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Winklevoss Twins Unfazed Amid Crypto Winter, Launches Gemini Mobile

Gemini Goes Mobile, Launches Crypto App  

On Tuesday morning, amid a continued imbroglio in crypto markets, New York-headquartered Gemini unexpectedly conveyed a surprising announcement to its following and clients. In a blog post, co-founder and CEO Tyler Winklevoss explained that his upstart would be introducing an in-house mobile platform tied to its flagship product — the world-renowned Gemini Exchange.

Starting today, users of the platform, often lauded as one of Coinbase’s foremost competitors, will be able to download the so-called “Gemini Mobile App” on iOS and Google Play. The application, which joins similar initiatives from Binance, Coinbase, and Poloniex, will purportedly act as an ecosystem to purchase and sell cryptocurrency, a portfolio tracker, price alert provider, and as a pseudo-wallet.

Gemini’s newest program will also facilitate a feature dubbed “Buy The Cryptoverse,” which like Coinbase Bundle and similar vehicles, allows traders to issue basket buy/sell orders for all cryptocurrencies listed on Gemini, weighed by relative market capitalization.

According to Google Play, since the application was released approximately seven hours ago (at the time of writing), it has been downloaded “500+” times. It remains to be seen whether the upstart’s foray into the mobile realm will garner traction from Bitcoin enthusiasts.

Regardless, this endeavor comes down to Gemini’s, and in turn, the Winklevoss Twins’ unrelenting drive for innovation in the cryptosphere, as they see this nascent asset class as the “future of money.” Harvard graduate Tyler Winklevoss, known for his involvement in the controversial Mark Zuckerberg/Facebook case, wrote:

We began our mission to buildthe future of money by creating a licensed cryptocurrency exchange and custodian that allows our customers to buy, sell, and store cryptocurrency in a safe, secure, and compliant manner. A trusted and regulated platform, however, is just the beginning. The future of money is both digital and mobile, and now Gemini is too with the launch of the Gemini Mobile App!

The industry insider closed off the product’s inaugural announcement by claiming that Gemini, which self-describes itself as “the world’s most trusted cryptocurrency platform,” will now be available “into your hands” at a consumer’s beck and call.

The news of this mobile application comes just days after the U.S.-centric platform launched support for Bitcoin Cash (BCH), following its contentious hard fork in mid-November, as reported by Ethereum World News previously.

Winklevoss Twins: “We’re Totally At Home In [Crypto] Winter”

As news broke regarding the product’s launch, Bloomberg released a piece outlining an interview it had with the prominent twins, who reportedly bought up 1% of all Bitcoin (BTC) in circulation following their multi-million dollar settlement with Mark Zuckerberg. Tyler claimed that “we’re totally home in winter,” highlighting the growing sentiment that crypto and blockchain technologies are in the midst of a multi-month lull, as made evident by BTC’s dismal performance.

Yet, like venture capital legend Tim Breyer, the twins seemed calm, adding that 2018’s market tumult has allowed Gemini to “build internally, and refine and kind of catch out breath.” The two went on elaborate on their plans for 2019, claiming that enticing users onto its mobile application will be a priority. The Winklevoss duo added that “a lot of their decisions” have been retail-based, contrary to the sentiment that Gemini is a platform slated for institutional players. As such, the Gemini heads then noted that they intend to make a foray into the Asian Bitcoin market in 2019, hopefully gaining on its crypto competitors in Bitfinex, Digifinex, and Huobi.

In short, Tyler, speaking on behalf of his brother and himself, told Bloomberg:

We’re in this for the long haul… We think it’s a space that’s here to stay

TItle Image Courtesy of Emil Vilsek on Unsplash

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Altcoin Daily Preview: Tron (TRX) Could Bounce back, CoinBase Prospects Bullish for Stellar Lumens

TRX/USD (Tron)

Latest Tron News

Straight from the announcement of the Tron Accelerator, the launch of Tron Developer Suite and the apparent meltdown of crypto prices, Justin Sun, the co-founder of the platform is now urging developers to migrate from EOS and Ethereum platforms.

Read: Tron (TRX) Announces Accelerator Plan For DApp Creation With $1 Million in Prizes

Through a fund that Sun says will “rescue” these developers from imminent “collapse” of their respective platforms, dApp creators would get a boost only if they migrate their work to the Tron Platform.

This is not the first time Sun is throwing sublime jabs at EOS and Ethereum. He has on several occasion been tussling with Ethereum’s Vitalik Buterin who at one time said Tron plagiarized part of its white paper from Filecoin.

TRX/USD Price Analysis

From left to right, prices are negatively sloping meaning the path of least resistance is southwards. But this has been the trend in the last 11 months or so and after tumbling >85 percent, we expect TRX to find support.

At the moment, prices are edging higher in line with Nov 28 bulls and though consolidating within a tight 0.5 cents range, we expect buyers to print higher by the end of the week. The only time we expect bulls is when TRX/USD thrust above our resistance at 1.5 cents–$1.7 cents zone.

Fitting stops will be at 1.4 cents with first targets at 2 cents. Losses below 1.2 cents and 1.3 cents invalidate this plan.

Our TRX/USD trade plan will therefore be as follows:

Buy: Break and close above 1.5 cents

Stops: 1.4 cents

Target: 2 cents

XLM/USD (Stellar Lumens)

Latest Stellar Lumens News

As reported by EWNs, CoinBase—the US based crypto exchange platform has once more announced that it will be exploring 31 digital assets including Stellar Lumens (XLM).

Also Read: CoinBase Pro Lists the ERC20 Tokens of Civic (CVC), DNT, LOOM, and Decentraland (MANA)

This being the second time, the community is pretty excited about the news and could be pointers of what’s to come especially if CoinBase deviates from listing a high supply, low cost pre-mined coin.

Listing on XLM could be attractive for users who would want to diversify waiting for price appreciation now that Stellar has a working relationship with IBM. IBM’s mainframes are still in use by 92 out of 100 global banks and as they have been in service for more than 50 years, an alternative proposed by IBM could easily be adopted even if it means leveraging on the Stellar platform.

XLM/USD Price Analysis

XLM/USD Price Analysis

Stellar Lumens (XLM) is perched at fourth and quite stable in the last few hours. Though XLM is printing higher against the USD, bears are in control. From candlestick arrangement, we expect XLM to print higher and even close above 13 cents triggering short term bulls aiming at 17 cents.

However, since XLM/USD is trending within a bear breakout pattern and prices are below 15 cents, we cannot discount the possibility of sellers stepping up, driving prices below our support zone. If this print out then our XLM/USD will be nullified.

Nevertheless, our short-term XLM/USD trade plan will be as follows:

Buy: 13 cents—Above Dec 9 highs

Stops: 11 cents

First Target: 17 cents

All Charts Courtesy of Trading View.

This is not Investment Advice. Do your Own Research.

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It Is No Longer a Matter of ‘If’, But ‘When’ Coinbase Will List XRP

On the 7th of December, the popular American cryptocurrency exchange of Coinbase made an announcement that excited a lot of crypto enthusiasts as well as angering a few. The announcement was that the exchange was considering support for 31 additional digital assets on its platform. A few crypto enthusiasts wondered why the exchange would provide a new list when the previous list – that still had Stellar (XLM) and Cardano (ADA) – was not complete.

Others pointed out that the exchange went ahead and listed 4 ‘relatively unknown’ ERC20 tokens rather than solid tokens linked to solid projects. These 4 tokens were Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA).

One such complaint can be seen in the following tweet.

A Silver Lining for XRP

The new list did however include XRP thus providing a silver lining for fans of the digital asset who have been waiting for a listing since early January this year. Back then, XRP went on to reach levels of $3.84 as traders were sure it was next to be listed on the exchange. Bitcoin Cash had been listed a few weeks earlier in December 2017.

But the listing fell through and XRP tailspinned to current levels of around $0.30. The decline in value was  however accelerated by the current bear market that was catalyzed by regulatory fears across the globe, exchanges being hacked, hash wars and traders throwing in the towel due to investor fatigue.

XRP Continually Resilient

However, amidst the turmoil, XRP has managed to become one of the most resilient digital assets in the current bear market. XRP has slowly but surely climbed the ranks according to market capitalization even edging out Ethereum (ETH) in the process. XRP is now ranked second according to market capitalization.

Discrepancies Between Coinmarketcap.com and Yahoo Finance

XRP traders have noted that when using the popular cryptocurrency tracking website of Coinmarketcap.com, $50 Billion in market capitalizations stands between XRP and Bitcoin: The King of Crypto.

Checking the cryptocurrency screener on Yahoo Finance, we find that the difference in market capitalization between the top two is  now reduced to $30 Billion. A screenshot from Yahoo has been provided below for a better visualization.

The difference between the two tracking websites is that Coinmarketcap does not include the entire supply of XRP when doing its calculations for market capitalization. It uses 40.92 Billion XRP to reach the market cap figure of $12.86 Billion. Yahoo on the other hand, uses the entire 99.99 Billion XRP to calculate its market cap figure of $31.367 Billion.

Market Reaction When Coinbase Lists XRP

This then leaves us with the question as to what will be the market reaction when Coinbase lists XRP. The exchange has already provided the information that it is exploring listing the digital asset. Therefore, it is safe to assume if XRP is listed in the coming days, it could close the gap it has with Bitcoin or even succeed in dethroning the King of Crypto.

Using Coinmarketcap figures, XRP needs only be valued at $1.525 to dethrone BTC. On the other hand, when using Yahoo’s figures, XRP needs to be valued at $0.624 to achieve a similar feat.

Do you think Coinbase will list XRP soon? What will be the market reaction of such an event? Please let us know in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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Coinbase Pro Lists the ERC20 Tokens of Civic (CVC), DNT, LOOM, and Decentraland (MANA)

A few hours after the popular cryptocurrency exchange of Coinbase announced that it was exploring listing 31 new digital assets, the Pro version of the exchange has informed the crypto trading community that it was listing the ERC20 tokens of Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA).

Coinbase’s Support of the ERC20 Technical Standard and Listing of the 4 Tokens

The announcement went on to explain why the exchange went ahead with listing the four tokens on Coinbase Pro.

Earlier this year we announced our intention to support the ERC20 technical standard across Coinbase. Following our recent launches of 0x (ZRX), Basic Attention Token (BAT), and our stablecoin, USDC (USD Coin) — all of which are built on Ethereum’s ERC20 standard — we’re now announcing support for Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA), on Coinbase Pro.

The exchange has already begun accepting inbound transfers of CVC, DNT, LOOM and MANA on Coinbase Pro.

Deposits will be open for 48 hours prior to the exchange opening full trading of the digital assets. The 2 day waiting period is considered as ample time for the tokens to gain sufficient liquidity for each respective USDC order book.

Trading will be initially accessible to Coinbase Pro users in the US, UK, European Union, Canada, Singapore and Australia. However, residents of the State of New York and other jurisdictions will not be able to access trading of these tokens until a later date.

Popular Coins Not Forgotten By Coinbase

Coinbase went on to acknowledge that the listing of the new tokens might be taken as the exchange ignoring other popular cryptocurrencies. The team went on to explain that their decision to list ERC20 tokens was due to the relative ease of integrating the standard on the platform.

The announcement explained this further as follows:

We recognize that there are popular assets that we have not yet added to our platform.

Our decision to add ERC20 tokens first is based on the relative ease of integrating the standard with our existing infrastructure, particularly from a security standpoint.

However, as noted in our earlier post, we are exploring the addition of many new assets beyond ERC20 tokens on a jurisdiction-by-jurisdiction basis.

We Might Wait A While for the Exchange to List ADA, XLM, XRP and Other Coins

The Coinbase explanation that it is easier to integrate ERC20 tokens on the platform, is in line with our earlier discussion that we might need to wait a while for the exchange to list coins on their own networks such as ADA, EOS, NEO, XLM, XRP and Tezos (XTZ). The addition of the 4 digital assets proves that ERC20 tokens will be listed first.

What are your thoughts on Coinbase listing the four ERC20 tokens of CVC, DNT, LOOM and MANA on Coinbase Pro? Please let us know in the comment section below. 

[Image courtesy of News.Earn.com]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

The post Coinbase Pro Lists the ERC20 Tokens of Civic (CVC), DNT, LOOM, and Decentraland (MANA) appeared first on Ethereum World News.

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Major Crypto Exchange Coinbase ‘Explores’ Listing XRP, Cardano, EOS, Others

U.S.-based crypto exchange Coinbase “explores” adding support for 31 cryptocurrencies, including major coins such as XRP, EOS, ADA.

Major United States-based crypto exchange Coinbase is “exploring” the possibility of providing trading support for over 31 cryptocurrencies. Potential new additions include Ripple (XRP), EOS and Cardano (ADA), according to a press release published Friday, Dec. 7.

The company has revealed a list of 31 cryptocurrencies, including the aforementioned three, as well as NEO, Tezos (XTZ), and others. Coinbase states that it “will be working with local banks and regulators to add them in as many jurisdictions as possible.”

List of cryptocurrencies Coinbase is considering to add

List of cryptocurrencies Coinbase is considering to add. Source: blog.coinbase.com

Coinbase added that a cryptocurrency being present in the list is not a guarantee that it will ultimately be added, as any coins could face some restrictions or might not be listed at all, after their evaluation is finished:

“Adding new assets requires significant exploratory work from both a technical and compliance standpoint, and we cannot guarantee that all the assets we are evaluating will ultimately be listed for trading. Furthermore, our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet.”

Back in September, Coinbase announced a new listing process that would allow it to add digital assets faster than before. However, the crypto exchange has pointed out that the new procedure only applied to digital assets that were compliant with their local regulations. Thus, certain assets listed by Coinbase might only be available to customers in particular jurisdictions.

In November, the U.S.-based crypto exchange added Ethereum Classic (ETC) and later Zcash (ZEC) trading to its platform.

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Coinbase CTO Clarifies That The Firm Will Not Trademark the Word BUIDL

Earlier on in the day, there were news reports that the American cryptocurrency exchange of Coinbase had intentions of trademarking and owning the term ‘BUIDL”. The term is an intentional misspelling of the word ‘build’ that has been popularized by developers building on the blockchain. The CEO of Binance, Changpeng Zhao, has used the term several times to explain to the crypto community that the best thing to do during a bear market, is simply to keep BUIDLing.

Crypto community members have even proposed that BUIDL should replace HODL as can be seen in the following tweet by @KoroushAK.

The Trademark Application By Coinbase

The application to the Commissioner for Trademarks in the United States is available online and it clearly states that Coinbase Inc, a corporation of Delaware (USA), is the sole applicant wishing to trademark the word BUIDL.

Coinbase CTO Clarifies that the Firm Will Not Trademark BUIDL

Talk on twitter of Coinbase trademarking the word has caught the attention of the firm’s Chief Technology Officer, Balaji Srinivasan.

Mr. Srinivasan has in turn clarified via twitter that the firm’s CEO – Brian Armstrong – and himself, do not believe in trading such words that obviously belong to the crypto and blockchain communities.

His tweet can be found below.

Mr. Srinivasan also explained that the firm had no intention of preventing the community from using the term.

In more detail: the team had no intention to prevent the community from using it. There had been thought of a feature named Coinbase BUIDL and they didn’t want to attract patent trolls for a common term. Was 100% defensive filing.

What are your thoughts on the initial report of Coinbase trademarking the word BUIDL? Do you agree with the firm’s CTO that such unique words belong to the crypto community? Please let us know in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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Coinbase Seeks Trademark for Term ‘BUIDL’ as Crypto SaaS

Coinbase has applied to register a trademark for the word “BUIDL,” to refer to SaaS for crypto transactions.

Major crypto exchange Coinbase is seeking the trademark for the crypto-industry term “BUIDL,” according to an application filed with the U.S. Patent and Trademark Office (USPTO) on Oct. 2

The word is the intentional misspelling of “build” and is analogous with the word “hodl,” the crypto community’s misspelling-turned-term that indicates holding cryptocurrencies, instead of selling them. In the crypto space, the “BUIDL” moniker refers to focusing on building products as a way to support the industry, as opposed to only holding crypto assets as an investor.

According to the application document, the company seeks to trademark the mark “BUIDL” itself, which it clarifies “consists of standard characters, without claim to any particular font style, size, or color.”

The mark’s identification in the filing states that the term relates to software as a service (SaaS) “featuring software for transactions using virtual currency.” Specifically, “BUIDL” SaaS services would include “software for managing, buying, selling, storing, transacting, exchanging, sending and receiving virtual currency.”

This summer, Cointelegraph reported that Coinbase had patented a proposed new method for securing Bitcoin (BTC) payments.

In September, crypto industry investors Cameron and Tyler Winklevoss’ firm filed a patent with the USPTO for “securely storing digital assets.”