Day: August 25, 2018

Weekly crypto brief: Here are the double-digit gainers in the bullish markets and much more

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In today’s column of weekly crypto brief, we’ll take a look at the market’s double-digit gainers, countries that have made major strides in cryptocurrency regulations and more juicy stories that have graced the cryptocurrency industry in the last one week. Crypto market continues recovery as bitcoin hits $6,700 Bitcoin’s price increased from $6,400 to $6,700 in the past 24 hours recording a decent increase in its daily volume. The total market capitalization also increased from $210 billion to $215 billion within a two-day period. This may have been fueled by…

Markets See Wave of Green, BTC Pushing $6,750, ETH At $280

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Saturday, August 25: crypto markets are showing bullish sign of a persuasive recovery. Virtually all of the top 100 cryptocurrencies are in the green today, with solid growth of between 1 and 4 percent among the top 10 largest coins by market cap, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,696 at press time, up around 2.5 percent on the day, according to Cointelegraph’s Bitcoin price index. The top coin has now seen several days of strong recovery since its steep plunge August…

SEC U-Turn on ETF Rejection — A Balancing Act for Adoption?

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It’s been an interesting couple of days for a number of exchanges which were hoping to get the green light to launch various Bitcoin exchange-traded funds (ETFs). On Aug. 22, the U.S. Securities and Exchange Commission (SEC) released its verdict on nine separate ETFs submitted by three applicants, ProShares, Direxion and GraniteShares. The move denied the trio permission to move ahead with plans to launch their respective products. ProShares was looking to launch a pair of Bitcoin ETFs, Direxion had sought approval for five products while GraniteShares hoped to launch…

Ethereum Classic (ETC) is launching on Coinbase Pro

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Transfer ETC immediately to your exchange account and place limit orders in advance of trading We announced final testing for Ethereum Classic (ETC) last Friday, with a goal of accepting ETC transfers for exchange users by Tuesday August 7th. Our testing has gone according to plan and we will be launching ETC support first on our exchanges, and then at Coinbase.com. Our launch will proceed in four stages: transfer-only, post-only, limit-only, and full-trading mode. Ethereum Classic launches first on Coinbase Pro We are beginning the launch of ETC on our exchange at…

Buy and sell immediately and higher daily limits – The Coinbase Blog

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Increasing daily limits to $25,000 and enabling immediate trading Today we’re announcing immediate trading and significantly higher default limits for Coinbase accounts. Starting today, we are rolling out the ability to trade cryptocurrency immediately after a purchase — no more waiting five days for funds to settle. Most customers will also see their trading limits increased to $25,000 per day. This functionality will be available for US customers over the next few weeks. Empowering customers to trade when they want Millions of people turn to Coinbase to get started buying and selling…

Welcoming the Distributed Systems team

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There was a time, not too long ago, where our identities existed solely offline. Over the past 20 years, though, this has fundamentally shifted as a result of technological advances like the internet. Many people born today may find themselves defined entirely by their online identities. Their time, relationships, habits, the work they do, the things they own and their relationships with other people are steadily becoming more digital. One of the reasons a lot of technologists who are thinking about digital identities are drawn to crypto, and specifically why…

Coinbase Index Fund reduces fee to 1%, adds Ethereum Classic

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We’re pleased to announce that we are reducing the annual management fee for Coinbase Index Fund from 2% to 1% for all new and existing investors. We’re reducing our fee in order to attract investors who are familiar with lower-fee index funds in other asset classes. This will help introduce a new category of institutional investors into the cryptocurrency space. Coinbase Index Fund has also been rebalanced to include Ethereum Classic, following its listing on Coinbase this week. All investors now have exposure to Ethereum Classic. The fund will continue…

Goodbye Toshi, hello Coinbase Wallet — the easiest and most secure crypto wallet and browser

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Today, we’re proud to announce that Toshi is becoming Coinbase Wallet. This is not just a new name, but part of a larger effort to invest in products that will define the future of the decentralized web and make that future accessible to anyone. At Coinbase, we believe that the applications of the future will be built on a decentralized internet (the blockchain). Everyone will own a crypto wallet that allows them to access decentralized applications (dapps) and that wallet will be their gateway to the open financial system. Toshi…

Buy and Sell Ethereum Classic on Coinbase Consumer – The Coinbase Blog

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Starting today, Coinbase Consumer supports Ethereum Classic (ETC) on Coinbase.com and the mobile app. Customers in every country where Coinbase operates can log in now to buy, sell, send, receive, or store Ethereum Classic, along with Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. One of the most common requests we hear from customers is to be able to trade more assets on Coinbase. Ethereum Classic is just a first step in that direction. We announced last month that we are exploring a number of other assets to add to the platform.…

When it comes to context, more is more – The Coinbase Blog

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And other lessons I learned on the front lines of hypergrowth When I joined Coinbase in 2014, we were 10 people in a tiny loft in SoMa. The master bedroom served as our conference room, and when we needed privacy, we took calls in the laundry room. Every so often, one of us would have to restart the router to kick the wifi back into action. Today, Coinbase has offices in six cities across three countries. We serve 20 million accounts in 32 countries. Not only do we now have…