Bitcoin 

Coinbase and Barclays Part Ways, Will UK Users Be Affected?

It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank.  While Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme (FPS), enabling instant withdrawals and deposits of British pounds at the exchange, ClearBank won’t offer the exchange the same service until at least the end of Q3 2019. Deposits and withdrawals in pounds for Coinbase’s U.K. customers, which once took seconds, will for…

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Bitcoin 

QuadrigaCX Users Request Details on How EY Lost 103 Bitcoins

Users of now-defunct Canadian cryptocurrency exchange QuadrigaCX are requesting further information concerning the recent loss of 103 Bitcoins (BTC) during the funds’ recovery. An unfortunate loss As Cointelegraph reported in February, one of the Big Four accounting firms — EY (formerly branded as Ernst & Young) — was appointed by QuadrigaCX as an independent third party to monitor the proceedings in a creditor protection case. Ey announced at the time that “Quadriga inadvertently transferred 103 Bitcoins valued at approximately $468,675 to Quadriga cold wallets, which the Company is currently unable…

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Bitcoin 

Kraken Users’ Report Difficulties With Connecting to Site and API

San Francisco-based cryptocurrency exchange Kraken’s users are experiencing difficulties with connecting to the site and application programming interface (API). In a tweet published on Aug. 13, Kraken warned the public that it is receiving reports of clients having issues connecting to the site and API. The exchange further states that it is investigating the issue and will post related update. Back in January, the Exchange Security Report from independent analysts at ICORating gave 16 percent of the world’s biggest crypto trading platforms an A rating, and none of them an…

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Ethereum 

IRS Sending ‘Fishing’ Letters to Crypto Users So They Pay Taxes

The United States Internal Revenue Service (IRS) is sending letters to crypto investors to apparently scare them into accurately reporting their crypto-related income.   ‘Don’t Panic’ According to a Forbes report by crypto tax attorney Tyson Cross, published on July 26, a number of Cross’s clients have received a letter “6174-A” from the IRS, threatening “future civil and criminal enforcement activity” if they fail to fully comply with reporting requirements. IRS Letter 6174-A. Source: Tyson Cross via Forbes While Cross notes that the letter may give the impression that it is…

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Cryptocurrency 

Esports Platform Tackling Centralization in Betting Industry Amasses 260,000 Users

An esports platform with a working product on the Ethereum mainnet says it is tackling the centralized nature of the online betting industry by enabling users to place wagers with their friends and family instead of old-fashioned bookmakers. Hero says it has amassed more than 260,000 registered users and a community in which anyone can create contests based on a plethora of sporting events. In recent months, the company has focused its resources on offering compelling markets for titles such as Dota 2, League of Legends and Counter Strike: Global…

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Cryptocurrency 

Coinbase Added 8 Million New Users in the Past Year

America’s biggest cryptocurrency exchange and wallet service Coinbase has signed up 30 million users since launching in 2012. New user signups slowed after Bitcoin price peak Over the past 12 months, Coinbase has registered eight million new users, according to data revealed by Bitcoin (BTC) investor and entrepreneur Alistair Milne in a tweet on July 22. Number of Coinbase users since January 2014. Courtesy of Alistair Milne on Twitter Based on the chart above, the rate of new users sign ups has slowed compared to the second half of 2017,…

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Bitcoin 

Opera Web Browser Crypto Wallet to Expand Services to iOS Users

Major web browser Opera has announced the upcoming launch of Opera Touch for iOS, according to an official press release published Tuesday, March 5. Opera Touch is a Web 3 browser with an integrated crypto wallet and support for Ethereum (ETH) and interactions with decentralized applications (DApps). Back in December, Opera launched its “Web 3-ready” browser with a built-in crypto wallet for Android users. Opera explains the decision to expand its services to iOS as the result of the successful integration of the crypto wallet and DApp explorer for Android.…

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Ethereum 

What Do Venezuelan Users Think of Petro?

When the Petro was unveiled to the world by Venezuela’s President Nicolas Maduro, he led the cheering squad about what a groundbreaking and successful idea it would be. A government-backed, oil-pegged, cryptocurrency that would aid the ailing Venezuelan nation in their time of crisis with a hyper-inflated currency. However, the pomp and promise of the Petro has quickly been dissected and seen through as the feeling coming from those in Venezuela, as well as those who have been exiled or left on their own accord, see the Petro as one…

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Ethereum 

Coinbase Announces Three Data-Based Trading Signals for Users

American cryptocurrency exchange and wallet service Coinbase announced that it has released aggregated data in the form of three trading signals to its customers. Coinbase announced the new offerings in an official blog post on July 17. The three trading signals that are being offered are top holder activity, typical hold time and popularity, and price correlation. The purported aim of each of these offerings is to allow investors to create more informed trading strategies, by means of insights that go beyond raw price metrics. The typical hold time signal,…

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