Blockrize is aimed at issuing 1% ‘crypto back’ rewards to its customers in Bitcoin or Ethereum. The customers will be given 1% in cryptocurrency for every purchase they make. The credit card purchase through Blockrize detailed ‘earning 1% crypto back in Bitcoin and Ethereum in 2017 would equal 6.7% and 16.6% cash back on every purchase.’
The price of Bitcoin experienced downfall being traded at $8,371. It is observed that the bitcoin price has dropped by 28% from the high of $11,660. The prices of Nano, TRON, and ICON have also fallen. The bitcoin price has depreciated by 20.98 percent over the week. Presently, Bitcoin is traded above $9,000.
Multicoin Capital, the crypto investment fund, aims to raise $250 million by the end of the year. The investment fund made $50 million. Investments were received from Chris Dixon, Compound, Vy Capital, Passport Capital, Adam Zeplain of Mark VC, Ari Paul of Blocktower and Elad Gil of Color Genomics and Twitter.
An established cryptocurrency wallet platform recently updated its new feature that will now fully integrated Bitcoin Cash in their platform. The new update will benefit the users in checking their BCH balance in the wallet as well doing the transaction using the iOs device.
World’s first blockchain games, Cryptokitties now gaining their fans in all over China. Cryptokitties allows the gamers to breed and sell their digital pets. The interesting part, the user can buy the pet with Ethereum and hold onto it.
South Korea’s largest cryptocurrency exchanges, Bithumb is to bring Bitcoin ATM kiosk in the country. The increasing number of interest on cryptocurrency encourages Bithumb to take a step ahead in bringing the cryptocurrency to a whole new level in South Korea.
The bitcoin price has dropped below $9,000. CoinDesk reported that the cryptocurrency price has been fluctuating above $9,000 and dropped down by $500 at 3:45 UTC. It reached a 20-day low. The market capitalization of the cryptocurrency is at $352 billion. Currently, the price is above $8,800.
Cameron and Tyler Winklevoss declared that the Gemini Exchange would extend support to Bitcoin Cash and Litecoin. At an event hosted by Cboe Global Markets Inc., Cameron and Tyler exposed that the Chicago futures exchange would require Gemini’s support to offer derivatives for other cryptocurrencies. Gemini currently lists bitcoin and ethereum.
Coinbase appoints a new vice president of finance. The former official of the New York Stock Exchange, Eric Scro is to lead Coinbase strengthening client relationships. He will also help the business grow amid multiple business functions and assist in product development. Coinbase has already hired Emilie Choi and Tina Bhatnagar from the offices of LinkedIn and Twitter.
Bitmain disclosed its interest to invest in other startups to develop blockchain powered private central banks. Jihan Wu, the co-founder of the firm, emphasized their interest over private central bank startups to adopt blockchain technology. He affirmed, “We would like to invest in 20 to 30 startups whose efforts are focused on this unique emerging economy.”