Day: May 23, 2019

Robinhood Zero-Fee Trading App Officially Launches in New York

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American stock brokerage Robinhood Crypto has officially launched its zero-fee crypto trading app in New York, the company announced in a blog post on May 23. Following the acquisition of a BitLicense by the New York State Department of Financial Services (DFS) in January 2019, Robinhood now allows New York citizens to trade in seven major cryptos with no commission fee using its Robinhood Crypto platform. From now, the Robinhood Crypto service is available in 39 states in the United States, including California, Washington and Florida, among others. The Robinhood…

Blockchain Firm Raises $4 Million From Draper’s VC Fund to Provide Uncensorable Domains

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San Francisco-based blockchain domains firm Unstoppable Domains has secured $4 million in a funding round backed by venture capitalist Tim Draper, co-founder Brad Kam told Cointelegraph in an email on May 23. Following a $730,000 seed round led by investment firm Boost VC, Unstoppable Domains has carried out a Series A round led by venture capital fund Draper Associates. The previous investment was completed in December 2018, a press release notes. The new investment funds will be used in the company’s mission to provide blockchain-powered uncensorable websites, as well as…

Grayscale Gets Regulatory Nod From FINRA for Ethereum Trust to Trade on OTC Markets

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American digital asset manager Grayscale Investments confirmed its Ethereum Trust (ETHE) has gained regulatory approval from the Financial Industry Regulatory Authority (FINRA) for retail trading. The news was announced in a press release issued on May 23. Set to become the first publicly-quoted security based on Ethereum (ETH), ETHE received the go ahead from FINRA to trade on over-the-counter (OTC) markets. The product will follow Grayscale’s equivalent Bitcoin (BTC) and Ethereum Classic (ETC) Trusts, which are already publicly quoted. The launch remains subject to full compatibility with the Depository Trust…

Bet on Bitcoin for Better Returns Than US Stocks, Insists Wall Street Veteran

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By CCN: On CNBC’s Fast Money, Morgan Creek Digital founder and CEO Mark Yusko, said that bitcoin makes a great diversifying asset in a stocks portfolio and that every investor should invest in the dominant cryptocurrency. Hedge fund vet @MarkYusko says bitcoin is a better bet than stocks. pic.twitter.com/mbnwGJUmNi — CNBC’s Fast Money (@CNBCFastMoney) May 22, 2019 Since January, in less than six months, the bitcoin price has risen by more than 100 percent year-to-date, outperforming every major stocks index such as the S&P 500. Bitcoin Over Stocks? Or Both?…

Russia’s Central Bank to Consider Gold-Backed Cryptocurrencies for Mutual Settlements

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Russia’s central bank, the Bank of Russia, will consider issuing a gold-backed cryptocurrency, Russian news agency TASS reports May 23. Elvira Nabiullina, the head of the Bank of Russia, revealed that the bank may be interested in creating a gold-pegged crypto for conducting mutual settlements with global jurisdictions. However, Nabiullina claimed that she believes that it is more important to develop international settlements using national currencies. Speaking at a meeting of the State Duma, the bank’s governor cited a successful example of using national currencies in settlements under the framework…

Enterprise Ethereum Alliance Releases Report on Blockchain Use Cases in Real Estate

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The Enterprise Ethereum Alliance (EEA) has detailed several blockchain use cases relevant to the real estate industry in a report shared with Cointelegraph on May 23. The document is reportedly the result of several months of work by the group’s members, which includes over 50 real estate companies. The report describes four use cases, the first of which is the idea of tokenizing properties to allow for more granular investment in an official way. The EEA also believes that blockchain has the potential to shorten the process of recording and…

Company Behind Fortnite Epic Games Partners With Blockchain Gaming Platform The Abyss

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Epic Games, the company that developed successful videogame Fortnite, announced that it has partnered with blockchain game distribution platform The Abyss in a press release shared with Cointelegraph on May 23. The press release notes that the partnership will allow developers on the platform access to the Unreal Developers Network. Epic’s Unreal Engine requires developers to make quarterly payments equivalent to 5% of their returns, once they earned over $3,000. The engine is often employed by so-called triple-A or blockbuster games, and is known for being one of the engines…

Bitcoin Price & Technical Analysis: BTC Correcting, and No Wonder

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Bitcoin’s creator is still unknown SEC did not approve BTC ETF’s Craig Wright, an Australian scientist, was not the one who created Bitcoin. Who is Satoshi Nakamoto is still unknown. This conclusion was driven by the US Copyright Bureau: Wright is not the author of the Bitcoin White Paper and did not write its first core code. Wright issued his claim a few days ago, and could suffer a $2,500 penalty, this was not actually the case. Meanwhile, the SEC did not approve Bitcoin…

Coinme Now Lets Consumers Buy Bitcoin at More Than 2,200 Coinstar Kiosks

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Photo: Coinme / Instagram Coinme, following the mission to help people to understand and utilize the power of cryptocurrencies globally, announced the extension of its services. Starting from May 22 people can buy Bitcoin at 2,200 Coinstar kiosks in 21 states and District Columbia. Just as a reminder, last month its services were available in 19 states at around 2,100 kiosks. Neil Bergquist, Coinme cofounder and CEO noted: “Bitcoin and other digital currencies offer unique benefits to consumers — including the potential for more cost-effective and faster remittances to family…

Dutch Bank Rabobank Cancels Development of ‘Rabobit’ Crypto Wallet

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Dutch bank Rabobank has reportedly canceled its plans to develop a cryptocurrency wallet, technology news outlet The Next Web states on May 23. As Cointelegraph reported, the bank had announced a cryptocurrency wallet service dubbed “Rabobit” as a part of the Rabobank Moonshot fintech innovation program in February last year. Still, a spokesperson of the bank reportedly told the outlet that: “After careful consideration with our customers in mind we recently decided that now is not the time to develop the idea further and bring it to the next phase…