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Crypto Reporter

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Crypto news in brief (August 2, 2018): Paul Krugman, Google, Binance, Trust Wallet, Telegram, Bitcoin ETF, BlockFi

August 2, 2018 By Crypto Reporter

– Just 2% of U.S. investors say they currently own bitcoin, and less than 1% plan to buy it in the near future
– Binance acquires mobile wallet Trust Wallet
– Paul Krugman has expressed skepticism about the future of cryptocurrencies
– BlockFi has raised $52.5 million from Galaxy Digital Ventures LLC
– Google will remove all cryptocurrency mining apps from its Play Store
– SEC has rejected the second attempt by Winklevoss twins to list bitcoin ETF on a regulated exchange
– Telegram launched a new user authentication service Telegram Passport

According to a Wells Fargo/Gallup poll, just 2% of U.S. investors say they currently own bitcoin, and less than 1% plan to buy it in the near future.

While most investors say they have no interest in ever buying bitcoin, 26% say they are intrigued by it but won’t be buying it anytime soon.

***

The major crypto exchange Binance has bought mobile Ethereum & ERC20 wallet Trust Wallet in its first acquisition deal.

***

Nobel Prize winning economist Paul Krugman has expressed skepticism about the future of cryptocurrencies. He said that he has two main problems with bitcoin and other digital currencies: “transaction costs and absence of tethering.”

***

New York-based lending firm BlockFi has raised $52.5 million from Galaxy Digital Ventures LLC, a digital currency and blockchain technology investment firm founded by Mike Novogratz.

***

Google is getting stricter with cryptocurrencies. After banning advertisements related to cryptocurrencies the company has now announced it will remove all bitcoin and other cryptocurrency mining apps from its Play Store.

***

The U.S. Securities and Exchange Commission (SEC) has rejected the second attempt by Cameron and Tyler Winklevoss to list the first-ever bitcoin exchange-traded fund (ETF) on a regulated exchange. The ETF’s value would have been tied to bitcoin price on the Winklevoss twins’ Gemini Exchange

***

Telegram announced it would launch a new user authentication service Telegram Passport. The service will allow uploading the documents via its messenger only once and share the data with other services that require identification. Before, the same paperwork had to be uploaded separately for each new service, writes Telegram.

Filed Under: General News, News Tagged With: Binance, bitcoin, BlockFi, cryptocurrency, ETF, exchange, exchanges, Galaxy Digital, Google, Mike Novogratz, news, news in brief, Paul Krugman, Play Store, Telegram, Telegram Passport, Trust Wallet

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