Wednesday, December 12, 2018
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Nigerian Banking Regulator Warns Bitcoin’s Disintermediation Is a ‘Critical Concern’

The director and chief executive of the Nigeria Deposit Insurance Corporation (NDIC) has expressed concerns about cryptocurrencies and disintermediation, English-language Nigerian news outlet The Sun reported Dec. 12.Disintermediation is when consumers begin investing directly in markets, rather than through intermediates like banks.The NDIC was established in 1988 to ensure safety

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Crypto Exchange Kraken to Plan Private Offering After ‘$4 Billion’ Valuation

United States cryptocurrency exchange Kraken is considering a private offering to high net worth investors, Finance Magnates reported Dec. 12, quoting emails sent by the company.Kraken, which is currently the subject of a lawsuit over its support of the competing forks of altcoin Bitcoin Cash (BCH), has reportedly valued its

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Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now

Bitcoin is down more than 80% from its all-time high, dragging most major cryptocurrencies with it, including the likes of Ethereum and Ripple’s XRP. Despite this, Novogratz remains confident that Bitcoin will make a comebackA former partner at Goldman Sachs who is popularly called the “pretty face of cryptocurrency” Mike Novogratz, said

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Bitcoin News Crypto Currency Daily Roundup December 12

Bitcoin News The rundown: Bitcoin and all major currencies were up in the morning; Singapore-based crypto exchange giant Huobi Group opens its first Russian office in Moscow; Blockchain-focused merchant bank Galaxy Digital raises $30 million for customer-owned digital banking platform Good Money; Japanese lawmaker proposes changes to the current taxation

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Crypto Platform Cubits Begins Insolvency Procedure After Alleged Hack, Locks Users’ Funds

United Kingdom-based cryptocurrency payment platform Cubits has filed for administration following a sudden outage that locked customer funds, a company press release revealed Dec. 11.The act of filing for administration means that an insolvent company has appointed an external administrator in order to act of behalf of its creditors.Cubits, the

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Ex-Mt. Gox CEO Karpeles Denies Embezzlement as Prosecutors Call For Ten Year Jail Term

The former CEO of defunct Japanese Bitcoin exchange Mt. Gox, Mark Karpeles, could spend ten years in jail over alleged embezzlement, Japanese daily news outlet Nikkei reported Dec. 12.Karpeles, who presided over the major hack of Mt. Gox in 2014 that resulted in the loss of 850,000 BTC ($2.87 billion),

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