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Posts Tagged ‘Coinbase’

Coinbase Broke Traffic Records and Saw Massive Volume During Market Collapse

Coinbase saw record site traffic and a massive surge in 24-hour trading volume during last week’s coronavirus-driven market swings, CEO Brian Armstrong said in a statement shared with CoinDesk. The San Francisco-based crypto exchange said it processed $2 billion in crypto last Thursday and Friday (for comparison, Coinbase saw $394 million in volume over the…

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New Coinbase Rival Launches Crypto Exchange, Visa Card

US-based cryptocurrency exchange CoinZoom has officially launched its crypto exchange platform and Visa card. CoinZoom Allows Users to Spend Crypto with Visa Cards CoinZoom has just officially deployed its crypto exchange platform and Visa card that allows users to buy, sell and spend Bitcoin and other digital coins. The Utah-based company is registered with the…

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Coinbase Card Now Compatible With Google Pay

Starting from today, Android users can link their Coinbase card to their Google Pay wallets. This might be a good example that the crisis pushed the crypto market towards utility.  Coinbase and Google, Two Tech Giants Join As the crypto market is losing its attractiveness as a refuge for investors amid market turmoil, it is…

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Can Crypto Go From 50M Users to 5B? Coinbase CEO Says Yes

Is it possible that the crypto market expands to the point when about 80% of the world uses it? Coinbase CEO Brian Armstrong believes that blockchain will help the crypto space achieve that goal. Crypto Market Adoption Should Surge 9,900% to Get to 5 Billion Currently, there are about 50 million people worldwide using cryptocurrencies…

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Coinbase and Messari Employees Working Remotely due to Coronavirus

Just one week after releasing its plan for the coronavirus spread worldwide, Coinbase is recommending its employees prepare for the next phase, and they’re not the only ones. Coinbase CEO  Brian Armstrong sent out a Tweet to his 300K+ followers on Mar. 2 indicating the crypto firm would be directing certain employees to work from…

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Coinbase Has Tested Clearview Facial Recognition Software

Coinbase, the U.S. cryptocurrency exchange boasting over 20 million views per month and over 30 million total accounts, has tested Clearview AI facial recognition technology according to a BuzzFeed News report. However, Coinbase has denied that the test involved customer data. The controversial software has been the subject of intense scrutiny since a New York…

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Coinbase Denies Report of $150M Acquisition of Tagomi Brokerage Firm

Coinbase, a major American cryptocurrency exchange and wallet service, has not acquired digital currency brokerage firm Tagomi. On Nov. 29, sources told CoinDesk that Coinbase acquired Tagomi for $150 million that morning, following purported negotiations between the firms last month. According to The Block, Tagomi’s lending and borrowing services made it a tempting target for…

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Correction: Coinbase and Tagomi Deny Acquisition

“Tagomi and Coinbase were in talks last week – well Coinbase acquired Tagomi this morning for $150 million,” a source who claimed knowledge of the deal told CoinDesk. Both companies denied any acquisition subsequent to the story’s publication. A source at Tagomi told CoinDesk that the two companies have had negotiations about doing business, not…

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Coinbase Secures Patent for System to Identify Non-Compliant Accounts

Major American cryptocurrency exchange Coinbase has been awarded a patent for a system that identifies and flags non-compliant accounts. A filing with the United States Patent and Trademark Office on Nov. 19 details a system containing a scoring model that “determines a compliance score for each one of the accounts based on the respective factors…

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