According to the San Francisco-based cryptocurrency exchange and an official blog post on Tuesday, users can now link their accounts once the app gets updated in “the next few days.”
According to the exchange and the post that was published on its blog:
“Once your Coinbase account is linked, you can easily transfer crypto to your Wallet app with just a couple of clicks, anytime you need it.”
Coinbase also explained that with the Coinbase.com account, users can now buy cryptocurrencies and their keys will be stored centrally within the exchange. However, with the Wallet app, the Coinbase users can safeguard their own private keys.
The new feature, as Coinbase noted, is optional. After the app’s update gets released, users will receive an in-app notification to “Connect to Coinbase” and link the accounts if they choose so. The account linking can also be turned on or off at a later date directly from the Settings menu, Coinbase noted. With this feature, users will find it more convenient to regularly transfer funds from their Coinbase.com account to a software or hardware wallet.
In the meantime, Coinbase is working on a future update that will let cryptocurrencies to be directly sent to users from the Coinbase.com accounts within the app.
The exchange has added a series of new features to the Wallet app lately. In February 2019, we saw new support for Bitcoin (BTC), Bitcoin Cash (BCH) as well as Litecoin (LTC) on both iOS and Android platforms. In the same month, Coinbase announced that its Wallet users would be able to back up their private keys on the personal cloud storage platforms Google Drive and Apple iCloud.
With this, Coinbase again confirmed that it is a big player in the crypto industry and an exchange which constantly rolls out new updates to help its users move, invest and store their cryptocurrency holdings.
Two Miners Reportedly Executed A 51% Attack On Bitcoin Cash (BCH) Blockchain
“When the unknown miner tried to take the coins themselves, http://BTC.TOP & http://BTC.COM saw & immediately decided to re-org & remove these [transactions] TXs, in favor of their own TXs, spending the same P2SH coins, + many others … So just 2 miners, in secret & w/ no trouble, took it upon themselves to remove 2 blocks w/ another’s TXs, & replace with their own," Swann tweeted.The two miners and their attack are a topic shared by many best cryptocurrency news sites. However, 51% attacks have always been considered unethical, undesirable and unprofitable option to take away funds as it would require a massive amount of computing power and because of the fact that users would flee. According to other stats on Coin.Dance relevant to the two miners, BTC.top and BTC.com control 43% of the Bitcoin Cash mining pool together. Meanwhile, this is not the only mining attack featured in the coming altcoin news. Previously, the Ethereum Classic (ETC) blockchain experienced a 51% attack in January, resulting in a loss of 54,200 ETC.
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Galaxy Digital ‘Bank’ Cashes Out Of Block.one Investment With 123% Profits
“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
Crypto Market Retreat: $14 Billion Wiped Out Overnight
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