Blockchain 

Rakuten Launches Cryptocurrency Exchange for Customers

Rakuten has begun accepting applications for accounts for its anticipated cryptocurrency exchange called “Rakuten Wallet.” The company announced that pre-registration is available for customers with Rakuten Bank, but further details as to whether the service will be available for everyone has not yet been revealed. The company previously stated that the crypto exchange will commence business in June 2019 and it will come with a mobile app that allows trading of crypto assets. New Crypto Exchange for Customers Rakuten had a revenue of $9 billion in 2018, and the decision…

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Blockchain 

Proof of Capital | A New Blockchain Venture Fund Worth $50 Million

A new blockchain-focused venture capital fund called Proof of Capital has been established by a group of investors. The aim of the $50 million USD fund is to encourage further adoption of blockchain technology. Blockchain Venture Fund: Proof of Capital The new fund has been founded by three partners: Phil Chen, Chris McCann, and Edith Yeung. It will invest in early-stage startups that are involved in blockchain technology. The group has highlighted various areas of the blockchain ecosystem that it is looking to back, including remittances, custody, wallets, security, and…

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Blockchain 

India’s Unocoin Left with 14 Employees, Struggling to Stay Afloat

Unocoin, a leading crypto exchange in India, is struggling to stay afloat. Why? Because India has promulgated a law banning cryptocurrency-related trading in the country. So why is Unocoin sticking around? There are 14 employees left at Unocoin, after the exchange shaved off 86% of its workforce. The exchange is trying to recover its huge losses and compete in the commercial market again. Legal Action The famous Unocoin suffered this setback due to legal action taken against one of its daring moves. In the year 2018, the founder members of the…

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Blockchain 

France’s Crypto Regulations | Finance Minister Wants Whole EU Adoption

This week, some are focusing on the recent fire that broke out in Notre-Dame cathedral, while others are looking at Bruno Le Maire, the French Finance Minister. According to Le Maire, EU member states should implement the same crypto regulations the French parliament approved last week. Here’s what we know. French Crypto Regulations are Key, According to Le Maire Last week, France’s parliament approved a law called the Pacte (Action Plan for Business Change) law, which pertains to cryptocurrencies. The law also deals with other business plans. According to Reuters, the…

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Blockchain 

SBI Delists Bitcoin Cash | Keeps Support for Bitcoin SV

In a potentially rebellious move, major Japanese financial services company, SBI Holdings, announced it is delisting Bitcoin Cash (BCH) from its digital currency exchange. Let’s check this out. SBI Delists Bitcoin Cash (BCH) Yesterday, we covered the controversy surrounding the delisting of Bitcoin SV (BSV). Specifically, the world’s largest cryptocurrency exchange, Binance, announced yesterday that it will delist this crypto effective April 22nd. The move comes as a retaliation against the actions of BSV creator Craig Wright (more on that to follow). But today, tables are turning somewhat as major Japanese…

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Blockchain 

Facebook Set to Launch Its Own Cryptocurrency Coin

In 2018, and early this year, Bitcoin experienced a bearish market that riled the interest of several parties and social media companies such as Facebook. As a result, Facebook has since entered the blockchain space with its own cryptocurrency known as FBCoin. FBCoin and WhatsApp Users “FBCoin” is an unofficial name for the crypto asset that the social media giant has designed for its users. Facebook intends to unveil the technology to billions of its users, along with the real name. Besides Facebook, several technology companies have acknowledged the potential…

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Blockchain 

Bitcoin SV Delisted from Binance Amid Craig Wright Controversy

One of the largest crypto exchanges in the world, Binance, has delisted Bitcoin SV (BSV), it announced earlier today. The move comes after a week of controversy surrounding the cryptocurrency’s founder Craig Wright. Bitcoin SV Earlier today, the world’s largest crypto exchange by market volume announced it will be delisting all BSV trading pairs on April 22nd. It will continue to support BSV withdrawals, however, until July 22nd. Binance CEO, Changpeng Zhao (CZ), first threatened the move last week. It came after Wright attacked several Twitter users who said he is…

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Blockchain 

Coinbase Executive Leaves | 3 Major Departures in 6 Months

According to reports, Coinbase executive Dan Romero is stepping away from his role as vice president of international business. His departure will bring the number of executives to leave the company in the last six months to three. Another Coinbase Executive Leaves Romero announced in a Medium post earlier today that he will be leaving the crypto exchange at the end of April. He joined Coinbase in April 2014. The Coinbase executive didn’t give a specific reason for his departure but simply said he was “planning to take some time to…

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Blockchain 

Bakkt Hires PayPal and Google Veteran as Chief Product Officer

Bitcoin futures exchange Bakkt has a new chief product officer. Announced via Medium earlier today, the exchange has added Mike Blandina to its team. Bakkt Hires New CPO In previous years, Blandina has worked at PayPal where he served as head of payments and credit engineering. He has also been director of engineering for Google Wallet. In most recent years, Blandina was chief technology officer and product and engineering at OneMarket. CEO of Bakkt Kelly Loeffler wrote in the blog post: “As our CPO, Mike will lead our efforts to…

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Blockchain 

Coinbase Card | Now You Can Spend Your Crypto Instantly

The Coinbase card is looking to make cryptocurrencies easier to pay with. Over a long time, Bitcoin and other cryptocurrencies such as Litecoin, Ethereum, and Ripple’s XRP have been criticized that they are hard to use and spend in the real world compared to fiat currency. Last week, the price of Bitcoin surged to $5,000, but due to its volatility and instability, BTC is still not considered the best means of payment. Bitcoin is thus considered to be a store of value just like gold instead of being an exchange…

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