Amazing Crypto

Category: Coinbase

  • Major cryptocurrency exec sees big inflow of capital from institutions, a sign of adoption

    Major cryptocurrency exec sees big inflow of capital from institutions, a sign of adoption

    According to Brian Armstrong, the CEO of Coinbase, one of the largest cryptocurrency exchanges in the global market valued at $8 billion, institutional customers have been depositing $200 million to $400 million per week into the crypto market. Up until mid-2018, major exchanges and regulated investment vehicle operators had struggled to see a consistent inflow…

  • Coinbase Custody acquires institutional clients of Xapo, becomes world’s largest crypto custody provider

    Coinbase Custody, the custody arm of iconic crypto exchange Coinbase, has officially acquired the institutional business of custody provider Xapo, and with $7 billion under custody, the firm says it has become the largest crypto custodian in the world, according to a press release. 1/ Today, Coinbase Custody has completed an acquisition of Xapo’s institutional…

  • 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…

  • Coinbase to delist Zcash for U.K. customers for unknown reasons

    Coinbase has told customers in the U.K. it will remove support for Zcash (ZEC) on the 26th of August, 2019, just days after British tax authority HM Revenue & Customs reportedly requested customer and transaction data from the cryptocurrency exchange. The announcement was first reported August 9th by U.K.-based users of the exchange, who said…

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

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

    [youtube https://www.youtube.com/watch?v=1u_i-z03dFM&w=560&h=349] The 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…

  • Algorand’s ALGO token listing on Coinbase Pro, price jumps 11.85%

    The Coinbase Pro announcement of Algorand’s ALGO listing pushed the price up from $0.727 to $0.814 within 40 minutes, an 11.85 percent increase—and wicking the price as high as $0.841. Algorand—a Boston-based blockchain company created to improve blockchain decentralization, scalability, and security—made the news last month after it completed a $60 million token sale. The…

  • Coinbase listing opens Tezos (XTZ) to millions of retail investors

    Coinbase added Tezos to its retail platform and mobile apps. The move will provide market access to the cryptocurrency for millions of retail investors. Tezos is a delegated proof of stake blockchain that governs itself by establishing a true digital commonwealth. It facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and…

  • Judge: Coinbase can be sued for Bitcoin Cash listing, was negligent

    A U.S. judge has ruled Coinbase can be sued for negligence over its contentious 2017 Bitcoin Cash (BCH) listing, describing the actions of the iconic U.S. cryptocurrency exchange as constituting “incompetence born of haste”, Bloomberg reported. The news sheds light on the progress of a class-action lawsuit filed in 2018 by Coinbase customer Jeffrey Berk,…

  • Coinbase volume signals lack of altcoin interest, BTC dominates

    Coinbase announced that it is planning to add 90 percent of all cryptocurrencies by aggregate market capitalization to its platform. Despite Coinbase’s commitment to listing more crypto assets, trading volume on Coinbase Pro shows lackluster investor interest in altcoins while BTC dominates trading volume. Coinbase Pro trading volumes Approximately $461 million was traded in the…

  • Coinbase considers listing eight new coins including Dash, Decred, Ontology, and Algorand

    Coinbase is considering the addition of eight new cryptocurrencies to the platform, including Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves.  Although the firm specified that these digital assets will be added on a jurisdiction-by-jurisdiction basis depending on the regulatory framework where they operate. Coinbase is also planning to add 90 percent of all the…