Cryptocurrency EOS is now available for trading and storage on the crypto exchange giant Coinbase according to a press release which we are reading today in the latest cryptocurrency news.
According to the press release, Coinbase has officially added support for EOS (EOS) on May 30. The new addition as mentioned is available for trading in most Coinbase covered areas with the exception of New York and the United Kingdom.
The announcement also pointed out that there will be no transaction fees associated with the cryptocurrency EOS since the cost will be paid in computing resources such as CPUs, RAM tax and network bandwidth. All of the users that will run the network will earn the EOS tokens by contributing to the computational power that is much needed to run the transactions.
According to the press release:
‘’One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. In September, we announced a new process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see EOS here), as well as a new section of the Coinbase website to answer common questions about crypto.’’
EOS is one of the largest cryptocurrencies that was recently added to an exchange such as Coinbase. The cryptocurrency has a market cap of over $8 billion and right after comes Ripple’s XRP token that was added in February. Coinbase also provided support recently for DAI and the USD Coin (USDC).
Earlier in May as noted in the coming altcoin news, the crypto exchange Giant expanded its global offerings and announced trading support for over 50 new jurisdictions. Coinbase also launched an educational program with small crypto payments named Coinbase Earn that is now available in more than 100 countries.
The Vice President of Business, Data, and International at Coinbase Emilie Choi, confirmed that decentralized trading is not an option for the exchange at this time. Choi said:
“We have to make sure that if we offer a dex that we’re doing it in a way that is safe and secure and compliant. I think that there’s not a lot of clarity right now on how that would work. We think this space is interesting but we’re not actively investing in it right at this moment.”
EOS.IO ‘’Voice’’ Social Network Has An Official Launch Date
“Voice Tokens are conceived as the gateway to all forms of promotion and advertising on the platform.”Voice will not be an anonymous platform but a transparent one. It will ask users to identify themselves in order to publish content, thus eliminating fake accounts, catfishing, and bots.
“By allowing users to see who and how much is behind promoted content, it makes promotion more engaging and less manipulative,” Block.one states.Voice will compete with few crypto reward systems. Steemit, created by EOS founder Dan Larimer, is a certain forerunner of Voice. Brave, Coil, and Minds all share certain similarities- the crypto reward system- with Voice. Libra is another platform that could be compared although it is not a reward token, it will be a part of the famous Facebook social network, the Empire of Mark Zuckerberg.
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“We’re in the midst of an ongoing, open conversation with legislators and regulators to make sure Voice is ready for users.”The company also claimed that the new platform will “cut out opaque one-sided data auctioneering, eliminating hidden algorithms and cycle value back into users’ hands in the form of the Voice Token.”In the other news, we can see that the subsidiary of eToro, eToroX, recently decided to list the EOS cryptocurrency on its exchange. However, we can see that the price of EOS has not moved much as a result of this listing.In fact, the market update shows that the price of EOS dropped by 67% ever since Block.one announced the Voice project in June this year. Right now, EOS trades at $2.75 and is down by 4% in a week and 25% in a month. The price of the cryptocurrency, however, is still up by 24% this year.The other altcoin news today show that the leader in the top 10 is Litecoin (LTC) with a 2.47% increase, followed by Cardano (ADA) which also surged by more than 2% on the day.
eToro Subsidiary eToroX Now Lists EOS On Exchange
“We believe that we can leverage blockchain technology to open up financial markets. The flexibility, scalability, and secure processing capabilities of the EOSIO protocol significantly help the push towards mass adoption, which is an integral part of our ethos. We are extremely excited to add an EOSIO-based crypto asset to our secure and regulated exchange. The launch of yet another blockchain protocol shows how the eToroX Exchange is continuing to grow and expand into a significant presence in the cryptosphere.”EOSIO software powers the EOS smart contract platform and the entire decentralized operating system. The EOS token provides both storages on the blockchain and bandwidth enabling ownership that is proportional to the total stake plus the owner participation in the on-chain governance of the blockchain. The exchange, on the other hand, is consistently identifying new and important technological advancements and the robust EOS offering is now a testament to the support for open source innovation.The CEO and co-founder of eToro Yoni Assia commented:“EOS is one of the foremost projects in the world of Blockchain. By adding the EOS token as a base/counter currency for trading pairs on the eToroX crypto Exchange, we are enhancing and strengthening our well-established connection with EOS.”Over the past few months, eTorox continues its goal of providing access to the world of crypto trading to more people and it will also launch more new crypto assets and stablecoins and announce further trading pairs where more currencies are pegged to fiat counter currencies.
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