Coinbase will now allow its users to make payments in either XRP or USDC with zero fees. Coinbase explained, “XRP and USDC may be better suited for smaller international money transfers due to their faster processing and lower transaction fees. USDC also has the added advantage of being exchangeable for one US dollar, rather than being volatile in price like other cryptocurrencies.”
A cryptoexchange based in the US, Coinbase have revealed that they have begun supporting the Stellar cryptocurrency (XLM) for its desktop and mobile application. The announcement was made in the exchange’s blog and was made available in most jurisdictions since March 18, however, traders from the UK and the state of New York will initially will not available to access the asset.
The US-based crypto exchange, Coinbase which has been facing backfire from its user for acquiring the Italy-based analytic firm, Neutrino claimed that its partners (Elliptic and Chainalysis) had sold user data to the third parties. However Elliptic and Chainalysis in their respective blog post clarified that it did not collect or share users’ credentials.
A cryptocurrency exchange based in the U.S, Coinbase has recently decided to let go of staff after the spyware backlash. The co-founder of Coinbase, Brian Armstrong then explained referring to their purchase of an Italian blockchain analytics firm, Neutrino, “we did not properly evaluate everything from the perspective of our mission and values as a crypto company.”
Some disgruntled user of Coinbase have come together to make #DeleteCoinbase a trend in social platforms to nudge other users to delete or boycott the US crypto exchange, Coinbase. All this comes after Coinbase acquisition of the Italian startup Neutrino, which had been accused of selling intrusion and surveillance capabilities to oppressive regimes across the globe.
An online finance firm, SoFi have shown their interest in cryptocurrency by collaborating with the world’s largest cryptocurrency exchange to launch a cryptocurrency trading this year in the second quarter. The CEO of SoFi, Anthony Noto have explained, “Our target audience wants to see what the price of cryptocurrency is, and to buy it,”
Coinbase, one of the most-used cryptocurrency exchanges, moved approximately $5 billion in cryptocurrency, claiming the title of “largest crypto migration on record.” The transfer included 5% of all BTC, 8% of all ETH, and 25% of all LTC in circulation. Coinbase stores 98% or more of our customer assets in our cold storage system.
Wealthfront, SEC-Registered company,that they now support Coinbase Accounts and Wallets. Then explained, “We want to help you optimize and automate your finances to ensure you reach your unique financial goals. To achieve that vision, we need to incorporate a comprehensive and constantly updated view of your finances. That’s why enhancements, like our new integration with Coinbase, are so important.”
The CEO one of Coinbase name Brian Armstrong have recently shared its vision to donate millions of his crypto wealth. Armstrong then commented, “There is a quote I saw recently which read ‘The greatest good you can do for another is not just to share your riches, but to reveal to him their own.’ This stuck with me.
As an effort in educating the cryptocurrency among the users, one of the largest cryptocurrency exchange in the world, Coinbase have reintroduced Earn.com. Coinbase then shares their vision in a blog post in regard to the reintroduction of earn.com, “make blockchain technology more accessible, both in the sense of making cryptocurrencies easier to obtain and easier to understand.”