Venture capital firm Grayscale Investments banked a stellar 2019 to surpass the $1 billion mark in total investments. Venture capital firm Grayscale Investments banked a stellar 2019 to surpass the $1 billion mark in total investments.  By the numbers In a comprehensive eighteen-page report, the firm touted a record Q4 in 2019. It raised $225.5 million into its investment products, lifting the year’s inflow to $607.7 million after back-to-back quarterlies over $225 million, possibly signaling a larger market trend.  71 percent of the year’s inflow sprung from […]

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Cointelegraph interviewed Bancor’s Eyal Hertzog and Nate Hindman to learn more about the planned BNT airdrop, DAO transition and the future of crypto. Decentralized exchange project Bancor (BNT) is currently in the midst of launching a massive airdrop to all its token holders. Cointelegraph took the occasion to interview Co-founder and Product Architect Eyal Hertzog, and Head of Growth Nate Hindman. The duo shared their thoughts on the airdrop, existing trends in decentralized finance (DeFi) and Bancor’s upcoming transition to a Decentralized Autonomous Organization (DAO). Engaging the […]

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The SEC lands the latest blow against Telegram, forcing it to disclose its bank records, while Durov promises to comply. Telegram’s battle with the United States Securities and Exchange Commission became one of the most closely followed legal dramas of the crypto space in 2019. This was not only because it appeared to be the first time the Durov brothers’ relentless expansion faltered but also because the court case could have lasting implications for future fintech projects around the world.  Although an initial court decision seemed to […]

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Coinbase-backed Crypto Ratings Council expands its network with three new members and five digital assets. The Coinbase-backed Crypto Ratings Council (CRC), a group of major United States’ cryptocurrency firms seeking regulatory clarity, has welcomed new members. Established in late 2019, the CRC has expanded to include members like trading platform eToro, crypto exchange OKCoin and Radar, the startup behind decentralized exchange Radar Relay. Coinbase announced the news in a press release shared with Cointelegraph on Jan. 16. CRC now counts 11 members including Goldman Sachs-backed crypto finance […]

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Binance and Huobi received over 52% of total $2.8 billion in illicit Bitcoin transfers in 2019, according to a new Chainalysis report. Binance and Huobi have together received over 52% of total $2.8 billion illicit Bitcoin (BTC) transfers in 2019, according to a new report. Chainalysis’ findings Over the course of 2019, criminal entities moved a total of $2.8 billion in Bitcoin to cryptocurrency exchanges, according to a Jan. 15 study from Chainalysis. According to the New York-based firm, Binance and Huobi, two of the world’s largest […]

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US Congress sees another bill to free crypto spenders from a duty to report capital gains on crypto used in personal transactions. A bill seeking to exempt personal cryptocurrency transactions from taxation for capital gains has been reintroduced in the Congress of the United States.  What the bill looks to change Called “The Virtual Currency Tax Fairness Act of 2020,” the bill would establish an exemption for virtual currency expenditures that qualify as personal transactions. Users would then not have to report instances when they spent crypto […]

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Amid the constantly growing cryptocurrency market, the number of irreversible coins in increasing affecting the whole industry development. The initial coin offering crypto buzz hit all-time high popularity in 2017 when there were 875 projects, a significant jump from 29 in the previous year. 2018 picked up on the trend, introducing a further 1,253 projects. To date, there have been a staggering 5,683 ICO projects with 2,318 of them being cryptocurrencies. Of the total projects, 4,932 are based on the Ethereum platform. However, only a few of […]

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