Day: September 5, 2018

Coinbase Pro announces support for trading bitcoin, ethereum and other cryptocurrencies using…

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Following our announcement earlier this month that we would be introducing support for British pounds (GBP) to our UK-based customers, today we’re launching a number of new GBP trading pairs starting at 9am BST, Friday 7 September 2018. With support for UK domestic bank transfers in GBP via the Faster Payments Scheme, it is now significantly easier, faster and cheaper for UK customers to trade cryptocurrencies on the Coinbase platform. Coinbase Pro is the only major digital currency trading platform that supports UK Faster Payments and it’s our goal to…

ShapeShift Will Now Require “Basic Personal Details” for New Membership …

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In a what appears to be a seismic shift in company ethos, digital assets platform ShapeShift has launched a new loyalty program called “ShapeShift Membership” which will require the exchange users to provide “basic personal details,” according to a blog post published September 4, 2018. In his post, ShapeShift Founder and CEO Erik Voorhees said that the membership is part of a “loyalty program” that will see the platform collect personal information from its users while rewarding them with a range of benefits, including higher trading limits, cheaper fees, early…

Abra CEO Believes Bitcoin ETF Eminent, SEC Just Needs the Right Suitor

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Bill Barhydt, founder of bitcoin wallet app Abra, said the U.S. Securities and Exchange Commission (SEC) would approve a bitcoin exchange-traded fund (ETF) within a year once the financial regulator feels comfortable with the caliber of the applicants. A bitcoin ETF would allow investors to purchase bitcoin through funds listed on a regulated, legacy stock exchange. Like the bitcoin futures contracts that came before it, a bitcoin ETF is seen by many as the bridge that will encourage institutional investors to cross over to the emerging crypto market. Speaking on…

Goldman Sachs Puts Plans for a Crypto Trading Desk on Backburner

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Goldman Sachs is struggling to find a way to trade bitcoin. The financial services giant has scratched its plans to open a desk for trading cryptocurrencies, at least for the near term, according to a Business Insider report on September 5, 2018. Cryptocurrency markets seemed to respond negatively to the news. Bitcoin dropped roughly 5 percent, falling below $7,000. The rest of the top five cryptocurrencies by market cap toppled by more than 12 percent. Rumors of Goldman setting up a crypto trading desk to make markets in digital currencies,…

Bitcoin ATM Maker Develops Payment Solution for Cannabis Dispensaries

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The legal US cannabis industry growing strong where local authorities have stepped out of its way. However, in combination with banks and credit card companies refusing to provide services to many businesses, restrictions have created a perfect opportunity for alternative systems to prove themselves. Themed altcoins, specialized ICO projects, and other types of crypto ventures, have tried to fill this niche. The latest one is a Bitcoin ATM maker with a payment solution for dispensaries. Also Read: The Daily: Bitcoin Art Merges Canvas and Augmented Reality, Bitmain IPO Update Virtual…

Iran Crypto | The Iranian Government Finally Recognizes Cryptocurrency

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Iran’s Supreme Cyberspace Council Secretary, Abolhassan Firoozabadi, just revealed that various entities within the country’s government have accepted cryptocurrency mining as an industry. The local news agency IBENA reported the Iran crypto news just this morning. According to this report, Firoozabadi stressed that the mining of crypto has been approved, but a legal framework for the industry has yet to be properly introduced in the country. Iran Approves Crypto “The issue that is of great importance is the commitment and acceptance of the cryptographic currency extraction as an industry by all…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 5

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Cryptocurrency prices are plunging across the board. As of press time, all of the top 10 coins are in the red. Barring Stellar and Bitcoin, each one is down by more than 7 percent. When an asset class enters a protracted bear phase,…

Digital Wealth Management Firm Apex Clearing to Launch Crypto Investment Subsidiary

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Financial clearing and execution company Apex Clearing confirmed it planned to open a dedicated cryptocurrency entity in a press release Wednesday, September 5. Apex, which has operated since 2012, will create Apex Crypto to give existing clients access to various cryptocurrencies, initially including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) among others. Investing platforms such as broker dealers using Apex will thus be able to provide cryptocurrency investment opportunities to their own users, the press release notes. The move, CEO Bill Capuzzi says, reflected the “continued surge”…

Polychain Leads Blockmesh Developer Spacemesh’s $15 Million Fundraise

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Blockchain development startup Spacemesh has just raised $15 million in a Series A funding round led by Polychain Capital, the firm announced Wednesday. The project is taking a novel angle on blockchain tech, working to develop a “blockmesh operating system” using the proof-of-space-time (PoST) consensus protocol. As previously reported, the goal is to be able to run PoST on any computer, while making it resistant to powerful mining chips called application-specific integrated circuits (ASICs). Polychain joined MetaStable, Paradigm, Coinbase Ventures, Bain Capital, 1kx, Arrington XRP Capital, Danhua Capital, Electric Capital,…

Blockchain Startup Founded By Deloitte Vets Unveils Supply Chain Platform

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A blockchain startup headed by a group of former Deloitte employees is launching a new supply chain platform. Citizens Reserve announced the SUKU ecosystem on Wednesday, positioning it as “an industry agnostic supply chain solution” that seeks to improve how shipments are coordinated and tracked around the world. As far as technology goes, SUKU will leverage both the ethereum and quorum blockchains. Separate from the company’s previously reported Zerv network, SUKU aims to provide trading partners with real-time data on the location of goods, along with functionality that lets them…