All About BTC, LTC, ETH mining as well as other alternative crypto currencies
It seems that Coinbase no longer wants to remain only as a payment processor as the company has just launched Coinbase Exchange, the first regulated Bitcoin exchange based in the US. If you are a Coinbase user in one of the 24 supported states or territories in USA you can begin trading immediately on Coinbase Exchange. There will be no trading fees through March 30th, after which there will be a maker-taker model – orders which provide liquidity are charged different fees from orders taking liquidity. This interesting development comes soon after the last very serious funding round that Coinbase recently had.
The fact that the exchange is a regulated one in USA should bring the trust of users that can actually use the Coinbase Exchange, but on the other hand it also means that you will have to cope up with all of the side effects that the requirements of regulation have. The good thing is that this new exchange should theoretically bring more stability and trust in the crypto currency ecosystem, but the not so good one is that it will come at the cost of privacy – one of the key advantages that crypto currencies are supposed to offer. Still it could be a good way to bring more investors in the crypto currency that would normally not be ready to trust other more questionable exchanges with their financial investments.
The BitcoinTalk forum, pretty much the largest crypto currency discussion website, is currently experiencing some downtime. It seems that the problem this time is caused by hardware failure, unlike the last time back in November last year when the forum was apparently DDoS attacked. Checking the official twitter account for updates reveals information that apparently the problem was caused by hard drive failure and there could be some extended downtime before things are back online. Also there is information that some of the posts made in the last few hours before the website went down might be lost. Hopefully things with BitcoinTalk will be back to normal later today and the forum will resume operation again…
The Bitcoin payment processor Coinbase has announced that they have raised $75 million USD in Series C financing, the largest funding round to date for a Bitcoin company, bringing their total capital raised to $106 million US dollars. What is even more interesting however is the companies that have invested in Coinbase this time and not only the serious investment being made. Apart from some of the existing investors the new investors include USAA, BBVA, The New York Stock Exchange, and NTT DoCoMo – Japan’s largest mobile telecommunications operator. There are also personal investments from former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer. It is interesting to see that financial institutions and other large companies are starting to show serious interest in Bitcoin, making major investments is companies dealing with crypto currencies. Great news not only for Coinbase, but also something good for BTC since the start for 2015, something that was really needed after the not so great beginning of the year for crypto currencies.