Crypto News: 9th – 15th of July (Coinbase, Cobinhood, Bancor, Kin, Litecoin, BCH, Ambrosus, Gifto)

New Coinbase listings

On 13th of July Coinbase has announced they are considering listings of several new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible. Any tokens that is added is expected to increase in value.

The considered assets are:
Cardano (ADA) – one of the more promising blockchain projects out there with functional wallet and basic operational mainnet
Basic Attention Token (BAT) which is the internal token of the Brave browser already incorporated and funcitonal
Stellar Lumens (XLM) – Stellar is an open-source protocol for value exchange that’s already far in the development
Zcash (ZEC) – a cryptocurrency which uses recent advances in cryptography to allow users to protect the privacy of transactions at their discretion
0x (ZRX) – 0x is an open protocol that allows ERC20 tokens to be traded on the Ethereum blockchain already used in some decentralised exchanges

Cobinhood fiat pairs

On 12th of July COBINHOOD, the zero-fee cryptocurrency exchange announced the launch of fiat trading, which means that legal tender can be converted through COBINHOOD into cryptocurrencies, and vice versa

COBINHOOD has secured an agreement with Epay to provide a seamless payment interface for its operations. The company also recently unveiled plans to create a decentralized exchange platform. U.S. dollar deposits will be accepted from July 20th.

Bancor Hack

On 9th of June Bancor project (“decentralized” market maker for smaller cryptocurrencies and crypto-assets, as well as means to create wholly new tokens) has informed their Twitter followers about security breach and announced its app was down for maintenance.

Day after that on Tuesday Bancor published details of the breach: a wallet used to upgrade smart contracts was compromised and used to steal 3.2 million of the platform’s own BNT tokens (worth $10 million), 25,000 ETH (about $12.5 million) and 230 million NPXS tokens ($1 million).

Bancor said it had frozen BNT tokens to prevent their loss and informed again that user funds weren’t compromised, Bancor said that the funds were stolen out of a BNT’s connector balance that served as a reserve, and smart contracts accessed by that wallet.

Kin Developer Program

On 11th of July Kin Foundation has annouced on Twitter the launch of the Kin Developer Program! In this program they will choose 25 developers to receive grants for creating consumer apps with Kin

This means that around $3 million in fiat and crypto will be used to enlist developers in creating up to 25 marketplaces that only use Kin. These marketplaces could be anything from places to buy access to live video chats with YouTubers to very rare sticker packs they can use in chats. Everything will be digital only.

They projects can use Kik app or other apps if needed.

Litecoin and Bitcoin Cash added to Robinhood

On 12th of July Robinood has annouced that users can buy and sell Litecoin and Bitcoin Cash, commission-free. Robinhood also claimed it now has over 5 million users on the platform following expansion of its crypto trading service to 17 U.S. states.

They are also providing cryptocurrency news, and create price alerts for 16 coins so it is safe to assume new additions will come from that group.

The company’s co-founder and co-CEO Baiju Bhatt previously said he expects Robinhood Crypto to be able to cover the entire U.S. by the end of 2018 as part of a plan to become one of the largest cryptocurrency platforms.

Ultimately Robinhood plans to compete with Coinbase and they are planning to do it through 0 fees whereas Coinbase fees are usually 1.5 percent to 4 percent, depending on the user’s payment method.

Ambrosus (AMB) and Gifto (GTO) updates

On 10th of July the Ambrosus iOS SDK is now officially released on Github.

The Ambrosus iOS SDK makes it easy for iOS app developers to create their own dapps powered by AMB-NET. AMB-NET API gives access to Assets and Events tracked by Ambrosus,. With the SDK you they create iOS apps with end-to-end tracking of any Asset stored on the AMB-NET.

On 9th of July Gifto published an update about the recent developments and updates. They took part in two major blockchain event as well as secured several major partnerships in Korea and Taiwan.

Gifto 2.0 is a vision of token for entertainment with decentralized apps for content creators, gaming, charity, and commerce. The development appears to be goin well.

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