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What Do UK Election Results And Brexit Mean For Cryptocurrency Value

What Do UK Election Results And Brexit Mean For Cryptocurrency Value The United Kingdom’s Conservative Party failed to secure a clear majority in the UK election on Thursday. The political upheaval surrounding Prime Minister Theresa May sent shockwaves throughout the economy. The New York Times reports London’s position as a “dominant global financial center” could be jeopardized. According to CNBC, by Friday morning the British pound dropped to the lowest value it has had in months: $1.2632. "The financial markets…

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America’s Cup 2017: Great Britain eliminated by New Zealand

Ben Ainslie's Great Britain are out of the America's Cup after New Zealand earned a 5-2 semi-final win. Leading 3-1 overnight in the best-of-nine contest, New Zealand won the first of Thursday's three scheduled races to take them to the brink. And although Britain won the next race, New Zealand took the third. "Three and a half years ago a few of us were sitting around a table in London – what we have we have achieved is incredible," said…

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Australian Stock Exchange Announces First-Ever Bitcoin Investment

Australian Stock Exchange Announces First-Ever Bitcoin Investment   In a first, Melbourne-based Blockchain Global Limited (BGL) has used bitcoin in an AUD$4.35 million investment to acquire a 40% stake in ASX-listed blockchain payments fintech DigitalX. Details from an announcement today on the Australian Stock Exchange (ASX) reveal DigitalX to receive, in bitcoin, AUD$300,000 in a convertible loan. A further AUD$550,000 will be invested in convertible notes along with AUD$3.8 million in shares. “DigitalX has received AUD$300,000 by way of a…

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Crypto Asset Fund looks to raise $400 million to buy into blockchain frenzy

Crypto Asset Fund looks to raise $400 million to buy into blockchain frenzy   Timothy Enneking started a cryptocurrency fund in 2014, when the market was almost exclusively bitcoin. That's no longer the case. The 58-year-old money manager is now aiming to raise up to $400 million for the Crypto Asset Fund, a diversified pool of digital currencies and assets that he expects to be in the tens of millions of dollars by the end of this year. Enneking filed…

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Cryptocurrency Investment Manager Seeks $400 Million for New Fund

Cryptocurrency investment manager Tim Enneking is seeking to raise as much as $400m for a new fund. New filings from the US Securities and Exchange Commission reveal that Enneking is launching the "Crypto Asset Fund", registered in the state of Delaware. CNBC first reported the news. According to that filing, no equity sales in the fund have been made. The minimum amount required by outside investors to gain a stake is $5,000, the filing notes. Enneking told CNBC that the…

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The new cryptocurrency gold rush: digital tokens that raise millions in minutes

The new cryptocurrency gold rush: digital tokens that raise millions in minutes   New York City About a dozen rain-soaked people were crammed between the revolving doors and security barriers in the lobby of New York University’s Stern School of Business as torrents pelted down outside. All desperately wanted in to the hottest ticket in town, one that promised to make some of them overnight millionaires, if not billionaires. Among them was Dan Morehead, a former Wall Street titan turned…

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How to get started in the cryptocurrency game

How to get started in the cryptocurrency game   As bitcoin reaches for $2,500 again, I thought this would be a good time to let readers know exactly how digital currencies work and how to get more information if you wish to partake in this alternative investment. There will be only 21 million bitcoins created, and as of last month, roughly 16.8 million or 80 percent of all the bitcoins have been “mined,” or created. So unlike the paper currencies…

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Move Over Bitcoin, These 4 Cryptocurrencies are Making Their Mark

Move Over Bitcoin, These 4 Cryptocurrencies are Making Their Mark   Just a few years ago if you thought of cryptocurrency you thought of Bitcoin and Bitcoin only. Bitcoin was propelled into the limelight back in 2013. Around that time The Silk Road was taken down and the U.S. government confiscated hundreds of millions of dollars worth of Bitcoin. Back then, cryptocurrency and Bitcoin was more of an underground thing used mostly for dodgy purposes. But today, the tech and…

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EU Commits 5 Million Euros to Fund Blockchain Surveillance Research

A group of government agencies, law enforcement groups and academic researchers are partnering on a new digital currency surveillance project. Backed by €5m in funding from the European Union, the initiative, dubbed "Tools for the Investigation of Transactions in Underground Markets", or TITANIUM, will be conducted over the next three years. Participants include Interpol, Interior Ministries from Spain and Austria, Finland's National Bureau of Investigation, and University College London, among others. In statements, the project's backers cited a recent wave…

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EU Commits €5 Million to Fund Blockchain Surveillance Research

A group of government agencies, law enforcement groups and academic researchers are partnering on a new digital currency surveillance project. Backed by €5m in funding from the European Union, the initiative, dubbed "Tools for the Investigation of Transactions in Underground Markets", or TITANIUM, will be conducted over the next three years. Participants include Interpol, Interior Ministries from Spain and Austria, Finland's National Bureau of Investigation, and University College London, among others. In statements, the project's backers cited a recent wave…

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