Crypto News Flash: Coinbase, Poloniex, Circle, Square, Dash, XRP
From mass adoption in Venezuela to a new market for EOS, here are some of the headlines breaking in the world of crypto.
Coinbase has added support for British pound deposits and withdrawals, allowing traders in the UK to exchange GBP for crypto. Prior to Wednesday’s announcement traders had to exchange GBP for euro before buying any cryptocurrency on the platform.
Coinbase GBP support is now live for many customers and we will continue rolling out availability to all UK customers in the coming weeks. 🎉
— Coinbase (@coinbase) August 1, 2018
Poloniex and Circle
Crypto exchange Poloniex has added EOS. New trading pairs EOS/USDT, EOS/BTC and EOS/ETH pairs were enabled on Wednesday. Circle, the Goldman Sachs-backed peer-to-peer payments tech company that bought Poloniex five months ago, says it’s focusing on improving the core product experience and stabilizing the performance of the exchange.
Poloniex is opening markets in EOS!
— Poloniex Exchange (@Poloniex) July 31, 2018
Poloniex also delisted nine coins, starting today, due to Circle’s requirements. They are FLO, FLDC, XVC, BCY, NXC, RADS, BLK, PINK, and RIC.
Please finalize all trades and close any positions in these assets prior to August 2nd. Once delisted, you will have 30 days to withdraw any balances in these assets. For more information, please visit https://t.co/zYwjRBk1BG
— Poloniex Exchange (@Poloniex) July 26, 2018
Circle is reportedly expanding into global crypto securities trading. Former Goldman Sachs exec Benedicte Nolens will lead the effort as head of global regulatory affairs and head of compliance for Europe and Asia operations. Nolens was also the former head of compliance at Credit Suisse.
Mobile payment company Square generated $37 million in revenue on Bitcoin sales in the second quarter. It also spent $36.6 million to support it as a payment option on the Cash App, bringing the company’s total Bitcoin earnings to $420,000.
Speaking in an interview with Glenn Beck, Teeka Tiwari of Palm Beach Research Group said he expects Dash to 10x over the next year. Dash says it has widespread adoption in Venezuela with 584 merchants accepting Dash.
Teeka Tiwari of @PalmBeachGroup Research talks to @glennbeck about why he believes #Dash will go up 10x from here. Teeka mentions InstantSend, PrivateSend & @Dashpay strategic partnership with @altthirtysix as key reasons. Glenn you should interview Dash Core Group CEO @RTaylor05 pic.twitter.com/31IFXeu9Fb
— Mark Mason (@StayDashy) July 21, 2018
XRP is in live beta on Coinsquare. The Toronto-based exchange is planning an expansion into the US where it will rival Coinbase.
#XRP is now live – in beta – on Coinsquare's platform
During the beta, you can:
– Fund your account with XRP
– Buy XRP with fiat or cryptocurrency
– Trade XRP for fiat or other cryptocurrencies
— Coinsquare (@Coinsquare) July 31, 2018