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Cryptocurrency Market Tumbles; Bitcoin Falls 12 Percent

PYMNTS

11), the market came crashing down. 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. Ether, the second-largest cryptocurrency, was down 23 percent to $1,005 in price. Then, on Monday (Jan. trillion a day earlier.

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

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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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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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Bitcoin Daily: Nigeria’s Crypto Market Surges; Alleged Crypto Capital Operator Charged With Fraud

PYMNTS

Binance , Nigeria’s cryptocurrency market, has seen sign-ups surge 50 percent so far in 2020. The market is scrambling to provide users with a stablecoin. Nigeria has latched on to the cryptocurrency trend, boasting 35 million unbanked adults who possess mobile phones, the vast majority being women.

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Cryptocurrency Market Slumps As Ether Declines

PYMNTS

The cryptocurrency market is continuing its descent with the market hitting a new ten-month low after the price of Ether declined and regulators in the U.S. halted trading in two securities that are tied to cryptocurrency. percent at 5:00 p.m. New York Time Friday (Sept. 7) while Bitcoin dropped 2.1

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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 Price Manipulation Courtesy Of Bots

PYMNTS

The manipulation of cryptocurrencies is getting attention from regulators who have been warning that these digital tokens, and the exchanges they are traded on, could be vulnerable to price manipulation. When any venue tolerates manipulative or abusive conduct, the integrity of the entire market is at risk,” the report said.