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.
The past few days haven’t gone down particularly well for Binance, the largest cryptocurrency exchange in the world (by trading volume). Days after facing an uproar over its failure to execute a system upgrade on time, Binance now finds itself at the receiving end of a hack attempt.
Nobuaki Kobayashi is making headlines in the cryptocurrency world right now. The Tokyo-based attorney and bankruptcy trustee for Mt. Gox cryptocurrency exchange platform has so far sold about $400 million worth of cryptocurrency since September 2017.
This disclosure was made by Kobayashi himself on Wednesday, 07 March 2018. The reason for the sales has been to raise funds to pay back the many creditors of the now-defunct cryptocurrency exchange platform. The $400 has been raised from the sale of bitcoin and bitcoin cash.
In what is yet another entry in the continuing narrative of severe cryptocurrency crackdowns in China, internet regulators in the country have blocked access to the social media accounts of some cryptocurrency exchange platforms. This is another drastic decision being taken by a country that seems intent on prohibiting the cryptocurrency market within its borders. In September of last year, a ban was placed on ICOs as well as cryptocurrency exchange platforms.
Twitter is taking a leaf from Facebook in stepping up efforts to stop the spread of cryptocurrency scams on its platform. The increase in popularity of the cryptocurrency market has contributed to accelerating the emergence of misleading cryptocurrency-related content on the popular microblogging site.
Twitter for their part has confirmed that they are aware of the problem and are taking steps to get ahead of the situation. Earlier in 2018, Facebook placed a ban on advertising related to initial coins offerings (ICOs) and all other cryptocurrency content, as well as binary options.
Bitmain, one of the largest bitcoin mining hardware manufacturers has announced that it plans to invest in a number of startups that are looking to create blockchain-based central banks. The announcement was made by Jihan Wu, the co-founder of Bitmain. The announcement was part of a keynote address he delivered at the DC Blockchain Summit being hosted by the Center for Financial Markets and Policy department of Georgetown University in collaboration with the Chamber of Digital Commerce.