Tag: coinbase

SegWit implementation not fast enough, says cryptoshpere

Coinbase vice president, Dan Romero announced implementing SegWit is among the company’s top priorities. Bitcoin’s price drew many new investors to the platform, increasing transaction processing times, and raising fees. The surge of new users strained technical infrastructure, leading to service delays on one of the world’s leading cryptocurrency exchanges. SegWit aims to reduce transaction lead times and lower fees for Bitcoin users. SegWit community Coinbase’s stance, however, is not without controversy. Many in the crypto-community criticize the exchange for not implementing the update fast enough. Coinbase claims security and site performance are their main concerns. In a blog post...

Read More

Coinbase, insider trading and scandal surrounding Bitcoin Cash

Bitcoin Cash survived another hot week in its history. It broke the $4000 mark extremely quickly as Coinbase and BitPay began offering the coins. Once again its gigantic growth also turned into a strong correction and scandal struck the crypto-community. In the series of events, it is worth to sum up what happened in the world of BCH. Coinbase’s employees manipulated the market A big surprise for the cryptocurrency community was Coinbase, one of the world’s biggest cryptocurrency exchanges, announced Tuesday that it would start selling Bitcoin Cash. BCH’s price shot up immediately. At Coinbase’s GDAX, its price at its...

Read More

Coinbase introduces Bitcoin Cash, the whole market in retreat, BTC loses 12% of its value

Coinbase – the biggest crypto exchange in the world has just launched BCH pairs. We didn’t have to wait until the market reacted. Bitcoin Cash continues to flourish, while BTC loses 12% of its value. Everything happened during the last 24 hours. Bitcoin Cash on Coinbase At this moment it is possible to deposit and withdraw BCH at Coinbase. Transactions with this cryptocurrency will be available with higher BCH liquidity at GDAX exchange (which is connected to Coinbase). You can read more about this at Coinbase’s official blog. With the introduction of the new cryptocurrency, every user will have BCH...

Read More

Bitcoin Rises Above $15,000, Coinbase CEO Introduces the Ethereum “App Store”

The last 24 hours have been exceptional for Bitcoin. Not only did its value exceed $15,000, but it also established a record daily increase! Fewer than 24 hours ago, the value of virtual gold was $12,789. At the time of publication it’s $15,215, according to the coinmarketcap. This means that Bitcoin has grown by nearly $2,500 a day! Let’s remind you that the world’s first digital currency needed more than 8 years to reach $2,500. Now it only takes 24 hours to grow at the same level. Futures baby futures What’s behind these huge increases? Probably — once again...

Read More

Coinbase is expected to release 14,000 users’ data to the US government.

The issue of tax revenues from cryptocurrency trading has become a hot topic recently. There are rumors of how Bitcoin and other cryptocurrencies are taxed in different parts of the world. For the first time, however, we are faced with a situation where a government agency demands user data from a private platform. Disputes with the Internal Revenue Service The IRS is a US government tax collection agency, and it has been in dispute with Coinbase since November 2016. The Agency shall request the release of data for accounts that have received significant transfers, so that they can investigate...

Read More