Business

Coinbase Pro Re-Releases 3x Leverage

[ad_1] Coinbase Pro, the cryptocurrency trading platform arm of U.S.-based exchange Coinbase, has unveiled margin trading for select customers. Active Coinbase Pro users in 23 states can now trade with leverage on Coinbase Pro, according to the company’s blog announcement on Feb. 12. Coinbase Pro hosts a modest 3x leverage limit, whereas exchanges such as BitMEX and Binance offer 100x leverage and up. What is margin trading?A product typically seen in professional asset
BLOCKCHAIN

Six Out of Forbes Top 50 Fintech Companies for 2020 Are in Blockchain

[ad_1] Forbes released its Fintech 50 list this week, which included six blockchain companies among the media outlet’s compilation of top financial technology companies. Carrying a “Blockchain and Bitcoin” category tag, Forbes listed Axoni, Chainalysis, Coinbase, Everledger, MakerDao and Ripple amongst its top 50 fintech list for 2020, released on Feb. 12. Other contenders on the list included companies such as Plaid, Opendoor and Lemonade, categorized under payments, real estate and insurance
EXCHANGES

3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners

[ad_1] As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation, but now Chinese miners are finding it easier to migrate to Central Asia for
EXCHANGES

China Files 84 Patents For Central Bank Digital Currency

[ad_1] Reports of more than 80 digital payments-related patents filed by the People’s Bank of China (PBOC) is offering concrete proof of the country’s moves to launch a CBDC. China Serious About CBDC Issuance According to the Financial Times, China’s central bank has filed 84 patents relating to its plans to launch a digital currency electronic payments DCEP system. The number of CBDC-related patents by the PBOC came after an
Business

Circle Continues Sell-offs as Voyager Digital Acquires Investment App

[ad_1] Despite ongoing bullish movement in crypto markets, Circle continues to sell off wings of its business.Circle, a Goldman Sachs-backed crypto startup that launched USD-pegged stablecoin USDC, has agreed to sell its digital asset investment app Circle Invest to Voyager Digital Canada, the operator of digital asset broker Voyager.Circle Invest customers to be moved to the Voyager Platform by the end of March 2020As part of the acquisition, Voyager will
BLOCKCHAIN

Reuters to Provide Fact-Checking for Facebook Amid 2020 US Presidential Elections

[ad_1] In partnership with Facebook, Reuters has established a new unit tasked with identifying misinformation on social media. As Reuters reported on Feb. 12, social media giant Facebook’s Third-Party-Fact-Checking Program and the news outlet have jointly launched a fact-checking initiative in a bid to identify misinformation on social media. Specifically, Reuters will verify information posted on Facebook and Instagram in the run-up to the United States elections and after.Checking user-generated informationReuter’s
EXCHANGES

XRP Price is Lagging, Should Be 30% Higher: Veteran Analyst

[ad_1] Trader and analyst Luke Martin claims that XRP is significantly undervalued when compared to other major alt coins. Martin’s position reflects the volatility of the present cryptocurrency market, and indicates that far more capital is expected to enter the space soon. Is XRP Really Falling Behind? Martin, a veteran analyst, notes that major alt coins tend to move together within the market. Traders have followed this well-known phenomenon for
Business

Aragon Court Is Now in Session for Global Decentralized Judgements

[ad_1] Following three years of development, Aragon Court has launched aimed at operating as a digital jurisdiction and an online decentralized court.The launch was announced in a blog post on Feb. 10, detailing that over the past three years the team behind the project had created and launched relevant tools for Decentralized Autonomous Organizations (DAO) to exist. At that point, the platform counted more than 1,000 DAO created with $8
BLOCKCHAIN

Conservative U.S. Think Tank Denies Need for Federal Digital Currency

[ad_1] Conservative United States think tank the Heritage Foundation argues that instead of launching a central bank digital currency (CBDC), the government should ensure that the public can use the currencies they prefer, including private ones.In a commentary piece published on Feb. 12, the Heritage Foundation notes that Facebook’s Libra global stablecoin project “is just the latest reminder that providing money does not have to be a centralized function of