Square’s Bitcoin Business Booming, Coinbase Wallet Supports Dogecoin, Binance Margin Trades?

Square's Bitcoin Business Booming, Coinbase Wallet Supports Dogecoin, Binance Margin Trades?

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Square’s bitcoin sales grew 92% from 2018 to 2019. Coinbase Wallet introduces support for dogecoin. Binance seems to have enabled margin trading on some pairs. No bail for executive of a shadow bank who served top crypto exchanges. Blockstream execs not condemning Tether due to conflicts of interest. Bitcoin Cash (BCH) transactions grew 400% since January, and a final BCH Development Meeting to be held before the scheduled upgrade.

More Spice: Bitcoin White Paper Visualized

Square Bitcoin Sales Grew 92% in Just One Year

Square, a payment provider and cryptocurrency exchange platform, experienced sustained growth in their bitcoin sales, increasing for four quarters in a row, according to Kevin Rook, a cryptocurrency researcher. This constitutes a major success for Square, founded by Jack Dorsey of Twitter, solidifying a growth of over 90% from 2018 to 2019, propelled just by retail investors without any institutional source of money on the platform.

Coinbase Wallet Introduces Support for Dogecoin

Square's Bitcoin Business Booming, Coinbase Wallet Supports Dogecoin, Binance Margin Trades?

Coinbase announced through a blog post that their Coinbase Wallet now supports Dogecoin, the meme coin that has reached an interesting place on the crypto market. Coinbase Wallet is user-custodied, meaning the private keys are always kept by the user. This new feature will be rolled out next week with support for iOS and Android users, also including testnet functions for developers and power users.

Binance API Shows Margin Trading Enabled for 9 Pairs

A change in the programming API of the Binance exchange has led some to believe margin trading is now open for certain market pairs on the platform. A new variable called “isMarginTradingAllowed,” thought to be a flag indicating if a pair can be the object of margin trade, has been found as a boolean for pairs BTC/USDT, BNB/BTC, BNB/USDT, ETH/BTC, ETH/USDT, TRX/BTC, TRX/USDT, XRP/BTC, XRP/USDT. Changpeng Zhao linked to the Reddit post announcing this first, stating that “Crowd intelligence is amazing.”

No Bail for Ex-Football Investor Accused of Running a Crypto Exchange Bank Scheme

Reginald Fowler, who was once a football investor, will be held without bail for the crimes of running an unauthorized bank to serve top cryptocurrency exchanges, due to his deep connections and access to the resources to leave the country. Fowler is being accused of running a bank fraud business using Crypto Capital, a payment processor, to serve top crypto exchanges QuadrigaCX, Bitfinex, Kraken, Binance, and BitMEX. The company received more than $700 million just last year. Fowler has also been accused of running a counterfeit operation and presenting fake bonds as collateral to some banks.

Blockstream Executives Siding With Tether Due to Conflict of Interest

Larry Cermak, head analyst of The Block, hinted at the reason why visible Blockstream personalities like Adam Back and Samson mow failed to condemn the Bitfinex/Tether issue. Cermak reveals Bitfinex is an early investor in Blockstream, and that the BTC dev company failed to highlight this fact enough, creating what he calls a classic conflict of interest. Back and Mow have chosen to show approval or at least not to attack Tether and Bitfinex for the “seized funds” and massive coverup that is alleged to have happened.

Bitcoin Cash Transactions Up 400%

The number of transactions being made daily on the Bitcoin Cash blockchain increased 400% since the year began, according to analysis site LongHash. The number of transactions has gone from less than 10K in January 2019 to more than 40K in April, with numbers provided by Coinmetrics, a cryptocurrency market analytics firm.

Bitcoin Cash 9th Development Meeting

Perhaps the final BCH developer meeting prior to the May 15th, 2019 scheduled upgrade, will be held May 6, with the objective of ironing out any kinks and to discuss information that will help to better implement this update. Also, discussion for the new update, planned to be held next November, will happen during this meeting. If you are a developer and want to share your POV, the information to assist is available at The Future of Bitcoin Cash.

Square's Bitcoin Business Booming, Coinbase Wallet Supports Dogecoin, Binance Margin Trades?CONTINUE THE SPICE and check out our piping hot VIDEOS. Our podcast, The CoinSpice Podcast, has amazing guests. Follow CoinSpice on Twitter. Join our Telegram feed to make sure you never miss a post. Drop some BCH at the merch shop — we’ve got some spicy shirts for men and women. Don’t forget to help spread the word about CoinSpice on social media.