Thursday, 22 August 2019

Last Week in Crypto World

Coinbase Wallet, Binance to launch fiat-to-crypto exchange in Liechtenstein, how Intel's Foreshadow flaw affect cryptocurrencies and more
With Ethereum dropping below $300mark, the community is split between people who believe that it's good for the stability of the ecosystem versus who those suggest that this is because many of the ICOs are now cashing out. Whatever be the case, it's clear that's a wake-up call for the second-largest cryptocurrency. What else the week had in store? Read on to find out.


1️. Goodbye Toshi, hello Coinbase Wallet — the easiest and most secure crypto wallet and browser

Coinbase is rebranding Toshi as the Coinbase Wallet in a bid to not only store cryptocurrencies but offering a way to access dApps too (decentralised apps). While initially, the wallet will store Ethereum and ERC-20 tokens, the company will also be adding support for Bitcoin, Bitcoin Cash and Litecoin.
Coinbase also acquired a company called Distributed Systems, which is working on digital identity that's decentralised.


2️. Toward a million markets… and how Paradex is working to get there

Interestingly, Coinbase managed to be in news a number of times the past week. Paradex, a decentralised exchange it acquired a couple of months ago, has announced that it'll add support for numerous virtual currencies, including Binance Coin, Civic, Kyber, and TrueUSD among others. The exchange also shared updates on what it's been working on with useful trader-specific features such as Market Selector and Speed Dial.


3️. Introducing conversational OTC trading on AirSwap

Paradex isn't the only DEX that was in news in the last week. While these exchanges usually cater to retail investors, AirSwap is making it easier for institutional investors to trade. It has introduced OTC trading to allow investors to have 1:1 conversation before trading the token to confirm the details.


4️. Binance LCX launches fiat-to-crypto exchange in Liechtenstein

After announcing that it'll be introducing fiat-to-crypto trading in Uganda, Binance has now partnered with LCX to launch the same in Switzerland's neighbouring country, Liechtenstein. The exchange will let users trade Swiss Francs (CHF) or Euros (EUR) for digital assets.
Related watch: LCX Blockchain Sessions Live Event


5️. With Bitcoin sinking, crypto miners just dig deeper

With prices of Bitcoin on the decline, mining isn't now an attractive affair as it used to be. Strangely however, many mining giants are still expanding, while researchers and analysts are trying to find the price of BTC below which mining activity won't be profitable.


6️. What the Foreshadow flaw means for the future of cryptocurrency

Earlier this year, Intel suffered from Meltdown and Spectre attacks, and now another flaw has surfaced that impacts its chipsets. Dubbed Foreshadow, it also affects the cryptocurrency space. That's because the flaw is regarding Software Guard Extension (SGX), which is an extra-secure region for storing data. And many virtual currencies like MobileCoin and Enigma plan to use SGX.


source: LWIC 
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