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“# As Bitcoin rises above $41K, can Coinbase keep up with the rally? ” Coinbase is under the microscope as the Bitcoin price surged past $41,000 following a minor retrace after topping $40,000 on Thursday. The United States-based crypto exchange is known for experiencing serious connectivity issues during periods of peak trading activity. Indeed, these…
“# Coinbase acquires trading execution platform Routefire ” Major cryptocurrency exchange Coinbase has acquired the Routefire platform for enhanced trade execution. In a Jan. 7 blog post, Routefire CEO Jason Victor announced that the team would now be developing its execution services for Coinbase, while thanking users for their support over the last three years….
“# Judge reverses own ‘mistaken’ dismissal of Overstock lawsuit ” A Utah federal judge has reversed his own dismissal of a class-action lawsuit against online retailer Overstock that alleges it manipulated the market by issuing a security token “Digital Dividend” to shareholders last year. On Jan. 6, Judge Kimball reversed his previous decision to dismiss…
“# Bakkt may go public through rumored $2B merger ” Bakkt, the cryptocurrency trading platform majority-owned by Intercontinental Exchange, is rumored to be deep in discussions to go public through a merger with VPC Impact Acquisition Holdings. On Jan. 7, Bloomberg published a story citing anonymous sources “with knowledge of the matter” who claimed Bakkt…
“# Ripple CEO answers 5 key questions about the SEC lawsuit ” Ripple CEO Brad Garlinghouse has revealed the firm unsuccessfully attempted to settle its securities violation lawsuit with the SEC, and slammed the “regulatory chaos” around cryptocurrencies. I’m not going to litigate the SEC’s unproven allegations on Twitter, and as you can imagine, there…
“# Tesla’s crypto-friendly CEO is now the richest man in the world ” Elon Musk, CEO of SpaceX and Tesla, has surpassed the net worth of Amazon founder Jeff Bezos. “Elon Musk has become the world’s richest person, as his net worth crossed $185bn (£136bn),” the BBC reported on Thursday. The futuristic businessman gained staggering…
“# Visa-backed Bitcoin startup to launch Lightning-based global payments app ” Zap, a Lightning Network payments startup backed by Visa through its Fintech Fast Track program, announced on Jan. 6 the rollout of Strike Global, a payments and remittances app using the Bitcoin (BTC) layer-two technology. An announcement by CEO Jack Mallers goes in-depth into…
“# Report: Major gaming conglomerate Nixon prepares to acquire Bithumb ” After a troubled few months, crypto exchange Bithumb looks like it’s set on turning over a new leaf through an acquisition by one of South Korea’s top gaming firms. South Korean media reported on Jan. 7 that Nexon, a multi-billion dollar gaming conglomerate, has…
“# Bitcoiner loses almost $100K of BTC in wallet transfer bungle ” A Redditor has issued a warning to “overconfident” HODLers after losing the password to their crypto wallet by not acting cautiously enough. A Bitcoiner with the username Onnar posted they had lost access to 2.6 Bitcoin (BTC) — roughly $96,400 at the time…
“# Dfinity quietly launched the ‘Internet Computer’ mainnet last month ” After several years of research and development and numerous breakthroughs in cryptography and computer science, Dfinity launched the mainnet of its “Internet Computer” on Dec. 18. The Internet Computer promises to be the first blockchain computer running at web speed with unbounded capacity. It…