As Bitcoin (BTC) and the cryptocurrency market at large experience a major downturn, people turn to stablecoins in an attempt to preserve their capital. Some stablecoins have grown more than others, however. Stablecoin marketcaps are generally expected to increase after a major cryptocurrency market downturn. However, this is not what happened for most stablecoins during the past week. According to data from Coin360, Bitcoin has fallen from a height of nearly $8,000, down to under $4,000 between March 12 to March 13. Bitcoin 7-day price chart. Source: Coin360 USDC market cap sees major growth Jeremy Allaire, the co-founder and CEO …
San Francisco-based crypto exchange and wallet provider Coinbase has announced the support for Telegram and 16 additional digital assets. Coinbase adds support for 17 digital assets On Sept. 19, cryptocurrency exchange Coinbase announced that it is considering the addition of a range of new assets; namely, Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram. Coinbase added that it intends to explore assets that have not yet launched and which Coinbase may choose to support in the future. Telegram, for example, recently released its Telegram Open Network (TON) testnet explorer and …
Major United States-based cryptocurrency exchange and wallet service Coinbase has added support for EOS, according to a press release on May 30. The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time. The announcement also notes that there are no transaction fees associated with EOS; the cost is instead paid in computing resources, such as a tax on RAM, CPUs, or network bandwidth. Users that run the network also earn EOS by contributing to the computational power needed to run transactions. …
American major cryptocurrency exchange Coinbase has added support for Dogecoin (DOGE) to its crypto wallet service Coinbase Wallet, according to an announcement published on May 1. The announcement states that users can now store DOGE directly in the Coinbase Wallet app. The coin thus joined other digital currencies — bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), ethereum classic (ETC), Ripple (XRP), Stellar Lumens (XLM) — already supported by the wallet. The wallet also supports the DOGE Testnet. DOGE was initially invented in 2013 as a joke currency, the logo of which features the likeness of a shiba inu dog from …
The institutional asset custody arm of United States cryptocurrency exchange Coinbase has launched staking for Tezos (XTZ), the company announced in a blog post on March 29. Coinbase Custody, which provides storage facilities for institutional investors, is seeking to expand its suite of services to include staking — a means by which Proof-of-Stake (PoS) cryptocurrency networks incentivize activity. Through its offline storage service, investors will be able to participate in networks such as Tezos using Coinbase as a regulated intermediary. “The launch of Tezos staking through Coinbase Custody serves an acute need that existed up until now: a way for …