Here’s something you don’t see every day. A standard financial institution is backing crypto. J.P. Morgan – arguably one of America’s biggest banking firms – has announced its support for cryptocurrency exchanges like Coinbase and Gemini in New York.J.P. Morgan Is A Huge AdvocateThis is a major step forward in the right direction, and sure to make cryptocurrency far more mainstream and legitimate. It also represents a huge change for the CEO of the bank Jamie Dimon, who in the past, has often...
Read More »Changpeng Zhao: Bitcoin Use Is About to Explode
The past few weeks have been relatively up and down for bitcoin, the world’s number one digital asset by market cap, but for Changpeng Zhao – CEO of Binance, the most popular and largest crypto exchange across the globe in terms of volume – the good news is just getting started for BTC.Changpeng Zhao Thinks Use Will Increase for BTCDuring the last few months, there has been serious hype surrounding the bitcoin halving, which occurred roughly 48 hours ago. For the most part, the leadup to the...
Read More »Coinbase Experiences Its Second Temporary Shutdown in Two Weeks
The bitcoin crash that occurred roughly 24 hours ago has caused Coinbase – a popular cryptocurrency exchange – to experience a brief period of inactivity before finally restoring its services later in the day.Coinbase Crashes for the Second Time in WeeksThis marks the second time the trading platform has crashed in the last two weeks. The first occurred when bitcoin first rose into the high $9,000 range and gained virtually $1,000 overnight. At that time, the exchange was experiencing such...
Read More »Cascadia Paves the Way for Crypto to Fiat Payments
Cascadia Blockchain Group Corp. in Vancouver has announced that it has developed a new payment system that would allow for crypto to fiat transactions.Cascadia Empowers Crypto to Fiat PaymentsThe entire payment platform would be powered through debit cards, which would contain the fiat currency that has come from the digital coins in question. Once digital coins are transformed into fiat, they are stored on cards that the customers keep in their wallets. They can then be used for purchasing...
Read More »Binance Praises Libra, Says It Will Revolutionize Payments
Binance – the world’s largest and most popular cryptocurrency exchange by trading volume – has issued a new report praising Libra.Libra Gets Touted by a Major ExchangeThe exchange refers to Libra as a “gamechanger” in the payments industry and believes that it could potentially bring financial services to people who would otherwise always be cut out by banks and traditional finance institutions. The report explains:It is important to note that there are very few payment systems, and most of...
Read More »Bitcoin Trading Is Booming on Exchanges Like Coinbase
Bitcoin is on the rise, and according to new evidence, the reason may be due to increased buying on cryptocurrency exchanges like Coinbase.Coinbase Is Bursting with BTC TradesBitcoin is trading for just shy of $8,900, though last week, it briefly shot up to the mid-$9,000 range. While originally it was believed that buying activity had increased on derivatives platforms, some analysts believe purchases on spot crypto exchanges may be the real “culprit” behind bitcoin’s meteoric...
Read More »Crypto Trading Platforms All Want Unique Blockchains
Several cryptocurrency exchanges are looking to build their own blockchains, which means that somewhere down the line, we’re likely to see the birth of several crypto exchange-birthed tokens.Exchanges Are Making Their Own BlockchainsSome trading platforms have already made this goal a reality. Binance, for example, is the largest and most popular cryptocurrency exchange by volume. The asset trading company has given rise to both Binance Coin (BNB) and Binance USD (BUSD), which is the...
Read More »Yele Bademosi: Blockchain Will Give People the Financial Power They Need
Yele Bademosi is the 29-year-old director of a venture capital firm known as Bundle. A division of Binance – the world’s largest and most popular cryptocurrency exchange by daily trading volume – the venture is based in Africa, which appears to be a growing hub for cryptocurrency activity.Bademosi: Using Blockchain to Help OthersAmong the most recent “African adventurers” touting crypto include Jack Dorsey, who stated a few months ago that he would spend anywhere between three and six months...
Read More »Hackers Show Heart as Lendf.me Gets Its Stolen Crypto Back
It’s rare when a black hat hacker fixes the wrongs that he or she commits. It’s even rarer when they return the money they’ve stolen, but that appears to be the case this time around. Recently, Live Bitcoin News reported that roughly $25 million was stolen from Lendf.me, though now it appears that money has been returned.Lendf.me Gets Its Money BackLendf.me is part of a larger organization called DForce. The company recently earned more than $1.5 million in seed funding led by Multicoin...
Read More »Uniswap and Lendf.me Are the Latest Crypto Exchanges to Be Compromised
It’s happened again, folks. Another cryptocurrency theft is in the books. This time, the victims are the Uniswap exchange and the Lendf.me lending platform, both of which are reporting combined total losses of more than $25 million.Uniswap and Lendf.me Have Been CompromisedCryptocurrency theft is nothing new, but what’s arguably the most frustrating about stories like these is that while many companies and organizations in the industry are seeking to improve their security protocols, hackers...
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