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Coinbase Custody Acquires Xapo, Sees $7 Billion Growth
16.8.2019
Today, Coinbase Custody has announced that it has completed the acquisition of Xapo’s institutional businesses. Coinbase Custody has acquired 55 Million U.S. Dollars, Xapo’s institutional business. The platform was in stiff competition with major investment company- Fidelity, who was also...
Bitcoin Vs. Ripple: Ripple’s Growth Pattern Seems like the Shadow of Bitcoin’s Trend
16.8.2019
Bitcoin has started recovering from the price correction of the last few days. Ripple may take some more time to reach its target. Bitcoin, after the last few days of struggle, has now risen and it is racing towards 10,000 USD currently. On the other hand, Ripple has not shown any signs of growth...
Electricity Theft for Bitcoin Mining Imposes Loss of $25 Million in Malaysia
16.8.2019
Bitcoin Mining is a power-intensive activity, and it consumes a lot of electricity. A report by Cambridge last month showed that Bitcoin consumes more electricity than the entire country of Switzerland. While the cost involved is huge, it can be devastating to electricity manufacturers...
Ponzi Accused of USD 2B Heist & BTC Crash, Analysts Disagree
16.8.2019
In the past couple of days, the Cryptoverse was filled with discussions about an alleged Chinese ponzi scheme selling bitcoin and causing a crash, but according to cryptocurrency analyst group TokenAnalyst, that may not be the reason.
Dovey Wan, a founding partner of California-based investment...
Coinbase to ‘Store 5% of all the BTC in the World’ Following Xapo Deal
16.8.2019
Brian Armstrong, CEO of Coinbase. Major American cryptocurrency exchange and wallet Coinbase has bought the custody interests of Xapo, a company famous for stashing its rich clients’ crypto holdings in a secret Swiss former military bunker, located underneath a mountain.
Coinbase paid USD...
Bitcoin Price Analysis: Bitcoin (BTC) Performs a Quick Recovery by Rising Above $10,000
16.8.2019
Bitcoin recovers quickly from yesterday’s bloodbath; it is hovering around 10,300 USD. Bitcoin’s last month’s performance hints at a price rally at the earliest. After Yesterday’s quick fall below 10,000 USD, Bitcoin has been able to recover towards the closing of the day. Over the last 30 days,...
Dallas Mavericks Fans Can Now Purchase Tickets and Merchandise with Bitcoin
16.8.2019
Since early last year adopting cryptocurrency has been in mind for the Mavs, when billionaire tech investor and the owner of the team, Mark Cuban indicated that fans would soon have the option to utilize Bitcoin to purchase tickets to the group’s games. Mark Cuban, one of the first...
Samsung Adds Bitcoin Support to Its Blockchain Keystore
15.8.2019
On August 13, Samsung, the South Korean multinational conglomerate, published the company’s new Blockchain Keystore SDK for developers and the latest release supports Bitcoin Core (BTC). The version follows Samsung’s previous Keystore release which only supported ETH and the ERC20...
Why US BTC ETFs Matter if ‘No One Cares’ About European ETNs and ETPs
15.8.2019
As a new round of decisions by the U.S. Securities and Exchange Commission (SEC) on bitcoin-backed exchange traded funds (ETFs) is expected in the coming months, questions are now being asked on why it even matters.
In an interview on Bloomberg TV on Wednesday with Hunter Horsley, CEO of Bitwise...
Bitcoin Price Analysis: BTC’s Mayday Forced Coin Below $10,000
15.8.2019
Bitcoin falls below 10,000 USD price level with a cut above 5% overnight. The BTC’s next halt may happen at 9,700 USD. Bitcoin (BTC) has finally demolished all expectations of a price recovery anytime soon by falling below 10,000 USD. It is currently being traded near 9971 USD. With three major...
deVerge CEO Lauds HM Revenue & Customs Authority’s Move To Gather Crypto Trading Records
15.8.2019
The crypto industry and regulators have a bittersweet affair across the globe, a tussle that seems to be going nowhere yet. However, things have been moving either way in many regions, including the United Kingdom. Recently, HM Revenue and Customs (HMRC) department sent letters to a few crypto...
Central Banks Worldwide Testing Their Own Digital Currencies
15.8.2019
Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden....
Alcor Life Extension Foundation Now Accepts Bitcoin Cash Donations
15.8.2019
Alcor Life Extension Foundation has revealed the company is accepting bitcoin cash (BCH) donations. Alcor was convinced by Bitcoin.com’s executive chairman Roger Ver to add BCH acceptance, the same person who convinced Alcor to accept BTC payments via Bitpay back in 2014. The nonprofit...
UK Advertising Standards Authority has Upheld Complaint against BitMEX for Placing Bitcoin Ad
15.8.2019
The U.K. Advertising Standards Authority (ASA) has raised a complaint about a bitcoin advertisement placed by BitMEX (HDR Global Trading), Crypto derivatives exchange. The promotion placed on January 3rd, 2019, apparently to celebrate the tenth commemoration of mining of the first block of bitcoin...
Samsung Adds Bitcoin Support To Its SDK Blockchain Keystore Without Making Any Noise
15.8.2019
The speculations of Samsung adding support for Bitcoin have finally turned out to be true, as the Korean tech giant added BTC support to its Blockchain Keystore SDK, though quite discreetly. As per reports, the move will allow users to use Bitcoin applications through the secured storage hardware...
Seed SEF Starts Testing of Its Physically Settled BTC Swaps
15.8.2019
Seed SEF (Swap Execution Facility) has begun the UAT (User Acceptance Testing) of its physically settled Bitcoin derivatives, as announced by the firm on 13th August 2019. The testing will continue until early August. The company’s UAT environment is now open for clients to commence trading...
Price Analysis 14/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM
14.8.2019
Has Bitcoin topped out in the short term or will traders have the opportunity to buy it lower? Let’s consult the charts
Bitcoin Being Traded At Premium In Crisis-Hit Argentina And Hong Kong, Comes To Rescue From Devaluation
14.8.2019
Bitcoin (BTC) has proven to be of tremendous value in crisis-hit countries, with live examples like Venezuela. The South American country, which had been in socioeconomic and political turmoil, saw accelerating demand for Bitcoin, as it was viewed as a safe asset to park wealth. A similar story...
Bitcoin Price Analysis: Bears Usher BTC Price Even Below $10500
14.8.2019
Bitcoin sees major price fall over a day, has stepped down well below $11,000 BTC has even broken below $10500, recently possessed price range above $10,400 Bitcoin has formed support level near $10,351.73 and the coin rebounded above $10,500 Currently BTC is correcting after the rebound Bitcoin...
Bitcoin Vs. Ripple: Both Bitcoin (BTC) & Ripple (XRP) Are On A Slippery Slope; Lost Significantly Overnight
14.8.2019
Bitcoin loses 6.5% whereas Ripple is down by 1.43% in the last 24 hours. Bitcoin has a higher chance of turning around its situation than XRP. There has been a blood bath for Bitcoin and Ripple over the last 24 hours. And this time, Bitcoin seems in a worse position than Ripple. Bitcoin has lost...