Day: April 18, 2019

Coinbase Extends Crypto-to-Crypto Trading Services To 11 More Countries across Latin America and Southeast Asia

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With direct trading between cryptos becoming more popular than fiat-to-crypto trading, Coinbase expanded its crypto-to-crypto trading service to 11 more countries across Latin America and Southeast Asia. The U.S-based cryptocurrency exchange now added Argentina, Colombia, Chile, Hong Kong, India, Indonesia, Mexico, New Zealand, the Philippines, Peru, and South Korea to the list for trading between cryptos. With this, the trading is now available in 53 countries. The customers in these countries can now store, trade, send and receive cryptocurrencies on Coinbase Pro, the platform for trading cryptocurrrencies, Coinbase said in…

Bakkt Exchange May Be Seeking New York License for Crypto Custody: Report

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The owner of the New York Stock Exchange, Intercontinental Exchange (ICE), is reportedly eyeing a New York license for its long-delayed crypto exchange Bakkt. With Bakkt’s launch having been held up for eight months, apparently over persuading the Commodity Futures Trading Commission (CFTC) to approve it to custody bitcoin for its planned physically-delivered futures contracts, ICE apparently sees a license from the New York Department of Financial Services (NYDFS) as a possible solution, a Bloomberg report citing several sources said Thursday. A physically settled contract means buyers would receive the actual commodity – bitcoin – at…

Binance Births its Own Decentralized Blockchain to Challenge Ethereum

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Crypto Giant Coinbase is Trading in 53 Countries

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: Coinbase, one of the biggest crypto exchanges in the global market reportedly valued at $8 billion, has launched crypto-to-crypto trading in 53 countries including India, South Korea, Hong…

French Gov’t Minister Open to Enabling Crypto Donations for Notre Dame

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France’s Minister of State for the Digital Sector, Cédric O, has said he is open to cooperating with cryptocurrency platforms to enable crypto donations for the reconstruction of the Notre Dame cathedral. The news was reported by Bloomberg on April 17. The medieval cathedral suffered a blaze on April 15 that nearly destroyed the world-renowned landmark. Within just two days, donations for the monument’s reconstruction are reportedly approaching 900 million euros (over $1 billion). Cédric O — whose ministry works under the aegis of France’s Minister of Economy and Finance,…

Crypto, Blockchain Startup Investments Will Reach New Heights in 2019, New Data Suggests

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Venture capital investment in cryptocurrency and blockchain startups will likely set a new all-time high in 2019, Reuters reported on April 17, quoting figures from market data provider PitchBook. Following on from the $2.4 billion in funding the industry received from backers last year, the $850 million raised this year already looks set to beat all previous records. At the same time, while continuing to avoid direct involvement with cryptocurrency handling, investors appear to be contributing larger sums per deal. 2018’s total came from 117 investments, whereas this year’s tally…

South Korean Crypto Exchange Coinnest Shutters Services

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South Korean crypto exchange Coinnest has begun to terminate its services as of April 16, according to a pop-up announcement on the platform’s official website. Notification of exchange closure. Source: https://www.coinnest.co.kr/. Accessed: April 18, 2019 The announcement states that Coinnest has taken the decision to close as the exchange has struggled to cope with changes in the cryptocurrency and blockchain industry. The process of shuttering platform services began on Tuesday, April 16, beginning with membership services, and is set to culminate by June 30, when withdrawals of all funds will…

US Gov’t Blockchain Spending Expected to Increase 1,000% Between 2017-2022: Study

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The United States federal government is expected to raise its blockchain spending to $123.5 million by 2022 — an over 1,000% increase as compared with the $10.7 million it spent in 2017. The forecast was made in a report from IDC Government Insights, published on April 18. IDC states that blockchain spending among state and local governments is also anticipated to grow, from $4.4 million in 2017 to $48.2 million in 2022 — similarly an almost 1,000% rise. Federal civilian agencies — who reportedly spent less than $20 million on…

Ripple (XRP) Price Surges 3% But the Bounce Looks Doomed

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Surge in OTC Trades Drove Near $80 Million Q1 Profits

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A huge surge in over-the-counter (OTC) trading popularity drove major cryptocurrency exchange Binance’s $78 million Q1 profits, crypto news outlet Decrypt Media reported on April 17. Speaking in an interview, CFO Wei Zhou said OTC, which is a method of wholesale cryptocurrency trading for large-scale investors, accompanied a volume uptick as bitcoin (BTC) rose almost $1,300 at the start of this month. “Last month we saw a lot more volume than, say, three months ago,” he told the publication, continuing: “This was mainly due to the increase in price of…