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Paxtradings Crypto Minute: April 23, 2018

PAX Trading > Crypto Minute > Paxtradings Crypto Minute: April 23, 2018

Coinbase Closes Account Associated with Wikileaks’ Online Store

Coinbase has closed an account associated with Wikileaks’ online store for allegedly violating Coinbase’s Terms of Service. According to The Verge, Wikileaks used Coinbase to accept cryptocurrency payments in its merchandise outlet for shirts, phone cases, coffee mugs, posters, and other branded items. The ban will make it harder for Wikileaks to convert cryptocurrency payments into dollars.

Robinhood Expands Zero-Fee Cryptocurrency Trading to Colorado

Robinhood Financial has launched zero-fee cryptocurrency trading for clients located in Colorado. According to Bitcoin.com, Robinhood officially announced this latest expansion on its Twitter page. The company tweeted, “Robinhood Crypto is coming to a Rocky Mountain near you! Commission-free Bitcoin (BTC) and Ethereum (ETH) trading is now rolled out and available to investors in Colorado.”

Rare Bits Raises $6 Million in Series A Round Funding

Rare Bits has disclosed it raised USD 6 million in series A round funding. According to CNBC, Rare Bits is a platform launched in February 2018 that enables users to buy, sell, and search for virtual assets denominated in cryptocurrency. Investors in Rare Bits include Spark Capital, First Round Capital, Twitch CEO Emmett Shear, and founder and former CEO Justin Kan.

Iran Central Bank Prohibits Banks From Dealing with Cryptocurrencies

Iran’s central bank has prohibited banks within Iran from conducting any business with or using cryptocurrencies. According to Reuters, the central bank cites money-laundering concerns for the ban. This ban follows the government’s decision to unify its official and open market exchange rates by banning money exchanging outside of banks.

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