Michael Novogratz Doubles Down on $10,000 Bitcoin Prediction

Billionaire and ex-fund manager Mike Novogratz has restated his belief that bitcoin will end the year at $10,000, adding that ethereum could close at $500. Speaking with Bloomberg Daybreak: Americas yesterday, Novogratz said that “I think we’ll hit a new high soon … we’ll end the year at $10,000 in...
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Report Warns SAFT May Increase Legal Risk of Token Sales

Far from insulating token issuers against regulatory actions, the proposed SAFT framework may actually increase the risk certain sales run afoul of securities laws, according to a new report out today. If put into practice, the Simple Agreement for Future Tokens (SAFT) structure could misalign...
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Confido ICO Raises $340K, Vanishes

In a move that’s sure to draw the ire of ICO naysayers, a recent ICO has completely vanished after raising $347,000. The ICO, called Confido, sold tokens called CFD and claimed to offer ‘safe and trustless cryptocurrency payments.’ The site and the project’s subreddit have...
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Two-Week Rally Pushes Monero to New Record High

3-month chart via CoinMarketCap Following a two-month period in the doldrums, the price of the privacy-focused cryptocurrency monero has climbed to a new all-time high of over $155. Having sat in the $80-$100 range since Sep. 18, monero first significantly broke above the $100 mark on...
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Philippine Regulators Eye New Rules for Bitcoin Exchanges and ICOs

Philippine regulators are considering new rules for cryptocurrency exchanges and initial coin offerings (ICOs), according to officials. Speaking at a news conference on Tuesday, Securities and Exchange Commission (SEC) commissioner Emilio Aquino said that his agency could class ICO offerings as “possible securities” that would come...
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Survey: CFOs Think Bitcoin Is

Chief financial officers (CFOs) around the world seem to distrust bitcoin, according to a CNBC survey published Tuesday. CNBC received 43 responses from their Global CFO Council to a survey about their views bitcoin, with 12 of these respondents stating that it was “real but...
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