TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Dash Core is laying off executives. BlockFi offers a 6.2% interest on cryptocurrency accounts. Samsung Galaxy S10 crypto wallet will support only Ethereum at launch date. South Korea creates a crypto-specific task force. Rival exchange CEO praises Coinbase resolution on Neutrino. Prices for 14 top cryptos went up more than 40% in February, and Monero funding shut down by Kraken due to wallet bug.
Dash Core Group Lays Off Executives, Trims 8% Of its Workforce
The corporation behind the dash cryptocurrency, Dash Core Group, has started laying off people in a move they have called a “planned reduction.” In a blog post on the Dash forum, they announced a reduction of 8% in their total working staff. Their head of Strategy and the Head of Business will be laid off, and the Human Resources division will be eliminated0 as a consequence of the bear market still hitting the industry.
BlockFi BIA Offers an Interest of 6.2% for Your Crypto
BlockFi, a cryptocurrency backed loan broker, introduced a new product that could be of great assistance to the unbanked. BIA (BlockFi Interest Accounts) lets investors earn a compound interest of 6.2% over their cryptocurrency savings on Bitcoin and Ethereum, higher than any other service. Their cold storage is backed up by Gemini, and people can just start earning by signing up for an account.
Samsung Galaxy S10 Wallet Would Only Support Ethereum
According to an early unboxing posted on Youtube by user Pavel Pluto, the Samsung Galaxy S10 cryptocurrency wallet appears to only support ether at launch. A set of earlier leaks showed the wallet would support bitcoin as well, but that might have been only during beta and testing versions. The Samsung Galaxy S10 will be in stores on March 7.
South Korea Creates Crypto Specific Task Force
The rise of the cryptocurrency related crimes in South Korea has pushed the government to create a cryptocurrency specific task force. According to government statistics, there has been a rise of 800% in the occurrence of such crimes. Prosecutors will have special legal powers, like freezing and tracking bank accounts related to scam companies.
Kraken CEO Praises Brian Armstrong of Coinbase
Tremendous respect for the biz you've built, the product, contribution to crypto accessibility and your charity work. Would love to hear your personal philosophy, thoughts on crypto ethos, Friedman doctrine and corporate social responsibility. What is success for you/CB/crypto?
— Jesse Powell (@jespow) March 5, 2019
Jesse Powell, the CEO of the Kraken exchange, reacted to Brian Armstrong’s choice of “transitioning” Neutrino’s personnel related to Hacking Team, a company that was negatively related to exposing internet activists in the past. Powell answered a tweet where Armstrong announced the issue, declaring he had “tremendous respect for the biz you’ve built, the product, contribution to crypto accessibility and your charity work,” and he wanted to know more about his philosophy.
14 Cryptocurrencies Finished February Up 40%
According to a report from Long Hash, February was a happy month at least for 14 top cryptocurrencies that were able to regain some lost ground in terms of big price increases. The biggest market cap winner was EOS, with a growth of more than 40%, accompanied by a lot of smaller cryptocurrencies and tokens. Also, 30 other cryptos achieved earnings of more than 15% during last month.
Monero Funding Suspended by Kraken
Crypto exchange Kraken communicated they will be shutting down Monero funding as a consequence of a bug that can allow attackers to fake cryptocurrency transactions related to Coinbase transactions. They are now “waiting on a patch to be released from the Monero team and will provide an update once a solution has been implemented.”
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.