Category: Exchanges

When YouNow launched the props token on ethereum last July, the company’s goal was always for other companies to use it. Now YouNow says two other peer-to-peer sites are integrating the crypto token: Camfrog and Listia. Camfrog is launching in a matter of weeks. Listia expects it to go live in March.  The token, which was granted a Reg A+ qualification from the U.S. Securities and Exchange Commission (SEC), is used to reward content creators for driving revenue on YouNow’s video-streaming platform. “We have chosen to use the Props token,…

“You get to talk to lightning nodes with dollars.” That’s how Zap CEO Jack Mallers described his lightning wallet’s new U.S. dollar clearing system in a phone interview with CoinDesk. Announced Thursday, the upgrade aims to address a number of hurdles faced by current cryptocurrency payment options. “You can download it, link your bank account, your debit card and you can scan any lightning payment you want,” Mallers said. “Then it will turn around and it will debit your account so that you’re using U.S. dollars to interact with the…

Two leading manufacturers of crypto mining hardware notified customers their shipments would be delayed at least a week because of the coronavirus quarantine in China. This week MicroBT, Bitmain and Canaan notified customers the application-specific integrated circuits (ASICs) they ordered would not be immediately sent, as the Chinese government extended New Year holiday hours due to the outbreak, according to Artem Eremin, product manager of the ASIC retailer 3Logic. MicroBT published a notice on WeChat referencing a decision made by the Guangdong provincial government to extend the Chinese New Year…

With bitcoin traders looking for a move to $10,000, Markets Daily is back with news of the day and clips of Democratic U.S. presidential hopeful Andrew Yang’s recent crypto comments. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source

U.S.-regulated security token platform TokenSoft is now providing self-managed accounts for investors. The new service, announced on Thursday, is aimed to provide users of the platform a less technical and more secure way to hold and control their security token investments. Effectively a digital wallet, the product offers automated dividend distributions, and built-in reporting for token issuers. Multi-signature security is provided too, but only for accounts with over $1 billion in investments. “We’re excited to bring a multi-signature wallet security packaged in a self-controlled, easy to manage brokerage-style experience to…

A lukewarm U.S. economy is making big banks like JPMorgan Chase struggle to produce fast loan growth – even with interest rates close to historic lows. Yet, in the white-hot cryptocurrency industry, lenders are burgeoning. The Commerce Department reported Thursday that U.S. gross domestic product rose at a 2.1 percent annual pace in the fourth quarter, on par with the third quarter’s clip, even after the Federal Reserve cut interest rates three times earlier in 2019 to stimulate growth. For the full year, the economy expanded 2.3 percent, a slowdown…

Bittrex has insured digital assets held in its cold (or offline) storage to up to $300 million, the highest coverage yet offered by a cryptocurrency exchange. The company announced the news Thursday, saying it has obtained digital asset insurance that will protect users’ holdings in cases of “external theft and internal collusion.” Bittrex CEO Bill Shihara said the cover, which has a limit of up to $300 million, offered “peace of mind” and would show clients it was “committed to prioritizing security throughout all of our decisions and forward looking…

Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance (POSA), a lobbying organization hoping to push regulators to clarify the legal treatment of staking services. Announced Thursday, the lobbying group said having the two companies on board adds weight to its mission of advancing the proof-of-stake (POS) industry. Other members of the group include Tezos, the Interchain Foundation and the Web3 Foundation.  Proof-of-stake networks have participants, or validators, own currency to mint new coins, as opposed to proof-of-work which requires participants to commit computing power to advance…

Democratic presidential hopeful Andrew Yang said the US needs a consistent legal framework for cryptocurrencies if it is to be a market leader. Speaking to Bloomberg on Thursday, Yang said the current regulatory situation was confusing and potentially harmful to individuals and businesses working in the space. “Right now we’re stuck with this hodgepodge of state-by-state treatments and it’s bad for everybody. It’s bad for innovators who want to invest in the space,” he said. “The underlying technology of cryptocurrencies is very, very high potential and we should be investing…

Bitcoin defended key price support early on Thursday, strengthening the case for another move higher. Having faced rejection above $9,400 multiple times on Wednesday, the top cryptocurrency by market value came under pressure during the Asian trading hours today. Buyers, however, absorbed the selling pressure at $9,188, keeping the former resistance-turned-support intact. Bitcoin had reversed lower from the same $9,188 hurdle on Jan. 14, aborting the short-term bullish view. So, as the cryptocurrency bounced up strongly from $8,250 earlier this week, traders wondered whether bitcoin will again fail at $9,188…