Coinbase’s CEO Announces $1 Billion In Crypto Being Managed By Custodial Service Coinbase Custody has had 70 institutions sign up for their service. Coinbase Pro’s trading volume is predominantly generated by institutions. The Coinbase Custody exchange service only launched about 12 months ago, but it has already had plenty of success. According to CEO Brian Armstrong, the service already has $1 billion in assets under management (AUM). During the Consensus 2019 event, Armstrong spoke at an on-stage discussion when he was asked by Paul Viga, the moderator of the panel and a reporter for the Wall Street Journal, about institutional involvement in cryptocurrency. Armstrong stated that the custodial platform, was launched a year ago, and they’ve already had 70 institutions sign up with them. There’s $150 million AUM being added each month, which Armstrong considers a success. However, Armstrong was quick to note that the institutions are not just around to leave their funds sitting idly
Telecom powerhouse AT&T has tied up with crypto payment processor BitPay to allow customers to use cryptocurrency to pay their bills, as per a public announcement, 23 May, 2019. This a major step to adoption as it marks the first instance of a major American company tying up with BitPay.…
Social media giant Facebook plans to launch its own payments-focused cryptocurrency “Globalcoin” in 2020.
Chinese citizens are legally allowed to hold Bitcoin, no punishment from the government will follow
The asset is considered one of the most liquid, leading to a decision to open the fund to small-scale investors.
Facebook aims to start testing its GlobalCoin cryptocurrency by year-end; Grayscale gets the nod to publicly quote eligible shares of Grayscale Ethereum Trust (ETHE); and Coinbase opens up trading of the Dai stablecoin to all customers.
iSTOX, a Singapore Exchange-backed security token platform, has joined a regulatory sandbox set up by Singapore’s central bank.
A big investment in Proxicoin promises that it will offer new investment opportunities to film, TV and music fans.
Facebook is planning to launch its cryptocurrency named ‘GlobalCoin’ in a dozen countries by the first quarter of the next year in 2020. Furthermore, the social media giant plans to test the cryptocurrency by the end of this year.
Ethereum co-founder Vitalik Buterin proposed a solution to improve the privacy of the network. His ‘minimal mixer design’ could send fixed quantities of ETH from one account to another without the link being visible on-chain.
Apple tops Forbes’ annual look at the world’s most valuable brands for the ninth straight time. The brand of the tech giant is worth $205.5 billion, up 12% over last year.
Will Facebook cryptocurrency GlobalCoin be the catalyst to mass adoption propelling cryptocurrency usage from 30 million to 2.4 billion? Maybe, but several concerns remain. Facebook Quietly Planning Killer App If one thing was notable about Facebook and cryptocurrency this time last year, it was the platform’s hostility towards it. In January 2018, the social media …
Warner Brother’s exec Ryan Kavanaugh is planning to launch a security token for his studio, Proxima Media, after receiving $100 million in funding, according to a press release. The token, dubbed Proxicoin, will serve as a new tool for funding media, including film, TV and music projects and is backed by the Central Wealth Group …
By CCN: Throughout the past three years, the bitcoin price has demonstrated relatively large pullbacks averaging 30 percent following a large upside rally. https://twitter.com/Josh_Rager/status/1131039202286755845 Every pullback, however, was followed up with an average gain of more than
Binance coin has set a new record by trading volume on May 21. The path BNB has made is incredible: it has climbed from 19th to 7th place in coins ranking by Market Cap in a year only.