Texas residents are able to trade using one of the leading cryptocurrency trading apps that offer commission-free trading service. Currently, Robinhood is already available in Virginia, Indiana, Utah, Arizona, Pennsylvania and was first made available in California. The cryptocurrency trading app company has also revealed its expansion plan of their services to European Union investors soon.
A report prepared by International Monetary Fund (IMF) regarding the global monetary policy, indicate the potential of cryptocurrency may reduce the demand for fiat currency. The report said, “We cannot rule out the possibility that some crypto assets will eventually be more widely adopted and fulfill more of the functions of money in some regions or private e-commerce networks.”
Alibabacoin Foundation is all ready to hold their giveaway event on 15th June and 14th July. As per the report, there are around 50,000,000 of Alibabacoin (ABBC) to be given away to the public. Each user will be given 100 ABBC on completing registration, KYC procedure and downloading the multi-crypto wallet to receive the ABBC coins.
The Crypto EXPO Asia Forum would be featuring diverse topics including ICOs. Suntec Singapore Convention and Exhibition Centre organized an event which is scheduled to happen on 26th October. Worldwide cryptocurrency marketers from Singapore, Vietnam, Philippines, Malaysia, Indonesia, Hong Kong, Thailand are all expected to gather under the same roof in the event.
Kraken has recruited Mary Beth Buchanan as the general legal counsel. She formerly served as the United States Attorney for the Western District of Pennsylvania. She has also worked in an international legal firm called Bryan Cave. The Kraken crypto exchange is currently operating in Canada, Japan, the United States and the European Union.
The largest cryptocurrency exchange in the world, Binance has invested into a blockchain-powered esports voting platform called chiliZ. The CEO of the Malta-based cryptocurrency exchange, Changpeng Zhao shared his opinion considering chiliZ using a “creative way to embrace blockchain technology” in encouraging the mainstream adoption. The chiliZ has already raised $27 million through private placement.
Due to cyber-attack, Bitfinex briefly halted its services that platform to be under extreme load. The Hong Kong-based company was said to be attacked by distributed denial-of-service attack (DDoS). The company explained, “The previous outage was caused by issues with one of our infrastructure providers. While the platform was recovering, the attack caused extreme load on the servers.”
A new cryptocurrency wallet to increase the use of Bitcoin cash has been launched by Cryptonize.it named Cashpay. The co-founder of Cryptonize.it commented, “We’re proud to present Cashpay, a bitcoin cash exclusive wallet focused on increasing the use of bitcoin as cash and supporting community charities.”
A significant drop of 90% has been recorded since December in Google Trends regarding bitcoin interest. The co-founder of DataTrek Research, Nicholas Colas reported to CNBC and said, “We use Google Trends to track search queries for ‘bitcoin’ as a proxy for potential new buyers,” he added. “Bitcoin needs a new narrative in order to reestablish global attention.”
One of the largest cryptocurrency exchange, Coinbase has shared its expansion plan to penetrate the Japanese cryptocurrency market. Coinbase is aware of the mandatory process needed to be taken by any cryptocurrency exchange that wished to operate in the country, seeking for a legal operation license with the Financial Services Agency (FSA) within this year.