Day: August 16, 2019

Coinbase Custody Buys Xapo Institutions, Continuing Rapid Expansion

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Coinbase Custody has reportedly acquired Xapo’s institutional business to become the world’s largest crypto custodian by assets under custody. Major crypto exchange Coinbase announced the news in a post on the company’s blog Aug. 15. The news follows rapid growth on the part of Coinbase’s year-old custodial wing, which only two months ago reported assets under custody (AUC) valued at $1.3 billion.  According to the announcement, the new acquisition puts Coinbase Custody’s AUC at $7 billion. Xapo is itself a major crypto wallet provider who has apparently been in negotiations with…

Blockchain Music Streaming Startup Unveils Source Code, Incentives

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Audius, a blockchain startup that aims to disrupt the music streaming industry, has uploaded its public beta version.  The open source code for public use of Audius is available on GitHub as of Aug. 15. Additionally, the startup has issued an open invitation to run network nodes in exchange for compound rewards distributed in Audius’ native token. Decrypt reported the startup’s recent developments on Aug. 15. According to Audius CEO Roneil Rumburg, Amazon Web Services is one provider that users can take advantage of to run a node for the…