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Report: $50B In Cryptocurrency Moved Out Of China

PYMNTS

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency could be picking up some of the slack.” .

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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations.

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Cryptocurrency Market Tumbles; Bitcoin Falls 12 Percent

PYMNTS

CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. According to Coinmarketcap, the overall value of the cryptocurrency market — or market cap —was $880 billion Monday morning, down from $1.08 Then, on Monday (Jan. Last week (Jan.

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Thailand to Tax Cryptocurrencies

Bank Innovation

Taxes on cryptocurrency? According to a report by Nikkei Asian Review, after a cabinet meeting suggested that crypto traders could be charged with as much as 7% value added tax as well as up to 15% tax on capital gains. Taxing cryptocurrency is a way for […]. That’s what regulators in Thailand are planning to institute.

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The State of Cryptocurrency in 2019

Bank Innovation

It was a tough year for cryptocurrencies. Over the past 12 months, Bitcoin – the most popular cryptocurrency – lost more than 70% of its market capitalization and Ethereum lost more than 80% of its value, according to digital currency exchange Coinbase.

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Cryptocurrency Investment Firm Bitwise Raises $4 Million

Bank Innovation

Cryptocurrency investment firm Bitwise today raised $4 million in seed funding. Investors in this round included Kholsa Ventures’ Keith Rabois, General Catalyst’s Hemant Taneja, Blockchain Capital, Naval Ravikant, Suna Said, Adam Ludwin, Adam Nash and Elad Gil.

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Cryptocurrency Exchange Bakkt Raises $182.5 Million Ahead of Delayed Launch

Bank Innovation

Bakkt, a cryptocurrency startup led by Intercontinental Exchange, scored $182.5 million to build out its futures trading platform for cryptocurrencies ahead of an anticipated, albeit delayed, launch in 2019. CEO Kelly Loeffler made the announcement of Bakkt’s first capital raise in a Medium post published Monday.