April 24, 2019

Crypto Giant Coinbase Shutters Chicago Division After Non-Stop Growth

Coinbase has been on a tear for the past 12 months. Even amid a grueling downturn in Bitcoin markets, the firm, valued at a hefty $8 billion, has continued to forge ahead, keeping its nose to the proverbial grindstone. But, at last, the prominent startup has stumbled, albeit rather uncharacteristically. Coinbase Drops 30 Employees Save...
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Binance Coin (BNB) Price Correction Likely Over, Should You Buy?

Binance coin price corrected sharply after trading to a new 2019 high near $25.80. BNB corrected lower towards a crucial support area near $21.40 and it is likely to bounce back. Binance coin corrected below the $23.50 support and tested the key $21.40 support area. There is a major bullish trend line forming with support...
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Bitcoin Cash (BCH) Price Analysis: Sharp Decline, Crucial Buy Zones Nearby

Bitcoin cash price declined sharply today below the $300.00 support level. However, BCH is now approaching crucial supports and it could bounce back in the near term. Bitcoin cash price declined sharply from the $312.11 swing high and broke $300.00. BCH broke a connecting bullish trend line with support at $294.00 on the 2-hours chart....
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Bittrex Clears the Air on the Flagged North Korean Users on its Platform

In a statement posted on its Twitter account on April 22, popular cryptocurrency exchange Bittrex has debunked the claims from the New York State Department of Financial Services (NYDFS) that it has North Korean users trading on its platform. The NYDFS through the Executive Deputy Superintendent for Banking Shirin Emami, had published an op-ed where...
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Coinbase Decommissions Political Action Committee with Zero Donations

Cryptocurrency exchange behemoth, Coinbase has decommissioned its political action committee (PAC). This move comes after nine months after the San Francisco-based exchange service created the PAC which incidentally did not raise any funds. Meanwhile, there continues to be a growing intersection of cryptocurrency and politics not just in the United States but in other countries...
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10 Years: Santa Clara Judge Passes the First SIM Swapping Sentence in America

A Santa Clara judge has sentenced a college student to 10 years in prison after he was found guilty of stealing millions in crypto assets through SIM swapping. In what’s seen as the first official conviction of a crypto SIM swapping scam in the United States, Joel Ortiz, a 21-year-old student of the University of...
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Sell The News: Binance Launches DEX & Singapore Crypto Platform, BNB Slumps

Crypto exchanges and startups haven’t done all too hot in the potentially still ongoing crypto downturn. Profits are decimated, staff morale is hitting lows, and layoffs and budget reductions remain commonplace. But Binance has gone against the grain, continuing to make jaw-dropping announcements day in, day out. The Malta-registered company continued this trend on Tuesday,...
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Coinbase Closes Chicago Office and Scales Down Work on Matching Engine

Major United States-based cryptocurrency exchange Coinbase shut down its Chicago office and scaled down the development of its matching engine. Major United States-based cryptocurrency exchange Coinbase shut down its Chicago office and scaled down the development of its matching engine, Fortune reports on April 23. Per the report, the exchange will consolidate the high-frequency trading...
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