Jurrien Timmer, global macro director at financial giant Fidelity, says Bitcoin (BTC) looks primed to resume its uptrend as the leading cryptocurrency threatens to rally above $50,000. In a new tweetstorm, Timmer tells his 62,800 followers that BTC is “no longer a sideshow” as the king crypto’s market cap inches closer to previous highs. ADVERTISEMENT …
Yearly archives: 2021
Google bans 8 ‘deceptive’ crypto apps from Play Store
Google has delisted eight allegedly fraudulent mobile apps from its Play Store that were duping crypto enthusiasts by charging fees for an illegitimate cloud mining service. Fraudulent mobile applications have now become a popular method to mislead unwary users with high success rates. Trend Micro’s latest research discovered eight Android applications that were exploiting crypto …
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81% of finance execs say blockchain has gone mainstream: Survey
Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), has already gained mainstream popularity, according to global finance executives polled by Big Four auditing firm Deloitte. According to Deloitte’s 2021 Global Blockchain Survey, 81% of the financial services industry (FSI) executives believe that blockchain technology is “broadly scalable” and has achieved mainstream adoption. Released last …
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$50K BTC price vs. the Fed — 5 things to watch in Bitcoin this week
Bitcoin (BTC) is back at $50,000 as a new week gets underway with a bang. After a strong weekend, Bitcoin finally crossed the long-awaited $50,000 mark overnight on Aug. 22. Along with a firm sense of deja vu, traders are naturally curious as to what will happen next — and crucially whether Bitcoin has bitten …
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Coinbase warns infrastructure bill’s crypto provisions could impact 20% of US population
Coinbase’s Global VP of tax, Lawrence Zlatkin, has taken aim at the rushed cryptocurrency provisions added to Congress’ bipartisan infrastructure bill “at the last minute,” slamming lawmakers for hastily inserting amendments that could impact “60 million Americans.” In an Aug. 21 blog post taking aim at an Aug. 19 editorial article from Bloomberg that praised …
Congress has put forward 18 bills on digital assets in 2021 so far
The United States Congress appears to be pushing for greater regulatory clarity regarding crypto assets, having proposed18 bills concerning blockchain and cryptocurrency during 2021 so far. According to analysis published by former Federal Deposit Insurance Corporation regulator, Jason Brett, on August 22, the current 117th Congress has broken from its predecessor in focusing on regulating …
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Bitcoin price tags $50K for first time since May
The Bitcoin (BTC) price was back on the offensive late Sunday, touching $50,000 for the first time since May and signaling that the bull market was fast approaching its second leg. The BTC price peaked at $50,270.00 on Bitstamp, having gained 3% on the day, according to Cointelegraph Markets Pro. The largest cryptocurrency has a …
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Our response to a recent editorial from Bloomberg on Congress’s crypto tax proposal
By: Lawrence Zlatkin, Global VP of Tax, Coinbase As Global Head of Tax for one of the largest crypto exchanges, while I appreciate the Bloomberg Editorial Board’s perspective on the crypto tax provision in the Senate infrastructure bill, I would like to respectfully offer the following critique from a real-world actor in the crypto space. I …
2021 Developer Grants Call for Applications
Coinbase’s mission is to increase economic freedom in the world through the crypto-economy. To achieve this, it is essential to develop common infrastructure that is transparent, safe, secure and benefits all participants. To aid this community effort, in 2020 we launched our Crypto Community Fund, and in 2021 we’ve allocated $2M through Coinbase Giving, our …
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Coinbase updates investment policy to increase investments in crypto assets
We believe in the cryptoeconomy, a future where economic transactions — buying, selling, spending, earning — will be based on crypto assets. Our products strive to make that vision a reality by making crypto trusted and easy to use for customers around the world. Today, the majority of Coinbase corporate financial transactions, such as how we pay our vendors, employees, …
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Continuing our commitment to customers: introducing phone support for ATOs
By Casper Sorensen, Vice President, Customer Experience At Coinbase, our goal is to be the most trusted crypto platform. Our security team significantly invests to protect our 68+ million users. We take many steps to protect our customers from account takeovers (ATOs), which are often caused by phishing campaigns, SIM swaps, or support scams. First, every customer …
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Coinbase launches in Japan
Coinbase was founded in 2012 as an easy and trusted place to buy and sell Bitcoin. Since then, Bitcoin has spawned an entire industry with thousands of different blockchains, tokens and projects. Today, we offer much more than bitcoin trading, enabling over 68 million users, 8.8 million monthly transacting users, and 9,000 institutions in over …
American Rapper Tyga To Launch OnlyFans Crypto-Competitor
Crypto has recently been suggested as a fix for the woes popular adult content platform OnlyFans has been going through. The company had announced last week that it planned to remove all of its adult content by October first. Speculations were that this was due to payment processors Visa and MasterCard making payment harder for …
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Uniswap Community Reacts Against The New Proposal, Here is Why
The Uniswap community is debating against a new proposal that favors Flipside Crypto to the tune of $25 million in funding. The funding is for two years, but the arguments against it are numerous. Many DeFi protocols such as Uniswap provide governance tokens for people to participate in core decisions on their network. The recent …
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Sweden Government Pays Convicted Drug Dealer $1.5 Million In Bitcoin
The government of Sweden has found itself in the unusual situation of paying out around $1.5 million worth of Bitcoin to a drug dealer, whom they convicted and then jailed. Authorities are being forced to pay the man 33 BTC, after his illegally obtained bitcoin appreciated while behind bars. A Swedish Prosecutor’s Mistake Two years ago, …
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