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Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?

Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?
Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?
https://reddit.com/link/i48t4q/video/v4eo10gom7f51/player
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.
The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?
We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.
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Binance

The most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Binance is well-positioned to become the crypto-powered, all-in-one, bundled solution for financial services. They already have so many of the pieces. But the key question is:
Can they create a cohesive & united product experience?

Binance Weaknesses

Binance is strong, but they do have a few major weaknesses that could slow them down.
  1. Traders & Speculators Binance is currently very geared for speculators, traders, and financial professionals. Their bread-and-butter is trading (spot, margin, options, futures). Their UI is littered with depth charts, order books, candlesticks, and other financial concepts that are beyond the reach of most normal consumers. Their product today is not at all tailored for the broader consumer market. Given Binance’s popularity and strength among the pro audience, it’s unlikely that they will dumb down or simplify their product any time soon. That would jeopardize their core business. Binance will likely need an entirely new product/brand to go beyond the pro user crowd. That will take time (or an acquisition). So the question remains, is Binance even interested in the broader consumer market? Or will they continue to focus on their core product, the one-stop-shop for pro crypto traders?
  2. Controversies & Hot Water Binance has had a number of controversies. No one seems to know where they are based — so what regulatory agencies can hold them accountable? Last year, some sensitive, private user data got leaked. When they announced their debit card program, they had to remove mentions of Visa quickly after. And though the “police raid” story proved to be untrue, there are still a lot of questions about what happened with their Shanghai office shut down (where there is smoke, there is fire). If any company has had a “move fast and break things” attitude, it is Binance. That attitude has served them well so far but as they try to do business in more regulated countries like America, this will make their road much more difficult — especially in the consumer market where trust takes a long time to earn, but can be destroyed in an instant. This is perhaps why the Binance US product is an empty shell when compared to their main global product.
  3. Disjointed Product Experience Because Binance has so many different teams launching so many different services, their core product is increasingly feeling disjointed and disconnected. Many of the new features are sloppily integrated with each other. There’s no cohesive product experience. This is one of the downsides of executing and shipping at their relentless pace. For example, users don’t have a single wallet that shows their balances. Depending on if the user wants to do spot trading, margin, futures, or savings… the user needs to constantly be transferring their assets from one wallet to another. It’s not a unified, frictionless, simple user experience. This is one major downside of the “move fast and break things” approach.
  4. BNB token Binance raised $15M in a 2017 ICO by selling their $BNB token. The current market cap of $BNB is worth more than $2.6B. Financially this token has served them well. However, given how BNB works (for example, their token burn), there are a lot of open questions as to how BNB will be treated with US security laws. Their Binance US product so far is treading very lightly with its use of BNB. Their token could become a liability for Binance as it enters more regulated markets. Whether the crypto community likes it or not, until regulators get caught up and understand the power of decentralized technology, tokens will still be a regulatory burden — especially for anything that touches consumers.
  5. Binance Chain & Smart Contract Platform Binance is launching its own smart contract platform soon. Based on compatibility choices, they have their sights aimed at the Ethereum developer community. It’s unclear how easy it’ll be to convince developers to move to Binance chain. Most of the current developer energy and momentum around smart contracts is with Ethereum. Because Binance now has their own horse in the race, it’s unlikely they will ever decide to leverage Ethereum’s DeFi protocols. This could likely be a major strategic mistake — and hubris that goes a step too far. Binance will be pushing and promoting protocols on their own platform. The major risk of being all-in on their own platform is that they miss having a seat on the Ethereum rocket ship — specifically the growth of DeFi use-cases and the enormous value that can be unlocked. Integrating with Ethereum’s protocols would be either admitting defeat of their own platform or competing directly against themselves.

Binance Wrap Up

I don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.
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Coinbase

The crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.

Coinbase Strengths

Let’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
  1. Different Audience, Different Experience Coinbase has been smart to create a unique product experience for each audience — the pro speculator crowd and the common retail user. Their simple consumer version is at Coinbase.com. That’s the default. Their product for the more sophisticated traders and speculators is at Coinbase Pro (formerly GDAX). Unlike Binance, Coinbase can slowly build out the bank of the future for the broad consumer market while still having a home for their hardcore crypto traders. They aren’t afraid to have different experiences for different audiences.
  2. Brand & Design Coinbase has a strong product design team. Their brand is capable of going beyond the male-dominated crypto audience. Their product is clean and simple — much more consumer-friendly than Binance. It’s clear they spend a lot of time thinking about their user experience. Interacting directly with crypto can sometimes be rough and raw (especially for n00bs). When I was at Mainframe we hosted a panel about Crypto UX challenges at the DevCon4 Dapp Awards. Connie Yang (Head of Design at Coinbase) was on the panel. She was impressive. Some of their design philosophies will bode well as they push to reach the broader consumer finance market.
  3. USDC Stablecoin Coinbase (along with Circle) launched USDC. We’ve shared some stats about its impressive growth when we discussed DeFi use-cases. USDC is quickly becoming integrated with most DeFi protocols. As a result, Coinbase is getting a front-row seat at some of the most exciting things happening in decentralized finance. As Coinbase builds its knowledge and networks around these protocols, it could put them in a favorable position to unlock incredible value for their users.
  4. Early Signs of Bundling Though Coinbase has nowhere near as many products & services as Binance, they are slowly starting to add more financial services that may appeal to the broader market. They are now letting depositors earn interest on USDC (also DAI & Tezos). In the UK they are piloting a debit card. Users can now invest in crypto with dollar-cost-averaging. It’s not much, but it’s a start. You can start to see hints of a more bundled solution around financial services.

Coinbase Weaknesses

Let’s now look at some things that could hold them back.
  1. Slow Cadence In the fast-paced world of crypto, and especially when compared to Binance, Coinbase does not ship very many new products very often. This is perhaps their greatest weakness. Smaller, more nimble startups may run circles around them. They were smart to launch Coinbase Ventures where tey invest in early-stage startups. They can now keep an ear to the ground on innovation. Perhaps their cadence is normal for a company of their size — but the Binance pace creates quite the contrast.
  2. Lack of Innovation When you consider the previous point (slow cadence), it’s unclear if Coinbase is capable of building and launching new products that are built internally. Most of their new products have come through acquisitions. Their Earn.com acquisition is what led to their Earn educational product. Their acquisition of Xapo helped bolster their institutional custody offering. They acqui-hired a team to help launch their staking infrastructure. Their acquisition of Cipher Browser became an important part of Coinbase Wallet. And recently, they acquired Tagomi — a crypto prime brokerage. Perhaps most of Coinbase’s team is just focused on improving their golden goose, their exchange business. It’s unclear. But the jury is still out on if they can successfully innovate internally and launch any homegrown products.
  3. Talent Exodus There have been numerous reports of executive turmoil at Coinbase. It raises a lot of questions about company culture and vision. Some of the executives who departed include COO Asiff Hirji, CTO Balaji Srinivasan, VP & GM Adam White, VP Eng Tim Wagner, VP Product Jeremy Henrickson, Sr Dir of Eng Namrata Ganatra, VP of Intl Biz Dan Romero, Dir of Inst Sales Christine Sandler, Head of Trading Hunter Merghart, Dir Data Science Soups Ranjan, Policy Lead Mike Lempres, Sr Compliance Vaishali Mehta. Many of these folks didn’t stay with Coinbase very long. We don’t know exactly why it’s happening —but when you consider a few of my first points (slow cadence, lack of innovation), you have to wonder if it’s all related.
  4. Institutional Focus As a company, we are a Coinbase client. We love their institutional offering. It’s clear they’ve been investing a lot in this area. A recent Coinbase blog post made it clear that this has been a focus: “Over the past 12 months, Coinbase has been laser-focused on building out the types of features and services that our institutional customers need.” Their Tagomi acquisition only re-enforced this focus. Perhaps this is why their consumer product has felt so neglected. They’ve been heavily investing in their institutional services since May 2018. For a company that’s getting very close to an IPO, it makes sense that they’d focus on areas that present strong revenue opportunities — as they do with institutional clients. Even for big companies like Coinbase, it’s hard to have a split focus. If they are “laser-focused” on the institutional audience, it’s unlikely they’ll be launching any major consumer products anytime soon.

Coinbase Wrap Up

At Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.

Honorable Mentions

Other US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.

Wrap Up

Coinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
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P-REP Proposal; ICON, 20% exposure in top crypto event of 2020, reach 100+ universities/corporate partners (BETTER THAN SLICED BREAD), organized by MouseBelt.

Summary:
Event site: https://www.ri2020.io/
Event date: May 18th, 2020
P-PREP Commitment Date: April 30th, 2020
Telegram: u/markusreisner
We believe we have a strong proposition to market ICON in a meaningful way to some of the largest communities in crypto.
The MouseBelt team has the largest global network of over 100+ universities in 20+ countries. Over the last few months, 10+ university blockchain events we were working with got canceled for obvious reasons.
Due to that fact, and our understanding of our reach we decided to launch a virtual conference. Since April 10th here is what happened:
MouseBelt will invest over $70k+ into this event. We would like to have fellow P-Reps invest $20k (this will go 100% to BlockTV production cost).
The benefit to the ICON community will be:
Background:
MouseBelt is a popular blockchain ecosystem consisting of multiple parts:
MouseBelt as ICON developers:
Our engineering team has implemented token assets on ZenSports (SPORTS), the first STO on the ICON network, and GrowYourBase, the #1 IRC2 application token in market capitalization on the ICON network.
Currently, we are developing the Balanced network in concert with ICX_Station, PARROT9, and Iconosphere. Balanced will bring synthetic assets backed by ICX to the ICON network, as well as tokenized staked ICX. This can assist with both a stable asset for payments, and a base for other DeFi applications
MouseBelt as a P-Rep:
We have been a Main P-Rep most of the time since decentralization of the network and so far had utilized our funds for student education.
Such as the “ICON in a box” workshops and the Milwaukee Blockchain Conference, which we sponsored in a direct ICX payment and the second annual payment for UCLA’s blockchain engineering course.
REIMAGINE2020, Conference details:
Conferences have always been an integral part of the blockchain space to promote projects in the industry.
With recent evolutions around the globe, things have changed. They either got canceled or delayed.
We have created REIMAGINE2020, a virtual conference.
Shared by the ICON Foundation on April 18.
We can effectively and efficiently promote ICON to the world through Reiamgine2020 | BlockTV. The driving force behind the conference is: highest quality of Content matched with the best production quality for Video. The funds will allow MouseBelt to promote ICON logo/branding throughout the conference/programming for straight 72 hr of live streaming. Additionally, we have the opportunity to properly place ICON logo/branding in highly favorable on-screen placements (tickers/commercials/plugs and continuous branding) reaching 5M viewers globally. ICX Station is providing a Keynote to drive global interest.
Confirmed partners
Schedule & Format
Production Status
Audience
In addition to the communities of our confirmed partners and universities we are targeting:
1. Viewers - Tuning into the livestream, attending a workshop, or watching the content post-conference.
2. Participants - Speakers, partners, and sponsors
3. As far as hard data for "attendees" we have two signals:
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Cryptocurrency and Blockchain – Industry News – (06.07.19 – 06.14.19)

Total Market Cap, as of 06.14.19 at 12:00pm (PST): U.S. $264,851,593,863 (+1.92%)

Missed last week’s update? Click here

STORY OF THE WEEK

• Effective September 12th, 2019, U.S. customers to be blocked from trading on Binance.com.

CRYPTOCURRENCY TRADING SERVICES

• Polish cryptocurrency exchange Coinroom shuts down overnight and takes users funds
Coinbase now offers its crypto-to-Visa card for its users in Spain, Germany, France, Italy, Ireland and the Netherlands.
• On June 21st, 2019, Bittrex will restricts 32 token trading markets for its U.S. customers
Binance to launch new exchange focused on U.S. customers with FinCEN-registered partner BAM Trading Services.
• Leading cryptocurrency derivatives exchange BitMEX reports an increase in attacks on user account credentials. As a result, withdrawal requests must be verified via email and the firm is looking to make 2FA mandatory on the platform.

REGULATION

• The mayor of Vancouver pushes for outright ban of crypto ATM’s in the city. A decision to regulate, monitor or ban will be reached by Q4 2019.
• The Financial Action Task Force (FATF) is set to finalize guidance for cryptocurrency businesses by June 21st, 2019.
• In an official business plan issued by The Canadian Securities Administrators (CSA), the regulatory body looks to apply existing securities regulations to address crypto assets by 2022. The watchdog will first research and identify emerging regulatory issues and then proposing solutions to mitigate them.

TECHNOLOGY

Visa launches Visa B2B Connect Network, a service designed to help Visa’s corporate clients create near instant international payments powered by distributed ledger technology.

INSTITUTIONALIZATION

• The largest bank in South Korea, KB Kookmin is gearing up to launch a digital asset custody solution in partnership with blockchain start-up Atomrigs Lab.
Bakkt will begin user testing for its physically delivered Bitcoin futures product on July 22nd, 2019.
Facebook brings on Visa, Mastercard and PayPal as backers of its own cryptocurrency. Each of the firms will invest U.S. $10 million into a foundation that will govern the asset. The list has since included Ebay, Coinbase, Andreessen Horowitz, Mastercard and Stripe.

PEOPLE

• Code contributor Michael Ford will join existing maintainers Wladimir van Der Laan, Jonas Schnelli, Marco Falke, and Samuel Dobson to maintain the latest version of the bitcoin node software.
• The cryptocurrency arm of payments company Square has announced former Director at Google, Steve Lee as its first hire.
• Chief Marketing Officer of ConsenSys, Amanda Gutterman steps down from her role and will instead remain as an advisor.

TWITTER

@nic_carter – “The role of a Bitcoin evangelist should be to manage expectations, not to inflate them”
@nic_carter – “Bitcoin may well be environmentally costly, but it is absolutely worth it, even if it cost 10x more. Because Bitcoin disempowers debt-financed consumerism which the ultimate environmental scourge”
@barrysilbert – “The launch of Facebook's cryptocurrency will go down in history as THE catalyst that propelled digital assets (including bitcoin) to mass global consumer adoption. Will be remembered as just as important -- and transformative -- as the launch of the Netscape browser. Buckle up”
submitted by Edmund_N to CryptoMarkets [link] [comments]

Top Five Blockchain News Stories of the Day in Five Sentences or Less. No BS. No Bias. (10/10/2018)

1) Andreessen Horowitz, Binance Labs back privacy-focused blockchain incubator Oasis Labs
Blockchain incubator startup Oasis Labs, which raised $45 million through a private sale in July, announced at the San Francisco Blockchain Week that they have partnered up with Andreessen Horowitz (a16z), Binance Labs, Accel, Pantera Capital, and Polychain Capital to launch the Oasis Startup Hub.
2) Mastercard has been awarded a patent for a blockchain partition system
In a document dated October 9, Mastercard has been awarded a patent for a “Method and system for partitioned blockchains and enhanced privacy for permissioned blockchains.” The patent filing describes one blockchain that can store records from several other blockchains. “The use of a partitioned blockchain may enable a single blockchain to store transaction records for a plurality of different blockchains, reducing the deployment necessary for implementing the plurality of blockchains to the single, partitioned blockchain,”the filing states.
3) Roger Ver plans to build his own cryptocurrency exchange
Early Bitcoin adopter Roger Ver stated in an interview with Bloomberg that his news website and Bitcoin Cash wallet Bitcoin.com is planning to build their own cryptocurrency exchange. “If we build it ourselves, we can do it really, really cheap, and we get exactly what we want.”
4) World’s first blockchain phonecall demonstrated by Pundi X
“This morning during day 2 of the XBlockchain Summit at the Inaya Putri Bali, we had a public demonstration and made the world’s first blockchain phone call on our latest device: the XPhone,” they wrote in a Medium post. Pundi X says their Android-compatible phone does not require a centralized mobile carrier, and each unit functions as a node on the blockchain: “each will have its own address and private key, uniquely linked to their node names, not unlike traditional URL and IP addresses.”
5) Ethereum-based adult entertainment SpankChain got hacked
“We Got Spanked,” the company wrote in a Medium post yesterday. According to the post, an attacker stole 165.38 ETH at 6pm PST last Saturday from their payment channel smart contract, which also froze $4,000 worth of their gas token BOOTY. The hack went on until 7pm PST on Sunday. Around $9,300 of the stolen funds belonged to users, and the company has taken their Spank.Live platform offline. The company has promised to prioritize reimbursements to the affected users through an airdrop.
___________________________
Around the Block is a community-driven, condensed daily newsletter that breaks down the top five new stories of the day in five sentences or less. No BS. No Bias. Just a daily dose of crypto sent directly to your phone.
Join The Block: https://aroundtheblock.news/
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Crypto Month in Review - June 2018

Previous reviews: Jan, Feb, Mar, Apr, May
Crypto moves way too fast for me to keep up, so I aggregate each day's biggest headline and publish the list at the end of the month. Below is my list for June. My main news source was reddit. My main holdings are ETH and NANO, but I try to make these lists as unbiased as possible.
Market cap movement throughout June - a slight downward trend. Mostly sideways, with some sharp downward dips it has yet to recover from.
6/1 - Huobi, the 3rd largest exchange in the world, launches a cryptocurrency ETF that tracks the top 10 cryptos. 6/2 - EOS’ year-long ICO comes to an end, raising a record $4 billion total, over twice as much as Telegram’s next most valuable ICO. 6/3 - ZenCash undergoes two consecutive 51% attacks, with the attacks taking nearly 20,000 ZEN. 6/4 - Apple co-founder Steve Wozniak says that he buys into the idea of Bitcoin becoming the single international currency. 6/5 - The Indonesian government clears cryptocurrency to be traded on futures exchanges as a commodity. 6/6 - Internal job postings reveal that Fidelity Investments is building a cryptocurrency exchange. 6/7 - MasterCard files a patent for a system that would securely verify credit card purchases using data stored on a blockchain. 6/8 - After a lengthy investigation, Korea National Tax Services fines Bithumb $30 million in unpaid taxes but finds no evidence of illegal activity. 6/9 - Columbian banks close all the accounts of South American crypto exchange Buda following legal issues with the platform. 6/10 - The EOS main net launches, but struggles to get 15% of its tokens staked, which is required for the main net to allow transactions 6/11 - Subscription-based crypto-mining company Argo Blockchain is approved to be the first blockchain related company listed on the London Stock Exchange. 6/12 - Iota and Volkswagen demonstrate a proof-of-concept for secure, over the air data exchange between autonomous vehicles at the Cebit 2018 conference. 6/13 - A study by the University of Texas at Austin concludes that the price of Bitcoin was inflated by Tether in December 2017 and January 2018. 6/14 - In both a written statement and a speech to the Yahoo All Markets: Crypto summit, SEC executive William Hinman declares that Bitcoin and Ether are not securities due to their decentralization. He also states that other ICO cryptocurrencies may be considered securities, and that it is possible for tokens to lose their security status over time. 6/15 - A fatal bug is found in the Icon smart contract that allows any unprivileged account to enable and disable ICX transfers for all accounts. 6/16 - Less than 48 hours after going live, the EOS mainnet pauses transactions to identify and fix a serious issue. 6/17 - The Brave browser commences a rollout of its ads trial program, allowing users to get paid in BAT to watch ads. 6/18 - Payment services company Square is granted a BitLicense by New York, allowing state residents to buy and sell Bitcoin through its Cash app. 6/19 - $30 million of assets are stolen from Bithumb in the second such attack against the Korean exchange in 12 months. The exchange pledges to replenish the funds themselves and ensures no losses in users’ accounts. 6/20 - A partial audit of Tether by DC law firm Freeh, Sporkin & Sullivan LLP concludes that Tether has enough money to fully back every USDT in circulation. 6/21 - Nano releases mobile wallets to Android and iOS, but users immediately discover that the seed generation technique on the Android wallet is insecure. A hotfix is pushed several hours later. 6/22 - The Tokyo District Court halts the sale of any Bitcoin held by MtGox until February 2019. 6/23 - Four blockchain entrepreneurs are awarded Thiel Fellowship grants: Vest co-founder Axel Ericsson, Polkadot co-founder Robert Habermeier, MyCrypto CTO Daniel Ternyak and Mechanism Labs co-founder Aparna Krishnan. 6/24 - Chinese authorities arrest a man for allegedly stealing power to fuel a secret crypto-mining operation. 6/25 - Top venture capital firm Andreessen Horowitz raises $300 million for its first dedicated cryptocurrency fund. It plans to put the money in early stage tokens, as well as later stage networks like Bitcoin and Ethereum, and hold the investments for 10 years. 6/26 - Facebook reverses its ban on cryptocurrency ads while maintaining its ban on ICO promotions. 6/27 - Malta, the current location of Binance headquarters, passes three cryptocurrency and blockchain related bills in an effort to draw more business to the “blockchain island”. 6/28 - Dan Larimer proposes an EOS “Constitution 2.0 “ through Block.one after 27 EOS accounts were frozen by EOS’ Core Arbitration Forum. 6/29 - A joint report from PricewaterhouseCoopers and the Swiss Crypto Valley Association shows that the ICO volume for 2018 has already doubled that of 2017. 6/30 - BitMEX CEO Arthur Hayes predicts the Bitcoin price to reach $50,000 by the end of 2018.
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Buy Bitcoin though! Better luck next time! Andreessen Horowitz report foresees positive crypto market growth. US-based venture capital firm Andreessen Horowitz released a report on 15 May analysing cryptocurrencies during three cycles, peaking in 2010, 2013 and 2017. This comes after the firm released videos from its online “Crypto Startup ... ↪ Welche Krypto Börsen sind für den Kauf von Bitcoin und Co. geeignet? Binance, Coinbase, Kraken und weitere Krypto Börsen im Vergleich ️ Andreessen Horowitz was one of the earliest venture companies who actually believed in Bitcoin and blockchain technology. In January 2014, its co-founder, Marc Andreessen, who also cofounded ... Silicon Valley venture capitalist and Andreessen Horowitz partner Chris Dixon has 574.2K followers and he once said bitcoin might reach $100,000 per coin. Andreas Antonopoulos has 507.4K followers ... Andreessen Horowitz Names Bitcoin Cycle One: 2009-2012. During the first cycle from 2009 to 2012, the company saw that after Bitcoin began inclining in price, a number of new products showed up ... Source: iStock/waewkid. Zwei auf Blockchains basierende Projekte, Dfinity und Terra, haben nun die Finanzierung durch große Namen wie Andreessen Horowitz und Binance gesichert. Diese beiden Fälle beweisen, dass der Markt zwar noch weit von dem entfernt ist, was er einmal war, Investoren aber immer noch an Blockchain und verwandte Projekte glauben. Bakkt und Andreessen Horowitz belegen Wachstumstrend Während sich die aufgehitzten Gemüter allmählich auf Twitter abkühlten, gab die Bitcoin–Futures-Börse der Intercontinental Exchange (ICE), Bakkt , gestern bekannt, den Verwahrservice auf 70 institutionelle Kunden ausgedehnt zu haben. Home » NEWS » Cryptocurrency News » Trending Bitcoin News and Market Sentiment June 2nd, 2020: Andreessen Horowitz Says Libra-Like Competitors Will Soon Emerge, Bitcoin’s Exponential Volume Growth Will Place it on Par with Other Assets According to two unnamed sources “familiar with the matter”, Andreessen Horowitz (a16z) is looking to raise an additional $450 million in a new funding round. The report estimates that the firm will receive the amount in about a week as investors flock towards the crypto industry. Coinbase vs Binance. If you’re new to the cryptocurrency space, it’s possible that the only exchanges that you’ve heard of are Coinbase and Binance.Coinbase is the go-to platform for beginner investors while Binance has quickly become the largest cryptocurrency exchange even recently surpassing Deutsche Bank in profitability.. Both exchanges are suited for different purposes, and you ...

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Mercury FX XRP - Coinbase Blockspring - MIT Bitcoin - Thailand Stock Exchange Crypto - Wyoming Bill

Bloomberg hates crypto? 2017 vs 2019, Andreessen Horowitz RIA, “rich millennials” love crypto, INATBA, crypto news, and more! 🚀 #Bitcoin Explodes!!! What REALLY caused the pump? - Binance DEX Launches on Native Mainnet Earlier Than Planned, Invites Community Input - French Lender Societe Generale Issues $112 Million Bond on Ethereum - BMW announces VerifyCar powered by ... Follow on Twitter - https: ... Andreessen Horowitz is "investing aggressively" in crypto, even as bitcoin and other cryptocurrencies have dropped by more than 50 percent this year. The company ... 🚀 Sign up for Binance US to purchase ... - VC Firm Andreessen Horowitz Targets $450M for Second Crypto Fund - Niklas Nikolajsen, the founder of Swiss crypto broker Bitcoin Suisse, predicts that ... - Looking ahead to what we can expect by the new decade’s end, VC firm Andreessen Horowitz predicts that Bitcoin (BTC) is likely to be central to the monetization mechanisms that future online ... Follow on Twitter - https: ... - Coinbase Acquires Andreessen Horowitz–Backed Startup Blockspring - BitPay Says It Processed Over $1 Billion in Crypto Payments Last Year - MIT, Stanford ... - Binance CEO tweets - I just slipped that we will begin Binance Singapore fiat exchange live money closed beta testing on Sept 18th, in 3 days. Invitation only first. Exciting! Invitation only first.

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