Channel: Crypto Yoda
💥Starbucks Unveils Key Detail about its Secretive Bitcoin Strategy
The company told The Next Web that rather than accept crypto directly, it will create more ways for customers to convert bitcoin and other assets into fiat, which can then be used at their stores (emphasis added):
“Our role as the flagship retailer for Bakkt is to consult and develop applications for customers to convert their digital assets into US dollars, which can then be used in our stores. We anticipate that a range of cryptocurrencies will gain traction with customers and, through our work with Bakkt, we will be uniquely positioned to constantly consider and offer customers new and unique ways to pay seamlessly, at Starbucks. As we continue to move forward with this work, we anticipate we’ll have more to share in the coming months.”
So, some type of gift card situation is what’s brewing at Starbucks. Some kind of Bakkt-powered seamless payment platform seems possible. As regards the Seattle-based coffee giant, however, the notion of a Bitcoin QR code at checkout seems far-fetched.
The company told The Next Web that rather than accept crypto directly, it will create more ways for customers to convert bitcoin and other assets into fiat, which can then be used at their stores (emphasis added):
“Our role as the flagship retailer for Bakkt is to consult and develop applications for customers to convert their digital assets into US dollars, which can then be used in our stores. We anticipate that a range of cryptocurrencies will gain traction with customers and, through our work with Bakkt, we will be uniquely positioned to constantly consider and offer customers new and unique ways to pay seamlessly, at Starbucks. As we continue to move forward with this work, we anticipate we’ll have more to share in the coming months.”
So, some type of gift card situation is what’s brewing at Starbucks. Some kind of Bakkt-powered seamless payment platform seems possible. As regards the Seattle-based coffee giant, however, the notion of a Bitcoin QR code at checkout seems far-fetched.
🌏️️️Billionaire Eugene Kaspersky: World Isn’t Ready for Bitcoin Yet
Kaspersky says he believes that digital currencies will eventually overtake paper money in the future. However, he thinks that will require a new world order, where there’s a single government instead of the many different nation-states that we have today.
“Cryptocurrencies are a great idea, but the world is not ready for them yet. The world must be united if we want to have encrypted currencies. At the moment, governments will want to control them.”
Moreover, Kaspersky believes it could take another century for mass crypto adoption. And then even, the Russian mathematician does not believe that bitcoin will replace the entrenched legacy financial system that’s in place today.
Kaspersky says he believes that digital currencies will eventually overtake paper money in the future. However, he thinks that will require a new world order, where there’s a single government instead of the many different nation-states that we have today.
“Cryptocurrencies are a great idea, but the world is not ready for them yet. The world must be united if we want to have encrypted currencies. At the moment, governments will want to control them.”
Moreover, Kaspersky believes it could take another century for mass crypto adoption. And then even, the Russian mathematician does not believe that bitcoin will replace the entrenched legacy financial system that’s in place today.
➡️Chainalysis Denies Using Traders’ Personal Data
Blockchain surveillance company Chainalysis has issued a report on how it collects and uses cryptocurrency transactional data from its clients. The move came after intense public pressure against Coinbase for acquiring Neutrino brought the issue to the community’s attention. Similar to Elliptic, Chainalysis claims not to use personal data obtained from exchanges during their KYC process.
The company explains that exchanges that use its service for AML compliance submit only their transaction data, not personally identifiable customer data, in order to automate the process of transaction monitoring. So Chainalysis claims to only know that a particular address belongs to a client at a specific exchange, not who the person is.
Blockchain surveillance company Chainalysis has issued a report on how it collects and uses cryptocurrency transactional data from its clients. The move came after intense public pressure against Coinbase for acquiring Neutrino brought the issue to the community’s attention. Similar to Elliptic, Chainalysis claims not to use personal data obtained from exchanges during their KYC process.
The company explains that exchanges that use its service for AML compliance submit only their transaction data, not personally identifiable customer data, in order to automate the process of transaction monitoring. So Chainalysis claims to only know that a particular address belongs to a client at a specific exchange, not who the person is.
➡️Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume
Of the established stablecoins, DAI has recorded the largest number of on-chain transactions, despite comprising one of the smallest stablecoins by market capitalization, with $78.27 million. Over the five-day period sampled by Tradeblock, 10,079 onchain DAI transactions were conducted.
Tradeblock attributes DAI’s relatively large onchain volume to its widespread adoption among decentralized exchanges (DEXs). The report estimates that 350 transactions take place onchain daily, adding that “the Makerdao team behind the DAI token estimates that 50% of the total daily DAI value transferred is occurring on DEXs.”
However, stablecoin trade has since receded, with combined notional year-over-year volume again approaching $5 million towards the end of January 2019.
Of the established stablecoins, DAI has recorded the largest number of on-chain transactions, despite comprising one of the smallest stablecoins by market capitalization, with $78.27 million. Over the five-day period sampled by Tradeblock, 10,079 onchain DAI transactions were conducted.
Tradeblock attributes DAI’s relatively large onchain volume to its widespread adoption among decentralized exchanges (DEXs). The report estimates that 350 transactions take place onchain daily, adding that “the Makerdao team behind the DAI token estimates that 50% of the total daily DAI value transferred is occurring on DEXs.”
However, stablecoin trade has since receded, with combined notional year-over-year volume again approaching $5 million towards the end of January 2019.
➡️Brexit Does Not Stop Bitcoin’s Growth in the UK
The only thing that is certain in the UK right now is uncertainty, and this is causing fluctuations in the stock markets, as the British public awaits the ‘deal or no deal’ Brexit outcome with bated breath.
Despite the tumultuous and unprecedented period of change we are in, the value of cryptocurrency has not stopped growing. From Bitcoin to Ethereum and countless other cryptocurrencies that are now available (well over 1,000, and new ones being created all the time) the cryptocurrency market continues to grow, comparatively unhindered by current ructions in the Eurozone.
While many businesses keep their powder dry and await the Brexit outcome, cryptocurrency and blockchain start-ups achieved record breaking growth in 2018. The UK is currently dominating growth in tech start-ups across Europe, with £2.29 billion in total venture capital, exceeding that of Germany, which had £1.38 billion, and France, which had £1.03 billion.
The only thing that is certain in the UK right now is uncertainty, and this is causing fluctuations in the stock markets, as the British public awaits the ‘deal or no deal’ Brexit outcome with bated breath.
Despite the tumultuous and unprecedented period of change we are in, the value of cryptocurrency has not stopped growing. From Bitcoin to Ethereum and countless other cryptocurrencies that are now available (well over 1,000, and new ones being created all the time) the cryptocurrency market continues to grow, comparatively unhindered by current ructions in the Eurozone.
While many businesses keep their powder dry and await the Brexit outcome, cryptocurrency and blockchain start-ups achieved record breaking growth in 2018. The UK is currently dominating growth in tech start-ups across Europe, with £2.29 billion in total venture capital, exceeding that of Germany, which had £1.38 billion, and France, which had £1.03 billion.
➡️Survey Shows Consumers and Investors Remain Bullish on the Future of Cryptos
It’s been a long crypto winter, but according to a recent survey, consumers and investors are still positive about the long term value of leading cryptocurrencies. Researchers from the FINRA-registered broker Sharespost emphasize that people have recently become more optimistic about digital assets and plan to increase their holdings.
Since December 2017, cryptocurrency holders have been riding a downward rollercoaster, with many wondering when the digital economy will become bullish again. On March 5, researchers from Sharepost disclosed data they recorded from a survey that involved 1,018 consumers and 96 accredited and institutional investors. Sharespost research analyst Alejandro Ortiz remarked that the study involved using Surveymonkey and Amazon Mechanical Turk as well. More than 30 percent of investors surveyed revealed that they owned at least $25,000 in BTC, and 20 percent polled owned a similar amount of ETH.
It’s been a long crypto winter, but according to a recent survey, consumers and investors are still positive about the long term value of leading cryptocurrencies. Researchers from the FINRA-registered broker Sharespost emphasize that people have recently become more optimistic about digital assets and plan to increase their holdings.
Since December 2017, cryptocurrency holders have been riding a downward rollercoaster, with many wondering when the digital economy will become bullish again. On March 5, researchers from Sharepost disclosed data they recorded from a survey that involved 1,018 consumers and 96 accredited and institutional investors. Sharespost research analyst Alejandro Ortiz remarked that the study involved using Surveymonkey and Amazon Mechanical Turk as well. More than 30 percent of investors surveyed revealed that they owned at least $25,000 in BTC, and 20 percent polled owned a similar amount of ETH.
➡️Financial Conduct Authority Next Coin Market Warning
On Wednesday, the Financial Conduct Authority (FCA), a regulatory branch of the UK Government published a notice that refers to suspicions surrounding Next Coin Market, a cryptocurrency trading platform that promises to allow users to trade Bitcoin in a secure manner.
Next Coin Market appear to be operating via a legitimate website under legitimate means, though the FCA believe that Next Coin Market have been using a fake website that declares Next Coin Market is registered by the FCA in order to trap UK investors into purchasing Bitcoin through their platform.
“We believe Next Coin Market is an illegal organisation based in Bulgaria, claiming to be an FCA authorised firm offering cryptocurrencies to UK consumers. We have become aware they are sending consumers a link to a fake website, which gives the impression they are authorised by the FCA, when they are not. This is criminal activity. If you have been approached by Next Coin Market, or another unauthorised firm with a link to our website, please contact us. If you have transferred money to the firm, you should also report your concerns.”
On Wednesday, the Financial Conduct Authority (FCA), a regulatory branch of the UK Government published a notice that refers to suspicions surrounding Next Coin Market, a cryptocurrency trading platform that promises to allow users to trade Bitcoin in a secure manner.
Next Coin Market appear to be operating via a legitimate website under legitimate means, though the FCA believe that Next Coin Market have been using a fake website that declares Next Coin Market is registered by the FCA in order to trap UK investors into purchasing Bitcoin through their platform.
“We believe Next Coin Market is an illegal organisation based in Bulgaria, claiming to be an FCA authorised firm offering cryptocurrencies to UK consumers. We have become aware they are sending consumers a link to a fake website, which gives the impression they are authorised by the FCA, when they are not. This is criminal activity. If you have been approached by Next Coin Market, or another unauthorised firm with a link to our website, please contact us. If you have transferred money to the firm, you should also report your concerns.”
➡️Unexpected Bitcoin Whale: North Korea May Own Millions In Crypto
In a recent U.N. Security Council meeting, a panel of industry experts claimed that North Korea could have upwards of $670 million worth of currencies that isn’t the nation owns. This stockpile purportedly includes cryptocurrencies, presumably like Bitcoin and Ethereum. According to the Nikkei Asian Review, which broke this news, the Security Council’s North Korean sanctions team were informed that digital assets “provide the Democratic People’s Republic of Korea with more ways to evade sanctions, given that they are harder to trace,” and are relatively easy to launder across borders and through individuals deemed suspicious.
On the matter of how North Korea managed to garner the funds, the unnamed researchers claim that hackers associated with the nation broke into a number of crypto exchanges over yesteryear, securing millions in the process.
In a recent U.N. Security Council meeting, a panel of industry experts claimed that North Korea could have upwards of $670 million worth of currencies that isn’t the nation owns. This stockpile purportedly includes cryptocurrencies, presumably like Bitcoin and Ethereum. According to the Nikkei Asian Review, which broke this news, the Security Council’s North Korean sanctions team were informed that digital assets “provide the Democratic People’s Republic of Korea with more ways to evade sanctions, given that they are harder to trace,” and are relatively easy to launder across borders and through individuals deemed suspicious.
On the matter of how North Korea managed to garner the funds, the unnamed researchers claim that hackers associated with the nation broke into a number of crypto exchanges over yesteryear, securing millions in the process.
➡️Online Bank Swissquote to Add Crypto Custodial Service
Lack of access to custodians that institutional investors know and trust is seen as a major hurdle for growing the sector. Thankfully, the demand has caused a flurry of companies to enter the business, with the latest being online bank Swissquote.
Swissquote, a provider of online financial and trading services from Switzerland, announced its yearly results for 2018 on Friday. The report included an update about an upcoming expansion of the bank’s crypto services. Starting March 21, it will be possible to transfer cryptocurrencies from external wallets to a Swissquote account and vice-versa. “Swissquote will therefore become a secure and technologically fully integrated cryptocurrency trading platform and depositary for private and institutional clients alike,” the company explained.
Lack of access to custodians that institutional investors know and trust is seen as a major hurdle for growing the sector. Thankfully, the demand has caused a flurry of companies to enter the business, with the latest being online bank Swissquote.
Swissquote, a provider of online financial and trading services from Switzerland, announced its yearly results for 2018 on Friday. The report included an update about an upcoming expansion of the bank’s crypto services. Starting March 21, it will be possible to transfer cryptocurrencies from external wallets to a Swissquote account and vice-versa. “Swissquote will therefore become a secure and technologically fully integrated cryptocurrency trading platform and depositary for private and institutional clients alike,” the company explained.
➡️Monero Undergoes Protocol Upgrade
The Monero development team has confirmed that its scheduled protocol upgrade was completed successfully. The hard fork introduced four main changes to the privacy-focused altcoin including an improvement to the dynamic block size algorithm, an introduction of dummy encrypted payment IDs as well as shrinking of the size of amount encodings and using deterministic masks.
The most important update involved making the cryptocurrency more resistant to ASIC (application-specific integrated circuits) miners. A recent report showed that more than 85 percent of the Monero network was dominated by ASIC miners. The newly implemented Cryptonight-R algorithm is meant to tweak the proof-of-work mechanism used by XMR miners to deter using ASIC rigs, at least for a while.
The Monero development team has confirmed that its scheduled protocol upgrade was completed successfully. The hard fork introduced four main changes to the privacy-focused altcoin including an improvement to the dynamic block size algorithm, an introduction of dummy encrypted payment IDs as well as shrinking of the size of amount encodings and using deterministic masks.
The most important update involved making the cryptocurrency more resistant to ASIC (application-specific integrated circuits) miners. A recent report showed that more than 85 percent of the Monero network was dominated by ASIC miners. The newly implemented Cryptonight-R algorithm is meant to tweak the proof-of-work mechanism used by XMR miners to deter using ASIC rigs, at least for a while.
➡️Binance-Backed OTC Firm Releases Anti-Money Laundering Compliance-as-a-Service Product
Binance-backed over-the-counter (OTC) desk Koi Trading has partnered with IdentityMind, a platform for online risk management, to develop an Anti-Money Laundering (AML) compliance-as-a-service product. The development was announced in a press release published on March 12.
The parties have reportedly released an AML compliance-as-a-service product dubbed “Koi Compliance,” supporting digital currency and targeting money services businesses. The new platform will purportedly enable companies to focus on conducting their business, letting Koi Compliance to perform Know Your Customer (KYC) procedures, monitor transactions, conduct sanctions screening, and keep records.
Last November, Koi Trading received $3 million in investment from Binance Labs, an incubator arm of the world’s leading cryptocurrency exchange (as of press time) Binance. The move was purportedly taken to enable Binance Labs to utilize Koi’s quantitative research, data science, and compliance consulting services.
Binance-backed over-the-counter (OTC) desk Koi Trading has partnered with IdentityMind, a platform for online risk management, to develop an Anti-Money Laundering (AML) compliance-as-a-service product. The development was announced in a press release published on March 12.
The parties have reportedly released an AML compliance-as-a-service product dubbed “Koi Compliance,” supporting digital currency and targeting money services businesses. The new platform will purportedly enable companies to focus on conducting their business, letting Koi Compliance to perform Know Your Customer (KYC) procedures, monitor transactions, conduct sanctions screening, and keep records.
Last November, Koi Trading received $3 million in investment from Binance Labs, an incubator arm of the world’s leading cryptocurrency exchange (as of press time) Binance. The move was purportedly taken to enable Binance Labs to utilize Koi’s quantitative research, data science, and compliance consulting services.
➡️Bancor Launches Wallet for On-Chain Conversions Between ETH and EOS Tokens
Decentralized liquidity network Bancor has launched a wallet for on-chain conversions between Ethereum (ETH) and Eos (EOS) tokens, according to a press release shared with Cointelegraph on March 12.
The new product, Bancor Wallet, is a non-custodial crypto wallet that is designed to enable on-chain crypto conversions between Ethereum and Eos-based tokens “in a single action,” the press release reports.
The new wallet is based on Bancor’s recently launched cross-chain protocol BancorX, which allows users to convert between Ethereum and EOS-based tokens without exchanges.
Nate Hindman, Bancor's director of communications, told Cointelegraph in a statement that the release of Bancor’s unified wallet is expected to pave the way for the integration of other blockchains, giving Bitcoin (BTC) and Tron (TRON) as examples.
Decentralized liquidity network Bancor has launched a wallet for on-chain conversions between Ethereum (ETH) and Eos (EOS) tokens, according to a press release shared with Cointelegraph on March 12.
The new product, Bancor Wallet, is a non-custodial crypto wallet that is designed to enable on-chain crypto conversions between Ethereum and Eos-based tokens “in a single action,” the press release reports.
The new wallet is based on Bancor’s recently launched cross-chain protocol BancorX, which allows users to convert between Ethereum and EOS-based tokens without exchanges.
Nate Hindman, Bancor's director of communications, told Cointelegraph in a statement that the release of Bancor’s unified wallet is expected to pave the way for the integration of other blockchains, giving Bitcoin (BTC) and Tron (TRON) as examples.
➡️Faireum Enters the Provably Fair Betting Game
Provably fair betting and cryptocurrency were made for one another. Last week, news.Bitcoin.com reported on Nakamoto Game which operates on the Bitcoin Cash network. Now, Faireum is preparing to go one step further by launching an entire blockchain dedicated to online gambling. The Faireum iGaming platform, which is currently in beta, features thousands of casino games including slots and card games, with a provably fair model enabling punters to ensure verify the outcome of events.
The project claims to overcome the problems associated with Random Number Generators (RNG) used in conventional online casinos, which can be skewed by unscrupulous operators through modifying certain parameters. To combat this, Faireum combines the block hash with a zero-knowledge proof to create a RNG that cannot be deduced.
Provably fair betting and cryptocurrency were made for one another. Last week, news.Bitcoin.com reported on Nakamoto Game which operates on the Bitcoin Cash network. Now, Faireum is preparing to go one step further by launching an entire blockchain dedicated to online gambling. The Faireum iGaming platform, which is currently in beta, features thousands of casino games including slots and card games, with a provably fair model enabling punters to ensure verify the outcome of events.
The project claims to overcome the problems associated with Random Number Generators (RNG) used in conventional online casinos, which can be skewed by unscrupulous operators through modifying certain parameters. To combat this, Faireum combines the block hash with a zero-knowledge proof to create a RNG that cannot be deduced.
➡️Token Launchpads Are the New Stablecoins
A few months ago, everyone was launching their own stablecoin. Now it’s exchange-integrated ICO launchpads. Following on from the success of Binance Launchpad, whose featured token sales have been significantly oversubscribed, a handful of other exchanges have followed suit. Bittrex IEO launches on March 15, Bitmax Launchpad is already operational and Huobi Prime, Kucoin Spotlight and Okex IEO are all on their way.
Exchanges seem to have spotted a new revenue stream that’s popular with traders, who in turn relish the ease of participation and the potential for a quick flip, given that new tokens are guaranteed to be exchange listed. It remains to be seen whether there is sufficient demand to sustain six exchange-integrated token launchpads, with Crypto Narnia best capturing the sense that some of these new platforms may be little more than a poor man’s Binance.
A few months ago, everyone was launching their own stablecoin. Now it’s exchange-integrated ICO launchpads. Following on from the success of Binance Launchpad, whose featured token sales have been significantly oversubscribed, a handful of other exchanges have followed suit. Bittrex IEO launches on March 15, Bitmax Launchpad is already operational and Huobi Prime, Kucoin Spotlight and Okex IEO are all on their way.
Exchanges seem to have spotted a new revenue stream that’s popular with traders, who in turn relish the ease of participation and the potential for a quick flip, given that new tokens are guaranteed to be exchange listed. It remains to be seen whether there is sufficient demand to sustain six exchange-integrated token launchpads, with Crypto Narnia best capturing the sense that some of these new platforms may be little more than a poor man’s Binance.
➡️Chinese Government Officials Face Ransomware Attack
A statement issued by the People’s Government of Yiling District, Yichang has revealed that Chinese officials have been the target of a ransomware email attack in recent days.
A statement issued by a Chinese provincial government website has announced that the National Network and Information Security Information Center has identified overseas hackers targeting the websites of government departments with emails containing ransomware.
The ransomware was delivered via an email containing the subject line: “You must report to the police at 3:00 pm on March 11!” The emails contain version 5.2 of the Gandcrab malware, which is concealed in an attachment named “03-11-19.rar.”
A statement issued by the People’s Government of Yiling District, Yichang has revealed that Chinese officials have been the target of a ransomware email attack in recent days.
A statement issued by a Chinese provincial government website has announced that the National Network and Information Security Information Center has identified overseas hackers targeting the websites of government departments with emails containing ransomware.
The ransomware was delivered via an email containing the subject line: “You must report to the police at 3:00 pm on March 11!” The emails contain version 5.2 of the Gandcrab malware, which is concealed in an attachment named “03-11-19.rar.”
➡️Late Quadrigacx CEO Used Personal Funds to Fulfill Withdrawals
Jennifer Robertson, the widow of late Quadrigacx chief executive officer Gerry Cotten, has revealed that customer withdrawals were processed using personal funds in a statement published yesterday. The document also indicates that law firm Stewart McKelvey has withdrawn from representing Quadrigacx during the Companies’ Creditors Arrangement Act process due to “potential” conflicts of interest.
The widow of Quadrigacx’s late CEO published a statement on March 13 that provides an update on the legal proceedings surrounding the exchange.
The statement reveals that Gerry Cotten was using personal funds to fulfill customer withdrawals during 2018 while the exchange’s funds held with the Canadian Imperial Bank of Commerce continued to be frozen.
Jennifer Robertson, the widow of late Quadrigacx chief executive officer Gerry Cotten, has revealed that customer withdrawals were processed using personal funds in a statement published yesterday. The document also indicates that law firm Stewart McKelvey has withdrawn from representing Quadrigacx during the Companies’ Creditors Arrangement Act process due to “potential” conflicts of interest.
The widow of Quadrigacx’s late CEO published a statement on March 13 that provides an update on the legal proceedings surrounding the exchange.
The statement reveals that Gerry Cotten was using personal funds to fulfill customer withdrawals during 2018 while the exchange’s funds held with the Canadian Imperial Bank of Commerce continued to be frozen.
➡️Chinese Insurance Giant Ping An Partners With Decentralized AI Startup SingularityNET
Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14.
Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that the scope of the partnership is expected to expand to multiple industries and initiatives in the future.
The announcement has been made shortly after SingularityNET officially launched a beta version of its Ethereum-based decentralized marketplace on Thursday, Feb. 28. In January last year, the company also announced a partnership with agriculture-focused blockchain startup Hara at the World Web Forum.
Ping An is reportedly the world’s most valuable insurance company, it serves 170 million customers, and ranked tenth in the Forbes Global 2000 list of world’s largest public companies. As Cointelegraph reported in November last year, Ping An and the Sanya municipal government also signed a strategic cooperation agreement for “Smart City” construction involving blockchain.
Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14.
Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that the scope of the partnership is expected to expand to multiple industries and initiatives in the future.
The announcement has been made shortly after SingularityNET officially launched a beta version of its Ethereum-based decentralized marketplace on Thursday, Feb. 28. In January last year, the company also announced a partnership with agriculture-focused blockchain startup Hara at the World Web Forum.
Ping An is reportedly the world’s most valuable insurance company, it serves 170 million customers, and ranked tenth in the Forbes Global 2000 list of world’s largest public companies. As Cointelegraph reported in November last year, Ping An and the Sanya municipal government also signed a strategic cooperation agreement for “Smart City” construction involving blockchain.
➡️Coinbase Pro Increases Fees, Updates Market Structure ‘to Increase Liquidity’
Major United States-based cryptocurrency exchange Coinbase announced a new market structure for its professional trading platform, Coinbase Pro, in a blog post published on March 15.
Per the announcement, the changes aim to increase liquidity, enhance price discovery and ensure smoother price movements. The changes include a new fee structure, reportedly designed to increase liquidity, updated order maximums, new order increment sizes, the turning off of stop market orders and added market order protection points.
According to the post, Coinbase Pro and Coinbase Prime — the firm’s institutional trading platform — will cease their support for stop market orders. The announcement further explains that all stop orders must now be submitted as limit orders and include a limit price.
On the other hand, the market protection points that will be introduced both to Coinbase Prime and Coinbase Pro users will amount to 10 percent for all market orders. The statement explains that market orders that move the price more than 10 percent will stop executing and return a partial fill.
Lastly, the post warns the exchange’s user base that the platform will be offline on March 22 from 6:00 p.m. to 6:30 p.m. PDT.
Major United States-based cryptocurrency exchange Coinbase announced a new market structure for its professional trading platform, Coinbase Pro, in a blog post published on March 15.
Per the announcement, the changes aim to increase liquidity, enhance price discovery and ensure smoother price movements. The changes include a new fee structure, reportedly designed to increase liquidity, updated order maximums, new order increment sizes, the turning off of stop market orders and added market order protection points.
According to the post, Coinbase Pro and Coinbase Prime — the firm’s institutional trading platform — will cease their support for stop market orders. The announcement further explains that all stop orders must now be submitted as limit orders and include a limit price.
On the other hand, the market protection points that will be introduced both to Coinbase Prime and Coinbase Pro users will amount to 10 percent for all market orders. The statement explains that market orders that move the price more than 10 percent will stop executing and return a partial fill.
Lastly, the post warns the exchange’s user base that the platform will be offline on March 22 from 6:00 p.m. to 6:30 p.m. PDT.
➡️Real Estate Giant Holding Live Luxury Home Auction for Bitcoin
A major Australian real estate group is holding a luxury home auction that can be paid for with two cryptocurrencies. There will be a live auctioneer who will call out bids in BTC. The property owner says he wants to keep as many coins as possible.
One of Australia’s largest real estate groups, LJ Hooker, is preparing a live luxury real estate auction for cryptocurrencies with a live auctioneer. The company is working with James Pratt Auctions and blockchain company Nuyen, which will facilitate online bidding for the five-bedroom house in New South Wales, Australia. Micky media outlet reported Monday:
The auctioneer will call bids in cryptocurrency, with the price to be converted and displayed in AUD and USD on a live screen. Payments can be made in both bitcoin (BTC) and binance coin (BNB).
The owner of the property and president of Nuyen, Greg Costello, told news.Bitcoin.com that, in addition to the two cryptocurrencies, AUD will also be accepted.
A major Australian real estate group is holding a luxury home auction that can be paid for with two cryptocurrencies. There will be a live auctioneer who will call out bids in BTC. The property owner says he wants to keep as many coins as possible.
One of Australia’s largest real estate groups, LJ Hooker, is preparing a live luxury real estate auction for cryptocurrencies with a live auctioneer. The company is working with James Pratt Auctions and blockchain company Nuyen, which will facilitate online bidding for the five-bedroom house in New South Wales, Australia. Micky media outlet reported Monday:
The auctioneer will call bids in cryptocurrency, with the price to be converted and displayed in AUD and USD on a live screen. Payments can be made in both bitcoin (BTC) and binance coin (BNB).
The owner of the property and president of Nuyen, Greg Costello, told news.Bitcoin.com that, in addition to the two cryptocurrencies, AUD will also be accepted.
💥💥💥Waves Platform has announced the details of the second investment round for the Vostok project
✔️The second round will close on May 31, 2019.
✔️The plan is to sell 100 million VST at an estimated price of $1.20
✔️Up to $120 million will be raised.
🔎The Vostok project was developed for large enterprises and public institutions, to enable them to build the foundation of a next-generation digital infrastructure.
➡️The private blockchain platform Vostok will combine technological developments and innovations we tested when building the international Waves platform, with the advantages of other end-to-end digital technologies such as Artificial Intelligence, Big Data analytics and the industrial Internet of Things.
-Sasha Ivanov, founder and CEO of Waves Platform
Website
✔️The second round will close on May 31, 2019.
✔️The plan is to sell 100 million VST at an estimated price of $1.20
✔️Up to $120 million will be raised.
🔎The Vostok project was developed for large enterprises and public institutions, to enable them to build the foundation of a next-generation digital infrastructure.
➡️The private blockchain platform Vostok will combine technological developments and innovations we tested when building the international Waves platform, with the advantages of other end-to-end digital technologies such as Artificial Intelligence, Big Data analytics and the industrial Internet of Things.
-Sasha Ivanov, founder and CEO of Waves Platform
Website
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