Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project

Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency. “We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday. Tyler added that in their view, Libra is a harbinger of cryptos to come: “Our feeling is, this is the...

Fold App Enables Bitcoin Lightning Payments at Whole Foods, Starbucks

Fold, a payments platform, is introducing a lightning network protocol that will allegedly enable users to shop in-store or online at several retailers, including Starbucks, Whole Foods, AMC, Home Depot, and Southwest Airlines. Though customers will transact in bitcoin, the payments will be settled in whatever currency the merchant chooses. This eliminates the risk of cryptocurrency volatility for merchants, while expanding...

Binance Expands Fiat Trading Pairs for Singapore Exchange

Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore in a press release shared with Cointelegraph on July 10.Binance Singapore has been first launched in April, but with limited functionalities and only one trading pair. Now, Binance Singapore will now allow users to buy and sell cryptocurrency for Singapore dollars. Currently, local users can buy Bitcoin...

Middle East Blockchain Development Primed to Lead the Global Industry

Analysis While we often get to hear about how cryptocurrency adoption is rapidly gaining ground in the West, a number of countries across the Middle East — such as Bahrain, the United Arab Emirates and Saudi Arabia — often tend to get overlooked, despite them having made tremendous strides when it comes to establishing regulatory frameworks that are geared toward the...

Commercial Debt Market Goes Live With Backing From Coinbase Ventures

Cadence, an ethereum-powered marketplace for commercial debt, is out of its test phase. The startup, which recently secured a place on the Bloomberg terminal for its pools of commercial loans, is now open to all institutional and accredited investors. Such users can now contribute funds to packages of short-term loans that help businesses cover payroll, inventory and other unexpected costs. “Cadence is doing its part...