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Coinbase Custody Buys Xapo Institutions, Continuing Rapid Expansion

Coinbase Custody announces acquisition of Xapo’s institutional business, putting total assets under custody over $7 billion. Coinbase Custody has reportedly acquired Xapo’s institutional business to become the world’s largest crypto custodian by assets under custody. Major crypto exchange Coinbase announced the news in a post on the company’s blog Aug. 15. The news follows rapid growth…
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Crypto Exchanges bitFlyer, GMO Coin Branch Out into Property, Sport

GMO Coin has teamed up with professional football club FC Ryukyu. Japanese cryptocurrency exchanges are looking to expand the scope of their activities – venturing out into the world of sport and real estate. Sumitomo Mitsui Trust Bank, the banking arm of the Sumitomo Corp. business empire, has released details of its ambitious blockchain-powered real…
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Coinbase to ‘Store 5% of all the BTC in the World’ Following Xapo Deal

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 55 million for the deal, and – per a company blog post…
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Crypto PIVX Denies Vulnerability Allegations, Says Users’ Funds Are Safe

Cryptocurrency PIVX denies allegations that its blockchain was vulnerable to a bug, as consulting firm Lunar Digital Assets had claimed. Developers of the private transactions cryptocurrency PIVX replied to crypto consulting firm Lunar Digital Assets regarding claims its blockchain was vulnerable to a bug.  In a reply published on Aug. 13, PIVX developers addressed claims…
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Major Staffing Company Kelly Services Turns to Blockchain With New Partnership

Major staffing company Kelly Services has partnered with online blockchain-based hiring platform Moonlighting to improve internal processes management. Global staffing company Kelly Services announced a strategic partnership with online blockchain-based hiring platform Moonlighting. As Forbes reported on Aug. 14, Kelly Services will deploy Moonlighting’s blockchain-enabled hiring platform in a bid to streamline internal processes such…
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Mark Yusko: Bitcoin Is a “Chaos Hedge, or Schmuck Insurance”

Morgan Creek Capital CEO Mark Yusko dismisses daily price tracking of Bitcoin, calling the currency a “chaos hedge, or schmuck insurance.” Morgan Creek Capital CEO Mark Yusko called Bitcoin (BTC) a “chaos hedge, or schmuck insurance,” in an interview with CNBC Fast Money on Aug. 14. Yusko made the comment while explaining the folly in…
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Bitcoin Price Shows Signs of Recovery as Altcoin Market Stays Red

Most top cryptocurrencies are still falling in price, while Bitcoin price sees some rebound on the day after drop earlier this week. Thursday, Aug. 15 — Bitcoin (BTC) is seeing some upward movement as Ether (ETH) and XRP continue to slump. Market visualization. Source: Coin360 Bitcoin is trading at $10,407 at press time, representing a…
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Crypto Mining Company CoinMine Secures $2.5 Million in Seed Round

Cryptocurrency mining company CoinMine has completed a $2.5 million round of seed funding, earmarked for developing the all-in-one mining machine, Coinmine One. Cryptocurrency mining company CoinMine has received a fresh injection of funds from a $2.5 million seed round led by the investment company M13. Coinmine announced the successful fundraiser in an official blog post…
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Binance to Resume US Operations Within Two Months, Predicts CEO CZ

Binance CEO Changpeng Zhao has predicted that Binance will resume serving the US within two months, thanks to help from BAM Trading Services. Changpeng Zhao, CEO of major cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within the next two months. Navigating U.S. regulation Zhao, also known as…
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Are Decentralized Autonomous Organizations Back?

Despite the infamous ‘The DAO’ hack, which somewhat tainted the name of decentralized autonomous organizations, DAOs have been witnessing a resurgence in the past twelve months. At least this is what Circle Research analysts claim in their 2Q2019 Crypto Retrospective Report. A decentralized autonomous organization, commonly referred to as a DAO, is a  Read more…
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