Crypto News

Coinbase Increases the Number of Assets on Platform, Zcash Now Available for Trading

One of the planet’s most well-known digital assets businesses has added the privacy-focused cryptocurrency Zcash to the list of assets it supports. The move is in line with efforts from the San Francisco startup to hasten the addition of different digital assets and further broaden the appeal of its successful brokerage platform. Coinbase Continues to […]

Crypto News

Robinhood Brings Zero-Fee Crypto Trading to Illinois

Residents of the 6th most populous U.S. state, Illinois, can now access the cryptocurrency trading services of Robinhood. In a tweeted statement, the trading app disclosed that Robinhood Crypto was now available in the prairie state, making it the 29th state in the U.S. to get the commission-free round-the-clock trading service. Trade winds are blowing […]

Crypto News

Indian State to Boost Local Blockchain Ecosystem With Mentorships, Events

The Indian state government of Andhra Pradesh wants to build a community of blockchain startups in the region. The Andhra Pradesh Innovation Society (APIS) announced it was partnering with the Eleven01 Foundation to develop a blockchain talent pool and support startups building with the nascent technology, the two announced Wednesday. Eleven01 is a local provider […]

Crypto News

Bitfinex, Ethfinex Add Four More USD-Backed Stablecoins

Cryptocurrency exchange Bitfinex and its spin-off Ethfinex have added support for four new major USD-backed stablecoins, according to an blog post published Dec. 4. Per the announcement, both exchanges have introduced stablecoins USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) in a bid to keep the platforms “agnostic.” The four new stablecoins […]

Crypto News

‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins

Bitcoin buy support is a superior metric to coin market capitalization for measuring the future of Bitcoin and altcoins, according to a new monitoring resource. ‘Market Cap Is A Lie’ CoinMarketBook, deliberately named to shadow the current ‘go-to’ directory for cryptocurrency statistics Coinmarketcap, launched in October – but its mission is markedly different. “Market cap […]

Crypto News

Singapore Residents Targeted in Crypto Scams, $78,000 Lost Between September and November

Members of the Singapore public have been targeted by the online advertisements of scammers posing as crypto brokerage services. The victims have been duped out of around $78,000 between September and November of 2018. Familiar Scam Plagues Singapore Residents According to a report in domestic news source The Straits Times, Singapore authorities have been made […]

Crypto News

Crypto Is Important for Global Economy, Needs to Be Regulated and Taxed

Members of the Group of 20 (G-20), an international forum for the governments and central banks of countries with developed and developing economies, addressed cryptocurrencies in their recent declaration on sustainable development of the global economy. Declaration summary: Crypto is important, but it needs to be put under scrutiny and tax regulations On Dec. 1, […]

Crypto News

HTC Demos Crypto Smartphone Exodus at Slush 2018

Ten years ago, consumer electronics manufacturer HTC made history when it released the HTC Dream, the first commercial device to utilize the Android operating system. A few months later, another monumental event took place, when Bitcoin creator Satoshi Nakamoto mined the BTC Genesis Block, birthing what Phil Chen — HTC’s “chief decentralized officer” — coined […]

Crypto News

Crypto Exchange Loses Ongoing Legal Battle in Supreme Court Ruling

The Chilean Supreme Court has ruled against crypto exchange Orionx, allowing a state-owned bank to close its account, local news outlet Emol reported Dec. 4. The third chamber of the high court has revoked the decision taken in July that had guaranteed protection to Orionx and forced local state-owned bank Banco del Estado to reopen […]

Crypto News

ConsenSys CEO Reportedly Planning Restructure Following Bear Market

The continued bear market is taking its toll on cryptocurrency investors, miners, and businesses alike, and has prompted ConsenSys to consider restructuring its business plans so it can adapt to the new market environment and continue to thrive. ConsenSys CEO Joseph Lubin Alerts Staff to Major Restructure In response to the ongoing “crypto winter” that […]

Crypto News

Seven EU States Sign Declaration to Promote Blockchain Use

Seven southern European Union member states have released a declaration calling for help in the promotion of Distributed Ledger Technology’s (DLT) use in the region, the Financial Times (FT) reports Dec. 4. The declaration was reportedly initiated by Malta and signed by six other member states, France, Italy, Cyprus, Portugal, Spain and Greece, during a […]

Crypto News

Bitcoin Looking to Retest This Year’s Low at $3,455

The bitcoin price on Wednesday plunged as much as 4.3 percent as the market continued to erase gains made during the weekend trading session. The BTC/USD index on Coinbase today established an intraday low at 3663-fiat after the 50-period moving average on the hourly chart capped the upside attempt. The pair nevertheless is trending inside […]

Crypto News

Tether Dominance Of Stablecoin Market Falls To 74%

As 2018 began, with only two competitors, Tether commanded 94 percent of the stablecoin market. With the year seeing the emergence of 8 new players in the space, that dominance has fallen to 74 percent. Flood Waters It seems that the cryptocurrency du jour is the US Dollar, or at least the stablecoins pegged to it. […]

Crypto News

R3 Adds Ripple as First Crypto for Its Universal Payments DApp

Enterprise blockchain software firm R3 has announced that ‘rival’ Ripple’s XRP token will be the first crypto supported on its new universal payment settlement platform, Finextra reports today, Dec. 5. Dubbed “Corda Settler,” the new open source Corda-based decentralized application (CorDapp) reportedly allows payment obligations raised on the Corda blockchain to be settled via any […]

Crypto News

Coinbase Adds Zcash to Retail Crypto Trading Service

Less than a week after adding privacy-focused zcash to its professional trading platform, crypto exchange Coinbase is opening trading to its retail customers. The company announced Wednesday that clients using coinbase.com or the Android and iOS apps can buy, sell, send, receive or store zcash, though residents in the United Kingdom and the U.S. state […]

Crypto News

R3 Corda’s New Settlement Layer Now Supports XRP

R3, the distributed ledger development company which introduced its first enterprise/open source product, Corda, in 2016, has released a new element of that software suite. A “universal settler” called Corda Settler, a “Cordapp” or Corda application, that aims to allow all the things that modern businesses may require of a blockchain product. It could eventually […]

Crypto News

Bitcoin Drops Nearly 5%, Approaches 2018 Lows Amidst Market Sell-Off

After being unable to stabilize above the important psychological price level of $4,000, Bitcoin has continued to sell-off and is now approaching its 2018 lows. Bitcoin’s latest leg down has led to a widespread market drop that has seen many altcoins drop 3% or more over a 24-hour trading period. At the time of writing, […]

Crypto News

Buy and Sell ZEC on Coinbase – The Coinbase Blog

Starting today, Coinbase supports Zcash (ZEC) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, send, receive, or store ZEC. ZEC will be available for customers in most jurisdictions, but will not initially be available for residents of the United Kingdom or the state of New York. Additional […]

Crypto News

Lubin Won’t Rule Out Layoffs Amid ‘Refocusing’ at ConsenSys

A strategic shift is in the works at ConsenSys, the sprawling venture studio dedicated to building ethereum-based businesses and products. “I would call it a refocusing of priorities,” ConsenSys founder Joseph Lubin told CoinDesk in an interview Tuesday. “On more rigor, more structure, more sustainability, more accountability.” In an emailed letter sent to the venture […]

Crypto News

World’s Largest Financial Institutions are Still Placing Big Bets on Crypto

Sequoia, Baidu, Nasdaq, and Fidelity are amongst some of the largest VCs, technology conglomerates, and financial institutions to make big bets on crypto in the past week. Despite the bear market which has led major cryptocurrencies to lose about 80 to 90 percent in value on average, both digital asset-related businesses and blockchain protocols are […]