Coinbase Pro Lists Stellar Lumens (XLM)

Coinbase Pro will have active trading of Stellar Lumens (XLM) by morning. The exchange announced in a blog post earlier today that it is currently accepting deposits. They are conducting the listing in a similar manner to how they did Ripple, in stages. The “deposit only” stage will last until at least 1AM PT. Again, Coinbase Pro users can currently make deposits of XLM. Trading will commence everywhere but New York tomorrow. Coinbase Pro to List Stellar (XLM) Against Dollar, Bitcoin, and Euro Three pairs will be listed: Bitcoin, Dollars,…

Canadian Police Asks for Public Assistance to Identify Bitcoin Fraudsters

Canadian police are seeking information on individuals alleged to be involved in defrauding Bitcoin (BTC) ATMs (BTMs), according to an announcement published by the Toronto Police Service on March 13. The Calgary Police Service (CPS) Cybercrime Team has asked the public to assist in the identification of four individuals allegedly involved in multiple fraudulent transactions made within the country and targeting one Canadian Bitcoin firm. The CPS initially received the information in October 2018. The press release states that in September of last year, the suspects allegedly made 112 fraudulent…

Crypto Cynic Marc Faber Buys Bitcoin (BTC), But Why?

“Gloom, Boom, Doom” Author Downs The Bitcoin Red Pill While the downturn in the cryptocurrency market has deterred retail investors across the board, it may have set the stage for institutional players, high net-worth individuals, and influential players in the world of finance to make an entree. In a recent interview with Cash, Marc Faber, who much like Nouriel Roubini is also known as Dr. Doom, revealed that he bought his first Bitcoin (BTC). For those who missed the memo, Faber, best known for his “Gloom, Boom, Doom” finance newsletter…

QuadrigaCX Widow Says CEO Funded Withdrawals Out of Pocket

Gerald Cotten reportedly used his own money to fund customer withdrawals. At the time, the Canadian Imperial Bank of Commerce had frozen their bank accounts, questioning their provenance. His widow, Jennifer Robertson, told Coindesk that while she didn’t have a lot of knowledge as regards his operating the exchange, he had told her that much. Cotten Used Personal Wealth to Fund Customer Withdrawals During Legal Fight “[H]e told me that he had been putting his own money back into QCX to fund user withdrawals in 2018 while the CIBC money…

Coinbase Custody Conducts First OTC Trade From Cold Storage

Coinbase Custody, the custodial tool of United States-based crypto exchange Coinbase, has completed its first over-the-counter (OTC) trade from cold storage, according to a blog post published on March 13. The post reveals that Coinbase Custody is now directly integrated with Coinbase’s OTC desk, which enables customers to use the OTC desk to price and confirm trades prior to moving funds. The product purportedly provides easy and immediate liquidity on users’ offline funds, meaning that it now takes less time for Custody users to get access to their funds and…

Saudi Arabia Announces Blockchain Integration in Oil Industry

Saudi Arabia Announces Blockchain Integration in Oil Industry March 13, 2019 by Akshay Makadiya Saudi Arabia — the world’s third largest oil-producing nation — is piloting blockchain technology to verify the origin and quality of petroleum products. If the pilot is successful, it could be the next step towards a massive technological overhaul in the oil industry. Also read: Bitcoin Price Continues Trending Sideways as Crash Approaches Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Addressing Challenges With Blockchain In an attempt to address issues with traceability…

QuadrigaCX CEO Used Personal Money to Fund Exchange During Litigation With Bank in 2018

The late founder of Canadian crypto exchange QuadrigaCX, Gerry Cotten, was purportedly funding the exchange with his own money while it was in litigation with a major Canadian bank. Cotten’s widow Jennifer Robertson revealed details about the exchange’s financial situation in a statement published on March 13. The statement reads that Cotten was putting his own money into Quadriga to fund user withdrawals in 2018, after the Canadian Imperial Bank of Commerce (CIBC) had frozen five accounts holding $21.6 million. Robertson stated: “While I had no direct knowledge of how…

Stellar Lumens Is About to Begin Trading on Coinbase Pro

The Stellar lumen has just become the latest cryptocurrency to be listed on Coinbase’s professional exchange. Coinbase Pro announced Wednesday that it was accepting deposits of XLM, with trading support coming once sufficient liquidity is established. The process will take a minimum of 12 hours, according to a blog post. The cryptocurrency is not yet available on Coinbase’s retail platforms, including coinbase.com or its Android and iOS apps. Stellar was started by Ripple co-founder Jed McCaleb, with lumens aimed at being part of a low-cost payment network. According to Coinbase’s…

Jack Dorsey, Bitcoin Evangelist, Speaks About Square in Recent Podcast

Twitter founder Jack Dorsey has earned himself the title of ‘Bitcoin Evangelist’—such is his advocation for digital assets. His support of Bitcoin has been consistent and unwavering. Dorsey, as a successful businessman, is hard to ignore. His support for the leading cryptocurrency spurs on Bitcoin bulls and those who love a strong voice supporting their views. Jack Dorsey’s Square The entrepreneur recently participated in a podcast called “Tales from the Crypt” where he spoke about buying Bitcoin. Interestingly, he told how he “maximizes the $10,000 Bitcoin purchase limit on Square Cash…

Vonage Subsidiary Receives Patent to Secure Voice Communications With Blockchain

A telecoms firm owned by American cloud communications company Vonage has been awarded a patent for using blockchain technology to secure communications and recordings. The patent was published by the United States Patent and Trademark Office on March 12. NewVoiceMedia, Ltd. — a cloud service company based in Basingstoke, England — has been granted a patent for “system and methods for tamper proof interaction recording and timestamping.” Specifically, the development represents a system for securely recording voice communications, such as phone calls, using a distributed blockchain network. The system is purportedly…