Zipmex’s Withdrawal Freeze Zipmex, a cryptocurrency exchange that operates in Singapore, Thailand, Indonesia and Australia has paused withdrawals on its platform following a “combination of circumstances” beyond its control. Per Cointelegraph, reports that Zipmex could be in trouble were dismissed as “rumours” by CEO and co-founder Marcus Lim following the failed acquisition of the Thai exchange by Coinbase. “Due to a combination of circumstances beyond our control, including volatile market conditions, and the resulting financial...Continue Reading
Tesla’s Bitcoin Strategy and Its Impact Leading electricity car manufacturer Tesla has revealed it has converted 75% of its Bitcoin holdings into fiat currency, selling $936 million worth, the company reported Wednesday in its earnings report. “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency. Conversions in Q2 added $936M of cash to our balance sheet,” the company said in the earnings presentation. At the end...Continue Reading
Crypto Technology Endorsed by Australian Central Bank Governor The governor of Australia’s central bank, Phillip Lowe, has stated that a private solution could be “better” for cryptocurrencies and blockchain technology, as long as the risks in dealing with these sectors can be mitigated by strong and proper regulations, however the tech should be made by private companies. At a recent congregation at the G20 financial meeting in Indonesia, Lowe let his opinions be known throughout the...Continue Reading
What is Celsius? Per CoinMarketCap, Celsius originally came into being as the product of creators Alex Mashinsky and Daniel Leon in 2017. Mashinsky has a long-running history in the internet development sphere, having worked on the Voice Over Internet Protocol (VOIP) in the 1990s and other technologies since. Celsius is far from Mashinsky’s first corporate venture, with seven startups and 35 patents to his name, the project’s official website states. Co-founder and COO Daniel Leon...Continue Reading
What is Voyager? Voyager is a “fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 100 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 40 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe”. ...Continue Reading
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