TapJets, which deals with private flights, plans to integrate one of the three coins as a means of payment.
Yesterday, May 15, at block 530356 in Bitcoin Cash network there was a hard fork, which resulted in the previously announced increase in the block size from 8 to 32 MB.
Lambos parked in front of the entrance to the largest crypto conference Consensus 2018, were just a kind of a promotional action. In reality, these cars did not belong to investors in bitcoin or other cryptocurrencies, and by order of the organizers of the event were provided by Broadway Supercars from New Jersey.
One of the most recognized crypto exchange Coinbase has unveiled today 15th of May their plan to attract big institutions into the cryptocurrency and blockchain world. With the offering of a couple of products like “Coinbase Prime” that will target the institutional investors with sophisticated trading and data tools. This new trading platform will be separate from their well known GDAX exchange. Their general manager Adam White has stated: “At Coinbase, we welcome these developments as they help accelerate the world’s adoption of cryptocurrency by bringing new capital, greater awareness, and additional infrastructure to the space. This movement requires institutional grade products and services, something Coinbase has been developing with leading institutions and which we are proud to formally launch today”. Another product that was announced was “Coinbase Markets”. It is the company’s brand new electronic marketplace that will be managed from their new Chicago office. This will provide a centralized liquidity pool, putting all of the company’s products in one place. “In the past few months, over 100 hedge funds announced plans to trade and invest in cryptocurrency, signaling heightened interest from institutional clients and financial services professionals for a source of liquidity and custody for their digital assets” the company has stated. Officially has been confirmed that the company is launching the Custody service in partnership with ETC, which is a SEC-regulated broker-dealer. This service provides a special level services to enable institutions to keep their coins with Coinbase. It is an effort to go beyond and offer a higher standard of service in the level of what institutions require. “We have leveraged our experience safely storing more than 20 billion dollars of cryptocurrency to create Coinbase Custody, the most secure crypto storage solution available,” said Coinbase’s general manager Adam White in their statement blog. And the last but not least is the Coinbase Institutional Coverage Group. This product was designed for special type of customer service that banks need. This group will be operated from Coinbase’s New York City office. These announcements from Coinbase come at a special time when big banks like Goldman Sachs have been making prepares to launch their attack into the crypto sphere. For companies like Coinbase this is a clear sign that they also need to step up their game and build all of the necessary tools and infrastructure to accommodate the needs of the big players in the traditional finance sector. There have been also attempts of others like Circle. A small firm that offers new and inventive products called block trading which is a tool for helping institutions to make large transactions. There is also the Robinhood app, a popular choice for millennials that very recently had announced their big plans for transforming the cryptocurrency trading experience and bringing it to a whole other level. The statement of Adam White the general manager of Coinbase also confirms this: “We think this can unlock 10 billion dollars of institutional investor money sitting on the sideline. We are seeing a rapid increase in attention awareness and adoption in the cryptocurrency market.”
Ripple Xpring project has been launched for financial support to companies developing products and services for XRP.
Chris Lee the CEO of one of the biggest crypto exchanges in the world OKEx have resigned. He left the company in a special moment when they have just reported the largest turnover in the market on a world scale. As he had stated in an email today (14th of May) the reasons were simply personal as quoting “starting a new life”. A separate public statement issued by his spokeswoman, Chris Lee have said working for OKEx was as quoted “greatest pleasure and an honor” and that he will make a comeback into the world of blockchain and crypto after a short break to spend some time with his family. No specific reasons were given for his departure. As of the past 24 hours OKEx has handled well over 2 billion dollars worth of cryptocurrency trades thus making itself the worlds most actively traded crypto exchange according to Coinmarketcap.com. OKEx has seen an uptrend in the global ranking for over some time and recently had performed an overtake of Binance as the biggest by volume trading crypto exchange. There have been some reactions from some of the popular crypto figures and other social media commentators raising skepticism about the trading numbers given by OKEx. Some even suggested that the company was as stated “up to its old tricks” relating to the event from a few years back when OKEx’s parent company OkCoin had been involved into a scandal over allegedly fake trading volume. This event had the former OKCoin’s CTO and now current CEO of Binance Changpeng Zhao revealing an alleged accusation that OKCoin has violated a breach of contracts.
In this era, when crypto traders can harness the real power of Blockchain technology from decentralized exchanges, trading on a centralized exchange is a misplaced priority. You see, the problem with centralized exchanges is that, not only do they serve a central authority but also have a single point...