eToro partnered with CoinDash to develop a set of social trading products built on blockchain technology; eToro CEO Yoni Assia tells Banking Technology, “With thousands of new coins in the market, it can be difficult for mainstream investors to navigate this new space. The CoinDash team is enabling users to better analyse their investments in cryptocurrencies, and to learn from others.”; the eToro marketplace has more than 4.5 million users in over 170 countries, they allow users to trade based on copying or following other individual’s portfolios and recently added access to cryptocurrencies. Source.
Bitcoin exchange Coinbase is reported to have brought in more than $1bn in revenues this past year; according to a report in Recode the revenue figures for Coinbase were supposed to be $600mn but the period between Thanksgiving and Christmas pushed them to over $1bn; the company has also seen spikes in users, with more than 100,000 users signing in over the Thanksgiving day weekend. Source.
BlockFi offers loans to those who own cryptocurrencies; the company is currently in a beta launch and is lending in 35 states; ConsenSys Ventures, Kenetic Capital, PJC, SoFi, Purple Arch Ventures and Lumenary participated in the round. Source
Attrace built a trustless word-of-mouth marketing system for Web3 that enables anyone with a marketing budget to automate affiliate results.
Stock markets have had quite the year in 2020 and bitcoin, which is always volatile, has also had a big...
Studies have highlighted Africa's growing adoption rates of cryptocurrencies but little has been devoted to how the crypto winter impacts,
Many in the crypto markets believe there is a crypto winter happening right now as firms try to figure out...
Researches have investigated price manipulations in cryptocurrencies and have written a paper titled “Price Manipulation in the Bitcoin Ecosystem” which shares their findings; many of the newer cryptocurrencies as well as bitcoin in the early days were subject to manipulation since they were thinly traded; the article also shares instances of fake trades during the Mt.Gox hack. Source
Digital banking app Revolut is looking to embrace the cryptocurrency wave and incorporate features into the app; the new features would let users exchange and use bitcoin as well as other digital currencies; there is no set plan for the new features but Head of Mobile, Edward Cooper, tweeted that potential changes were coming on cryptocurrencies as Crowdfund Insider reports. Source.
The New York Times reports that the parent company of the New York Stock Exchange, Intercontinental Exchange or ICE, has...