The popular cryptocurrency exchange Coinbase recently added a new custodian service for major institutional investors. Catering to hedge and state run wealth funds, the new service, Coinbase Custody, has a whopping $10 million minimum deposit with a hefty $100,000 set-up fee. So what will Coinbase Custody provide for its…
45 posts tagged
Bitcoin
Can Derelict Power Stations Solve Bitcoin’s Energy Crisis?
The last few months have seen a growing concern over the environmental costs of mining Bitcoin . As the computational requirements of mining the signature cryptocurrency become increasingly demanding, the system has begun to approach a dramatic tipping point. Citigroup recently reported that for mining to remain marginally profitable, Bitcoin’s…
American Express and Ripple work Together for Instant Blockchain Payments
NOTE: Ripple’ same day increase was over 10% recently due to their partnering with American Express. Instant blockchain-based based payments have been instigated by American Express. They are using Ripple, a fintech startup, to help U.S. commercial customers pay funds to U.K.-based businesses that bank with Santander…
UK Financial Authority Warns Against Crypotocurrency Derivatives
Digital currency-based cryptocurrency is said to be a high risk investment. The Financial Conduct Authority (FCA), a British Regulator, cautioned investors about signing contracts for CFDs or contract for differences. The FCA warned investors about crypto-based CFDs. CDFs are high risk. Some of the risks include charges and funding costs,…
Coup in Zimbabwe Could Positively Impact on Bitcoin Prices
Instability in Zimbabwe could send bitcoin prices higher. Zimbabwe’s military initiated a coup against President Robert Mugabe, the controlling leader who has been the head of Zimbabwe for nearly 40 years. The military denies it is trying to over throw the government, but the 93-year-old president has purportedly been…
According to Forbes, Bitcoin Prices Could go as High as $196,165.79
Now, Bitcoin prices are around $196,165.79 per coin. This is per coin or about 30x the current value. A survey including 564 American investors, published in LendEDU, shows that bitcoin is rising in value according to polling Data. Michael Brown, a research analyst with LendEDU claims this is…