Coinbase Custody Lists Heavyweight DeFi Token mStable

Coinbase Custody has enabled deposits and withdrawals for mStable’s MTA token. It is the fourth project to earn a listing this year. Previously, Coinbase added DeFi tokens BarnBridge, Rally, and Ankr. Coinbase Custody Now Supports mStable mStable is a collection of autonomous, decentralized, and non-custodial smart contracts built on Ethereum. It was created to solve the issues faced by stablecoins users. MTA is the governance token of mStable’s platform. Users can stake their tokens to govern the protocol and yield farm the MTA token using the Save or Earn features…

Coinbase Custody Lists DeFi Project Ankr

Coinbase Custody has enabled deposits and withdrawals for Ankr’s ANKR token. It is the third project to get listed on the platform in 2021. Previously, DeFi tokens BarnBridge and Rally got added. Ankr Lands Coinbase Listing Ankr wants to create a decentralized cloud computing system. The traditional mainstream competitors include Amazon Web Services and Microsoft’s Azure, among other vendors that offer cloud computing services. The Coinbase Custody listing will likely raise the profile of the project. The project uses the Proof of Useful Work (PoUW) consensus algorithm. Instead of spending…

Why did Bitcoin fall below $33K? Coinbase whales might have the answer

Bitcoin (BTC) slid under $33,000 for the first time in over a week on Jan. 21 as selling pressure gathered to drive price action lower. Coinbase Premium abruptly drops Data from Cointelegraph Markets and TradingView showed BTC/USD continuing its downtrend on Thursday, dropping 7.% on the day and failing to bounce off $33,000 support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView The latest move, which brings Bitcoin down over 13% versus its highs from Tuesday, came amid increased selling at Coinbase Pro, the professional trading arm of United States cryptocurrency exchange…

Coinbase Custody Lists Second DeFi Token of 2021

Coinbase Custody has enabled deposits and withdrawals for Rally’s RLY token. Amid the latest wave of political censorship, Rally is taking on larger technology companies and aid independent content creators in monetizing their work. Coinbase Rallies Creators Rally joins Coinbase’s custodian service. It is the second project to get listed on the platform in 2021, the first being BarnBridge. Coinbase Custody offers institutional investors the ability to store their crypto-assets safely. RLY is a governance token that can be used to vote on community proposals and make transactions on the…

Coinbase buying spree continues with the acquisition of Bison Trails

Coinbase, the U.S.-based cryptocurrency exchange, has made another strategic acquisition — this time in the critical field of blockchain infrastructure.  The company announced Tuesday that it had acquired Bison Trails, a fully managed blockchain infrastructure provider, in a deal that provides a “foundational element” within its growing ecosystem of products. Coinbase said: “By joining forces, we aim to bring the advanced technology that the Bison Trails team has developed — and continues to develop — to more projects and more companies around the world.” Bison Trails will continue to operate…

Coinbase users can now report their crypto taxes using CoinTracker

With just three months until the deadline for United States citizens to declare their crypto gains and losses to the Internal Revenue Service, Coinbase is partnering with portfolio tracking and tax calculating platform CoinTracker to make the process simpler. According to CoinTracker, it’s an easy way for Coinbase users to report their crypto transactions and sales. Targeted at U.S. users, CoinTracker will calculate and fill out the specific forms — for example, Form 8949 and Schedule D — to declare capital gains, losses and assets on income tax returns. It…

Coinbase Creates Open-Door Policy for New Listings

Key Takeaways Coinbase has launched Asset Hub, a service aimed at projects that are seeking an exchange listing. The service makes it easier for projects to request a listing and monitor the status of their request. End users can watch for new coin listings through Coinbase’s blog. Share this article Coinbase has created a new system called Asset Hub that will make it easier for crypto projects to earn a listing on the exchange. Asset Hub Streamlines Submissions According to the announcement, Asset Hub allows projects to request a listing…

Coinbase opens the door to more crypto listings with Asset Hub

Coinbase, the San Francisco-based cryptocurrency exchange, has announced a new platform designed to help issuers list their assets more efficiently — and, possibly, without having to go through the cumbersome listing process currently employed by the firm.  Coinbase Asset Hub is a “simple, streamlined product for issuers to list their assets and business” with the exchange, said Surojit Chatterjee, Coinbase’s CTO. “The goal is a single interface at Coinbase for digital asset issuers to manage the full lifecycle of their assets,” he said. The platform, which was introduced on Thursday,…

Coinbase invests in US-based mining firm amid industry diversification efforts

Coinbase Ventures, the investment arm of the major crypto exchange, has invested an undisclosed amount into Titan, a developer of software and services targeted at industrial Bitcoin (BTC) mining. According to Titan’s announcement, the investment will help continue development of the company’s products and improve efficiency and profitability of Bitcoin mining companies. Ryan Condron, co-founder and CEO of Titan, said that “mining has advanced from hobby, to industry, to critical global computing infrastructure, and Titan is prepared to help world-class miners meet these challenges.” Titan offers advanced pool and mining…

Former Coinbase compliance exec joins BitGo as new CCO

BitGo, a major digital asset custody and security company, has hired a former compliance executive of Coinbase. Jeff Horowitz, Coinbase’s former chief compliance officer, is joining BitGo as its new chief compliance officer, the firm announced Jan. 13. Horowitz joins BitGo after serving the same role at Coinbase since July 2018. The new exec will be replacing BitGo’s former CCO Matt Parrella and will oversee the company’s compliance and Anti-Money Laundering programs to ensure compliance and regulatory requirements. Horowitz told Cointelegraph that one of the biggest compliance challenges in serving…