Coinbase Crypto Exchange Debuts Visa Card for UK Customers

Major American cryptocurrency exchange Coinbase has launched Coinbase Card, that enables its United Kingdom-based customers to pay in-store and online with cryptocurrency. The development was announced in a blog post published on April 10. The Coinbase Card is a Visa debit card powered by customers’ Coinbase account crypto balances, which allows them to make purchases with digital currencies worldwide. Coinbase instantly converts customers’ cryptocurrency funds into fiat currency in order to complete the purchase. Coinbase also released the Coinbase Card app for iOS and Android, which links customers’ Coinbase accounts…

Bittrex Responds to NYDFS Denial of BitLicense Application, Cites Factual Inaccuracies

United States-based cryptocurrency exchange Bittrex has responded to the New York Department of Financial Services’ (NYDFS) denial of the company’s BitLicense application in a press release published on April 10. Earlier today, NYDFS denied Bittrex’s application for a BitLicense — which is required to conduct virtual currency related business in the state of New York — claiming that the exchange had inadequate policies and controls regarding Anti-Money Laundering (AML), Know Your Customer (KYC) and the Office of Foreign Assets Control (OFAC) standards. In its response, Bittrex expressed its disappointment in…

Bermuda Ministry of Finance Approves Velocity Ledger ICO

The Bermuda Ministry of Finance has approved the initial coin offering (ICO) of trading company Velocity Ledger Holdings Limited (VLHL), according to a press release published on April 10. VLHL’s subsidiary VL Financial is now in the application process with the Bermuda Monetary Authority (BMA) to obtain the relevant licenses to operate. If approved by the BMA, the company will operate a digital asset exchange in Bermuda. The release notes that the company can use VL tokens for payment for licensing VL technology platforms and services. Commenting on the development,…

Tron Has Fastest Growing DApp User Base, Ethereum Still Developers’ First Choice

A report released on April 9 by DApp (Decentralized Application) analytics website DApp.com reveals that Tron (TRX) has the fastest growing DApp user base while Ethereum’s (ETH) DApp user base is shrinking. On the Ethereum chain, there was a 4 percent decrease in the number of DApp users compared to last year. About 72,422 old users are still using Ethereum-based DApps in 2019. Decentralized Exchanges (DEXs) are responsible for more than half of the ETH DApp transaction volume, followed by gambling apps. Also, gamers were reportedly the most active ETH…

Kimchi Premium Returns: Bullish Bitcoin Breakout Imminent?

It appears the “Kimchi Premium” is making an appearance once again in the South Korean bitcoin (BTC) market as the top-ranked cryptocurrency looks set for a bullish 2019. South Korean Market Premium Returns In a tweet published on April 9, 2019, CryptoHamster, a bitcoin analyst evidenced the appearance of elevated BTC prices in South Korean exchanges. This phenomenon, known as the Kimchi Premium, characterized the onset of previous bullish activity for BTC. The Kimchi Premium first emerged in early 2017 when South Korean BTC traders had to pay a ten…

Major Bank CEOs Testify at US Congress, Topics Include Blockchain and Crypto

Chief executive officers of leading banks testified before the United States House of Representatives Financial Services Committee on April 10 on how the banking industry has transformed since the 2008 financial crisis. Among many topics spanning the breadth of the banking industry, the CEOs and lawmakers discussed blockchain technology and cryptocurrencies. During his allotted time for questioning, Rep. Warren Davidson (R) argued that the industry is entering into a new era of innovation, wherein blockchain technology is transforming existing financial systems, as well as cybersecurity. Davidson also noted that the…

Ripple Xpring, Bain Capital Invest in Early-Stage Blockchain VC Firm Robot Ventures

Ripple’s developer ecosystem project Xpring and Bain Capital Ventures have invested in early-stage blockchain venture capital (VC) firm Robot Ventures, head of the fund Robert Leshner wrote in a blog post on April 10. Leshner, who also founded Ethereum-based financial open-source protocol Compound, has already completed two investments within its new venture capital initiative. Targeting fintech and product strategy disruptors, Robot Ventures invested in crypto mining firm Coinmine and Point, a startup developing new debit card solutions. As Leshner told Cointelegraph, both investments were completed in Q1 2019. Leshner declined…

Bitcoin Cash Users Have Mixed Millions of Dollars Since Cashshuffle’s Launch

Since the launch of bitcoin cash (BCH) mixer Cashshuffle a fortnight ago, the platform has accrued a lot of attention and users. A total of 8,625 BCH shuffled outputs have been recorded since March 27 and close to 2,000 Cashshuffle transactions. Also Read: Liberland’s Merit Token Built on Bitcoin Cash Captures $1M Market Cap ‘Every Day I’m Shuffling’ The Cashshuffle platform is gaining traction. Since the initial launch, and aided by support from the Electron Cash wallet, there’s been 8,625 BCH ($2.6 million) shuffled outputs processed so far. A BCH…

Bitcoin Cash Users Have Mixed Millions of Dollars Since Cashshuffle’s Launch

Since the launch of bitcoin cash (BCH) mixer Cashshuffle a fortnight ago, the platform has accrued a lot of attention and users. A total of 8,625 BCH shuffled outputs have been recorded since March 27 and close to 2,000 Cashshuffle transactions. Also Read: Liberland’s Merit Token Built on Bitcoin Cash Captures $1M Market Cap ‘Every Day I’m Shuffling’ The Cashshuffle platform is gaining traction. Since the initial launch, and aided by support from the Electron Cash wallet, there’s been 8,625 BCH ($2.6 million) shuffled outputs processed so far. A BCH…

50% Of Companies Will Use Blockchain Tech in Next Three Years

Blockchain technology could possibly be used by 50 percent of all companies within the next three years, the vice president of blockchain product development at software company Oracle said on Monday, April 8. Frank Xiong participated in the Forbes CIO Summit in Half Moon Bay, California, where he estimated that 50 to 60 percent of companies will use blockchain technology in the next few years. At the same time, Xiong believes that people have become much more realistic about what blockchain can affect in various business models: “We’re past the…