Cryptocurrency exchange Coinbase is set to sponsor two Bitcoin Core developers for the first time, as part of a new grant program that aims to “grow and improve the entire crypto industry, while making it simpler to use and more secure for everyone.”

Popular cryptocurrency exchange OKEx has suspended all cryptocurrency withdrawals indefinitely. The exchange announced one of its private key holders has been “out of touch” with the trading platform because they are “currently cooperating with a public security bureau in investigations.”

Cryptocurrency payments platform Wirex has revealed it surpassed its crowdfunding target by over 370% after raising over £1 million ($1.2 million) in just 90 minutes.

Sponsored: After more than 9 months of intense development, and the implementation of a very advanced logistics infrastructure, Sesterce announces the launch of its e-commerce store, Crypterce.

Top stories in the Crypto Roundup today:

• Coinbase to Sponsor Bitcoin Core Developers For the First Time
• OKEx Suspends Withdrawals as Key Holder Cooperates With Investigation
• Crypto Payments Platform Wirex Raises $4.7 Million Through Crowdfunding
• Sponsored: Crypterce - the New E-Commerce Store, Like Amazon but With Crypto

Coinbase to Sponsor Bitcoin Core Developers For the First Time

Cryptocurrency exchange Coinbase is set to sponsor two Bitcoin Core developers for the first time, as part of a new grant program that aims to “grow and improve the entire crypto industry, while making it simpler to use and more secure for everyone.”

Manish Gupta, executive vice president of engineering at Coinbase, said:

“We believe helping to connect and grow the cryptoeconomy is essential to building an open financial system for the world.”

The comes after years of criticism from the cryptocurrency community, pointing out that coinbase and other cryptocurrency exchanges have made money off of Bitcoin and taken up the coder talent pool, without directly contributing to Bitcoin Core’s open-source codebase.

Other crypto firms, including OKCoin, Square, and BitMEX have all announced grants to Bitcoin developers in the past.

OKEx Suspends Withdrawals as Key Holder Cooperates With Investigation

Popular cryptocurrency exchange OKEx has suspended all cryptocurrency withdrawals indefinitely. The exchange announced one of its private key holders has been “out of touch” with the trading platform because they are “currently cooperating with a public security bureau in investigations.”

The investigations are reportedly being conducted over a “personal issue” of the holder of the private keys. Most cryptocurrencies sold off on the news, with the price of BTC on OKEx dropping 3% in about half an hour.

Hours ahead of the announcement, significant ether, tron, and bitcoin withdrawals were completed from OKEx-affiliated addresses. On social media, OKEX CEO Jay Hao pointed out that non-crypto withdrawals should still be processing, as non-crypto operations were unaffected.

OKEx’s notice added that its other functions “remain normal and stable” and that the security of users’ assets “will not be affected.” Withdrawals are set to resume immediately once the key holder is able to authorize transactions, it added.

Crypto Payments Platform Wirex Raises $4.7 Million Through Crowdfunding

Cryptocurrency payments platform Wirex has revealed it surpassed its crowdfunding target by over 370% after raising over £1 million ($1.2 million) in just 90 minutes.

Wirex noted in a press release that nearly 7,000 investors from 94 different countries participate in the crowdfund and invested in the cryptocurrency. Its success saw the firm close the crowdfunding effort 15 days ahead of schedule.

The fintech firm gave its 3.1 million customers ad others the chance to invest in the firm before it scales up, the press release adds, noting the Wirex recently announced a product overhaul.

Wirex is also reportedly looking to diversify its user base with launches in the United States and Japan in the pipeline. Its products let users buy, hold, and exchange multiple cryptocurrencies and fiat currencies, and pay for goods and services using a crypto-enabled debit card.

More ETH Is Sent on-Chain to Uniswap Pools per Day Than All CEX Combined

Ethereum's on-chain activity on the Flipside Data Cooperative reveals that $300MM is sent 𝙙𝙖𝙞𝙡𝙮 to DeFi apps & DEXes vs. $156MM to centralized exchanges. 70% of that ($211MM) is going to Uniswap specifically. 

Crypterce - the New E-Commerce Store, Like Amazon but With Crypto

After more than 9 months of intense development, and the implementation of a very advanced logistics infrastructure, Sesterce announces the launch of its e-commerce store, Crypterce.

"It’s like Amazon in cryptos. The idea is to create a secure and reference-rich space, open to all, to be able to use its cryptos for everyday purchases (...) Our aim here is to increase the number of real applications for end consumers, and thus help the development and democratization of cryptos throughout the world" stated Younes El Manssouri, CEO of Crypterce.

Crypterce already offers several tens of thousands of products on its site, in 50 different categories. You will find everything: high tech equipment, gaming hardware, home equipment, sports stuff, toys, etc… The range of products available is really very wide.

The delivery can be made all over the world, and no less than 5 cryptocurrencies are already available to pay for your purchases: Bitcoin (BTC) of course, but also Ethereum ethers (ETH), Litecoin (LTC), Bitcoin Cash (BCH) or Ripple's XRP token.

Discover now Crypterce and take advantage of a 5% discount available for the next 24 hours with the code CRYPTOCOMPARE5.

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