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Coinbase Officially Announces Cosmos (ATOM) Support

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The latest Coinbase news feature one kind of a surprise move for many traders where the cryptocurrency Cosmos (ATOM) was officially rolled out. Since Monday, January 13, the exchange offers ATOM to any Coinbase Pro accounts and users. Now that Coinbase officially decided to bring support for this cryptocurrency, transfers are expected to take place during office hours only.

In an official blog post on Coinbase Pro, the exchange announced that starting from January 13, 2020, ATOM inbound transfers will be accepted for a minimum of 12 hours before the beginning of full trading. The schedule also states that trading will begin at 10:00 PT if enough ATOM is accumulated.

If this is the case, trading will commence over a series of stages. In the first one, only posting is enabled. In the second one, full trading can begin if the available metrics promise that the market will be both favourable and profitable.

As Coinbase officially said, the supported trading pairs include ATOM/BTC and ATOM/USD but the exchange is planning to list a lot more assets at some point soon. The announcement also states that the ATOM coin can be accessed in all of the regions of the world where Coinbase is present. However, the exchange also notes that ATOM staking is still not an option.

The ATOM launch as Coinbase officially puts it is scheduled to occur over a series of stages. All of this was planned so that the entire process can be carried out orderly and healthy trading can occur at all stages without panic. The exchange can decide to prolong the stay of assets in a single stage or multiple stages and can suspend trading at any time if it thinks that this is necessary. All of these steps will help Coinbase assume and regain control quickly if the market is deemed to be chaotic.

Before the ATOM launch, the exchange caught the attention of many by promising that there would be a slew of standard assets on the platform. There are many reasons to think that this promise will be met at some point in the future – and very soon.

In today’s crypto news from the market, we can see that Cosmos (ATOM) is trading at $4.44 with a 7% decline on the day after the downward move on the market.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Coinbase Is Now A Principal Issuer Of Visa Debit Cards

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The regulation crypto news today show that one of the leading exchanges out there named Coinbase is now a principal issuer of Visa debit cards without the need to rely on third parties. This membership is actually an evolution of the current relationship that the exchange has with Visa, in which they will officially provide Visa-based debit cards for their users. The Coinbase Card will allow customers residing in the European Union or the European Community to spend multiple cryptocurrencies as part of the deal. While the debit card itself can function globally, it still cannot be ordered by people who are residing outside of the European Union. As the Coinbase news today show, the card is seeing the most usage in the United Kingdom followed by Italy, France and Spain. Coinbase is now a principal issuer of Visa debit cards and through the direct integration with the company, the exchange promises that it will be able to provide additional services as well as support more markets. They also asserted that it is the first "pure-play crypto company" which will become a principal member. Even though the regulation crypto showed that the card was launched initially in 2019 for the UK market, Coinbase previously supported the Shift crypto card which drew funds from the users' exchange balance - a service that was launched in 2015. Just like many other cryptocurrency debit cards, Shift was hit hard by the revocation of the WaveCrest Visa license in early 2018. The company, based in Gibraltar, was the issuer of almost all debit cards which served cryptocurrency users but were forced to shut down their operations in early 2019. Anyways, the fact that Coinbase is now a principal issuer of Visa debit cards means a lot for the entire cryptocurrency regulation. What is still unclear, though, is when or how the transition to the new Coinbase-issued cards will occur. There haven't been any comments from the exchange's representatives or replies to a request for comment. We will update our cryptonews section with more details on this deal in the following days. A lot of analysts saw this move as "the holy grail" in card issuing, now that a cryptocurrency exchange is an official partner of a company in the caliber of Visa.
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Coinbase Trashed As The Platform Puts 25% Fee For Staking Tezos

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Earlier today the users of Coinbase trashed the platform as they charged a 25% fee for Staking tezos, since they believe that a platform such as Coinbase should charge minimal fees and not make it higher so let’s read more in the coinbase news today. Staking became extremely popular in the crypto world but the exchanges are seemingly asking for a bigger piece of reward. Despite the fact that users of Coinbase trashed the platform, Coinbase is still among the largest and most trusted exchanges in the industry but we will see how that turns out after the 25% staking fee on Tezos. Staking was rolled out by Coinbase in November 2019. According to the prices and fees disclosure of the exchange, ‘’coinbase will distribute this reward to your after receipt by Coinbase, minus a 25% commission.’’ Things do not look promising where the staking of the assets is concerned. Coinbase even confirmed to its users that they will be able to stake Tezos online and to do so they will use CB As an actually validated baker. Rather than keeping the fees to a minimum, Coinbase will charge a few of 25% which is a crazy amount for all intents and purposes. The company does have a habit of charging high commissions for virtually everything that someone should do on the platform. Tezos staking commissions across the exchanges all seem to have hovered above the 15 percent mark which is unacceptable. This is also another reason why no one should keep their funds in a centralized exchange as well. Staking XTZ can be done through other means too with much lower costs. Coinbase has been criticized for high fees before in the past and the exchange was making money on the staking trend in blockchain but also set the price for its services way to high. As one of the users wrote, at least the UI for the exchange is incredible despite the massive commission rate. Some users were also confused over why Coinbase should do this. This could possibly har their business in the long run despite the fact that it now leads the entire market in Bitcoin under custody. Coinbase now has more than 966,230 BTC in the cold wallets and the exchange still has supportive clients that do not need to dissuade XTZ holders.
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Coinbase UK Branch Starts Providing Support For Cosmos

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A few days ago, the Coinbase UK Branch started supporting Cosmos (ATOM) along with the iOS apps and on Coinbase Android as well. All of the UK customers now will be able to enjoy their Cosmos tokens on the platform as we are reading in the coinbase news UK. The users of Cosmos will be able to purchase, sell or trade an increased number of assets via the GBP wallet which is backed by a GBP bank account or debit/credit card. As per the coinbase news UK, the crypto exchange was founded in 2012 and it has carved a massive reputation as a leading digital currency wallet and platform which allows traders and customers to transact with the biggest cryptocurrencies including Litecoin, Ethereum, and Bitcoin. The company has headquarters in San Francisco, California but opened many offices around the world as well. Now, the Coinbase UK branch allows the users to buy or sell Cosmos which can be described as an interoperable blockchain protocol that allows the transfer of data between the chains. It operates through a hub and spoke model that can heavily influence the algorithm that was initially created by Tendermint for obtaining the same protocol. It is also worth noting that Cosmos’s structure is based on the Byzantine Fault Tolerant consensus algorithm that was created by Tendermint for having the protocol. The coinbase news UK say that as the platform started bringing support for a larger number of assets, it will help more to bring the company much closer to the long-lasting objective. This move will bring bigger economic liberty, innovation, and equality for the users across the world. Earlier, the crypto exchange-Coinbase, explained that the most common requests that are demanded from the exchange’s users were about the capacity to buy and sell a bigger number of cryptocurrencies on Coinbase itself. The crypto exchange is now trying to figure out a way to improve and bring new tools to allow people to easily comprehend and discover cryptocurrencies, as well as to make the entire job of trading much easier for novice traders. Cryptocurrency exchanges that offer ATOM trading now include Hotbit, BitForex, Coinone, and GDAC. With a market cap of $881 million right now, ATOM is trading at $4.62 and has been seeing a massive increase this month.
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Coinbase Commerce Adds Support For DAI Stablecoin

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Coinbase Commerce, the merchant payments arm added support for the DAI stablecoin thus bringing together the decentralized finance and online retail as we are reading in the coinbase news today. MakerDAO announced back on Thursday that coinbase commerce had integrated DAI as a new payment method which will open the cryptocurrency to the affiliated online merchants and online commerce platforms such as Woocommerce and Shopify. The integration will further introduce ‘’ merchants to a growing segment of the crypto market and will allow them to bridge the gap between DeFi dapp entrepreneurs and their own real-world businesses’’ according to the report. Coinbase Commerce is free to use for online retailers and even allows them to integrate cryptocurrency into their business operations. Starting out with Ether, Bitcoin, Litecoin and Bitcoin Cash, the platform has only added more support for USDC which is a stablecoin created by Coinbase and Circle as a part of the Centre consortium. Coinbase still hasn’t commented more about this topic. With the new integration, the merchants will be able to make some interest on the received DAI by transferring them into the DAI savings rate from the maker protocol smart contract. The DSR interest rate reached 0.75 percent by community vote back in February. MakerDAO stated that the integration will boost the DAI perception and will increase adoption. There is now about 435,000 ether which is worth about $117.4 million which were locked in DAI vaults and they got down more than 75 percent since the all-time high in November, according to the statistics site MRK tools. Maker vaults create DAI as the users commit collateral assets into them. The Coinbase Commerce integration means that the DAI will be accepted at about 4 million online merchants that will use the payment services. Coinbase said that it has surpassed more than $135 million in merchant transactions in 2019 which is a 600 percent increase since 2018. The latest Coinbase news shows that the exchange looks forward to the May Bitcoin halving event which draws closer. In fact, the exchange recently took to pushing the “Bitcoin as digital gold” narrative. A tweetstorm shows that Coinbase claims Bitcoin will officially become the new digital gold, outlining all the reasons why the halving and the subsequent supply rate reduction can cement its position.
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