Cryptocurrencies

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Interest in Cryptocurrency Derivatives Drives CFD Marketplace’s Revenues up 284%

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Derivatives trading platform provider Plus500 posted a 284% increase in revenues in the first quarter of this year compared to the previous year, largely due to high levels of interest in its cryptocurrency CFDs offerings. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Triple Digit Rise On Tuesday, contracts for difference (CFDs) market provider … Read more

US Court Rules Alibaba Powerless to Stop Cryptocurrency Using Its Name

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A U.S. District Court has ruled against Chinese conglomerate Alibaba Group in favor of a Dubai-based cryptocurrency foundation, Alibabacoin. The judge says Alibaba Group did not show any jurisdiction in the U.S. and China’s ban on initial coin offerings eliminates any potential confusion. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space No Jurisdiction for … Read more

Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin

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On Tuesday, reports regarding the notorious Facebook investor and venture capitalist Peter Thiel and his Founders Fund was revealed. According to sources familiar with the matter, Thiel’s fund has made an investment in the startup Tagomi, a firm that plans to execute cryptocurrency buy and sell orders as a brokerage service dealing with institutional investors … Read more