Michael Novogratz $400 Million Bet: Form Giant Crypto Merchant Bank

Billionaire investor Michael Novogratz pulled back from bitcoin toward the end of last year, citing market volatility, and ultimately scrapped his much-anticipated crypto hedge fund as a result. He’s since returned with a market-defining announcement of plans to open a full service crypto merchant bank, which some are describing as the ecosystem’s Goldman Sachs, and … Read more

Thailand’s Regulators Allow Bitcoin Futures Trading

Investors in Thailand can now trade bitcoin futures listed on the Chicago Mercantile Exchange and the Chicago Board Options Exchange. The country’s financial authorities say that these instruments should be offered in Thailand and one company is already offering them to their customers. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on … Read more

Venezuela’s Oil-Backed Cryptocurrency Declared Illegal

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 Collaborate on Curbing Crypto Trading Venezuelan Parliament Declared … Read more

5000 MW to Spare – CEO of Hydro-QuéBec Wants to Attract Cryptocurrency Miners

Just recently in an interview with Québec’s local publication, Le Journal, the CEO of the public utility company Hydro-Québec wants to attract cryptocurrency miners to the region to help bolster economic prosperity. Also Read: Chinese Bitcoin Miners Explore Relocating Abroad Amid Fears of Crackdown Hydro-Québec Needs a Solution to Avoid Energy Tariffs Hydro-Québec is a large … Read more