Coinbase, Cash App, Remain Top Rated Places To Easily Buy Bitcoin

Cryptocurrencies like Bitcoin or Ethereum are new, emerging financial technologies and assets. The unfamiliarity with the new technology can make getting started in crypto seem like a daunting process.
A handful of companies, however, provide easy access to buy Bitcoin and gain exposure to the crypto market. Of those, the two most popular of those easy-to-use fiat on-ramps remain relatively unchallenged, and according to a new poll, are unlikely to lose their leadership positions.
Coinbase and Cash App Top Crypto Market Poll
Buying Bitcoin is a very easy process, and anyone can do so in just a few steps. Simply sign up to Coinbase or Cash App, add your personal details and bank, debit, or credit card information, potentially upload some documents depending on how much you are looking to buy, and in just a few clicks and no time at all anyone can load up on the first-ever cryptocurrency.
Related Reading | Square Cash App “Absorbing” 10% of Bitcoin Supply Daily, 200% Projected By 2020
The two brands provide quick and painless access to the crypto market, so it is no surprise that they received the most votes as the crypto community’s favorite places to buy Bitcoin.

Where is your favorite place to buy $BTC?
— Hashoshi from Crypto YouTube (@hashoshi4) October 16, 2019

The votes were tallied as part of a Twitter poll created by cryptocurrency-focused YouTube personality, Hashoshi. The poll revealed San Francisco crypto exchange Coinbase as the clear leader, followed by the Cash App, and “Other.” Crypto.com was also mentioned but received the smallest amount of votes.
Anyone voting with “Other” was asked to reveal which platforms they use to buy Bitcoin. Common responses included the Voyager app, Level, LocalBitcoins, and the Winklevoss-owned Gemini.
Investors Prefer to Buy Bitcoin on Coinbase or Cash App
It’s certainly not shocking to see Coinbase top the list. It’s easily among the most popular platforms in the United States, where the largest portion of crypto investors reside. At the height of the crypto bubble, Coinbase topped the Apple App Store list of popularly downloaded apps making it a household name alongside Bitcoin.

Where did you buy your first bitcoin? And where do you buy bitcoins now?
I’ll start: @coinbase, @cashapp
— Zack Voell (@zackvoell) October 16, 2019

Cash App, nearly missed out on the crypto bubble entirely, only first debuting Bitcoin buying to a small subset of users just as the bubble began to pop, and rolled it out to the masses later in 2018.
Related Reading | Steep Fee Hike as Crypto Clamoring for a Coinbase Killer
But the late start didn’t hurt Cash App, which is said to be absorbing as much as 10% of the freshly mined Bitcoin supply each and every day. This number is expected to increase to 200% by next year if the company’s growth projections stay on target.
It’s not all roses for the market leaders, though. Earlier this month, Coinbase raised its fees on its Coinbase Pro platform, causing upset across the industry. However, regardless of the fees, it seems that Coinbase will likely remain the market leader in the days ahead until either Cash App can entirely unseat them from the throne, or until a new leader emerges.
The post Coinbase, Cash App, Remain Top Rated Places To Easily Buy Bitcoin appeared first on NewsBTC.
Source: New feedNewsBTC.com

Coinbase Plans Europe Expansion after Securing e-Money License in Ireland

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Coinbase Plans Europe Expansion after Securing e-Money License in Ireland
Getting of the Irish e-money license is a major milestone for the crypto trading platform Coinbase and its European expansion.
Coinbase Plans Europe Expansion after Securing e-Money License in Ireland

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Source: CoinSpeaker

Coinbase receives e-money licence in Ireland

The Central Bank of Ireland granted Coinbase an e-money license, enabling the company to expand its operations into the country and deliver products there. The American exchange had already taken steps to expand into Ireland during late-2018 when they had announced a new office in Dublin. This is an interesting development considering a CME executive […]
The post Coinbase receives e-money licence in Ireland appeared first on AMBCrypto.
Source: AMB Crypto

‘IRS’s crypto-tax guidance modeled after successful enforcement against Swiss account holders’

Taxation on cryptocurrencies and their associated earnings have long bugged crypto-enthusiasts across the world. An attempt to clarify the tax position on these assets was offered by Shartsis Friese LLP’s tax attorney, Dashiell Shapiro, who appeared on BloombergTV. Shapiro spoke about the recent guidance issued by the IRS with regards to taxation on crypto-holdings and […]
The post ‘IRS’s crypto-tax guidance modeled after successful enforcement against Swiss account holders’ appeared first on AMBCrypto.
Source: AMB Crypto

Coinbase Launches A mobile Platform For It’s Coinbase Pro Users

Popular digital currency exchange, Coinbase is said to be building mobile applications for its coinbase pro users. At the moment, iOS version of the app is available for download while the android version is said to under development, soon to be made downloadable.
Coinbase Develops Mobile Apps For PRO users
According to the report today by the digital currency exchange, Coinbase, the mobile app is exclusive to Coinbase Pro users using the platform professionally while the primary Coinbase.com interface remains as simple and easily navigated as possible for the larger population of users.
The Pro app described is said to have individual pair pages from which customers can get real-time price update, live charts, order books and active orders, trade history and users can also set a buy or sell order.
“Unlike traditional capital markets, crypto trades 24/7. Opportunities to buy and sell present themselves at all hours of the day. This means it’s critical for the sophisticated crypto traders that Coinbase Pro serves to have access to the tools and information they need to capitalize on these moments when and where they need it.”
Aside from the pair pages, there also exist tabs in which users can access their portfolio of crypto assets and also see their equivalent values in fiat currencies. As all fiat withdrawals remain tied to the main Coinbase website, it is possible for Pro app users to make direct deposits and withdrawals from their mobile application.
Coinbase Developing A Synergy To Rate Cryptos
Coinbase is a leading digital currency exchange that broker exchanges for cryptocurrencies like bitcoin, ethereum, bitcoin cash, ethereum classic, and litecoin with fiat currencies with a global reach of about 32 countries. Recently, Coingape reported that Coinbase and other crypto big names are collaborating to develop a crypto rating system that will be used to classify cryptocurrencies as being securities or not. According to the report, Other crypto platforms and companies identified to be involved in this innovation are Anchorage, Bittrex, Circle, DRW Cumberland, Genesis, Grayscale, and Kraken. These crypto “big boys” are forming a Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms.
The post Coinbase Launches A mobile Platform For It’s Coinbase Pro Users appeared first on Coingape.
Source: CoinGape

Neo Banking Solution Startup Juno Raises $3 Million in Financing Round

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Neo Banking Solution Startup Juno Raises $3 Million in Financing Round
Neo banking platform Juno which is said to help Asia to lead digital asset adoption has managed to raise $3 million from a row of prominent investors.
Neo Banking Solution Startup Juno Raises $3 Million in Financing Round

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Source: CoinSpeaker

Coinbase CEO: US Should Reconsider Ridiculous Stance on Libra as Project Partners Jump Ship

Facebook’s ambitious crypto project Libra is running out of steam as it gets hounded by regulators and governments around the world. The social media giant was dealt another blow yesterday when major project partner PayPal announced that it was jumping ship, but the Coinbase boss thinks the US should reconsider its negative stance.
Rats Desert Sinking Crypto Ship
One of Calibra’s founding partners has become the first company to officially quit Facebook’s crypto project. The online payments giant announced yesterday that it would ‘forgo further participation’ in the Libra Association, the 28 member consortium that will control the digital currency.
Facebook sought to form the conglomerate to diffuse accusations that it would grow too powerful if it alone controlled the Libra currency. Following weeks of regulatory pressure, consortium members have been reluctant to further endorse the project according to reports.
PayPal’s departure could be the catalyst for others to follow leaving Zuckerberg to bail out the flailing digital ship on his own. The move is particularly painful due to the ties between the two companies. Libra head David Marcus once managed PayPal so the sting will be harsher. A company spokesperson said;
“PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratise access to financial services for underserved populations,”
Libra is facing protest from Europe as well as the US. As reported by NewsBTC, EU based NGOs have launched a petition against the project over fears of the rising dominance of US tech giants.
Coinbase Boss: Time For The US to Reverse Stance
Coinbase CEO, Brian Armstrong, is of the opinion that the US needs to reverse its harsh stance on crypto to avoid being left behind. He specifically made reference to China’s plans to launch a crypto yuan and said that Libra was just one of many digital currencies.
“Now that China is looking into creating a stablecoin, I wonder if the U.S. will reconsider it’s ridiculous response to Libra.”

Now that China is looking into creating a stablecoin, I wonder if the U.S. will reconsider it's ridiculous response to Libra.
There are many cryptocurrencies, and Libra is just one of them. But the way the U.S. government reacted it's like they almost want to be left behind.
— Brian Armstrong (@brian_armstrong) October 4, 2019

The reaction from US regulators may have been justified when Facebook is concerned, but it appears to have the same abhorrence for any digital asset that is not owned by the central bank.
Armstrong is afraid that the government is prohibiting innovation and putting its own interests first.
“Innovation often looks counter-intuitive and disruptive. Government is prone to being co-opted by special interests/incumbents that will play on fears and try to block innovation here.”
China meanwhile is doing both, fostering the innovation and putting its own interests first by issuing a central bank controlled cryptocurrency.
Facebook only has its own interests (profits) in mind, as does PayPal, so both of those should be heavily regulated. However, the US could prevent itself falling into the digital dark ages by becoming more open to the crypto industry in general.
Image from Shutterstock
The post Coinbase CEO: US Should Reconsider Ridiculous Stance on Libra as Project Partners Jump Ship appeared first on NewsBTC.
Source: New feedNewsBTC.com

UK Customers to Enjoy Full GBP Support Following Coinbase Reinstatement

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UK Customers to Enjoy Full GBP Support Following Coinbase Reinstatement
After nearly three months of a blackout, Coinbase’s UK retail and institutional customers can now withdraw and deposit cash within 60 seconds.
UK Customers to Enjoy Full GBP Support Following Coinbase Reinstatement

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Source: CoinSpeaker

Coinbase, Bittrex And Others Develop A New Crypto Rating System, Rate Bitcoin Low

In what has been described as a  “scalable, points-based rating system”, Coinbase and other crypto big names are collaborating to develop a crypto rating system which will be used to classify cryptocurrencies as being securities or not.
Coinbase And Others Form A Synergy
Other crypto platforms and companies identified to be involved in this innovation are Anchorage, Bittrex, Circle, DRW Cumberland, Genesis, Grayscale, and Kraken. These crypto “big boys” are forming a Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms.
Following the guidance which was directly derived from the SEC, this synergy will put forward metrics according to a set of few dozens of questions in order to filter through the “sea of coins” already available in the crypto markets and use the same results to determine which assets shall be traded on their platforms.
In an official announcement made by Coinbase,
“We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time, …”The result of the analysis is a score which makes it easy for members to synthesize the analysis across many tokens and make their own, independent business decisions about whether or how to support an asset.”
Council Gives XRP The Highest Rating
The first few assets to be considered and rated by the council include Bitcoin, Monero, Ethereum and Ripple’s XRP. On a scale of one to five, Bitcoin (BTC) has been awarded 1 point alongside rivals like Monero and Litecoin. However, Ethereum has scored 2 points while XRP, perhaps the highest rated coin by the council, has 4 points. As the metrics of rating adjust to evolving technologies and unstable market conditions, ratings of coins would adjust accordingly. The council also expressed that more coins and members shall be added later.
“We expect that some ratings will change over time and we will accept and consider feedback from asset issuers when they want to share additional information or clarifications that may impact an asset’s rating,” the group added.
The ratings described above are quite simple and straightforward. A score of one means the council’s independent analysis suggests that the asset has few or no characteristics consistent with traditional regulated security.
Crypto Community Raises Concerns About the Rating System
The crypto community has reacted sharply to this development. Majority of the comments in reaction to the development came as scrutiny and criticism. Popular crypto figure, Larry Cermak weighed in saying that the ranking system creates a massive conflict of interest as rating the vast majority of tokens as non-securities worked in the benefit of the companies.

In my opinion, this rating system creates a massive conflict of interest. All of the companies that joined this consortium are massively incentivized to rate the vast majority of tokens as non-securities. Coinbase listed some very questionable tokens including XRP, Tezos, EOS
— Larry Cermak (@lawmaster) September 30, 2019

Few other crypto influencers supported Larry’s stance. These include Tim Swanson, who commented by saying Larry was 100% correct.

Larry is 100% correct. Nearly 3 years ago Coinbase published a self-serving legal framework that was co-written by Coin Center and USV. after The DAO report from the SEC came out they quietly swept it under the rughttps://t.co/QDH35SGve2 https://t.co/xDDbwMJImV pic.twitter.com/804VgSFFC5
— Tim Swanson (@ofnumbers) September 30, 2019

Others like Nic Carter expressed surprise that the council didn’t regard every of their listed coins and tokens as non-securities. He tweeted –

I’m shocked the crypto ratings council didn’t just give every coin the constituent exchanges had listed a “not a security” rating https://t.co/9S3wbDs4yc
— nic carter (@nic__carter) September 30, 2019

The post Coinbase, Bittrex And Others Develop A New Crypto Rating System, Rate Bitcoin Low appeared first on Coingape.
Source: CoinGape

Binance Staking Platform Launched for 8 Cryptocurrencies

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Binance Staking Platform Launched for 8 Cryptocurrencies
Binance has launched its staking platform that enables users to earn dividends or interest on their digital assets just for depositing them on the platform.
Binance Staking Platform Launched for 8 Cryptocurrencies

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Source: CoinSpeaker

Libra Is an Important Crypto Project, Coinbase CEO Says

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Libra Is an Important Crypto Project, Coinbase CEO Says
Echoing Marcus’ forecast that Libra could potentially change the world, Armstrong called Facebook’s project one of the most important cryptocurrency projects in development.
Libra Is an Important Crypto Project, Coinbase CEO Says

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Source: CoinSpeaker

Crypto Exchange Giant Binance Finally Launched US Trading

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Crypto Exchange Giant Binance Finally Launched US Trading
Today, on September 24, crypto exchange giant Binance has announced the launch of its arm in the U.S. market. Binance.US is finally opened.
Crypto Exchange Giant Binance Finally Launched US Trading

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Source: CoinSpeaker

Can Coinbase Capitalize On Binance Becoming Less Attractive To US Crypto Investors?

San Francisco-based crypto exchange Coinbase has revealed that it is evaluating potentially launching its own initial exchange offering or security token offering, akin to the Binance Launchpad program.
Is this Coinbase following the emerging trends within the greater crypto market, or is this just the company hoping to capitalize on Binance losing its stronghold over US-based crypto investors and out-offer the competitor in its homeland?
Crypto Exchange Coinbase is Exploring IEO and STO Platforms
If 2017 was the year of the ICO boom, 2019 was the year of the IEO explosion. During the first half of the year, Binance debuted its Binance Launchpad platform designed to launch new and exciting crypto tokens with the backing and support of the exchange itself.
Related Reading | Binance Alternatives for US-Based Altcoin Investors and Crypto Traders
It sparked an entire trend of IEO tokens and platforms at other exchanges such as Bitfinex, and crypto investors flocked to the new tokens in droves. Most of the IEO tokens were among the hottest traded altcoins across the market after they were first released, however, as soon as Binance revealed that it would be blocking US-based investors from its flagship website, the IEO craze turned south along with the rest of the altcoin market. But it is still showing signs of interest from early-bird investors looking to strike it rich.
Also proving that the IEO trend is still showing strong demand, is the fact that Coinbase has revealed that they are now considering launching an IEO or even an STO platform of their own to launch new crypto tokens to the masses.

“We think there’s a really interesting opportunity there for Coinbase. Coinbase is carefully exploring not only the IEO space but also STOs, but I can’t make any formal announcements right now,” explained the company’s head of institutional sales in Asia, Kayvon Pirestani.

Going For the Knockout with Binance on the Ropes in the US
But is Coinbase – normally a trendsetter and not a follower – actually following an emerging trend, or are they trying to capitalize on the rocky relationship Binance currently has with US-based investors?
During 2017, Coinbase enjoyed a large portion of the crypto market share. But after Binance exploded onto the scene instantly becoming the market leader, Coinbase has had strong competition ever since. Competition that it now could have multiple advantages over, at least in the United States where the largest portion of crypto investors reside.
Coinbase is also said to be considering launching margin trading, yet another feature that Binance was first to the punch with. However, Coinbase’s best “one-up” it has over Binance currently is the crypto exchange’s larger altcoin offering.

Fewer coins than Coinbase No small-cap alts All pairs are against USD or USDT No margin trading
It's official! Binance US is trash pic.twitter.com/Db1VpB67wd
— Satoshi Kovacs (@SatoshiKovacs) September 19, 2019

While it may be difficult to imagine a day where Coinbase offers more altcoins than an exchange bearing the Binance name, but the US version of the crypto market poster child offers only seven assets, with only some of them being classified as altcoins alongside Bitcoin and the stablecoin Tether.
Coinbase, on the other hand, has amassed a list of over 20 altcoins and is ahead of the game when it comes to being on important US financial market regulators good side.
The post Can Coinbase Capitalize On Binance Becoming Less Attractive To US Crypto Investors? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Dash Launching on Coinbase Pro Cryptocurrency Exchange

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Dash Launching on Coinbase Pro Cryptocurrency Exchange
The announcement of Dash’s impending listing on Coinbase Pro comes slightly over a month after an announcement that the platform was exploring the addition of eight new digital assets.
Dash Launching on Coinbase Pro Cryptocurrency Exchange

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Source: CoinSpeaker