Although blockchain technology is extremely current and typically associated with the millennial generation, South Korea is demonstrating that the association is not necessarily valid, even when it comes to virtual currencies.
TrueEX, one of the major players in the derivatives market is planning to make the move to the burgeoning bitcoin derivatives market. During an announcement on Monday, March 12, 2018, the company said that it wants to begin offering bitcoin as well as other cryptocurrency derivatives.
Bitcoin has many possible use cases, just like cash or any other type of fungible asset. One thing that has become clear in the past year of cryptocurrency-related companies being created is there are many different potential applications of Bitcoin. In the early days of Bitcoin, one constantly highlighted benefit to the cryptocurrency was the simplicity of dealing with cross-border payments. People would always say it was great for facilitating capital flight in countries that were normally extremely restrictive, like China. But one use that is now coming to receive lots of interest is remittance payments.
Agora, the Switzerland-based blockchain startup has released its preliminary vote count of the Presidential election in Sierra Leone. In what has been described as a major milestone in the annals of blockchain technology, this is the first ever blockchain-tracked Presidential election anywhere in the world.
No matter how sophisticated the monetary and financial system of any country is, it is still considered a wise and prudent decision to have assets whose values are not based on fiat currency. It is based on this reason that assets like precious stones and rare items are still viewed in high regard by people looking to safeguard their wealth.
Take gold, for example, the precious stone is not tied to any economy in the world and as such, its value cannot be affected by the devaluation of the dollar or any other powerful world currency.
Financial services provider Dominion Capital has announced that its customers can now apply for loans against their crypto holdings. Initially, the family office based in the New York City will consider only applications that list bitcoin as collateral.
The Governor of the People’s Bank of China, Zhou Xiaochuan, has stated that China will not recognize Bitcoin and other digital currencies as a legitimate payment method. On the sidelines of a National People’s Congress, Zhou told Reuters that the country does not recognize the cryptocurrency as a currency.
Prasos Oy, one of the biggest Bitcoin dealers servicing the Nordic countries, is running out of banking options. The dealership focuses on converting most cryptocurrencies into euros and needs banking facilities to execute the transactions that constitute its primary preoccupation.
Coinbase is a digital currency exchange platform founded in July 2011 by Brian Armstrong and Fred Ehrsam. After enrolling in the 2012 Y Combinator startup incubator program, the company launched its services in October 2012 and soon after, in May 2013, Coinbase received $5 million Series A investment from the venture capital firm Union Square Ventures which gave the company the much-needed support to become who they are today. Coinbase reached a trading volume of more than $1 million worth of Bitcoins per month in just one year after the investment from USV, and two years later, in 2015, Coinbase got approved by the U.S regulators and became the first licensed U.S. Bitcoin exchange. So let’s delve into Coinbase review without further ado.
Coinbase, a company which has served as an exchange marketplace to enable users to procure cryptocurrencies using fiat currency, has come up with another groundbreaking product. This new product is Coinbase Commerce, which has been created as a solution to enable merchants all over the world to accept payments in specific cryptocurrencies for their goods and services online. The acceptable cryptocurrencies for such transactions will be Bitcoin, Ethereum, Bitcoin Cash and Litecoin.