Crypto Markets News 

Galaxy Digital’s Novogratz Does Not Expect Bitcoin Price to Sink Much More

“Novogratz projected that the Bitcoin price will stay between $3,000 and $6,000 in the foreseeable future” writes Ana Alexandre for cointelegraph.com. Speaking on Bloomberg Television, Novogratz opined that there will not be much further decline in the Bitcoin price, despite the recent slump in the market.Mike Novogratz, an ex-Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, said that he does not expect the Bitcoin (BTC) price to decline much further in an interview published by Bloomberg on Dec. 18.In Novogratz’s view, there will be “a lot of…

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Crypto News 

Blythe Masters Steps Down as CEO of Digital Asset

“Per the announcement, Masters has requested to leave for personal reasons after three years of serving at the company” writes Ana Alexandre for cointelegraph.com. Blythe Masters, the CEO of Digital Asset, a tech company that builds products on distributed ledger technology (DLT), has stepped down, according to an announcement published Dec. 18. Source: cointelegraph.com Share This:

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Crypto News 

Hedge funds to start-ups, industry feels crypto pain

“Despite the downturn in cryptocurrency prices, Stover is still expecting 12 new crypto funds to launch within the next couple of months” writes unknown author for cnbc.com. So that would be 6 percent of our crypto funds,” Stover told CNBC in an email.Other funds like Morgan Creek Digital, which has $1 billion in assets under management, see the drop in cryptocurrency prices as an opportunity.Stover pointed out that most of the funds that are closing had very little capital and posted poor performance this year.Fast forward 12 months, and bitcoin…

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Brokers Crypto Markets News 

A new crypto company backed by Peter Thiel is launching to solve one of the industry’s biggest pain-points, and one trader said it ‘brings something that others haven’t brought so far’

“Crypto market experts have said that lack of prime brokerage services are one of the biggest pain-points keeping out mainstream institutional money” writes Dan Defrancesco for businessinsider.com. Tagomi Holdings, a startup backed by investors including Peter Thiel, went live this week with its electronic prime brokerage services for cryptocurrency markets.After seeing incredible growth towards the end of 2017, crypto markets have been hit hard in 2018.But despite these concerns, prime services are a positive step in the crypto market’s maturation.While it’s a positive step, prime brokerage services aren’t the cure-all…

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News 

France goes it alone to levy digital tax on tech giants from January 1

“France will push on alone with a digital tax on big tech companies from January, finance minister Bruno Le Maire said” writes Matthew Field for telegraph.co.uk. As fellow European Union members continue to discuss whether or not to impose a tax, Le Maire said the French measure would come into force “no matter what” on January 1. The levy on direct sales, ad revenues and the sale of private data will cover big tech firms including Google and Facebook, which have been criticised for not paying a big enough tax bill in the…

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Crypto News 

Egypt’s Central Bank Conducting ‘Feasibility Studies’ Around Digital Currency Issuance

“The central bank of Egypt wants to introduce a digital version of the Egyptian pound to reduce costs, local English language news outlet Amwal Al Ghad reported Dec. 16” writes William Suberg for cointelegraph.com. In line with various authorities in the vicinity, Egypt believes a blockchain-based digital version of its fiat currency can help keep issuance and transaction costs to a minimum compared to coins and banknotes, Amwal Al Ghad notes. Source: cointelegraph.com Share This:

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Crypto News 

Hodler’s Digest, Dec 10-16: Top Stories, Price Movements, Quotes and FUD of the week

“The Canadian city of Calgary, located in the province of Alberta, has launched its own digital currency: the Calgary Dollar” writes Molly Jane Zuckerman for cointelegraph.com. Head of Largest Romanian Crypto Exchange Arrested for Fraud on US Warrant Vlad Nistor, the CEO of Romania’s largest crypto exchange Coinflux, was reportedly arrested on a warrant from the U.S. for fraud, organized crime and money laundering.The digital currency will allow citizens, using an app on their devices, to support small businesses and nonprofits by keeping funds within the city.Coinflux is an online…

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Egypt to launch digital transformation strategy in January 2019: Nassar

“The Minister of Trade and Industry, Amr Nassar, stated that Egypt will launch a digital transformation initiative in the sectors of production and export next month” writes Daily News Egypt for dailynewsegypt.com. The minister explained that the aim of this visit is to familiarise more Egyptian investors with the Ugandan market, and to boost the economic cooperation between the two African countries. For her part, Kyambadde stressed her country’s keenness on strengthening the economic ties with Egypt, as it is one of the main markets in the Middle East and…

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News 

VC funds want new rules on investing in unicorns and tokens

“Venture capital funds are currently limited when it comes to making what the SEC views as “non-qualifying” investments, or deals that are outside the normal course of VC business, in order to protect investors” reports axios.com. Included in the 20% basket are secondary transactions, such as buying shares in a startup from other funds or the startup’s employees.The remainder must be direct deals, or stock purchased directly from the company.That 20% basket also includes purchases of digital tokens. Finally, the letter asks that investments in other VC funds also be…

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