Coinbase Custody acquired Xapo
Coinbase Custody has confirmed the purchase of the custody service for Xapo institutional clients. According to the official announcement on the company blog, the transaction worth $ 55 million makes Coinbase currently control over $ 7 billion in cryptocurrencies.
According to a Fortune report, most of Xapo’s largest clients have agreed to transfer their funds to Coinbase. If all customers agree to the transfer, Coinbase will hold 860,000 BTC in total, or about 4% of the total Bitcoin offer. According to the announcement, Coinbase Custody now has more than 120 customers from 14 different countries.
The Brave browser is preparing to add support for other crypto wallets
According to an announcement on Reddit, the test version of the Brave browser has added support for other crypto wallets.
Brave Nightly, the testing and development version of the Brave browser, now allows the integration of other wallets such as MetaMask. However, all transactions are subject to KYC checks through Uphold, which was by far the only crypto wallet accepted.
The lack of options has caused dissatisfaction among the users, which prompted the good developers to take action.
Brave Nightly has recently expanded the Brave Rewards system for general ads for users in 21 new countries.
The options available on the Brave Nightly version are usually extended to the public version of the browser in a few months.
Binance hopes to launch new platform for US in 2 months
Binance CEO Changpeng Zhao said he expects the exchange to resume operations in the United States in the next two months.
In an interview with the Cheddar online news portal published on August 15, Zhao stated:
“I don’t want to promise fixed dates, but a lot of work is being done and a lot of things are happening, but I would say in a month or two.”
In June, Binance announced it would temporarily restrict its services in the United States to re-evaluate the legislative climate. The company has opened a new division dedicated to American operations, which has requested approval from FinCEN.
Zhao warned, however, that citizens of New York could not use Binance.US services, because the company has not yet obtained BitLicense in this state.
Coinone publishes cryptocurrency listing criteria
The South Korean Coinone Exchange has published the list of criteria for listing cryptocurrencies on the platform.
According to the announcement on the site, the candidates for the listing will be evaluated on the basis of nine criteria, which include requirements for “a solid business model”, with a medium and long term strategy and a clear vision. They must also have a solid currency distribution plan and a transparent governance structure. The exchange will also judge the potential candidate on the basis of the marketing plan and communications with investors and on the basis of the target set.
Coinone also announced the reasons that will lead to delisting from the platform. These include market manipulation, lack of transparency and criminal activity.
Coinone was founded in 2014 and had early support from the Kakao giant. It is currently one of the three largest South Korean crypto exchanges, with a daily volume of nearly $ 90 million.
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