E-Commerce Giant Rakuten’s New Payment App Appears to Support Crypto

Japanese e-commerce firm Rakuten announced that a major update of its Rakuten Pay mobile app will be released on March 18, according to the firm’s 2018 earnings release, published on Feb. 12. The app’s new structure appears to indicate that it will support cryptocurrency payments in addition to fiat. According to the company’s presentation material for the fourth quarter and the full year of 2018, the new version of the app will feature “all payment solutions embedded into one platform.” As Cointelegraph reported in January, and the recent materials confirm,…

Majority of Voters Support ASIC-Resistant ETH Algorithm Implementation, Online Vote Shows

An online vote over the implementation of ProgPoW in the Ethereum (ETH) proof-of-work (PoW) algorithm shows a majority in favor of the change, according to the results updated today, Feb. 15, on the dedicated voting portal. ProgPoW is an application-specific integrated circuit (ASIC)-resistant PoW algorithm meant to replace ETHhash, Ethereum’s current PoW algorithm. By defining the algorithm as ASIC-resistant, ETH developers mean that the algorithm would decrease — but not eliminate — the efficiency advantage of mining using ASICs over using generic hardware such as graphics processing units (GPUs). At…

Jack Dorsey Says Cash App Support for Lightning Network a Question of ‘When, Not If’

Twitter co-founder and CEO Jack Dorsey — also the founder and CEO of United States-based Bitcoin (BTC)-supporting payments service Square — said that rolling out the Lightning Network on Square’s Cash App is a question of “when, not if.” Dorsey made his remarks during an interview alongside Elizabeth Stark, co-founder of Lightning Labs, on the Stephen Livera podcast Feb. 11. The Lightning Network (LN) is a second-layer solution to Bitcoin’s scalability limitations, which works by opening payment channels between users that keep the majority of transactions off-chain. In response to…

BitTorrent Partners with CoinPayments to Launch Support for Native BTT Token

Peer-to-peer (p2p) torrent client BitTorrent has announced that its native token, BitTorrent Token (BTT), based on the Tron protocol, is now supported by CoinPayments’ crypto payments gateway. The news was shared with Cointelegraph in a press release Feb. 7. As reported, BitTorrent launched its BTT token this January — its first full-fledged move to begin to tokenize its content sharing ecosystem, roughly six months after the company was acquired by decentralized internet startup Tron. According to today’s press release, BitTorrent has already been collaborating with CoinPayments on supporting Tron (TRX), Bitcoin…

US Crypto Exchange Coinbase Adds Bitcoin Support to Coinbase Wallet App

United States cryptocurrency exchange and wallet Coinbase has added Bitcoin (BTC) to its Coinbase Wallet app, according to an announcement published Tuesday, Feb. 5. In August 2018, Coinbase had announced that Toshi, the open source decentralized app browser and wallet developed by Coinbase, will rebrand to become Coinbase Wallet. As explained by the crypto exchange, Coinbase Wallet is slightly different from the main app, Coinbase (or Coinbase.com). With the latter, the cryptocurrencies purchased by customer and the private keys are stored by Coinbase. With Coinbase Wallet, users stores their own…

Coinbase’s Wallet App Is Getting Bitcoin Support This Week

Coinbase users will soon be able to directly control their bitcoin holdings from the firm’s Wallet app. The San Francisco-based cryptocurrency exchange announced the news in a blog post Wednesday, saying that Coinbase Wallet will be updated over the next week to add bitcoin support to all users on iOS and Android. Bitcoin support will be “activated by default,” Coinbase said, meaning users will just have to tap “receive” tab in the app and select “bitcoin” to receive the cryptocurrency directly in the wallet. Coinbase Wallet already supports ethereum (ETH), ethereum…

Ethereum Price Analysis: ETH Tumbles, $100 Support At Risk

ETH price declined sharply and broke the $105 support area against the US Dollar. There was a break below a major bullish trend line with support at $105 on the hourly chart of ETH/USD (data feed via Kraken). The pair dived towards the $100 support area and it is currently consolidating losses. Ethereum price declined heavily against the US Dollar and bitcoin. ETH/USD is now at a risk of more losses below the $100 and $958 support levels in the near term. Ethereum Price Analysis After multiple rejections near the…

Announcing Bitcoin (BTC) Support on Coinbase Wallet

Starting today, you can now store your Bitcoin (BTC) directly in the Coinbase Wallet app. Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet. Coinbase Wallet already supports Ethereum, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for Bitcoin is an important next step in that direction. The new Wallet update with Bitcoin support will roll out to all users on iOS and Android over the next week. Bitcoin support is activated by default — all you need to…

US Crypto Exchange Coinbase Launches Paypal Withdrawals Support for EU Users

Major United States crypto exchange and wallet provider Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal. The development was announced in an official blog post published on Feb. 5. As reported, Coinbase had first rolled out PayPal withdrawal support for U.S. users last month. The European extension of the service will reportedly apply to both E.U. residents and those living in European Free Trade Association countries — Iceland, Liechtenstein, Norway and Switzerland. Coinbase had previously integrated support for PayPal back…

Four Iranian Banks Support Gold-Backed Cryptocurrency

Four banks in the Islamic Republic of Iran have developed a gold-backed cryptocurrency called PayMon, financial news website Financial Tribune reported on Jan. 30. According to the article, the crypto asset has been developed in cooperation with the Parsian Bank, the Bank Pasargad, Bank Melli Iran and Bank Mellat. Iran Fara Bourse, an over-the-counter (OTC) cryptocurrency exchange, will reportedly list the new cryptocurrency. The director of Kuknos, the blockchain company taking care of the technical aspects, said that the new crypto asset is a way to tokenize assets and excess…