Investing

Investing

Huobi Introduces Coin Launch Platform

Source: Huobi

The Singapore-based cryptocurrency exchange Huobi has announce that "Huobi Prime," a coin launch platform, will go live on March 26. The service will allow professional and retail investors to purchase new cryptocurrencies before they are listed more broadly and potentially at lower costs. The announcement appears to compete with Binance's Launchpad service.

Invesco Blockchain ETF Launches on London Stock Exchange

The American investment management company Invesco has launched an exchange-traded fund (ETF) investing in blockchain companies on the London Stock Exchange today. The Invesco Elwood Blockchain ETF will reportedly invest in a mining chip manufacturer and CME Group, among other companies.

Argentina's Government Will Match Binance Investments in Local Blockchain Projects

Source: BTC Wires

Argentina's Ministry of Production and Labour will match investments made by Binance Labs in local blockchain projects — up to $50,000 per investment. The announcement from the country's government follows Binance's decision to focus its incubation program in Buenos Aires for its second season.

BlockFi Launches Crypto Interest Accounts

Source: BlockFi

The crypto lending firm BlockFi now offers crypto savings accounts that provide 6 percent annual interest, paid in bitcoin or ether. Interest earned through the accounts, labeled "BlockFi Interest Accounts," compounds monthly, delivering a 6.2 percent annual percentage yield. Users can deposit their bitcoin or ether into the accounts, collect interest and withdraw their funds at any time.

Coinbase Users Can't Transfer Dust and Close Accounts, Fueling #DeleteCoinbase Protest

Source: Motherboard

Following the controversial acquisition of Neutrino, a cryptocurrency transaction tracer with team members who sold hacking tools to governments, a #DeleteCoinbase movement has emerged. But some users attempting to transfer fractions of their cryptocurrency (known as "dust") and then delete their Coinbase accounts have been unable to because these fractions are too small for the exchange to process. Naturally, this has only added to frustrations online around how Coinbase manages its users' crypto funds.