Recently, rumors that PayPal is looking to begin offering cryptocurrency direct-sales began making headlines after insiders from the company, in addition to recent job postings looking for blockchain experts highlighted its renewed interest in cryptocurrencies. If confirmed, PayPal’s entry into the crypto space may result in a significant boon for the industry, by providing an easy entry point for the hundreds of millions of investors — a major step forward in the path to mass […]
Over the last several weeks, popular crypto exchange Coinbase has been surrounded with negativity, prompting another round of the #DeleteCoinbase campaign. And while initial blockchain data made it seem as though the social media hashtag had been having an impact, a deeper dive suggests that cryptocurrency users aren’t exiting Coinbase in droves as first suspected. Campaign To Delete Coinbase Makes Comeback Coinbase became synonymous with Bitcoin and cryptocurrencies in late 2017, earning app the #1 […]
The popular cryptocurrency exchange Coinbase continues to cause upset across the crypto community due to the platform going offline or experiencing technical difficulties during each Bitcoin crash. Research shows that each time Bitcoin price moves $500 or more, Coinbase suffers an outage or some other type of critical failure, preventing customers from accessing their BTC. Coinbase Crashes More Than Bitcoin Itself, Can’t Withstand $500+ Movements Poll data shows that Coinbase remains among the number one […]
Coinbase CEO Brian Armstrong made the list of 15 youngest billionaires based in the US. Recently, Forbes released its famous World’s Billionaires List, while Business Insider compiled the youngest Americans from it. Coinbase CEO Is Worth $1 Billion Brian Armstrong is the oldest among the 15 youngest billionaires listed by Business Insider. Aged 37, his net worth is estimated at $1 billion, which puts him on the 1990th position in the Forbes list. Armstrong co-founded […]
US-based cryptocurrency exchange CoinZoom has officially launched its crypto exchange platform and Visa card. CoinZoom Allows Users to Spend Crypto with Visa Cards CoinZoom has just officially deployed its crypto exchange platform and Visa card that allows users to buy, sell and spend Bitcoin and other digital coins. The Utah-based company is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business. The CoinZoom Visa Card lets clients convert their crypto holdings […]
Starting from today, Android users can link their Coinbase card to their Google Pay wallets. This might be a good example that the crisis pushed the crypto market towards utility. Coinbase and Google, Two Tech Giants Join As the crypto market is losing its attractiveness as a refuge for investors amid market turmoil, it is gaining on the utility side. On Tuesday, Coinbase Card, a Visa-based debit card that can be funded with crypto, is […]
After the second halving in 2016, Bitcoin’s price skyrocketed. So, will the third halving, scheduled to occur in May 2020, repeat the same? A Pre-Halving Bitcoin Price Rally Is Already Underway A Bitcoin halving occurs every four years. At each halving event, the BTC generation algorithm cuts the block reward by half. As a result, Bitcoin is inflation-resistant — because only 21 million bitcoins will ever be mined. The last coin will be created aroundRead More The post appeared first on Bitcoinist.com.
Surojit Chatterjee, former product leader of Google Shopping, left parent Alphabet to become chief product officer at Coinbase, the largest cryptocurrency exchange in the US. Chatterjee to Make Cryptos Mainstream Coinbase announced late on Wednesday that Surojit Chatterjee would lead its product organization. Chatterjee has worked for Google for 11 years, holding various roles. He also worked as product leader at Flipkart, an Indian online shop. Coinbase CEO Brian Armstrong said that this particular roleRead More The post appeared first on Bitcoinist.com.
Coinbase CEO Brian Armstrong has recommended crypto-assets, once again, as the solution to economic woes, debt-monetization, and other problems facing the global economy. Armstrong specifically referenced troubles with the repo market, making the point that younger investors are far more comfortable with natively digital crypto-assets, than older generations. Coinbase CEO believes crypto is the answer Consider crypto “U.S. National Debt Will Rise to 98% of GDP by 2030, CBO Projects” https://t.co/PNniOjpZUV — Brian Armstrong (@brian_armstrong)Read More The post appeared first on Bitcoinist.com.
The U.S. Internal Revenue Service (IRS) could be made to restrict its crypto tax probe of Coinbase user William Zietzke to cover only 2016. IRS Should Restrict Zietzke Crypto Tax Probe to 2016 According to Law360, U.S. Magistrate Judge Sallie Kim says the IRS should reduce the scope of its document request to Coinbase concerning one of its users — Zietzke. Delivering the court’s recommendation, Judge Kim stated: The court finds that the requests forRead More The post appeared first on Bitcoinist.com.
Have you ever wondered how you can earn bitcoin passively in the modern crypto age? Well look no further, here is the perfect guide to help you get started. Bitcoin has generated massive returns since it began publicly trading in 2010. BTC has had it’s bearish periods but the overall trend has remained very bullish. The graph below shows the market cap of Bitcoin from 2014 to date. It is clearly evident that Bitcoin hasRead More The post appeared first on Bitcoinist.com.
Crypto is entering its second decade, after 10 years of highly dynamic development. Brian Armstrong, CEO, and co-founder of Coinbase revealed his expectations for the coming decade. User Base to Expand to 1 Billion for One Scalable Blockchain Predicting what comes for crypto assets will also in a way outline and affect their future, commented Armstrong. The first big development he mentions in his blog is the rapid rise in users, from around 50 millionRead More The post appeared first on Bitcoinist.com.
After ending 2019 with bad news of being banned on Google Play, Ethereum crypto wallet and dApp platform, MetaMask, managed to make a comeback on January 1st, 2020. Google Reverses Decision The Ethereum ecosystem saw a small setback in the last week of 2019 after Google decided to ban the Android client of MetaMask from its Play Store. The Ethereum wallet and dApp platform announced the news exactly a week ago, on Twitter. In theRead More The post appeared first on Bitcoinist.com.
The crypto industry has yet to evolve from exchanges which are nothing more than digital banks in reality. A couple are taking bold moves to slash their fees but how many others will follow and how will it affect the wider crypto industry. Crypto Exchanges: Banks in Disguise True financial decentralization should consist of direct peer to peer transactions and more decentralized exchanges (DEXs), yet still centralized exchanges reap the profits like their banking counterparts.
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US-based personal finance company Social Finance (SoFi) obtained the approval from the New York State Department of Financial Services (NYDFS) for its BitLicense application. New Yorkers Can Trade Cryptos via SoFi Digital Assets The NYDFS has permitted Social Finance to provide crypto trading services to its New York customers via its subsidiary SoFi Digital Assets. Social Finance decided to develop the service after multiple requests from its members. The crypto trading solution was about to
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Ethereum (ETH) may bring another round of staking enthusiasm if it moves forward to further replace mining in 2020. New Staking Projects Appeared in the Past Year Staking coins may come in fashion again, as passive income and slow growth replace previous highly speculative uses. Staking is nothing new in the crypto space, but this time around, there is better infrastructure and more reliable projects. The 2020 prediction comes from Alex Kruger and takes into
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Tezos (XTZ) seems to be immune to the recent crypto market slide, continuing its rally from the past weeks. XTZ was up to as high as $1.33, gaining momentum and potentially signaling a successful quarter. XTZ Carries Warning for Pump Behavior Tezos price moves have confused traders, as there is no significant underlying reason for the appreciation. The best explanation is hype based on the recent addition to Coinbase, making the asset more accessible. #XTZ
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The MakerDAO project launches its upgraded multi-collateral Dai stablecoin today. To the relief of many, it will not include traditional assets as accepted forms of collateral just yet. Cryptocurrency Exchange, Coinbase, has already announced support for the upgraded token from 2nd December. Single-Collateral To Multi-Collateral Upgrade Multi-Collateral Dai (MCD) will add several new features to the Maker protocol, according to a recent blog post. In addition to the expanded range of potential collateral asset types,
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Regal Assets, an alternative investments firm, partnered with custodian Kingdom Trust and crypto exchange Coinbase to develop and provide a fully insured Bitcoin and cryptocurrency individual retirement accounts (IRA) in the US. Coinbase Steps Into Crypto IRAs Bitcoin and crypto IRAs aren’t a novelty in the US, but the trio wants to take this financial instrument to a whole new level. The new crypto IRA accounts will enable investors to access the widest range of
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Coinbase has just released a new announcement, stating that it will reduce the number of confirmation requirements for four crypto assets on its platform. The United States’ largest crypto exchange, has brought in some welcome changes to its platform. Coinbase has just announced that it has changed the confirmation requirements for four different cryptocurrencies, including Bitcoin, Ethereum Classic, Zcash, and Litecoin. What changes did Coinbase introduce? Until now, Coinbase had strict confirmation requirements for each
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