Polychain Leads $7 Million Round in Crypto Trading Desk Altonomy

Altonomy, a cryptocurrency trading desk, has closed a $7 million financing round from Polychain Capital. The company, founded by Ricky Li, is also funded by 7 Blocks. “As a liquidity provider for altcoins, more funding will allow us to have more inventory, taking larger exposure and managing risk more effectively,” said co-founder Li “We don’t […]

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PopUp Coin: it’s a win win for both consumers and retailers

Many governments certainly seem to be fearful of digital currencies. Just this month, President Trump tweeted his dislike of Bitcoin and Facebook’s new Libra coin. Of course, many commentators are quick to point out that governments worry about them because their currencies have the most to lose from them. However, as far as consumers and […]

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Facebook’s Libra Triggers US & UK Alarms; Will Bitcoin Take a Beating?

On CNBC’s Squawk Box, Philip Hammond, the Chancellor of the Exchequer and a senior official within the government of the U.K., said that Libra, a crypto asset developed by a consortium of companies including Facebook, poses a risk to the global financial system. Hammond’s caution towards Libra comes after U.S. President Donald Trump and France’s […]

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UK Royal Mint to Provide Custody for New Cryptocurrency

Royal Mint, a government-owned manufacturer of coins in the United Kingdom, will provide crypto custodial services for the first time ever, according to a press release shared with Cointelegraph on July 15. The 1,100 year-old financial institution is participating in the launch of new cryptocurrency temtum (TEM), which is expected to go live on July […]

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China Police Arrest Bitcoin Miners for Stealing Electricity Worth $3m

Police in eastern China have busted a ring of illegal bitcoin miners who stole almost $3 million worth of power to create the advanced money, provoking a neighborhood influence organization to warn agents, specialists said Friday. A decentralized virtual money, bitcoin can be delivered or “mined” by banks of PCs solving complex algorithm. The mining […]

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Below $10K: Bitcoin Price Drops $1.4K in 24 Hours to Hit 2-Week Low

The cryptocurrency markets fell sharply on July 14 after bitcoin (BTC) endured another $1,400 sell-off, denying the bulls a chance to revisit 2019 highs. At 09:00 UTC on July 14, BTC began to shed $1400 from its price tag, dropping below $11,000 and then $10,500 for the first time since July 2. Prices had initially […]

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