Yahoo brings crypto to its trading platform Is adoption drawing near? It might be. Yahoo Finance—the news, business, and trading platform run by Yahoo—has listed four cryptocurrencies on its exchange. The chosen are Bitcoin, Bitcoin Cash, Litecoin, and, er, Dogecoin. Is this a sign of the adoption everybody’s clamoring for? Let’s be honest, probably not. […]
Is adoption drawing near? It might be. Yahoo Finance—the news, business, and trading platform run by Yahoo—has listed four cryptocurrencies on its exchange. The chosen are Bitcoin, BitcoinCash, Litecoin, and, er, Dogecoin. Is this a sign of the adoption everybody’s clamoring for? Let’s be honest, probably not. Yahoo, remember, is the brains behind the search engine so bad its own employees don’t even use it,
Square brings crypto to its mobile payments platform
Might Square fare better? The mobile payment platform has acquired a patent for traders to exchange almost any cryptocurrency of their choosing. Square has a sizeable user-base and an annual net revenue of $2.2bn, over double that of BitPay, the current crown-bearer in the mobile payments game. But Square’s plan wouldn’t be real adoption—crypto-transactions will be instead stored on a private third-party blockchain, “off-chain,” wrenching coin ownership from the hands of the people. Oh well.
Cboe brings ether futures to its exchange platform
Third time lucky? Global futures exchange Cboe is nearing completion on a futures trading platform for ether - allowing investors to speculate on the future price of the currency to their heart's content. The new exchange will be rolling out at the end of this year. This could mean widespread adoption is just around the corner, or not. The last time a futures market opened for a cryptocurrency—bitcoin in December 2017—there was a brief hike in price, followed by an immediate crash. Be careful what you wish for.
Statistica's new report says Turkey has the highest percentage of population that owns crypto.
It's easy to see why. See what a 58-year-old retiree said in an interview with Bloomberg below.
Imagine if exchanges declared that users could no longer sell Bitcoin after 50% drop. pic.twitter.com/ERH3EWHneO
Adoption’s best chance may instead be in Turkey, according to a new report from Paris-based statistics firm Ipsos. Some 18 percent of the country’s population holds crypto, double the rate of the average European. It’s not difficult to see why. The Turkish lira, Bloomberg points out, has taken a beating under President Recep Tayyip Erdogan’s mismanagement and in the wake of a feud with the United States, leaving newly out-of-pocket Turks scrabbling for spare change. Cryptocurrency, at least partly, was designed to undercut such economic cock-ups. Turkey, almost by accident, has presented a golden opportunity for crypto to prove its worth.
Crypto sleuthing firm Chainalysis has added support for Crypto.com’s Cronos blockchain, its native coin CRO, and all CRC-20 tokens that trade on the Cronos chain to its Know Your Transaction service.
This marks the latest upgrade to the Chainalysis KYT service, which flags suspicious and high risk transactions for compliance teams at traditional and crypto financial institutions. The service counts Robinhood (HOOD), BNY Mellon (BK), PayPal (PYPL) and Genesis among its clients.
Cronos is an inte...
It's pretty well known that lots of crypto people have moved into Clubhouse, the hot, audio-based social media platform. The biggest group? Black Bitcoin Billionaires, which claims 17,000 members.
Now Square Inc., via its CashApp, is partnering with the group's organizer, Lamar Wilson, to create more Black millionaires through Bitcoin via “Operation: Satoshi Millionaire.” The month-long campaign began February 4 and focuses on getting Bitcoin into the hands of more Black families, and educating...
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Poyo no! There’s a scammer running amok on Augur. “Poyo,” a mysterious figure associated with a wad of defunct markets, has been exploiting the prediction market’s “invalidity rules,” in which funds staked on badly worded/constructed markets are redistributed evenly to bettors once the market is shuttered. By deliberately designing these markets to guarantee their failure, Poyo has been profiting off this redistribution of funds...
