Day: February 20, 2019

Bitcoin Cash Support Added on Coinbase Wallet App

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Photo: The Coinbase Blog Coinbase has confirmed that they added a new feature for Bitcoin Cash on their platform. Now users will be able to directly transfer the coins to their Wallet App straight on the platform. Bitcoin Cash has gone through a lot of controversy in the past, it was even named as the culprit of the crypto winter. However, it seems like Coinbase is still recognizing its relevancy by announcing this direct support. This addition happened right after the exchange showed similar support for Bitcoin. Reaffirming Support The…

Crypto Advocacy Group Encourages Financial Regulators to Foster Innovation

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United States blockchain advocacy group the Chamber of Digital Commerce has encouraged two major financial regulators to foster blockchain innovation, according to an official tweet on Feb. 19. The group has reportedly provided comments to the Commodity Futures Trading Commission (CFTC) and the Consumer Financial Protection Bureau (CFPB) in different proceedings this week. Generally, the Chamber has asked both agencies to permit the introduction of new financial products based on blockchain technologies and to collaborate on efficient approaches that would promote investment and industry growth. In its comments to the…

Dow, Bitcoin Wobble While Trump Gives Ridiculous Stock Market Analysis

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Neither the Dow nor the bitcoin price made a strong move ahead of Wednesday’s opening bell, though US President Donald Trump’s bombastic stock market commentary provided more than enough entertainment for investors on Wall Street and Main Street alike. Dow Quiet as Stock Market Enters Mid-week Session Shortly before the market open, Dow Jones Industrial Average Futures had declined by 24 points or 0.09 percent, implying a fair value loss of 25.32 points. S&P 500 futures declined 0.04 percent, while Nasdaq futures rose 0.11 percent in pre-bell trading. Futures tracking…

Investing in Ethereum Could Be More Profitable than Bitcoin

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Investing in Ethereum at its bottom could yield more returns than investing in Bitcoin, said Don Alt. The famous cryptocurrency analyst, who has 82.7k following on Twitter, claimed that his investment paid off when he bought Ether at $121. While he didn’t specify the nature of his trade, he said his investment could return ten times more profit than bitcoin while still costing 1/3rd of the leading digital currency. “I’ve heard Etherum will one day be the global computer that [executes] smart [contracts], tweeted Don Alt. “So I rebought me a…

Ex-Goldman Sachs Engineers Raise $3 Million to Combat Crypto Market Manipulation

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Solidus Labs has raised $3 million to combat crypto market manipulation, according to a press release shared with Cointelegraph on Feb. 20. Solidus Labs is a trade surveillance firm whose team includes former Goldman Sachs fintech engineers. The company reports to helps both traditional and crypto-focused service providers foster compliance while trading digital assets. Through the recent funding round, led by Israeli venture capital firm Hanaco Ventures, the team plans to further develop its crypto-oriented market surveillance tools designed for financial institutions and exchanges interacting with crypto assets. By implementing…

In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange

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In this edition of The Daily we cover some largely supportive remarks the famous entrepreneur Elon Musk has made about Bitcoin, the latest academic institution to launch a blockchain R&D center, and a new offering from Malta-based exchange Xdat. Also Read: Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship Elon Musk Talks Bitcoin The founder of Tesla and Spacex, Elon Musk, is once again making headlines about crypto. He recently went on the Ark Invest podcast to discuss the future of autonomous driving technologies. Most…

Stablecoins to Play Key Role in Crypto Adoption, Says New Report

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Stablecoins will play a key role in mainstream adoption of crypto technologies, according to a report published by California-based stablecoin startup Reserve on Wednesday, Feb. 20. The report, entitled “The State of Stablecoins 2019: Hype vs. Reality in the Race for Stable, Global, Digital Money” is based on information collected from 40 crypto and stablecoin firms. The report’s lead author is George Samman, a blockchain and cryptocurrency advisor. According to the document, Samman “was commissioned to research the stablecoin landscape and then independently report his findings for the broader industry…

Coinbase Adds Bitcoin Cash Support to Wallet App

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United States-based cryptocurrency exchange and wallet service provider Coinbase has added support for Bitcoin Cash (BCH) to its Coinbase Wallet, according to an announcement published on Feb. 19. The update states that users can now store Bitcoin Cash on Coinbase Wallet, adding: “The new Wallet update with Bitcoin Cash support will roll out to all users on iOS and Android over the next few weeks.” As Cointelegraph wrote in August 2018, Coinbase Wallet was introduced as a rebranding of the firm’s open source decentralized app (DApp) browser and wallet, formerly…

Ongoing Economic Crises in Venezuela and Beyond Show That the Idea of Bitcoin as a Store of Value Is Increasingly Catching On

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Just when it seemed like the economic and political situation in Venezuela couldn’t get much worse, it has. Back in December, the Venezuelan bolívar witnessed its peak annual inflation rate for 2018, with this rate coming in at a dizzying 80,000 percent, according to the calculations of Steve Hanke of John Hopkins University. However, with the United States’ imposition of sanctions against Venezuela’s state-owned oil company on Jan. 28, and with Juan Guaido self-declaration as interim president of the South American nation on Jan. 23, this already dire situation has only deteriorated…

Major Crypto Wallet Provider Blockchain.com Opens Office in Lithuania

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Major crypto wallet provider Blockchain.com has opened its fifth office location, continuing its expansion into Europe, the company announced in a blog post on Feb. 19. According to Blockchain.com, the company considered several locations in Europe, choosing Vilnius, Lithuania. The firm said it found that the country was truly committed to innovation and the perfect place for a new office. The crypto firm also reports it is looking to hire employees in Lithuania, with new vacancies to be announced over the coming weeks. Lithuanian Minister of economy and innovation, Virginijus…