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.”
Coinbase exchange has filed an application with the U.S. Patent and Trademark Office (USPTO) a trademark for ‘BUIDL’ for the software-as-a-service software. The application also detailed on the usage of the term in the ‘temporary use of non-downloadable computer software.’ Reportedly, the application would be assigned to an examining attorney three months after filing.
Coinbase has enabled the retail investors to purchase and sell Zcash. Presently, the residents of the U.S., UK, European Union, Canada, Singapore, and Australia would be able to trade the coin. The residents of in the United Kingdom and the U.S. state of New York are not currently covered. The announced regarding the privacy features for the trade quoting on shielded and transparent transactions.
Rees Atlas has left the office of Coinbase to join Twilio, a publicly traded tech company. Rees served as the risk operations manager of the exchange. He began to work at the Twilio as the fraud operations manager which is similar to the role he performed at the Coinbase. A Twilio official confirmed the recruitment.
A cryptocurrency exchange platform headquartered in the United States, Coinbase has reportedly enabled free withdrawals to the payment service provider, PayPal. Some users have shared about a mail received stating, “Starting today, you can link your PayPal and Coinbase account for faster withdrawals. There is no fee to withdraw funds to PayPal.”
The Coinbase has released open its over-the-counter (OTC) trading desk targeting the institutional Prime customers. The operation of the trading desk is expected to lessen the cost of cryptocurrency acquisition for institutions and result in the reduction of overall volatility. The chief of sales at Coinbase, Christine Sandler expressed that the launch corresponded to the customer’s demand.
The Securitize token issuance platform raised $12.75 million through a Series A funding round. The investment round was headed by Blockchain Capital. Reportedly, the Coinbase Ventures, Ripple, NXTP, and Global Brain Corporation invested. The funds would support the company to tap the development of the company’s platform and to connect with new partners.