Coinbase is viral in today’s crypto news, for the official announcement and the process of listing 0x (ZRX) which is an ERC-20 token that runs on Ethereum, on its professional order-book exchange Coinbase Pro (formerly known as GDAX).
The recent move comes in an attempt and big plan to list hundreds of new assets over the coming months and years. However, this does not mean that Coinbase has lost its status as one of the kings in the crypto-token world.
The price of ZRX surged 17% as an aftershock, while its trading value spiked from about $0.68 to a high of just under $0.92 in the minutes following the announcement. Even though the token since settled down from the peak, 0x is now still trading near $0.77 with a 24-hour gain of about 17%.
With the official listing on Coinbase, 0x is now the first ERC-20 token listed on the platform. Ethereum (ETH) has also been available on the exchange for some time, while the company added support for Ethereum Classic (ETC) over the summer as well.
What’s most important to note is Coinbase’s decision to not initially list the 0x token through its eponymous brokerage service, which is tailored for retail investors and is popular among first-time buyers. The company said that it plans to make a separate announcement when this occurs.
Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
“Even if the SV mining collation do catch up with ABC or if they manage to do hostile chain re-orgs, its highly unlikely BCash ABC users & investors will ever switch to follow SV. ABC users just need to be patient & wait it out. @CalvinAyre & the SV miners will eventually give up,” BitMEX wrote on Twitter, doubling down on Jonathan Bier’s pre-fork prediction that miners would ultimately abandon the BSV fork.Currently, people are wondering how does the BCH hard fork affect other projects such as Bitcoin. The good news here is that the fork has no effect on BTC other than making it even less likely that Bitcoin Cash (BCH) will overtake Bitcoin (BTC) and claim its mantle.
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‘Time May Be Right’ For Home Crypto Mining: Coinbase CTO
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine.”This is a notable perspective mostly because Srinivasan previously founded 21.co which was a startup that emerged from stealth in 2015 and had an ambitious plan to embed Bitcoin miners in everyday devices- which was then backed by Coinbase Ventures. Following the Coinmine announcement, Srinivasan wrote:
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine."As we can see from the above stated, the CTO of Coinbase seems optimistic about Coinmine's ability to add even more coins later, foreseeing a future where the company could play a key role in the launch of new tokens.
“I believe that decentralized mining is an important idea and worth trying again. It’s mining as Satoshi intended: many devices around the world with no single point of failure." Srinivasan concluded.
Crypto Exchange OKCoin Expands To Latin America, Launching A Fiat Market
"We’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence,” Buyn said following the official announcement.He also pointed that the Latin American market is extremely important for the exchange as it is for many crypto and blockchain industries.
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