Author: Leigh Cuen

The Safello Story: Smaller Crypto Exchanges Must Partner to Survive – CoinDesk

CoinDesk

In the dog-eat-dog world of cryptocurrency exchanges, smaller startups that don’t attract the volume of megaliths like Binance, Coinbase and Kraken must band together to survive turbulent market cycles.  The Swedish cryptocurrency exchange Safello, founded in 2013, is one such startup. Read More

Multicoin Capital Hires Principal in Asia as Crypto VCs Look East – CoinDesk

CoinDesk

As American cryptocurrency markets remain relatively subdued, investors are turning to Asia for fresh lifeblood. Case and point, Multicoin Capital just hired Beijing-based investor Mable Jiang, formerly of Nirvana Capital, to spearhead the venture firm’s hunt for new deals in Read More

Freedom Fighter or Fool? Jury’s Out on Arrested Ethereum Developer Virgil Griffith – CoinDesk

CoinDesk

Did Virgil Griffith go too far with the idea of ethereum as a “world computer”? The Ethereum Foundation researcher was arrested at Los Angeles International Airport on Thanksgiving for traveling to the Democratic People’s Republic of Korea (DPRK) earlier this Read More

Alibaba Denies ‘Partnership’ With Lolli, Highlighting Crypto Industry Pitfalls – CoinDesk

CoinDesk

On Monday, CoinDesk reported the shopping app Lolli was offering bitcoin rewards to U.S.-based Alibaba shoppers for Singles Day. Alibaba Group representatives have since denied the “partnership” touted by Lolli CEO Alex Adelman. The fissure revealed a common misconception in Read More

Alibaba Offers Bitcoin Rewards Through Lolli Shopping App for ‘Singles Day’ – CoinDesk

CoinDesk

Lolli, an affiliate retail startup that gives online shoppers bitcoin instead of regular cash-back perks, just announced its first Asian partnership with Chinese e-commerce giant Alibaba. Lolli’s in-browser app allows users to shop through merchants’ websites as they normally would, Read More

Lock BTC, Get DAI: Lending Firm Bridges Bitcoin-DeFi Divide in Latin America – CoinDesk

CoinDesk

Canadian startup Ledn, which offers bitcoin-backed fiat loans, now also offers dollar-pegged DAI loans, connecting bitcoin users with ethereum’s decentralized finance (DeFi) ecosystem. Ledn co-founder Mauricio Di Bartolomeo, a Venezuelan expat, told CoinDesk this new partnership with stablecoin promoter MakerDAO Read More

Zcash Will Get a Gateway Into Ethereum’s DeFi Ecosystem – CoinDesk

CoinDesk

When cryptocurrency fans gathered in Osaka, Japan, this week for the Devcon developer conference, the halls were filled with buzz about smaller projects seeking access to ethereum’s decentralized finance smorgasbord, especially loans and financial products, via interoperability. “Connecting to other Read More

‘Gold-Backed’ Crypto Token’s Promoter Investigated by Florida Regulators – CoinDesk

CoinDesk

The Takeaway Florida regulators are investigating Karatbars, a German company that’s been promoting a token tied to a Miami “crypto bank” without any banking license in the state. Karatbars previously issued a cryptocurrency purportedly backed by gold, but CoinDesk has Read More

This Crypto-Savvy Bank Is Building Bandwidth for Bitcoin Retail Payments – CoinDesk

CoinDesk

The German bank partially owned by blockchain firms Nimiq, TokenPay and the Litecoin Foundation is planning to process cryptocurrency payments for retailers starting in 2020. WEG Bank AG CEO Matthias von Hauff told CoinDesk the program is now accepting retailer Read More

Bitcoin Shopping App Fold Raises $2.5 Million to Bring Lightning to Retailers – CoinDesk

CoinDesk

The lightning-friendly Fold App, which allows users to spend bitcoin on goods like clothes and pizza and then earn bitcoin-back rewards, just added fiat capability after raising its first round as an independent startup. Fold product lead Will Reeves told Read More