Dogecoin [DOGE] Price On Leap As Largest Exchange Bid To Support DOGE on Official Wallet

Popular Doge meme cryptocurrency, Dogecoin is one of the cryptocurrencies which was once influenced by Elon Musk, the world’s famous entrepreneurs. Following the praise, the currency has been added to Binance’s official Trust wallet (recently) and now the listing interest can be seen by the largest cryptocurrency exchange, Coinbase.
DOGE Records Higher
However, DOGE is reportedly noticed with 17% spike since January – and as such, it performed well in the first quarter of 2019. In fact, at the time of reporting, the coin saw a brief hike in its trading volume. Nevertheless, it stands with the market cap of $308 million wherein the press time records a quick rise of 3.80 percent within the past 24 hours. Moreover, it is trading at the value $0.0025 against US Dollar.
Image source – Coinmarketcap
Dogecoin’s highest trading volume can be seen at CoingEgg, Fatbtc, P2PB2B, Sistemkoin, HitBTC with a trading cap of $3.85 Million, $3.69 Million, $2.92 Million, $2.25 Million and $2.19 Million respectively. Nonetheless, the coin is vastly paired with BTC, USDT, and ETH.

Image source – Coinmarketcap
The reason behind Upsurge.? Doge’s listing on Coinbase Wallet.!
Dogecoin’s soaring value is directly linked with the Coinbase’s latest announcement – the exchange on May 01, 2019 announced to support Dogecoin on Coinbase wallet. Following the update, Coinbase users can store their DOGE holdings directly on Coinbase wallet app –  besides doing the same with other leading cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP, Stellar Lumens (XLM), and other ERC 20 tokens and ERC 721 collectibles based on ETH. The announcement reads that;
Adding support of DOGE is an important next step toward our goal
The listing update is yet to go live on its iOS and Android wallet – which according to exchange will roll out over the next week.
So readers, what do you think about Coinbase supporting Elon Musk’s favorite cryptocurrency.? Share your thoughts with us
The post Dogecoin [DOGE] Price On Leap As Largest Exchange Bid To Support DOGE on Official Wallet appeared first on Coingape.
Source: CoinGape

Coinbase Adds Fast and Free Cross-Border Payments for XRP and USDC

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Coinbase Adds Fast and Free Cross-Border Payments for XRP and USDC
Coinbase has announced expansion into cross-border payments. Now, its customers are able to transfer their funds to any user with a Coinbase account around the world using XRP or USDC, without any fee.
Coinbase Adds Fast and Free Cross-Border Payments for XRP and USDC

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Source: CoinSpeaker

Coinbase Wallet Adds Support for Stellar Lumens (XLM)

Coinbase announced that it has added support of Stellar Lumens (XLM) on the Coinbase Wallet. Coinbase wallet is a ‘user-custodied’ cryptocurrency wallet.
Until now the Coinbase Wallet supported the following cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP and over 10,000 ERC20 and ERC71 tokens on Etherueum. The private keys of the activated cryptocurrencies on the CoinBase Wallet are encrypted on the phone itself using the ‘Secure Enclave Technolgy.’ This guarantees user based custody.
Coinbase Wallet Update adds Stellar Lumens (XLM)
Moreover, the Coinbase Wallet App is different from the Coinbase App. While the later is an exchange, the former is only a Wallet. Coinbase App or coinbase.com also provides for a wallet. However, the private keys of these wallets are retained with the Exchange itself.
The new Mobile Wallet Update will be released next week for all the Andriod and iOS users. The minimum balance required to activate the Stellar Lumens (XLM) wallet is 1 XLM.
The Coinbase Wallet will also support the Stellar Testnet to aid ‘developers and power users.’ The stellar testnet can be used to access and develop the tokens of the Stellar Platform.
Coinbase recently partnered with Stellar Lumens to increase the education of cryptocurrency in the world. Together they offer incentives to individuals who seek to learn about the Steller Network.
Do you think Stellar will gain mainstream popularity over XRP soon? Please share your views with us.
The post Coinbase Wallet Adds Support for Stellar Lumens (XLM) appeared first on Coingape.
Source: CoinGape

Bitcoin Cash Support Added on Coinbase Wallet App

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Bitcoin Cash Support Added on Coinbase Wallet App

Konstantin Rabin, financial expert and crypto enthusiast, takes a look at recent announcement from Coinbase in which it has confirmed that they added Bitcoin Cash support in their wallet app.

Bitcoin Cash Support Added on Coinbase Wallet App

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Source: CoinSpeaker

Coinbase Wallet Now Offers Its Users Google Drive or iCloud for Enhanced Key Storage Security

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Coinbase Wallet Now Offers Its Users Google Drive or iCloud for Enhanced Key Storage Security

Coinbase Exchange introduced iCloud and Google Drive services for the Wallet users to safely store and retrieve their private keys enabling them to avoid losing their funds when they lose their devices.

Coinbase Wallet Now Offers Its Users Google Drive or iCloud for Enhanced Key Storage Security

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Source: CoinSpeaker

Coinbase Cryptocurrency Wallet Introduces Cloud Storage for Private Keys

The popular cryptocurrency exchange Coinbase has launched a new feature for its stand-alone digital asset wallet. The software will offer users the ability to back up their private keys using either Google Drive or iCloud.
The idea is to give users of the Coinbase Wallet a safety net in the event that they lose access to the device upon which the software is installed or happen to misplace their private keys somehow. However, some in the cryptocurrency community have highlighted that the saving of private keys on cloud storage services could expose users’ funds to additional threats.
Cloud Storage of Keys Comes to Coinbase’s “User-Controlled” Wallet
San Francisco-based Coinbase is one of the few exchanges to launch its own wallet software, helping promote the kind of monetary sovereignty Trace Mayer’s “Proof-of-Keys” event championed on the 10th anniversary of the Bitcoin network going live. Users of the Coinbase Wallet are the sole holders of their private keys. As such, they potentially enjoy a much higher degree of security than those choosing to leave money on centralised exchanges, which are prone to hacks and other security breaches.
The latest feature launched for the Coinbase Wallet is a built in option to back up the user’s private keys to either Google Drive or iCloud. This is supposed to provide them an additional way to access their cryptocurrency holdings should they lose access to the wallet for some reason.
According to a Coinbase blog post, copies of the private keys stored to the cloud will be encrypted and require the wallet’s password to access:
“Your backup is encrypted with AES-256-GCM encryption and accessible only by the Coinbase Wallet mobile app. The backup can only be decrypted using your password.”
The post goes on to state that Coinbase will not have access to users’ passwords or funds at any point when using the wallet. They also state that the cloud service provider will not have access to either since the keys can on only be decrypted with the user-set password.
Coinbase says that it still encourages users of its wallet software to backup their private keys manually. The post also reminds users of the importance of using two-factor authentication as an additional security precaution.
Optimisation for Convenience Always Costs Some Security
Not everyone is impressed with the latest update for the Coinbase Wallet. Podcaster and long-time Bitcoin proponent @WhalePanda Tweeted the following:

At the @coinbase team meeting: "What's the dumbest thing we could come up with now that we've gone full shitcoin?"https://t.co/8JaLv8W7j4
— WhalePanda (@WhalePanda) February 12, 2019

In the comments to the above Tweet, other community members voiced their concerns about the update. One called it a “hackers dream”.
Others were more understanding of Coinbase’s stated motives in their responses but still called it a dangerous idea generally:

To be fair, it's an encrypted backup. Unfortunately most people don't bother making their passwords secure, and relying on there being no bugs with the encryption implementation just adds one more thing to worry about.
— Random Name (@username0ne) February 12, 2019

Others still argued that such user-friendly functions on digital currency wallets are necessary if Bitcoin and others are to see the sort of widespread adoption many in the space are hoping for:

If you want mass adoption, you have two options. Banks hold Bitcoin, so people can spend it with their Credit Cards or you simplify Wallets as far as possible, key backups are the most critical part.
— skiddi3 (@skiddi3_) February 12, 2019

Whilst it is certainly true that users of the Coinbase wallet opting to back up their keys to the cloud are creating an additional attack vector against themselves, for some the convenience will be worth the slight reduction of security. No cryptocurrency storage method is truly impenetrable and different types of users require different levels of security. Some are willing to sacrifice a little (or even a lot) for greater convenience. Providing they are aware of the additional risks, they should be free to make their own decisions.
 
Related Reading: New Coinbase Venture Lets You Earn Free Crypto, BAT Surges 30%
Featured Image from Shutterstock.
The post Coinbase Cryptocurrency Wallet Introduces Cloud Storage for Private Keys appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Finally Added to Coinbase Wallet, More Coins are Waiting for Their Turn

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Bitcoin Finally Added to Coinbase Wallet, More Coins are Waiting for Their Turn

With support for Bitcoin, Coinbase becomes closer to creating of the world’s leading user-custodied crypto wallet. As the exchange said, adding support for Bitcoin is “an important next step in that direction.”

Bitcoin Finally Added to Coinbase Wallet, More Coins are Waiting for Their Turn

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Source: CoinSpeaker

Coinbase Users Can Now Easily Make Fiat Withdrawals via PayPal

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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

Coinbase Wallet Adds Support for Ethereum Classic and More that 100k Other ERC20 Tokens

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Coinbase Wallet Adds Support for Ethereum Classic and More that 100k Other ERC20 Tokens

In the wake of upcoming upgrade Coinbase Wallet will serve Ethereum Classic (ETC) and all of the 100,000+ ERC20 tokens available on the Ethereum blockchain, the official statement revealed.

Coinbase Wallet Adds Support for Ethereum Classic and More that 100k Other ERC20 Tokens

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Source: CoinSpeaker

Internxt Added to Coinbase Wallet, Boasts Robust Price Surge

CoinSpeaker

Internxt Added to Coinbase Wallet, Boasts Robust Price Surge

INXT price has started to rise after it was announced that now it is possible to store INXT in safe Coinbase wallets.

Internxt Added to Coinbase Wallet, Boasts Robust Price Surge

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Source: CoinSpeaker