The top news in the last 24 hours are shown below:
Coinbase Pro Increases Fees, Updates Market Structure ‘to Increase Liquidity’
Per the announcement, the changes aim to increase liquidity, enhance price discovery and ensure smoother price movements. The changes include a new fee structure, reportedly designed to increase liquidity, updated order maximums, new order increment sizes, the turning off of stop market orders and added market order protection points.
Ripple’s XRP Can Now Be Used at 3.3 Million Online Stores Globally
Ripple’s digital asset XRP has made one more significant step towards expanding and mass adoption. On March 7, Wietse Wind announced on his Twitter account a bounty program that will reward any developer that can create an XRP plugin for WooCommerce. A week and a half later, a developer Jesper Wallin submitted a completed payment gateway plugin designed to enable WooCommerce users to accept XRP as a payment method readily. After reviewing the code, Wietse Wind kept the promise and gave the developer the bounty.
VISA Fintech is Building VISA Crypto Team Recruiting Experts
A few months ago, we were witnessing the warnings from analysts that Visa and Paypal will possibly be squeezed out from the market from Bitcoin and other cryptocurrencies. Be as it may for Paypal, but VISA Inc. is building a new “Crypto Team”.
IBM Executives: Quantum Computing Poses an Imminent Threat to Cryptocurrencies
Quantum computing cases have held the limelight for a while now. As noted by commentators in 2018, the technology can render blockchains like Ethereum and Bitcoin useless. Quantum is against the fundamental principles of blockchain technology. The IBM executives discussed the possible threat it poses to blockchain technology.
People Are Using Tech Implants To Turn Their Limbs Into Bitcoin Wallets
Those currently trading and following cryptocurrencies can arguably be called early adopters – but some are taking this further than others. A recent CoinDesk article delves deeply into one of the more extreme trends – getting microchip implants that can be programmed to act as a cryptocurrency wallet.
Joseph Lubin: In Ten or Twenty Years Blockchain Will Have Half of the World’s Wealth
Joseph Lubin, the co-founder of Ethereum and founder of ConsenSys, recently gave a keynote speech at SXSW. Most of the discussion was focused on developments in the Ethereum ecosystem and improvements to the Ethereum blockchain. However, Lubin also discussed the potential value of blockchain and what the growth timeframe could look like.
Australia Unveils National Blockchain Roadmap, Increases Blockchain Budget Allocation
Australia has just revealed a holistic national strategy and roadmap for the adoption and development of blockchain technology. This sets an important precedent and serves as a governmental validation of sorts for the nascent technology. The new policy roadmap intends to establish Australia as a ”global leader” in the blockchain.
Bank of Mexico’s Attempt to Regulate Crypto ‘Is a Disaster,’ Exchange CEO Explains
The long-awaited rules on crypto assets recently published by the central bank of Mexico have caused quite a stir. A local cryptocurrency exchange’s CEO explains to news.Bitcoin.com that “the impact goes beyond the crypto industry.” Calling it “a disaster,” he asserts that the people within the central bank “have really shown their ignorance” about cryptocurrency.
Tel Aviv Court Rules Bank Can’t Close Crypto Miner’s Account
A court in Israel has once again ruled against a local bank which tried to close the account of a cryptocurrency related business without any due cause. This time a Tel Aviv court has determined that a bank can’t refuse to operate an account on behalf of a crypto miner.
While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations
The controversy surrounding the backing of Tether’s USDT tokens has resurfaced following a recent alteration to the company’s terms of service that now state the reserves backing USDT comprise “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.” Despite tether’s dominance among stablecoins by market share and capitalization, Tether is facing increasing competition from newer stable coin projects that have been able to provide regular attestations evidencing U.S. dollar backing since launch.
When Bakkt? Bitcoin Futures Market’s Approval Appears Stuck in Limbo
It is unclear if or when the proposal may be published for a mandatory 30-day public review period. Until the review period has ended – and CFTC Commissioners have voted to approve Bakkt’s exemption – the exchange cannot launch its one-day physically-settled futures contract.
Ethereum Devs Once Again Approve ASIC-Resistant Algorithm ProgPoW
Ethereum (ETH) core devs once again discussed the proposed Application Specific Integrated Circuit (ASIC)-resistant Proof of Work (PoW) algorithm ProgPoW during their weekly meeting on March 15. This week, the devs again reached an overall consensus that the algorithm should be implemented, while the timeline for its implementation remains unclear. Greg Colvin pointed out that the decision has already been made previously:
“We’re going back to stuff we were tired of talking about months ago! We Decided that the only issue is whether there were errors in the algorithm, backdoors in the algorithm, anything like that. […] Not arguments between the GPU people and the ASIC people. That will unroll over time.”
Israeli Bank Policy Should Not Have Shut Down Bitcoin Mining Firm’s Account, Court Rules
An Israeli court has ruled in favor of a Bitcoin (BTC) mining company after a local bank closed its account over money laundering concerns. Israeli daily business news outlet Calcalist reported the development on March 17. Israminers, which sued Bank Igud (the Union Bank of Israel Ltd.) in May 2018, had faced problems with cash flow due to the bank blocking deposits which it said was against its terms.
New Zealand: Hacked Exchange Cryptopia Expects to Resume Trading by the end of March 2019
Cryptopia, the recently hacked New Zealand crypto exchange, has posted an update on March 17 concerning its plan to resume trading on its platform, which is expected by the end of March. In the post, Cryptopia’s co-founder Rob (Hex) Dawson stated that the company is entirely committed to reopening the exchange. Hex provided Cryptopia customers with data about the ongoing rebate process, as well as general recommendations for interacting with their accounts.
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