• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Buy SilverTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Buy SilverTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news

Crypto Tidbits: Square Looks To Bolster Bitcoin, Binance Goes Down Under, SBI Delves Into Mining

Nick Chong by Nick Chong
2 years ago
in Cryptocurrency news
Reading Time: 4min read
crypto

crypto

Advertisement

Another week, another Crypto Tidbits. The past seven days were, by many measures, an interesting period for the cryptocurrency space. Mainstream adoption moved ever closer, more money poured into this space, and infrastructure was built out. But, one report claimed that 95% of all Bitcoin trading activity could be entirely false, setting a harrowing precedent for this space.

Related Reading: Crypto Tidbits: CBOE Pauses Bitcoin Futures, Tether Controversy, Stellar Lumens On Coinbase

Crypto Tidbits

  • Two Crypto Funds Join Hands: This week, Morgan Creek Digital, headed by partners Mark Yusko, Anthony “Pomp” Pompliano, and Jason A Williams, revealed it would be anchoring the Los Angeles-based Ikigai’s crypto fund, which will issue long-short trades and take stakes in early-stage firms. The nominal value of this sum was not divulged. Pomp remarked that it believes that Ikigai, headed by anti-establishment proponent Travis Kling, should be “well-positioned to capture” crypto’s long-term asymmetric risk-return profile. Morgan Creek’s decision to down this red pill comes after it secured a $40 million bursary from two Virginian pension funds, an endowment, and other institutions to invest in industry stakeholders such as Bakkt, Coinbase, and Harbor.
  • Kakao’s Talk App To Integrate Digital Asset Wallet: Media outlet Financial News (FnNews) reports that the 44 million users of Kakao’s flagship product, popular messaging platform KakaoTalk, will soon be directly exposed to digital assets, such as Bitcoin. Speaking to the portal, an array of industry insiders, who are purportedly working in tandem with the Jeju-based firm, claimed that KakaoTalk could see use as a “crypto wallet,” giving 44 million South Koreans the ability to interact blockchains. The FnNews report claims that utilizing the application will be as easy as sending a message, allowing users to send or request for cryptocurrencies with a few clicks, thus reducing the barrier to entry. Interestingly, an executive of Kakao couldn’t deny or confirm the rumors. However, the unnamed representative did note that his company is looking into blockchain technologies, making it somewhat logical to assume that Kakao has a cryptocurrency storage prototype at the very minimum.
  • Bitwise Finds 95% Of Bitcoin Trading Activity Could Be Fake: Bitwise Asset Management, a leading cryptocurrency investment services firm, revealed that much of crypto’s current trading activity could be entirely false. The company’s researchers use a set of factors, data sets, and patterns to accentuate that there’s a likelihood that up to 95% of all Bitcoin volumes are “fake and/or non-economic in nature.” Per Bitwise’s website meant to track this phenomenon, Bitcoin’s spot volume over the past 24-hours is purportedly only $177 million — a far cry to the $9.3 billion registered on a site like Coin Market Cap.

1/ New Research from us @BitwiseInvest.

As part of 226 slides presented to the SEC on our ETF filing, we did a first-of-its-kind analysis of *order book data* from all 81 exchanges reporting >$1M in BTC volume on CMC.

TLDR: 95% of reported volume is fake but LOTS of good news! pic.twitter.com/TuXLlDCRyP

— Bitwise (@BitwiseInvest) March 22, 2019

  • Binance Launches Cash-For-Crypto Service in Australia: The Next Web’s Hard Fork column reports that soon, over 1,300 brick and mortar newsagents, also known as newsstands in the U.S., have partnered with Binance to sell Bitcoin at a 5% fee, tax not included. Seen below is a map of Australian vendors that have taken part in the venture, dubbed Binance Lite. Lite’s website explains its offering as a “cash-to-bitcoin brokerage service.” Australians looking to harness this offering will find it quite simple. Users can enter in their wallet details online, hand cash over the newsagent, and then receive their Bitcoin “within minutes.” There’s one caveat though, this offering mandates investors to participate in a Know Your Customer (KYC) procedure prior to using Lite, which involves submitting one or two bonafide identification documents and a home address. At launch, Lite will only support Bitcoin purchases ranging from a value of AU$50 to AU$1,000, but the company has hinted that it will eventually add support for more digital assets, fiat currencies, and regions if Australia’s pilot is successful.
  • Jack Dorsey Initiates Square Crypto, Plans To Hire Five Employees For Bitcoin Dev: For the umpteenth time in a matter of weeks, Jack Dorsey, Twitter’s CEO, has wowed the Bitcoin community with a straight out of left field announcement. On March 20th, the Silicon Valley powerhouse revealed that the $32 billion Square intends to hire up to five talents for “open source contributions to the Bitcoin and crypto ecosystem.” Three to four of the job offers are for engineers, especially those who have experience building out blockchain systems, and the remaining slot will be left for a designer. All positions will be full-time and will require employees to report directly to Dorsey, who will pay be issuing compensation in Bitcoin. The Square co-founder explains that he sees this as a way to bolster “individual economic empowerment,” and as a move towards the creation of a “more accessible global financial system.”

#BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @SqCrypto. Why?

— jack (@jack) March 20, 2019

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!
  • SBI To Manufacture Bitcoin Miners: In a recent notice, SBI Group, a multi-faceted giant in Japan, revealed that it would be manufaturing cryptocurrency mining devices through a subsidiary. This is far from the firm’s first foray into the industry. SBI has formerly launched digital asset exchanges and payment infrastructures based on Ripple, all while investing in a number of crypto-centric intiatives.
Featured Image from Shutterstock
Tags: bitcoincryptoCrypto Tidbitsindustry
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Related Posts

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Bearish Correction Pauses: Focus Remains on Dollar and Yields

1 hour ago
Cardano, ADABTC, ADAUSD, ADA, cryptocurrency

Cardano (ADA) Death Cross Spells Worries Despite Bullish “Mary” Fork

3 hours ago
oddz

Leading on-Chain Option Trading Protocol Oddz Finance Announces Its Public Distribution IDO on Polkastarter

4 hours ago
Metis, DAO

Decentralized Companies Are the New Norm and It’s the DAO Revolution That’s Making It Possible

5 hours ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Affect? Billionaire Fund Manager Sells 1.8M Tesla Shares for Clients

1 day ago
Bitcoin on Back Foot as Focus Turns to Powell Speech; What to Expect?

Bitcoin on Back Foot as Focus Turns to Powell Speech; What to Expect?

1 day ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Gambling Exhibition Ukrainian Gaming Week 2021: A Range of Products From Exhibiting Companies, an up-to-Date Program and a Special Offer

March 5, 2021

Stobox Allows Common Investors to Participate in a Lucrative Private Round With Its $1 Million Security Token Offering

March 5, 2021

IOST, Polkadot Join Forces to Build Cross-Chain Transfer Bridge

March 5, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Buy Silver

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.