The cryptocurrency market has taken a step backwards after its recent gains. Its total value has declined by 3% in the past 24 hours, dropping from $2.2 trillion to $2.13 trillion. Bitcoin has been the leader of this drop, with its fall of 2% causing other major coins to decline by similar or larger percentages. …
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Widely followed crypto strategist and trader Michaël van de Poppe says he believes Bitcoin and the crypto markets are likely due for a “healthy” correction. In a new strategy session, Van de Poppe tells his 116,000 YouTube subscribers that Bitcoin (BTC) must stay above a key level if it wants to keep grinding higher. ADVERTISEMENT …
Singapore-based crypto exchange KuCoin is launching a mining pool aimed at providing revenue to proof-of-work miners after integrating their rigs. In a Wednesday announcement, the exchange said its KuCoin Pool product would allow miners around the world to contribute to the Bitcoin (BTC) and Bitcoin Cash (BCH) and share rewards. At the moment, miners are …
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The Securities and Exchange Commission (SEC) of Thailand continues introducing new regulations for the cryptocurrency industry, citing investor protection concerns. On Wednesday, the Thai SEC proposed a set of additional regulations related to custody of investors’ cryptocurrency holdings held by digital asset business operators. The newly proposed rules refer to custody of fiat money for digital …
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Pakistani blockchain-powered business-to-business (B2B) marketplace, Bazaar Technologies, has secured $30 million in the country’s largest Series A round to date. Bazaar announced the closure of its latest raise on Aug. 24, revealing that th Silicon Valley-based Defy Partners and Singapore’s Wavemaker Partners had led the funding round. The round also saw participation from dozens of …
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A group of DeFi projects and U.S. crypto exchange Kraken have donated $250,000 each to the Ethereum Foundation to support client teams working on the Ethereum (ETH) 2.0 upgrade. On Aug. 24 the Ethereum Foundation announced that the donations were made by Kraken, Compound Grants, Lido, Synthetix, The Graph and Uniswap Grants. The funds will …
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Coinbase is under fire for terrible customer service following reports of users accounts being hacked and drained of funds. According to an Aug. 24 investigation by CNBC, thousands of customers across the country have lodged complaints against the company. The outlet stated that it had interviewed numerous Coinbase customers who claimed hackers had drained their …
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Galaxy Digital Holdings has teamed up with Alerian and S-Network Global indexes to launch eight crypto-focused blockchain indexes. According to an Aug. 24 announcement, the duo have launched two crypto index families named “Alerian Galaxy Global Blockchain Indexes” and the “Alerian Galaxy Global Cryptocurrency-Focused Blockchain Indexes,” which the eight offerings are listed under. The passive …
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Amid the enormous success of crypto-powered game Axie Infinity in the Philippines, the local Department of Finance has made clear that it wants a cut of profits generated by playing Axie and other play-to-earn games. An August 23 report from Inquirer cites Philippine Finance Undersecretary Antonette Tionko as clarifying that any profits gleaned through play-to-earn …
The hashrate for the Bitcoin network has made a remarkable recovery since it crashed following China’s crypto mining clampdown earlier this year. The Bitcoin hashrate has now topped 150 Exahashes, or one quintillion hashes, per second according to data from analytics provider CryptoQuant. On Aug. 24, the metrics provider reported a hashrate of 152 EH/s …
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El Salvador began installing crypto ATMs as the country enters the last two weeks of preparation for the big day when Bitcoin (BTC) will claim its legal tender status. The Bitcoin Law, effectively ushered by President Nayib Bukele through parliament in June, will take effect on September 7. 200 Bitcoin ATMs and 50 financial branches …
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A substantial portion of the global trade is conducted through the use of the United States dollars and this, in turn, creates quite a bit of a problem for countries that usually have less reserve of the American dollars. The blockchain-based startup named XREX was launched initially to help cross-border businesses arising out of the …
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Tim Stokely, the founder and CEO of OnlyFans has explained how banks had forced it to drop adult content from the subscription-based content platform. OnlyFans is a popular platform connecting online sex workers to subscribers, but the firm recently changed its policy to prohibit “sexually explicit conduct,” starting Oct. 1 — which has caused backlash …
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By: Dan Moore, Eric Sun, LV Lu, Xinyu Liu Tl;dr: Coinbase is leveraging AWS’ Managed Streaming for Kafka (MSK) for ultra low latency, seamless service-to-service communication, data ETLs, and database Change Data Capture (CDC). Engineers from our Data Platform team will further present this work at AWS’ November 2021 Re:Invent conference. Abstract At Coinbase, we ingest …
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It’s not about competition when it comes to crypto security By Matt Muller, Head of Security Operations, Coinbase At Coinbase we believe that a healthy and safe crypto industry is critical to growing and maturing the cryptoeconomy. Malicious threats against any crypto business are bad for the industry as a whole, not only Coinbase. That’s why …
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