Fundstrat Co-Founder Thomas Lee Says Bitcoin’s Volatility Favors a Long-Term Approach

Fundstrat Global Advisers Co-Founder Thomas Lee suggested that bitcoin’s (BTC) volatility makes a long-term approach towards it more appropriate for most traders in a tweet published on June 27. In his tweet, Lee intended to remind others that “bitcoin is a hypervolatile asset” and that this makes it “great for volatility and other dedicated traders.” Still, he noted that most should probably use a different approach instead: “For most, taking a long-term view is more appropriate.” Lee’s remarks were an answer to a Bloomberg’s tweet pointing out that bitcoin is…

QuadrigaCX Users Lose $190M as Speculations Over Cotten’s Death Swirl

The crypto community has recently been actively discussing the fate of QuadrigaCX’s 30-year-old founder, Gerald Cotten, who reportedly died in India from a fatal disease in December 2018. However, before the apparent passing, he took virtual keys for digital wallets and moved them into cold storage. Why did this story end so tragically, and has it truly come to a conclusion? How it all began QuadrigaCX appeared in 2013 and quickly became one of the largest Canadian crypto exchanges. The platform allowed its users to get cash or cryptocurrency through…

27% of UK Residents Want to See Crypto in More Real-World Applications

27% of surveyed United Kingdom citizens hope to see cryptocurrencies in “real-world applications,” according to recent research by U.K.-based crypto exchange CEX.io, technology news outlet BTCManager reported on June 27. CEX.io provided BTCManager the results of its recent survey focused on the level of adoption, application, and expectations of digital currencies in the U.K. The report — which was prepared in collaboration with London-based research firm qriously — highlights answers from 1,013 respondents. Per the survey, 32% of respondents said that they would like the technology to be better integrated…

Overstock’s tZero Launches Mobile Crypto App Touted as Hack-Resistant

tZero, United States retail giant Overstock’s crypto subsidiary, has launched a digital wallet and exchange app for crypto, the company officially announced in a tweet on June 27. The firm calls its new mobile crypto app a hack-resistant solution for trading and storing cryptocurrencies, tZero CEO Saum Noursalehi said in a press release to Reuters. Noursalehi explained that the application will store private keys directly on users’ smartphones, which is expected to provide maximum security, in contrast to “more vulnerable, third-party exchanges for custody.” Moreover, tZero’s private key recovery system…

Regtech Startup Coinfirm to Investigate XRP’s Compliance With AML Provisions

Regulation technology startup Coinfirm will investigate how cryptocurrency Ripple (XRP) is being used, Forbes reported on June 26. San Francisco-based tech startup Ripple, which is largely behind XRP, has signed an agreement with Coinfirm, wherein the latter will explore XRP’s compliance with anti-money laundering (AML) provisions. Within the investigation, Coinfirm will reveal information such as whether XRP has been processed by a “mixer” — a technology developed to make transactions more difficult to trace and therefore easier to launder crypto — clustering, which enables a user to send small amounts…

EU Banks to Deploy Instant Payments System in Response to Competition From Libra

European Union banks could have an instantaneous payments system in place by 2020, Reuters reports on June 26. Per the report, real-time payments have been possible in the eurozone since 2017, but only about half of the banks in the bloc adhered to the initiative. Still, Reuters notes that adoption may accelerate now that Facebook’s Libra stablecoin is shaping up to be a competitor to local banks. Director general of the European Payments Council (EPC) Etienne Goosse reportedly said that — regardless of the success of Facebook’s Libra’s project —…

Bitwise – The Coinbase Blog

As Coinbase Custody continues toward its goal of being the world’s leading crypto-custodian, we want to highlight the innovative institutions that have chosen to join us on our journey. In this new series, we will dive into some of the companies that are helping to build the institutional cryptoeconomy, and get to know what makes them different and, importantly, how they’re thinking about the future of crypto. Bitwise: A pioneer in the crypto asset management space. Bitwise has been a leader in the world of cryptocurrency asset management ever since…

Bitcoin (BTC) Prices Striving For Equilibrium, New Billionaires Registered

Bitcoin (BTC) drops 8.1 percent Bisq and The Winklevoss Twins upgraded While Bisq is registering new BTC trade volumes following the migration of traders from LocalBitcoins, The Winklevoss Twins are the latest Bitcoin billionaires. Because of recent price spikes, their wealth swelled to over $1.4 billion. Even so, it seems like the euphoria is over, and BTC bulls are taking profits as prices drop 8.1 percent in 24 hours. Bitcoin Price Analysis Fundamentals The recent price rally from $10,000 to over $13,000 was a spectacle. However, such bursts often cause…

Binance Coin (BNB) Bull Party May be Over, Flimsy Above $30

Binance Coin (BNB) under pressure, down 4.2 percent Changpeng Zhao calls for caution After suffering an “expensive hack,” Changpeng Zhao considers exchange security as inviolable. Already fixed, Firefox could turned out to be a weak link from where hackers would have exploited Coinbase, causing loss of funds. At the time of writing, BNB is down 4.2 percent in 24 hours. Binance Coin Price Analysis Fundamentals Tagging full control and ownership, which is only possible in blockchain, is  responsibility. It is because of this sole reason that Changpeng Zhao, the CEO…

Binance and Paxos Partner on PAX to Fiat Exchange Portal

The biggest crypto exchange by volume Binance and digital asset Trust company Paxos have integrated a new fiat deposit gateway on Binance’s flagship trading platform.  According to a press release published on June 26, the gateway will enable traders to exchange fiat currency for the PAX Standard (PAX) stablecoin on the Paxos platform via wire transfer. The amount will then be reflected directly as a PAX-denominated balance in their Binance accounts. The press release claims that the new fiat on-ramp will foster increased PAX liquidity on the exchange and thus…