Tag: Coinplug

Tim Draper Made $16 Million in Bitcoin Investment So Far, His Other Investments

Tim Draper, by far the most successful early stage bitcoin supporter amongst mainstream investors, has already made over US$16 million in his investment in bitcoin alone. Since 2014, Draper focused on providing necessary early stage investment to companies building infrastructure for daily traders and users. While the vast majority of billionaire investors were skeptical towards bitcoin and companies within the industry, Draper granted startups with full financial and strategic support. …
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Users Outrage Over Xapo Bitcoin Platform’s Impractical KYC Processes

Xapo, a widely utilized bitcoin wallet platform and service provider has been criticized for its impractical Know Your Customer (KYC) policies in recent weeks. Users reported various infeasible situations when depositing and withdrawing funds to their bitcoin wallets. Over the past few years, Xapo has established an active user base with a simplistic and user-friendly application, bitcoin vault service, and bitcoin debit card. As the platform grew larger in size, the …
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South Korea’s KB Kookmin Bank Developing Blockchain Exchange Service

KB Kookmin Bank, one of South-Korea’s largest financial institutions and subsidiary of KP Financial group, has partnered with blockchain solutions provider company Coinplug, to provide cross-border foreign exchange services that will utilize blockchain technology. According to statements released by KB Kookmin Bank, a Memorandum of Understand has been signed between KB and Coinplug. “KB Kookmin Bank is on joint development with Coinplug for the efficient overseas remittance, based on blockchain …
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