As Bitcoin’s Price Ttumbled, Coinbase’s Customer Complaints Climbed, Report Says (MarketWatch)
As the price of bitcoin has fallen, a well-known cryptocurrency has seen customer complaints jump, according to a research report on the prominent digital-asset platform. The report comes from financial analysis firm Value Penguin which studied complaints received by the Consumer Financial Protection Bureau over issues related to San Francisco-based crypto exchange, Coinbase. “Higher numbers of complaints rolled in just as prices started crashing, reaching a climax during the week of sharpest descent,” said Dr. David Ascienzo, data scientist at Value Penguin.
Ethereum Conglomerates With Stellar (XLM) For Kik’s Kin After Retracting Statement (TheIndependentRepublic.com)
Kik! Kin? I guess it does not ring a bell in your head, even if, you don’t seem to remember where you heard or saw it. This is probably because it is not on Coinbase or first 50 cryptocurrencies by market cap. While Kik is a Canadian mobile app which aims at “connecting the world through chat” just like other social media apps like Facebook, Snapchat, and WhatsApp, but basically uses email for registration rather than mobile number, in a bid to secure anonymity.
Ripple Aims to Expand in China Later This Year (LiveBitCoinNews.com)
Ripple is always looking to make an impact in new markets. So far, the company has seen great success throughout most of Asia. China has been one region where the company hasn’t made much of an impact just yet. That situation may soon change, as the company is confident their payment solution will gain traction in this market later this year. It is always good to see how Ripple wants to progress their service. A strong focus on blockchain-based payments should not be overlooked by any means. This service has been of great interest to quite a lot of companies in Asia. Several pilot projects have been launched in recent months. We also see major remittance service providers embrace the company’s xRapid solution as of right now.
Google will Create its Own Blockchain in the Future: Report (CCN.com)
Google has been watching startups get ahead of the company with various blockchain projects, but now it has decided to take a major step. Citing credible sources, Bloomberg is reporting that Google is planning to create its own blockchain and offer cloud and transactional services through it. “The Alphabet Inc. unit is developing its own distributed digital ledger that third parties can use to post and verify transactions,” said one of the sources.
G20 Put Cryptocurrency On Hold Until July (CryptoDaily.co.uk)
Some of the world’s leading finance ministers have pledged to look seriously at how a system of regulation could be developed to govern crypto assets. In a communique published on Tuesday, the G20 said:“ We call on international standard-setting bodies (SSBs) to continue their monitoring of crypto-assets and their risks, according to their mandates, and assess multilateral responses as needed.” A deadline of July later this year was set for a package of recommendations to be articulated, with the Italian central bank governor Ignazio Visco commenting that he expected this task to be largely entrusted on the International Organisation of Securities Commissions (IOSCO).
