ABRA predicts $50,000, Binance launches a decentralized bank in Malta, Tether hires Leonardo Real, Steve Cohen has invested Autonomous Partners, OKCoin launches a fiat-crypto exchange in the US, Chinese police seized $1.5 million in crypto, IRS joins J5 & other news
- Bill Barhydt, the CEO of Abra, is yet another expert to make a Bitcoin price prediction, this time at $50,000, however, without specifying the time frame.
- Binance is reportedly among a number of investors backing a decentralized bank to be launched in Malta. Binance has acquired a 5% stake in the so-called Founders Bank at a €133 million ($155 million) pre-investment valuation.
- Tether hired Leonardo Real, a former anti-money laundering control manager at the Bank of Montreal, as a Chief Compliance Officer (CCO) to lead the company’s regulatory compliance efforts.
- Steve Cohen, the head of Cohen Private Ventures, has invested Autonomous Partners, a new hedge fund that is acquiring both cryptocurrencies and equity in blockchain-related companies.
- Cryptocurrency exchange OKCoin has launched a branch in the U.S. market offering trading services between U.S. dollars and several major cryptocurrencies, such as Bitcoin, Litecoin, and Ethereum.
- Chinese police seized more than $1.5 million worth of cryptocurrencies as part of a crackdown on gambling during the 2018 FIFA World Cup.
- IRS joins J5, what is ‘The Joint Chiefs of Global Tax Enforcement’ and how it could affect the crypto legislation around the world.
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- Finrazor earlier collected opinions of American politicians concerning cryptocurrency, but there is still no official word from Donald Trump, the President of the United States. One of the reasons is, that maybe he is investing in cryptocurrency himself and that’s why he can’t put a ban since it would so much bounce back towards his interests.
- David Drake, Founder and Chairman of LDJ Capital, shares his personal insights explaining what encourages institutional investors to enter today’s crypto markets naming three main reasons: moving from regulatory avoidance to collaborative cooperation, growing acceptance and confidence, increasing market influence.