Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges (news.bitcoin.com)

The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms.
Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales
Some Exchanges Will be…

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Venezuela’s Oil-Backed Cryptocurrency Declared Illegal (news.bitcoin.com)

The Venezuelan parliament has declared the oil-backed cryptocurrency created by President Nicolas Maduro illegal and in violation of the country’s Constitution. Maduro’s decree to create the national cryptocurrency, the petro, has been declared null and void.
Also read: South Korea Urges 23 Countries, EU, and IMF to

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Ethereum Regains Title as Second Most Valuable Cryptocurrency Behind Bitcoin

Bitcoin values also fell roughly 7.6% to $ 15,000, while Ethereum prices rose slightly, 2.5% to $ 1,155. That pushed Ripple's market capitalization down to $ 98.5 billion, and lifted Ethereum's value to $ 111.9 billion, according to data firm CoinMarketCap. Bitcoin, meanwhile, maintains its top spot with a …
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Bitcoin Rises Again As Cryptocurrency Gets a New 'Pal' In Peter Thiel

A few days after the media reports appeared saying that PayPal-s co-founder Peter Thiel's 'Founder Fund' invested over $ 15 million in bitcoins last year, the cryptocurrency prices started recuperating again. The bitcoins prices had hit a glass ceiling near $ 14,000 towards the end of 2017, but have started …
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Finance ‘Guru’ James Altucher Is Launching a Cryptocurrency Exchange (news.bitcoin.com)

Lately across the web, mainstream media has been highlighting an individual named James Altucher an American author, hedge fund manager, podcaster, and financial jack-of-all-trades. These days Altucher has been riding the trend of the bitcoin phenomenon, and some people call him a “cryptocurrency guru.” This week, public records show Altucher and his colleagues plan to raise $ 10Mn USD to launch a digital assets trading platform.
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Bitcoin futures investors set to suffer losses as cryptocurrency fever fades

It was seen as the moment that the cryptocurrency gained legitimacy among professional investors, allowing them to get a slice of the booming market for digital currencies with a regulated financial product, instead of buying Bitcoin directly. However, Bitcoin's entry into the mainstream has coincided with …
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Analysts Point to Regulatory Vacuum as Driving Australian Cryptocurrency Banking Woes (news.bitcoin.com)

There are increasingly publicized challenges posed to the Australian cryptocurrency industry by the country’s ‘big four’ banks’ refusal to provide financial services to crypto companies. Many analysts are speculating that the issue will become the catalyst for the development of detailed regulations for the virtual currency era, arguing that the opaque nature of the current legislative apparatus pertaining to cryptocurrencies is to blame for Australia’s bitcoin banking embargo.

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Cryptocurrency Mining Soars in Vietnam – Over 7000 Rigs Imported (news.bitcoin.com)

The Ho Chi Minh City Customs Department has revealed the number of known mining rigs imported into Vietnam in 2017. Over 7,000 rigs were brought into the country, mostly from China, with over 5,000 entering since November. While Vietnam is clamping down on the use of bitcoin as a means of payment, mining rigs are not on the list of prohibited items.
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