Tag: cryptocurrency investment

Coinbase’s Decentralized Exchange Acquisition Is a Shortcut to List ERC20 Tokens

As reported here on May 24, the world’s biggest cryptocurrency brokerage and trading platform, Coinbase, acquired decentralized cryptocurrency exchange Paradex. Intent to Add Tokens In an official announcement, Coinbase CEO Brian Armstrong stated that the acquisition of Paradex was part of a larger Coinbase initiative to expand globally and serve customers outside of the US. “The move not only reinforces Coinbase’s commitment to investing in decentralized infrastructure and participating in the nascent …
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Bitcoin’s Recent Institutional Demand Is Unprecedented, Says Futures Market CEO

Paul Chou, a former Goldman Sachs executive and the founder of LedgerX, a regulated bitcoin derivatives and futures market based in the US, said that Bitcoin has been seeing unprecedented institutional interest for the first time in its history. Institutional Money During an interview with Nathaniel Popper of the New York Times, Chou stated that despite the recent market correction that led the values of most major cryptocurrencies such as Bitcoin …
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Iran’s Decision to Ban Banks from Dealing with Cryptocurrency Is Unwise

Iran, which was heavily affected by the sanctions imposed by the US on the country and its businesses in January, has banned the only alternative payment method that local businesses and individuals could use to bring money in and out of the nation. Why Did Iran Ban Cryptocurrency? On April 23, the central bank of Iran effectively banned local banks and financial institutions from dealing with cryptocurrency businesses. “Banks and credit institutions …
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Ethereum’s ERC721 Can Be Used to Process Real Estate Sales on Blockchain

ConsenSys, a blockchain software technology firm founded by Ethereum co-creator Joseph Lubin, and open-source development group OpenLaw Core have created a new method for processing real estate sales on Ethereum’s immutable blockchain network. Increase in Usage of Cryptocurrencies in Real Estate Industry Since early 2017, an increasing number of realtors and property holders in the global real estate industry have begun to utilize cryptocurrencies to purchase and sell properties, such as …
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