Tag Archives: coinbase

Boston-based mutual fund behemoth Fidelity, that has incorporated more than $2.8 trillion in assets, has finally won its license from the New York State Department of Financial Services, the company confirmed on Tuesday.Actually it’s the subsidiary of this giant, called Fidelity Digital that has been opting for the license since July this year. The license will enable it to work with New York companies by offering them custody services and cryptocurrency trading.The company said in the blog...

Universal Protocol Alliance, a blockchain collective including Cred, Bittrex Global, Uphold, Blockchain at Berkeley, CertiK and OmiseGO, has announced the launch of the industry’s first “mega-utility” token, a digital asset that can be used throughout the cryptosphere.The token will launch on Bitcoin.com Exchange before being deployed by stakeholders across multiple verticals, from trading to lending. The news has been hailed as evidence of a concerted effort to unseat the crypto monopolies...

Current fundamentals show that the majority of crypto-currencies move widely in a range, extending their lateral trade, without showing any significant gain in the short term.The total market capitalization of cryptocurrency currently stands at about $ 238 billion, while Bitcoin accounts for about 65.8% of the total value and, in terms of market capitalization,  XRP is the third-largest coin and is not excluded from the recent downward trend, the crypto saves price of $ 0.270 per piece,...

In what has been seen by many in the crypto space as a massive disappointment, Ripple Labs’ XRP token has fallen 16% to new lows since the swell event which held earlier this month in the Island Nation of Singapore. The token which has been seen by many to be one of the most innovative in the cryptocurrency basket has filed to meet the expectations for many factors some of which can be directly traced to actions by the parent company.Firstly, the burning of 55 billion Stellar Lumens (XLM) by...

It is no secret that cryptocurrency is been used more and more around the world as both an investment tool but also for everyday use and this is being facilitated by many merchants around the globe who are starting to accept cryptocurrency as a form of payment for their goods and services and also the many platforms that are facilitating the easy spending of cryptocurrency. One of these is the Visa debit card by Coinbase that allows customers to spend the cryptocurrency out of their Coinbase...

Coinbase CEO Brian Armstrong has been honored by Time magazine in the inaugural TIME 100 Next list. Four crypto and blockchain startups appeared in the 2019 CNBC Upstart 100. Startups featured on the CNBC list must have raised $50 million or less in VC funding. This has been a good week for individuals and startups in the crypto and blockchain space. Within a span of hours, players in the sector have been recognized by two mainstream media organizations – CNBC and Time magazine – over their...

Decentralized finance’s (DeFi) meteoric rise has been accompanied by a slew of advances in financial technology, sparking a wave of P2P lending protocols and liquidity pools. The increasing competition of borrowing/lending, stablecoins, derivatives, and even cross-chain CDPs mark a new era in fintech innovation and have bred some intriguing externalities. Many DeFi lending protocols offer interest rates that are significantly more appealing than rates offered by banks and low-risk fixed...

One of the biggest crypto exchanges Coinbase has arrived with a surprise decision for its customers. For the first time, Coinbase customers in the U.S. can earn rewards just for holding the Tezos cryptocurrency.Dubbed as the staking reward, Coinbase said that it would be staking the Tezon (XTZ) tokens on behalf of its customers thereby distributing the rewards directly to their Coinbase account.Cryptocurrency staking is the process that allows a crypto holder to earn income by participating...

Coinbase starts offering staking rewards on Tezos. XTZ surges over 50 percent after the announcement. Tezos could be preparing for a significant price move based on many technical indicators. Tezos skyrocketed over 50 percent in the last 24 hours. The sudden increase in prices took place after Coinbase announced that it would be offering staking rewards on this cryptocurrency. Now, several technical indicators show that XTZ could be bound for a higher impulse. Staking Rewards Staking is the...

One of the more popular cryptocurrencies, Tezos, has skyrocketed by more than 70% in the past 24 hours. The movement came shortly after it was announced that the largest US-based cryptocurrency exchange, Coinbase, will allow Tezos to be staked on their platform and users would receive rewards for it.Tezos Staking Rewards On CoinbaseAccording to an official announcement from Coinbase, users will be able to stake Tezos (XTZ) on their platform and receive rewards for it.Staking is not new to...