Tag: Business

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Coinbase Exploring Support for 18 New Digital Assets

Coinbase has announced the exchange is exploring support for 18 new digital assets including VeChain, Synthetix and DigiByte. The largest cryptocurrency exchange in the United States is considering offering support for a variety of new digital assets. According to a June 10 blog post from Coinbase, the exchange is exploring support for Aave (LEND), Aragon…
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Bitmain Struggle Continues as Ousted CEO Reportedly Halts ASIC Deliveries

Bitmain’s operations in Shenzhen are reportedly being disrupted as Micree Zhan forbade shipment of mining devices following his recent takeover of the Beijing office. After physically taking over the Beijing Bitmain office, ousted CEO Micree Zhan is reportedly regaining control and is blocking the delivery of Bitmain products from its Shenzhen factory. According to sources…
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Bitcoin Options Open Interest Rises 50% in a Month to Hit $1.5 Billion

Just over a month since open interest in Bitcoin options hit a record high of $1 billion, the latest figures show that it has increased 50% to break $1.5 billion. According to the latest data from market analysis company Skew, total open interest in Bitcoin (BTC) options passed $1.5 billion on June 9. This comes…
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Bitfury to Launch Bitcoin Mining Fund for Institutional Investors in Japan

Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month. Bitfury, a cryptocurrency mining and blockchain development firm, is planning to launch a Bitcoin (BTC) mining fund in Japan in July. Katsuya Konno, the head of  Bitfury Japan, confirmed the development with Cointelegraph…
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South Korea’s NH Bank Forms Blockchain Financial Services Consortium

The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium. South Korea’s NH NongHyup Bank has announced a new consortium with a local law firm and a blockchain laboratory to jointly develop digital asset-based financial services. According to the Korea Herald on…
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Analyst Snickers at Those Who Invest in Gold but Not Bitcoin

According to crypto analyst Willy Woo, a $1 investment in Bitcoin a decade ago would be enough to retire on, while the price of gold has barely moved. An investor who put $1 into Bitcoin a decade ago would have enough money to buy a luxury yacht — but those who invested the same amount…
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Australians, New Zealanders Can Now Use Bitcoin in Vending Machines

Vending machines operated by major Asia Pacific soft drink bottler and distributor Coca-Cola Amatil will now be accepting payments in crypto. Vending machines operated by major Asia Pacific soft drink bottler and distributor Coca-Cola Amatil will now be accepting payments in crypto. The development follows a new deal with digital asset platform Centrapay, announced on…
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ConsenSys Starts Compliance Service Focusing on DeFi

Joseph Lubin’s firm ConsenSys is entering the compliance market with the launch of a service for DeFi projects on the Ethereum network. Ethereum co-founder Joseph Lubin’s firm ConsenSys is releasing a compliance service to keep an eye out on transactions conducted by DeFi companies and exchanges trading tokens issued on Ethereum. According to a Bloomberg…
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Japanese Home Builder Using Blockchain to Simplify Rental Contracts

Japan home builder Sekisui House is utilizing blockchain technology to move it closer to one-stop leases for rental properties. In Japan, one of the biggest home builders is making preparations for its contracts on certain rental homes to go on the blockchain. According to an announcement posted to the company’s website on June 8, Sekisui…
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CoinMarketCap Users Are Calling Out the Latest Exchange Rankings

The community is taking issue with the fact that BitMEX is ranked 175th by CoinMarketCap, but other derivatives platforms are not properly ranked as well. Following the latest CoinMarketCap update which introduced the “Confidence factor” to rank exchanges, users are taking issues at perceived injustices against popular platforms. A pseudonymous Twitter user going by the…
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