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…
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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…
DBS, One of Asia's Largest Banks, Claims Bitcoin is a Ponzi Scheme
Several legacy or traditional financial institutions turn their noses up at Bitcoin with the feeling that the world's most known decentralized cryptocurrency is fraudulent and should be considered as a Ponzi scheme. At the Singapore FinTech Festival, DBS's group chief information officer BS said to CNBC: Bitcoin is a Ponzi…
Nvidia Report Suggests that Cryptocurrency Mining has Slowed in Q3
Nvidia Corporation, an American technology company, based in Santa Clara, California, is not worried about the recent downturn in the sale of cryptocurrency. Nvidia designs graphics processing units or GPUs for cryptocurrency mining, but this is a small part of the company’s portfolio. Bloomberg has reported that cryptocurrency mining-related…