Overview of Bitcoin Today

In today’s edition of bitcoin in brief, we talked about Poloniex: a new mobile app, the addition of USD fiat at Cobinhood exchange and Bitmain’s expansion in Israel.

Circle Internet Financial Ltd has announced the launch of an official app for the exchange. Circle Internet Financial Ltd is the Goldman Sachs-backed company that was earlier this year acquired by Poloniex.

The company announced the launching in a recent blog post saying, “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 official supported Poloniex app in  the App Store and Play Store.”  The announcement further said, “We have big plans for this app-next up is better mobile verification!”

In another development, the founder of Cobinhood, Popo Chen is quoted to have said, “In several instances, the market is not reflecting tremendous progress being made at cryptocurrencies worldwide.”

He also noted that, “Traders know there are opportunities abound for value, so it’s a very synergistic time to debut fiat trading on the Cobinfood 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 to be an exciting time for exchanges that can offer the liquidity fiat options provide.”

On another front, expanding its research and development center in Israel is the target of Bitmain Technologies Ltd., the Beijing-headquartered bitcoin mining machines (ASIC chips) producer.

The company that is estimated to value close to $12 billion told Globes, a local newspaper that it is expected to triple its workforce in the Middle Eastern country in the near future. To add to the 15 employees already present in its development center in Ra’anana, the company is planning to recruit more than 40 researchers, programmers, engineers and marketing personnel.

The development center is headed by VP Gadi Glikberg, who recently said, “Bitmain had huge momentum in the past year as a result of the ever growing adoption of blockchain technology in general and digital coins in particular. The world is indeed in a relative calm from the great hype of December 2017, but for the big companies in the field it is a golden opportunity to design, build and grow, and Bitmain recognizes the potential of the Israeli knowledge and abilities to contribute to the company’s global efforts.”


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