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A venture fund that will invest in crypto companies and protocols. Strategy - venture. Established in 2009, USA, by Marc Andreessen and Ben Horowitz, Andreessen Horowitz.

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Coinbase Fulfills Yet Another Acquisition Buying Out Andreessen Horowitz–Backed Blockspring

CoinSpeaker Coinbase Fulfills Yet Another Acquisition Buying Out Andreessen Horowitz–Backed Blockspring The major US digital asset exchange Coinbase has further expanded its scale of activity and influence. The company has acquired Andreessen Horowitz-backed Blockspring, a San Francisco-based firm that produces tools for automatical gathering and processing information from application programming interfaces (APIs). .@Blockspring Team is Joining @coinbase! We're super excited. Announcement here: https://t.co/d9uh3roVBt pic.twitter.com/FTDIpc0B07 — Blockspring (@Blockspring) January 17, 2019 Blockspring noted that despite joining Coinbase, the APL developer will continue to operate as an independent company and its products will continue to operate for current and new customers as they always have. In a blog post,  Paul Kalsen, the co-founder and CEO at Blockspring, wrote: “Joining Coinbase was a no-brainer for a number reasons including its commitment to establishing an open financial system and the strength of its engineering team, led by Tim Wagner (formerly of AWS Lambda). Making the technical simple and accessible is what we’ve always been about at Blockspring. And now we’ll get to push these goals forward along with the talented folks at Coinbase to make something greater than we could on our own.” Coinbase Acquisitions According to CoinMarketCap, Coinbase is the 39th largest exchange in the world. The company, which is well-known for its services and a range of products, is continuously expanding. For Coinbase, Blockspring is one of the eleven firms the exchange has acquired for its collection. The largest acquisition took place in April 2018 and involved a $120 million deal for Earn.com, known for developing a social network and two-sided marketplace that enables users to earn digital currencies by replying to emails and fulfilling microtasks. The deal became the fifth acquisition by Coinbase. Soon after the acquisition, which involved an offer of equity package, the valuations of the exchange operator have soared to $8 billion. Also in April 2018, Coinbase acquired Cipher Browser, an Ethereum blockchain-based app browser and wallet service provider. Among other companies bought out by the exchange are Keystone Capital, Distributed Systems Inc., and others. In December 2019, Coinbase received support for its accounts and wallets from Wealthfront, the SEC-registered investment advisor. As part of this integration, Wealthfront users are now able to track their cryptocurrency investments using the Wealthfront’s financial planning tool. During the first few months of 2019, savings and checking accounts are to be provided. About Blockspring Blockspring is a tech startup famous for the API data service which includes building lists and repositories that can be used for marketing and sales purposes. Blockspring connects your applications to your data, allowing the automation of exports, refreshing and warehousing. The company is pretty popular and has a lot of clients. For its services, Blockspring charges only $29 USD. In 2015, the company raised $3.4 million in a round led by venture capital firm Andreessen Horowitz and seed-stage investment firm SV Angel, while also having support from venture fund Y Combinator. Coinbase Fulfills Yet Another Acquisition Buying Out Andreessen Horowitz–Backed Blockspring
Coinspeaker

Crypto Exchange Coinbase Acquires San Francisco-Based Tech Startup Blockspring

Crypto Exchange Coinbase Acquires San Francisco-Based Tech Startup Blockspring Major cryptocurrency exchange and wallet provider Coinbase has acquired Andreessen Horowitz-backed tech startup Blockspring. The purchase was revealed in a blog post published Jan. 14. San Francisco-based Blockspring produces tools that enable developers to automatically gather and process information from application programming interfaces (APIs). In 2015, […] Cet article Crypto Exchange Coinbase Acquires San Francisco-Based Tech Startup Blockspring est apparu en premier sur Bitcoin Central.
Bitcoin Central

Coinbase Acquisition: Californian based Data Collection Startup Blockspring Acquired by Coinbase

Coinbase has been aggressive when it comes to capturing the most potential startups. On Jan 17, 2019, in an undisclosed deal, Blockspring a California based data collection startup reported acquisition by Coinbase. This is Coinbase’s first major acquisition this year, it is worth noting that coinbase executed 4 major acquisition in 2018. Coinbase’s acquisition in 2018-2019 so far Apr 16, 2018 – Coinbase Acquires Earn.com May 2018 – Acquisition of trading platform Paradex June 06, 2018 – Acquisition of financial services firm, Keystone Capital Corp Aug 15, 2018 – Coinbase acquires San-Francisco based Distributed Systems team Jan 2019 – New Acquisition of Data Collection Startup, Blockspring Coinbase hunting crypto grounds for talent, Blockspring a step towards it Reports unveiled that the world’s largest cryptocurrency exchange Coinbase has acquired Blockspring, a data collection startup based in San Franciso. Although Coinbase didn’t reveal anything (neither on its website nor on social media), one of its representatives confirmed to media today and’ declined to comment further’. Henceforth the amount of acquisition is also out of sight. As per the data, the startup had earlier raised $3.5 million from investors, including coinbase investors – SV Angel and A16z. However, the announcement was primarily broke out via official blog of ‘Blockspring’ and the social media accounts of its officials. CEO Paul Katsen notes in a statement; “Joining Coinbase was a no-brainer for a number of reasons including its commitment to establishing an open financial system and the strength of its engineering team, led by Tim Wagner (formerly of AWS Lambda). Making the technical simple and accessible is what we’ve always been about at Blockspring. And now we’ll get to push these goals forward along with the talented folks at Coinbase to make something greater than we could on our own,” Unlike other acquisitions like Keystone Capital Corp in June 2018, Digital identity startup, Distributed System during Aug 2018, this purchase is more likely ‘a talent-related acquisition’. This is because; the staff of Blockspring will continue to work but with Coinbase team. By joining the Coinbase team, there would be no difference to the existing and new customers of Blockspring. Customers can still enjoy Blockspring services. Tim Wagner, the lead official of Blockspring announced on Twitter; Excited to share that the @Blockspring team is joining Coinbase to help build out our developer tools. They’ve built an impressive platform that connects hundreds of different APIs and we’re excited for them to continue their work here at Coinbase! — Tim Wagner (@timallenwagner) January 16, 2019 What’s your take of Coinbase’s new acquisition? Let us know.  The post Coinbase Acquisition: Californian based Data Collection Startup Blockspring Acquired by Coinbase appeared first on Coingape.
CoinGape

Increasing Blockchain Dev Salaries May Come From Demand, Not Higher Crypto Activities

According to a recent survey published by Janco Associates blockchain developers have encountered a salary increase for their work and services rendered to companies and technology firms. As the blockchain industry grows and there are more companies in the space, the demand for blockchain developers increased. In the last six months, the annual pay for these developers increased by more than $4,000. As mentioned before, companies are investing more funds into blockchain technology which is increasing the demand for workers. The median annual salary for a blockchain developer is $132,000 and experienced workers earning more than $176,000 a year. According to Victor Janulaitis, the CEO of Janco, salaries are growing across different companies for blockchain roles. Although this doesn’t mean that there is an increased developer activity in the ecosystem. Thomas Bertani, a CEO at a Swiss blockchain startup had talked about this issue, He said: “The reasons are: 1) highly skilled blockchain-experienced devs are very hard to find, and 2) Switzerland is well known to be one of the most expensive countries on earth.” Many developers do not want to take the risk of entering a space with high risk. Many blockchain companies have not been doing too well recently. Popular crypto exchange ShapeShift seems to be the latest victim. They have laid off 37 of their team members which are about a third of their workforce. Andreessen Horowitz general partner Andrew Chen had said: “Entry level software engineers in the bay area are getting paid! This looks right if you count cash and equity comp. I’m seeing replies on the Bay Area’s cost of living. Yes, it’s higher. But there’s also a trajectory what you learn (and earn!). If you’re good and keep moving up, then the earnings 5 years in or 10 years in are even higher. Those opportunities don’t exist in smaller tech cities.”
Bitcoin Exchange Guide

Ethereum (ETH) Hegemony Will Be Challenged, Says Crypto Investor

Multicoin Capital Expects Ethereum To Meet Competition  Business Insider recently sat down with Kyle Samani, the co-founder and managing partner of Multicoin Capital, a Texas-headquartered crypto-specific fund backed by pro-Bitcoin investor Marc Andreessen, along with David Sacks. In the interview, Samani drew attention to his predictions for 2019’s crypto industry trends, making mention of Ethereum (ETH). He explained that a handful of well-funded, high-potential blockchain platforms, like the a16z crypto-backed Dfinity and Cosmos, could challenge Ethereum head-on in the near future. The Multicoin representative noted that the aforementioned two ventures, which have yet to go live, could make a move on Ethereum’s nearly unquestioned hegemony as the go-to platform for smart contract development and deployment. Samani explained that as it stands, the blockchains in the works are “aiming to challenge Ethereum.” He added that he expects for the percentage of total blockchain developers working on the aforementioned platform to shrink, especially as 2019 elapses. However, in spite of Samani’s somewhat harrowing comments, he then explained that by December, the third most valuable crypto by market capitalization is still going to de-facto rule the smart contract sector. Then again, he did note that during 2020, this could drastically shift, as blockchain improvement protocols go live. Samani’s recent comments come just weeks after Fred Wilson, one of the founders of Union Square Ventures, made a similar comment via his world-renowned blog, AVC, which covers traditional and emerging markets alike. Per previous reports from Ethereum World News, Wilson drew attention to Cosmos and projects of similar caliber in a blog post, titled “What Is Going To Happen In 2019.” In the post, the investor noted that he expects for “next-gen” smart contract platforms, such as Cosmos, to eventually challenge the hegemony that Ethereum has established over decentralized computation. Wilson noted that this competition will push Ethereum to ship improvement protocols, like Constantinople in the weeks to come, along with potential early iterations of Serenity. Is Tron (TRX) A Potential Threat To Ethereum? Although Samani and Wilson mentioned projects like Dfinity and Cosmos, which raised dozens of millions amid 2017’s crypto market boom, positive sentiment surrounding the Tron (TRX) project is quickly mounting. Earlier today, we reported that Tron’s Virtual Machine has seen monumental levels of adoption in recent months. Via Twitter, Justin Sun, the chief executive at the project, claimed that statistics from DApp Review indicates that his brainchild now supports 133 blockchain-based applications. With this number expected to swell by two or three each day, Sun noted that with the impending niTRON conference and a company incubator/accelerator, the blockchain will support 200 active DApps in due time. And interestingly, while there are far more DApps on Ethereum, Tron’s leading applications have more than Ether’s. Optimists have claimed that Tron could also see monumental adoption with the activation of BitTorrent token (BTT), a TRC-10 token centered around the torrent service. BTT has been touted as a way to “empower” content creators, as BitTorrent allows common Joes to gain access to content distribution tools and other key features. A BitTorrent whitepaper, rife with buzzwords, read that BTT would “create a token-based economy around the usage of networking, bandwidth, and storage.” However, not everyone is convinced that BTT, nor Tron itself will succeed. In an interview with Breakermag, which we covered, a former BitTorrent c-suite member revealed that the Tron implementation might not go too well. Simon Morris, who spent a decade at the company as its chief of strategy, explained that BitTorrent’s crypto industry foray was a byproduct of the bubble. However, Morris explaining that the idea tokenize BitTorrent was first seen in an optimistic light, adding that such a system would allow for automated auctions and prioritized download queues — making the network 40% faster overall. Yet, Morris, who tasked with leading BitTorrent’s crypto and blockchain branches, explaining that the Tron activation is likely to fail, noting that the network’s technology is a “very thin veneer layer.” Title Image Courtesy of descryptive.com/ on Flickr The post Ethereum (ETH) Hegemony Will Be Challenged, Says Crypto Investor appeared first on Ethereum World News.
Ethereum World News

Coinbase Sees Exectuive Leave To Join TrustToken (TrueUSD Stablecoin) To Head Compliance Department

Another Coinbase Employee Leaves, Joining TrustToken To Head Compliance Department Coinbase’s employee count has begun to dwindle, especially in the last few months. Multiple workers have chosen to leave on their own accord, while others were unlucky enough to be let go. Another report of a Coinbase employee choosing a new path has come to light, opting for a startup that could have more promise for their future. The now-former employee, Vaishali Mehta, was employed with Coinbase as a senior compliance manager from November 2017 to November 2018 with Coinbase. However, after contemplating multiple factors, Mehta ultimately decided to leave Coinbase and join TrustToken instead. At TrustToken, Mehta will be the head of compliance. Speaking to CoinDesk via spokesperson, Mehta said, “Crypto is an exciting place and I have been lucky to have been a part of this ‘madness.’ I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure, and greed.” The creator of the TrueUSD stablecoin has already confirmed their decision to hire Mehta, though Coinbase has yet to respond to requests for a comment. Mehta was one of the many long-tenured or high-ranking employees that has voluntarily left Coinbase. The fifth-ever employee of Coinbase, Adam White, let in October to pursue a position as the chief operating officer for Bakkt, which is the new digital trading platform created by the Intercontinental Exchange. Additionally, the chief policy officer for Coinbase, Mike Lempres, left, but he decided to work with Andreessen Horowitz, which is a venture capital firm, in November. Just last month, Rees Atlas left after five years to work with Twilio, and he was followed out the door by chief product officer Jeremy Henrickson as well. TrustToken was incredibly busy this year, following the launch of TrueUSD with a $20 million funding round involving a token sale. The investors include BlockTower Capital, Danhua Capital, Andreessen Horowitz, and others. Just last month, TrustToken received a passing grade during their audit, which was performed by Certik, SlowMist, and Zepplin. The dollar reserves held by TrustToken are presently residing in multiple third-party trust companies, which are regulated by the corresponding statements. TrueUSD has maintained a stablecoin classification, vying with competitor USDT. Stablecoins are a beneficial way for traders to expedite the movement of their tokens through various exchanges, but it doesn’t require the use of a banking system. Though Tether was under a microscope for whether they truly had the 1:1 backing for a stablecoin, it seems that they eventually established the ratio properly.
Bitcoin Exchange Guide

Facebook Reportedly Developing Crypto Stablecoin Targeting India’s Remmitance

Facebook is reportedly working on a cryptocurrency for global payments on its WhatsApp messaging app. The project will first focus on the Indian remittances market, people familiar with the matter told Bloomberg. Facebook is developing a stablecoin, a cryptocurrency pegged to a fiat currency, though the firm is still far from releasing it as it’s still working on the strategy, including plan for custody assets, or regular currencies that would be held to protect the value of the cryptocurrency, the people told the news outlet. Rise of the stablecoins Image: Bitcoin with chart, by QuoteInspector.com, Flickr Stablecoins have become all the rage in the blockchain space with numerous projects emerging throughout 2018. These promise to be immune to the wild valuation swings inherent to cryptocurrencies all the while offering advantages such as being borderless, offering a way to deposit money more quickly than a bank account, in addition to being far easier to use on daily purchases than cryptocurrencies such as bitcoin. Yet, there are still no examples of proven and successful stablecoins. Basis recently closed after less than two years in operation citing regulatory concerns. The startup raised US$133 million in August 2018 from backers including Andreessen Horowitz and Kevin Warsh, a former governor of the US Federal Reserve. Meanwhile, Tether, one of the most talked about stablecoins, has been surrounded by controversy. Despite creators claiming the token is backed by US dollar, the company’s refusal to be audited has raised questions about whether that’s truly the case. Facebook’s blockchain moves With 2.2 billion global users for its core social network, 1.5 billion for WhatsApp, 1.3 billion for Messenger, a further one billion via Instagram, and more than US$40 billion in annual revenue, Facebook would be the first large tech company to launch such a project. “If Facebook launches the stablecoin they are reportedly building, it will quickly become the most used product in crypto,” tweeted Anthony Pompliano, a cryptocurrency analyst and founder and partner at Morgan Creek Digital Assets. He added: “The Indian government has been fighting crypto too so things are about to get very, very interesting.” Facebook hired former PayPal president David Marcus to run its Messenger app in 2014, who then became the head of the company’s blockchain initiatives. The firm has been on a hiring spree and now has about 40 people in its blockchain group, Bloomberg noted, pointing out to employee titles on LinkedIn. The team was set up in May 2018. “Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology,” a company spokesman said in a statement. “This new small team is exploring many different applications. We don’t have anything further to share.” With more than 200 million active daily users, India is WhatsApp’s largest market and the leader in remittances with US$69 billion sent to India in 2017, according to the World Bank. In 2017, India registered 357 million Internet users, a figure projected to grow to 840 million by 2022, according to Cisco’s Visual Networking Index. Facebook gets into financial services Image: WhatsApp iOS app, PxHere.com Facebook’s stablecoin project hints at a broader ambition to tap into financial services and add more products to its ecosystem. Facebook announced its payment feature in March 2015 which allows users to send and receive money over its Messenger messaging app. The social networking giant began expanding its financial services business overseas in 2016 when it registered Facebook Payments International Limited in Ireland, then Spain. Meanwhile, WhatsApp began testing peer-to-peer transactions in India in early 2018. WhatsApp joins other global messaging applications, including Kakao, LINE and Telegram, which have already revealed plans to move into the blockchain space. Japan’s LINE and South Korea’s Kakao both launched their own blockchain networks in 2018, while Telegram is reportedly nearing the launch of its Telegram Open Network (TON), a project that raised a whopping US$1.7 billion in a private initial coin offering (ICO) last year.   Featured image: Facebook app, Pixabay. The post Facebook Reportedly Developing Crypto Stablecoin Targeting India’s Remmitance appeared first on Fintech Singapore.
Fintech Singapore

Coinbase widens its “BASE”, now crosses the valuation of $8 billion | Complete Analysis of Exchange

Coinbase widens its “BASE” and now crosses the valuation of $8 billionCoinbase’ journey towards becoming a UnicornDisclaimer: Article sourced from InWara. This is not financial advice.Coinbase has been the star of the industry lately attracting the top investors in crypto space. It has emerged as an epitome of how a startup with a clear vision can grow to new heights in an uncertain industry. Coinbase was one of the first crypto exchanges to receive US regulatory approval.Coinbase has been only scaling up since then!It started off with just Bitcoin and later on added Ethereum, Litecoin to its portfolio. In today’s date, Coinbase has 5 coins listed and offers 9 wallets to its client base. Recent PR from Coinbase suggests that they are looking at a prospect of adding 30 new coins that is touted as a positive sign for the digital currency landscape.Coinbase swimming against the tideWhile BTC has lost close to 80% of its total market cap from Dec 2017 to Dec 2018; the value of Coinbase cryptocurrency exchange is catapulted in the opposite direction.Nothing is a mistake! There’s no win and no fail. There’s only make!Strong backing from top VCs and Institutional investorsSource: InWara’s Private Funding databaseCoinbase has only been getting popular and the recent $300 million raised in series E round led by Y Combinator, Andreessen Horowitz, Tiger Global Management, Wellington Management, Polychain Capital brings Coinbase’ post-money valuation to $8 billion. It is commendable for a startup that is just 6 years old. WIth this Coinbase has entered the big league with LedgerX, Ripple, Gemini and Stellar.Coinbase is one of the few companies to make profits in a bearish market.Strategic acquisitions by Coinbase has made it a giant in crypto spaceSource: InWara’s MnA databaseCoinbase’ acquisition of Earn.com for $100 million remains the blockbuster M&A deal in 2018. US-based Earn.com uses the blockchain for its paid-email service, having raised more than $120 million from investors. This transaction was announced on 16-April-2018.Success is credited to prominent VCs backing and well-experienced managementCEO & Co-Founder, Brian Armstrong has immense experience of 11 years in software and technology. Co-Founder, Fred Ehrsam has 10 years experience in the field of trading, software technology and was a trader with Goldman Sachs.All about Coinbase exchange platformCoinbase Exchange is one of the most popular exchanges in crypto space. It is available in over 35 countries and has added 6 countries just on 21st Dec 2018.Designed with a very straightforward and user-friendly interface, Coinbase provides an easy way of buying/selling/investing in cryptocurrencies for the newbies entering the space.Pros:Coinbase is the largest US based exchanges that accepts fiat currency for trading in Cryptos!Coinbase allows cryptocurrency trade in multiple ways, i.e, one can use bank transaction or credit/debit cards or can also exchange the cryptos for other digital assets. However, the timeline for the transaction to complete varies from method to method.It is a very versatile exchange. Not only Coinbase acts as an exchange but also it can doubly act as cryptocurrency wallet!Any trader on Coinbase can hold multiple wallets such as Bitcoin wallet, Etherum wallet, a Litecoin wallet and US dollar wallet or any country’s equivalent currency wallet.Trader alerts!To put it simply, Coinbase notifies the trader whenever any of the cryptocurrencies that you opt to watch hits a certain price point where you want to make a trade.ConsThe extremely simple and user-friendly design of Coinbase is both to its advantage and disadvantages as well.The really simple and intuitive design of Coinbase comes the added fee that Coinbase charges for the convenience and ease they offer.For the transaction made via bank transfer (for US-based bank accounts), Coinbase charges close to 1.5% and for the transaction made via credit card they charge an upwards of 4% fee. Base trading fees and commission charged by Coinbase is 0.5% which is also relatively high.Source: InWara’s Crypto Exchange databaseSince the cryptos are traded globally most of the times people outside the US use either credit/debit card for the transaction, they are hammered with charges. These charges are applicable in both the cases when you buy and sell irrespective of the amount of cryptocurrency traded.This poses a major concern for institutional investors and VCs who buy/sell cryptos in high volumes and if done with Coinbase exchange, shall attract high fees. Given the volatility of the crypto market, at times the investors would want to move their digital assets or cash out then you’re gonna get charged for every action.Coinbase cookies might track the activity of its users in terms of how they spend their Bitcoin which is an intrusion of privacy to a certain extent.Security features of Coinbase ExchangeFirst, Coinbase offers two-factor authentication which is an essential feature to have for any place that holds the digital assets of many traders.Second, Coinbase has BTC vault which is an additional layer of security that a user has to pass to access the Bitcoin and it also supports Google Authenticator app which makes it a multi-layered protocol.Snapshot from InWara’s Crypto Exchange databaseLastly, Coinbase is FDIC insured up to the value of $500,000 but the catch here is that it only covers funds held in USD wallet and doesn’t insure the funds held in any of the cryptocurrency wallets.To sum it upCoinbase realizes that the crypto space is still brand new which is both exciting and scary at the same time. To achieve its vision of creating an open financial system for the world, Coinbase is aiming at capturing the newbies trying to enter the crypto space right at their joining point which is why Coinbase is helping the newcomers understand the crypto world with its new tool Coinbase Learn on their website.This tool will give a walkthrough of the ins and outs of the digital currency world. Coinbase aims to strategically place itself at a position where it is considered to be the one striving towards creating something new and shaping this industry.Coinbase widens its “BASE”, now crosses the valuation of $8 billion | Complete Analysis of Exchange was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

Coinbase widens its “BASE” and now crosses the valuation of $8 B | Complete Analysis on Exchange

Coinbase widens its “BASE” and now crosses the valuation of $8 billionCoinbase’ journey towards becoming a UnicornDisclaimer: Article sourced from InWara. This is not financial advice.Coinbase has been the star of the industry lately attracting the top investors in crypto space. It has emerged as an epitome of how a startup with a clear vision can grow to new heights in an uncertain industry. Coinbase was one of the first crypto exchanges to receive US regulatory approval.Coinbase has been only scaling up since then!It started off with just Bitcoin and later on added Ethereum, Litecoin to its portfolio. In today's date, Coinbase has 5 coins listed and offers 9 wallets to its client base. Recent PR from Coinbase suggests that they are looking at a prospect of adding 30 new coins that is touted as a positive sign for the digital currency landscape.Coinbase swimming against the tideWhile BTC has lost close to 80% of its total market cap from Dec 2017 to Dec 2018; the value of Coinbase cryptocurrency exchange is catapulted in the opposite direction.Nothing is a mistake! There’s no win and no fail. There’s only make!Strong backing from top VCs and Institutional investorsSource: InWara’s Private Funding databaseCoinbase has only been getting popular and the recent $300 million raised in series E round led by Y Combinator, Andreessen Horowitz, Tiger Global Management, Wellington Management, Polychain Capital brings Coinbase’ post-money valuation to $8 billion. It is commendable for a startup that is just 6 years old. WIth this Coinbase has entered the big league with LedgerX, Ripple, Gemini and Stellar.Coinbase is one of the few companies to make profits in a bearish market.Strategic acquisitions by Coinbase has made it a giant in crypto spaceSource: InWara’s MnA databaseCoinbase’ acquisition of Earn.com for $100 million remains the blockbuster M&A deal in 2018. US-based Earn.com uses the blockchain for its paid-email service, having raised more than $120 million from investors. This transaction was announced on 16-April-2018.Success is credited to prominent VCs backing and well-experienced managementCEO & Co-Founder, Brian Armstrong has immense experience of 11 years in software and technology. Co-Founder, Fred Ehrsam has 10 years experience in the field of trading, software technology and was a trader with Goldman Sachs.All about Coinbase exchange platformCoinbase Exchange is one of the most popular exchanges in crypto space. It is available in over 35 countries and has added 6 countries just on 21st Dec 2018.Designed with a very straightforward and user-friendly interface, Coinbase provides an easy way of buying/selling/investing in cryptocurrencies for the newbies entering the space.Pros:Coinbase is the largest US based exchanges that accepts fiat currency for trading in Cryptos!Coinbase allows cryptocurrency trade in multiple ways, i.e, one can use bank transaction or credit/debit cards or can also exchange the cryptos for other digital assets. However, the timeline for the transaction to complete varies from method to method.It is a very versatile exchange. Not only Coinbase acts as an exchange but also it can doubly act as cryptocurrency wallet!Any trader on Coinbase can hold multiple wallets such as Bitcoin wallet, Etherum wallet, a Litecoin wallet and US dollar wallet or any country’s equivalent currency wallet.Trader alerts!To put it simply, Coinbase notifies the trader whenever any of the cryptocurrencies that you opt to watch hits a certain price point where you want to make a trade.ConsThe extremely simple and user-friendly design of Coinbase is both to its advantage and disadvantages as well.The really simple and intuitive design of Coinbase comes the added fee that Coinbase charges for the convenience and ease they offer.For the transaction made via bank transfer (for US-based bank accounts), Coinbase charges close to 1.5% and for the transaction made via credit card they charge an upwards of 4% fee. Base trading fees and commission charged by Coinbase is 0.5% which is also relatively high.Source: InWara’s Crypto Exchange databaseSince the cryptos are traded globally most of the times people outside the US use either credit/debit card for the transaction, they are hammered with charges. These charges are applicable in both the cases when you buy and sell irrespective of the amount of cryptocurrency traded.This poses a major concern for institutional investors and VCs who buy/sell cryptos in high volumes and if done with Coinbase exchange, shall attract high fees. Given the volatility of the crypto market, at times the investors would want to move their digital assets or cash out then you’re gonna get charged for every action.Coinbase cookies might track the activity of its users in terms of how they spend their Bitcoin which is an intrusion of privacy to a certain extent.Security features of Coinbase ExchangeFirst, Coinbase offers two-factor authentication which is an essential feature to have for any place that holds the digital assets of many traders.Second, Coinbase has BTC vault which is an additional layer of security that a user has to pass to access the Bitcoin and it also supports Google Authenticator app which makes it a multi-layered protocol.Snapshot from InWara’s Crypto Exchange databaseLastly, Coinbase is FDIC insured up to the value of $500,000 but the catch here is that it only covers funds held in USD wallet and doesn’t insure the funds held in any of the cryptocurrency wallets.To sum it upCoinbase realizes that the crypto space is still brand new which is both exciting and scary at the same time. To achieve its vision of creating an open financial system for the world, Coinbase is aiming at capturing the newbies trying to enter the crypto space right at their joining point which is why Coinbase is helping the newcomers understand the crypto world with its new tool Coinbase Learn on their website.This tool will give a walkthrough of the ins and outs of the digital currency world. Coinbase aims to strategically place itself at a position where it is considered to be the one striving towards creating something new and shaping this industry.Coinbase widens its “BASE” and now crosses the valuation of $8 B | Complete Analysis on Exchange was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

US Lawmakers File Bill to Exclude Cryptocurrencies From Securities Definition

Two U.S. congressmen have introduced a bill aimed at amending the country’s securities laws to exclude cryptocurrencies from the definition of a security. The bipartisan bill also seeks to adjust taxation and create tax exemptions for certain cryptocurrency transactions. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Bill Introduced U.S. Reps. Warren Davidson, R-Ohio, and Darren Soto, D-Fla, introduced a bipartisan bill on Thursday aimed at excluding cryptocurrencies from the definition of a security. The bill, called Token Taxonomy Act, seeks “To amend the Securities Act of 1933 and the Securities Exchange Act of 1934 to exclude digital tokens from the definition of a security,” according to the text of the bill. It also directs the Securities and Exchange Commission (SEC) “to enact certain regulatory changes regarding digital units secured through public key cryptography.” Moreover, it seeks to “adjust taxation of virtual currencies held in individual retirement accounts, to create a tax exemption for exchanges of one virtual currency for another, to create a de minimis exemption from taxation for gains realized from the sale or exchange of virtual currency for other than cash, and for other purposes.” Cnbc explained that the bill resulted primarily from a September roundtable hosted by Davidson. More than 50 industry participants attended including Fidelity, Nasdaq, State Street, Andreessen Horowitz and the U.S. Chamber of Commerce, the news outlet noted, adding that this bill has been in the works for months. Changing the Law The bill introduced on Thursday defines digital tokens and clarifies why securities laws do not apply to cryptocurrencies. Currently, the SEC uses the Howey Test to determine whether a cryptocurrency is a security. Last month, U.S. District Judge Gonzalo P. Curiel ruled that the commission was not successful at showing the court that Blockvest tokens were securities based on the Howey Test. The agency has been cracking down on numerous cryptocurrency projects this year. SEC Chairman Jay Clayton has emphasized that he does not intend to update the commission’s standards to include cryptocurrencies. At the Senate hearing earlier this year, he said that every ICO he had seen is a security. The only exceptions were BTC and ETH, he clarified, noting that the two cryptocurrencies are regulated as commodities by the Commodity Futures Trading Commission (CFTC). “This week’s bill is largely symbolic,” Cnbc elaborated. “Friday is likely the last day Congress is in session and the bill will need to be reintroduced next year, when Democrats are in control of the House.” Do you think cryptocurrencies will be excluded from the definition of a security? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post US Lawmakers File Bill to Exclude Cryptocurrencies From Securities Definition appeared first on Bitcoin News.
Bitcoin News

Decentralized Stablecoin Basis Shutting Down

Basis, a stablecoin project promising to offer price stability by expanding and contracting supply of the token (Basis, formerly Basecoin) to keep its price at about a dollar per token, is shutting down. Basis published a letter for its community on December 13th informing them of the decision. The project has said it will return capital it got from its top venture capitalists, as it came under the scrutiny of regulators. SEC Believed Basis is a Security Eight months ago, Basis landed $133 million USD of capital from top venture capitalists such as one-time Federal Reserve governor Kevin Warsh, Lightspeed Venture Partners, Foundation Capital, Andreessen Horowitz, WingVC, NFX Ventures, Valor Capital, Zhenfund, Ceyuan, Sky9 Capital, Digital Currency Group and others. On December 13th, Basis published a letter announcing that the project is halting operations, due to an SEC guidance letter. Apparently, a SEC regulatory guidance defined the project as a security and this had a negative impact on its ability to launch. Why Did the SEC Want to Regulate Basis as a Security? If the SEC regulates a cryptocurrency as a security then exchanges would have to register with the SEC in order to enable trading involving the asset, at least in the US. Also, US investors will not be able to invest in a project that is deemed as a security in the US but is not properly registered as such. Projects face hundreds of thousands of dollars in fines if they don’t register with the SEC, but they conduct their business in the US or solicit US citizens or residents. But why did the SEC want to regulate Basis as a security? Put simply, Basis was meant to be a bond and share token. The project was designed to use an algorithm to stabilize token prices, as opposed to collateralizing it or pegging it to a fiat currency like the US dollar. The system was planned to incentivize traders to buy and sell Basis in response to changes in demand. These incentives were set up through regular, on-chain auctions of “bond” and “share” tokens, which served to adjust Basis supply. The Tokens Behind Basis Are Securities Due to their status as unregistered securities, bond and share tokens would be subject to transfer restrictions, with Intangible Labs, the team behind Basis, being responsible for limiting token ownership to accredited investors in the United States. The team would also have to perform eligibility checks on international users. Enforcing these transfer restrictions would require a centralized user white list, which went against the ethos of Basis as a decentralized cryptocurrency available to everyone. Complying with SEC regulations would have changed the entire product Basis offered. Intangible Labs considered paths that would comply with SEC regulations while keeping their product compelling to users, such as launching offshore. Nevertheless, that would affect the project’s fund-raising efforts with qualified US investors. These investors were also not too keen on changing the product to comply with the SEC, which put the final nail in its coffin. Is Regulation Overbearing? This only makes us stop and think about why the SEC would want to halt a promising project like Basis. Providing a stablecoin option that is not tethered to fiat currency could serve to increase the adoption of cryptocurrency. This kind of regulatory obstacles could hamper the growth of the space. If there had been tighter regulation at the dawn of the internet age, we wouldn’t have seen the development of the technology we use today. By forcing their regulations on Basis, the SEC is only stifling innovation. These projects are bound to migrate to friendlier jurisdictions. The post Decentralized Stablecoin Basis Shutting Down appeared first on Bitcoin Chaser.
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
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BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust https://www.altcoinbuzz.io/crypto-news/finance-and-funding/leading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust/?fbclid=IwAR2AlAU_C_8Mm9CUm2hDci0pmdW3pvLzphS-BSy888SzDptaXMeifxZgJ1I Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) https://www.cryptoglobe.com/latest/2019/01/crypto-investment-firm-grayscale-launches-fund-dedicated-to-stellar-lumens-xlm/ Grayscale Tweet https://twitter.com/GrayscaleInvest/status/1085904356635959297?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085904356635959297&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Ffinance-and-funding%2Fleading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust%2F Grayscale https://grayscale.co/stellar-lumens-trust/ BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading https://dailyhodl.com/2019/01/17/bitgo-ceo-says-institutional-money-in-crypto-can-easily-reach-trillions-of-dollars-as-company-launches-cold-storage-trading/ Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade https://www.bloomberg.com/news/articles/2019-01-16/crypto-s-billion-dollar-theft-problem-prompts-safer-way-to-trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople https://www.trustnodes.com/2019/01/17/ethereum-chain-splits-an-estimated-10-of-miners-stay-on-constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed https://www.altcoinbuzz.io/crypto-news/product-release/ethereum-upgrade-constantinople-hard-fork-delayed/ VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 https://www.newsbtc.com/2019/01/17/vaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019/ Nasdaq Tweet https://twitter.com/Nasdaq/status/1085522054559031296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085522054559031296&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F01%2F17%2Fvaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019%2F -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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