Coinbase Secures $20 Billion Hedge Fund and Plans to Offer Margin Financing for Institutional Investors

Coinbase Secures $20 Billion Hedge Fund and Plans to Offer Margin Financing for Institutional Investors

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In early July 2018, San-Francisco based startup Coinbase launched its custodian solution for institutional investors. The leading digital asset exchange has now secured a $20 billion hedge fund to offer investors a greater variety of financial services. Coinbase Custody Draws Institutional Capital into Crypto The everyday investor’s go-to service for buying and selling cryptocurrency, Coinbase,…

ETH Bots Run Rampant While Twitter Claims to Ban Lookalike Accounts

ETH Bots Run Rampant While Twitter Claims to Ban Lookalike Accounts

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According to reports the social media platform Twitter has been deleting millions of fraudulent accounts per day, and stated during the first week of July that it suspended more than 70 million accounts throughout May and June. However, the cryptocurrency industry is still plagued by tons of ‘ETH scam-bots’ pretending to be bitcoin luminaries and…

Coinbase Exploring the Addition of Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x

Coinbase Exploring the Addition of Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x

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In an announcement July 13, 2018, Coinbase unveiled the possibility of listing new coins on its exchange, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). Noticeably absent from the list is XRP. Today we are announcing that we’re exploring the addition of the following assets to Coinbase: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens…

Korea Will Fuel the Development of dApps and Base Blockchain Layers Like Ethereum, EOS and NEO

Korea Will Fuel the Development of dApps and Base Blockchain Layers Like Ethereum, EOS and NEO

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Local publications reported that the government of South Korea finalized plans to legitimize the cryptocurrency exchange market and the blockchain sector with a newly created regulatory framework. Initially, local financial authorities will begin with an imposition of a new legislation that will recognize cryptocurrency exchanges as regulated financial institutions and brokerages. Local cryptocurrency exchanges like…

MyCrypto Condemns Chinese Exchange For Spamming and Congesting Ethereum

MyCrypto Condemns Chinese Exchange For Spamming and Congesting Ethereum

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MyCrypto, one of the most popular Ethereum and ERC20 token wallets created by the co-creator of MyEtherWallet, heavily criticized Chinese cryptocurrency exchange FCoin for congesting the Ethereum blockchain network with insignificant transactions. Condemnation of FCoin’s Absurd Business Model FCoin, a cryptocurrency exchange created by former Huobi CEO, debuted in early 2018 with an unusual business…

With Coinbase Custody, Institutional Investors Can Now Invest Billions in Crypto

With Coinbase Custody, Institutional Investors Can Now Invest Billions in Crypto

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Coinbase, the world’s largest crypto exchange with more than 20 million active users, launched a custodian solution for large-scale institutional investors that could potentially attract billions of dollars worth of new capital into the crypto market. Sam McIngvale, a product lead at Coinbase Custody, said in a company statement that after receiving its first deposit…

Below $0.50: XRP Prices Fall to New 2018 Lows

Below $0.50: XRP Prices Fall to New 2018 Lows

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XRP and other well-known crypto assets are sitting on dangerous grounds as they print new price lows not seen since 2017.

Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

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South Korean crypto exchange Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing. A compensation plan has also been unveiled for the equivalent value of the lost coins in an undetermined cryptocurrency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Only Half As Much Crypto…

Mt Gox Ordered to Repay Victims of 850,000 Bitcoin Hack

Mt Gox Ordered to Repay Victims of 850,000 Bitcoin Hack

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The Tokyo District Court has ordered Mt Gox to begin compensating victims of its infamous 2014 hack, effectively stalling the exchange’s pending bankruptcy. Posted on the Mt Gox website June 22, the ruling may bring closure to a November 2017 petition requesting compensation — filed by creditors of the now-defunct Mt Gox exchange. Crucially, victims…