Coinbase updates mobile app so users can earn crypto rewards

Coinbase mobile app

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…

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Binance is launching a new Ethereum-compatible blockchain

Binance Chain

Crypto exchange Binance is launching a new Ethereum-compatible blockchain, with BNB as a native token. Dubbed “Binance Smart Chain” (BSC), the new blockchain would have smart contracts functionalities like Ethereum. “The first practical and widely-used Smart Contract platform is Ethereum. To take advantage of the relatively mature applications and community, BSC chooses to be compatible with the existing Ethereum mainnet,” Binance said in a whitepaper published on Friday. Binance already operates its native blockchain called Binance Chain (BC), which powers its decentralized exchange Binance DEX. But as it “doesn’t provide…

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Spain’s Bizkaia lets companies and citizens experiment with open source blockchain platform

Bizkaia Hyperledger blockchain platform

The provincial council of Bizkaia, one of the provinces of the Basque Country in Spain, is letting companies and citizens run experiments with its blockchain platform in the hope of spinning off useful public and commercial services. “We consider this part of the public infrastructure, similar to roads or healthcare,” explains Valentin Garcia Souto, head of development and innovation at the IT department of the Diputación Foral de Bizkaia. A first version of the platform, called Blockchain4all, was presented at the end of 2018. “It puts at the disposal of…

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ECB uses open source blockchain solution Corda to test Digital Euro

corda blockchain platform

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:…

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Bitcoin loses a quarter of its value in March

bitcoin free pic

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…

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You can now buy Bitcoin with Apple Pay through Opera in the US

Apple Pay Opera

You can use Apple Pay to buy Ethereum or Bitcoin through the browser in the US and Scandinavia. Opera has just announced that users can now buy Bitcoin and Ethereum through its browser using Apple Pay. Announced, the news states: Oslo – Opera was the first browser to introduce Web 3 capabilities and a built-in crypto wallet across all of its mobile and desktop browsers. The Norwegian company is now letting its US users easily purchase cryptocurrencies using a debit card or Apple Pay. Easy crypto top ups are available…

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Google Pay adds support for Coinbase’s Bitcoin card

Coinbase Card

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…

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Standard Chartered joins TradeLens

Standard Chartered

Standard Chartered has become the first financial institution to join the TradeLens blockchain-enabled container logisitics platform developed by IBM and Maersk. Standard Chartered will be the first financial intitution to join an ecosystem consisting of more than 150 members, including 100+ ports and terminals, 20+ ocean carriers and intermodal providers, and 10+ government authorities. Commercially-available since December 2018, TradeLens captures millions of supply chain events and tens of thousands documents per week, having processed information on over 15 million containers worldwide since its launch. The platform enables participants to digitally…

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BitMEX’s downtime on 13 March prompted by DDoS attack, not ‘hardware issues’

bitmex downtime

BitMEX’s Chief Technology Officer [CTO], Samuel Reed, had provided a gist of the attack that hit the exchange platform on 13 March. Now, BitMEX’s Chief Executive Officer [CEO], Arthur Hayes, has come out to update the community with more info, stating that the BitMEX team will be addressing the issue soon. He elaborated on the same in a blog post, one that expanded on the two DDoS attacks that took place on 13 March. The CTO had previously noted that the exchange was under a botnet attack, the same it…

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MoneyGram Got Another $11M From Ripple to Use Its Cross-Border Payments Tech

MoneyGram

Payments firm Ripple has given MoneyGram, a remittance firm, over $11 million in the past half year, according to regulatory filings with the Securities and Exchange Commission (SEC). The funds are broken up between two quarters, $2.4 million in Q3 and an additional $8.9 million in Q4, for a total of $11.3 million. The Q4 “financial benefit” as MoneyGram calls the sum, was not included in its Q4 revenue, reported as $323.7 million. Instead, it was accounted for a contra expense in its operating expense on the recommendation of the…

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Startup Tokenizes $2.2B in Commercial Real Estate Through Polymath

real estate

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…

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Dusk Network Plans to Tokenize Equity for Thousands of Dutch Companies

Dusk Network

Security token platform Dusk Network says it will tokenize shares for thousands of small and medium-sized enterprises (SMEs) in the Netherlands and the broader Benelux region. The Amsterdam-based company announced Thursday it has partnered with Firm24, one of the region’s largest shareholder registries, and will use blockchain for an automated infrastructure that could introduce market efficiencies and transform how shares, that are not publicly listed, are traded. Blockchain infrastructure provider LTO Network will also provide an interface between Dusk and Firm24 to link off-chain activities to the blockchain system and…

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5G router that can run bitcoin node

Hub Exodus 5G

Electronics giant HTC has announced a new privacy-focused portable 5G blockchain router that enables users to run a full Bitcoin node. Due to arrive by mid-year, the Exodus 5G Hub follows on from the success of the Tawainese manufacturer’s Exodus 1 phones, which also have the ability to run nodes. The Hub provides 5G connectivity to all internet enabled devices and uses Zion Vault software to enable users to store Bitcoin, Ethereum (including ERC-20 and ERC-721 tokens), Binance Coin, Litecoin and Stellar. The software offers security features including social recovery…

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13,000 South Korean ATMs to enable Litecoin withdrawals

ATM

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…

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OKEx and Bitfinex Suffer a DDoS Attack

DDoS Attack

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…

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