2336 cryptocurrencies
Total Market Cap $7,311,462,704,587,669
Total Volume 24h $365,051,995

ZCash ZCash star

0.84 (1.62%)

ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. 

ZCash uses  zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.

Block explorer data from https://explorer.zcha.in/


Coinbase Gets Regulator Approval to List Digital Coins Considered to be Securities

Jul 16th, 2018

Cryptocurrency exchange and wallet service provider Coinbase has received approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital coins considered to be securities, Bloomberg reported July 16. A Coinbase representative told Bloomberg that the SEC and FINRA have authorized the exchange to acquire security dealers Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. The deal will allow Coinbase to extend its offerings with security tokens and to operate as a broker dealer, an alternative trading system, and a registered investment adviser. Coinbase initially announced the acquisition plans on June 6. The spokesman reportedly said that Coinbase will now integrate its technology into the new subsidiaries, but did not reveal a timeline. Coinbase will need to verify that employees hold the necessary licenses and review how the firm reports data. Last week, the San Francisco-based exchange announced that it is exploring the addition of five new coins to its trading lists, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). Coinbase noted that it does not guarantee the new tokens will be listed for trading. In June, Coinbase announced it will support Ethereum Classic (ETC) and ERC20 tokens. The company said then that its decision to add ERC20 "paves the way for supporting ERC20 assets across Coinbase products in the future." In March, the SEC said that platforms trading digital assets deemed to be securities must register with the regulator as an exchange, and would subsequently be governed by the same rules as traditional exchanges. The SEC added that entities aiming to operate as an alternative trading system (ATS) are also subject to regulatory requirements: "Registration as a broker-dealer subjects the ATS to a host of regulatory requirements, such as the requirement to have reasonable policies and procedures to prevent the misuse of material non-public information, books and records requirements, and financial responsibility rules, including, as applicable, requirements concerning the safeguarding and custody of customer funds and securities."

Coinbase Adds British Pound Support, Customers to Buy/Sell Crypto via UK Banks

Aug 2nd, 2018

Coinbase announces GBP support, enabling customers to buy and sell crypto for fiat via their UK bank accounts. Major U.S. crypto exchange and wallet Coinbase has started rolling out British pound (GBP) support, according to an official blog post August 1. The new feature will enable Coinbase customers with UK bank accounts to conduct faster transfers, letting customers buy and sell crypto for pounds within the same day. As Coinbase points out in their announcement, prior to adding GBP support, the process of buying or selling crypto for fiat took several days for the company's UK customers, requiring them to first convert their crypto into euros, and then into GBP via international wire transfer. The feature is currently available to only some existing customers, with the service promising to gradually rolled out support to all British customers "in the coming weeks." In their announcement, Coinbase notes that the company has been working on adding GBP support "over the last few months." In March, the company was granted an e-money license for fiat money operations from the UK's Financial Conduct Authority (FCA). It also gained access to the UK's Faster Payments Scheme (FPS), a UK banking initiative aimed at reducing transaction times. In July, Coinbase reversed its previous statement that it had obtained U.S. Securities and Exchange Commission (SEC) permission for listing crypto tokens considered to be securities under U.S. law. The platform revealed that neither the SEC nor the Financial Industry Regulatory Authority (FINRA) had in fact approved Coinbase to act as a securities dealer, as had been previously reported. Earlier in July, the company announced that it is considering listing five new cryptocurrencies on its platform, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).

New Ripple-Based Decentralized Exchange Launches in San Francisco

Jul 31st, 2018

A new Ripple (XRP)-based decentralized crypto marketplace, DCEX, has now opened registration for retail and institutional accounts, according to a press release published July 30. The new San Francisco-based platform runs on technology developed by blockchain firm AlphaPoint, and will initially offer 15 crypto-crypto trading pairs, all against Ripple as a base currency. These include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), EOS (EOS), IOTA (MIOTA), and ZCash (ZEC), among others, with further altcoins to be listed in the future. DCEX will also reportedly make all of the assets included in the Bloomberg Galaxy Crypto Index (BGCI) -- which tracks the top ten "most liquid" crypto assets and presents itself as an "institutional benchmark" for the crypto market -- available in one location for investors. According to the press release, DCEX believes that using XRP as a base currency will allow for "high-speed transfers" that can help investors to better take advantage of "price inefficiencies" in their arbitrage among currency pairs on different exchanges. The marketplace claims in the release that its network will facilitate "up to one million transactions per second," and will also enable participants to connect to APIs to facilitate "high frequency" crypto trading strategies, as well as to margin trade. DCEX, reportedly registered with FINCEN, is taking "initial steps" towards becoming a fully compliant and regulated operator under the U.S. Securities and Exchange Commission (SEC) and other regulatory agencies, the press release notes. As a Cointelegraph analysis outlined this spring, decentralized exchanges (DEXs) are gaining traction in the cryptosphere, both on ideological grounds and due to perceptions that centralized platforms are more vulnerable to thefts, such as the industry record-breaking hack of $532 mln in NEM from Coincheck earlier this year.

2018 Crypto Investment Report: Institutional Investors Provide 56% of Capital Inflow

Jul 19th, 2018

Grayscale Investments' first-ever crypto investment report reveals that 56% of capital inflow this year is coming from institutional investors. The first-ever crypto investment report released July 18 by digital asset management fund Grayscale Investments reveals that the majority of capital inflow this year is coming from institutional investors. Grayscale has been overseeing investments into crypto for five years, launching a Bitcoin (BTC) Investment Trust back in September 2013 and then expanding to other single-asset funds -- including Ethereum Classic (ETC), Zcash (ZEC) and Litecoin (LTC) -- as well as diversified offerings, notably its Digital Large Cap Fund. According to this week's report, institutional capital accounted for 56 percent of all new investments into Grayscale products during the first half of 2018. Despite the undeniably bearish picture for crypto markets during this time, Grayscale remarks that "counterintuitively," the pace of investment has "accelerated to a level that we have not seen before." Total investment through June 30, 2018 was almost $248.4 million -- the strongest ever fundraising period since 2013. $9.55 million in fresh capital has been incoming every week on average, with $6.04 million -- 63 percent -- going to the Bitcoin Investment Trust. Grayscale Cumulative Inflows by Investment Product, December 31, 2017 through June 30, 2018. Source: Grayscale H1 2018 Report In addition to the institutional investors who occupy the lion's share of Grayscale's portfolio, their investor profile data shows that accredited individuals account for 20 percent, retirement accounts for 16 percent, and family offices for 8 percent. Of these, roughly 64 percent of all new investments came from within the U.S., 26 percent from offshore investors ("e.g. Cayman-domiciled entities"), and 10 percent from other regions. The average investment sum was $848,000 for institutional investors, $553,000 for family offices, $335,000 for retirement accounts, and $289,000 for individuals. The report qualifies these figures by noting the data is skewed by several "large, one-time outliers," as well as sums that were broken up into multiple allocations over a series of days. Grayscale's report suggests that major investors potentially consider the year's downturn as a prime moment to enter the crypto markets -- moving in to "buy the dip" just as the infrastructure to facilitate institutional entry is materializing. This week saw significant news that the $6.3 trillion asset management heavyweight BlackRock -- the world's largest provider of exchange traded-funds (ETF) -- is beginning to assess potential involvement in Bitcoin, stoking considerable excitement from industry stalwarts and possibly bolstering an impressive market uptick.

Coinbase is 'Exploring' Support for Cardano, BAT, Stellar, Zcash, and 0x

Jul 13th, 2018

One of the world's biggest cryptocurrency exchanges has announced its intention to support more coins. In an official blog post, Coinbase announced that itare "exploring the addition of several new assets" and currently working with local banks and andulators to make them available in as many jurisdictions as possible. Coinbase is looking to add Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX) onto its platform. They stated that these assets would require additional exploratory work given the nature of their architecture and they cannot make any guarantee that they will make their way to trading. They also mentioned that there could be several restrictions such as not being able to send or receive using a local wallet. This might also include allowing deposits and withdrawals only from transparent Zcash addresses. They also highlight the possibility that these assets would be available only in certain jurisdictions before making their way to the US. The blog stated: Going forward, you should expect that we will make similar announcements about exploring the addition of multiple assets. Some of these assets may become available everywhere, while others may only be supported in specific jurisdictions. BAT and ZRX would be the first ERC-20 tokens to be supported on their platform. As CCN reported, Coinbase announced its intentions to add Ethereum Classic (ETC) on June 12. Given Ethereum Classics's similar protocol architecture to that of Ethereum (ETH) it might be available for trading sooner than the other new assets. The development on the regulatory front would be interesting. In regards to the uncertainty around the nature of crypto assets as securities or otherwise, Coinbase stated that "legal analysis is ongoing and will vary by jurisdiction. As we only plan to launch assets which are compliant with local law, some assets may only be available in specific jurisdictions." This announcement has been made to the public and Coinbase internal team at the same time to avoid any internal trading. Coinbase released it's guidelines for the addition of new assets earlier this year in March. Given their recent expansion, it is safe to assume that many other assets can be soon expected on the platform. The addition of BAT and ZRX can definitely pave the path for more ERC-20 tokens.

Cryptocurrency Prices Soar on News Coinbase Is 'Exploring' Adding Five New Coins

Jul 13th, 2018

The cryptocurrency market experienced a slight bump on Friday, but five altcoins managed to break away from the pack, bolstered by the announcement that cryptocurrency exchange and brokerage giant Coinbase is "exploring" adding support for them to its several platforms. Earlier today, the San Francisco-based Coinbase announced that it is engaging with discussions with banks and regulators in a variety of jurisdictions about adding support for five new cryptocurrency tokens: cardano (ADA), basic attention token (BAT), stellar (XLM), zcash (ZEC) and 0x (ZRX). Having learned from past listing fiascos, the firm chose to make the announcement both internally and externally at the same time to reduce its impact on the market and protect itself from allegations of insider trading. Coinbase also stressed that there is no timeline for when these assets will be listed, as well as the fact that some may ultimately have limited support or none at all, particularly in more-restrictive jurisdictions. Unsurprisingly though, the five assets in question saw their prices begin to soar immediately following the announcement. Among top 100-cryptocurrencies, these assets rank as five of the day's seven best performing tokens. The top performer in the group was 0x, which is currently up nearly 29 percent for the day to just over $0.99. BAT, the native asset of the Brave ecosystem, has seen its price soar by more than 22 percent to $0.33, while the zcash price is nipping at its heels with a 21 percent surge to $186. Cardano and stellar posted smaller gains, rising 11 percent and nine percent to $0.14 and $0.20, respectively. This is not surprising, though, since they are the only two coins in the group with market caps above $3 billion. Zcash, the next-largest cryptocurrency, has just an $807 million valuation. It's notable that Coinbase continues to hold this much sway over cryptocurrency prices, even as the company adds more assets to its platform. As CCN reported, Coinbase -- which has already listed bitcoin, ethereum, bitcoin cash, and litecoin -- has also said that it plans to support ethereum classic and ERC-20 tokens (of which BAT and 0x would be the first). The company has also stated its intent to acquire the licenses necessary to list assets classified as securities by U.S. regulators.

Coinbase Tokenized Securities Approval: U-Turn or Just a Matter of Time?

Jul 19th, 2018

Just days after claiming it had received authorization to list security tokens on its exchange, Coinbase has confirmed it had not had express permission to do so by the U.S. Securities and Exchange Commission (SEC). The announcement has caused quite a stir in the cryptocurrency community, as the initial announcement was hailed as a boon to projects looking to launch Initial Coin Offerings (ICOs). As of March 2018, the SEC requires cryptocurrency exchanges to register with the regulatory body before they are able to list tokens that are deemed to be securities. The regulators are looking to provide a safer environment for consumers who want to trade cryptocurrencies, while creating guidelines for exchanges to operate as conventional exchanges. Given that Coinbase is the largest exchange in the United States, its ability to list tokenized securities would have been a big move for certain cryptocurrencies. The platform had provisionally planned to list Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX) on the exchange, following a June announcement that it was planning to add Ethereum Classic and ERC-20 token support. Acquisition of Keystone Capital Coinbase is understood to have been given the go ahead by the SEC and the Financial Industry Regulatory Authority (FINRA) to buy out Keystone Capital Corporation, an equity and securities brokerage. That deal includes the acquisition of Venovate Marketplace Inc. and Digital Wealth LLC, which are a broker dealer and financial planning company respectively. The move would supposedly allow Coinbase to list security tokens and to operate as a broker dealer, alternate trading platform and also as a registered investment adviser. According to Bloomberg, the SEC did not give Coinbase direct approval to go ahead with the acquisition of the businesses -- as it did not need to be involved in the decision. This was confirmed by Coinbase spokeswoman Rachael Horwitz: "The SEC's approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff." Nevertheless, what this could mean is that Coinbase jumped to the conclusion its acquisition of these brokerages would provide the necessary requirements to list tokens deemed to be securities on the exchange. According to a post on Coinbase's blog on June 6 by chief operating officer Asiff Hirji, the acquisition of these companies should pave the way for Coinbase's listing of tokenized securities. "This step forward is being made possible by our acquisition of a broker-dealer license (B-D), an alternative trading system license (ATS), and a registered investment advisor (RIA) license." Tokenized securities to become the norm? Nevertheless, the debacle shines a light on what seems to be a progression toward the listing of tokenized securities on cryptocurrency exchanges in America. Anthony Pompliano, founder and partner at Morgan Creek Digital Assets, told Cointelegraph that tokenized securities will provide a different type of stimulus to the cryptocurrency space. "Tokenized securities have a different risk/return profile, and are ultimately different than the rest of the crypto industry. One of the key differences is that the tokenized securities are likely to be redeemable as equity, debt or cash flows. As more investor interest flocks to this new space, there should be spillover interest into the more traditional crypto markets as well. This is not a binary world and it will be likely that Bitcoin, crypto, and tokenized securities all coexist successfully." As the SEC pointed out in recent hearings over the past few months, many ICOs are launching cryptocurrencies that meet the standards of a traditional security. In February's hearing in front of the U.S. senate, the SEC and Commodities and Futures Trading Commission (CFTC) promised to provide regulations that legitimized ICOs and fostered cryptocurrency growth, while protecting consumers from fraudulent projects. This could inevitably cast a harsh spotlight on ICOs, which were producing tokens that fit the mold of a traditional security. This would put them under the regulatory control of the SEC. Ethereum, the second largest cryptocurrency by market capitalization, was under a similar spotlight in recent months. Nevertheless, as Pompliano pointed out, the onus is on cryptocurrency exchanges to do their due diligence when it comes to listing different tokens on their platforms. U.S. corporate lawyer Dean Steinbeck told Cointelegraph the regulator will keep exchanges honest in the future. "The SEC will eventually regulate which currencies qualify as security tokens and which do not. Regulated exchanges, like Coinbase, will avoid tokens that do not qualify under SEC guidance." Steinbeck believes that it is only a matter of time until Coinbase gets the go ahead to list those tokenized securities. "I fully expect Coinbase to get approval to engage in broker dealer activities, including the sale of security tokens. Coinbase has positioned itself as the leading regulatory-compliant exchange in the U.S." Tokenized security listings to signal market maturation In due time, we could very well see a number of cryptocurrency exchanges offering new tokenized securities on their platforms. While Coinbase may well have to hold off the listing of newer tokens that fall under the jurisdiction of the SEC, the regulator is definitely taking steps toward making it a reality in the next few months. It could well provide a new dynamic to the cryptocurrency space, and provide new growth and development of projects in the space. As Pompliano believes, this could be a positive development for the cryptocurrency community: "Tokenized securities are held to the same regulatory and legal standards as traditional securities. Exchanges, whether centralized or decentralized, will have to spend considerable time and energy to ensure they are compliant. These additional requirements should be seen as a positive, because -- ultimately -- they are a sign of market maturation." Steinbeck is of the belief that tokenized securities could lead to a swathe of big investors entering the cryptocurrency market. "Security tokens will bring institutional money into the crypto market on a scale we have not experienced to date. Imagine all the IPOs moving from Nasdaq and coming to crypto. It's going to be a flood of money. The entire industry will benefit from this." With all things considered, it seems likely that more exchanges will follow in the footsteps of Coinbase and tick the right boxes to list tokenized securities lawfully. The only question is when this will happen, not if.

Stellar Price Continues to Moon, Sees 10% Increase in 4 hours

Jul 25th, 2018

The stellar price reached a two-month high on Wednesday evening as it soared by well over 10% on major exchanges to reach a value of $0.33 on Bitfinex. Although there did not seem to be any particular news today to trigger this spike, the cryptocurrency -- more accurately referred to as lumens (XLM) -- has been in the news of late with considerable positive developments. XLM's volume also increased considerably on Binance, with over $17.5 million traded as at 10PM GMT. The development from Coinbase last week had also seen the stellar price shoot up by as much as 25% over a few days, and with today's increase, the coin is around 40% up from its low of $0.17 registered in June. The recent move by Coinbase created a wave of positive price appreciation for the currencies, with stellar posting a gain of 22% since the news was first released. XLM fans rejoiced over the reversal in 2018's bear cycle, which saw their coin fall nearly 85% in value since the start of the year. Additionally, the fact that the computing giant IBM is using stellar to pair with a digital stablecoin also gave a good hike to positive sentiment about XLM. In comparison, bitcoin is up by around 2% to retake the $8,200 level whilst other coins such as EOS and bitcoin cash were showing marginal improvements over the past few hours. Another positive development could have been the announcement that BitIra also added stellar to its platform. The lesser-known California-based exchange continued its steady expansion of available coins with the addition of stellar (XLM) and zcash (ZEC), which joined bitcoin (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), bitcoin cash (BCH), and ethereum classic (ETC) as investment opportunities for its customers. Finally, another interesting development was the fact that the Stellar Foundation received certification from Islamic scholars of Shariyah Review Bureau (SRB) for its blockchain network and its native token to be used in Sharia-compliant financial products. With the certification in place, Stellar -- both the organization and the currency -- will now have access to the vast Middle Eastern and South East Asian markets where Islamic banking and Sharia-compliant products have a strong demand. The certification also provides XLM with an advantage over rival cryptocurrency XRP -- often stylized as "ripple" due to its association with the company of the same name -- in the Middle East within the payments and remittances space.

Fortune Releases First-Ever Crypto-Focused '40 Under 40' Annual Rankings

Jul 25th, 2018

For the first time, Fortune has created a crypto-focused version of its prestigious "40 under 40" honor roll for the most powerful young disruptors in global business. For the first time, Fortune has created a crypto-focused version of its prestigious "40 under 40" honor roll for the most impressive young disruptors in the finance and technology industry, published July 23. Dubbed "The Ledger 40 under 40," the list is dedicated to innovators at the helm of the "financial revolution" ushered in by cryptocurrencies, blockchain, and other distributed ledger technologies. Last week, five crypto industry representatives had already clinched four spots on Fortune's existing "40 under 40" -- all of whom reappear in the inaugural Ledger list. These include the CEO of major U.S. crypto exchange and wallet service Coinbase, Brian Armstrong, 34, who is ranked first by the Ledger for "catapulting" crypto into the mainstream. "Skinny visionary" Ethereum (ETH) co-founder Vitalik Buterin, 24, has been thrice-celebrated on Fortune's established list and now seals the second spot on the Ledger list. In third place is Jihan Wu, 32, the co-founder of Beijing-based mining hardware titan Bitmain -- reportedly now valued at $12 billion after a recent round of funding. Fortune notes Wu's support for the "controversial" Bitcoin (BTC) fork, Bitcoin Cash (BCH), as well as his interest in stablecoins and aspiration to develop artificial intelligence (AI) mining chips. The list includes figures who have decamped from the traditional financial sector to become crypto industry front runners, alongside those who aim to lead the "revolution from within." Amber Baldet, 35, former blockchain program lead at JPMorgan Chase, is ranked eleventh for co-founding blockchain startup Clovyr, her former position as lead developer of Quorum, and her recent appointment to the board of the Zcash Foundation -- the nonprofit that governs anonymity-oriented altcoin Zcash (ZEC). Christine Moy, Baldet's successor at JPMorgan's blockchain program, is ranked 18th, and in the sixth and 20th spots are Goldman Sachs' Rana Yared, 34, and Justin Schmidt, 38, for spearheading the Wall Street giant's future Bitcoin trading operation. The list's crypto stalwarts include the Bitcoin billionaire Winklevoss twins, 36, (eighth) and Bitcoin Cash "evangelist" Roger Ver, 39, (36th), as well as "serial" cryptosphere innovator and now Block.one CTO Dan Larimer, 36, (12th) and Bitstamp's CEO and co-founder Nejc Kodrič, 29, (29th) -- hailed as a garage-born passion project that became Europe's first licensed Bitcoin trading platform. Prior to this week's full-fledged crypto incarnation, Cointelegraph has followed the burgeoning representation of industry pioneers in Fortune's 2017 and 2018 established rankings.

0x and BAT Surge Upon Coinbase Announcement, Bitcoin Struggles

Jul 14th, 2018

Coinbase, the world's largest crypto exchange, brokerage, and wallet platform has announced its intention to list Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX), causing the price of tokens to surge, while bitcoin has struggled to demonstrate any major price action. The release of the statement of Coinbase was taken aback by the crypto community, as most investors considered the company's acquisition of decentralized crypto exchange Paradex as the substitution for direct token listing. However, the Coinbase team emphasized that despite the additional approval and verification work required to list the five digital assets, the company decided to list them. Coinbase emphasized in its statement that the plans to list the five digital assets have been finalized, but there exists a possibility that the company fails to integrate the above mentioned assets due to regulatory and compliance-related issues. Still, the price of BAT and 0x surged by around 25 percent and 15 percent respectively, allowing the valuation of the crypto market to increase slightly by $3 billion. The price of BAT surged by a larger margin than 0x because while the listing of 0x was highly anticipated by the crypto community, given the involvement of Coinbase founding members in the 0x Protocol and the company's recent acquisition of Paradex, BAT wasn't being discussed as potential candidates for Coinbase listing. In its statement, Coinbase explained that the reputation of Brave creator Brendan Eich, the founder of JavaScript and Firefox, as well as the fast adoption of the Brave browser, which currently has more than 18,000 verified publishers that receive incentives via BAT, as the reasons for the listing of BAT. The Coinbase team said: "The initial purpose of the BAT is to allow advertisers to pay for user attention when they view ads via Brave, but it can potentially be used as a general digital currency for Brave user interactions with arbitrary websites. Brave announced that they have recently passed 3 million monthly users and are in the top 10 list in the Google Play store in more than 20 countries. More than 18,000 verified publishers are using Brave across 4,500 websites and 13,500 YouTube and Twitch streamer accounts." Almost instantly, the volume of BAT surged massively on major crypto exchanges such as Binance, quickly becoming one of the largest trading pairs of bitcoin. Currently, as of July 14, BAT remains as the 11th most traded cryptocurrency against bitcoin on Binance, above major digital assets like Bitcoin Cash, Binance Coin, NEO, and Litecoin. Throughout the past year, the price of XRP, the native cryptocurrency of Ripple, surged on several occasions as rumors about potential Coinbase listing emerged, and time and time again, Coinbase denied those rumors. On social media, users and investors of Ripple reacted negatively to the announcement of Coinbase and their decision to integrate small tokens ahead of XRP. One investor said:

South Korean Crypto Exchange Bithumb Re-opens Deposits & Withdrawals

Aug 4th, 2018

South Korean cryptocurrency exchange Bithumb will resume deposit and withdrawal services on Saturday at 11 am KST. The exchange had suspended all deposits and withdrawal services on its platform following the June hack on a hot wallet, which led to the loss of tokens valued at over $30 million. The exchange made the announcement earlier today via a tweet on its official Twitter handle. However, only 10 cryptocurrencies have been approved for the first round of service resumptions, namely Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Ethereum Classic (ETC), Qtum (QTUM), Litecoin (LTC), Bitcoin Cash (BCH), Monero (XMR), Zcash (ZEC), and Mithrill (MITH). Deposit and withdrawal services on 25 other cryptocurrencies remain suspended. An excerpt from a post on Bithumb's website about the continued suspension reads: "Some cryptocurrencies with a significant price difference of about 10% between Bithumb market and standard market will be opted out in this round in view of protecting our customer's asset. Since when the services return to normal, rapid change in market prices are expected. Therefore, resuming normal services for such cryptocurrencies will be put on hold for the time being." It was also announced that all deposit addresses had been changed and customers are to request for new ones. All uncredited deposits made while services were on hold will also be returned. The exchange operator, which was among South Korea's largest exchanges by volume before the hack, is one of 12 exchange firms to pass a series of inspections carried out by the Korean Blockchain Association back in July. Other crypto exchanges that passed the tests include Korbit, Huobi Korea, OKEx and Upbit. Bithumb's market absence had a negative effect on the Korean crypto market, with many investors taking a negative cue from the hack and the subsequent KBA security audits. After passing the assessment and announcing its gradual return to regular operations, many hope that this will have a positive knock-on effect on crypto trading in South Korea. In spite of this, the exchange firm is unable to renew and establish contracts with banks and as such, it has had to suspend the issuance of new bank-linked virtual accounts. CCN earlier reported that, in January, regulators banned cryptocurrency trading through anonymous virtual bank accounts. To facilitate the linking of traders exchange wallets to their bank accounts, exchange firms are to establish contracts with local bank and renews such contracts every six months. It was reported on Aug. 1 that Nonghyup Bank refused to renew a contract with Bithumb due to concerns of security following the June security breach.

Kraken Mocks Coinbase, Sarcastically Claims it is Listing 1,600 Crypto

Jul 14th, 2018

Major crypto exchange Kraken recently released a sarcastic statement in response to the unforeseen decision of Coinbase to list five new digital currencies. As CCN reported, on July 14, Coinbase, the world's largest crypto exchange and brokerage, announced its finalized plan to integrate Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). While Coinbase emphasized that the company has not received the approval from regulators including the US Securities and Exchange Commission (SEC), it explained that the announcement was released to publicly express the company's intent towards integrating the five digital assets. Coinbase stated: "Unlike Ethereum Classic, which is technically similar to Ethereum, these assets require additional work that necessitates contact with many external parties. To ensure that this news comes to you directly from us, we are publicly announcing our intentions. Please note that we are not guaranteeing the listing of any of these assets. We may list them with partial support, or only in specific jurisdictions. In particular, some assets may become available in other countries before the US." In a sarcastic statement aimed at Coinbase, Kraken claimed on July 14 that it has been contemplating to add 1,600 new coins on its platform, including all of the digital assets listed on CoinMarketCap. "Exciting and important revelation for the community today. Kraken has been contemplating the exploration of maybe adding over 1600 new coins, pending the outcome of our highly sophisticated review process. For a glimpse of the possibilities [visit CoinMarketCap]." Most investors and users in the global cryptocurrency market reacted positively to the forward-thinking approach of Coinbase to list five additional digital assets, two of which (0x and BAT) conducted an initial coin offering (ICO) in 2017. The efforts of Coinbase to list assets like 0x and BAT require additional work with local financial authorities and the SEC, which may consume a significant portion of the resources of Coinbase, but pave a way towards broader and wider crypto adoption across the global market. Once Coinbase successfully lists tokens on its platform with US dollar support, every other crypto exchange in the market, especially in the US, will directly benefit from the result, as they will be able to add tokens, which Coinbase already added or other tokens that are in the same category as tokens on Coinbase, without being in conflict with the SEC and local US financial regulations. Hence, while the response of Kraken may seem humorous to a small portion of the crypto community, the efforts of Coinbase to add new assets even in a period of regulatory uncertainty have to be recognized as a positive approach towards crypto adoption. In the upcoming months, Coinbase said that it will make similar announcements and potentially add support for new assets. The company said: "Going forward, you should expect that we will make similar announcements about exploring the addition of multiple assets. Some of these assets may become available everywhere, while others may only be supported in specific jurisdictions."

Coinbase is Exploring the Addition of Zcash, Stellar, 0x, BAT, and Cardano | NewsBTC

Jul 13th, 2018

Coinbase has just unexpectedly announced that its team is looking into making the addition of five top altcoins into Coinbase services. The San Francisco-based exchange took to Twitter to announce that it is "exploring" options to add several crypto assets, namely Zcash, Cardano, and Stellar Lumens. Today we are announcing that we're exploring the addition of the following assets to Coinbase: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). https://t.co/qoECyR0V1f -- Coinbase (@coinbase) July 13, 2018 "We are exploring the addition of several new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible." The crypto exchange pointed out that the addition of these assets to Coinbase services will require "additional exploratory work," adding that there is no guarantee that the exchange will support these assets in the future. This process is likely to be different than the "ongoing process of adding Ethereum Classic," as the individual blockchains of Zcash, Stellar, and Cardano may prove to be technically difficult to fully integrate into Coinbase services. The blog noted that even if Coinbase was to integrate these altcoins, the features supported may not be all-encompassing, due to a potential for technical and regulatory constraints. The post stated: "Our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet. We may also only enable certain ways to interact with these assets through our site, such as supporting only deposits and withdrawals from transparent Zcash addresses." The American exchange didn't give any clear timelines regarding the additions of these cryptocurrencies, but it was made clear that ongoing updates would be given to its customers through the Medium and Twitter social media platforms. In accordance with its new policy, Coinbase noted that the announcement was made internally and to the public simultaneously, ensuring that insider trading would not occur. The coins that were singled out by Coinbase saw an immediate price surge on the announcement, with players like Zcash, BAT, and 0x seeing over 20% surges. Cardano and Stellar experienced milder moves upwards, seeing 11.2% and 9%, respectively. 0x has seen the biggest price jump so far, moving up 29.6% on the back of an influx of buying pressure. Getting listed on Coinbase has historically been a bullish signal for cryptocurrencies, as securing a coveted spot on Coinbase's cryptocurrency roster normally brings high levels of attention and adoption to a project.

Ethereum Classic (ETC) Rises Higher on Robinhood Listing | NewsBTC

Aug 7th, 2018

Robinhood Crypto announced on 6 August that Ethereum Classic was now available for investment, commission-free, on its platform. The announcement was made via a Tweet on its Twitter account and an official blog post. Ethereum Classic (ETC) rose over 9% and jumped from rank 12 to 11 as the news came out. Most other cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and XRP, however, witnessed a fall in prices. Among the top 10 on Coin Market Cap, XRP was down by over 4%, IOTA by nearly 13% and Stellar by almost 2%. The blog post also stated that investors could invest in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dogecoin, and access the market data for 10 other cryptocurrencies. Apart from the six cryptocurrencies which the exchange offers for trading, it supports real-time market data for Bitcoin Gold (BTG), Dash (DASH), Lisk (LSK), Monero (XMR), NEO (NEO), OmiseGO (OMG), Qtum (QTUM), Ripple (XRP), Stellar (XLM), and Zcash (ZEC). At the moment, the offering is available in 19 US states only, however, the company will add support for more states soon. Robinhood Crypto's addition of ETC comes just a day before Coinbase offers trading support for the cryptocurrency as well. "We intend to allow 24-48 hours of transfers through Pro/Prime before opening the markets. In accordance with our Trading Rules, all ETC books will open in post-only for a minimum of 10 mins. Once sufficient liquidity is established, trading will then be enabled on Pro and Prime," Coinbase announced in its blog. It also explained that since ETC will be added to Coinbase Markets, it will be added to the Coinbase Index according to the Coinbase Index Methodology. In the case of Coinbase, ETC will be available wherever Coinbase is available. Currently, BitMEX, Binance, LiveCoin, Bitfinex, Poloniex and Kraken support ETC/BTC trading. However, Robinhood offers zero-commission transactions, a feature which works in the favour of investors. Robinhood's business model is based on making profits from interest on cash and securities held in customers' accounts, and through offering them premium account memberships such as Robinhood Gold. Apart from crypto, Robinhood also offers traditional investment options such as stock, options and ETFs. As of May 2018, the number of users on Robinhood's trading app had surpassed 4 million. ETC's blockchain, is a continuation of the original Ethereum blockchain with untampered history. The original Ethereum blockchain had undergone a hard fork which due to the DAO hack in 2016. ETC recently topped $2.2 Billion in circulation. The news of Robinhood and Coinbase adding the cryptocurrency acted as a catalyst for helped ETC scale significant resistance at $19.

Coinbase Looking To Add New Cryptocurrencies

Jul 14th, 2018

According to an official July 13 Coinbase blog post, the is "exploring the addition of several new assets," including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). The company said it will work with local financial institutions to include these cryptocurrencies "in as many jurisdictions as possible." The operative term, however, is "exploring." Coinbase has not made any commitments to these cryptocurrencies and, therefore, does not guarantee listings for them. The company also indicated that certain assets may only be available to buy and sell, not necessarily to send or receive. The list of caveats continues: "We may also only enable certain ways to interact with these assets through our site, such as supporting only deposits and withdrawals from transparent Zcash addresses. Finally, some of these assets may be offered in other jurisdictions prior to being listed in the US." In considering these coins and tokens, Coinbase has evaluated their merits according to its Digital Asset Framework and decided they required further exploration and consideration. For example, the company noted that although Cardano's Computation Layer is not live yet, Cardano overall has long-term roadmaps and a growing community. Coinbase's announcement is perhaps a step toward greater transparency, especially considering the insider trading debacle following the 's launch of cash in December 2017. The blog post noted: "As part of the exploratory process, customers may see public-facing APIs [application programming interfaces] and other signs that we are conducting engineering work to support these assets. While we cannot commit to when or whether these assets will become available at this time, we will provide updates to our customers about the process and what they can expect via the Coinbase blog and Twitter." The company seems to have a prolific news presence. On June 4, Coinbase revealed plans for its new office in Japan. On June 11, the announced its intention of adding support for Ethereum Classic, a controversial digital asset. And on June 27, the CEO of the company, Brian Armstrong, unveiled a new charity called GiveCrypto.org to financially empower individuals through cryptocurrency.

Cardano (ADA) Technical Analysis

Jul 14th, 2018

ADA is the top performer in the last 24 hours adding an impressive six percent. That injection of momentum at key support means there is a revival happening and traders can take advantage of this surge. CoinBase is huge for ADA because any addition means exposure to 13 million US customers keen on adding ADA to their portfolios if not hodling. It's interesting times for cryptocurrency and more so momentous for Cardano's ADA following the intentions of CoinBase to list them at their exchange. Coin listing at this American exchange is always huge news for coins. Already, we have seen what happened to ETC valuation shortly after CoinBase announcement. Prices soared lifting off $12 like a rocket. Today we are announcing that we're exploring the addition of the following assets to Coinbase: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). https://t.co/qoECyR0V1f -- Coinbase (@coinbase) July 13, 2018 That seems to be happening to ADA too. Of course it was a nice coincidence to dole out such positive news. However, we must also consider some few takeaways from CoinBase. First, it's not a guarantee that they will be adding them since this is purely "exploratory" and will have to look into necessary regulations controlling the coin and banks facilitating purchase. Please note that we are not guaranteeing the listing of any of these assets. We may list them with partial support, or only in specific jurisdictions. In particular, some assets may become available in other countries before the US. -- Coinbase (@coinbas Visit website open_in_new

Market share 0.00%
Proof type PoW
24h Open $51.71
24h Low $51.03
24h High $52.73
Price in BTC 0.01416518410696 BTC
Current Supply 5,917,319 ZEC
Total Supply 21,000,000 ZEC
Market cap $310,955,104
24h Volume (coin) 12,352 ZEC
24h Volume (currency) $638,855
Last updated 2019-02-18 00:54:03 +00:00 GMT
ID Market Type Price Quantity Total
Date Price Volume