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 as a standalone product, Coinbase said. Founded in 2018, Bison …

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 can be used by individuals and accountants or as part …

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, will maintain a robust evaluation process to ensure that every …

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 software targeted specifically for professional U.S.-based miners. Its network of …

Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.” As a result, the platform is warning of “possible limitations to crypto BUY orders” and that “spreads on crypto assets may also be much wider than usual.” @MatiGreenspan I know you have a mega position on $BTC on eToro, A sat for your thoughts. pic.twitter.com/Xt12bAJGxJ — CRYPTO KOALA (@Cryptokoala_Aus) January 13, 2021 EToro has become …

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 institutional clients in crypto is to navigate the complex and …

In an opinion piece published in the Financial Times on Tuesday, Acting Comptroller of the Currency Brian Brooks put forward the need to reconfigure banking regulations for an age of algorithms. Brooks, who currently leads the Treasury's Office of the Comptroller of the Currency, compared existing banking regulations to traffic laws. He further used the analogy of self-driving cars for new steps in decentralized finance. "Just as the original rules of the road protected us from other drivers, so our current bank regulations exist mainly to prevent human failings," wrote Brooks. The overall tone of Brook's letter is confident that …

Bitcoin (BTC) saw its most successful recovery in history on Jan. 12 after testing $30,000 support, but market participants are already suspicious. Data from Cointelegraph Markets and TradingView followed Bitcoin as it swiftly bounced off lows of $30,250 late on Monday to seal 20% gains in just over 12 hours. Guggenheim sell advice under scrutiny Coming even more quickly than its prior fall over the weekend, the comeback marks Bitcoin’s best daily performance ever, both in U.S. dollar and percentage terms. The numbers will be confirmed once the daily candle closes, with press-time levels nearing a local top of $36,600. …

The blockchain industry shrugged off the craziness of the 2020 pandemic, with many companies thriving in the “remote” working environments brought about by COVID-19. Almost $700 million in mergers and acquisitions took place in 2020 across 83 transactions. That’s the largest number ever and a sizeable increase from the previous record of 69 M&A transactions in 2018. The majority of activity last year was within the industry itself, consolidating the sector with minimal engagement from external companies. More than 90% of the $691 million reported was comprised of the top three acquisitions by Binance ($400 million), FTX ($150 million) and …

Coinbase is under the microscope with Bitcoin's (BTC) price surges past $41,000 following a minor retrace after topping $40,000 on Thursday. The United States-based crypto exchange is known for experiencing serious connectivity issues during periods of peak trading activity. Indeed, these disruptions have reportedly prevented traders from taking advantage of price gains and dips, robbing them of profit-taking and reentry opportunities. As Cointelegraph recently reported, Coinbase has acquired Routefire, a platform for enhanced trade execution, as part of an effort to better handle periods of peak crypto trading activity. As of press time, Coinbase has yet to report any connectivity …

Major cryptocurrency exchange Coinbase has acquired the Routefire platform for enhanced trade execution. In a Jan. 7 blog post, Routefire CEO Jason Victor announced that the team would now be developing its execution services for Coinbase, while thanking users for their support over the last three years. Routefire started in late 2017 with a mission to enhance trading infrastructure in the crypto market. They developed products that allow traders to automatically search multiple sources of liquidity to find the most favorable rates on both prices and fees. Following the move, the Routefire team will be developing the Coinbase Prime suite …

United States regulators are continuing to fine-tune their tax reporting requirements for cryptocurrency users. A second draft of Form 1040 from the Internal Revenue Service for the 2020 tax season published online suggests that the agency will now require anyone who was engaged in any transaction involving cryptocurrency in 2020 will need to declare it: "If, in 2020, you engaged in any transaction involving virtual currency, check the ‘Yes’ box next to the question on virtual currency on page 1 of Form 1040 or 1040-SR." The draft guidance clarifies that transactions encompass "the receipt or transfer of virtual currency for …