Author: Fintech Crypto News

The inside story of the Coinbase crypto OG and Wall Street guard power struggle

Coinbase, the San Francisco crypto exchange is making a pivot to its crypto roots; the firm plans to focus its institutional efforts on crypto funds and crypto native firms. Jonathan Kellner — former CEO of Instinet — is no longer joining the firm. In mid 2018, Coinbase had big ambitions to lure Wall Street’s savviest investors and fastest traders to its marketplace. Currently the firm, which recently scored a $8 billion valuation, is returning to its roots, focusing on San Fran’s Market Street over Wall Street. That is to say, the firm is shifting its client focus away from...

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Crypto market stabilizes at $137 Billion as TRON Surges 7%, still bear-biased?

The crypto market maintained stability in the $135 billion to $137 billion range while TRON and NEO recorded seven and ten percent gains respectively as the two best performing major digital assets on the day. Throughout the past two weeks Bitcoin has shown decent volume at around $5 billion but has struggled to show signs of a major breakout above key resistance levels. The past several weeks, a few crypto assets in the likes of Ethereum (ETH) and TRON (TRX) have surged in value due to scheduled product launches. A hard fork on the Ethereum blockchain network, is set...

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BitTorrent plans to bring a Tron-powered crypto token to the masses

Binance founder Changpeng Zhao lauded Tron on Twitter for bringing a crypto-powered business model to the storied file-sharing software it bought last summer, BitTorrent. The tweet yielded over 100 retweets and over 500 likes, and a decent thread of comments following what he had to say. Many respondents seemed to jump to the conclusion that Tron would make BitTorrent a paid service. Instead, it’s giving users an option to spend some crypto – the new BitTorrent Token (BTT) to improve their user experience. The white paper promises a broad universe of possibilities. The document read that by introducing a...

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Top 6 Reasons for the crashing Bitcoin rates and consistently bearish crypto market

BTC despite recently surging, it still remains in the doldrums with its price being nearly 75 percent below last year’s ATH. On Nov. 25, 2018 Bitcoin recorded a 36 percent weekly drop (the second worst in its entire ten-year history). Past success of cryptocurrency mining During Bitcoin’s early days, your ordinary computer would be suitable for mining Bitcoin, but then it turned into a massive international business. Eventually, the Bitcoin mining craze reached its boiling point in the first half of 2018 when profitability started to decline due to falling prices and increasing cryptocurrency mining difficulty. Regulatory roadblocks The...

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Major exchange halts trading of Ethereum Classic due to a 51 percent attack on Ethereum Classic

Ethereum Classic (ETC) is feared to have suffered a 51 percent attack. As it has appeared, transactions on the platform have been rolled back causing major cryptocurrency exchanges like Coinbase to halt trading. In layman terms, double-spend attacks are when a malicious actor gains the majority computational power inside a blockchain, which they then use to enforce unauthorized transactions over legitimate ones. The official twitter handle of Ethereum Classic noted that the Ethereum Classic platform may have been compromised although the account noted that the platform is working as required. Hours later, the account released a fresh tween warning...

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