Crypto News Flash: Coinbase, Poloniex, Circle, Square, Dash, XRP

From mass adoption in Venezuela to a new market for EOS, here are some of the headlines breaking in the world of crypto.

Coinbase

Coinbase has added support for British pound deposits and withdrawals, allowing traders in the UK to exchange GBP for crypto. Prior to Wednesday’s announcement traders had to exchange GBP for euro before buying any cryptocurrency on the platform.

Poloniex and Circle

Crypto exchange Poloniex has added EOS. New trading pairs EOS/USDT, EOS/BTC and EOS/ETH pairs were enabled on Wednesday. Circle, the Goldman Sachs-backed peer-to-peer payments tech company that bought Poloniex five months ago, says it’s focusing on improving the core product experience and stabilizing the performance of the exchange.

Poloniex also delisted nine coins, starting today, due to Circle’s requirements. They are FLO, FLDC, XVC, BCY, NXC, RADS, BLK, PINK, and RIC.

Circle is reportedly expanding into global crypto securities trading. Former Goldman Sachs exec Benedicte Nolens will lead the effort as head of global regulatory affairs and head of compliance for Europe and Asia operations. Nolens was also the former head of compliance at Credit Suisse.

Square

Mobile payment company Square generated $37 million in revenue on Bitcoin sales in the second quarter. It also spent $36.6 million to support it as a payment option on the Cash App, bringing the company’s total Bitcoin earnings to $420,000.

Dash

Speaking in an interview with Glenn Beck, Teeka Tiwari of Palm Beach Research Group said he expects Dash to 10x over the next year. Dash says it has widespread adoption in Venezuela with 584 merchants accepting Dash.

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XRP

XRP is in live beta on Coinsquare. The Toronto-based exchange is planning an expansion into the US where it will rival Coinbase.

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