Day: September 7, 2018

Coinbase Looks for Possible Cryptocurrency ETF with the help of BlackRock

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Citing unnamed sources, Business Insider’s Frank Chaparro reported today that Coinbase had contacted BlackRock for advice on how to go about creating a crypto ETF for retail investors. In July, we have reported on the existence of a crypto/blockchain working group within BlackRock, the New York-based investment giant who manages the popular iShares line of ETFs. A crypto ETF would be a retail-friendly version of the Coinbase Index Fund, which the company launched in March and is made up of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic. But its requirement that only accredited U.S. investors…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Losses Above $500

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Key Points Bitcoin cash price started consolidating losses after trading as low as $485 against the US Dollar. There is a short-term ascending channel forming with resistance at $530 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair needs to surpass the $530 and $535 level to correct towards the $550 and $555 resistances. Bitcoin cash price is holding the $500 support against the US Dollar. BCH/USD may trade above the $535 resistance to test the $555 resistance in the near term. Bitcoin Cash Price…

ConsenSys Partners With Online Education Platform to Launch Blockchain Course

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Blockchain startup ConsenSys has partnered with online education platform Coursera to offer a blockchain technology course, according to an announcement published September 5. The two companies are launching a course entitled “Blockchain: Foundations And Use Cases.” The course is designed to provide students an introduction to the technology and develop the skills needed to understand how blockchain is changing certain industries, as well as the ways blockchain can solve specific problems. According to Coursera, the course is designed for students of varying skill levels, including individuals who lack a technical…

New York Man Pleads Guilty to $1.8 Million Ether Robbery

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A New York man has pleaded guilty to kidnapping and robbery charges in connection with the theft of $1.8 million worth of ether. Manhattan District Attorney Cyrus Vance said in a statement published on Wednesday that Louis Meza, who was accused of kidnapping an unnamed individual in New York last year and stealing their ether holdings, admitted to grand larceny in the first degree and kidnapping in the second degree. Meza was arrested in December after allegedly forcing the victim to hand over a cell phone, wallet and keys at gunpoint…

Winklevoss Brothers Win Patent for Crypto Key Storage System

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Crypto exchange Gemini founders Cameron and Tyler Winklevoss have won a patent for a cold storage method involving air-gapped computers, geographically remote vaults, plastic cards and, possibly, papyrus. Filed under the brothers’ firm Winklevoss IP, LLC, the document – published Tuesday by the U.S. Patent and Trademark Office – outlines a plan to develop a network of computers capable of generating accounts for storing cryptocurrencies or cryptocurrency-related exchange-traded products (ETPs). As part of a security measure, the computers would be isolated except when necessary to transfer assets, essentially acting as a cold…

ADA Likely To Print New 2018 Lows

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A 12 percent dip in the last week is enough to spin all sorts of outrageous predictions. Some analysts preaching doomsday for ADA like ETH which Jeremy Lubin of Stellar Lumens said might drop to zero. Well, they might have their reasons but Cardano’s development is exciting. In the next 18 months, project Shelly will be on and thereafter, platform admirers will begin seeing the complexity, if not the superiority of Cardano unfold. From the News Aside the doom and gloom prediction of altcoins and the “real reality” that ADA…

Belarus Seeks South Korean Investors Interested in Blockchain and Fintech

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Belarusian diplomats are seeking South Korean investors for the country’s growing blockchain and fintech industry, Korea JoongAng Daily reported September 6. During a visit to Seoul on Tuesday, the deputy foreign minister of Belarus Andrei Dapkiunas reportedly stated that Belarus endeavors to establish relations with Korean investors interested in “fourth industrial revolution” technologies, including blockchain and artificial intelligence (AI). In an interview with Korea JoongAng Daily, Dapkiunas noted that Belarus has developed “groundbreaking state legislation” in the IT sector, and said that the country is “making innovative strides on blockchain,…

Crypto Exchange Huobi Acquires Publicly Listed Firm on HK Stock Exchange

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Cryptocurrency exchange Huobi has acquired controlling stock interest in Hong Kong-based Pantronics Holdings Ltd., according to an official announcement from the Hong Kong Stock Exchange (HKEx) dated August 29. As Cointelegraph reported August 28, HKEx-listed Pantronics, an electronic products manufacturing firm, had halted trading of its shares on the Main Board of exchange on August 22, citing a “possible offer to be made under Rule 26 of the Hong Kong Codes on Takeovers and Mergers.” Indications at the time suggested Huobi had acquired 73.73 percent of the firm. HKEx’s official…

Why hackathons are an important part of Coinbase culture

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Great engineers love building creative solutions to important problems. That’s certainly true for us here at Coinbase. While it’s easy to get caught up in the daily tasks and to-dos, we strongly believe in giving ourselves the space to experiment with creative ideas — even if they aren’t directly related to the company’s near-term goals. At Coinbase, hackathons are an opportunity to have fun and forge new friendships, to try new things we’re not sure will work, and to learn new skills or platforms. It’s a chance to explore big ideas and…

Half of American Millennials Interested in Using Crypto

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A recent survey by research service YouGov Omnibus shows that half of American millennials are interested in using cryptocurrency. The survey, which collected answers from 1202 respondents from August 29-30, assesses the interest of respondents in using crypto in everyday life: “Of the people who believe that cryptocurrencies will become widely accepted, over one-third (36%) say they would be interested in converting to primarily using a cryptocurrency rather than the U.S. dollar. However, a majority (57%) say they would not be interested in converting away from the U.S. dollar. Millennials…