Coinbase CEO: Institutions Are Depositing $200 to 400M Into Crypto Every Week

August 20, 2019  /  by Crypto.IQ
Last week’s announcement of Coinbase buying Xapo’s institutional custody business certainly got everyone’s attention. But lost in that buzz was a nearly off-hand comment by CEO Brian Armstrong that begs a closer look. In a Twitter statement shared on August 16th Armstrong tweeted:  “Whether institutions were going to adopt crypto or not was an open… Read more

Bitcoin Possible Beneficiary of Planned Hong Kong Bank Run

August 19, 2019  /  by Crypto.IQ
The protests in Hong Kong have been taking place now for many weeks and recently things started escalating. It all began in March, with tens of thousands of Hong Kong residents taking to the streets to protest the 2019 extradition bill. Hong Kong witnessed massive sit-ins at the national airport and demonstrations across several locations… Read more

You Can Spend Crypto Gold with a Visa Card

August 16, 2019  /  by Crypto.IQ
Formerly known as TokenCard, Monolith has now entered into a partnership with Digix and MakerDAO, enabling their users to load DGD, DAI, and DGX tokens to their Visa debit cards. These are new additions to the existing options Ethereum (ETH) and TKN (TokenCard). Since each DGX token is backed by gold, this partnership means that… Read more

Samsung Extends Bitcoin Support To Its Blockchain Keystore

August 16, 2019  /  by Crypto.IQ
Samsung, the South Korean electronics leader, has extended support for Bitcoin in its decentralized applications store Blockchain Keystore. The smartphone manufacturer first launched support for DApps during March as it introduced its latest flagship model S10. The transactional support and crypto storage were, however, restricted only to Ethereum as well as ERC-20 tokens. Besides Bitcoin,… Read more

South American Bank Partnership To Use Bitcoin for Cross Border Payments

August 14, 2019  /  by Crypto.IQ
A leading bank service provider in Latin America has formed a new partnership with cryptocurrency exchange Bitex to enable cross-border payments leveraging the Bitcoin network. Uruguay-based Bantotal is a financial service provider with ties to over 60 different financial institutions across 14 different countries. There are an estimated 20 million people using Bantotal’s services. The… Read more

Bitcoin Premium Rises In Argentina Fueled By Financial Crisis and Political Uncertainty

August 13, 2019  /  by Crypto.IQ
Bitcoin is a little expensive in Argentina as compared to other parts of the world, trading at almost a $300 premium, and showing a $200 rise in premium from around $100 earlier in May. On the oldest cryptocurrency exchange in Argentina, one Bitcoin amounts to 526,413.15 Argentine Pesos, worth almost $11600. Now, that’s at a… Read more

Cryptocurrency Adoption Still Low But There Is Opportunity to Grow Going Forward

August 13, 2019  /  by Crypto.IQ
Cryptocurrency prices led by the Bitcoin boom in 2017 resulted in a market cap high of over $800 billion. This has been one of the most talked-about phenomena in recent times but the hype regarding cryptocurrencies might be premature. Twitter poll shows that cryptocurrency adoption is still underwhelming A recent twitter poll revealed that not… Read more

Blockade Games Integrating Ethereum and Lightning Network

August 5, 2019  /  by Crypto.IQ
While there are several products and applications where Bitcoin and Ethereum cross paths, a Texas-based company showcased a real use case by integrating Bitcoin Lightning Network payments with an Ethereum smart-contract. Blockade Games is a company that designs blockchain-based puzzles and games, and revealed in a blog post that it successfully tested payments over the… Read more

Project Manager at Square Crypto Urges More Bitcoin Focus In A Twitter AMA

July 30, 2019  /  by Crypto.IQ
Steve Lee, project manager currently with Square Crypto, recently made remarks supporting the emphasis his company is putting on Bitcoin (BTC). Lee took the opportunity to comment during an AMA session on Twitter on July 29.  Earlier, Jack Dorsey had discussed Square Crypto’s efforts in developing the entire crypto ecosystem and the steps they have… Read more

Facebook’s Libra Might Not Launch

July 30, 2019  /  by Crypto.IQ
Facebook shared with its investors in the latest quarterly report that while it expects to launch its Libra digital currency in 2020, there are a number of factors that could stop that from happening. In the risk factors section, Facebook openly admits that regulatory pressure and the lack of support from lawmakers can lead to… Read more