This Coinbase-backed Startup Lets You Earn Interest on Your Cryptocurrency Holdings

Coinbase’s new venture capital fund has announced a strategic investment in Compound, a startup that is building money market accounts for cryptocurrency investors. Compound is the first project to receive venture funding from Coinbase as part of the company’s new efforts for fostering blockchain innovation. As CCN reported, Coinbase announced …

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Bitcoin Only Used for Money Laundering and Speculation: ‘Big Short’ Investor

Wall Street veteran Steve Eisman rose to fame by shorting the sub-prime mortgage market ahead of last decade’s financial crisis. Now, he’s similarly-bearish on a new asset class: cryptocurrency. Eisman, whose career is chronicled in The Big Short, told CNBC that he has yet to meet anyone who can persuasively …

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Bitcoin Price Too Volatile for Merchants, Claims PayPal CFO

The bitcoin price is too volatile to make it a useful payment tool for merchants, PayPal CFO John Rainey claimed in a recent interview. Bitcoin Price Too Volatile for Merchants Rainey made this claim during a recent episode of “Mad Money,” explaining that merchant margins are too thin to make …

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Major Milestone: Steem Blockchain Hits 1 Million Accounts

Steem, a blockchain rewards platform that allows content publishers to monetize their work, announced today that the project has reached one million registered accounts. An update from the official Steemit blog confirms the one millionth registration on the blockchain, and shows even more impressive stats on transactions, user activity, and …

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Bitfinex Forces Users to Submit Tax Information, May Share with Government

Major cryptocurrency exchange Bitfinex has recently notified some of its users that they are required to submit their tax information so the company can then send it over to the British Virgin Island’s (BVI) government, which “may” exchange the info with the tax authorities of its users’ country of residence. …

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The Journey to Russia Has Begun at BitStarz!

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Football fans get ready, as we’re bringing you a promotion that’s going to have you on the edge of your seat. FIFA World Cup …

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