Coinbase is in advanced talks to buy custody provider Xapo. The deal will cost around $50 million for the US major cryptocurrency exchange. However, the decision hasn’t been made yet.
The US customers will soon enjoy the benefits of a Coinbase Debit Card after it launched in the UK successfully letting users pay for their daily bills using crypto.
Several major banks, including UBS, Banco Santander, HSBC Holdings and Deutsche Bank, are planning to build a blockchain-based settlement system by investing $50M into a joint entity called Fnality.
After showing a massive rally over the last few weeks, the bulls finally lose their hold on the market to the bears. Overall crypto market loses nearly $24 billion with Bitcoin price dropping below $7200 levels.
The flagship crypto took a break Thursday and is trading around $7976.60.
Increasing regulatory oversight and the latest progression made in the crypto movement means that users are tasked with keeping track of their cryptos in a clear and auditable way. Maybe it’s time to turn to crypto accounting software?
Brian Armstrong said in an interview at the Consensus 2019 event that Coinbase Custody now manages over $1 billion in crypto assets with 60% of the Coinbase Pro trading volume coming from institutions.
Even though there was hope that eBay may be delving into Bitcoin and cryptocurrency, the hopes were shattered after their spokeperson said that cryptocurrency is not a part of their payments strategy.
Binance resumes its activities after a forced suspension due to the security reasons. Binance Coin (BNB) price climbs high in reaction to the news.
Should the demand level of $7,812 hold, the Bulls will resume their uptrend movement which may push Bitcoin price to break up the $8,233 level and target $8,678 level. Otherwise, consolidation may continue.
The newly introduced fully regulated Huobi OTC Desk is targeted at high net worth individuals and institutional investors.
RIF Lab announced the launch of “third-layer solution” aimed at scaling Bitcoin’s Blockchain. After more than a year of hard work the project was officially set on May 14.
The two crypto Mavericks have finally sealed the terms of the bet. While Ethereum co-founder Joseph Lubin is hopeful on the future of DApps, hardcore Bitcoiner Jimmy Song remains highly critical about it.
San Francisco-based cryptocurrency prime brokerage, SFOX, partnered with the century-old New York-based M.Y. Safra Bank to provide crypto traders who use their platform with access to bank accounts backed by FDIC insurance.
The approval of a regulated crypto derivative this year is now looking less likely, as the SEC has once again delayed its decision on whether to approve the Bitcoin ETF proposed by asset manager Bitwise. However, Bitwise remains optimistic.