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Coinbase


David Marcus is stepping down from the board of directors at cryptocurrency exchange Coinbase, citing his new assignment at Facebook leading the social media giant’s blockchain strategy. Marcus, a vice president at Facebook since 2014, joined the board at Coinbase, now valued at $8 billion, in December of last year. At the time, CEO Brian Armstrong said …

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Cryptocurrency startup Coinbase will boost its daily purchase limits and allow for “instant” trading following user bank transfers, the company announced Tuesday. Currently, according to the startup, clients have to wait five days for those funds to settle. But that’s about to change, with Coinbase reasoning that “when someone makes the decision to sign up, …

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There’s a new top 10 cryptocurrency. As of press time, the total value of all ether classic (ETC), the cryptocurrency that powers the ethereum classic blockchain, in circulation has topped $2.2 billion, a move that helped it leap from 12th place at the start of the day to 10th place according to CoinMarketCap data. Best known …

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Cryptocurrency exchange startup Coinbase has hired Amazon Web Services veteran Tim Wagner as its new vice president of engineering. Wagner was with AWS for five years, serving as a general manager and overseeing its API gateway, as well as various serverless services. Prior to that, he spent six years at Microsoft as director of development …

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Robinhood announced Monday that its customers can now invest in ethereum classic (ETC), just a day before Coinbase adds the option too. The company said in a blog post that the option went live today on its Robinhood Crypto app, adding that only those in the 19 U.S. states with access to the service can trade …

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The San Fransisco-based cryptocurrency exchange Coinbase is offering services again to residents living in the U.S. state of Wyoming. The exchange published a blog post on Saturday that it has renewed its money transmitter license in Wyoming, marking a long-waited return since Coinbase abruptly pulled out from the state three years ago. As previously reported by …

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U.S.-based cryptocurrency exchange platform Coinbase has announced a new service aimed to boost cryptocurrency payment options for e-commerce businesses. According to a blog post published Thursday, Coinbase Commerce – the startup’s non-custodial cryptocurrency payment solution for merchants – has now launched a plugin for popular e-commerce platform WooCommerce. WooCommerce, going by figures cited by Coinbase, currently provides …

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Crypto exchange Coinbase is now offering deposits and withdrawals denominated in the British pound (GBP), the firm announced Wednesday. The exchange’s U.K. division will now offer same-day deposits and withdrawals from the platform, allowing transfers to happen almost immediately. In a statement, Coinbase U.K. chief executive Zeeshan Feroz wrote that this system will replace the previous …

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Cryptocurrency exchange Coinbase has announced the appointment of its first-ever chief compliance officer as it moves to become a licensed broker-dealer in the U.S. According to a blog post published on Tuesday, the company is tapping the experience of Jeff Horowitz, who joins the firm following decades working for both banks and regulatory bodies. Horowitz …

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U.S.-based cryptocurrency exchange Coinbase is now offering a way to let customers purchase retail goods and services using crypto assets, thanks to a new partnership with a digital gift card startup. According to a report from Bloomberg on Wednesday, Coinbase has integrated its wallet services with WeGift, a London-based online gift card platform, and now …

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Some say a “decentralized exchange” is an oxymoron. Perhaps not, but for now it’s not much more than an aspiration. Over the past year, dozens of cryptocurrency trading platforms have marketed themselves as decentralized exchanges. While models vary, the term implies they allow users to trade on a peer-to-peer basis, and more importantly, without using …

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Cryptocurrency exchange Coinbase has formed a Political Action Committee (PAC), according to government documents published Friday night. A disclosure published by the U.S. Federal Election Commission revealed that the exchange formed the “Coinbase, Inc. Political Action Committee” in June 2018, though it has yet to raise or donate any money. The Form 3x – a …

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2017 was a wake-up call for bitcoin supporters to say the least. With so many people using the software amid a price boom, the fees for sending transactions swelled higher than ever before, even rising to as much as an average of $26 for a single transaction. It was a road with too many cars, …

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U.S. cryptocurrency exchange Coinbase has reportedly received regulatory approval to acquire several securities firms – a move that could eventually see it supporting trading in tokens deemed as securities. A spokesperson for the exchange said on Monday that both the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have approved …

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Cryptocurrencies generally see a price increase after being added to an exchange, but with Coinbase the rise can be meteoric – even when nothing is actually being added. The exchange announced Friday that it was looking into potentially adding cardano’s ADA token, basic attention token, stellar, zcash and 0x to its platform, and each of …

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Coinbase’s institutional product has begun accepting deposits, the exchange announced Monday. The exchange’s new Coinbase Custody sevice, aimed at institutional hedge funds and other clients who can deposit a minimum of $10 million, accepted its first deposit last week, the company announced on Twitter. In addition, the new service is now live for all customers. …

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Coinbase CEO and co-founder Brian Armstrong wants to help the unbanked access financial services. On Wednesday, the exchange’s co-founder announced he was launching a nonprofit organization to financially empower individuals and donate cryptocurrency to the unbanked worldwide. GiveCrypto.org aims to partner with other nonprofit entities to find potential recipients who could benefit from these cryptocurrency …

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The St. Louis division of the U.S. Federal Reserve Bank is now tracking the prices of four cryptocurrencies in its research database. According to an announcement on Tuesday, Federal Reserve Economic Data (FRED), an extensive database maintained by the central bank’s St. Louis branch, is now offering data points for bitcoin, bitcoin cash, ethereum and …

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Coinbase has formally launched a new index fund product aimed at large investors. Announced Wednesday in a blog post by product lead Rueben Bramanathan, the Coinbase Index Fund is now “open for investments” with a minimum required investment of $250,000. The fund will give investors access to all of the assets currently listed on Coinbase, which …

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Blockchain startup Swarm announced Wednesday that it was launching new “equity tokens” that would represent equity in notable blockchain startups like Coinbase and Ripple – but those companies have pushed back swiftly against the idea. The “blockchain for private equity” company published a blog post describing its new token project, with chief executive Philipp Pieper explaining …

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