Crypto News 

Binance and Coinbase Announce Support for Upcoming BCH Hard Fork

“Among the exchanges, Binance and Coinbase have announced support for the hard fork” writes Kuldeep Kaul for livebitcoinnews.com. Among the leading exchanges, Binance and Coinbase have announced their support for the hard fork on their respective websites.The upcoming Bitcoin Cash (BCH) hard fork could result in two different chains this time. Source: livebitcoinnews.com Share This:

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Crypto News Platforms 

Platform Develops Global Regulations and Gains Support of Coinbase and Circle

“In addition, the GDF also discussed its framework with global regulators and other agencies that focus on developing and setting standards” writes Nikita Blows for livebitcoinnews.com. This could be why more and more companies are calling for global regulations and rules when it comes to definitions, processes, and policies in the industry.Global Digital Finance (GDF) has partnered with a range of well-known platforms in the crypto industry to create, and encourage the adoption of, a clear set of global regulations and guidelines for crypto assets.Allaire chatted about Circle’s involvement: Regulations…

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Crypto News Platforms 

Coinbase Launches Support for Basic Attention Token

“Coinbase added support for BAT tokens on its Coinbase Pro platform, while it will enable trading on the BAT/USD order book only when sufficient liquidity is established” writes Ana Alexandre for cointelegraph.com. Coinbase notes that BAT trading will be available in most jurisdictions, except for residents of the state of New York.In October, Coinbase launched trading for 0x (ZRX), making it the first ERC-20 token available for trade on the platform.Per the post, the BAT trading will go through four stages, including “transfer-only,” where users will be able to transfer…

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Crypto Markets News 

Grayscale Investments Brings in $330 Million Despite Downturn in Cryptocurrency Prices

“According to a Q3 2018 report from the digital currency investing firm, year-to-date (YTD) profits amount to $329.5 million” writes Rebecca Campbell for livebitcoinnews.com. Additionally, $81.1 million was brought in from investments in Q3 2018.Speaking to CNBC, Michael Sonnenshein, managing director of Grayscale Investment, said: Strong investment from institutional investors suggests that they are responding to the market as it continues to gain mainstream adoption.The report states that 70 percent of the investment came from institutional investors.The cryptocurrency industry may be in a bear market, but for one investment firm that’s…

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Crypto News 

Coinbase Has No Immediate Plans for IPO, Says Company COO Asiff Hirji

“Coinbase chief operating officer (COO) Asiff Hirji says the company has no plans to go public any time soon” writes Nick Omo for livebitcoinnews.com. The Coinbase COO then said many interested investors had asked the company to become a trusted custodial service provider.Do you think a company like Coinbase needs to go public any time soon?.  Source: livebitcoinnews.com Share This:

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Crypto News 

Coinbase Closes $300 Million Funding Round, Company Value Hits $8 Billion

“The funding round was led by Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others” reports financemagnates.com. While the company did confirm the cuts, it didn’t confirm the number, but Yahoo sources said the number was higher than 15 people. Source: financemagnates.com Share This:

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Crypto News 

Coinbase valued at $8 billion in latest fundraising round

“Coinbase booked revenue of $1 billion in 2017 and is expected to bring in $1.3 billion this year despite the slump in bitcoin, according to media reports” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Coinbase, one of the top U.S. cryptocurrency exchanges, said on Tuesday it raised another $300 million in a funding round led by Tiger Global Management, valuing the firm at more than $8 billion.San Francisco-based Coinbase was one of the top beneficiaries of the bitcoin boom last year after the cryptocurrency rocketed more than 1,300 percent…

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Crypto News 

Coinbase is now valued at $7B after closing new $300M round

“Coinbase currently allows trading to just a handful of cryptocurrencies, but it has long harbored ambitions to expand beyond that” reports techcrunch.com. Based on that, he said he believes that Coinbase could host hundreds of tokens within “years” and even potentially “millions” in the future.Initially famous for crypto-to-crypto trading, Binance, the world’s largest exchange based on trading, has plans to open at least 10 fiat-to-crypto exchanges worldwide by the end of next year.In addition, the firm plans to broaden its focus outside of the U.S. to offer fiat-to-crypto exchanges services in…

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Crypto News 

Coinbase Fires 15 Remotely Located Employees

“The leading cryptocurrency company is reported to have laid off remotely placed customer support staff” writes Kuldeep Kaul for livebitcoinnews.com. Coinbase, the largest cryptocurrency exchange in the United States, is reported to have fired at least 15 employees from its customer support, compliance, and fraud departments.The remotely located employees were laid off, although it is reported that they were given the option of relocating to a Coinbase office.The firm had hired remote customer support staff to service the growing number of customers back in 2013.The firm appointed Tina Bhatnagar, a…

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Crypto News 

СNBC Crypto Trader Host Ran Neuner Claims Coinbase Will Soon Announce Its First IPO

“Ran Neuner, host of of the Crypto Trader show on CNBC Africa, claims that major crypto exchange and wallet Coinbase is about to announce its first Initial Public Offering (IPO), according to a tweet Thursday, Oct. 25” reports cointelegraph.com. The host also provided statistics on Coinbase’s revenue and account numbers in his post. In particular, the crypto exchange was allegedly in talks with Tiger Global and its current shareholders for an investment of up to $500 million. Source: cointelegraph.com Share This:

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