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Bitmain Leads Circle’s $100 Million Round; Teams Up to Create Stable Coin

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Bitmain Leads Circle’s $ 100 Million Round; Teams Up to Create Stable Coin

Bitmain, the largest of the Bitcoin mining operations, is putting its muscle behind mobile payments and cryptocurrency trading firm Circle by leading a $ 110 million Series E round of funding, the companies announced on Tuesday, March 15, 2018, at Consensus in New York City.

Several other venture capital firms, including Breyer Capital, General Catalyst and Accel, joined the round, which now pushes the value of Boston-based Circle to $ 3 billion, from a reported $ 480 million in 2016, according to a statement by Circle.    Read more...

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100+ Crypto Exchanges in South Korea – Government’s Real-Name System Ineffective

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100+ Crypto Exchanges in South Korea – Government's Real Name System Ineffective

There are reportedly more than 100 exchanges in South Korea, most of which are not using the government’s real-name system. None of the small and medium-sized exchanges can use this system since banks have opted to only provide this service to the country’s largest exchanges.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

30% Conversion Rate

It has been over 100 days since the government’s real-name system was implemented at the end of January. However, most crypto transactions are still not made through this system. All small and medium-sized exchanges continue to transact through corporate accounts. Business Korea elaborated:  Read more...

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Coinbase Acquires Earn.com for an Estimated $100 Million

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Coinbase Acquires Earn.com for an Estimated $ 100 Million

Coinbase has completed the acquisition of Earn.com, an app that lets users get cryptocurrency for answering emails and completing tasks. The Earn startup team joins the company and the founder will serve as its first CTO, as part of the deal.

Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49%

Coinbase’s Latest Acquisition

Coinbase Acquires Earn.com for an Estimated $ 100 MillionSan Francisco-based cryptocurrency exchange Coinbase has announced today that it has acquired Earn.com (formerly known as 21 Inc). As we reported in the past, the service allows senders to pay users in cryptocurrency to reply to emails and complete tasks. Coinbase CEO Brian Armstrong said: “We’re going to be doubling down on the Earn business within Coinbase, as they have built a paid email product that is arguably one of the earliest practical blockchain applications to achieve meaningful traction.”  Read more...

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HODL For GODL: Bitcoin Investors Wait Just 189 Days For 100% Returns

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A Bitcoin investor has waited less than 200 days to double their money during any period since 2011, new data reports.

Double, Not Quits, In Under 200 Days

Uploading a chart showing how often investors gained 50% and 100% on their investment into BTC, a social media cryptocurrency commentator calculated a median value of 189 days for funds to increase twofold.

The figures make interesting reading as both Bitcoin and altcoin prices continue to fall towards $ 6500 March 30, having extended losses which began back in December.  Read more...

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Bought the Dip? Bitcoin Price Up Nearly 100% Since Last Month

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Bitcoin price has almost doubled from its lowest price in February, hitting over $ 11,000 once more according to averaged figures from major exchanges Friday.

2018 In Bitcoin: Rags To (More) Riches?

The refreshing comeback, which lifted BTC/USD from a slump below $ 6000 early last month to highs of almost $ 12,000 just weeks later, has spurred fresh optimism on the largest cryptocurrency’s long-term prospects.

On Thursday, stock trading expert Ronnie Moas noted similarities between Bitcoin’s performance and that of Amazon’s stock, suggesting the run-up to 2033 will see BTC mimic the giant’s $ 750 billion successes.  Read more...

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Litecoin Founder Lee: I Sold 100% Of My Litecoin Holdings

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Litecoin creator Charlie Lee has “sold or donated” his entire Litecoin wealth to avoid “conflicts of interest” arising from its growth.

Six Years On, Only Physical Litecoins Remain

In a Reddit post today, Lee made the surprising admission after what he described as “accusations” he was engaged in various activities for “personal benefit.”

Lee wrote:

For this reason, in the past days, I have sold and donated all my LTC. Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoin’s success. […] For the first time in 6+ years, I no longer own a single LTC that’s not stored in a physical Litecoin.  Read more...

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OpenBazaar 2.0 Now Running on Tor Network (The Cryptoverse #100)

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OpenBazaar has just run the first successful test on its upcoming version 2.0, designed to run on the Tor privacy network.

Support The Cryptoverse Podcast by visiting the Cryptoversity Store:
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Sources:

OpenBazaar 2.0 Now Running on Tor Network

FBI Contracted Former Tor Developer To Create Torsploit Malware

Tor Contributor Leaves Network, Crucial Node Stops Running

Produced by Cryptoversity.com the online school where you set the price to learn about Bitcoin, crypto-currencies and blockchains.

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