Category: Coinbase
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Blackrock Waiting Until Cryptos Become ‘Legitimate’ Before Offering ETFs
BlackRock CEO Larry Fink said Thursday that while he hasn’t entirely written off the possibility of his company trading crypto assets, he thinks the industry still needs time to mature. BlackRock, the world’s largest asset manager, is avoiding a bitcoin ETF until cryptocurrencies become “legitimate.” https://t.co/DFpaSHo0ag — CNBC (@CNBC) November 1, 2018 https://platform.twitter.com/widgets.js Dealbook-Breaker “I…
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The Daily: Coinbase Launches Investment Fund, Cointext Enters New Markets
In this edition of The Daily, we look at Coinbase’s decision to create a new investment vehicle for institutions in partnership with asset manager Wilshire Phoenix. We also cover the expansion of bitcoin cash SMS wallet service Cointext into four new markets. Also, New Zealand’s financial regulator has issued a warning against a platform offering…
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Digital Asset ATM Provider Coinsource Acquires Bitlicense
Coinsource announced on Thursday that it has become the first digital asset ATM provider to be granted a Bitlicense in the state of New York. The company joins 12 other organizations that have already received the license for virtual currency businesses from the New York Department of Financial Services (NYDFS). Also read: Anypay Provides BCH Invoices That…
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Circle’s Stablecoin Draws Most Early Demand
USDC, the stablecoin supported by a consortium that includes Circle Internet Financial Ltd. and Coinbase Inc. has seen more demand than any other recently launched dollar-backed cryptocurrency, including the Gemini Dollar, with a total of $127.4 million of the coin issued since its September debut. USDC Is Grabbing Massive Amounts of Investment Attention Stablecoin USD…
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Coinbase Raises $300 Million, Reaching $8 Billion Valuation
The San Francisco-based cryptocurrency exchange and brokerage service Coinbase announced on Tuesday that it had raised $300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up to $8 billion. Also read: Bitstamp Confirms Acquisition by South Korean Company Coinbase Raises…
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The Daily: Coinbase Reportedly Cuts Staff, Telegram Loses Appeal Against Ban
In this edition of The Daily, we cover reports that the U.S. exchange Coinbase has laid off some of its remote workforce. We also look at news that Bitfury is considering holding an initial public offering like Bitmain. Also, a court in Moscow has reject an appeal against the ban imposed on the popular messenger…
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Regulations Roundup: Shenzhen Court Recognizes Bitcoin, Coinbase Lawsuit Dismissed
In recent regulatory news, a Shenzhen court has ruled in favor of protecting an “equity transfer agreement” involving bitcoin, the judge presiding over a class action lawsuit against Coinbase has granted a motion to dismiss, and an Australian woman has been arrested for stealing 100,000 XRP following a 10-month investigation. Also Read: Regulations Roundup: SEC Considers…
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Is Crypto-Finance the New Banking? Coinbase and Circle to Blacklist Suspicious IP Addresses for USDC
The rapid launch of several stablecoins offerings in 2018 seems comparable to the ICO boom in 2017, with most price-stable tokens built by premier crypto companies or invested in by venture capital funds. However, such developments look largely centralized – which defeats the significance of cryptocurrencies – and forms an area of concern. USDC Controversy…
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New York Regulator Approves Coinbase’s Custody Services for Six Cryptocurrencies
The New York State Department of Financial Services has licensed a subsidiary of Coinbase to operate as an independent qualified custodian. The regulator has also approved Coinbase’s custody services for six major cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Coinbase Custody Licensed The New York State Department of Financial Services (NYDFS) announced…
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Coinbase Announces Immediate Support for Circle’s USD Stablecoin
According to a blog post, Coinbase and Circle have partnered to bring the USD Coin (USDC) stablecoin to Coinbase. Starting today, Oct. 23, Coinbase customers in supported jurisdictions can buy, sell, send, and receive USD Coin on the Coinbase website, as well as the Coinbase iOS and Android apps. More About USD Coin Coinbase customers in…