Author Archives: Startup365

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Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !

#Blockchain After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash

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After a Year-Long Wait the New York-Based Exchange Gemini Lists Bitcoin Cash

Cryptocurrency exchange Gemini announced the launch of bitcoin cash (BCH) support and detailed that BCH will be available for trading on the platform this weekend. Bitcoin cash supporters have been waiting for Gemini to list BCH since the fork on Aug. 1, 2017. Beginning Saturday, at 9:30 a.m. EST, customers will be able to deposit bitcoin cash into their Gemini account in order to trade.

Also read: Previously Inactive Whales Are Moving Large Amounts of BTC

Gemini Exchange Adds Bitcoin Cash Support

After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin CashBitcoin cash fans found out on Dec. 7 that the New York-based trading platform Gemini was adding BCH to the exchange interface this weekend. It’s been 15 months since the Aug. 1 BCH fork, and proponents have been waiting for what seemed like forever for Gemini to list the coin. The exchange will add bitcoin cash with five trading pairs which include USD, BTC, ETH, LTC, and ZEC. Gemini’s vice president of engineering, Eric Winer, detailed that BCH seeks to “build on the goal of the original Bitcoin and become an electronic cash system.” Furthermore, in light of the recent Nov. 15 hard fork which resulted in a split and the birth of BSV, the company explained that the BCH ticker will be assigned to the ABC side of the fork.

BCH Will Be Available for Gemini’s Trading and Custody Services, but No BSV Support

Bitcoin Cash, a fork of the Bitcoin network, was recently forked into two distinct networks and blockchains: Bitcoin ABC and Bitcoin SV — At this time, we will only be providing support for the Bitcoin ABC network and we will be referring to it as Bitcoin Cash with ticker: BCH,” detailed Winer’s post.

The engineering executive also noted the company had added replay protection and continued by stating:

Any cryptocurrency sent to Gemini over a blockchain that we do not support, such as Bitcoin SV (BSV), will be invalid and irrecoverable. We are continuing to evaluate Bitcoin SV over the coming weeks or months, and we may or may not choose to support withdrawals and/or trading of Bitcoin SV in the future.  

Of course, BCH proponents were pleased to hear that the trading platform was finally adding bitcoin cash. Moreover, on Dec. 6, the bitcoin cash fork BSV jumped ahead of BCH as far as coin market capitalization is concerned. However, since the Gemini announcement, BCH has temporarily reclaimed the fifth position but both assets have been toe-to-toe in price over the last 48 hours.

After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash
A preview of the BCH trading engine on Gemini. Trades will open tomorrow, Dec. 8, 2018, at 9:30 a.m. EST.

Gemini’s Winer further detailed that the company worked closely with the New York State Department of Financial Services (NYSDFS) in order to list BCH. Winer and Gemini associates believe the New York company is “the world’s most regulated cryptocurrency exchange and custodian.” Bitcoin cash will also be available to Gemini’s cryptocurrency custody business model which aims to attract institutional investors.

What do you think about Gemini adding bitcoin cash (BCH) to the company’s trading and custody services? Let us know what you think about this subject in the comments section below.

Images via Shutterstock, Gemini, Twitter, and Pixabay.

Need to calculate your bitcoin holdings? Check our tools section.

The post After Year-Long Wait New York-Based Exchange Gemini Lists Bitcoin Cash appeared first on Bitcoin News.

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#Blockchain SEC to Decide Fate of Vaneck Solidx Bitcoin ETF by Late February

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SEC to Decide Fate of Vaneck Solidx Bitcoin ETF by Late February

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Vaneck Solidx bitcoin exchange-traded fund (ETF), which will trade on Cboe BZX Exchange. The SEC has received more than 1,600 comments and will make a decision by February next year.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

New Decision Date

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF in FebruaryThe SEC announced on Thursday that it has designated “a longer period within which to issue an order approving or disapproving the proposed rule change” by Cboe BZX Exchange to list and trade shares of Vaneck Solidx Bitcoin Trust. The SEC stated that the delay is “so that it has sufficient time to consider this proposed rule change.”

Cboe BZX Exchange filed this proposed rule change on Jun. 20 and, on Sept. 20, the SEC instituted proceedings to make a decision on it. The SEC wrote in its Thursday’s announcement:

The commission, pursuant to Section 19(b)(2) of the [Securities Exchange] Act, designates February 27, 2019, as the date by which the Commission shall either approve or disapprove the proposed rule change.

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF in FebruaryAccording to the Securities Exchange Act of 1934, the SEC can extend the time to make a decision on an ETF up to 240 days after the date of its publication in the Federal Register.

This proposed rule change was published for notice and comment in the Federal Register on July 2. “February 27, 2019, is 240 days from that date,” the commission wrote.

The SEC also revealed:

As of December 6, 2018, the commission has received more than 1,600 comments on the proposed rule change.

Meeting With SEC

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF in FebruaryA meeting was held on Nov. 26 between officials of the SEC and representatives of Cboe BZX Exchange Inc., Van Eck Securities Corp., and Solidx Management Llc. They discussed the proposed rule change for Vaneck Solidx Bitcoin Trust’s ETF.

In its presentation submitted to the SEC, Solidx wrote that the “futures markets [for bitcoin] perform a valuable role in price discovery,” adding that “the empirical evidence indicates that the spot and futures prices are cointegrated … this is evidence of a well-functioning capital market.”

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF in FebruaryThe company proceeded to show the commission that there is a “significant market” for bitcoin futures, citing the case of Breakwave Dry Bulk Shipping ETF which the commission approved in December last year. Applying the analysis used in the Breakwave approval order, the company asserted:

When compared to the dry bulk shipping market there is no question that the bitcoin futures market is a significant, regulated market.

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF in FebruarySolidx also wrote, “there is no question 100% of bitcoin futures trade on ‘well established, regulated markets that are members of ISG [intermarket surveillance group],’” such as the CME and the Cboe Futures Exchange. Moreover, the company told the SEC that “several properties of bitcoin and the underlying ecosystem make it less susceptible to manipulation than other commodities that underlie already approved ETPs [exchange-traded products].”

Recently, SEC Chairman Jay Clayton spoke about key upgrades he needed to see in cryptocurrency markets before he is comfortable with a bitcoin ETF.

Do you think the SEC will approve this bitcoin ETF in February next year? Let us know in the comments section below.

Images courtesy of Shutterstock, Cboe, Van Eck Securities Corp., Solidx Management Llc.

Need to calculate your bitcoin holdings? Check our tools section.

The post SEC to Decide Fate of Vaneck Solidx Bitcoin ETF by Late February appeared first on Bitcoin News.

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#Blockchain SEC to Decide Fate of Vaneck Solidx Bitcoin ETF by Late February

Posted on by

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF by Late February

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Vaneck Solidx bitcoin exchange-traded fund (ETF), which will trade on Cboe BZX Exchange. The SEC has received more than 1,600 comments and will make a decision by February next year.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

New Decision Date

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF in FebruaryThe SEC announced on Thursday that it has designated “a longer period within which to issue an order approving or disapproving the proposed rule change” by Cboe BZX Exchange to list and trade shares of Vaneck Solidx Bitcoin Trust. The SEC stated that the delay is “so that it has sufficient time to consider this proposed rule change.”

Cboe BZX Exchange filed this proposed rule change on Jun. 20 and, on Sept. 20, the SEC instituted proceedings to make a decision on it. The SEC wrote in its Thursday’s announcement:

The commission, pursuant to Section 19(b)(2) of the [Securities Exchange] Act, designates February 27, 2019, as the date by which the Commission shall either approve or disapprove the proposed rule change.

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF in FebruaryAccording to the Securities Exchange Act of 1934, the SEC can extend the time to make a decision on an ETF up to 240 days after the date of its publication in the Federal Register.

This proposed rule change was published for notice and comment in the Federal Register on July 2. “February 27, 2019, is 240 days from that date,” the commission wrote.

The SEC also revealed:

As of December 6, 2018, the commission has received more than 1,600 comments on the proposed rule change.

Meeting With SEC

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF in FebruaryA meeting was held on Nov. 26 between officials of the SEC and representatives of Cboe BZX Exchange Inc., Van Eck Securities Corp., and Solidx Management Llc. They discussed the proposed rule change for Vaneck Solidx Bitcoin Trust’s ETF.

In its presentation submitted to the SEC, Solidx wrote that the “futures markets [for bitcoin] perform a valuable role in price discovery,” adding that “the empirical evidence indicates that the spot and futures prices are cointegrated … this is evidence of a well-functioning capital market.”

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF in FebruaryThe company proceeded to show the commission that there is a “significant market” for bitcoin futures, citing the case of Breakwave Dry Bulk Shipping ETF which the commission approved in December last year. Applying the analysis used in the Breakwave approval order, the company asserted:

When compared to the dry bulk shipping market there is no question that the bitcoin futures market is a significant, regulated market.

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF in FebruarySolidx also wrote, “there is no question 100% of bitcoin futures trade on ‘well established, regulated markets that are members of ISG [intermarket surveillance group],’” such as the CME and the Cboe Futures Exchange. Moreover, the company told the SEC that “several properties of bitcoin and the underlying ecosystem make it less susceptible to manipulation than other commodities that underlie already approved ETPs [exchange-traded products].”

Recently, SEC Chairman Jay Clayton spoke about key upgrades he needed to see in cryptocurrency markets before he is comfortable with a bitcoin ETF.

Do you think the SEC will approve this bitcoin ETF in February next year? Let us know in the comments section below.

Images courtesy of Shutterstock, Cboe, Van Eck Securities Corp., Solidx Management Llc.

Need to calculate your bitcoin holdings? Check our tools section.

The post SEC to Decide Fate of Vaneck Solidx Bitcoin ETF by Late February appeared first on Bitcoin News.

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#USA 2 Milly files a lawsuit against Fortnite maker Epic Games over dance move

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Rapper 2 Milly is suing Epic Games over Fortnite’s use of his dance move, the Milly Rock.

The lawsuit claims direct infringement of copyright, contributory infringement of copyright, violation of the Right of Publicity under California Common Law, among other things.

From the filing:

Defendants capitalized on the Milly Rock’s popularity, particularly with its younger fans, by selling the Milly Rock dance as an in-game purchase in Fortnite under the name “Swipe It,” which players can buy to customize their avatars for use in the game. This dance was immediately recognized by players and media worldwide as the Milly Rock. Although identical to the dance created, popularized, and demonstrated by Ferguson, Epic did not credit Ferguson nor seek his consent to use, display, reproduce, sell, or create a derivative work based upon Ferguson’s Milly Rock dance or likeness.

Unless you live under a rock, you’ve seen the Milly Rock. Rock dwellers can check it out below:

On Fortnite, the dance is called The Swipe It, and it looks like this:

Back in July, around the time that Fortnite unveiled the Swipe It dance, Chance the Rapper pointed out that Epic Games tends to use dance moves popularized by famous artists in the game. These emotes cost money, and heavily contribute to the hundreds of millions in revenue that Epic Games pulls in on a monthly basis via its free-to-play game.

Moreover, the default emote on Fortnite is the relatively famous little routine from actor Donald Faison on the show Scrubs.

This lawsuit is particularly complicated considering that it’s over a dance move, which is difficult to lock down with copyright. The Verge reported that this lawsuit is the first of its kind, in that it challenges the gaming industry’s use of pop culture as for-profit virtual items. NPR reports that the U.S. Copyright Office “can’t register short dance routines consisting of only a few movements or steps with minor linear or spatial variations, even if a routine is novel or distinctive.”

That doesn’t mean there is no way to protect choreographic works. Those works, however, must be defined as “a series of dance movements or patterns organized into an integrated, coherent, and expressive compositional whole,” according to NPR.

Concluding the 22-page filing is a request for injunctive relief, which would bar Epic Games from using 2 Milly’s likeness in the game, as well as financial compensation for the use of the Milly Rock dance.

We reached out to Epic Games and will update the story if/when we hear back.

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#USA 2 Milly files a lawsuit against Fortnite maker Epic Games over dance move

Posted on by

//

Rapper 2 Milly is suing Epic Games over Fortnite’s use of his dance move, the Milly Rock.

The lawsuit claims direct infringement of copyright, contributory infringement of copyright, violation of the Right of Publicity under California Common Law, among other things.

From the filing:

Defendants capitalized on the Milly Rock’s popularity, particularly with its younger fans, by selling the Milly Rock dance as an in-game purchase in Fortnite under the name “Swipe It,” which players can buy to customize their avatars for use in the game. This dance was immediately recognized by players and media worldwide as the Milly Rock. Although identical to the dance created, popularized, and demonstrated by Ferguson, Epic did not credit Ferguson nor seek his consent to use, display, reproduce, sell, or create a derivative work based upon Ferguson’s Milly Rock dance or likeness.

Unless you live under a rock, you’ve seen the Milly Rock. Rock dwellers can check it out below:

On Fortnite, the dance is called The Swipe It, and it looks like this:

Back in July, around the time that Fortnite unveiled the Swipe It dance, Chance the Rapper pointed out that Epic Games tends to use dance moves popularized by famous artists in the game. These emotes cost money, and heavily contribute to the hundreds of millions in revenue that Epic Games pulls in on a monthly basis via its free-to-play game.

Moreover, the default emote on Fortnite is the relatively famous little routine from actor Donald Faison on the show Scrubs.

This lawsuit is particularly complicated considering that it’s over a dance move, which is difficult to lock down with copyright. The Verge reported that this lawsuit is the first of its kind, in that it challenges the gaming industry’s use of pop culture as for-profit virtual items. NPR reports that the U.S. Copyright Office “can’t register short dance routines consisting of only a few movements or steps with minor linear or spatial variations, even if a routine is novel or distinctive.”

That doesn’t mean there is no way to protect choreographic works. Those works, however, must be defined as “a series of dance movements or patterns organized into an integrated, coherent, and expressive compositional whole,” according to NPR.

Concluding the 22-page filing is a request for injunctive relief, which would bar Epic Games from using 2 Milly’s likeness in the game, as well as financial compensation for the use of the Milly Rock dance.

We reached out to Epic Games and will update the story if/when we hear back.

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#Blockchain The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets

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The Daily: Coinbase Adds Paypal for Withdrawals, Gazprombank to Manage Crypto Assets

In this edition of The Daily, Coinbase customers in certain regions can now link their Paypal accounts to withdraw fiat and sell cryptocurrencies. Also, Russia’s third-largest bank is working to launch a digital asset management service in Switzerland, and Koinex, India’s leading crypto exchange, has set up a new development center in Bengaluru, the country’s IT hub.  

Also read: Poloniex Offers Institutional Accounts, Okex Launches ‘Perpetual Swap’

Coinbase Offers Paypal as Withdrawal Option

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsLeading U.S. cryptocurrency exchange Coinbase has added support for Paypal as a payment method for withdrawals, allowing users to directly transfer fiat funds into their Paypal accounts. The availability of the withdrawal option is dependent on an individual’s country of residence.

An announcement published on its website detailed that Coinbase has introduced the ability for customers to link their Paypal and Coinbase accounts. Once implemented, Coinbase customers will able to either withdraw fiat currencies to Paypal, or sell their cryptocurrencies and use the Paypal account to receive the fiat money.

To take advantage of the service, users need to ensure they have completed all identity verification steps on Coinbase and that their listed country is correct. Then they will have to go to ‘Settings’ and click “Link a New Account” if using the desktop platform, or “Add a Payment Method” in the mobile app.

After selecting Paypal, they will be prompted to log in to their Paypal account. Currently, Coinbase customers in supported regions can only use Paypal to withdraw fiat or sell cryptocurrency. Purchases of digital assets with Paypal are not available yet.

Gazprombank Ventures Into Digital Asset Management

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsGazprombank (Switzerland) Ltd., the Swiss subsidiary of the Russian state-owned Gazprombank, plans to launch a digital asset management product in cooperation with two fintech companies, Avaloq and Metaco. The new financial service will be based on the Silo infrastructure, a crypto asset custodial solution developed by Metaco.

According to a press release, the partners will offer their clients the ability to perform crypto transactions without the need to set up a separate cryptocurrency wallet. They will be able to monitor and control both their fiat and digital funds through their accounts.

The new service will be officially launched in 2019. Gazprombank, which is the third-largest Russian bank by assets, announced its intentions to begin limited-scale cryptocurrency operations through its Swiss subsidiary earlier this year. In March, its deputy CEO Alexander Sobol said the bank is doing that in response to demand from some of its large customers.

Koinex Sets up Development Center in Bengaluru

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsDigital asset exchange Koinex, India’s leading cryptocurrency trading platform, has announced it’s inaugurating a new development center in Bengaluru, the country’s IT hub. The unit will be exploring potential implementations of crypto and blockchain technologies in various industries, the Indian daily Business Standard reported.

According to the publication, the development center will work to address different issues related to finance, payments, security and banking operations on a global scale. The Mumbai-headquartered company has already secured backing from leading venture capital companies, including Singapore-based Beenext and San Francisco-based Pantera Capital.

Koinex also noted it’s currently expanding its workforce. In addition, the company plans to allocate $1 million for investments in the development of the blockchain and crypto ecosystem in India. Koinex co-founder and CEO Rahul Raj expressed confidence in the diversification of the platform’s product offerings. He also emphasized that “digital assets exchanges are at the epicenter of all blockchain related development today.”

Coinsquare Acquires Wallet Provider Blockeq

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsCoinsquare, a major Canadian cryptocurrency trading platform, has acquired wallet solutions provider Blockeq for $12 million. According to an announcement, the crypto exchange plans to take advantage of the technology developed by Blockeq in order to expand its products and services using the Stellar Network.

The startup has so far released a number of private stellar wallets, including desktop versions for MacOS and Windows, as well as mobile apps that are currently available on both Apple App Store and Google Play Store. After the acquisition, Blockeq will continue to operate as a Coinsquare subsidiary and a separate entity.

What are your thoughts on today’s news tidbits? Tell us in the comments section.

Images courtesy of Shutterstock.

Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets appeared first on Bitcoin News.

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#Blockchain The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets

Posted on by

The Daily: Coinbase Adds Paypal for Withdrawals, Gazprombank to Manage Crypto Assets

In this edition of The Daily, Coinbase customers in certain regions can now link their Paypal accounts to withdraw fiat and sell cryptocurrencies. Also, Russia’s third-largest bank is working to launch a digital asset management service in Switzerland, and Koinex, India’s leading crypto exchange, has set up a new development center in Bengaluru, the country’s IT hub.  

Also read: Poloniex Offers Institutional Accounts, Okex Launches ‘Perpetual Swap’

Coinbase Offers Paypal as Withdrawal Option

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsLeading U.S. cryptocurrency exchange Coinbase has added support for Paypal as a payment method for withdrawals, allowing users to directly transfer fiat funds into their Paypal accounts. The availability of the withdrawal option is dependent on an individual’s country of residence.

An announcement published on its website detailed that Coinbase has introduced the ability for customers to link their Paypal and Coinbase accounts. Once implemented, Coinbase customers will able to either withdraw fiat currencies to Paypal, or sell their cryptocurrencies and use the Paypal account to receive the fiat money.

To take advantage of the service, users need to ensure they have completed all identity verification steps on Coinbase and that their listed country is correct. Then they will have to go to ‘Settings’ and click “Link a New Account” if using the desktop platform, or “Add a Payment Method” in the mobile app.

After selecting Paypal, they will be prompted to log in to their Paypal account. Currently, Coinbase customers in supported regions can only use Paypal to withdraw fiat or sell cryptocurrency. Purchases of digital assets with Paypal are not available yet.

Gazprombank Ventures Into Digital Asset Management

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsGazprombank (Switzerland) Ltd., the Swiss subsidiary of the Russian state-owned Gazprombank, plans to launch a digital asset management product in cooperation with two fintech companies, Avaloq and Metaco. The new financial service will be based on the Silo infrastructure, a crypto asset custodial solution developed by Metaco.

According to a press release, the partners will offer their clients the ability to perform crypto transactions without the need to set up a separate cryptocurrency wallet. They will be able to monitor and control both their fiat and digital funds through their accounts.

The new service will be officially launched in 2019. Gazprombank, which is the third-largest Russian bank by assets, announced its intentions to begin limited-scale cryptocurrency operations through its Swiss subsidiary earlier this year. In March, its deputy CEO Alexander Sobol said the bank is doing that in response to demand from some of its large customers.

Koinex Sets up Development Center in Bengaluru

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsDigital asset exchange Koinex, India’s leading cryptocurrency trading platform, has announced it’s inaugurating a new development center in Bengaluru, the country’s IT hub. The unit will be exploring potential implementations of crypto and blockchain technologies in various industries, the Indian daily Business Standard reported.

According to the publication, the development center will work to address different issues related to finance, payments, security and banking operations on a global scale. The Mumbai-headquartered company has already secured backing from leading venture capital companies, including Singapore-based Beenext and San Francisco-based Pantera Capital.

Koinex also noted it’s currently expanding its workforce. In addition, the company plans to allocate $1 million for investments in the development of the blockchain and crypto ecosystem in India. Koinex co-founder and CEO Rahul Raj expressed confidence in the diversification of the platform’s product offerings. He also emphasized that “digital assets exchanges are at the epicenter of all blockchain related development today.”

Coinsquare Acquires Wallet Provider Blockeq

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsCoinsquare, a major Canadian cryptocurrency trading platform, has acquired wallet solutions provider Blockeq for $12 million. According to an announcement, the crypto exchange plans to take advantage of the technology developed by Blockeq in order to expand its products and services using the Stellar Network.

The startup has so far released a number of private stellar wallets, including desktop versions for MacOS and Windows, as well as mobile apps that are currently available on both Apple App Store and Google Play Store. After the acquisition, Blockeq will continue to operate as a Coinsquare subsidiary and a separate entity.

What are your thoughts on today’s news tidbits? Tell us in the comments section.

Images courtesy of Shutterstock.

Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets appeared first on Bitcoin News.

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#Blockchain The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets

Posted on by

The Daily: Coinbase Adds Paypal for Withdrawals, Gazprombank to Manage Crypto Assets

In this edition of The Daily, Coinbase customers in certain regions can now link their Paypal accounts to withdraw fiat and sell cryptocurrencies. Also, Russia’s third-largest bank is working to launch a digital asset management service in Switzerland, and Koinex, India’s leading crypto exchange, has set up a new development center in Bengaluru, the country’s IT hub.  

Also read: Poloniex Offers Institutional Accounts, Okex Launches ‘Perpetual Swap’

Coinbase Offers Paypal as Withdrawal Option

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsLeading U.S. cryptocurrency exchange Coinbase has added support for Paypal as a payment method for withdrawals, allowing users to directly transfer fiat funds into their Paypal accounts. The availability of the withdrawal option is dependent on an individual’s country of residence.

An announcement published on its website detailed that Coinbase has introduced the ability for customers to link their Paypal and Coinbase accounts. Once implemented, Coinbase customers will able to either withdraw fiat currencies to Paypal, or sell their cryptocurrencies and use the Paypal account to receive the fiat money.

To take advantage of the service, users need to ensure they have completed all identity verification steps on Coinbase and that their listed country is correct. Then they will have to go to ‘Settings’ and click “Link a New Account” if using the desktop platform, or “Add a Payment Method” in the mobile app.

After selecting Paypal, they will be prompted to log in to their Paypal account. Currently, Coinbase customers in supported regions can only use Paypal to withdraw fiat or sell cryptocurrency. Purchases of digital assets with Paypal are not available yet.

Gazprombank Ventures Into Digital Asset Management

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsGazprombank (Switzerland) Ltd., the Swiss subsidiary of the Russian state-owned Gazprombank, plans to launch a digital asset management product in cooperation with two fintech companies, Avaloq and Metaco. The new financial service will be based on the Silo infrastructure, a crypto asset custodial solution developed by Metaco.

According to a press release, the partners will offer their clients the ability to perform crypto transactions without the need to set up a separate cryptocurrency wallet. They will be able to monitor and control both their fiat and digital funds through their accounts.

The new service will be officially launched in 2019. Gazprombank, which is the third-largest Russian bank by assets, announced its intentions to begin limited-scale cryptocurrency operations through its Swiss subsidiary earlier this year. In March, its deputy CEO Alexander Sobol said the bank is doing that in response to demand from some of its large customers.

Koinex Sets up Development Center in Bengaluru

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsDigital asset exchange Koinex, India’s leading cryptocurrency trading platform, has announced it’s inaugurating a new development center in Bengaluru, the country’s IT hub. The unit will be exploring potential implementations of crypto and blockchain technologies in various industries, the Indian daily Business Standard reported.

According to the publication, the development center will work to address different issues related to finance, payments, security and banking operations on a global scale. The Mumbai-headquartered company has already secured backing from leading venture capital companies, including Singapore-based Beenext and San Francisco-based Pantera Capital.

Koinex also noted it’s currently expanding its workforce. In addition, the company plans to allocate $1 million for investments in the development of the blockchain and crypto ecosystem in India. Koinex co-founder and CEO Rahul Raj expressed confidence in the diversification of the platform’s product offerings. He also emphasized that “digital assets exchanges are at the epicenter of all blockchain related development today.”

Coinsquare Acquires Wallet Provider Blockeq

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto AssetsCoinsquare, a major Canadian cryptocurrency trading platform, has acquired wallet solutions provider Blockeq for $12 million. According to an announcement, the crypto exchange plans to take advantage of the technology developed by Blockeq in order to expand its products and services using the Stellar Network.

The startup has so far released a number of private stellar wallets, including desktop versions for MacOS and Windows, as well as mobile apps that are currently available on both Apple App Store and Google Play Store. After the acquisition, Blockeq will continue to operate as a Coinsquare subsidiary and a separate entity.

What are your thoughts on today’s news tidbits? Tell us in the comments section.

Images courtesy of Shutterstock.

Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets appeared first on Bitcoin News.

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#Africa Nigerian logistics startup Kobo360 raises $6m funding

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Nigerian logistics startup Kobo360 has secured a US$6 million funding round to support further growth from a host of investors.

Launched in July 2016, Kobo360 enables individuals and businesses to request or schedule pickup of packages and track the driver until its final destination. It claims to be democratising transportation in the way it aggregates supply or logistics agents.

The startup, which raised US$1.2 million in pre-seed funding ahead of taking part in the Y Combinator accelerator earlier this year, has now secured US$6 million in an investment round led by IFC and also involving YCombinator, WTI, Cardinal Stone Partners, Chandaria Capital, and TLcom.

“We are excited to have our new investors to support us in redesigning transportation and logistics in Africa, and across emerging markets, by building a Global Logistics Operating System (G-LOS) to power new frontiers in trade and commerce,” said Obi Ozor, founder and chief executive officer (CEO) of Kobo360.

“Our motivation remains to aggressively reduce logistics frictions for large enterprises and SMEs, and connect new markets, and in the process unlock better wellbeing and opportunities across communities.”

Kobo360 currently has 5,000 trucks empaneled on its platform, from over 600 small fleet owners, serving some of the largest enterprises in Nigeria.

“IFC is committed to supporting the digital economy and young entrepreneurs in Nigeria and across Africa. IFC’s investment in Kobo demonstrates how disruptive technologies can enhance the development of key sectors and contribute to Nigeria’s economic diversification. This is an innovative startup that is making company operations more efficient and lowering transport costs,” said Philippe Le Houérou, CEO of IFC.

The post Nigerian logistics startup Kobo360 raises $6m funding appeared first on Disrupt Africa.

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#Blockchain Markets Update: Leading Cryptos Grind to New Lows for 2018

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Markets Update: Leading Cryptos Grind to New Lows for 2018

In the last 24 hours, many leading cryptocurrency markets have broken down to post new lows for 2018. The bloodshed has seen BCH fall below $100 for the first time ever, while the market cap of ETH has fallen below $10 billion for the first time in over a year. The total capitalization of the combined cryptocurrency markets appears on the verge of testing $100 billion, currently sitting at $107.5 billion. 

Also Read: International Cooperation ‘Critical’ to SEC Action Against ICOs 

BTC Posts New Low for 2018

BTC has broken below support at the local low at approximately $3,500, posting a new low for 2018 of $3,300 on Bitstamp and $3,370 on Bitfinex, at roughly 10 p.m. EST. BTC currently has a market cap of approximately $59.5 billion.

Markets Update: Leading Cryptos Grind to New Lows for 2018
BTC/USD – Bitfinex – 1D

The dump has also coincided with a drop in the spread between the prices on USDT and USD exchanges, with the spread between BTC markets on Bitfinex and Bitstamp currently at approximately 2%.

Markets Update: Leading Cryptos Grind to New Lows for 2018
BTC/USD – Bitstamp – 1D

BTC has fallen approximately 83% when compared with the all-time highs of nearly $20,000 posted nearly 12 months ago.

BCH Dips Below Double Figures For First Time

BCH has dropped below $100 for the first time ever, trading as low as $96 on Kraken.

Markets Update: Leading Cryptos Grind to New Lows for 2018
BCH/USD – Kraken – 1D

The sustained bearish action of recent weeks has seen the market capitalization of BCH fall below $1.8 billion, currently ranking it as the seventh largest cryptocurrency. As of this writing, BCH has shed 97% of its value when compared with its all-time high of roughly $4,000 during Dec. 2017.

Looking at the BCH/BTC charts, Bitcoin Cash is currently trading at an all-time low of approximately 0.03 BTC.

Markets Update: Leading Cryptos Grind to New Lows for 2018
BCH/BTC – Bittrex – 1D

XRP Tests $0.3

Despite experiencing a significant sell-off alongside the other leading cryptocurrency markets, XRP has held above the area of its 2018 low for now. XRP is currently trading at the $0.3 area, sitting roughly 20% above the $0.25 area of September’s double-bottom.

Markets Update: Leading Cryptos Grind to New Lows for 2018
XRP/USD – Bitfinex – 1D

When measuring against BTC, XRP appears to be consolidating after recently breaking above the 0.00009 BTC area for the first time in six months. XRP has gained roughly 100% over BTC since mid-September.

Markets Update: Leading Cryptos Grind to New Lows for 2018
XRP/BTC – Bitfinex – 1D

XRP is the second-largest cryptocurrency by market cap with a capitalization of $12.1 billion.

ETH Market Cap Slips Below $10 Billion

ETH also fell below $100 in recent days, hitting the double-figure range for the first time since May 2017. ETH is currently trading for approximately $85, down approximately 94% from the January high of $1,425. The sell-off saw record-breaking volume posted on Nov. 20.

Markets Update: Leading Cryptos Grind to New Lows for 2018
ETH/USD – Bitfinex – 1D

When measuring against BTC, ETH is currently retesting support at 0.025 BTC for the first time since exactly one year until today.

Markets Update: Leading Cryptos Grind to New Lows for 2018
ETH/BTC – Bitfinex – 1D

The crash below $100 has also seen the market capitalization of Ethereum fall below $10 billion for the first time since May 2017, with Ethereum currently ranking as the third largest cryptocurrency with a market cap of $8.8 billion.

Do you think that the worst of the dumping is over for 2018, or will we see lower prices by January? Share your thoughts in the comments section below!

Images courtesy of Shutterstock, Tradingview

At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

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