Crypto News 

WooCommerce Users Can Accept Bitcoin Payments…

“A new tool by Coinbase will let any WooCommerce store owner accept Bitcoin payments” writes Jp Buntinx for livebitcoinnews.com. WooCommerce users can accept all of the major cryptocurrencies supported by the exchange.Will Coinbase’s WooCommerce plugin ease merchants’ barrier to entry for accepting cryptocurrencies as payment?.  Source: livebitcoinnews.com Share This:

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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 News 

Compound, a startup that’s building a money market for crypto assets, raises $8M seed led by a16z and gets the first investment from Coinbase’s new venture fund

“To set the interest rate, Compound acts kind of like the Fed” writes Josh Constine for techcrunch.com. It analyzes supply and demand for a particular crypto asset to set a fluctuating interest rate that adjusts as market conditions change.Compound wants to let you borrow cryptocurrency, or lend it and earn an interest rate.If it gets the interest rate wrong, an influx of lenders or borrowers will drive it back to where it’s supposed to be. Source: techcrunch.com Share This:

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Crypto News 

For cryptocurrency to go mainstream, it needs tools like these

“Coinbase claims that more than 100 hedge funds announced plans to trade/invest in cryptocurrency in the last few months alone” writes Stan Schroeder for mashable.com. If institutional investors take the bait — and judging by announcements from banking giants such as Goldman Sachs, they will — Coinbase’s new tools will clear the path for an even larger outpouring of money into cryptocurrencies.Leading U.S.-based cryptocurrency exchange Coinbase is going after institutional investors with four new major products, all of which cater to the needs of professionals and big institutions, making it…

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Crypto News 

As bitcoin’s price tumbled, Coinbase’s customer complaints climbed, report says

“As the price of bitcoin has fallen, a well-known cryptocurrency has seen customer complaints jump, according to a research report on the prominent digital-asset platform” writes Aaron Hankin for marketwatch.com. Complaints were retrieved from the CFPB’s consumer-complaint database and bitcoins historical prices were retrieved from Coinmarketcap.com.Coinbase simply stole $1000 from me,” a customer told the CFPB. Coinbase didn’t answer any questions regarding the report but did direct MarketWatch to their support page. Source: marketwatch.com Share This:

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News 

Coinbase’s COO Hirji says digital exchange to offer cryptocurrency-focused index fund

“Coinbase’s President & Chief Operating Officer Asiff Hirji late Tuesday said the popular digital-currency platform would kick off a crypto-focused index fund” writes Aaron Hankin for marketwatch.com. Hirji told CNBC during an interview on its “Fast Money” segment that the planned index fund is intended to give retail investors broad exposure to virtual currencies.The COO said the fund is still in the works and would be targeted to accredited investors, with a specified net worth. Hirji said the index fund would be market-cap weighted but didn’t offer more details. Source: marketwatch.com…

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Crypto Markets News 

Coinbase halts buying and selling as crypto market plunges

“In total, the cryptocurrency market shed more than $140 billion from its market capitalization over the last twenty-four hours” writes Frank Chaparro for businessinsider.com. Buys and sells on Coinbase, the US largest cryptocurrency exchange, have been disabled amid a massive cryptocurrency sell-off.Bitcoin was down more than 20% on Coinbase’s GDAX exchange at the time of writing.It was trading at $12,650, down from an all-time high above $19,000 earlier in December. Source: businessinsider.com Share This:

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Crypto News 

David Marcus, VP of messaging products at Facebook and a former president of PayPal, will be joining Coinbase’s board

“Meanwhile, Coinbase is also scrambling to build new products and features, including a new custodian service for large institutional investors like sovereign wealth funds” reports fortune.com. The unprecedented volume at Coinbase comes as media hype is leading everyone from ordinary investors to hedge funds to jump on the bitcoin bandwagon. Source: fortune.com Share This:

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Crypto News 

Bitcoin soars more than $3,000 on Coinbase before site crashes — but other exchanges have totally different prices

“The price of bitcoin on Thursday was all over the place, with different exchanges printing significantly different prices” writes Finanzen Net Gmbh for businessinsider.com. Bitcoin soared above $19,500 a coin on Coinbase’s GDAX exchange around 11 a.m.ET, for instance, bitcoin was trading at $19,141 per coin on Bithumb, an Asian exchange.The immaturity of the bitcoin markets has often created price discrepancies, which would be unheard of elsewhere on Wall Street.ET Thursday, just three hours after it blew past $16,000 on the exchange. Source: businessinsider.com Share This:

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