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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Crypto Start-up Gives Millions to Top Schools to Encourage Blockchain Adoption
San Francisco-based Ripple has announced the University Blockchain Research Initiative – a partnership with 17 top universities from around the globe focused on supporting and accelerating “academic research, technical development and innovation in blockchain, cryptocurrency, and digital payments.”

Samsung SDS Unveils Blockchain-Based Finance Platform Nexfinance
Samsung SDS unveiled Nexfinance, a platform that will offer services such as digital identity, finance concierge, an artificial intelligence virtual assistant, and automatic insurance payment, according to ZDNet.

Bitcoin May Finally Be Bottoming, Chart Watcher Says
Rob Sluymer, a technical strategist at Fundstrat Global Advisors, sent a note to clients, as reported by MarketWatch, “While it is premature to conclude the correction is over, there was a positive technical development this week suggesting the first stage of a three-stage bottoming process is developing.”

Bitcoin, Ethereum and Ripple Price Predictions
The three main Cryptocurrencies kept their bullish profile over the weekend. FXStreet analyzes the three, “This is a very particular technical scenario, as each one of this trio of Cryptos has its own different scenario, but with similar results in the price action.”

Image courtesy of Carty Sewill, http://cartyisme.com/

The Seattle-based cryptocurrency exchange Bittrex has revealed that the firm has struck an agreement with a United States bank to allow some of its customers to trade cryptocurrencies in USD, along with making USD deposits to the exchange’s wallets.

In a move that was first teased by Bittrex CEO Bill Shihara on the podcast UnikrnRadio, Bittrex will allow corporate clients in select states buy cryptocurrencies such as bitcoin using the United States fiat dollar. Bittrex offers over 200 different cryptocurrencies in total, though only a few will have USD trading pairs.

The first trading pairs of BTC, TUSD, and USDT have been detected by Twitter user BitMartian’s “Apollo” bot that’s used to send a popular Discord group notifications on exchanges listing new coins or trading pairs.

The crypto firm is said to be working with New York-based Signature Bank to custody any funds in USD.

CEO Bill Shihara told Bloomberg in an interview, it’s been a long path,” adding:

“It’s not just about banks being able to trust Bittrex. It’s about banks being able to trust crypto in general. And I think it’s really showing that crypto is turning the corner in terms of mainstream acceptance.”

Shihara notes that part of striking the deal required potential bank partners to “look and pore through the entire business… soup to nuts”, ensuring “robust” anti-money laundering and know your customer standards are in place, among other security measures.

USD trading is available as of today to only a portion of Bittrex’s 3 million customers, specifically corporate customers in the states of Washington, California, New York, and Montana. The exchange plans to expand to include additional states and eventually all retail investors in the future.

Last month, Bittrex reopened new user registrations after shutting down signups in December 2017 due to the rapid influx of new investors during bitcoin’s media frenzy.

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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Hospital Launches Cryptocurrency Addiction Rehab Clinic
A Scottish hospital has launched a crypto rehab unit and by all accounts, the calls are flooding in. “Cryptocurrency users can get hooked by the volatile fluctuation of prices online which creates a ‘high’ when they buy or trade a winning currency,” said Castle Craig Hospital in a press release. “This can be exciting but also addictive and, like gambling addiction, can be financially disastrous.” MarketWatch features a 10 question survey for you to determine if you’re a pathological cryptocurrency addict.

Venezuela Bans Crypto Mining Rigs From Entering the Country
Despite the Venezuelan government embracing cryptocurrency with open arms, reports BlockExplorer’s Tony Spilotro, the country has taken a stand against cryptocurrency mining, going as far as to ban related computer equipment from entering the country.

Trading App Startup Taylor Says All Funds Have Been Stolen In Cyberattack
Taylor, a smart cryptocurrency trading assistant, was robbed of all of their funds, ZDNet reports.
The attack is said to have taken place on Tuesday of last week. In a Medium blog post, the Taylor team said “all of our funds have been stolen. Not only the balance in ETH (2,578.98 ETH) but also the TAY tokens from the Team and Bounty pools.”

Blockchain NW, Seattle’s First Crypto Conference, Begins Next Week
Seattle’s first blockchain conference begins Tuesday, June 5. The event will feature 50+ speakers who specialize in blockchain business and technology. Special to this event is a Blockchain career fair set up to match Pacific Northwest employers and employees. And if there was any doubt, tickets can be purchased with cryptocurrency.

Image courtesy of Carty Sewill, http://cartyisme.com/

San Francisco-based Coinbase, one of the United States largest cryptocurrency exchanges, is following up their most profitable fiscal year with aggressive expansion, making a number of big name acquisitions such as Earn and Cipher Browser, and rolling out an extensive suite of new products aimed at satisfying the needs of institutional investors.

As part of their expansion strategy, Coinbase yesterday announced the rebranding of their flagship GDAX trading platform to Coinbase Pro, along with the acquisition of the 0x protocol-based decentralized exchange Paradex. Through Paradex, Coinbase will first offer peer-to-peer trading of ERC20 tokens outside of the US, with plans to bring the service to the US after making some compliance-related changes.

The news sent waves throughout the cryptocurrency community, but one important part of Coinbase’s announcement was mostly overlooked: Coinbase plans to offer crypto staking in the future. According to Coinbase Pro GM David Farmer via an official Coinbase blog post, the firm’s vision “is to give customers the ability to participate in services like staking and protocol voting that are distinct to crypto,” adding:

“As the decentralized ecosystem advances, we expect there will be many more opportunities for customers to interact with digital assets in new and unique ways.”

Cryptocurrency staking is a process in which investors can generate and earn passive income simply by holding coins in their wallet, and leaving it open. Coinbase adding staking would make their platform even more attractive for long-term ‘HODLers,’ as long term investors can keep their coins safely in a secure, insured wallet, all while generating interest on their holdings.

Coinbase Pro is available as of this writing, while GDAX will cease to exist as of June 29th in what Coinbase calls a seamless rollover. No timeframe was given on when staking may be expected, but it’s clear that providing investors with features that are unique to crypto are among Coinbase’s top priorities.

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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Verge Blockchain Exploited Again, Hackers Steal $1.7 Million in Tokens
Last month, privacy-focused cryptocurrency Verge was the victim of a ’51 percent attack’ – an unfortunate scenario (for Verge and its investors) that resulted in roughly 250,000 XVG being stolen. Verge responded with a hard fork, but unfortunately, it appears the vulnerability still persists today despite countermeasures being taken. BlockExplorer’s Tony Spilotro reports.

Pentagon Contemplates Whether to Flag Cryptocurrency Owners as Risky
The Pentagon is trying to decide if owning cryptocurrency is an indicator of risky personal behavior, one that should flag extra scrutiny in security clearances.

TapJets Adds Ripple and Litecoin for Flight Bookings
TapJets, an American company that offers customers to submit private charter requests with their smartphones, makes it easy for users to pay for services with Bitcoin, and now also Ripple and Litecoin.

Bitcoin Cash is a Must-Own, Says Crypto Investor Brian Kelly
A proposed bitcoin cash development fund could give the digital currency more value, said cryptocurrency trader Brian Kelly to FastMoney this week.

​Akamai, Mitsubishi UFJ Financial Announce Blockchain-Based Payment Network
The payment network, ZDnet reports, “is expected to be capable of processing more than 1 million transactions per second, thanks to blockchain.”

Image courtesy of Carty Sewill, http://cartyisme.com/