Four New ERC 20 Tokens are Launching on Coinbase Pro

CoinSpeaker

Four New ERC 20 Tokens are Launching on Coinbase Pro

Civic, district0x, Loom Network, and Decentraland are already available to trade on Coinbase Pro.

Four New ERC 20 Tokens are Launching on Coinbase Pro

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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

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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

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Source: CoinSpeaker

Zcash Climbing as Coinbase Pro Launches ZEC Trading

There can be no better boost for a cryptocurrency during hard times than a major exchange listing. They come no bigger than Coinbase which has recently announced that it would be adding Zcash to its Pro trading platform.
In a company blog post yesterday Coinbase revealed that it would be enabling Zcash deposits on November 29. Deposits will be accepted for 12 hours before trading is opened and sufficient liquidity for the ZEC/USDC pair has been reached. The post also noted that ZEC trading will only be available for customers in limited countries, namely the US (excluding New York), UK, EU, Canada, Singapore and Australia.

ZEC is launching on Coinbase Pro. Starting at 10am PT, customers can transfer ZEC into their Coinbase Pro account. Traders can deposit ZEC, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/5nADybxqKk
— Coinbase Pro (@CoinbasePro) November 29, 2018

The launch will occur in four stages, the first being inbound transfer only as mentioned above. Secondly clients will be able to post limit orders but there will be no matches In the third stage the limit orders will be matched but market orders still unavailable. Finally full trading will be enabled in the fourth stage.
This has been done to limit volatility during the launch of a new asset. Coinbase added that ZEC was not available on the primary platform or its mobile apps, just Coinbase Pro which is the rebranded version of GDAX.
The post highlights some of the features of Zcash which include transaction privacy protection via advanced cryptography using ‘shielded’ or ‘unshielded’ options. Essentially transparent addresses are visible on the blockchain and shielded addresses are not. Zcash also uses zk-SNARKS to verify transactions which, to put it simply, is the concept of proving that you know something without revealing what it is that you know.
ZEC Market Reaction
Zcash has been smashed with the rest of the altcoins this year dumping 90% from its all-time high of just under $900 in January. ZEC lost over 50% alone this month when it dumped from $130 to a 2018 low of around $60 on November 25. Since then, however, it has recovered around 45% to its current price levels as crypto markets rebound from their lowest level for well over a year.
At the time of the Coinbase announcement a few hours ago ZEC spiked around 15% to a weekly high of $93.50 according to Coinmarketcap. Since then it has pulled back a little and is currently trading at around $89, up 13% on the day. It has a market capitalization of $475 million which puts ZEC at 18th spot, above Tezos and below Ethereum Classic.
 
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The post Zcash Climbing as Coinbase Pro Launches ZEC Trading appeared first on NewsBTC.
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Is Coinbase Trying to Disrupt Bitcoin’s Reserve Asset Status by Listing New USDC Pairs

In recent weeks two new cryptocurrencies have been listed on Coinbase, 0x and BAT. Both resulted in predictable pump and dumps immediately before and a few hours after the announcements. This is no surprise, but the fact that one of these two new listings is only available to trade in USDC could raise a few eyebrows.
Stablecoins to disrupt Bitcoin’s dominance
USD Coin, or USDC, is a dollar-pegged ERC20 stablecoin from Circle and Coinbase. It has been designed to rival Tether which has been embroiled in its fair share of controversy recently. According to the blurb on the website “CENTRE stablecoins are issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency. Issuers are required to regularly report USD reserve holdings, and that information will be made available upon request.”
According to Coinmarketcap USDC volume is currently $2.2 million with a market cap of $134 million, so still a long way off USDT. Coinbase Pro is now using USDC to facilitate trading on its exchange for US customers. Those in Europe and the UK on regular Coinbase will have Euros and GBP respectively. The notable thing now is that the latest newly listed cryptocurrency is ONLY available in USDC and not Bitcoin or fiat as has traditionally been the case.
BAT was listed on Coinbase Pro over the weekend and the token predictably pumped 23% following the announcement. It is however only available in USDC which could be a sign of things to come when Coinbase lists more cryptocurrencies. The next most likely to be added to the platform are Stellar, Cardano and Zcash according company blog posts.
Bitcoin has traditionally been the medium of choice for trading altcoins when fiat trading is unavailable. Some have observed that if the trend continues Coinbase could be trying to disrupt Bitcoin’s position as a reserve asset for the crypto space;

Coinbase listed BAT only against USDC, not BTC. So if you wanna buy BAT (not that anyone should), you need to buy USDC first. Let's see if this trend continues with future pairs (or even existing ones), could be an attempt to disrupt BTC's status as reserve asset of this space.
— Hasu (@hasufl) November 6, 2018

The battle for stablecoin supremacy has shifted gears in the last month with a new one appearing almost weekly. All of these fiat-pegged currencies are slowly weakening Bitcoin’s status as a crypto reserve for trading and hodling, but that maybe the intention of Coinbase and other exchanges such as Gemini. At the moment the majority of BAT trade is in BTC on Binance which has 65% of the total so there is no change as yet.
However, if future pairs listed on Coinbase and other exchanges are only available in USDC, GUSD, or whatever the respective exchange is offering, then this could be the case. We will have to wait until the next announcement to see if this trend continues, which should not be that long.
The post Is Coinbase Trying to Disrupt Bitcoin’s Reserve Asset Status by Listing New USDC Pairs appeared first on NewsBTC.
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Cryptocurrency Market Update: BAT Pumped by Coinbase Pro Listing

FOMO Moments
Markets are creeping up as the weekend starts; BAT flying, Bitcoin Cash and Stellar rising.
As we enter the weekend crypto markets are slowly recovering. Trading in Asia has pushed total market capitalization back over $205 billion and things are generally heading upwards today, albeit leisurely.
Bitcoin has made no movements over the past 24 hours and is still holding the $6,400 support level. From a half month stay at $6,500 BTC dropped to $6,300 and has bounced back to its currently levels indicating that it is still consolidating at this price. Ethereum has dragged its way back to $200 over the past two days and that is where it is staying at the moment.
Altcoins are generally in the green right now with one or two performing well. In the top ten Bitcoin Cash has made the biggest move with a gain of 8% back taking it to $460. Stellar is also trading strongly at the moment adding almost 5% taking XLM to $0.234. The rest have made small gains around a percent aside from XRP which is static.
In the top twenty Nem has made over 2% but the rest are plus or minus one percent on the day. Tezos and VeChain are the only two falling back but only marginally.

Today’s fomo big pump is Basic Attention Token which has jumped nearly 15% at the time of writing. BAT is up to $0.292 on the news that it has joined 0x on Coinbase Pro;

BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/31wbi09uyx pic.twitter.com/2YC7xtOjuI
— Coinbase Pro (@CoinbasePro) November 2, 2018

Just as before, observers have noted that the altcoin appears to have pumped before the official announcement indicating possible abuse of insider knowledge at the exchange. Trade volume has surged from $10 to $50 million since the news. BAT is likely to trade higher today but could fall back again as the market in general is still in the grips of the bears.
The big dump of the day is coming from Digitex Futures which is shedding over 18% at the moment. It is closely followed by Eternal Token dropping 16% on the day.
Total crypto market capitalization has crept up just under a percent on the day taking it to $207 billion. There is no sign of a break from the sideways channel that has been intact for almost a month. Bitcoin dominance has fallen back to 53.5% as a few of the altcoins make solid gains.
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
The post Cryptocurrency Market Update: BAT Pumped by Coinbase Pro Listing appeared first on NewsBTC.
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After Coinbase, Circle’s USDC gets support from Coinbase Pro

USDC stablecoin was launched on Coinbase Pro on October 25. The news comes after the big announcement of USDC being listed on Coinbase, which took place two days earlier. USDC is said to be a representation of US dollars, which runs on the Ethereum blockchain.
Tweet by Coinbase Pro:
“USDC is launching on Coinbase Pro. Customers can deposit USD and click to convert to USDC with no fee. Customers can also transfer USDC into and out of their Coinbase Pro accounts but cannot yet place or fill orders.”
They further added:
“After a minimum of 12 hours, once sufficient liquidity is established, trading will begin on the BTC/USDC and ETH/USDC order books.”
Users can now deposit USD and convert it to Bitcoin [BTC] or Ethereum [ETH] with zero fees.
Instead of the USD/USDC order book, the team has developed a tool which converts USD to USDC immediately, without any exchange rate risk.
A crypto enthusiast commented:
“Awesome, trading my worthless fiat for a even more worthless stablecoin pegged to fiat, such innovation!”
According to an official blog by Coinbase Pro, the team has had four stages to the launch. They are: USDC conversion and transfer the only mode, Post only, Limit only and Full trading.
In the first stage, users will only be able to convert USD to USDC and transfer USDC. BTC/USDC and ETH/USDC orders will not be filed at this stage.
In the Post Only mode, customers are only allowed to post limit orders with no matches.
In the third stage, limit orders will be matched, however, customers won’t be able to submit market orders.
In the final stage, full trading services will be available for all the customers.
The blog further stated:
“We believe these are major steps towards making the USDC stablecoin useful, and help us build a more open financial system.”
A Twitterati named Levon Chakmakjian‏ says:
“who cares, no one cares about usdc, only XRP”
Another Twitterati named SK-Fx says:
“u list few coins n yet u about to shoot an IPO.. man w@ kinda vudu u using to make all this work lol.”
According to a recent tweet by Coinbase, the initiative is an important step towards a more open financial system and USDC is easier to send, program with, use in dApps, and to store locally, than traditional bank account-based dollars.
The post After Coinbase, Circle’s USDC gets support from Coinbase Pro appeared first on AMBCrypto.
Source: AMB Crypto