The leading cryptocurrency exchange Coinbase is in the latest crypto news, this time for the start of listing its 0x (ZRX) token, according to an announcement that was published on October 11th. With this, Coinbase has officially added support for an ERC-20 token.
If you are new to these tokens, ERC-20 tokens are basically tokens that are developed and used solely on the Ethereum (ETH) platform, where ERC stands for Ethereum Request for Comment and the ’20’ is the number assigned to this request. As such, ERC makes the creation of new tokens in an easy way, which is why ETH became popular with crowdfunding companies working on Initial Coin Offerings (ICOs).
As the announcement notes, Coinbase has launched support for ZRX on its professional platform, Coinbase Pro. However, trading will only be allowed once proper liquidity is established. The exchange also noted that a separate announcement will be made once the token becomes available on Coinbase.com and its iOS and Android apps.
In the blog post, Coinbase also said that the “transfer-only” stage will see customers transferring ZRX into their Coinbase Pro accounts without an option to place orders. The second stage, “post-only” will let them post limit orders with no matches. The next stages named “limit-only” and “full-trading” will enable matching limit orders and full trading services such as limit, market and stop orders.
With this, Coinbase once again revealed its intention to add support for ERC-20, which began in March, after reversing the statements from January. As they said then:
“After evaluating factors such as liquidity, price stability, and other market health metrics, we may choose to add any ERC-20 asset added to GDAX to the Coinbase platform.”
Currently, ZRX is trading at around $0.76 and is up a few percents on the day.
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“Similar to 2015, 2019 may be the year of accumulation.’’Another crypto researcher Willy Woo said that while a crash of bitcoin to $3,122 could lead to an increase in volume, it won’t show signs of starting of the accumulation period. He pointed out:
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‘’But this, of course, is not a reason to bury cryptocurrencies. There are both light sides and dark sides, as in any social phenomenon, in any economic institute. And we should just watch closely what happens to them.’’He continued to discuss social inequalities and how the global digital transformation is speeding up saying the cryptocurrency is a part of that fast-going phenomena. The news comes right after major media outlets published the story of Russia’s plan to purchase $10 billion worth of BTC. Turns out that the news was fake. The Russian economist from the Presidential Academy of National Economy and Public Administration Vladislav Ginko pointed out that he strongly believes that Russia might use Bitcoin to fight economic sanctions and this story swamped the media and got massively exaggerated. Russia is, however, preparing a crypto bill that will provide stable cryptocurrency regulation in the next two months. The Duma State will be drafting a regulatory framework in February to regulate ICOs and crypto crowdfunding.
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"TRON is the most ambitious in the dapp field, with a $2 billion Project Genesis launched in the second half of the year. In addition, it spends $100 million on TronArcade to promote its dapp ecosystem."TRON (TRX) launched 97 decentralized applications in 2018, while its ecosystem and community have been growing at an alarming rate. This week, TRX was added to OKCoin, which is one of the largest US exchanges, in order to be traded against fiat, Bitcoin and Ethereum. The report also showed that gambling accounted for $3 billion in transactions over the course of 2018 in dApps.
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