Coinbase Under Fire Following Remarks from Angry Customers

A report from CNBC suggests the Coinbase exchange allegedly neglected its customers' queries on unmonitored account takeovers. CNBC held several interviews with the exchange's customers, who claimed money vanished from their accounts, and Coinbase didn't explain why. A pattern came out where cybercriminals took over Coinbase accounts, and there was minimal or no response from the network's customer service. Coinbase Users Raise a Cause for Alarm Tanja Vidovic witnessed the draining of $168,000 from her crypto account after someone gained…

CryptoQuant Raises $3 Million in Hashed-Led Funding Round  

According to a recent press release, CryptoQuant has raised $3 million from industry investors during the recent funding round. The fund was led by  Hashed, a globally renowned blockchain capital firm. The firm has been financially supporting blockchain projects towards a decentralized future and has invested in public blockchain projects like Klaytn and Line’s LINK. Other significant investors who participated in the fund include Galaxy Interactive,  Mike Novogratz, Youbi Capital, and Mirae Asset Capital.  CryptoQuant stated that it would focus…

The Various Types of Crypto Investors

Cryptos have been hyped as a strong contender for the next evolution of money. Their various revolutionary features have always driven the growing interest in them, both as a means of exchange and asset. Having had very humble beginnings in 2009 as more or less a geek's plaything, usage and investments have since surged. Investors, both veterans and newbies, keep regarding it as a viable avenue to entrust their hard-earned capital. The diversity in players investing in cryptos has profoundly…

Newcrest Mining CEO: Crypto Investors Need Gold to Hedge Against Price Volatility

Sandeep Biswas, CEO of Newcrest Mining, one of the world's largest gold mining companies,  suggested that crypto investors should consider buying gold to hedge against the crypto market's high price volatility. In an interview today, Biswas told Bloomberg that part of the reason crypto investors should acquire the popular bullion is that its value is more stable. According to the CEO, owning gold will be in the best interest of cryptocurrency investors. Hedging Against Price Volatility Biswas’ comment comes on the…

The Importance of System Stability of Crypto Exchanges

In March 2010, the now-defunct bitcoinmarket.com started as the first and only crypto exchange. However, the growth of cryptocurrencies and upsurge in tradable coins caused a rise in the number of crypto exchanges globally. By 2018, the number of crypto exchanges was estimated to be more than 500 platforms. Exchanges have the aptitude to provide high liquidity to any crypto assets and offer faster and cheaper transfers. Although exchanges have fostered growth in the past three years, their instability is still…

Synthetic Assets – Why Crypto Investors Should Consider them

Synthetic assets have been a standard fixture in the traditional financial market. However, with the financial world shifting to a digital approach, it is no surprise that synthetic crypto assets are also cropping up. Like many other investment vehicles, synthetic crypto assets are quite similar to those in the traditional market. In this article, we will delve into the details of synth assets and how they work. But, before we get into the nitty-gritty details of synthetic assets, how about…

The Emergence of Crypto IEO: Could 2020 Be the Hottest Fundraising?

In just over a year since it became popular, IEO (Initial Exchange Offering) managed to replace ICOs (Initial Coin Offerings) as the fundraising system of choice for a majority of blockchain enterprises.  In simple terms, IEOs are a token sale that operates through a partner exchange. It's identical to an ICO in almost every way except that investors who can participate in the sale are typically limited to users on the associated exchange. The IEO process kicks off with an…

The Difference between Investors and Traders in the Crypto Market

Before buying any cryptocurrency, you must decide if you want to be an investor or a trader. Familiarizing with the difference is crucial and will save you from massive loss. The worst thing you could do when entering crypto markets is being an investor who thinks like a trader, or vice versa.  People can use the coins to purchase goods or services, buy and hold cryptos, diversify their portfolio, or buy and sell cryptocurrencies to profit from short-term price movements.…