Coinbase Hands Nearly $1M to Cryptsy Victims After Settling Class Action Lawsuit

Coinbase has settled a class action lawsuit brought by users of the former Cryptsy cryptocurrency exchange. According to a set of court documents dated Nov. 27 and Dec. 10, 2019, Coinbase has agreed to turn $962,500 over to an escrow agent responsible for handling class action claims related to a previous lawsuit against Cryptsy. Lawyers for the plaintiffs, who announced the settlement Monday, have already won 11,325 BTC from this previous case. The plaintiffs created a webpage for potential Cryptsy victims – any individuals who used the exchange before 2015…

Coinbase CEO Brian Armstrong Predicts Rise of Privacy Coins in Upcoming Decade

In a blog post titled ‘What will happen to cryptocurrency in the 2020s’ published on January 3rd, Brian Armstrong, the co-founder and CEO of Coinbase, discussed cryptocurrency and its future. Armstrong wrote in the post that he thinks one of the popular blockchain networks will see an increase in privacy features and stated that he believes privacy coins will undergo a mainstream adoption in the coming decade. Armstrong further elaborates in the blog post that similar to how the launch of HTTP with the internet has only later become HTTPS…

Android Platform Now Home to Coinbase Pro Trading App

Coinbase has expanded compatibility for its trading platform, Coinbase Pro.  The Coinbase Pro mobile app is now available on Android’s operating system, Coinbase said in a Jan. 7 blog announcement. The exchange unveiled its Pro app for iPhone (iOS) users in October 2019.  Coinbase Pro on Android touts updates to the already-available iOS app version, including crypto and fiat currency (USD, CAD, etc.) deposit and withdrawal capabilities, as well as additional security features, the blog post said. Coinbase has also updated its Pro iOS app to include these capabilities. Controversy…

Coinbase Pro App Now Available on Android With 50 Trading Pairs

Coinbase Pro released a new Android application Tuesday, granting professional investors using the exchange access to high-speed trades and other activities. Product manager Linda Xie wrote in a blog post that Coinbase Pro customers in more than 100 countries could use 50 different trading pairs with its new Android app, released some three months after the company first launched an iOS app targeting its professional traders. Both apps offer deposit and withdrawal services, and “the mobile trading experience provided by the app offers the functionality of our desktop platform,” she…

Hundreds of Institutions Are Already Investing in Crypto: Coinbase CEO

In an extensive blog post about potential major trends in the cryptocurrency space in 2020, Coinbase CEO Brian Armstrong said that hundreds of institutional investors are already investing in the crypto market. Throughout 2019, with the launch of Bakkt, much of the year’s narrative surrounded the entrance of institutions into the crypto sector. According to the CEO of one of the biggest cryptocurrency exchanges globally, institutions are already actively investing in the emerging asset class and the trend is likely to continue throughout 2020. Will institutions further bolster the crypto…

Coinbase CEO Brian Armstrong Says 20s Will See an Anoncoin Go Mainstream

Brian Armstrong, co-founder and CEO of United States-based cryptocurrency exchange Coinbase, said that he believes a “privacy coin” will go mainstream in the 20s. In a post published on Coinbase’s official blog on Jan. 3, Armstrong said that he believes in the 20s we will see the integration of privacy features into one of the major blockchains. He also foresees a cryptocurrency with such features to go mainstream in the following years: “Just like how the internet launched with HTTP, and only later introduced HTTPS as a default on many…

Coinbase CEO Brian Armstrong Rounds Up the Decade in Crypto

Coinbase CEO Brian Armstrong published a Medium post on Jan. 2 sharing his thoughts on how the crypto space has progressed over the last ten years.  Armstrong’s post, inspired by Fred Wilson’s article on technology over the past decade, begins with Bitcoin. Armstrong noted that the leading cryptocurrency hasn’t failed once in its birth ten-year history. Despite any doubt about Bitcoin’s survival, Armstrong pointed out that the digital currency has actually thrived. “There were over 379 articles written, prematurely declaring the end of Bitcoin. Not only did Bitcoin survive, it thrived,…

Coinbase Phases Out Earn.com, Doubles Down on Coinbase Earn

Cryptocurrency exchange Coinbase plans to shut down cryptocurrency learning platform Earn.com in favor of its in-house developed counterpart Coinbase Earn. Industry news outlet The Block reported on Dec. 22 that Coinbase announced in an email to its customers that the exchange plans to only focus on Coinbase Earn and will be “sunsetting Earn.com.”  Earn.com and Coinbase Earn are platforms that compensate their users with crypto assets for learning about them and completing educational tasks. Coinbase had initially acquired Earn.com in April 2018. Earn.com users are advised to withdraw their balances…

Coinbase Secures Patent for Bitcoin Transactions via Email Addresses

The CEO of one of the most popular cryptocurrency exchanges Coinbase, Brian Armstrong, has recently been granted a patent which will allow consumers to trade Bitcoin through email, according to the United States Patent and Trademark Office (USPTO). The cryptocurrency patent, which was granted in the U.S., portrays a digital system for crypto consumers to make payments in cryptocurrencies through a more common medium like email addresses. The patent essentially describes how these far more convenient addresses will operate similarly – yet, obviously more easily – to traditional crypto wallet…

Coinbase CEO Receives Patent for Transacting Bitcoin via Email

Brian Amstrong, the CEO of Coinbase, has patented a system that allows users to transact Bitcoin (BTC) directly using email. First filed in March 2015 and awarded by the United States Patent and Trademark Office (USPTO) on Dec. 17, the method enables users to make Bitcoin payments using email addresses tied to wallet addresses, without incurring transaction fees. Zero-fee convenience As the abstract for the invention indicates, email addresses serve as identifiers for users’ wallet addresses within the system. The method couples a Bitcoin wallet creation and management module with…