In today’s edition of Bitcoin in Brief we cover a new mobile app from Poloniex, the addition of USD fiat at Cobinhood exchange and the expansion plans of Bitmain in Israel. We also report about a triad boss who claims to have raised $750 million in a recent ICO.
Also Read: This Week in Bitcoin: New Exchanges, Bancor Breach, Binance CEO vs Vitalik
Poloniex Goes Mobile
Circle Internet Financial Ltd., the Goldman Sachs-backed Boston-headquartered company that acquired Poloniex earlier this year, has announced the launch of an official app for the exchange. The team behind the venue wrote on their blog: “In our effort to deliver the best possible experience across all platforms, we’ve acquired the best-in-class Poloniex app for iOS and Android! This app will now be the only officially supported Poloniex app in the App Store and Play Store.” They added that : “We have big plans for this app – next up is better mobile verification!”
Cobinhood Adds USD Fiat
Taiwan-based cryptocurrency service platform Cobinhood has announced the launch of fiat trading. This means that fiat can be converted through the exchange into cryptocurrencies, and vice versa. U.S. dollar deposits will be accepted from July 20th. The company needed to comply with KYC Level 3 in order to operate in a stringent regulatory environment and partnered with Epay for a solution.
“In several instances, the market is not reflecting tremendous progress being made at cryptocurrencies worldwide,” states Popo Chen, founder of Cobinhood. “Traders know there are opportunities abound for value, so it’s a very synergistic time to debut fiat trading on the Cobinhood platform. There’s no doubt in my mind that many value investors were waiting on the sidelines until prices rationalized, and so the near term promises
