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Friday, 08 February


Coinbase Noncustodial Wallet Adds BTC Support and Plans to Add More Assets Bitcoin News

Coinbase has announced support for bitcoin core (BTC) in the companys noncustodial wallet. The wallet was originally originally dedicated to ethereum (ETH), ethereum classic (ETC), ERC721 and ERC20 tokens. The San Francisco based company plans to add more currencies to the wallet in the near future.

Also Read: The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Partners Digital Assets Fund

Noncustodial Coinbase Wallet Now Supports BTC

After building a slew of custodial services, Coinbase released a noncustodial wallet for storing, sending, and receiving ETH, ETC, and a wide array of ERC-based tokens. Coinbase Wallet is a rebrand of the Toshi client the company introduced back in April of 2017. The wallet also connects to a dapp browser that showcases certain ETH-fueled platforms. A few weeks ago Coinbase announced the development team was in the midst of adding BTC support to the wallet, and on Feb. 5, Coinbase representative Siddharth Coelho-Prabhu revealed that developers have fully integrated support for BTC. Our goal with Coinbase Wallet is to create the worlds leading user custodied crypto wallet, ran the announcement.

Bitcoin support is activated by default all you need to do is tap Receive on the main wallet tab and select Bitcoin to send BTC to your Coinbase Wallet, Coelho-Prabhu detailed. Coinbase Wallet supports both newer segwit addresses with lower transaction...


Bitcoin Trading Reaches All Time High in Venezuela Amidst Ongoing Economic Collapse News

Bitcoin trading volumes in Venezuela have reached a new all time high, rising to almost $7 million per week on p2p platform LocalBitcoins


BitTorrent Partners with CoinPayments to Launch Support for Native BTT Token News

Peer-to-peer torrent client BitTorrent has announced that its native TRON-based token, BTT, is now supported by CoinPayments crypto payments gateway


Ripple Teams With 10 New Universities for Blockchain Research Initiative CoinDesk

Ripple has partnered with another 10 top universities for its international blockchain research program, bringing the total to 29.


How MIT Joined Ethereum in the Race for the First PoS Blockchain News

Backed by $162 million in investments and MIT, Algorand may become the first scalable blockchain working on the proof-of-stake protocol


Report: 12.7% of Shoppers Want Amazon to Sell Crypto Services, is it a Possibility? NewsBTC

Only 12.7% of Amazon customers want the marketplace to sell crypto products or services, according to a new report.

Global financial portal surveyed more than 1,000 Amazon clients to study their consumption rate from the online portal. The survey included a section that discussed possible products hypothetical services that Amazon should offer as a part of its industrial expansion.

Respondents, who were allowed to select multiple options, voted mostly in favor of an Amazon-backed computer offering (72.9%), followed by local coupons and deals (51.7%), prescription drugs (36.7%), home security (31%) and even medical marijuana (29.5).

cryptocurrency, bitcoin, amazon,

13.7% Amazon clients want the portal to list cryptocurrency products | Source:

Flirting with Crypto

The survey followed years of speculation that Amazon would integrate cryptocurrencies like Bitcoin on its platform. Enthusiasts expect the e-commerce behemoth, which serves 310 million customers worldwide, to drive a massive crypto adoption in the future. However, the US-based company had not shared any fancy plans that hint a potential crypto-integration on its platform.

At the same time, Amazon has flirted with the idea. In November 2017, media reports indicated that the company had acquired digital currency-related domain names. The hype later died as the crypto market as a whole headed into the financial years, losing one-third of its value by the end of 2018.

In the same bearish year, Amazon won a patent for a data streaming platform that would allow people to view cryptocurrency transactions in real-time. The application mentioned Bitcoin, saying that retailers could combine a users bitcoin wallet address with his/her home address to create a merged data record.



Satoshis Roundtable: Community Disputes Over Mention of Bitcoin Supply Increase NewsBTC

Since Bitcoin (BTC) came to life in early-2009, as the cryptocurrency godfather himself, Satoshi Nakamoto, mined the first block, the assets 21 million supply limit was made clear as day. While the deflationary nature of BTC made sense at the time, especially to decentralists with the 2008 Great Recession fresh in their minds, the narrative has changed over the years.

Little discussion is had on the matter, but some believe that eventually, the ever-decreasing issuance schedule of the flagship cryptocurrency will become unsustainable. And as such, some who wish to revolutionize the revolutionaries have recently made comments that shocked industry enthusiasts the world over.

Case For More Than 21 Million Bitcoin

For the past five years, through the thick and thin, crashes and parabolic rallies, and crypto industry civil wars, the whos who of the Bitcoin world have convened at Satoshis Roundtable. Not much is known about the event. Media is effectively strictly banned, the list of attendees is hard to find, the events location is Somewhere, Mexico, and information regarding what was discussed is taboo. This has led many jokingly liken it to the Bilderberg meeting of the Bitcoin ecosystem.

Yet, in the aftermath of the shadowed event, a number of leading industry insiders took to Twitter to discuss something a bit bizarre  an increase in the supply cap for Bitcoin. And no, this isnt a joke, such a topic was actually mentioned and discussed seemingly in-depth.

Attendee Matt Luongo, the founder of Fold and the product lead at Keep, released a thread on the subject matter on Monday, explaining why more than 21 million BTC could make sense eventually.

In a thread reminiscent of a thought-out rant, Luongo explained that while it would be unfair to assume what will happen with Bitcoins transaction fee market in the long-term, a waning number of miners could pose a threat to the blockchain.

The crypto builder commented that as more block reward halvings activate every four years, miners revenue will move from being centered around inflation-based BTC to transaction fee-based BTC. While this is unlike...


South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity Bitcoin News

South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity

South Koreas central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the countrys financial integrity. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a liquidity crunch.

Also read: Australian Banks Fraudulently Collected Fees From Deceased Customers

CBDCs Will Cause Liquidity Shortages and Interest Rates to Rise

Built on the blockchain, CBDCs are typically issued by central banks to work just like fiat money, but without necessarily replacing bank notes and coins. Korea said at the end of January that it was not considering issuing a government-backed digital currency anytime soon because there wasnt any urgent need for one.

Now, the Asian country has issued a report to back up that decision. According to a newspaper article published in the Korea Times on Feb. 7, the BoK explained that the introduction of a CBDC will replace demand deposits held by local commercial banks. Thats because people will likely prefer the state-sponsored cryptocurrency, which they may deem safer and secure, to the domestic fiat unit, it said.



GoxRising Movement Aims to Reboot Mt. Gox Exchange, Make Gox Coin for Creditors News

A new movement GoxRising is calling for a speedier rehabilitation plan for creditors of the now-defunct Bitcoin exchange Mt. Gox


Binance CEO CZ: Crypto Growth Needs Entrepreneurs and Projects, Not ETFs News

ETFs are [not] core to our industry's growth according to Changpeng Zhao, CEO of top cryptocurrency exchange Binance


Crypto Futures Platform ErisX Hires Execs From Barclays and YouTube CoinDesk

Crypto trading firm ErisX has hired a COO from megabank Barclays and a head of infrastructure from YouTube.


Crypto Broker Led by Uber and E*Trade Alums Is Going Public CoinDesk

Voyager, a crypto brokerage founded by Uber and E*Trade alums, is going public via a $60 million reverse merger.

Thursday, 07 February


Research: Crypto is Weak, Bitcoin Breaking Under $3,100 Could Make $2,270 Reality NewsBTC

After two and a half months of continual tumult, Bitcoin has finally begun to find a semblance of stability. Yet, a leading crypto trader claims that this lull will be short-lived, especially as long-term trendlines pressure crypto assets lower and lower.

Crypto Remains Weak, Writes Fundstrats Sluymer

Mere months after Tom Lee, managing director and head of research of Fundstrat, remarked that he wouldnt be issuing explicit, time-bound price predictions, one of his coworkers cut out some time to analyze the crypto markets. Fundstrats in-house chartist, Rob Sluymer, who hasnt shied away from talking Bitcoin previously, released a note to his clients regarding his analysis of digital assets.

Related Reading: Tom Lee: Crypto Is Bent Not Broken, Plenty of Room to Grow

According to Bloomberg, who obtained a copy of the note, the New York-headquartered Fundstrat believes CryptoFXs large-cap, mid-cap, and small-cap advance/decline indices are on track to retest their mid-December 2018 lows, with a weak technical setup no less. Specifically touching on small-caps, meaning crypto assets under the ~$60 million market capitalization threshold, Sluymer remarked that the price structure for this subset remains weak and appears vulnerable to a pending breakdown to lower lows.

relates to Crypto Universe May Be in for New Round of Pain, Fundstrat Says

While the analysts comments make it sound like lower lows are inbound, there shouldnt be an immediate cause for alarm. More specifically, the aggregate value of all non-Bitcoin cryptocurrencies is still 14.5% above the lows seen on December 14th and 15th, when the crypto sector at large thought the sky was falling on their heads.

Anyhow, Sluymer went on to paint a foreboding picture for Bitcoin. While he was hesitant to mention time frames in a bid to stay cohesive with company policy, he noted that a key price point to watch for the flagship cryptocurrency will be $3,100. In his eyes, if BTC breaks under its Q4 lows at ~$3,150, a move to $2,270 wouldnt be unlikely, as that would indicate that the market hasnt found a long-term floor just yet.

The Fundstrat head technician isn&...


AMD Radeon VII (gfx906) Delivers ~90 MHS Ethash Out of the Box Crypto Mining Blog

The new AMD Radeon VII (gfx906) GPUs are about to start hitting the market any moment now with a recommended end user price of $699 USD in USA or 739 EURO in EU. We just got a tip that these new 7nm GPUs from AMD with 16GB HBM2 video memory are able to deliver about 90 MHS for Ehereums Ethash algorithm out of the box without any overclock. This is possible with the latest Claymore Dual GPU Miner v12.0, so really out of the box performance very close to the 90 MHS mark for Ethereum. So the new HBM2 memory with 4096-bit memory bus and 1000 MHz (effective 2000 MHz memory clock) seem to be doing quite well for memory intensive crypto algorithms.

We are of course still about to see what the performance for GPU intensive algorithms is going to be and this might also need some specific optimizations for the new GPUs in order to get the maximum performance. With the presence of 3840 stream processors the new Radeon VII GPUs should have plenty of raw power available for GPU-heavy lifting including, but not limited to crypto hashing. We are quite pleased to see the good memory performance for Ethash and expect good results for other algorithms as well, so hopefully very soon more performance data for crypto mining for the new AMD Radeon VII will surface


Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk CoinDesk

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.


Bminer 14.2.0 With Experimental Cuckatoo31 GRIN Support for GTX 1080 Ti Crypto Mining Blog

The latest Bminer 14.2.0 has just been released with experimental support for Cuckatoo31 (C31) algorithm being used by GRIN for Nvidia GeForce GTX 1080 Ti GPUs with claimed performance of up to about 0.90 G/s on GTX 1080 Ti with stock settings. This seems pretty good, however we are currently unable to make the miner work properly under Windows 10 as we are getting an error about insufficient memory available on device and it seems other people are reporting the same issue (it is experimental support). Do note that GRIN mining support on NiceHash is not yet available for Bminer and that goes for both Cuckaroo29 and Cuckatoo31 algorithms, so you can instead use the latest GMiner for NiceHash.

We remind you that that Bminer is a closed source Nvidia GPU miner available for Linux and Windows in the form of pre-compiled binaries and that there is a 2% development fee for Grin, Beam, Bytom (BTM), Equihash and Zhash coins, 0.65% for Ethash and 1.3% for dual mining Ethash and Blake.

To download and try the latest release of the Bminer 14.2.0 Nvidia GPU miner


Little Relief in Sight as Bitcoin Price Closes at 7.5-Week Low CoinDesk

With bitcoin closing yesterday at the lowest level in 7.5 weeks, the gradual sell-off is showing no signs of abating.


The Daily: 13% of Shoppers Would Buy Amazon Crypto, Wirex Adds Stablecoin Bitcoin News

The Daily: 13% of Shoppers Would Buy Amazon Crypto, Wirex Adds Stablecoin

In Thursdays edition of The Daily we feature a recent survey that shows 13 percent of shoppers would be happy to buy cryptocurrencies under the Amazon brand. We also cover a new stablecoin integration by crypto card provider Wirex and a token promoted on Coinbase Earn.

Also Read: Abra Adds Stocks and ETF Investing to Its Crypto Exchange App

Survey: 13% of Shoppers Would Buy Amazon Crypto

Online commerce giant Amazon (NASDAQ: AMZN) has one of the strongest brands in the world. What started out as just an online bookstore has become almost a force of nature, taking over entire industries. The company also enjoys a great deal of trust with consumers, especially in the U.S. market where some people allow Amazon to unlock their front doors to make in-home delivery (Amazon Key), install its AI-powered listening devices (Alexa) and even to run the cloud computing systems of the CIA.

It would be fair to say that Amazon is more trusted and liked than most banks. Given this fact, it is not surprising that a good portion of its customers would also trust Amazon with their digital finance needs. A recent survey of over 1,000 Amazon clients by the financial portal found that 12.7 percent of them would feel comfortable purchasing cryptocurrencies under the Amazon brand. This could be assumed to be anything from an integrated cryptocurrency wallet to an Amazon-issued token.



NZ Police Report Says Excellent Progress Being Made in Cryptopia Hack Investigation News

NZ exchange Cryptopias hacking investigation progressing well and advancing on several fronts, says new police report


Indian Hospital Releases Details About QuadrigaCX CEOs Death CoinDesk

Private hospital Fortis Escorts has released details of the death of Gerald Cotten, CEO of Canadian cryptocurrency exchange QuadrigaCX.

IndyWatch Crypto Currency Feed Archiver

Go Back:30 Days | 7 Days | 2 Days | 1 Day

IndyWatch Crypto Currency Feed Today.

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IndyWatch Crypto Currency Feed was generated at Community Resources IndyWatch.

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