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Coinbase takes on 8 new digital assets
Coinbase the major exchange based in San Francisco has announced that it is exploring support for eight new digital assets. The expansion is part of a larger strategy by the exchange to give customers access to 90% of the aggregate market capitalization of all digital assets. Coinbase is currently exploring support for Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic (MATIC), Harmony (ONE), Ontology (ONT) and Waves (WAVES).
With this expansion by Coinbase, are they setting the pace for all exchanges the world over?
Peter Schiff throws shade at CNBC
Gold enthusiast and veteran trader Mr. Peter Schiff accused business news channel CNBC of trying to “dupe its audience into buying bitcoin.”
Here is what he had to say, “CNBC is trying its best to dupe its audience into buying Bitcoin. Despite gold being a much larger market, CNBC devotes far more airtime to Bitcoin.”
Will CNBC change their tune on Bitcoin and gold?
Bitmex exchange record record outflows in July 2019
BitMEX, one of the top crypto exchanges the world over so far as volume, has experienced record outflows during July. According to the blockchain data provider TokenAnalyst, the total outflow on the exchange amounted to around $530 million. The industry analytics firm said that BitMEX had never experienced an outflow of more than $100 million in a single month. During the whole of 2018, the total outflows accounted for $1.3 billion, so what comes next for BitMEX?
IBM continues to innovate in the blockchain space
Tech giant IBM and blockchain company Chainyard have jointly developed a new blockchain network for the supply chain management. Alongside IBM, the Trust Your Supplier network’s founding members are also American brewing company Anheuser-Busch InBev, tech companies Cisco, Lenovo, Nokia, Schneider Electric, British pharmaceutical company GlaxoSmithKline and telecoms company Vodafone.
Walmart’s cryptocurrency project far more popular than Libra
A senior policy analyst at investment banking corporation Cowen, named Mr. Jaret Seiberg, said that Walmart’s proposed digital coin should not face as much regulatory pushback as Libra, Facebook’s has. Seiberg also said that Walmart’s crypto may have a demographic appeal to Democratic legislators who are keen to find an alternative financial infrastructure for people who do not regularly use banks.
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