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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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Will Investing in Cryptocurrency Make You Rich

Will Investing in Cryptocurrency Make You Rich   Have you heard? Cyptocurrency is so hot right now. Bitcoin's price has been climbing for the better part of a year, topping $2,000 per coin for the first time in May, and rising to a record high above $2,500 — before dropping down just above $2,400 a coin as of Friday afternoon, per CoinDesk. Those numbers mean nothing to you? This one might: If you had made a small investment in bitcoin…

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How Do Bitcoin Transactions Actually Work

How Do Bitcoin Transactions Actually Work   Whether you’re interested in becoming a developer for blockchain applications, or you’re just looking to understand what happens under the hood when you send bitcoin to a friend, it’s good to have a working knowledge of what happens when you create and broadcast Bitcoin transactions to the Bitcoin network. Why? Because transactions are a basic entity on top of which the bitcoin blockchain is constructed. Transactions are the result of a brilliant collision…

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Russia is looking to regulate bitcoin but still doesn’t see it as a currency

Russia is looking to regulate bitcoin but still doesn’t see it as a currency Russia is exploring ways to regulate bitcoin, the country's central bank governor has told CNBC, but sees "doubts" over the benefits of the cryptocurrency and even questions whether it should be considered a virtual currency at all. In an interview with CNBC, Elvira Nabiullina, governor of the Russian Central Bank, explained that she views bitcoin as a digital asset rather than a currency, and this is…

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