Bad Trip: Pot Company High Times Backtracks on Accepting Bitcoin in IPO

High Times Holding Corp, a New York-based media group advocating for cannabis usage, has decided against accepting bitcoin in its initial public offering (IPO), according to a filing with the Securities and Exchange Commission (SEC) dated Aug. 13. The SEC filing states that the initial announcement made two weeks ago, in which the company had

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Cryptocurrency Markets Maintain Momentum Despite Slight Retracement

The cryptocurrency markets continued their positive momentum on Wednesday evening as most of the coins held on to the double-digit gains achieved over the past 24 hours. Most importantly, altcoins acted independently of the bitcoin price, with several performing significantly better than the largest cryptocurrency by market cap. As of press time on Wednesday, BTC

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Another Top-5 Cryptocurrency Exchange Plots Move to Malta’s ‘Blockchain Island’

Another day passes by and although August is a traditionally slow month in the business and finance circles, Malta does not seem to be resting on its laurels at all. After several announcements regarding cryptocurrency exchanges and crypto banks, we now have the announcement coming that ZB.com, the world’s fith-largest cryptocurrency exchange by daily trading

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If Bitcoin is Rat Poison, the Banks Are the Rats: Pantera Capital CEO

Pantera Capital officials continue to maintain an upbeat outlook for cryptocurrency amidst the current market downturn. In an ICO and digital asset funds conference call Tuesday, CEO and chief investment officer Dan Morehead said blockchains are the next step in the evolution of equity, while cryptocurrency is a superior form of currency. He called bitcoin

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Blockchain ETF Provider Will Launch a $100 Million Crypto Hedge Fund: Report

Reality Shares, an asset management firm based in California, will be launching a $100 million multi-strategy crypto hedge fund, a source told Business Insider. According to the company insider, the crypto fund will be “a mix of arbitrage, venture, and directional strategies.” Reality Shares has already obtained $25 million for the fund, the source said. The

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Bitcoin Investor Sues AT&T for $224 Million after Mobile-Linked Theft

A bitcoin investor has sued telecommunications giant AT&T for $224 million after losing millions of dollars worth of cryptocurrency in a theft that he says is the cellular service provider’s fault. According to CNBC, California resident Michael Terpin has filed a 69-page complaint against AT&T in U.S. District Court in Los Angeles, in which he

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Social Cryptocurrency Kin Selects 40 Apps for $3 Million Developer Incubator

The Kin Ecosystem Foundation, creator of the cryptocurrency backed by social media company Kik Interactive, has selected consumer 40 apps to participate in the inaugural edition of its development incubator. Announced on Wednesday, the program, which will fund 40 out of the more than 200 projects who submitted applications, will primarily feature new apps, though

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Newsflash: Ethereum Price Claws Its Way Back to $300 as Market Adds Billions

The ethereum price clawed its way back to $300 on Wednesday as the wider cryptocurrency market experienced a double-digit recovery. Ethereum suffered a colossal sell-off during the early part of the week, dipping as low as $249 on Monday and leading many to wonder whether the second-largest cryptocurrency’s status as a launchpad for initial coin

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Bitcoin Price Intraday Analysis: BTCUSD Recovers on Weak Upside Promise

The Bitcoin market on Wednesday attempted a decent bullish recovery, extending the recent marginal gains to an impressive 10% upside from the previous lows. The Asian trading session witnessed an influx of buying orders in an attempt to pierce through $6,500-resistance. As we hiccuped through the European course, the bullish sentiment weakened and pulled the

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South Korea Crypto Industry More Optimistic Than Ever Despite Bear Market

Throughout the past two months, investors in the local crypto market of South Korea have continuously expressed their optimism towards a drastic change in the regulatory landscape of crypto. Since early February, the crypto market has endured the third-worst correction in its history, experiencing a 78 percent decline in price. Despite the bear market, the

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