The Crypto2Cash Chronicle: Coinbase takes action in Neutrino Case, Tron and Tether partner up, Binance Coin rally and a lightning payment through radio waves
Here’s what we’re reading in the Crypto2Cash Office on this Tuesday
Coinbase takes action in Neutrino case
Coinbase has responded to the crypto community’s outcry after the acquisition of the Blockchain analytics firm Neutrino. This was due to the fact that a large part of Neutrino staff were part of Hacking team, a software company that has worked with authoritarian regimes in the past and has been listed by many organisations as “violators of human rights”. Brian Armstrong, CEO of Coinbase, said that all staff with prior connections to Hacking Team will transition out of the company. He further stated that bringing in Neutrino’s AML and KYC technology remains of critical importance and that collaboration will continue.
(Source: Cointelegraph.com)
Tron and Tether partner up to launch Stablecoin
Tron and Tether have announced that they will launch a TRC-20 based Stablecoin by early Q2 2019. The coin will be pegged to the US Dollar and will run on smart contracts, similar to Ethereum’s ERC20 tokens. The collaboration is expected to boost Tron’s existing ecosystem and their decentralized applications, improving overall value storage and increasing its decentralized exchange (DEX) liquidity.
(Source: Bitcoin.com)
Binance Coin continues rally
While most top 20 coins are in the red during the last 24 hours, Binance Coin (BNB) continues its rally, being up 13% as of today. The coin now sits at $12.83 and has overtaken Tron for rank number 9 on CoinMarketCap.
(Source: Cryptoiq.co)
Developers send Lightning payment through radio waves
Two developers living in San Francisco and Toronto have completed a Bitcoin Lightning payment through radio waves, in what appears to be a first-of-its kind transaction. Even though the transaction needed a lot of coordination via Twitter, it could be a good protection against possible future attacks on the Bitcoin network, with users being able to send transactions without the use of the Internet.
(Source: Coindesk.com)
We’re here if you need us
Give us a call on +31 85 2250 510 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any questions you may have.
