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Zcash is getting delisted by Coinbase, but only in the UK leading to some speculation about the nature of the move. United Kingdom-based customers of Coinbase are reportedly being informed that the exchange will be dropping support for the privacy-focussed Zcash as of Aug. 26, 2019. The same does not appear to apply to United States or European Union customers, however, prompting speculation on the reasoning behind the move. Convert, send, or be liquidatedThe communication being sent to customers gives a number of options on how to proceed. Option one, any Zcash held on Coinbase can be converted into any other cryptocurrency on the exchange. Option two, simply send the Zcash to an external wallet or another exchange. Failing either of these options being carried out, any Zcash still held on the exchange by the Aug. 26 deadline will be liquidated into GBP. The ZEC wallet will then be removed from the Coinbase account. Zcash still useable in the U.K.The developer of Zcash, Electric Coin..
The professional trading arm of Coinbase is scheduled to begin listing Algorand, a cryptocurrency developed by an MIT professor. Major cryptocurrency platform Coinbase is adding the Algorand protocol’s eponymous token to its professional-targeted trading platform Coinbase Pro on Aug. 14. Coinbase announced this latest addition in an official blog post on Aug. 9. The cryptocurrency exchange will scale up to full Algorand (ALGO) trading in four steps: transfer-only, post-only, limit-only and full trading. The announcement also recalls some other common procedures for adding a new token to its platform, which include announcing the onboarding phases as they occur on Twitter and that they will provide immediate support for Algorand in every supported jurisdiction with the exception of New York. As per the announcement, Algorand is a cryptocurrency that aims to solve some common issues — decentralization, scalability and security — within current blockchain infrastructure. Algorand report..
The security team at cryptocurrency exchange Coinbase has revealed how it countered a sophisticated phishing attack aiming to exfiltrate private keys and passwords. The security team at cryptocurrency exchange Coinbase has revealed how it countered a sophisticated phishing attack aiming to exfiltrate private keys and passwords. In a blog post published on Aug. 8, the exchange outlined its discovery and reporting of the incident, which involved the exploitation of two 0-day vulnerabilities on Mozilla’s web browser Firefox. A “highly-targeted and thought-out” attackThe first steps of the phishing scam, Coinbase reveals, date back to late May of this year, when over a dozen exchange employees received an email from an innocuous-seeming University of Cambridge “Research Grants Administrator.” Coming from a legitimate Cambridge academic domain, the email — and similar subsequent emails — passed security filters undetected. The emails’ tactics changed, however, by mid-June: this time, the ..
Following listing earlier this week on Coinbase Pro, Tezos is now available on Coinbase. Major cryptocurrency exchange Coinbase has announced that it is now supporting Tezos (XTZ) trading on its site, as well as on Android and iOS versions of the Coinbase app. Expanded Coinbase Pro listingCoinbase announced the new development in an official blog post on August 8. The news comes just days after Coinbase Pro launched XTZ trading on August 5. That announcement prompted a major rally in XTZ’s price at the time. According to CoinMarketCap, Tezos’s price has increased by 11.9% on the day as of press time, which may be a function of this new announcement. Chart courtesy of CoinMarketCap Per the announcement, Coinbase customers will be able to buy, sell, convert, send, receive, or store XTZ freely, with the exception of customers based in New York State, which has proven to be a major site of crypto litigation. Earlier today, Coinbase Custory announced that they had added two new board m..
Coinbase Custody Trust Company has appointed Richard Neiman and Robert Easton to its Board of Directors, who previously held various leadership positions in the New York State financial regulatory system. Coinbase Custody Trust Company has appointed two new members, previously of the New York State Banking Department and the New York Department of Financial Services, to its Board of Directors. Welcoming banking regulatory veteransPer a blog post published on Aug. 8, New York banking regulatory experts Richard Neiman and Robert Easton will now be a part of Coinbase Custody’s Board of Directors. The company claims Neiman and Easton to be particularly important for its further development as Coinbase Custody is regulated by the New York Department of Financial Services (NYDFS). Prior to joining Coinbase Custody, Neiman held positions as superintendent of the New York State Banking Department, president of TD Bank USA, vice chairman of PwC’s global financial regulatory practice, and is cu..
Negligence over the botched 2017 launch presents a way forward, Vince Chhabria says, but fraud allegations are lacking. Cryptocurrency exchange Coinbase did not act fraudulently during its botched launch of Bitcoin Cash (BCH), a United States judge has ruled. Coinbase accused of insider trading BCH listingIn a court order issued on Aug. 6, U.S. District Judge Vince Chhabria of the Northern District of California (San Francisco) threw out claims by traders that Coinbase committed fraud by halting trading after two minutes. The move is the latest in a protracted lawsuit brought by trader Jeffery Berk over the events, which occurred in December 2017. At the time, BCH was only four months old and still being added to major exchanges. Coinbase initially added the altcoin to its platform, but doing so produced a spike in its price, while a subsequent decision to close trading left users unable to sell at higher prices. Following the debacle, Coinbase was widely accused of insider trading, ..
Coinbase says it is working on support for eight new cryptocurrencies, and ultimately aims to support many more. Major crypto platform Coinbase announced today that it is exploring support for eight new digital assets. The expansion is part of a larger agenda by the exchange to give customers access to 90% of the aggregate market capitalization of all digital assets. Coinbase announced its plans in an official blog post on Aug. 5. As part of the announcement, Coinbase noted that they may roll out public-facing APIs and show other indications of engineering work during the exploratory phase. Per the announcement, the exchange is currently exploring support for Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic (MATIC), Harmony (ONE), Ontology (ONT) and Waves (WAVES). According to data from Coin360, Dash and Cosmos are currently the 15th and 20th largest cryptocurrencies by market cap, respectively. The announcement also contains a number of disclaimers, including the stip..
Tezos is rallying due to recent news about its Coinbase Pro listing, while top coins are seeing slight gains on the day. Tuesday, July 30 — Top cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and XRP are all trading slightly up at press time. Market visualization. Source: Coin360 Bitcoin has been trading between $9,000 and $10,000 this week, and was showing little action on the day. At press time the coin i sup 2.37% to trade at $9,652. Squawk Box co-host Joe Kernen predicted on July 29 that Bitcoin could hit $55,000 by the next halving of its mining rewards, which is projected to occur in May 2020. Bitcoin 7-day price chart. Source: Coin360 Top altcoin Ether has had a steady week and is trading around $212 at press time, up 2.26% on the day. On it’s weekly chart, the coin is up 1.63% Last week, institutional cryptocurrency exchange San Francisco Open Exchange (SFOX) suggested that Ether may not be an altcoin. SOFX reasoned its assertion by noting that Ether’s correlation to Bitcoin..
Coinbase vice-president of engineering Tim Wagner is reportedly stepping down from his position at the trading platform. Tim Wagner, the vice president of engineering at major cryptocurrency platform Coinbase, is reportedly leaving the company. Wagner will purportedly leave Coinbase within the next two weeks, according to a report by CoinDesk on July 30. An unnamed spokesperson for the company is said to have confirmed Wagner’s departure with the news outlet. At press time, Tim Wagner is currently still listed as VP Engineering at Coinbase on LinkedIn profile. Previous roles at Microsoft and AmazonAs previously reported by Cointelegraph, Coinbase initially hired Wagner last August. Wagner previously worked for Amazon Web Services (AWS) and Microsoft before joining Coinbase. At Microsoft, Wagner worked as the director of development for Microsoft’s Visual Studio Ultimate. At Amazon, Wagner held a number of positions including general manager for multiple products, including AWS Lambda..
Coinbase has announced support for the cryptocurrency Tezos on its Coinbase Pro platform starting in August. Major cryptocurrency platform Coinbase is onboarding the cryptocurrency Tezos (XTZ) to its professional trading platform, Coinbase Pro. As per an official announcement, Coinbase Pro will open up inbound XTZ transfers on August 5. As the company has done in the past, Coinbase Pro will ramp up to full XTZ trading in four steps: (1) transfer-only, (2) post-only, (3) limit-only, and finally (4) full trading. Additionally, the exchange will document the on-boarding steps on Twitter. All jurisdictions are stated to receive immediate support for the new offering, with the exception of New York State. The company also notes that Tezos is not available on its main website, Coinbase.com, or its mobile apps. The Tezos platformIn addition to its cryptocurrency XTZ, Tezos has a platform for crypto-ledgering, which uses smart contracts and Proof of Stake voting. As reported by Cointelegraph..