Category: Coinbase

Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges

Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto ExchangesOn January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that Coinbase now holds 1 million BTC ($8.4 billion). Crypto […]

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Crypto Employment Abounds With More Than 8,000 Jobs in 2020

During the last year, the cryptoconomy has picked up pace after a drawn out crypto winter. When market prices were low and startups were short on capital, a bunch of firms laid off employees in 2018. A year later, and digital currency companies are hiring. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in […]

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Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans

Silvergate Bank and Bitstamp Launch Bitcoin Collateralized LoansU.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund loans and process repayments in real time. Also read: Regulatory Roundup: EU-Wide Crypto […]

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Coinbase Wallet Removing Mobile Dapp Browser to Comply With Apple

Coinbase Wallet Removing Mobile Dapp Browser to Comply With AppleIt’s been a busy couple of weeks for bad news in crypto, with Youtube’s removal of hundreds of videos, Google Play’s removal of Metamask, and now Coinbase mobile wallet users facing an announcement their app is losing its dapp browser, reportedly due to restrictive policy requirements from Apple. Some are calling the announcement “the last […]

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Getting In and Out of the Cryptocurrency Economy Can Be Costly

Getting In and Out of the Cryptocurrency Economy Can be CostlySince bitcoin and digital currencies have become popular, fiat on and off-ramps have sprung up that allow investors to enter and exit the cryptoconomy. However, many of the entryways into cryptocurrency markets have a hefty fee between 1-4% of the overall purchase and in order to obtain fiat for crypto the fees are just as […]

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Coinbase Closes Earn.com One Year After $100M Acquisition

Coinbase Closes Earn.com Which Cost It an Estimated $100 Million in 2018Coinbase is shutting down the startup Earn.com which it acquired for an estimated $100 million last year. The email service allowed senders to pay users in digital currency for replying to commercial messages or completing tasks. Also Read: Coinbase Acquires Earn.com for an Estimated $100 Million Coinbase Says Goodbye to Earn.com San Francisco-based cryptocurrency trading […]

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Cryptocurrency Exchanges Are Fighting to Escape Binance’s Shadow

Cryptocurrency Exchanges Are Fighting to Escape Binance’s ShadowIt’s impossible to assess the cryptocurrency landscape without considering Binance. It looms large over the industry, dictating trends, soaking up liquidity, and compelling new exchanges to fight tooth and nail for market share. Most exchanges aren’t gunning to become the next Binance. But they must all exist in its shadow while striving to carve a […]

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Coinbase Receives E-Money License From the Central Bank of Ireland

Coinbase Receives E-Money License From the Central Bank of IrelandCoinbase has secured a new legal foothold in Europe. The San Francisco-based cryptocurrency exchange has received an e-money license from the Bank of Ireland, which it can potentially use to continuing serving its customers across the continent, in case Brexit causes any disruptions. Also Read: Gartner: Corporate Blockchain Won’t Take Off for Another Decade Coinbase […]

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Crypto Investment Group Grayscale Releases Bitcoin Cash Primer

Crypto Investment Group Grayscale Releases Bitcoin Cash PrimerCrypto investment firm Grayscale has just released “An Introduction to Bitcoin Cash” highlighting the basics of BCH for those who may be yet unfamiliar, or just wish to brush up on the popular token forked from Bitcoin Core on August 1, 2017. With a significant reputation in the industry, Grayscale’s release of the document marks […]

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5 Educational Resources That Will Level up Your Cryptocurrency Knowledge

5 Educational Resources That Will Level up Your Cryptocurrency KnowledgeCrypto is a constant learning curve. Keeping pace with developments in bitcoin, blockchain, and the ever-evolving cryptocurrency ecosystem feels like a full-time job, and that’s just for experienced heads. For novices, it’s tough enough working out where to even start. While crypto wisdom accrues over time, there’s now an array of resources to jumpstart your […]

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Bittrex, Coinbase and Kraken Set up Crypto Rating Council

Bittrex, Coinbase, Kraken and Others Set up Crypto Rating CouncilThe heavy hand of regulators has been stifling the growth of the cryptocurrency industry in the U.S. and caused innovators to flock abroad. In a bid to mitigate one aspect of this problem, major players have now created a joint system for rating what constitutes a security token. Also Read: International Crypto Exchange Luno Adds […]

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The Number of Cryptocurrency Wallets Is Growing Exponentially

Number of Cryptocurrency Wallets Grows ExponentiallyWallets are a necessity for cryptocurrency users and their creation is a strong indication of how fast the popularity of decentralized digital money grows. The number of crypto wallets and their users has been increasing rapidly since the creation of Bitcoin. Spikes usually coincide with rising cryptocurrency prices during bullish periods, but it’s worth noting […]

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Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption

Taxation Is Not Only Theft, It’s Also Bad for Crypto AdoptionCrypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant Line is adding an FSA-approved crypto exchange to its hugely popular chat app, […]

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Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present

Bitcoin's Early Days: How Crypto's Past Is Much Different Than the PresentOver the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and […]

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Agorism and Bitcoin: Free People Don’t Ask Maxine Waters for Permission

Agorism and Bitcoin: Free People Don't Ask Maxine Waters for PermissionAnti-agorism Congressional Representative Maxine Waters still has misgivings about Facebook’s proposed Libra digital currency, even after meeting with Swiss government officials to discuss the tech last week. The sustained reservations echo the message of July’s open letter from the House of Representatives to Facebook, calling for a halt on Libra’s ongoing development. While many view […]

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‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders

'Not an Audit' - IRS Notice Could Spell Trouble for Crypto TradersThe IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still […]

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The New Bitcoin Banks Are Here

The New Bitcoin Banks Are HereA new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements of stablecoins and exchange services from giants Binance, […]

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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

How Coinbase Quietly Became the World’s Biggest Bitcoin BankOn August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to […]

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Twitter Crypto Scammers Continue to Fly Under the Company’s Radar 

Twitter Crypto Scammers Continue to Fly Under the Company’s Radar Over the last two years, cryptocurrency scamming on social media has been prevalent. In January 2019, it was reported that crypto impersonation scams on Twitter raked in millions in cryptocurrencies from people pretending to be well known blockchain personalities. Now a new form of deception can be seen on the platform, as scammers are using […]

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BCH News Roundup: Transactions Spike, Cashaddr Support and Developer Congress

BCH News Roundup: Transactions Spike, Cashaddr Support, and a Developer CongressThe last seven days have been busy within the Bitcoin Cash ecosystem with a slew of announcements and developments. Kraken exchange recently added the BCH-based Cashaddr address format and Coinbase open-sourced a utility that makes it easy to convert between Base58 and Cashaddr addresses. Additionally, the New Hampshire-based Anypay payment processor is bolstering merchant adoption […]

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PR: Evercoin Announces $1M Pre-Seed Financing With gumi Cryptos and Prominent Blockchain and Open Source Pioneers

PR: Evercoin Announces $1M Pre-Seed Financing With gumi Cryptos and Prominent Blockchain and Open Source PioneersSan Francisco, CA – Evercoin announced today $1M in pre-seed stage financing from gumi Cryptos and prominent Blockchain and Open Source pioneers.

Investors in this round include:

Gumi Cryptos Capital
Roger Ver — Founder, Executive Chairman of Bitcoin.com
Ross Mason — Founder of MuleSoft (sold to Salesforce.com)
Marc Fleury — Founder, CEO of JBoss Open Source (sold to Redhat)
John Pigott — Founder, CEO of the ABE Exchange
Eman Pulis — Founder, CEO of Malta Blockchain Summit

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