Welcome to In Case You Missed It (ICYMI), a quick set of layoffs from a cryptocurrency startup sponsored by your favorite bear, Linzerd. UPbit accused of market manipulation. Goldman Sachs is still into blockchain, while India is using the tech for issuing birth certificates. Coinbase has the most active users active, and a third of US population is economically insecure.
UPbit Executives Accused of Fraud and Manipulation
The cryptocurrency space is not always a pretty place. Executives from the UPbit exchange, located in Korea, have been accused of fraud and market manipulation by the Korean government. According to the source, the executives created fake orders to pump up the market artificially. The prosecution alleges the exchange created fake orders worth more than 200 billion dollars. UPbit denied the allegations.
Blockchain Birth Certificates are a Thing in India
A new application for blockchain technology has been found in India, where the first blockchain-based birth certificate has been emitted. This supposedly is a better experience than the system they had before, where citizens would have to jump through hoops to receive their birth certificate. Too much bureaucracy made simple paperwork a difficult task, having to go to different institutions. But now the certificate can be issued almost instantly, and it can be authenticated quite easily.
Goldman Sachs Loves Blockchain
Despite sources at JP Morgan claiming institutional investors are being scared by the market decline, there are encouraging signs for the future. Although nobody loves Goldman Sachs, it seems they are still seeing a future for the world of blockchain and cryptocurrencies. They are spending on advertising cypto technologies, using services like Instagram. The image shown is proof that Goldman is still into crypto.
Coinbase Has the Most Active Users
A new article published determined total daily users of the most known cryptocurrency exchanges and their average transactions. Unsurprisingly, Coinbase is at the top of the list, averaging more than 420,000 users daily. Binance came a distant second place with nearly 310,000 users. However, the average transaction amount in Binance is way higher: a little more than $2K for Binance, and less than $200 for Coinbase.
A Third of the US Population is Economically Insecure
A new study sponsored by Mastercard and CenturyLink titled, “100 Million and Counting: A Portrait of Economic Insecurity in the United States,” found more than a third of the US population is economically insecure. This means that even employed, these families could not survive an illness, an emergency expense or even the loss of minor income.
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