Quick Take:

Bitfinex-backed startup RenrenBit yielded $1.4 million in revenue for Q4 2019. South Korean regulators review a taxation plan with a virtual currency tax rate of 20%. Australia-based Raiz Invest was granted approval for a retail bitcoin fund. Mining operator Argo Blockchain grossed revenue of $11 million in 2019 and plans to ramp up production. Open Interest for CME Bitcoin Futures spiked to over $235 million worth of positions.


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