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Cardano (ADA), BAT, Stellar (XLM), ZCash and ZRX Continue to Gain Amidst Coinbase News

In a tweet just yesterday, popular American cryptocurrency exchange known as Coinbase, announced that it was exploring the possibilities of adding the following 5 cryptocurrencies on its platform:

  • Cardano (ADA)
  • Basic Attention Token (BAT)
  • Stellar (XLM)
  • ZCash (ZEC)
  • Ox (ZRX)

The team at Coinbase added that:

We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.

They also cautioned that the listing of the 5 new digital assets was not a guarantee:

Unlike the ongoing process of adding Ethereum Classic, which is technically very similar to Ethereum, these assets will require additional exploratory work and we cannot guarantee they will be listed for trading.

What then happened, is that each of this digital assets soared in the markets by the double digits. Crypto-traders loved the fact that Coinbase had even mentioned the possibility of adding new assets on the platform.

The screenshot below from CCN.com shows the performance of the digital assets right after the Coinbase announcement.

Market reaction after the Coinbase announcement. Source, CCN.com

Looking once again at the 5 digital assets, we find that Stellar (XLM) is up 6.17% and is trading at $0.198. Cardano (ADA) is trading at $0.136 and up 5.59% in the last 24 hours. ZCash (ZEC) is currently up 9.32% and trading at $172. Ox (ZRX) is showing impressive gains at 15.84% and trading at $0.95. Basic Attention Token (BAT) has not been left behind and is currently up 15.27% in the last 24 hours and trading at $0.30.

Current market performance. Source, coinmarketcap.com

The performance of these 5 digital assets has shown that the crypto-markets can still get exciting despite the bearish mood. The total market capitalization is currently at $247 Billion and Bitcoin (BTC) is trading at $6,233. However, many crypto traders are optimistic that the tide will change with the existing Bitcoin ETF filing by the CBOE still under review by the SEC. If the SEC approves the ETFs, the crypto-markets will once again be alive. South Korea has already given exchanges in the country, the go ahead to continue trading after meeting new regulatory requirements.

Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

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Underpaid YouTube Stars Can Now Earn Brave Browser Tokens

Users of the Brave Browser can now donate cryptocurrency, including the company’s Basic Attention Token (BAT), directly to YouTubers.

With today’s release of version 0.19.x, the ad-blocking browser built by Mozilla co-founder and Javascript creator Brendan Eich now allows automatic and anonymous cryptocurrency donations to individuals on YouTube, an expansion of its service which before now was limited to domain-level projects, such as websites like CoinDesk.

With Brave’s update, however, views of YouTube videos no longer count toward Google’s page views. Instead, the browser will start logging viewing time on behalf of the creators who made the content. Previously, the site only credited URLs specifically, so it couldn’t track individual accounts on the video-sharing platform.

But “YouTube was squarely in our sites from the beginning,” Eich told CoinDesk in a phone call.

In a blog post, the company wrote:

“Previously, YouTube creators could not be listed as individual publishers in Brave Payments. This change allows BAT contributions to flow directly into their wallets. The Brave browser determines the YouTube creator name from a YouTube video, no matter what site embeds it.”

There are approximately 243,000 Brave browser wallets that have been opened so far, allowing users to hold crypto funds, originally bitcoin, for later distribution to publishers and video creators. But in order to create a faster, less invasive internet browsing experience, Brave held a $35 million initial coin offering for its Basic Attention Token (BAT).

Within the new version, Brave’s wallets will hold either BAT token or bitcoin that can be used to donate to YouTubers, which could disseminate the cryptocurrencies to a wider user base.

The average funded wallet amount has roughly $45 worth of crypto in it, though this could be largely due to the growth in bitcoin’s value after users deposited funds in their wallets. Older Brave users automatically have bitcoin as their default currency, but the company is actively working to get users to update their browsers to a new version that automatically converts funds to BAT.

Potential appeal

But, YouTube is just the beginning. Basically, all video sites use the same protocol, OAuth, to verify that publishers are who they say they are. Brave will be able to tap into that as well, in order to make sure it pays the right people.

Once it knows that process is working for YouTube, it can roll the payments out to creators on other sites, for instance Vimeo.

“This is an induction exercise. We’re really trying to disintermediate the unfair and fraud-prone ecosystem,” Eich said.

Brave Payments page (Courtesy of Brave).

Should the system work, YouTube is likely an influential one to get right.

YouTube stars have incredible reach and influence with their followers. Many of them have been dissatisfied over the last year with automated demonetization of their videos.

While Brave blocks YouTube ads natively, it will give videomakers a way to continue to use YouTube and still earn money off their videos, whether YouTube thinks the content merits it or not.

And at the very least, if some popular YouTubers start talking about the system, it will educate a lot of young fans about cryptocurrency and ad-blocking.

“We hope they’ll promote Brave to their followers,” Eich said.

YouTube image via Shutterstock.

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.