Crypto News 

Coinbase’s cryptocurrency index fund opens its door to U.S. investors

“In March, cryptocurrency exchange Coinbase announced it would be launching an index fund for cryptocurrencies, allowing investors to effortlessly buy a basket of coins traded on Coinbase’s exchange GDAX, recently rebranded to Coinbase Pro” writes Stan Schroeder for mashable.com. Or you can buy a token like Crypto20, which is a tokenized index fund that tracks the performance of 20 large cryptocurrencies.Now, the fund is officially open for U.S. accredited investors who wish to invest from $250,000 to $20 million.Per Coinbase’s announcement yesterday, a fifth cryptocurrency — Ethereum Classic — will…

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Crypto Markets News 

Bitcoin steadies as volumes recede, Ethereum Classic spikes on Coinbase listing news

“According to data from CoinMarketCap Ethereum Classic is the 18th largest digital currency with a market cap of $1.6 billion” writes Aaron Hankin for marketwatch.com. After shedding more than 10% Sunday, bitcoin, the worlds biggest digital currency, has righted the ship, holding above $6,500.Greenspan added that the crypto market is in a liquidity vacuum at the moment, and is susceptible to these large moves, both up and down.The price of a single bitcoin BTCUSD, -0.91%  was last worth $6,742.54, down 0.3%, since Monday 5 p.m.However, with crypto traders licking their…

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Crypto News Platforms 

Coinbase is adding Ethereum Classic to its exchange

“Coinbase, the largest U.S.-based cryptocurrency exchange, has only supported four coins so far: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash” writes Stan Schroeder for mashable.com. This will undoubtedly bring a new level of visibility to Ethereum Classic, which is a decentralized smart contract platform similar to Ethereum. Source: mashable.com Share This:

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Crypto News Platforms 

Coinbase Plans to Add Ethereum Classic

“Coinbase, the popular cryptocurrency wallet and exchange, announced Monday that it plans to add Ethereum Classic (ETC) to its list of coins available for trading” reports sludgefeed.com. Coinbase emphasizes in their latest announcement that customers who previously had an Ethereum Classic balance on its platform as a result of the 2016 Ethereum hard fork and did not elect to withdraw their funds prior to January 2017 will receive a corresponding Ethereum Classic credit.In the announcement, Coinbase details the process for adding a new altcoin to its trading platform, suggesting that the technical integration…

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Crypto News 

Crypto exchanges are expanding their services

“Two US-based crypto exchanges are taking different approaches to rolling out more products: These moves should help the crypto exchanges remain relevant in an increasingly difficult space” writes Lea Nonninger for businessinsider.com. This is likely making some crypto exchanges nervous and pushing them to diversify their products to ensure customer satisfaction, as well as to generate revenue.Therefore, rolling out more services and supporting a larger variety of cryptocurrencies is likely wise of these companies.The crypto industry has taken some hits since the beginning of 2018, with Bitcoin’s price dropping over…

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Crypto News 

Coinbase Acquires Broker-Dealer in ‘Path to List SEC-Regulated Crypto Securities’

“The acquisition of Keystone could provide a pathway for Coinbase to offer stocks or other securities in the future; the terms of the acquisition remain undisclosed” reports financemagnates.com. Coinbase has announced that it is moving forward with a plan to acquire licensure that would allow the company to begin offering blockchain-based securities and participate in the ICO market. Source: financemagnates.com Share This:

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Crypto News 

$1.6 billion Coinbase says that its newest acquisition puts it ‘on track’ to trade securities, and it could mean new coins are coming soon

“$1.6 billion bitcoin exchange Coinbase has turned to M&A to get the licenses needed to run a fully-regulated financial business” writes Finanzen Net Gmbh for businessinsider.com. But Coinbase currently trades only four of the biggest cryptocurrencies on the market: bitcoin, bitcoin cash, ethereum, and litecoin.In late May, Coinbase acquired a trading platform called Paradex which lets users trade “hundreds of coins.”. Coinbase, an industry-leading cryptocurrency exchange, has been slow to add new coins, given that they may be considered a security by the Securities and Exchange Commission (SEC). Source: businessinsider.com Share…

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Crypto News 

Crypto exchange Coinbase acquires securities dealer Keystone Capital

“Buying Keystone also raises the prospect that Coinbase could, down the line, expand into products tied to stocks or other securities” writes Paul Vigna for marketwatch.com. Coinbase, one of the leading cryptocurrency and bitcoin businesses, is acquiring a securities dealer that the company hopes will allow it to expand into the red-hot coin-offerings market.Keystone is a Finra-registered broker-dealer, and it has licenses to operate as a registered investment adviser, as well as to run an alternative trading system, or ATS. Terms of the deal weren’t disclosed. Source: marketwatch.com Share This:

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Crypto News 

Crypto Wallet That Lured $35 Billion in a Year Wins IDG Backing

“But it also means the company has limited scope to offer wallet users additional services, such as investment plans” writes Yuji Nakamura for bloomberg.com. Take ImToken Pte., a Chinese startup that developed one of the first cryptocurrency wallet apps to support the Ethereum blockchain.Because it isn’t holding users’ coins directly, ImToken is less vulnerable to hacking attacks that have plagued many crypto platforms.The free software has attracted 4 million users, who’ve used it to stash $35 billion of crypto assets over the past year, more than at big-name competitors including…

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Crypto News Platforms 

GDAX Will Apparently Rebrand to Coinbase Pro

“As of right now, the plan is to rebrand this platform to Coinbase Pro” writes Jp Buntinx for livebitcoinnews.com. This second trading solution is operated by Coinbase, next to their more novice user-friendly trading platform.The GDAX platform we know today will undergo some big changes.Most cryptocurrency users have gotten acquainted with the GDAX platform. Source: livebitcoinnews.com Share This:

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