Cryptocurrency – Page 5 – CRYPTO WORLD NETWORK NEWS

Coinbase updates mobile app so users can earn crypto rewards

April 20, 2020April 17, 2020 CRYPTO WORLD

San Francisco-based crypto exchange Coinbase has expanded its Earn campaign. Users can now earn crypto by learning about it on the user-friendly mobile app. Cryptocurrency exchange Coinbase today announced that its users can now earn crypto from the rewards section of its mobile platform. Previously, users could take part in the rewards program via the platform on a desktop—but not via mobile. Now, the San Francisco-based exchange has made it possible to access all Coinbase Earn campaigns directly through the updated Coinbase mobile app. “Our mission is to create an…

ECB uses open source blockchain solution Corda to test Digital Euro

April 3, 2020April 3, 2020 CRYPTO WORLD

The European Central Bank (ECB) conducted an analysis of the economic and societal impact of issuing Central Bank Digital Currency (CBCD) or Digital Euro. In the framework of this analysis, the ECB carried out a ‘proof of concept’ related to the anonymisation of digital currency transactions, by using the open source solution Corda, a blockchain platform for business. In a speech given on 16 January 2017, Yves Mersch, member of the ECB executive board, explained that the Digital Euro, also called Digital Base Money (DBM) “is characterised by two features:…

Bitcoin loses a quarter of its value in March

April 1, 2020April 1, 2020 CRYPTO WORLD

The turmoil that rocked financial markets in March also wreaked havoc on the value of Bitcoin, delivering one of the cryptocurrency’s worst months on record. Investors rushed out of riskier assets amid the coronavirus pandemic that is casting a shadow on global growth prospects, with Bitcoin losing about 25 per cent in March to trade below $6,500 (Dh23,874). That puts the digital currency on track for its worst month since November 2018 and also marks seven out of nine months that its value has fallen. Since June, the cryptocurrency has…

Google Pay adds support for Coinbase’s Bitcoin card

March 19, 2020March 17, 2020 CRYPTO WORLD

Coinbase Card owners can now add a virtual version of the card to their Google Pay wallet, making it easier for them to spend their Bitcoin in shops. Support for Google Pay covers more than a dozen European countries. Coinbase Card is a Visa debit card that was launched by Coinbase back in April 2019. Coinbase debit card users are able to spend 10 different cryptocurrencies directly from their Coinbase balance at any shop that accepts Visa payments. In additional to the physical card, Coinbase users get a virtual card…

Startup Tokenizes $2.2B in Commercial Real Estate Through Polymath

March 13, 2020February 29, 2020 CRYPTO WORLD

Commercial real estate marketplace Red Swan has tokenized $2.2 billion in real estate through security token platform Polymath. According to Red Swan CEO Ed Nwokedi, $780 million of that is available to investors in pre-sale, while the company has another $4 billion in real estate in its tokenization pipeline. The $2.2 billion represents 16 different Class A commercial properties based in Austin and Houston, Texas, Brooklyn, N.Y., Oakland, Calif., and Ontario, Canada. Tokenization has struggled to transform the multitrillion-dollar real estate market as institutions hesitate to re-engineer back offices until…

13,000 South Korean ATMs to enable Litecoin withdrawals

March 5, 2020February 29, 2020 CRYPTO WORLD

Litecoin (LTC), the cryptocurrency created by Charlie Lee to be the “silver to Bitcoin’s gold” back in 2011, may be about to see more real-world use as more than 13,000 ATMs in South Korea enable LTC withdrawals directly to Korean won (KRW). The Litecoin Foundation said it has teamed up with the South Korean peer-to-peer crypto trading provider MeconCash to integrate litecoin into its M.Pay platform. Following the completion of the project, the integration is expected to allow litecoin to be exchanged to Korean won and withdrawn at thousands of…

OKEx and Bitfinex Suffer a DDoS Attack

March 2, 2020February 29, 2020 CRYPTO WORLD

In what’s turning into a series of crypto exchanges with issues this month, Bitfinex and OKEx have both reported a distributed denial-of-service (DDoS) attack. Just this morning (UTC time), Bitfinex took to Twitter to notify the user that they are investigating what seems to be a DDoS, sharing a status page for further updates on the matter. A DDoS attack is used to flood a website from many different sources in order to disrupt the service and make it unavailable. It’s like intentionally crowding a shop from all sides, not…

Samsung adds ETH and BTC support on the upcoming smartphone

February 16, 2020February 15, 2020 CRYPTO WORLD

This feature will be available to Samsung users in the US, Canada, South Korea, UK and Germany, among other countries. In 2019, Samsung had released Blockchain Keystore and effectively turned their phones into a cryptocurrency hardware wallet. Samsung, the world’s largest smartphone vendors, has officially confirmed that its new line of smartphones will be offering support for cryptocurrencies, including Bitcoin and Ethereum. Describing the features of the upcoming Galaxy S20, Samsung stated that the new generation will include the firm’s proprietary app, which allows users to store private keys for…

Bitcoin (BTC) surpasses 500,000,000 transactions

February 7, 2020 CRYPTO WORLD

According to data provided by on-chain research firm Glassnode, Bitcoin (BTC) has just reached a major milestone by recording more than 500 mln transactions. The fact that Bitcoin has added more than 100 mln transactions since April 2019 flies in the face of crypto critics who keep parroting that no one uses it. Rapid transaction growth Bitcoin reached its highest number of confirmed daily transactions on Apr. 23, 2019. More than 439,000 of them were recorded on the Bitcoin network on that day. In the past 24 hours, BTC logged…

Coinbase exchange is set to surpass 1 million Bitcoin (BTC) held in cold storage

January 24, 2020January 24, 2020 CRYPTO WORLD

Unlike the trading volume that is an easy-to-fake metrics, as the widely circulated Bitwise report from last year found that 95% of reported volume on unregulated exchanges is “fake,” cold storage data provides a better picture. This data comes from analysis of on-chain transfers and though not all cold wallet addresses can likely be identified with accuracy, these numbers are quite difficult to fake. Coinbase Beats Every Exchange Now, as per the data provided by Chain.info, Coinbase is leading among the exchanges with the largest amount of Bitcoin in their…

It’s never been harder to mine Bitcoin

January 20, 2020January 19, 2020 CRYPTO WORLD

Bitcoin hash rate (1-day moving average) versus price Source Glassnode

The mean hash rate of the Bitcoin (BTC) network has hit new all-time highs to mark the cryptocurrency’s latest technical achievement, fresh data suggests. Compiled by monitoring resource Glassnode, a new analysis of Bitcoin’s historical hash rate shows that on Jan. 7, the mean value reached 119 quintillion hashes per second — its best ever at the time. Consensus on BTC hash rate record Hash rate refers to the amount of computing power miners are using to validate the Bitcoin blockchain. The more power, the more notionally secure the blockchain…

Nike to Tokenize Footwear on Ethereum Blockchain Network

December 13, 2019December 11, 2019 CRYPTO WORLD

Nike intends to use the Ethereum blockchain network to generate a unique digital asset for limited edition shoes. It got a patent to tokenize footwear on the Ethereum blockchain network. Nike is responsible for the design, development, marketing, and sale of footwear, apparel, equipment, accessories, and services for athletes. The Company’s operating segments include North America, Europe, Japan, China, and Emerging Markets. Its brand portfolio includes NIKE, Jordan, Hurley, and Converse brands. Nike to Use Ethereum Blockchain Network (ERC 721 Token) Nike intended to generate unique IDs and create ERC…

Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners

December 11, 2019December 11, 2019 CRYPTO WORLD

The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges. Warning Letters to Crypto Investors Danish Skattestyrelsen, the tax authority of Denmark, has reportedly sent out warning letters to 20,000 cryptocurrency owners. Swedish crypto tax startup Koinly posted a copy of the letter on its website…

Dubai developer launches crypto payment option for home buyers

November 29, 2019November 29, 2019 CRYPTO WORLD

Ellington Properties has delivered Belgravia, Belgravia II and Somerset Mews – all in central Dubai.

Ellington Properties says it has chosen Bitcoin Suisse as its preferred crypto brokerage provider Dubai-based developer Ellington Properties has chosen Bitcoin Suisse (BTCS) as its preferred crypto brokerage provider, adding to the payment options for its base of international customers. Designed to enhance customer satisfaction, Ellington Properties said customers can now purchase homes in central locations in Dubai using bitcoin with the transaction process to be facilitated by Bitcoin Suisse. BTCS has helped shape the crypto and blockchain ecosystem in Switzerland, the developer said in a statement. Paula Wehbeh, head…

Binance partners with TravelbyBit to launch crypto-backed Travel Rewards Card

November 28, 2019November 29, 2019 CRYPTO WORLD

Global travel meets mainstream crypto adoption in this latest venture from Binance and TravelbyBit, the company behind Brisbane Airport’s transformation into the world’s first cryptocurrency-ready airport. Travel booking platform, TravelbyBit, and leading global cryptocurrency exchange and blockchain ecosystem, Binance, have joined forces to create a cryptocurrency-backed travel rewards card to facilitate crypto payments on major travel websites. Starting today, users can pre-register for the TravelbyBit Travel Card at https://travelbybit.com/card-launch/. The new TravelbyBit travel rewards card will function as a traditional prepaid debit card with additional access to exclusive travel discounts…