Business

Coinbase and Messari Employees Working Remotely due to Coronavirus

[ad_1] Just one week after releasing its plan for the coronavirus spread worldwide, Coinbase is recommending its employees prepare for the next phase, and they’re not the only ones.Coinbase CEO  Brian Armstrong sent out a Tweet to his 300K+ followers on Mar. 2 indicating the crypto firm would be directing certain employees to work from home. Within an hour, the founder of Messari, Ryan Selkis, posted a similar message stating
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Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions

[ad_1] The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest changes. Also read: Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online Gambling The Keepers of Your Crypto Are Financial Institutions in Germany The guidance document
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Belgium Startup Launches Smart Chip Hardware Wallet for SLP-Based Tokens

[ad_1] On March 1, the Simple Ledger Protocol (SLP) developers’ Twitter account revealed a new hardware wallet card for SLP tokens created by the Belgium-based company Satoshichip. The newly designed product is the first SLP token hardware wallet on the market and it works natively with the Electron Cash SLP wallet. Also read: 13 Crypto Debit Cards You Can Use Right Now A Bitcoin Cash Hardware Wallet With a Secure
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Bitcoin Volatility Overtaken By Oil Amid Global Pandemic Fears

[ad_1] In what seems like a bizarro world reversal, oil has become more volatile than Bitcoin. Bitcoin is legendary for its high volatility and wild swings in price, although the turmoil affecting global markets may be strengthening its safe haven investment narrative. Oil markets have been a rollercoaster since the beginning of the year Oil markets are one of the world’s most important commodities markets, but recently they have been
Business

US Government Sanctions Two Chinese Nationals in Connection With Lazarus Group Hack

[ad_1] The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack. At the same time, the Department of Justice announced an indictment for money laundering against the same two individuals.Their activity is linked to Lazarus Group, a hacking group allegedly connected to the North Korean government. OFAC accuses Yinyin Tian and
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Robinhood Trading App Crashes, Traders Experience Tech Issues

[ad_1] Robinhood trading app crashed today and customers were unable to take profits even before the app’s crash. Now, users have taken to social to voice their outrage. Robinhood’s crash angers the platform’s traders Robinhood trading app’s latest update appears to have broken the platform, causing significant downtime and blocking customer access to funds. The company did tweet a statement acknowledging downtime issues earlier today, but for now the app
Business

This Major Turkish Bank Is The Latest Binance Partner for Fiat-to-Crypto Transfers

[ad_1] Major crypto exchange Binance announced that their fiat on-ramp for Turkish Lira is live thanks to a partnership with major Turkish bank Akbank, Cointelegraph Turkey reported on March 2.Binance users from Turkey can now deposit and withdraw directly through money order or EFT, whether they have an Akbank account or not.“As one of the biggest banks in Turkey, Akbank is serving the crypto community since 2017,” Binance CEO Changpeng
Business

Institutional Custody Is Key as KPMG Estimates $9.8 Billion in Crypto Stolen Since 2017

[ad_1] Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 billion worth of crypto has been stolen since 2017.The findings revealed that lax security and poorly written code were responsible for most thefts. As institutional investors adopt Bitcoin (BTC) and Ethereum (ETH) to their portfolios, securing the tokens becoming a critical
Business

LocalBitcoins Hits a 7-Year Low of Weekly Traded Bitcoins

[ad_1] Popular peer-to-peer (P2P) crypto trading exchange LocalBitcoins saw a major decline in Bitcoin (BTC) trading volumes amid apparent user uncertainty.According to data from Bitcoin (BTC) statistics website Coin Dance, global Bitcoin trading volumes on LocalBitcoins exchange have touched a seven-year low during the week ending on Feb. 22.BTC trading volumes drop from 13K bitcoins in February 2019 to about 3K in 2020During the weekly period, LocalBitcoins traded just 3,144
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Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High

[ad_1] On Monday, March 2, miners processing blocks on the BTC network surpassed the network’s all-time high as the overall hashrate touched 136 exahash (EH/s). The record-breaking achievement happened despite the price of BTC dropping below the $9K region throughout the course of the last week. In four years’ time, BTC’s hashrate has risen over 13,500% and it doesn’t look like slowing up anytime soon. Also read: 13 Crypto Debit