Hodler’s Digest, July 29-August 5: Both Kim Kardashian and the Operator of the New York Stock Exchange Get Into Bitcoin
Intercontinental Exchange, the operator of 23 global exchanges including the New York Stock Exchange (NYSE), has announced plans to launch an “open and regulated” global digital asset ecosystem, as well as one-day physically delivered Bitcoin contracts pending CFTC review and approval. The company, called “Bakkt,” will work with enterprises including BCG, Microsoft, and Starbucks.
South Korean Authorities Investigate Alleged Sunken Treasure Crypto Scam
South Korean authorities are investigating a possible cryptocurrency investment scam by the Seoul-based Shinil Group, who allegedly promised investors that they would be reimbursed with gold from a sunken Russian ship discovered last month. The Russian armored cruiser, which sank 113 years ago, is rumored to have about $131 billion worth of gold.
Square Payment Services Reports $70 Million In Bitcoin Revenue For First Half Of 2018
Twitter CEO Jack Dorsey’s Square, a payment service that added a Bitcoin option in November of last year, revealed in a quarterly report that they have generated over $70 million in Bitcoin revenues in the first half of 2018. According to the report, BTC revenue over Q1 2018 was $34 million, Q2 2018 was $37 million, and the the total revenue for Q2 of 2018 was $814 million.
Kim Kardashian West “Moves Onto Bitcoin” At Charity Poker Night
Kim Kardashian West posted an Instagram Story to her $114 million followers last week of what appeared to be her staking physical Bitcoin chips at a charity poker night out. The physical cryptos appear to closely resemble a Kialara-designed bitcoin, which crypto entrepeneur Matt Roszak tweeted that he gave Kardashian West earlier that day.
Coinbase Custody Considers Addition Of 40 Altcoins To Its Custodial Service
Crypto wallet and exchange Coinbase announced this week that it is considering adding 40 new assets to its custodial service, with the caveat that they may be added “for storage only” and are not currently considering them for trading. Coinbase noted that the addition of an asset to Coinbase Custody is not indicative of whether it will be added to other Coinbase products, adding that all assets under consideration for trading must pass the GDAX Digital Asset Framework.