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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Charlie Shrem is the former founder of BitInstant, co-founder of cryptocurrency intelligence service CryptoIQ and host of Untold Stories.A central character in the early rise
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In the countdown to the new year, private equity and hedge fund manager Fortress Investment Group is redoubling its efforts to buy up Bitcoin (BTC) claims from Mt. Gox creditors.A Bloomberg report on Dec. 19 alleged that Fortress’s offer is now roughly 13.5% lower than an initial bid it
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Ripple, the blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in a new funding round.Led by closed-ended investment company Tetragon, the new Series C funding round was also joined by Ripple’s major Japanese partner SBI Holdings and venture capital firm Route
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Bitcoin (BTC) has beaten gold in terms of returns by such a large amount this decade that investors have firmly dismissed recent price declines.Data from monitoring resource Blockchain shows that since 2010, Bitcoin has delivered profits of almost 9 million percent.Bitcoin profitable 89% of its lifetimePut differently, $1 invested
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Blockchain-based payments firm Ripple has raised $200 million in a Series-C funding round led by alternative asset investment firm Tetragon. Japan's SBI Holdings and VC firm Route 66 Ventures also participated, Ripple announced on Friday. “We are in a strong financial position to execute against our vision. As
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Japanese financial services giant SBI has partnered with Germany’s second-largest stock exchange Boerse Stuttgart Group to promote the adoption of digital assets.Specifically, SBI will invest an undisclosed amount in two digital asset-focused subsidiaries of Boerse Stuttgart Group — Boerse Stuttgart Digital Exchange (BSDEX) and Boerse Stuttgart Digital Ventures, CryptoX
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Binance has made a minority investment in the derivatives exchange FTX becoming the first outsider investor in the firm. As part of the deal announced on December 19, the crypto trading platform company acquired equity in the FTX derivatives firm. Additionally, it bought long positions in the FTX native Token,
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Bitcoin is on track to end 2019 on a positive note and significantly outperform traditional assets like gold and stocks. The number one cryptocurrency is currently trading at $7,125, representing a 93 percent gain on a year-to-date basis, according to CoinDesk's Bitcoin Price Index. Prices rose from $3,700 to $13,880 in
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Crypto investors have come to rely on crypto exchanges because they provide liquidity, a wide range of trading pairs and convenience. Given the great benefits offered by crypto exchanges, direct peer-to-peer transactions are still less popular, especially among traders. Over the years, crypto exchanges not only converted cryptos but also
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A United Kingdom national, and alleged member of “The Dark Overlord” hacking collective, has been extradited to the United States to face charges. According to an announcement from the U.S. Department of Justice on Dec. 18, the charges relate to the purported theft of sensitive information from companies in
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