Coinbase has just added full support for Bitcoin Cash (BCH) – meaning you can now send, receive, buy and sell the cryptocurrency. All users will also be credited an amount of Bitcoin Cash equal to their Bitcoin balance during the hard fork that occurred August 1st, 2017. Bitcoin Cash trading will also be available on GDAX, Coinbase’s institutional-focused exchange. Update: As of… Read More
Category: Coinbase
Facebook Messaging VP David Marcus joins Coinbase board
Coinbase is growing up fast — or at least trying to. As an emblem of its current effort to accommodate the massive demand on its platform, the mainstream U.S. cryptocurrency exchange just added Facebook Vice President of Messaging Products David Marcus to its board of directors. Coinbase announced the news in a post on Medium. Thrilled to join the @Coinbase Board! Looking fwd to doing… Read More
Even Coinbase thinks you should maybe chill for a goddamn minute on Bitcoin
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Bitcoin. It’s pretty great, amirite? But, ya know, could you maybe just chill the fuck out on it for a single goddamn second?
I mean, jeez, this rocket ship is on a one-way trip to the cryptocurrency moon — that much we know for sure — but, what if, and just bear with me here for a second ’cause this is gonna sound crazy, what if it’s not?
SEE ALSO: Bitcoin is a victim of its own success
Sure, Bitcoin is hitting record highs seemingly every day now, and if there’s one thing spending BTC at dark-web marketplaces has taught me it’s that monumental highs feel like they’ll last forever. But perhaps it’s time to cut our unbridled exuberance with some downers. Read more…
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View More Even Coinbase thinks you should maybe chill for a goddamn minute on BitcoinCoinbase CEO: ‘Please invest responsibly’
In a Medium post, the CEO of Coinbase, one of the most popular cryptocurrency exchanges out there, is urging users to be responsible about their investments. “We also wanted to remind customers of some of the risks associated with trading digital currency,” CEO Brian Armstrong wrote. “Digital currencies are volatile and the prices can go up and down.” Read More
Coinbase hits top spot on Apple’s US App Store despite struggling to handle bitcoin demand
Ignoring recent price rises for a second, if you can — there’s no greater sign of bitcoin fever than an app that lets you buy the cryptocurrency becoming the most downloaded app in the App Store. That’s exactly what happened on Thursday when Coinbase, the $1.6-billion-valued company behind what is arguably the world’s best-known exchange for converting fiat into… Read More
Coinbase ordered to hand over the private data of thousands of users
Most cryptocurrencies are pseudonymous, but some users of the digital exchange Coinbase are about to have their identities blown wide open thanks to the Tax Man.
A federal court Wednesday ruled that San Francisco-based Coinbase must turn over i…
Coinbase ordered to give the IRS data on users trading more than $20,000
Most digital currencies exist in a sort of twilight state just beyond the grasp of federal regulators, but the U.S. tax authority is starting to get savvy to this whole bitcoin thing. On Wednesday, a federal judge in San Francisco ruled that Coin…
View More Coinbase ordered to give the IRS data on users trading more than $20,000Coinbase’s Custody service wants to store bitcoin for institutional investors
Safely investing in and storing digital currency isn’t exactly easy, especially if you’re a large institutional firm. So to help Coinbase just announced that they’re launching a service called Coinbase Custody, which will securely hold digital assets for institutional investors. The service will only be available to funds willing to store $10M or more of digital currency… Read More
IRS targets Coinbase users in an attempt to thwart tax fraud
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The Internal Revenue Service is heading to court today with the goal of forcing Coinbase, a U.S. cryptocurrency exchange, to hand over data on a host of its users. Why? According to the government agency, all is not right in the land of blockchains — and it’s past time the company play ball.
The beef spans back to 2016, reports Bloomberg, when the IRS requested data on the service’s users claiming that an unspecified number failed to properly report their holdings for tax purposesCoinbase, for its part, called the summons overly broad and refused to comply.
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