Crypto exchange Coinbase hits our cryptocurrency news again today for finally confirming that it is looking to provide support for the number two cryptocurrency-Ripple on its platform.
After many months of waiting, investors can finally take a break and enjoy the moment. The San Francisco based exchange announced that they are likely to provide support for more crypto assets-about 30 including Cardano, EOS, NEO and Ripple.
Many of the XRP investors have been waiting for Coinbase to finally list Ripple on their platform and complained for a long time because the exchange giant has listed many other smaller cryptocurrencies that were even controversial such as zcash and 0x.
The announcement comes right after Coinbase decided to restore its listing process and by doing so, the company will aim to provide support for a larger range of cryptocurrencies but still, some won’t be listed in all jurisdictions around the world due to local regulation.
“Adding new assets requires significant exploratory work from both a technical and compliance standpoint, and we cannot guarantee that all the assets we are evaluating will ultimately be listed for trading. Furthermore, 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.”
However, considering to list Ripple and actually listing it is not the same thing. The company made clear that they cannot guarantee that each cryptocurrency named in the list in the announcement will 100% find itself on Coinbase Pro and Coinbase.com.
But it is still major news that Coinbase is even considering adding XRP to its platform.
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“Perhaps the oil-backed cryptocurrency will be the pioneering project that will create a reliable structure for the cryptographic market as a whole," he concluded.
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“We describe an extension to Zether that can also hide the sender and receiver involved in a transaction among a group of users chosen by the sender. Though the overhead associated with anonymity scales linearly with the size of the group, no trusted set-up is needed and no changes to the underlying smart contract platform are required.”The report specifies that the Zether contract will never transfer funds without checking a transfer proof in order to prevent illegal transfers. This new design makes sure that the security of Zether depends on itself and not on third-parties or outside smart contracts. All of the privacy coins that provide users with a higher level of anonymity are still receiving mixed feelings from the community. For example, Charlie Lee declared he is focused on making Litecoin more fungible and private and to implement confidential transactions sometime in 2019.
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“We will never accept won or renminbi or francs or cryptocurrency, or any other currency. You have to relieve your debts to the state of Ohio with U.S. dollars. That’s what we’re currently accepting. This platform just allows for that exchange, basically before that debt is settled to the state of Ohio.”Sprague pointed out that the treasury is reviewing how the program can be expanded and they are looking into the potential risks that can come up by using this method of tax payments. Ohio is working hard to attract blockchain-related businesses to the state. The state has already passed a law allowing businesses to pay taxes in crypto but the State Treasurer Josh Mandel stated that the legislation ‘’pants a flag’’ in Ohio regarding cryptocurrency adoption. Two days ago, the County Auditors’ Association of Ohio announced the gathering of a group that will work to explore the benefits of blockchain in real estate and transfer of land titles.
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