New Partnership Allows TrueUSD Traders to Audit The Coin’s Backing Assets

A new partnership between stablecoin TrueUSD (TUSD) and accounting firm Armanino purportedly allows traders to conduct instant audits of the token’s backing. The news was announced by TrueUSD in a blog post on Mar. 5. The dashboard developed by Armanino purportedly enables traders to monitor TrueUSD token balances and collateralized funds. “Armanino connects directly to third-party escrow accounts holding the U.S. dollars that collateralize TrueUSD tokens, and runs their own ETH nodes to ensure accurate TUSD token supply,” the post details. Rafael Cosman, Co-founder and Head of Engineering and Product…

‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners

College campuses are the second largest cryptocurrency miners across industry verticals, according to research by tech conglomerate Cisco published in PCMag on March 5. Cisco’s security researchers reportedly investigated cryptocurrency mining activity across various industry verticals. The research was carried out with Cisco’s security product Umbrella, which monitors clients’ network connections to screen malicious activity, including possibly dubious crypto mining. Per the report, university campuses are ranked the second biggest miners of digital currency across industry verticals at 22 percent, second only to the energy and utilities sector, with about…

Opera Web Browser Crypto Wallet to Expand Services to iOS Users

Major web browser Opera has announced the upcoming launch of Opera Touch for iOS, according to an official press release published Tuesday, March 5. Opera Touch is a Web 3 browser with an integrated crypto wallet and support for Ethereum (ETH) and interactions with decentralized applications (DApps). Back in December, Opera launched its “Web 3-ready” browser with a built-in crypto wallet for Android users. Opera explains the decision to expand its services to iOS as the result of the successful integration of the crypto wallet and DApp explorer for Android.…

Coinbase Hires Amazon Web Services Veteran to Develop Staking Solutions

Major United States crypto exchange and wallet service provider Coinbase has reportedly hired a veteran of Amazon Web Services to develop staking and governance solutions for its crypto custodial services. The news was reported by The Block on March 4. Citing an alleged internal memo, the report claims that Luke Youngblood — formerly a principal solutions architect at AWS — has been hired to develop new staking and governance products, which will reportedly “provide Coinbase Custody clients with the ability to interact seamlessly with crypto-networks while maintaining the utmost security…

Three Swiss Firms Complete ‘First’ $3 Mln Real Estate Transaction on Blockchain

Blockchain property transaction platform blockkimo Ltd along with two other companies have jointly completed “the first” real estate transaction on a blockchain in Switzerland. The development was announced by blockimmo in a blog post on Mar. 1. Blockimmo, proptech company Elea Labs Ltd. and digital assets service firm Swiss Crypto Tokens Ltd. have conducted a blockchain-based real estate transaction —  consisting of 18 apartments and a restaurant — at a cost of 3 million Swiss francs ($2.98 million). The property was reportedly tokenized, which means that its real asset value…

Crypto Futures Provider Volumes Increase 500 Percent After Acquisition by Kraken

United Kingdom-based crypto exchange and futures provider Crypto Facilities has significantly increased its trading volumes after being acquired by crypto exchange Kraken, according to the information shared with Cointelegraph Tuesday, Mar. 5. Cointelegraph spoke to Sui Chung, head of cryptocurrency pricing products at Crypto Facilities, according to whom the platform’s trading volumes have increased more than 500 percent. Chung said that company’s average daily trading volume was around $7 million per day in January. However, following the acquisition announcement, it has increased to $32 million per day in February, reaching…

Bitcoin News Summary – March 4, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  A critical bug was exposed for the Coinomi desktop wallet. The bug states that if you’ve imported a seed phrase into the wallet, that seed was actually sent to Google for spelling check. A seed phrase should NEVER leave the wallet and this issue may put Coinomi desktop users at risk. Bitfinex announced that the US government has returned 27.6 bitcoins which were part of the nearly 120,000 bitcoins stolen from the exchange in August of 2016. The action…

Crypto Exchange Hopes to Become Trendsetter by Scrapping Trading Fees Entirely

A crypto exchange has announced it is launching “zero-fee trading” across the 131 countries where it currently operates. Zebpay says it wants to “liberate crypto from the shackles of trading fees, and to reduce the friction for all those who are new to crypto.” Many exchanges charge a small commission whenever their users make a trade. While the company says fees of 0.25 percent may seem insubstantial, it warned they “certainly add up and can eat into trading profits,” and even deter infrequent traders from participating more. In a blog…

Bitcoin Miners Capitulated in Dec 2018 and it Could Signal the End of Bear Market

The biggest discussion point around Bitcoin currently, is whether or not the first-ever cryptocurrency has bottomed or not, and if the bear market will soon be ending or if a lot more pain is ahead for crypto investors. While many crypto traders and analysts are feverishly reviewing price charts and other important indicators searching for a sign, one particular analyst suggests looking at Bitcoin mining difficulty levels and potential capitulation by crypto miners as the signal the bear market has ended. Bear Market Grand Finale: Break of $6K Caused Miners…

Widow of QuadrigaCX Founder Seeks Compensation for Creditor Protection Court Costs

The widow of the founder of now-defunct cryptocurrency exchange QuadrigaCX has asked the court for $225,000 in compensation for legal costs, Bloomberg reports on March 4. Jennifer Robertson, the wife of late QuadrigaCX founder Gerry Cotten, is seeking repayment for financing used to help the crypto exchange acquire court-approved protection from creditors. After $145 million in crypto assets went missing following Cotten’s death, Robertson provided interim financing for legal proceedings. According to Bloomberg, Robertson paid CA$300,000 (~$225,000), which covered Big Four audit firm Ernst & Young’s (EY) appointment as a…