, which is why Pornhub executives say they chose it over other potential partners” writes Apr Edt for theverge.com. Now, users can pay for any Pornhub features, including a Premium subscription, using Verge cryptocurrency.Pornhub has started accepting cryptocurrency as a payment option, the company announced today.The site now accepts Verge cryptocurrency (no relation to The Verge), a rebranded version of Dogecoindark, which split off from the original meme coin, Dogecoin, in 2014.Still, Pornhub wasn’t one of the sites to include cryptocurrency as a payment method back then,…

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