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Ripple, Coinbase invested an undisclosed amount in the first Mexican crypto exchange to help it expand to Brazil and Argentina. Ripple, the firm behind the third biggest cryptocurrency XRP, has led an investment round in Bitso, one of the biggest crypto exchanges in the Spanish-speaking world. The first Mexican crypto exchangeAn early partner of Bitso, Ripple has led the new investment round to support the first cryptocurrency exchange in Mexico, the company officially announced on Oct. 14. As reported by crypto publication The Block, the new investment round also involves major investors including United States-based crypto exchange and wallet provider Coinbase, Jump Capital as well as existing investors such as Digital Currency Group and Pantera Capital. The amount of investment has not been disclosed. Expanding to Argentina and BrazilAccording to the report, the raised funds will help Bitso expand its business to Argentina and Brazil, among other Latin American countries. As noted ..
Coinbase CEO Brian Armstrong says the U.S. Senate’s action to pressure Libra participants is “very un-American.” Coinbase CEO has criticized United States’ senators for asking Stripe, Mastercard and Visa to leave Facebook’s crypto project Libra. “Something feels very un-American about this”After U.S. Senators Brian Schatz and Sherrod Brown apparently pressured the payment giants to leave Libra, Brian Armstrong, co-founder and CEO of major U.S. crypto exchange Coinbase, called the action “un-American” in a tweet on Oct. 13. Armstrong wrote: “Something feels very un-american about this. Two senators writing to Visa, Mastercard, and Stripe to ask them to withdraw from Libra.” Senators’ letter pushes payment giants to leave LibraOn Oct. 8, senators Schatz and Brown sent public letters to Stripe CEO Patrick Collinson, Mastercard CEO Ajaypal Banga and Visa CEO Alfred Kelly regarding their participation in Facebook-led stablecoin project Libra. In three separate letters, the senators have t..
Cryptocurrency exchange Coinbase is expanding its European foothold with its newly received e-money license from the Central Bank of Ireland. Coinbase is expanding its European foothold with an e-money license from the Central Bank of Ireland. “One of just a few companies”On Oct. 11, Zeeshan Feroz, the CEO of the United Kingdom arm of San Francisco-based cryptocurrency exchange Coinbase, announced that the exchange had become “one of just a few companies,” to have received an e-money license in Ireland. Coinbase opened its first office in Dublin, Ireland, in October 2018 to help expand its operations in Europe and as a contingency plan for when the U.K. leaves the EU. The Coinbase U.K. CEO said: “Europe represents a huge opportunity for Coinbase and today’s announcement is another positive step for us in the region. The approval from the Central Bank of Ireland will now enable us to expand our Irish operation and deliver a better product to customers across some of our fastest-growing..
Coinbase Custody now allows Maker holders to participate in the project’s governance. Coinbase Custody now allows Maker (MKR) holders to participate in the project’s governance without withdrawing their funds. The announcement comes from a Coinbase blog post published on Oct. 11. By implementing the governance feature, Coinbase Custody enables MKR holders to participate in on-chain governance directly on the platform, avoiding the need to withdraw their funds from third-party custodians. This, according to the post, will purportedly attract more participants to the MakerDAO Multi-Collateral Dai (MCD) voting, which is expected on Nov. 15. MakerDAO’s upcoming voteThe launch of MCD is expected to introduce new features to the Maker Protocol such as Dai Savings Rate and additional CDP collateral types. The project is planning to provide MKR holders with a range of documents to review, while the announcement specifically states: “MKR holders will also soon review and vote on the terms of t..
American cryptocurrency exchange Coinbase has launched an iOS mobile app for its professional trading platform Coinbase Pro. Major American cryptocurrency exchange Coinbase has launched a mobile app for its professional trading platform Coinbase Pro. Coinbase introduced the app in an Oct. 10 announcement. It provides access to more than 50 trading pairs for users in over 100 countries, and generally duplicates the platform’s features including real-time candles, depth charts, order books and types. Coinbase Pro’s mobile app users will pay the same fees for orders as those executed on the desktop platform. Although the Coinbase Pro mobile app is currently only available for iOS users, an app for Android is set to come soon. Adoption of a new fee structureStarting from Oct. 7, Coinbase Pro was set to adopt a new fee structure that would cause its maker trading fees for low tier — $10,000 and below — to surge. As such, trades of $10,000 and lower would see maker fees increase by 233% — ..
Coinbase announces that it will provide custodial support for the forthcoming cryptocurrency from the popular encrypted messaging service Telegram. Major United States-based crypto exchange and wallet provider Coinbase has announced that it will provide custodial support for the forthcoming cryptocurrency from the popular encrypted messaging service Telegram. In an official blog post published on Oct. 10, the exchange revealed that Coinbase Custody — its digital assets custodian solution for institutional investors — will launch support for the Telegram Open Network’s (TON) native token Gram (GRM) when it goes live. Insured offline storage at network’s launchCoinbase’s announcement reveals that it will support the secure storage of three forthcoming tokens in total — GRM, Sola (SOL) and OXT (OXT) — at each network’s respective launch. Custodial support will provide GRM token holders with offline storage and insurance coverage, according to the announcement. As the exchange reiterates,..
Cryptocurrency exchange Coinbase is discussing the possibility of hiring the engineering team of Ripple-backed storage and rental startup Omni Rentals. United States-based cryptocurrency exchange Coinbase is currently discussing the possibility of hiring the engineering team of Ripple-backed storage and rental startup Omni Rentals, tech news outlet TechCrunch reported on Oct. 5. Not the only company interestedPer the report, two unspecified sources familiar with the situation told the outlet that Omni is currently struggling with layoffs and just lost seven operations team members. Besides Coinbase, the startup is also in talks with professional hiring intermediary Thumbtack for the same reason. Coinbase would reportedly employ the engineering team to further develop its Coinbase Earn education platform that is currently available in over 100 countries. It was first announced in December last year and lets users earn crypto for studying the ecosystem. Still, an official Coinbase spoke..
The U.S. government reacted to Facebook’s Libra “like they almost want to be left behind,” says Coinbase CEO Brian Armstrong. Brian Armstrong, CEO and co-founder of major crypto exchange Coinbase, tweeted on Oct. 5 that he expects the United States to react to China’s stablecoin project by reconsidering its response to Facebook’s Libra digital currency. The U.S. government wants to be left behindIn his tweet, Armstrong said he believes that “the way the U.S. government reacted it's like they almost want to be left behind.” He also voiced overall concerns over the United States possibly becoming obsolete due to innovation obstruction in a subsequent tweet: “The way for countries to remain relevant over the long term and continue to have high economic growth is to invest in science, technology, and innovation. If the government can help here, even better. But first it needs to do no harm.” Special interest groups block innovationArmstrong also explained that “innovation often looks..
United States-based crypto exchange Coinbase announces another trading fees increase on its professional platform Coinbase Pro. Major United States-based crypto exchange and wallet service provider Coinbase has announced that it will increase trading fees again on its professional platform Coinbase Pro. Maker fees for trades under $10K surge over 200%Starting from Oct. 7, Coinbase Pro will adopt a new fee structure that will cause its maker trading fees for low tier — $10,000 and below — to surge as high as 233%, according to the update posted on Oct. 3. Following another surge in March 2019, Coinbase Pro currently charges all accounts trading under $100,000 with a 0.15% maker fee and a 0.25% taker fee. After Oct. 7, trades of $10,000 and lower will see maker fees increase by 233% — from 0.15% to 0.50%, according to the announcement. Taker fees within the tier will surge 100% — from 0.25% to 0.5%. New Coinbase Pro maker and taker fees. Source: Coinbase Maker-taker model on Coinbase ..
U.S.-based crypto exchange Coinbase reinstates GBP transfers for its United Kingdom customers. United States-based crypto exchange Coinbase has reinstated GBP transfers for its United Kingdom customers, according to an official announcement on Oct. 3. Coinbase has also added full support for five new crypto assets — Basic Attention Token (BAT), 0x (ZRX), Augur (REP), Stellar (XLM) and XRP — to GBP wallets, the exchange revealed the same day. Clearbank is reportedly Coinbase’s new banking partnerCoinbase had initially rolled out GBP support in 2018 after being granted an e-money license for fiat currency operations from the U.K.’s Financial Conduct Authority. In parallel, it gained access to the UK’s Faster Payments Scheme (FPS) by opening an account at London-based banking giant Barclays. One year later, Barclays reportedly severed its relationship with the exchange, leaving U.K. Coinbase clients waiting days to process their GBP deposits and withdrawals. Reinstated GBP support alleg..