Tuesday, April 23Your Daily Bitcoin & Altcoin News Portal
BlockFi Now Has Over $53 Million in Client Crypto Under Management

BlockFi Now Has Over $53 Million in Client Crypto Under Management

BITCOIN
Please share if you find this article interesting. BlockFi Now Has Over $53 Million in Client Crypto Under Management BlockFi crypto wealth management and lending company now has over $53 million in client crypto assets under management. BlockFi announced the update in a blog post on April 23. In the announcement, BlockFi also states that it will implement some policy changes starting from May 1, 2019. Specifically, the company says that the minimum deposit to earn interest has been lowered. Bitcoin (BTC) balances of 0.5 BTC and more will begin earning interest on their deposits, while ethereum (ETH) deposits up to 250 ETH will earn 6.2% annual percentage yield (APY). BlockFi has previously amended some of its policies. In March, the company lowered the interest rates for its big...
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Over $100 Million Missing: CoinBene Claims Maintenance, a Month of Questions Point Toward a Hack

Over $100 Million Missing: CoinBene Claims Maintenance, a Month of Questions Point Toward a Hack

BITCOIN
Please share if you find this article interesting. Over $100 Million Missing: CoinBene Claims Maintenance, a Month of Questions Point Toward a Hack Remember CoinBene, the cryptocurrency exchange platform that denied being hacked at the end of March 2019, and instead saying it was undergoing maintenance? Well, it turns out the platform is still under maintenance, or so the company says. Meanwhile, Cointelegraph has received exclusive details from stakeholders reportedly affected by the situation. These reports, for the most part, were only discussed on social media platforms like Twitter and Telegram but have yet to make an appearance on the cryptocurrency news circuit — until now. The CoinBene saga — timeline of events On Monday (March 25, 2019), there were massive outgoing trans
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Credit Suisse Exec Says Bank Culture Holds Back Adoption of Blockchain

Credit Suisse Exec Says Bank Culture Holds Back Adoption of Blockchain

BITCOIN
Please share if you find this article interesting. Credit Suisse Exec Says Bank Culture Holds Back Adoption of Blockchain Head of digital market assets at Credit Suisse, Emmanuel Aidoo, said that the desire among financiers to maintain the status quo is holding back the adoption of blockchain technology, Business Insider reported on April 23. In an interview with Business Insider, Aidoo said that banks’ unwillingness to adopt blockchain lies in culture within banks, and has nothing to do with the technology’s immaturity or a lack of potential use cases within financial organizations. Aidoo said: "What is preventing the banking industry from rushing into it? I think it's mostly culture. I think the tipping point is about having an entrepreneurial culture, a willingness to push pe
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Coinbase Closes Chicago Office and Scales Down Work on Matching Engine

Coinbase Closes Chicago Office and Scales Down Work on Matching Engine

BITCOIN
Please share if you find this article interesting. Coinbase Closes Chicago Office and Scales Down Work on Matching Engine Major United States-based cryptocurrency exchange Coinbase shut down its Chicago office and scaled down the development of its matching engine, Fortune reports on April 23. Per the report, the exchange will consolidate the high-frequency trading matching engine efforts into its San Francisco office. Coinbase also purportedly laid off about 30 employees and will relocate some to the area of the other office, while others will work remotely. According to local news site Chicago Inno, when the company announced the opening of the Chicago office in May last year, it planned on hiring 100 people over three years, most of whom were going to be engineers. The office ...
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Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year – Bitcoin News

Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year – Bitcoin News

BITCOIN
Please share if you find this article interesting. Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year - Bitcoin News Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over the last year. Also read: Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings South Korean Crypto Investors Increase Holdings The South Korean news outlet Arirang Daily News revealed the results of a new survey conducted by the Korea Financial Investment Association (KOFIA). The self-
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Bitcoin Price Could Fall Back Despite Impressive Session Gains: Analyst

Bitcoin Price Could Fall Back Despite Impressive Session Gains: Analyst

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Price Could Fall Back Despite Impressive Session Gains: Analyst The Bitcoin Price Inside a Rising Wedge | Source: Crypto MichaëlMichaël showcased the bitcoin price trending inside a rising wedge pattern. Technically, it is a bearish pattern that begins wide at the bottom but starts contracting as the asset price moves upward. As the trading range narrows, the volume also starts declining. And, at the apex, the asset price breaks to the downside accompanied by a sudden surge in volumes. Michaël highlighted similar rising wedge formations via bitcoin’s recent price behaviors (boxes).“The longer we keep on hanging here, the more meh it’s going to be,” the analyst stated. “I [really] want to see follow up volume. However, we’
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WSJ: Japanese Billionaire SoftBank Founder Lost $130 Million on Bitcoin Investment

WSJ: Japanese Billionaire SoftBank Founder Lost $130 Million on Bitcoin Investment

BITCOIN
Please share if you find this article interesting. WSJ: Japanese Billionaire SoftBank Founder Lost $130 Million on Bitcoin Investment Japanese billionaire and founder of multinational conglomerate SoftBank Group, Masayoshi Son, reportedly lost over $130 million with his bitcoin (BTC) investment, the Wall Street Journal reports on April 23. Per the report, people familiar with the matter claim that Son made the investment at the recommendation of Peter Briger, the co-chairman of asset management company Fortress Investment Group. Fortress Investment reportedly bought bitcoin in 2013; when SoftBank bought Fortress in February 2017, its holdings (including crypto) were worth more than $150 million. However, Son reportedly invested in the coin when it was near its $20,000 all-time-hi...
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University of Nevada, Reno Develops Driverless Vehicle Blockchain Tech With IoT Firm

University of Nevada, Reno Develops Driverless Vehicle Blockchain Tech With IoT Firm

BITCOIN
Please share if you find this article interesting. University of Nevada, Reno Develops Driverless Vehicle Blockchain Tech With IoT Firm A project at the University of Nevada, Reno is developing a new blockchain-powered autonomous vehicle project, according to a press release published on April 23. The Intelligent Mobility project, coordinated by the University of Nevada, Reno and the Nevada Center of Applied Research (NCAR), has chosen enterprise blockchain and Internet of Things (IoT) firm Filament to develop an autonomous vehicle smart city project. According to the press release, the new blockchain-enabled initiative is designed to improve safety and communication between driverless connected cars and the surrounding infrastructure. Carlos Cardillo, director of the Nevada Cent...
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Paytomat Enables Merchants to Accept 18 Cryptocurrencies In-Store – Bitcoin News

Paytomat Enables Merchants to Accept 18 Cryptocurrencies In-Store – Bitcoin News

BITCOIN
Please share if you find this article interesting. Paytomat Enables Merchants to Accept 18 Cryptocurrencies In-Store - Bitcoin News Accepting cryptocurrency payments in your store doesn’t require specialist hardware or complex integration – Paytomat is proof. The crypto payment gateway enables merchants to accept 18 cryptocurrencies including BCH using their existing equipment. To date, hundreds of brick and mortar stores across four continents have added crypto support using Paytomat. Also read: Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% Hassle-Free Crypto Payments at the Point of Sale Over the last two years, Paytomat has quietly been making a name for itself as an accomplished crypto PoS solution. From its base in Europe, the company has spread its wing
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IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight

IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight

BITCOIN
Please share if you find this article interesting. IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight The custodians of global financial order have been prominent in crypto news recently. The weekend kicked off with the announcement of the International Monetary Fund (IMF) joining forces with the World Bank to launch a private blockchain coupled with a “quasi-cryptocurrency” for training purposes, then continued with the Spring Meetings of the two organizations’ Boards of Governors in Washington, D.C., which ran throughout the whole week. Although it would be an overstatement to claim that distributed ledgers were particularly conspicuous on the forum’s overall agenda, the program included a series of fintech workshops, as well as at least a couple o