Major U.S. crypto exchange, Coinbase, and its professional trading platform, Coinbase Pro, recently went down for the count during a hectic pump day for Bitcoin (BTC). Coinbase and Coinbase Pro showed “partially degraded service” on April 29, as per a notice on Coinbase Pro. “Coinbase has crashed as Bitcoin skyrockets today,” Morgan Creek Digital co-founder Anthony Pompliano tweeted on April 29 at 1:37 p.m. EST. Bitcoin rocketed up near $9,000 After posting its most recent price bottom near $3,600, Bitcoin has carved out a sizeable bounce. The crypto market’s largest asset…
Month: April 2020
Crypto Fund Manager Sued Over Alleged Fraud and Deception
Internet tech support and consulting player KDH Consulting Group recently filed an official complaint against crypto investment management firm Iterative Capital Management for alleged fraud and misdirection. Accusations include “fraud and breach of fiduciary duties, among other things,” the April 27 filling stated. Iterative Capital allegedly lied Iterative Capital allegedly falsely boasted of previous crypto investment and trading success and liquidity related to a “hedge fund-like” account, which they urged KDH to join. Instead of using the capital as stated, for crypto investment and trading profit, the filing accuses Iterative Capital…
The US Dept. of Transportation Is Investigating Blockchain-Powered Delivery Drones
The U.S. Department of Transportation recently publicized its effort to further harness blockchain in the world of drones. “Blockchain technology is being looked on to deliver a framework that can be used by stakeholders in the commercial drone industry,” the government agency said in an April 15 report, noting benefits in areas such as security, ID management, conflict management, flight authorization and air traffic management. Drones have vast potential The U.S. Department of Transportation listed a number of use cases for drones, also known as unmanned aircraft systems, or UASs. From…
Bitfinex’s New Social Network Seeks to Give Traders an Edge
Catering to the social realm of the digital sphere, crypto exchange, Bitfinex, announced its own social network, which opened today. On the exchange’s social network, called Bitfinex Pulse, customers can immerse themselves in the energetic world of trading, collaborating on concepts, and other market related activities, said a statement provided to Cointelegraph. The product looks to give users a leg up against the rest of the crypto trading world as they communicate with their fellow Bitfinex compatriots. Different from other social trading platforms Bitifinex Pulse is not first to…
Cryptocurrency News From Japan: April 19-25 in Review
This week’s headlines from Japan included Mitsui & Co. Digital Asset Management kicking off its security token project, Coincheck’s fiat exchange listing seven altcoins, FXCoin unveiling physical crypto trading and XRP remittance testing plans, and GMO Coin listing three more altcoins. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Security token company tests security tokens in real estate Looking to create blockchain-based security tokens, Mitsui & Co. Digital Asset Management, daughter of Japanese product and material trading giant, Mitsui & Co., recently kicked off an…
What If Amazon’s Jeff Bezos Bought All BTC? Tone Vays Weighs in
Crypto trader and YouTuber, Tone Vays, explained that Amazon’s $140 billion CEO couldn’t buy every Bitcoin (BTC) in circulation. What would happen if Bezos tried? “He would drive up the price of Bitcoin to the point where he could no longer afford it,” Vays told Cointelegraph in a message on April 23. Why couldn’t Bezos buy all the BTC on the market? On the day of Vays’ comments, all the speculative capital held within Bitcoin gave the asset a total market cap near $137 billion, with each coin priced at…
Twitter CEO Jack Dorsey Calls Bitcoin Whitepaper ‘Poetry’
In a podcast interview with tech researcher, Lex Fridman, Twitter CEO and co-founder, Jack Dorsey, referred to Bitcoin’s white paper as “Poetry.” “I think the Bitcoin whitepaper is one of the most seminal works of computer science in the last 20 or 30 years,” Dorsey said in Fridman’s April 24 podcast episode. “It’s poetry,” he added. Dorsey has talked about Bitcoin before Ranked 11th on Cointelegraph’s top 100 most influential people in crypto and blockchain, Dorsey, who is also CEO for payments company, Square, has often spoken positively of Bitcoin. …
Binance Research Explains Recent Libra/SpaceX Comparison
A recent report from Binance Research claimed Facebook’s Libra is as disruptive for the payments industry as SpaceX was for interstellar travel — but why? When it entered the rocket sector, SpaceX found an industry laden with high entry barriers and largely dominated by public market players, a Binance Research representative told Cointelegraph in an email. Therefore, the industry also yielded “little movement, as there were hardly any incentives to innovate beyond incrementally improving the product,” the rep said. “The same is true for the current payments landscape.” Borders…
Binance Sees 2,000% Employee Increase in Under 3 Years
Major crypto exchange, Binance, now has over 1,000 employees, showing tremendous company growth since its 2017 start. “When Binance first started in 2017, there were under 50 people,” Binance co-founder, Yi He, told Cointelegraph on April 23. “We have more than 1,000 employees today (currently at 1,002 and counting; we are welcoming new hires almost every day).” Binance kicked things off less than three years ago Binance conducted its ICO in July 2017, garnering $15 million in capital. The exchange opened one month later. “Though our team during this time was…
Blockchain Platform Partnership Allows Rewards Points Consolidation
Rewards points Blockchain platform, MiL.k Alliance, has coupled up with South East Asian travel accommodation platform, Yanolja, for rewards points compatibility and usage. “The integration with South Korea’s fastest growing online travel agency means that Yanolja members can now connect the Yanolja app to the MiL.k app, providing the ability to earn rewards and participate in MiL.k promotions,” said a statement provided to Cointelegraph. MiL.k makes rewards points less cumbersome Earning rewards points can be a siloed endeavor. Transferring or selling said points is often not possible. Points also often…