There are some conflicting reports regarding the Bitcoin Gold fork date. This is not entirely surprising, as the project is poorly organized at best. The website claims the "fork" - which isn't an actual fork - still needs to happen. Coinbase, however, claims this has already begun quite some time ago. It is hard to say who is right here, for obvious reasons. However, it certainly further diminish...
Crypto-industry giants Coinbase announced earlier today that they have done away with their unpopular policy of making buyers wait to receive their cryptocurrencies. In a blog post this afternoon, director of communications David Farmer explained that many customers in the US funding purchases directly from their bank accounts would now receive coins instantly. He wrote: We are excited to announc...
Earlier today, on October 12, the Bitcoin price achieved a new all-time high at $5,220, despite the uncertainty surrounding the SegWit2x hard fork in November. Subsequent to the recent surge of the Bitcoin price, Samson Mow, the chief strategy officer at Blockstream, the blockchain technology development firm, reaffirmed his interim price target of $6,000 by the end of 2017. Just a reminder...
No one will ever claim operating a cryptocurrency exchange is easy. There are many different factors to take into account at all times. Licensing, security, and marketing are just a few of those factors. For the Coinbase exchange, unfortunately, it appears they face major backlash these days. With the number of customer complaints going up ever so slightly, things aren't looking great. This mounti...
Coinbase is still one of the largest Bitcoin exchanges in the world today. How long that situation will last is anybody's guess at this time. The company is dealing with multiple issues and negative press on social media. The latest incident involves Bitcoin withdrawal delays. Apparently, a lot of people are moving their funds off Coinbase in anticipation of the Bitcoin Cash hard fork. This causes...
Running a cryptocurrency exchange is not all that easy these days. Every single country around the world has different requirements to provide such services in specific regions. For Coinbase, there are some regions where providing Bitcoin exchange services is effectively prohibited. Cuba is such a region, and anyone accessing their account from an IP address in that country will see their account ...
The Bitcoin scaling debate has taken yet another interesting turn. Coinbase has issued an official statement on the user-activated hard fork. More specifically, if the UAHF to increase the block size activates on August 1st, Coinbase will not support it. That is a rather surprising development, to say the least. Seeing an exchange advise customers to withdraw money from the exchange by July 31st i...
For quite some time now, people have been wondering why is pushing up Bitcoin network fees. For some reason, an unknown entity is trying to up the average transaction cost. It now appears Coinbase is the guilty party. In fact, they are overpaying fees by as much as 10,000%. This is not good news for the company, as they are literally bleeding money. Paying a too high transaction fee for Bitcoi...
The year 2017 has not been overly kind to the Coinbase exchange platform. Multiple outages and delayed transactions have caused a lot of friction between company and customers. It now appears the company froze the Free Ross Ulbricht account as well for some unknown reason. As a result, 16.5 BTC is trapped in limbo, which would have been used to pay for Ross' defense lawyers. So far, Coinbase has n...
It is always quite interesting to see how financial service providers respond to Bitcoin and cryptocurrency. CEOs of companies such as TransferWise readily dismiss Bitcoin whenever they can. Western Union, on the other hand, is experimenting with Coinbase integration. That is a rather shocking turn of events, considering Western Union and Bitcoin are competitors. In a rather shocking turn of...
