The popular cryptocurrency exchange Coinbase recently added a new custodian service for major institutional investors. Catering to hedge and state run wealth funds, the new service, Coinbase Custody, has a whopping $10 million minimum deposit with a hefty $100,000 set-up fee. So what will Coinbase Custody provide for its…
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Japan Embraces the Cryptocurrency Movement due to China's Suppression of Digital Currencies
A year ago, China had 90 percent of the bitcoin trade. However, Beijing banned initial coin offerings or ICOs and regulators cracked down on bitcoin exchanges. In September, the bitcoin trade was taken over by another Asian dynamo. Japan realized bitcoin was a legal form of payment and now bitcoin…
KPMG Accounting Giant Promotes Blockchain Advocacy Group
KPMG one of the four largest accounting giants has joined the Wall Street Blockchain Alliance (WSBA). KPMG has joined the non-profit trade Association, WSBA, as a corporate member. KPMG will take a seat on the board of directors, according to a recent press release. Eamonn Maguire, global leader for KPMG’…
Coup in Zimbabwe Could Positively Impact on Bitcoin Prices
Instability in Zimbabwe could send bitcoin prices higher. Zimbabwe’s military initiated a coup against President Robert Mugabe, the controlling leader who has been the head of Zimbabwe for nearly 40 years. The military denies it is trying to over throw the government, but the 93-year-old president has purportedly been…
According to Forbes, Bitcoin Prices Could go as High as $196,165.79
Now, Bitcoin prices are around $196,165.79 per coin. This is per coin or about 30x the current value. A survey including 564 American investors, published in LendEDU, shows that bitcoin is rising in value according to polling Data. Michael Brown, a research analyst with LendEDU claims this is…
DBS, One of Asia's Largest Banks, Claims Bitcoin is a Ponzi Scheme
Several legacy or traditional financial institutions turn their noses up at Bitcoin with the feeling that the world's most known decentralized cryptocurrency is fraudulent and should be considered as a Ponzi scheme. At the Singapore FinTech Festival, DBS's group chief information officer BS said to CNBC: Bitcoin is a Ponzi…