Coinbase

According to Coinbase’s CEO, Brian Armstrong, in an article, some of the nascent cryptocurrency assets are ready to challenge the traditional financial system with a feature that has been falsely attributed to Bitcoin. The article for Project Syndicate discussed the potency and concerns regarding privacy coins, featuring protocols meant to make transactions untraceable. When it comes to Bitcoin blockchain, it leaves a digital trail of transactions, as against what people think. Armstrong said that although privacy coins such as Zcash and Monero…

Coinbase stated that it witnessed a tidal wave of deposits in the 48 hours after Bitcoin’s plunge on the 12th of March 2020. The crypto exchange saw its highest Bitcoin buying numbers in the last one year. Coinbase posted a recovery from its drop to $3800 with bullish sentiment presenting before Bitcoin reached $7800, which may contribute to a further upward push, after the block reward halving coming in the short term. Reports reveal that retail Bitcoin purchasing on Coinbase…

An announcement on March 17th stated that Coinbase card users can now add it directly to their Google Pay wallets. The exchange's card is a Visa debit card funded with crypto, enabling users to spend directly from their Coinbase accounts. Google Pay gives the exchange's card customers a fast, secure way to buy items using their smartphones. Additionally, the Google Pay app enables Android users to purchase things using their crypto balance in the safest way possible. Coinbase claims to…

BTC traders on Coinbase will soon enjoy lower transaction fees thanks to the exchange's adoption of Bitcoin Transaction Batching. The firm announced the launch of the feature on  March 12th. In a blog post confirming the same, Coinbase states that the new feature will significantly lower the load on the Bitcoin blockchain. Additionally, it can save the exchange's users more than 50% in network fees. Reduced Network Fees on Coinbase In a departure from the norm, Coinbase will now bundle…

Coinbase recently tested Clearview, AI facial recognition technology, according to the BuzzFeed News report. However, the exchange refuted claims that it used customer data for the test. Coinbase has over 20 million views every month and more than 30 million total accounts. The firm started scrutinizing Clearview following a New York Times article that shows its database of more than three billion images, scraped from various websites and social media platforms. Challenges Facing Clearview AI Recognition Facebook, Google, and Twitter…

On February 25, a blog post revealed that the Coinbase wallet began supporting short crypto names that are easily memorable.  The Coinbase Wallet is quite different from Coinbase's main wallet in that in the designation; it allows users to take control of their funds. Moreover, it will enable users to access other decentralized applications (DApps).  Currently, it's tough to complete a transaction since one needs a long Alphanumeric string full of characters to send. Often, users need to copy and…

Progressively, Bitcoin and altcoins are slowly garnering attention from more crypto investors worldwide. Is it because cryptocurrencies have proven themselves to be a haven? Maybe people have started to appreciate the perks of blockchain technology, which is against the government's inflationary strategies.  In that rationale, since cryptocurrency first appeared, many exchange platforms have sprung up to facilitate transfers of digital tokens. However, although they offer similar services, crypto exchanges differ in terms of the level of privacy and security they…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $233 billion. Bitcoin price drops under the $9,000 mark. Ethereum continues hovers over the $180 threshold after dropping value points again. Ripple loses the Swell effect and embarks on a disappointing downtrend that sees it end the week at $0.26 days. Hackers steal more than $500,000 worth of cryptocurrency from Vietnamese exchange VinDAX. Crypto Trends…

A Multisignature wallet (or Multisig wallet) is one where you need control over multiple private keys to spend from that wallet. That is, each address in the wallet has numerous private keys behind it. The idea with multi-sig wallets is that multiple people can cooperatively control the funds in the wallet. Alternatively, the wallet can require approval from various devices owned by the same person, i.e., a form of second-factor authentication. According to bitcoin.com, “Multi-signatures can also be used for redundancy to…