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A gala held by Tipping Point, a non-profit organization that seeks to invest in efforts aimed at breaking the poverty cycle in the San Francisco Bay Area, has raised more than $14 million USD. The gala comprises the time that Tipping Point has accepted cryptocurrency donations, with the event being attended by the respective chief executive officers of Coinbase, Ripple Labs, and Pantera Capital Management. Also Read:  A Brief History of Hidden Messages in the Bitcoin Blockchain CEOs of Cryptocurrency Companies Attend Tipping Point Gala Tipping Point has raised over…

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Bitcoin proponent and former Goldman Sachs trader Mike Novogratz has inked a partnership deal with Bloomberg to launch a cryptocurrency index platform. Novogratz’s Galaxy Digital Capital Management LP and Bloomberg will establish the Bloomberg Galaxy Crypto Index (BGCI). The index service will provide trusted asset tracking for 10 of the most liquid cryptocurrencies in the market. The Bloomberg Galaxy Crypto Index The BGCI is part of the Bloomberg Index Services Limited catalog and is administered by the company. The platform offers institutional-grade benchmarking standards for cryptocurrencies. Speaking on the launch,…

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Sydney, Australia – LEEKICO, a one-stop-service ICO platform, successfully supported Skrumble Network (SKM), a project aiming to solve the data ownership crisis with a secure blockchain and application, in completing its highly anticipated token sale on May 5th, 2018. With LEEKICO’s support, Skrumble Network (SKM)…

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The mining operation of Japan’s internet giant GMO has resulted in over 900 bitcoins and 537 bitcoin cash so far, as the company roughly doubled its hashrate last month. Meanwhile, its crypto exchange reported a first-quarter loss after the country’s financial regulator ordered it to improve. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Over 900 BTC Mined So Far Japanese conglomerate GMO Internet released its cryptocurrency mining business report for April this week. “We are currently mining bitcoin (BTC) and bitcoin cash (BCH),” GMO wrote. The company mined 373…

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It has been estimated that approximately 6.25% of the total bitcoin supply has been deposited with Xapo – a Hong-Kong Based company providing bitcoin wallet, cold storage, and bitcoin-based debit card services. Xapo claims that BTC deposited with company are held in underground vaults located across five continents. Also Read: Ethereum Founder Responds to Charges of “Insane”, “Plutocratic” Governance Approximately 1,000,000 BTC Estimated to be Held by Xapo According to Bloomberg, two customers of Xapo have estimated that the company “houses roughly $10 billion” USD worth of bitcoin. According to data…

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The Bitcoin-versus-gold debate is certainly nothing new, but there’s one aspect in which the gold standard of cryptocurrency beats out the gold standard of historical currency hands down. Bitcoin Beats Gold In the battle between Bitcoin and gold, the former certainly comes out the winner in a variety of categories. As noted by Forbes, gold doesn’t function well as currency, is insecure, experiences price volatility not too far removed from digital assets, and cannot easily be digitized. Meanwhile, Bitcoin is steadily moving towards mainstream adoption as a viable currency, is…

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Well-known hedge fund manager Michael Novogratz has launched a cryptocurrency benchmark index in partnership with Bloomberg. The index, designed to track the performance of the largest, most liquid coins, consists of 10 cryptocurrencies at its inception. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Crypto Index Michael Novogratz. Galaxy Digital Capital Management and Bloomberg announced on Wednesday the launch of a cryptocurrency benchmark index called Bloomberg Galaxy Crypto Index (BGCI). Galaxy Digital Capital Management LP is an asset management firm dedicated to the digital currency and blockchain sectors founded…

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French street artist, Pascal Boyart is taking bitcoin to the art world. The mural painter known by the moniker ‘PBOY’ is incorporating bitcoin QR codes in his artworks. This allows him to receive donations from the public in crypto. Bitcoin Meets Art The term “struggling artist” is an age-long trope. Not every artist is fortunate enough to have a wealthy patron financing their talents. Even with crowdfunded platforms like Ulule and Patreon, it is still difficult for many artists to eke out a living. For Boyart, the solution to the…

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Good news for American bitcoin companies, someone who wants much lighter Bitlicense regulations is in the running to be the next New York attorney general. And in China, a bitcoin mining hardware producer is planning a $1 billion IPO. These stories and much more in today’s edition of Bitcoin in Brief. Also Read: Stripper Explains Bitcoin to Adult Industry, Facebook Explores Blockchain Bitcoin Supporter for NY AG A bitcoin supporter wants to replace New York Attorney General Eric Schneiderman, who recently resigned after four women complained about non-consensual physical violence by…

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Vitalik Buterin, Ethereum’s cofounder, is increasingly finding himself target of very public rumors about his role in the project’s supposed love of secrecy. Charges of lacking transparency are equivalent to mortal sins in the cryptocurrency space. Ethereum too is particularly sensitive about accusations along these lines, especially in the ongoing light of a possible US Securities and Exchange Commission (SEC) crackdown. Mr. Buterin and his supporters are fighting back. Also read: Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms Ethereum’s Vitalik Buterin Responds to Critics And there it…

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