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Felix Mollen

Articles by Felix Mollen

PayPal in Talks To Buy Crypto Storage Startup Curv for Around $500 Million, Reports

1 day ago

PayPal could be in talks to buy a cryptocurrency startup focused on providing security solutions for cryptocurrency custody.According to diferent reports, PayPal is interested in acquiring Curv, and the talks between the two companies’ teams are an open secret in the global tech scene – though perhaps no longer a secret considering how quickly it is spreading despite the cautious stance taken by both companies.Local sources argue that the cost of the deal would be in the range of $500 million. This amount would exceed the expectations of Curv’s development team, which hoped to rake in between $200 million and $300 million from the company’s sale.What is Curv and Why Does it Matter?Curv has developed an encryption technology based on multi-party computation that secures digital assets and

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American DJ 3LAU Sells The World’s First NFT Collection of a Music Album for $11.6 Million

5 days ago

Can you imagine having an album of your favorite artist, with a song made to your specifications and that only you could listen to it? How much would you pay for that privilege?The well-known American DJ 3LAU wanted to find out. His fans are willing to pay millions: Specifically, $3,666,666 for one song and over 11 Million collectively for an entire collection of digital art tokenized on the blockchain in the form of NFTs.Step Aside, Billboard!The auction for 3LAU’s Ultraviolet album successfully concluded with total proceeds of $11,684,101. It was possible thanks to the joint work between 3LAU and Origin Protocol, a platform focused on the development of marketplaces on the Ethereum blockchain as well as the development of IPFS technology.According to Origin Protocol, the auction was

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Binance CEO: Ethereum is For The Rich Guys, But Soon They’ll Be Poor

5 days ago

This is Binance Smart Chain’s time to shine, and the Binance CEO CZ knows it and is ready to take advantage of it.The increasing use of DeFi protocols, dApps, and applications built on top of Ethereum, has overloaded the network to the point where its fees are almost unsustainable. Several blockchains are vying to emerge as the new Ethereum killer, and CZ is rooting for BSC as the best option.CZ has been known to be a funny yet respectful guy when it comes to measuring his words. Still, his latest tweets have shown that the boundaries are more flexible when it comes to promoting Binance’s services.Binance vs EthereumIn a recent tweet, CZ attacked Ethereum, pointing out its Achilles heel: fees. For the man in front of Binance, only the wealthy can afford the fees to trade Ethereum:ETH is a

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Cardano (ADA) Beats BNB And Enters The Top 3 Of The World’s Largest Cryptocurrencies

6 days ago

The glory of conquering the title of the world’s third-largest cryptocurrency was short-lived for BNB, Binance’s native cryptocurrency, as a new rival dethroned it: Say hello to Prince Cardano!After a few weeks of spectacular price performance, ADA, the native cryptocurrency of the Cardano blockchain, managed to challenge the markets and raise its price during a bloodbath caused by bitcoin’s largest price drop in history, dethroning BNB in the process.Cardano (ADA) Is Laughing at the MarketsCurrently, ADA has a market cap of $39.6 billion, almost $4.5 billion more than BNB, which now has $35.1 billion at the time of writing.The Cardano ecosystem has much to celebrate. The cryptocurrency is up 18.76% in the last 24 hours and over 30% in the last week. The figures are in stark contrast to

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Square Bought $170 Million in Bitcoin and Grew $4750 Million Last Year

9 days ago

Electronic payment processing company Square has been getting heavily involved with Bitcoin and has quietly tripled its equity.On its Fourth Quarter and Full Year 2020 Results announcement this Thursday, the company owned by Jack Dorsey – who is also the CEO of Twitter – revealed that after its initial Bitcoin purchase, it kept on buying Bitcoins until it had 3,318 more BTC for a total of $170 million.The company does not disclose whether it was all in one transaction. Still, it is most likely that it involved several OTC trades at critical moments (e.g., during a downward correction) as MicroStrategy did.Square Reports Significant GrowthWith this purchase, the company holds about 5% of its total equity in Bitcoin, according to the information disclosed to investors and shared on a

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Bitcoin Sounds Like a Cult Supported by Magical Thinking, Says Barclays Wealth & Investments CIO

12 days ago

Although Bitcoin is performing remarkably well, it is not all praise in the market world.Take Will Hobbs —chief investment officer at Barclays Wealth & Investments— as an example. He is clearly not convinced that Bitcoin is all that its proponents claim.Speaking to Markets Insider, Hobbs said that his company’s investment strategy doesn’t involve taking any positions in Bitcoin for the time being. He asserts that its extreme volatility and poor fundamentals make it unattractive for his firm’s portfolio.“It is multiples more volatile than our most white-knuckle-ride asset class, which is emerging market equities,”Skeptic But Open MindedHobbs explained that although Bitcoin is not an attractive investment for the firm at the moment, there is no reason to rule out a turnaround in the future

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K-Pop Fans Are The Target Of a New Global, Well-Designed Crypto Scam

13 days ago

A new cryptocurrency scam involving some heavy social intelligence and media manipulation is brewing on Twitter, and the potential victims appear to be a bunch of K-pop fans.K-pop is a pop variant played by South Korean bands. The bands enjoy great popularity in Asia, but their fame is spreading to other continents thanks to the boom in internet streaming services.An investigation by the Economic Times revealed that an unidentified group had likely bought thousands of accounts or created a botnet to trick hardcore fans of the K-pop band BTS into participating in fake cryptocurrency giveaways.BTS posing during the Billboard Music Awards 2019. Image Wikimedia CommonsCrypto Scammers Want to Mess With BTS FansIt all started when a female tweeter in India complained that she was following a

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JP Morgan Considers Getting Involved With Bitcoin If Demand Keeps Growing

20 days ago

Investors want to get their hands on Bitcoin, and the big banks are already considering supporting the cryptocurrency so as not to be left behind.After a remarkable price recovery, Bitcoin seems to have stood the test of time, proving to naysayers that it is a reliable asset and an excellent store of value in the long term.Investors are taking note, and it seems that the constant pressures exerted by these groups on the banking sector are indeed yielding good results.JP Morgan:”We Will Have To Be Involved”According to information gathered by financial journalist Hugh Son, JP Morgan – the largest investment bank in the U.S. – may be throwing its weight around as it contemplates the possibility of supporting cryptocurrency operations if demand continues to increase.And judging by what

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MicroStrategy CEO Introduced Bitcoin to Over 6900 Enterprises on His Latest Event

26 days ago

Michael Saylor’s crusade to bring the Bitcoin gospel to as many entrepreneurs around the world as possible seems to be paying off, with thousands of people willing to listen to his message at various virtual conferences.And it seems his latest call was particularly successful. In a tweet dated February 6, the famous businessman revealed that more than 22,000 people registered for his “MicroStrategy World 2021” event. During this event, he discussed several topics related to Bitcoin, from legal and financial perspectives to his corporate strategy.Of these, he claimed that more than 8,000 attended his Bitcoin for Corporations program specifically. This means that 6,917 had an interest in listening to Saylor talk about the world’s largest cryptocurrency and its potential for the market.Our

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Decentralized Exchanges Exploded on January 2021, Registering a New ATH in Volume

28 days ago

The use of decentralized exchanges has been increasing over the years. With cryptocurrencies making their way into the business world, activity in this sector is skyrocketing.Unlike a centralized exchange, a DEX (Decentralized exchange) has no central entity responsible for its operation. Instead, traders rely on a smart contract and the whole platform runs on the blockchain —generally Ethereum.This makes them slower and inefficient, but traders gladly embrace this temporary issue because, among many perks, they don’t need to comply with KYC requirements and other regulations and norms beside what is written on the smart contract, token listings is easier, and yield farming makes them interesting.Decentralized Exchanges Are BoomingThe number of decentralized exchanges increased, and so did

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Miami’s Mayor Considering Paying Salaries and Accepting Taxes in Bitcoin

29 days ago

Miami’s Mayor Francis Xavier Suarez is ready to put his city in the spotlight of technology lovers and entrepreneurs and Bitcoin could be his new venture.Suarez recently told the press that as he sees it, Bitcoin could become the “biggest story of the next few years.” and according to a Forbes review, the use of Bitcoin as a means of payment for public employee salaries could be one of the steps to be taken on Suarez’s path to turning Miami into the next Silicon Valley.The Road to a Bitcoin-Friendly MiamiSuarez has been quite vocal about his expectations, but he recently stepped on the gas when it comes to supporting technological developments in his city. The mayor of Miami recently launched the “How can I help” campaign to raise funds to expand Miami’s tech industry.We are officially up

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Mark Cuban Says The HODL Ethos of Bitcoin Traders Helped Him Support r/WallStreetBets

February 3, 2021

The billionaire investor, Shark Tank personality, and Dallas Mavericks NBA team owner, Mark Cuban; took a few hours to share his knowledge in an AMA with members of the r/WallStreetBets subreddit. He touched on several topics, mostly relating to the collapse of the stock pumping movement and the blockchain industry’s potential.Mark Cuban may have several decades of Wall Street experience, but judging him for what he said on the AMA, he is currently standing on the side of the retail traders. He thanked the community for getting the movement going and assured them they could change the markets’ financial history.“Thanks for changing the game. Thanks for taking on Wall Street. Thanks for making kids around the country if not the world( including my son and daughter) (to get involved). WSB

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India Proposes Law To Prohibit All Private Cryptocurrencies

January 31, 2021

The Government of India seems to have resumed its efforts to ban cryptocurrencies after a lull in a political and legal battle.The latest move by politicians came this week when they revealed a bill that could put any activity related to cryptocurrencies in checkmate.If Cryptocurrencies Are Legal, a Law Can Make Them IllegalThe “Cryptocurrency and Regulation of Official Digital Currency Bill” seeks to ban private cryptocurrencies —possibly any token not issued by the state. Such a path could deal a severe blow to the country’s booming crypto industry.It is important to note that several cryptocurrency exchanges and other crypto-related businesses had gained legitimacy after a court ruling declared that cryptocurrencies were legal. The court also ordered the country’s Central Bank to

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Bitcoin is Almost Uninvestable, Says Barclays Private Bank Executive

January 21, 2021

Bitcoin made history these past few months. It broke its historical record, flirted with a 10x ROI in one year, its realized price also reached ATH, and it became the best performing asset of the decade.But is it a good investment overall? It all depends on the crystal you look at it with. For example, Gerald Moser, chief market strategist at Barclays Private Bank, thinks it’s not.Don’t Invest in BitcoinFor Moser, the price fluctuations associated with Bitcoin and other cryptocurrencies are so extreme that investing in them is not a good idea. The investor told Financial News:While it is nigh on impossible to forecast an expected return for bitcoin, its volatility makes the asset almost ‘uninvestable’ from a portfolio perspectiveMoser’s statements show that the typical Walls Street

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Over 31% of People in Latin America Want to Invest in Bitcoin

January 20, 2021

Despite being an underdeveloped region, Latin America sets an example for the whole world in terms of adoption, trading, and interest in cryptocurrencies.A recent survey revealed that more than 30% of Latinos are interested in investing in crypto, either to increase their wealth or at least to maintain its value in times of economic instability.The study, commissioned by Sherlock Communications, includes a survey of more than 2,200 people in Argentina, Brazil, Colombia, and Mexico to understand their attitudes towards cryptocurrencies and other digital assets.Latin America Lovsn Crypto… But First People Want to Understand ThemAccording to the shared results, between 31% and 39% of respondents in the four participating countries said they were “much more interested” in investing in Bitcoin

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The Good Ol’ Fake Crypto Giveaway Scam Still Generates Over $500K a Week, Report

January 16, 2021

It seems that the old crypto giveaway scams are not as old and outdated as we though. People are still falling in 2021, feeding the scammers with large amounts of money.As hard as it may seem, there are still plenty of people who think Elon Musk is going to give them money if they send him Bitcoin (Spoiler Alert: He won’t, no matter how rich he is), and the gambit has been revived in the last few days, attracting unwary people non-stop.Bleeping Computer and Metamask estimated that in about one week, scammers have received at least $587,000 from unsuspecting innocents using the old “send me X amount of crypto and I’ll double it” routine.The Good Ol’ Crypto Giveaway Scam is Still ProfitableIn recent weeks, there have been bots impersonating or replying to verified Twitter accounts. These

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Vitalik Buterin Promotes Social Recovery Wallets to Help Retrieving Funds After Losing The Private Keys

January 13, 2021

Despite the bloodshed of this Monday, cryptocurrencies are still arousing the interest of the mainstream audience, and Vitalik Biterin, the creator of Ethereum, is aware of the great responsibility involved in developing a product that could revolutionize the world of finance… Especially if it comes with the responsibility of becoming your own bank.In a blog post dated January 11th, Vitalik spoke about the importance of developing methods that allow users to recover their wallets’ private keys in case of emergency. This is currently impossible without the help of trusted third partiesWhat do do if you lost your keys. Image: Enjin WalletBut there may be a solution.What Are Social Recovery Wallets?Social recovery wallets work like any ordinary wallet, except that they add guardians to the

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Ripple CEO Talks About the XRP Lawsuit And Other Hot Topics

January 8, 2021

2021 has started off well for most of the crypto ecosystem, except for Ripple. The company is on the verge of one of the riskiest lawsuits in the history of the industry, and the pessimism surrounding its XRP token has led it into a downward spiral that is causing significant losses to those who still are enrolled in the XRP Army.Ripple has tried to tackle this situation in many possible ways, from investing in lobbies and external audits, to even contemplating a relocation. And even during the legal controversy, Ripple’s CEO has tried to settle with the SEC to avoid a lawsuit. However, his efforts have not been successful.The Fight Has Just BegunIn a Twitter thread, Brad Garlinghouse said that the company has tried to resolve the problem out of court. Although their efforts have been in

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5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

January 3, 2021

In yet another leg up, Bitcoin recorded a brand new all-time high just shy of $35,000. While this may have seemed surprising a few weeks back, at this point, most are somewhat used to it. The cryptocurrency is charting consecutive highs daily, and it shows no signs of slowing down.The spike may bring some 2017 flashbacks when Bitcoin was going up with no apparent limits, only to plummet nearly 70% the following year. And considering we’re already in a new year after a super bullish December of 2020, it’s normal for traders to be nervous.However, this rally is justified and differentiated from the boom of 2017. Here we briefly evaluate 5 possible reasons for the current rally.Big Players Are Joining InAfter the fear generated by the market collapse during the COVID-19 pandemic, the sudden

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Bitcoin Arrives At NFL: Carolina Panthers’ Russell Okung to Receive Half of His Salary in BTC

December 29, 2020

Carolina Panthers tackle Russell Okung is doubling up his Bitcoin game. The well-known Bitcoin evangelist announced that he would receive 50% of his total salary in Bitcoin.This makes Russell Okung the first NFL player to be paid with Bitcoin —or any crypto to be fair, giving BTC a further boost as it keeps making headlines in recent weeks with news of more adoption and interest from institutional investors.A $6.5 Million Touchdown for BTCThe initiative must be approved by both the NFL and the NFL Players Association, but everything seems to point to everything being ready to move forward. Okung himself confirmed the news on his social media.Russell Okung had expressed his interest in accepting Bitcoin as payment back in 2019; however, there was nothing official during that year. Today,

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DeFi Token 1inch Spikes 1000% in Christmas After Binance Listing

December 26, 2020

Yield farmers and DeFi token aficionados certainly had a merry Christmas thanks to 1inch, a relatively young and unknown token that in a matter of hours surpassed many other cryptocurrencies’ performance in the top 100 of cryptocurrencies with the largest market capitalization.1inch is a decentralized exchange aggregator that sources liquidity from various exchanges, making it possible to use its smart contract to spread a single transaction across multiple decentralized exchanges.The protocol is governed by a DAO. 1inch has been in development since 2019 and has received funding from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures, and Divergence Ventures.Still, it wasn’t until Christmas of 2020 that it started to ring the

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Stablecoins Need More Supervision and May Be Securities, Presidential Advisory Group Says

December 24, 2020

After shocking the crypto-verse with what is possibly the most ambitious lawsuit in the history of the U.S. crypto industry (accusing Ripple of issuing unregistered securities for more than $1.3 Billion), today the country’s regulators issued a major statement regarding how they foresee the future of stablecoins and, spoiler alert, the landscape looks heavily regulated.On December 23, 2020, The President’s Working Group on Financial Markets released a statement on critical regulatory issues relevant to the stablecoin industry. According to the taskforce, a clear set of rules needs to be created to ensure that a potential mass adoption of stablecoins does not undermine government interests.The document has only 4 sheets but is quite broad content-wise, touching on points that range from the

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XRP Price Crashes as SEC Prepares to Sue Ripple

December 22, 2020

The moment has come. Apparently, the SEC is ready to sue Ripple for issuing XRP as a non-registered security.After several years of uncertainty, it seems that U.S. regulators would be willing to answer once and for all the most crucial question that any member of the XRP Army has ever asked. Is XRP a security?According to Fortune, the American company received a notice on Monday that it would be sued by the SEC. Brad Garlinghouse, Ripple’s CEO, did not deny the news and, in fact, spoke out on his Twitter account, claiming that the move undermined American innovation.What’s Going on With Ripple, XRP and the SECThe SEC has already ruled on Bitcoin and Ethereum, assuring that neither are securities. This gives some freedom to the exchanges and users to operate with them.However, speculation

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Bitcoin Fees Spike Almost 5X in One Week as BTC Reaches ATH

December 19, 2020

Happy about the increase in the price of Bitcoin? Share some of your wealth with the miners. Bitcoin’s transaction fees are rising at a frantic pace, following the bull run and the general optimism in the crypto markets.During the last week, Bitcoin’s prices spiked significantly, breaking the previous ATH and hovering above $23100. But transaction fees rose almost in line with Bitcoin’s prices.The price of Bitcoin during 2020. Image: CoingeckoBitcoin Fees Follow The PriceIn a matter of about 5 days, the average transaction fee for Bitcoin hodlers went from $2.71 on Dec. 13, 2020, to $11.9 on Dec. 18, representing a 439% increase. In other words, each day of the week, the average Bitcoin transaction was almost 90% more expensive than the day before.Average Bitcoin fee during december of

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Pornhub Now Only Accepts Bitcoin and Crypto for its Premium Membership

December 15, 2020

If you don’t have anything better to do during the holidays, and you’ve thought about wandering around the beautiful grounds of porn sites, you might want to become a bitcoiner.Recently, Visa and Mastercard —the two leading credit card companies in the world— revoked support for payment to Pornhub, after an investigation by The New York Times revealed that the website was being used as a kind of underground repository for videos of non-consensual, violent sex and even child pornography.The magnitude of the investigation not only put the company’s financial stability in jeopardy in the short term but also changed the face of the porn industry, at least in the present: Searches for “non-mainstream” content such as incest, choking, feet, etc., are now more restricted than ever (in Pornhub and

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Grayscale Purchases More Than $74 Million for its Ethereum Trust

December 13, 2020

The world wants crypto and Grayscale knows it. After announcing a massive purchase of over $280 Million in Bitcoin last week, Grayscale is now also betting on Ethereum.According to a report issued by Grayscale to the SEC, the company revealed having purchased 11455 ETH for a total of $74,135,609. The decision follows a terrific year for Ethereum, with the rise of DeFi projects and the launch of Ethereum 2.0 as the leading reasons behind the price rally of its native token, ETH.Genesis Trading, a US-regulated OTC crypto trading desk founded in 2013, acted as an intermediary to facilitate the token purchase.Since the sales reported on the most recently filed Current Report on Form 8-K by Grayscale Ethereum Trust (ETH) (the “Trust”), the Trust issued 1,416,300 Shares at varying prices … in

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Binance Smart Chain Now Supports Chainlink —With 0 Dependencies on Ethereum

December 11, 2020

Chainlink has just received another endorsement —this time on behalf of the largest cryptocurrency exchange in the ecosystem: BinanceBinance announced the successful integration between the decentralized oracle platform Chainlink and its smart contract blockchain, Binance Smart Chain.The integration is on a root level; that is, the Oracles would need no support for the Ethereum network since they would be running directly on the Binance Smart Chain. This constitutes a significant advance in the development of the young Smart Chain while contributing to expanding Chainlink’s reach as a fully functioning ecosystem.Binance and Chainlink: a Good Decentralized SymbiosisThe announcement was published directly on the official Binance website. The exchange team assures that now, all the smart

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Bitcoin Plunges $900 In Hours: Global Market Cap Losses $35 Billions

December 9, 2020

December 8 was a bad day for Bitcoin. The world’s largest cryptocurrency in terms of market cap broke down, losing all the profits it had gained since November 29, 2020.Over the past few days, the $19,000 line became a kind of war zone, with bitcoin going up and down that price with no clear dominance of bulls or bears.However, things changed on December 8, 2020. At 6 am UTC, BTC had a quick dip from $19,299 to $18,798 in just 3 hours, with a low of $18,680. BTC was unable to recover from the fall-out for the rest of the day, although it did manage to remain stable during the next hours.But the bears were barely resting, and at 22:00 UTC, they delivered their final blow, dumping the price from $18,771 all the way down to $18,340 in less than one hour. The next two hours brought the price

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MicroStrategy Wants to Offer $400 Million in Convertible Notes to Buy More Bitcoin

December 8, 2020

MicroStrategy is hodling A LOT of Bitcoin, and it’s coming for more. The corporation just revealed that it’s looking for financing to acquire an additional stash of Bitcoin.The company shared the information in an official announcement on its website on December 7, 2020. According to the Press Release, MicroStrategy would be contemplating a $400 million private offering in convertible senior notes, with the idea of increasing its Bitcoin reserves:MicroStrategy intends to invest the net proceeds from the sale of the notes in bitcoin in accordance with its Treasury Reserve Policy pending the identification of working capital needs and other general corporate purposes.MicroStrategy is Looking For Ways to Get More BitcoinConvertible notes are promissory notes that, besides representing debt,

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Coinbase Will Let You Stake and Trade Ethereum 2.0 Tokens

December 1, 2020

Just hours before the launch of Ethereum 2.0, Coinbase, America’s leading cryptocurrency exchange, decided to give a warm welcome to the evolution of the world’s largest blockchain after Bitcoin.Now, traders and hodlers waiting for the ETH2 upgrade had confirmation from Coinbase that the exchange would enable an ETH2 currency staking service. Of course, being a non-contentious upgrade, Coinbase also guarantees the trading of these new tokens.Stake —and trade— ETH2 in CoinbaseThe Coinbase team also confirmed the future interoperability between the ETH and ETH2 tokens, so users will be able to trade both at will. However, it is essential to highlight that in case they have decided to stake their coins in the Ethereum 2.0 smart contract, the funds will be blocked for a still undefined

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