Tag Archives: coinbase

Bitcoin Transaction Volume Hits Two-Year Low, Despite Rock-Bottom Fees

Bitcoin Transaction Volume Hits Two-Year Low, Despite Rock-Bottom Fees

Bitcoin’s sideways price action has led to the lowest number of confirmed transactions per day since March 2016, according to Blockchain.info. Data shows BTC transactions falling in line with downward trends in price since the all-time highs of December 2017. The number of transactions reached a two-year low on Feb. 26 with only 180,000 confirmed transactions, while Sunday, March 4 saw […]

Crypto Market In The Red Despite Bitcoin Transaction Fees Dropping, Dominance Rising

Crypto Market In The Red Despite Bitcoin Transaction Fees Dropping, Dominance Rising

While Bitcoin (BTC) dominance is up and Bitcoin transaction fees are down, the crypto market is seeing an overall downturn by press time, Wednesday, Feb. 21, with all of the top 30 coins on CoinMarketCap in the red. Bitcoin dominance, or BTC’s market cap as a share of the total market cap for all cryptocurrencies, is at a monthly […]

SegWit Finally Embraced by Coinbase and Bitfinex, Bright Future Ahead

SegWit Finally Embraced by Coinbase and Bitfinex, Bright Future Ahead

Today, Coinbase — cryptocurrency exchange, brokerage, wallet, and operator of GDAX — and Hong Kong-based exchange Bitfinex have announced the implementation of P2SH Segregated Witness (SegWit). As per the companies’ tweets, users will experience improved transaction processing times and lower fees across the Bitcoin network. Coinbase ✔@coinbase Our engineering team has finished testing of SegWit […]

Visa, Worldpay Take Blame For Duplicate Charges On Coinbase, Reverse Transactions

Visa, Worldpay Take Blame For Duplicate Charges On Coinbase, Reverse Transactions

Visa and payment processing company Worldpay issued a joint statement on the Coinbase blogtoday, Feb. 17, taking responsibility for charging Coinbase customers multiple times for the same transaction. Before admitting fault in the statement published by Coinbase today, Visa had at first shifted the blame back to Coinbase, telling the Financial Times on Feb. 16 that it had “not made any systems […]

Unconfirmed: Circle In Talks To Acquire Crypto Exchange Poloniex

Unconfirmed: Circle In Talks To Acquire Crypto Exchange Poloniex

According to an exclusive report on Blockchain technology blog Modern Consensus, Circle, a multi-currency money-sending app, is reportedly in the works to acquire Poloniex, a major US-based cryptocurrency exchange. Modern Consensus cited two unnamed sources that had information about the potential deal. However, when asked about the reported acquisition of Poloniex, Raj Date, a board member of Circle, told […]

Charlie Lee: Bullish on Bitcoin And Litecoin Long Term, Short Term Impossible To Predict

Charlie Lee: Bullish on Bitcoin And Litecoin Long Term, Short Term Impossible To Predict

Charlie Lee, the founder of Litecoin (LTC) and former Director of Engineering at Coinbase, has taken some bold steps recently in the crypto world. In December, Lee announced in a Reddit post that he had sold and donated all of his LTC, citing a conflict of interest. In January, Lee tweeted a proposal for a Litecoin soft fork that […]

Can Bitcoin Claw its Way Back to Being a Payment System?

Can Bitcoin Claw its Way Back to Being a Payment System?

The header of the Bitcoin white paper defines the digital currency as “A Peer-to-Peer Electronic Cash System.” However, a deeper look into what Bitcoin has become, and where it has come from, shows a very different picture. Users have flooded to the cryptomarket, usually through the gateway that is Bitcoin, for its possibilities as a store of value […]

Morgan Stanley Now Clearing Bitcoin Futures for Clients, Helping Institutions Gain Exposure

Morgan Stanley Now Clearing Bitcoin Futures for Clients, Helping Institutions Gain Exposure

Morgan Stanley is now clearing Bitcoin futures for their clients, meaning that Goldman Sachs is no longer the sole Wall Street firm doing so. Morgan Stanley joins Goldman Sachs, TD Ameritrade, E*Trade and others in clearing CME and Cboe Bitcoin futures. The reaction of the Bitcoin community has been divided over the creation of regulated Bitcoin futures, with some suggesting […]