The custody arm of major United States-based cryptocurrency exchange Coinbase, Coinbase Custody, obtained two new security qualifications. The crypto custody arm of major United States-based cryptocurrency exchange Coinbase, Coinbase Custody, obtained two new security evaluations. According to a press release published on Feb. 12, Coinbase Custody was granted a Service Organization Control (SOC) 1 Type…
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Circle, a Goldman Sachs-backed crypto startup behind USD-pegged stablecoin USDC, sells its crypto trading app to Voyager. Despite ongoing bullish movement in crypto markets, Circle continues to sell off wings of its business. Circle, a Goldman Sachs-backed crypto startup that launched USD-pegged stablecoin USDC, has agreed to sell its digital asset investment app Circle Invest…
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Forbes recently released its top 50 fintech companies for 2020, showing six blockchain and Bitcoin companies among the listed firms. Forbes released its Fintech 50 list this week, which included six blockchain companies among the media outlet’s compilation of top financial technology companies. Carrying a “Blockchain and Bitcoin” category tag, Forbes listed Axoni, Chainalysis, Coinbase,…
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Coinbase Pro has launched 3x margin trading once again after removing the feature several years ago. Coinbase Pro, the cryptocurrency trading platform arm of U.S.-based exchange Coinbase, has unveiled 3x margin trading for select customers. “Our leverage multiple is based on market analysis,” a Coinbase spokesperson told Cointelegraph in an email. “We are rolling this out…
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Blockstack announced Proof of Transfer, a new consensus algorithm for blockchains that uses Bitcoins to secure a network directly, instead of electricity. Blockstack unveiled a novel consensus mechanism for piggyback blockchains called Proof of Transfer (PoX) on Feb. 6. Instead of relying on its own proof of work, miners under PoX commit Bitcoin (BTC), which…
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The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances. Another major financial institution has partnered with blockchain-based payments firm Ripple. The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances, according to a Feb. 11 report…
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Two Crypto traders are optimistic on recent market price moves, with possible further upside to come. Beginning a rally at the start of 2020, Bitcoin (BTC) and the rest of the crypto market continue to fly upward, showing little signs of slowing down. The “crypto market is hot right now, and what stands out to…
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CME’s chief economist said he now sees Bitcoin as a portfolio hedge, which is a thought train Anthony Pompliano has led for years. Mainstream financial entities are beginning to see Bitcoin (BTC) as a non-correlated asset, a concept Morgan Creek Digital Co-founder Anthony Pompliano has been promoting for over a year. “If Bitcoin is not…
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JPMorgan Chase, the U.S.’ largest bank, is reportedly considering merging its in-house blockchain unit Quorum with Ethereum-focused firm ConsenSys. The blockchain world may soon be seeing a major merger with the traditional financial sector. JPMorgan Chase, the United States’ largest bank, is reportedly considering merging its in-house blockchain unit Quorum with major Ethereum-focused firm ConsenSys.…
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ConsenSys is launching a new crowdfunding platform that focuses on jumpstarting a dedicated community, with Skale Network being its inaugural launch partner. Activate is making its inaugural token launch with Skale Network, according to a Feb. 11 press release. Activate is a token launch platform developed by ConsenSys Codefi, which seeks to jumpstart the actual…
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