Day 4 of 12 Days of Coinbase: More Features for Personal Dashboard

CoinSpeaker

Day 4 of 12 Days of Coinbase: More Features for Personal Dashboard

Coinbase launched a new 12-day event similar to the popular Christmas carol of ‘The 12 Days of Christmas’. As the crypto industry moves fast, and it can be hard to filter the signal from the noise every day, Coinbase decided to create – the Watchlist.

Day 4 of 12 Days of Coinbase: More Features for Personal Dashboard

Continue reading at Coinspeaker
Source: CoinSpeaker

Coinbase Users Can Now Easily Make Fiat Withdrawals via PayPal

CoinSpeaker

Coinbase Users Can Now Easily Make Fiat Withdrawals via PayPal

To enhance its customer experience, Coinbase has recently added a new option to withdraw fiat currencies via Paypal accounts.

Coinbase Users Can Now Easily Make Fiat Withdrawals via PayPal

Continue reading at Coinspeaker
Source: CoinSpeaker

Privacy Coin Zcash Launches on Coinbase Pro Trading Exchange

CoinSpeaker

Privacy Coin Zcash Launches on Coinbase Pro Trading Exchange

Coinbase continues adding new cryptocurrencies to its platform. Now Zcash (ZEC) will be available for Coinbase Pro customers.

Privacy Coin Zcash Launches on Coinbase Pro Trading Exchange

Continue reading at Coinspeaker
Source: CoinSpeaker

Coinbase Adds Basic Attention Token (BAT) to Its Retail Trading Platform and Mobile Apps

CoinSpeaker

Coinbase Adds Basic Attention Token (BAT) to Its Retail Trading Platform and Mobile Apps

Having an aim to satisfy its customers demand, Coinbase has taken a decision to add BAT to its trading platform and apps.

Coinbase Adds Basic Attention Token (BAT) to Its Retail Trading Platform and Mobile Apps

Continue reading at Coinspeaker
Source: CoinSpeaker

Facebook Restores Coinbase Crypto Ads, No Intent to Block Legitimate Companies

The CEO of Coinbase has just announced that the platform has just been approved to display ads on the largest social media platform in the world, Facebook.

Facebook Repeals Ban On Crypto-Related Advertisements

As the market began to run last year, so did cryptocurrency ad sightings, with dozens, if not hundreds of cryptocurrency companies promoting their product via any social media platform available to the public. However, it quickly became apparent, to social media firms and consumers alike, that there was a growing issue with cryptocurrency-related scams and schemes publicizing their products to a naive audience.

This resulted in the swift ban of crypto-related advertisements by firms such as Google, Twitter, and Facebook, with these firms specifically targeting questionable investment opportunities.  As reported by NewsBTC on July 26th, Facebook announced that it will be reversing its ban on cryptocurrency ads after nearly six months, with the social media firm becoming the first to reverse their embargo on this nascent industry.

With this ban reversal, the Californian firm will be implementing a new system to ensure only reliable and bona fide companies can run advertising campaigns. Prospective advertisers are now required to show the social media firm relevant licenses and background pertaining to the product they wish to advertise, with this process ensuring that no scams are seen by any Facebook customer.

It is important to note that Facebook will still be imposing a ban on Initial Coin Offerings (ICOs) and binary option advertisements, due to potential consumer protection risks.

On Wednesday, Brian Armstrong, the co-founder and CEO of Coinbase, revealed that the crypto infrastructure platform was finally permitted to advertise its product once again. He shared his excitement with users on Twitter, writing:

“Facebook banned ads for crypto earlier this year. Proud to say we’ve now been whitelisted and are back introducing more people to an open financial system”

Coinbase was the first crypto-related firm to get reapproval onto Facebook’s ad platform, as Coinbase has become one of the most publicized and well-known cryptocurrency platforms in the entire industry.

Many expect for Coinbase to begin to use this opportunity to their advantage, utilizing ads to promote their rapidly expanding roster of products, including their overhauled Coinbase Pro exchange, the Coinbase Index Fund, and the institutional-focused Coinbase Custody platform.

A New Potential For Widespread Adoption

Despite not being seen as big news by some, Facebook’s revised rules about crypto-related ads has great potential in sparking a new round of adoption for cryptocurrencies and decentralized ledger technologies (DLT), like the blockchain.

According to an assortment of statistic firms, Facebook is now the host of over two billion monthly users, making it the largest social media platform in the world.

Coinbase will likely be allocating a substantial amount of funds to their Facebook advertisement campaigns, opening up the crypto industry to millions of new consumers, looking to make their first entrance into this industry.

Featured Image from Shutterstock

The post Facebook Restores Coinbase Crypto Ads, No Intent to Block Legitimate Companies appeared first on NewsBTC.

Source: New feedNewsBTC.com

Coinbase Gets Go-Ahead To List Crypto Assets With The ‘Securities’ Label

Yesterday, Bloomberg reported that Coinbase has finally got the green light from regulators to list and offer the trading of crypto assets.

A Cryptocurrency Game Changer: Coinbase Gets Regulatory Approval

Seeing Coinbase list SEC-regulate crypto securities has been a topic of discussion in this nascent space for months now. In blog post from early June, Asiff Hirji, the President and Chief Operating Officer of Coinbase, wrote about the exchange’s “path” towards offering crypto securities support. He wrote:

“Today, we’re announcing that Coinbase is on track to operate a regulated broker-dealer, pending approval by federal authorities. If approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA)… This is all being enabled by our acquisition of Keystone Capital Corp., Venovate Marketplace, Inc., and Digital Wealth LLC.”

But with yesterday’s announcement, Coinbase has finally received the green light from regulators, in the form of approval from the U.S. SEC and the Financial Industry Regulatory Authority (FINRA)

A Coinbase spokesperson told Bloomberg that with this sign of approval, the American exchange will now be able to acquire the three aforementioned companies.

The acquisitions of these fintech-related firms will allow for the platform to facilitate a variety of cryptocurrency-related services for crypto securities, which have become increasingly prevalent. With the purchase of these three companies, Coinbase can now be classified as the first cryptocurrency-related company holding the status of a broker-dealer, an alternative trading system, and a registered investment advisor all at once.

The new licenses given to the exchange will allow Coinbase to allow its’ customers to eventually trade for tokenized securities, ICOs, along with also permitting the firm to offer margin and over-the-counter services.

The spokesperson for the cryptocurrency firm also noted that Coinbase will begin to implement its proprietary technology into newly-formed subsidiaries, but did not give details on the timeline of this move.

Coinbase On Track For Rapid Development

Despite being met with mixed criticisms over the past months, namely the high-fees of the exchange and the apparent lack of customer support, Coinbase is still set to experience rapid development and growth.

This most recent announcement, coupled with the potential additions of five altcoins to the Coinbase ecosystem indicate that Coinbase is ready for an expansion. Although new cryptocurrencies are welcomed, with Coinbase coin listings often signaling an increase in retail interest, these acquisitions have the potential to have a much larger impact on the cryptocurrency space as a whole.

If done correctly, Coinbase could begin to become a one-stop shop for cryptocurrency investors, offering services that may be all that the said investor needs, whether arriving from Main Street Or Wall Street.

As Coinbase’s mission statement states, “our mission is to create an open financial system for the world. An open financial system is one that is not controlled by any one country or company (just like the internet did for distributing information).”

Featured Image from Shutterstock

The post Coinbase Gets Go-Ahead To List Crypto Assets With The ‘Securities’ Label appeared first on NewsBTC.

Source: New feedNewsBTC.com

Coinbase is Exploring the Addition of Zcash, Stellar, 0x, BAT, and Cardano

Coinbase has just unexpectedly announced that its team is looking into making the addition of five top altcoins into Coinbase services.

Potential Support for Five Top Altcoins

The San Francisco-based exchange took to Twitter to announce that it is “exploring” options to add several crypto assets, namely Zcash, Cardano, and Stellar Lumens.

A Medium post noted:

“We are exploring the addition of several new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible.”

The full list of assets are as follows, which are all premier alternative cryptocurrencies (altcoins):
  • Cardano (ADA)
  • Basic Attention Token (BAT)
  • Stellar Lumens (XLM)
  • Zcash (ZEC)
  • 0x (ZRX)

The crypto exchange pointed out that the addition of these assets to Coinbase services will require “additional exploratory work,” adding that there is no guarantee that the exchange will support these assets in the future. This process is likely to be different than the “ongoing process of adding Ethereum Classic,” as the individual blockchains of Zcash, Stellar, and Cardano may prove to be technically difficult to fully integrate into Coinbase services.

The blog noted that even if Coinbase was to integrate these altcoins, the features supported may not be all-encompassing, due to a potential for technical and regulatory constraints. The post stated:

“Our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet. We may also only enable certain ways to interact with these assets through our site, such as supporting only deposits and withdrawals from transparent Zcash addresses.”

The American exchange didn’t give any clear timelines regarding the additions of these cryptocurrencies, but it was made clear that ongoing updates would be given to its customers through the Medium and Twitter social media platforms.

In accordance with its new policy, Coinbase noted that the announcement was made internally and to the public simultaneously, ensuring that insider trading would not occur.

Coins Mentioned See Price Surge

The coins that were singled out by Coinbase saw an immediate price surge on the announcement, with players like Zcash, BAT, and 0x seeing over 20% surges. Cardano and Stellar experienced milder moves upwards, seeing 11.2% and 9%, respectively. 0x has seen the biggest price jump so far, moving up 29.6% on the back of an influx of buying pressure.

Getting listed on Coinbase has historically been a bullish signal for cryptocurrencies, as securing a coveted spot on Coinbase’s cryptocurrency roster normally brings high levels of attention and adoption to a project.

Featured image from Shutterstock.

The post Coinbase is Exploring the Addition of Zcash, Stellar, 0x, BAT, and Cardano appeared first on NewsBTC.


Source: New feedNewsBTC.com