Coinbase’s Retail Payment Portal Passed $200 Million in Transactions

Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, just passed $200 million in total transactions processed over its two-year history. According to sources available to Cointelegraph, the wing of the largest crypto exchange in the U.S. reported on March 26 that the platform’s success was due in part to the 8,000 retailers currently using Coinbase for payment services. Bitcoin preferred for retail payments While the coronavirus pandemic is wreaking havoc with traditional markets, the news from Coinbase Commerce would imply consumers are still comfortable using Bitcoin (BTC)…

Block.one Invest $150 Million Into Voice, But Privacy Concerns Linger

Block.one — the company behind EOSIO (EOS), has injected $150 million into its controversial blockchain-based social media network, Voice. Announced on March 26, the investment comprises $50 million in intellectual property assets and $100 million. The injection is intended to give Voice the resources needed to operate independently from Block.One. Voice is in closed beta Voice is currently in closed beta testing and is exclusively available to U.S. users. The platform is built on top of the EOSIO protocol. Users must verify their identity to use the platform, after which…

Blockchain Analytics Firm Coin Metrics Raises $6 Million

Cryptocurrency analytics firm Coin Metrics has closed a Series A funding round worth $6 million. In a blog post on March 26, Coin Metrics said the round was led by Highland Capital Partners and the $6 million investment would be used to grow the firm’s team, expand their product offerings and “provide enhanced coverage of digital assets.” Other firms including Castle Island Ventures, Communitas Capital, Coinbase Ventures and Digital Currency Group also participated in the funding round. Coin Metrics was created in 2017 by Nic Carter and Aleksei Nokhrin as…

U.S. Futures Crushed as California Records Million Unemployment Claims

The U.S. stock market is set for a 1.8% drop at market opening as investors fear for high jobless claims. California alone has seen more than 1 million unemployed individuals since early March. The relief bill would provide $600 per week to the unemployed for four months. The U.S. stock market is set to decline by around 1.8% as investors anticipate the unemployment rate of the country to spike following the lockdown of several key states. The number of unemployed individuals in California surged to 1 million as a result,…

Neo Releases $11 Million From Cold Wallet to Fund Itself Through 2020

The Neo Foundation announced on March 25 that they have released the necessary funds to continue operating for the 2020 Fiscal Year (FY). A total of 1,660,865 NEO worth approximately $11 million was released, with 27,800,303 NEO ($190 million) still remaining. According to its blog post, the Neo whitepaper allows the Foundation to sell its stake of NEO to “support Neo’s technological development, ecosystem growth, community expansion.” The transaction ID published by the foundation reveals that the tokens were sent to an address that contains over 14.6 million NEO, worth…

IBMR to Provide $3.48 Million in Funding for ARCC Currency Reserve

The International Blockchain Monetary Reserve (IBMR) announced it has raised $3.48 million as an investment seed into ARCC Currency Reserve.  The reserve is a basket of cryptocurrencies that includes Algorand (ALGO), Bitcoin (BTC), and Binance Coin (BNB) as well as 700,000 U.S. dollars in seed investments for United States-based tech startup companies. These assets back the value of the Asia Reserve Currency Coin, or ARCC.  The funding, according to an announcement on March 25, will come directly from Borderless Capital and other companies and coincides with the official listing of…

Coin Metrics Report Shows Stablecoin Transfer Value Hit $444 Million

Blockchain analysis company Coin Metrics has found that while Bitcoin (BTC) was experiencing its biggest daily drop in the last seven years, stablecoins reaped the benefits.  Coin Metrics, which conducts analysis of various aspects of cryptocurrency tokens, released their State of the Network report on March 23. The report focused on how the rest of the crypto market fared during the BTC crash two weeks ago. According to Coin Metrics data, stablecoins gained market share, spreads on spot and futures markets widened, and transfer fees spiked as people rushed to…

Indian Crypto Exchange CoinDCX Raises $3 Million in Series A Round

A recent funding round has just added quite a bit to an Indian crypto exchange’s coffers. Mumbai-based exchange CoinCDX announced on March 24 it had received $3 million in new funding. The Series A round was led by Bain Capital Ventures, Polychain, and HDR Group.  CEO and Co-founder of CoinDCX, Sumit Gupta, said that the funding would provide the means for the exchange to further the mass adoption of crypto in India:  “As the country’s largest exchange, we are in a position to drive national crypto adoption forward responsibly. This…

Over 172 Million Weibo Users’ Personal Data Is For Sale on Dark Web

Chinese social media giant saw a massive data breach result in data of millions of users available for sale on the dark web.  According to a March 19 report from Chinese blockchain news outlet Jinse, basic account information of 172 million users was available, priced at 0.177 BTC.  The account information for sale included user ID, number of Weibo posts, number of fans and followers, gender and geographical location.  Weibo confirmed the privacy issue yet deleted the post later on According to Jinse, Weibo’s security director Luo Shiyao responded to…

Tezos Grants $37 Million to Ecosystem Developers

The Tezos Foundation released its second Biannual Report, detailing the group’s progress in Q3 and Q4 of 2019. Published on March 19, the report reveals that the foundation owns $635 million in assets — much more than the $232 million raised in its infamous initial coin offering. When asked how the foundation was able to achieve such a warchest, the company’s CFO, Roman Schnider, revealed to Cointelegraph that the project benefited from positive crypto market dynamics. He said: “The increase is largely due to the appreciation of our blockchain assets…