Category: Exchanges

Coinbase Becomes Official Cryptocurrency Platform of Seattle Storm

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In an effort to educate investors about the growing market of cryptocurrency assets, Coinbase, one of the largest digital exchanges, recently announced its partnership with Seattle Storm, an American professional basketball team. Seattle Storm competes in the Women’s National Basketball Association (WNBA). The details shared by the franchise show that the recent partnership is the first of its kind for a WNBA team. The partnership has also made Coinbase the official cryptocurrency platform of Seattle Storm. “We are excited to partner with Coinbase and that they are joining our Force4Changes…

Crypto Exchange Giant Coinbase Announces Launch of New Crypto-Focused Think Tank

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The leading US-based crypto exchange is announcing the launch of the Coinbase Institute, a new global think tank created to debate and advance the future of crypto and Web 3.0 protocols. According to a new Coinbase blog post, the think tank is launching with the purpose of bringing together academics, policymakers, and prominent figures within the crypto community to research and discuss the future of blockchain-based technologies. “Our mission is to accelerate rigorous, novel research, and to bring together the best minds across disciplines to fuel progress on decentralization, Web…

Crypto Exchange Coinbase Unveils New DApp Wallet and Browser for Ethereum (ETH) Network

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US-based cryptocurrency trading platform Coinbase is launching new ways for users to access decentralized applications (DApps) in the Ethereum (ETH) ecosystem. The crypto exchange says it is releasing a new DApp wallet and browser that will allow users to buy digital collectibles, trade crypto assets on decentralized exchanges and participate in decentralized finance (DeFi). The new Ethereum-based DApp wallet and browser will be accessed directly from the Coinbase app and will initially be available to a limited number of users in the US. The DApp wallet and browser will also…

Decentralized Exchanges (DEX) Explained

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Similar to foreign exchange markets, where currencies are traded continuously, cryptocurrencies need their own markets for users to buy, sell and trade cryptocurrencies. However, as decentralization is a key aspect of cryptocurrency trading there was a need – trading without the cost or manipulation of a third party, for exchanges without a centralized point of authority, welcome Decentralized Exchanges (DEX). What are Decentralized Exchanges (DEX) Decentralized exchanges are cryptocurrency exchanges focusing on peer-to-peer trade without the need for a middleman. Being peer-to-peer, they are not legally based in any country…

China Continues to Clamor for Crown as Cryptocurrency Capital

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According to a report released by the Cambridge Center for Alternative Finance on Tuesday, China now accounts for 21.11% of global hashrate for Bitcoin mining, behind the U.S. at 37.84%. It’s more likely that Chinese miners simply shifted the equipment to more covert operations, away from prying eyes. The stories of Bitcoin mining’s decline in China have been greatly exaggerated, at least according to a Cambridge Center for Alternative Finance report that shows the practice has come back in full force to levels higher than before Beijing’s crackdown on the…

NBC Poll Shows 1 in 5 Americans Have Invested or Traded in Cryptocurrency

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A recent NBC News poll found that 1 in 5 Americans have invested in, traded with, or used cryptocurrency, demonstrating their increased popularity. The highest share of people doing so is comprised of men between 18 and 49, with half of them saying that they have dabbled in cryptocurrencies. The poll also reflected that crypto was a preferred vehicle of investment for minority groups. 40% of Black Americans between the ages of 18 and 34 said that they have invested or traded in crypto. Crypto advocates and supporters have long…

What is P2P trading, and how does it work in peer-to-peer crypto exchanges?

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What is peer-to-peer (P2P) trading? Peer-to-peer (P2P) trading is a type of cryptocurrency exchange method that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions. Unlike traditional Bitcoin (BTC) exchanges, which typically have strict regulations and require users to go through a verification process before they can access and use the platform, P2P trading platforms tend to be much more relaxed in terms of their requirements. In P2P trading, you can select your preferred offer and trade directly with…

Portugal Makes U-Turn on Cryptocurrency Tax

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Dukascopy Enhances Crypto Offerings with P2P Exchange Launch

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Geneva-headquartered Dukascopy Bank has enhanced its digital asset services with the launch of a marketplace for peer-to-peer (P2P) exchange of  cryptocurrencies  Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain…