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The price of Stellar Lumens [XLM] has surged at least 5 percent since reports of a possible listing on Coinbase exchange surfaced. Though it is still unconfirmed if Coinbase is about to list XLM tokens, it has not stopped the surge of activity around the token. Name Price24H (%)$6,476.99 -0.29%$0.234824 -1.78% Stellar [XLM] Price Watch Stellar is currently the fifth-ranked cryptocurrency with a total market cap of $5.15 billion according to data from CoinMarketCap. While other top cryptocurrencies saw their stock go down in the last 7 days, XLM traced an upward chart reaching 5 percent gains when it reached $0.27 on Nov 11. At the time of writing, Stellar [XLM] is trading slightly over $0.27 still green from the last 24 hours. Currently, XLM has a trading volume of $114,419,536 which more than two times the volume it had two days ago. On Binance exchange where the majority (over 30%) of XLM trades happen, only Bitcoin [BTC], Bitcoin Cash [BCH] and Ethereum [ETH] have been traded more..
U.S.-based cryptocurrency exchange Coinbase has launched full trading for the Basic Attention Token at Coinbase.com, as well as on the Coinbase Android and iOS apps. American cryptocurrency exchange and wallet provider Coinbase has announced the rollout of full trading of the Basic Attention Token (BAT) at Coinbase.com and in the Coinbase Android and iOS apps, per a blog post published Nov. 8. According to the announcement, Coinbase’s customers can now buy, sell, send, receive, or store BAT along with other digital currencies supported on the platform. The exchange also notes that BAT will be available for customers in most jurisdictions, except initially for residents of the state of New York. Coinbase announced that it started accepting inbound transfers of BAT to Coinbase Pro last week, indicating that BAT trading would only start once the coin established sufficient liquidity. The exchange stipulated that the token would undergo four listing stages, including “transfer-only,” wher..
Crypto exchange Coinbase has added support for the BAT token on its Coinbase Pro platform. Major U.S. cryptocurrency exchange Coinbase has announced it is accepting inbound transfers of Basic Attention Token (BAT) to Coinbase Pro, according to a blog post published Nov. 2. Coinbase added support for BAT tokens on its Coinbase Pro platform, while it will enable trading on the BAT/USD order book only when sufficient liquidity is established. Coinbase notes that BAT trading will be available in most jurisdictions, except for residents of the state of New York. BAT is not currently available on the exchange’s platform Coinbase.com and in its iOS and Android applications. Per the post, the BAT trading will go through four stages, including “transfer-only,” where users will be able to transfer BAT into Coinbase Pro accounts, “post-only,” which will enable customers to post limit orders. The other two stages include “limit-only,” where limit orders start matching, and the final stage “full t..
Coinbase thinks that around 300 out of the total number of cryptocurrencies in existence currently are “worth” offering. Major U.S. cryptocurrency exchange and wallet provider Coinbase will not perform an initial public offering (IPO) “any time soon,” the company’s President and COO Asiff Hirji told Bloomberg today, Oct. 31. Speaking to Bloomberg TV, Hirji, who himself was the first to hint about the potential for an IPO in 2017, said that while the company would go public “at some point,” it was “not even close to the top” of its list of priorities. He confirmed to reporters today: “There’s not going to be an IPO any time soon; we have so much to do.” Last week, CNBC host Ran Neuner reignited rumors Coinbase would officially confirm its IPO plans after claiming his Crypto Trader show would be exclusively divulging the details Oct. 26. This did not come to pass, however, Hirji instead saying executives wanted to “diversify revenue streams” across its various platforms in the coming ye..
Leading U.S. crypto exchange and wallet provider Coinbase has raised $300 million in a fresh funding round that brings its post-money valuation to $8 billion. Major U.S. crypto exchange and wallet provider Coinbase has raised $300 million in a fresh funding round that brings its post-money valuation to $8 billion, according to an official blog post published today, Oct. 30. The Series E equity financing round was reportedly led by investment firm Tiger Global Management, with participation from a host of backers well-known for their investments in the crypto space, such as Y Combinator Continuity, Wellington Management, Andreessen Horowitz, and Polychain, among others. According to Coinbase, the funds will be used to “accelerate” the adoption of cryptocurrencies, with plans to build infrastructure to support regulated fiat-crypto trading globally, and to lay the foundations for the support of “thousands” of new cryptos in future. The funding will also be invested in further developing..
Coinbase has confirmed it has made lay-offs among several departments but did not comment on the rumored numbers involved. U.S. cryptocurrency exchange and wallet provider Coinbase has cut “at least” fifteen staff after hiring 250 this year, Yahoo Finance quotes unidentified sources as saying Friday, Oct. 26. In a curious U-turn following a year of pledges to bolster the number of workers dealing with exploding customer demand, the company confirmed the lay-offs in a statement about its future hiring practices. “We’ve learned that certain teams who are co-located are more efficient, effective, and happier in their roles,” Yahoo quotes the statement as reading: “So moving forward, some teams – including Support, Fraud, and Compliance – will only hire employees into Coinbase offices.” While Coinbase did not officially confirm how many employees had lost their jobs, “insider” sources at the company said the number was not lower than fifteen. “People here are pretty upset about it, and so..
Ran Neuner, the CNBC Crypto Trader show’s host, claims that Coinbase will announce its first IPO on Oct. 26. Ran Neuner, host of of the Crypto Trader show on CNBC Africa, claims that major crypto exchange and wallet Coinbase is about to announce its first Initial Public Offering (IPO), according to a tweet Thursday, Oct. 25. Neuner states that the details on Coinbase’s IPO are to be revealed Friday, Oct. 26, live on the CNBC Crypto Trader show. The host also provided statistics on Coinbase’s revenue and account numbers in his post. The infographics show that the number of users on Coinbase has now reached 25 million, with 600,000 actively trading on the platform. Source: Ran NeuNer’s tweet As per the data revealed, the California-based crypto exchange has seen $90 million in revenue last quarter, with expectations to earn $450 million in the last quarter of 2018. 80 percent of revenue came from consumers, 15 percent more from institutional accounts, and the source of other 5 percent ..
Sometime ago, CoinBase was accused of insider trading. This was right after the exchange listed Bitcoin Cash (BCH). During a hearing on Tuesday, a United States district Judge Vince Chhabria, dismissed the suit against CoinBase that was filed by Jeffrey Berk. According to Jeffrey Berk, Bitcoin Cash was traded by insiders before it was listed on the platform thus hurting other investors. Part of the original complain that was filed in March is as follows: “Not that this is a surprise but some people were tipped off about the listing of Bitcoin Cash beforehand. Those insiders swamped GDAX and CoinBase creating sell orders and reducing liquidity while paying a fair price for the cryptocurrency. Unfortunately, this drove up the price of BCH for non-insiders to an unfair mark”. While dismissing the suit, the judge said: “The suit doesn’t have sufficient legal basis. It leaves a reader wondering what CoinBase would have done to roll out Bitcoin Cash more smoothly.” SEE ALSO: Bitcoin Cas..
U.S. crypto exchange Coinbase has been granted a motion to dismiss a lawsuit over alleged insider trading during its launch of BCH support. Major U.S. crypto wallet provider and exchange Coinbase has been granted a motion to dismiss a lawsuit over alleged insider trading during its launch of Bitcoin Cash (BCH) support last year, according to court documents published Oct. 23. U.S. District Judge Vince Chhabria from the Northern District Court of California found that plaintiff Arizona resident Jeffrey Berk had “not sufficiently articulate[d] the legal bases for his claims” in his complaint. The original class action had been filed against the exchange in March, with Berk representing all Coinbase customers who had allegedly “suffered monetary loss as a result” of the exchange’s “wrongdoing” in connection with its launch of BCH support during the period of Dec.19 - Dec. 21, 2017. Berk had alleged that Coinbase employees and other insiders had benefited from trading on the basis of non-..
Crypto exchange Coinbase has launched the USDC stablecoin, which is fully collateralized by U.S. dollars and available for trading. Major U.S. cryptocurrency exchange Coinbase has launched the USD Coin stablecoin (USDC), making it the first stablecoin for trade on the platform, according to an announcement published Oct. 23. The underlying technology behind USDC was developed collaboratively between Coinbase and blockchain-powered payments technology company Circle. Per the blog post, Coinbase customers in supported jurisdictions can now purchase, sell, send, and receive USDC at coinbase.com and the exchange’s iOS and Android apps. Coinbase notes in the statement that its U.S.-based customers outside the state of New York are able to buy and sell, while customers around the world can send and receive the coin. Coinbase states that USDC will be coming to Coinbase Pro in the coming weeks and is already supported on Coinbase Wallet, with more jurisdictions to become available in the futu..