Monthly Archives: February 2020

Millions of Online Retailers Can Now Accept DAI on Coinbase Commerce

Millions of Coinbase Commerce merchants can accept stablecoin Dai as payment method. Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, has added MakerDAO’s DAI stablecoin as a supported payment method this week.  This integration will let merchants around the world accept the USD-pegged stablecoin as payment for goods and services without Coinbase Commerce taking any extra fees. Merchants can add a “pay with crypto” button to their checkout process, or choose to accept DAI only. Shop owners can also currently earn a DAI savings […]

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South Korea Commits $16M to Training Future Digital Finance Experts

The South Korean government is going to invest $16 million in training more digital finance experts in the coming four years. The Korean financial services commission and the Seoul metropolitan government have announced plans to invest $16 million in training digital finance experts for four years on Feb. 12. The application period to win the associated glands is March 4-6. Details of the new program The FSC explained that the demand for specialists in financial technology is increasing. The program aims to ensure educational opportunities for the […]

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Authorities Arrest Ohio Man for Laundering $300M in Crypto on the Dark Web

Authorities have taken an Ohio resident into custody for allegedly laundering $300 million in Bitcoin as part of a Dark Web tumbler service. Authorities recently took an Ohio local into custody recently for accusations of running an unlawful money laundering outfit on the Dark Web.  The alleged operator of an illegal business called Helix, Larry Harmon faces accusations of money laundering and running a money transference venture without proper licensing, the Department of Justice, or DoJ, detailed on Feb. 13.  Harmon ran Helix for years The 36-year […]

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$10K Bitcoin Prompts Influencers to Call a Bull Market

Cryptocurrencies have gained significant value over the last few weeks and it’s causing exuberance among digital currency proponents. Now a number of traders and influencers believe bitcoin and other coins are in bullish territory. Despite the surge to $13K last July and the deep pullback that followed, BTC investors and influencers have no issue believing that crypto is on the threshold of another bull market. Also read: XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion Coins ‘Calling the Bull’ Is a Bold […]

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Poloniex Platform Masters Russian Language After Leaving US Market

Poloniex introduces “partially localizedâ€� version of Poloniex for Russian speaking users on its platform. Russia is apparently becoming a more attractive market for cryptocurrency firms as another major crypto platform is adding Russian language support. Poloniex, a popular crypto exchange originally based in the United States, has begun adding the Russian language on its platform just three months after leaving the U.S. market. Announcing the news in a Feb. 13 blog post, Poloniex said that it had started introducing a “partially localized” version of Poloniex for Russian […]

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Anthony ‘Pomp’ Pompliano Suspended From Twitter

Co-founder of Morgan Creek Digital and noted crypto advocate Anthony Pompliano has been suspended from Twitter. As of press time on Feb. 13, the Twitter account of the co-founder of Morgan Creek Digital and noted crypto personality Anthony Pompliano has been suspended. Pompliano, known to the crypto community as “Pomp,” is a noted supporter of cryptocurrency assets in general and Bitcoin in particular. Earlier this week, he predicted that BTC’s price was already en route to $100,000.  No explanation has been provided at this time. However, this […]

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Crypto Lending Firm BlockFi Secures $30M to Facilitate Mainstream Adoption

Cryptocurrency-lending startup BlockFi has secured $30 million from an array of investors, including Morgan Creek Digital, Winklevoss Capital and Arrington XRP Capital. Cryptocurrency-lending startup BlockFi has secured $30 million from an array of investors, including Morgan Creek Digital, Winklevoss Capital and Arrington XRP Capital. The Series B funding round was led by United States-based capital fund Valar Ventures, with participation of Akuna Capital, CMT Digital, Avon Ventures, Castle Island Ventures, Purple Arch Ventures, Kenetic Capital, and Hong Kong-based HashKey Capital, among others, according to a Feb. 13 […]

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Coinbase Fails to Top CryptoCompare’s Exchange Rankings due to 2019 Flash Crash

Coinbase misses the number one spot among platforms on CryptoCompare’s new Exchange Benchmark due to a 2019 Bitcoin price glitch. Coinbase, one of the most popular platforms in the United States, missed out on the number one spot in a ranking of crypto exchanges due to a 2019 Bitcoin (BTC) price glitch. The major U.S. crypto exchange and wallet service did not get to the top of the latest CryptoCompare’s crypto Exchange Benchmark rankings because its institutional trading arm Coinbase Pro experienced a major Bitcoin price flash […]

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The Four Phases of Decentralized Finance

Decentralized finance, commonly referred to as DeFi, has changed dramatically in a short time span, and more changes are to come this year. Newcomers to decentralized finance, or DeFi, would be hard-pressed to believe how much the industry has grown, changed and matured in just over a year. At the end of 2018, Maker returned to the scene with relaunched tooling and a buzzy investment from the experts at Andreessen Horowitz. Compound Finance launched around the same time, offering money markets for Ethereum-based assets and has also […]

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IOTA Foundation Investigates Funds Allegedly Stolen From Trinity Wallets

The IOTA Foundation announced an investigation into reported IOTA thefts, possibly linked to the Trinity wallet. The IOTA Foundation has put out a warning regarding IOTA (MIOTA) coin wallet Trinity, and its association with stolen funds.  After multiple IOTA holders reported missing coins, the IOTA Foundation announced the suspension of its network node, called the Coordinator, while the entity explores the situation, a Feb. 13 IOTA status update said.  IOTA runs on the tangle, not blockchain A major player in the 2017 bull run, IOTA stood out […]

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