December 12th Post Mortem

Over the past month, Coinbase has continued to prioritize scaling our backend systems so that we can provide a reliable customer experience during periods of high traffic. Despite our improvements, on December 12th, all time high levels of traffic lead to periods of slowness and elevated error rates.On December 11th at 22:00 PST Coinbase underwent scheduled maintenance to improve database performance. One of the techniques we utilized during this maintenance window was to distribute database load by splitting existing datasets to new clusters.On December 12th, starting at 04:00 PST, traffic began to climb as a result of large Litecoin price movements. At 04:15 PST, two of the new clusters from the maintenance window began to experience slowness as a result of the slower network attached disks used by …

Announcing Lionshare

? Simple cryptocurrency price and portfolio monitor for macOSNote: Lionshare is an open source product born from a Coinbase hackathon and not an officially supported product by Coinbase. But it’s fun and simple so you should try it out.A big part of cryptocurrencies today is price speculation. This shouldn’t be a surprise to anyone who has lived through the hype cycles, of which the most famous is Bitcoin’s 2013 winter bubble when it reached ~$1200 per bitcoin. The past few months have been especially exciting for owners of not only Bitcoin but also Ethereum, Augur and other cryptocurrencies which have grown in adoption and value during 2016.https://medium.com/media/2d3afe9017b09f3d51d2c0aef82589bc/hrefThis is why we decided to build Lionshare, …

How Ethereum Has Become The IBM Standard Of Our Era

There is way too much tribalism in the crypto industry. While competing platforms are healthy for general growth, the constant bashing of rivals does little positive for the overall scene. Ethereum has more than its fair share of detractors, but there is no disputing that it is still the dominant smart contract platform of our time.Ethereum Akin to IBM of Computer AgeTo draw comparison partner at New York based VC firm Placeholder, Joel Monegro, looked back at the beginnings of the computer industry in the 1960s and 70s. IBM was the leader of the pack despite it having a number of competitors which poured funds into developing superior technology.Ethereum could be compared to this since it is currently the world’s dominant smart contract platform despite …

Crypto Market & Bitcoin Grinding Higher: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap extended its upside and climbed above the $255.0B resistance.Bitcoin price also gained traction and traded above the $10,500 and $10,600 levels.Litecoin (LTC) price is likely to break the $70.00 resistance area and it could continue higher.BCH price is above to surpass the main $300 resistance level in the near term.Tron (TRX) price is still struggling to surpass the key $0.0160 and $0.0162 resistance levels.Cardano (ADA) price is trading well below the $0.0500 resistance area, with range moves.Bitcoin (BTC) and the crypto market cap are showing many positive signs. Ethereum (ETH), LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB might rise in the short term.Bitcoin Cash Price AnalysisBitcoin cash price managed to recover above …

Announcing Ethereum Foundation and Co-Funded Grants

We are today unveiling over $2M USD in Foundation-led and co-funded grant funding aimed at furthering Serenity (Eth2.0) development as we move nearer to the launch of the Beacon Chain. Eth2.0 Client Grants In recent months, the Ethereum Foundation granted substantial awards to leading client development teams currently tasked with…

Live: Devcon5 Final Ticket Appeals

This is it: Final appeals are the last way to book your ticket to Osaka for Devcon 5 Note: All participants in the on-chain Devcon Ticket Raffle and Auction will receive an NFT-ticket to Devcon5! In the next days, your ERC-721 and will be issued to the addresses used in…

NEXO Token Holders Receive US$2,409,574.87 in Dividends

Nexo is delighted to announce that the Dividend Payment of US$2,409,574.87 to NEXO Token Holders scheduled for August 15, 2019, is now complete. NEXO Token Holders can simply log in to the Nexo Mobile App to view the dividend that has been credited to their wallets. The annualized dividend yield is an impressive 12.73{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940}, which surpasses all of the highest dividend-paying stocks in the S&P 500. Nexo’s innovative dividend-distribution methodology rewards long-term investor confidence and also decreases market volatility around ex-dividend dates. It consists of two parts – the Nexo Base Dividend and the Nexo Loyalty Dividend, each making up 50{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} of the total amount in the current distribution. Since the April 2018 launch, Nexo has seen exorbitant growth of the registered user base to 250,000+…

Bakkt Is Good For Bitcoin And Ethereum Too – The Market Hasn’t Priced That In Yet

Bakkt’s bitcoin futures and custody platform launch on 23 September is a shot in the arm for crypto, but in addition to boosting bitcoin it could also raise the profile of Ethereum. The long-awaited physically settled futures should qualitatively shift market composition toward greater institutional influence. A crypto trading and payments ecosystem, Bakkt is a subsidiary of Intercontinental Exchange, the owner of the New York Stock Exchange. Bakkt hopes to quicken the pace of institutional bitcoin adoption. Its custody pitch for best of class offering comes in its securing of $125 million of insurance protection for its bitcoin “warehousing” custody arrangements. The bitcoin price reacted positively on the announcement from Bakkt. As it happens, the timing more than cancelled out the unsurprising news that the US SEC…

Dow Soars But Federal Reserve Descends Into Civil War

The Dow soared toward a blockbuster recovery on Wednesday after positive developments in Hong Kong removed one potential complication from the trade war landscape. However, conflicting opinions on interest rate policy suggest that the Federal Reserve risks descending into civil war ahead of a closely-watched policy meeting this month. Dow Whips Back Into Recovery Mode […] The post Dow Soars But Federal Reserve Descends Into Civil War appeared first on CCN Markets

This Stock’s ‘Infinity Short Squeeze’ Could Put Bitcoin’s Surge to Shame

If you thought the short squeeze of Beyond Meat stock – which sent BYND over $200 per share – was insane, you haven’t seen anything yet. Here comes an “infinity short squeeze” on Revlon stock. Revlon’s Entire Float is Sold Short Ronald Perelman has amassed an 87{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} ownership stake in Revlon, and his daughter is […] The post This Stock's 'Infinity Short Squeeze' Could Put Bitcoin's Surge to Shame appeared first on CCN Markets

Coinbase continues to explore support for new digital assets

We are continuing to explore the addition of new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible.As we announced in September, Coinbase’s goal is to offer support for all assets that meet our standards and are fully compliant with local law. Over time, we intend to offer our customers access to greater than 90{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} of all compliant digital assets by market cap. To make this vision a reality, we evaluate prospective assets against our Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world.Digital assets that Coinbase is exploringTowards that end, Coinbase is exploring a broad range of assets …

Coinbase welcomes customers from six new European markets

Since launching in 2012, Coinbase has continually worked toward its mission of creating an open financial system for the world. Over the past six years, we’ve expanded our footprint from the U.S. to 33 countries across the globe, making it easier for more people to buy and sell cryptocurrencies. Today, we’re taking another significant stride toward realizing our mission by announcing the rollout of Coinbase to six additional European markets.Starting today, Coinbase will be available in the following regions:AndorraGibraltarGuernseyIcelandIsle of ManLithuaniaNew customers in these markets will be able to make full use of Coinbase.com and our iOS and Android apps, allowing them to buy and sell cryptocurrencies on the Coinbase platform for the very first time. We also hope to make Coinbase Pro and Prime …

Binance Issues Report On PBoC’s Digital Currency

A research report from crypto exchange Binance has claimed that the digital currency being developed by the People’s Bank of China (PBoC) will be backed one-to-one by fiat, replace notes and coins in circulation, and operate on a two-tiered system. The first tier will connect the PBoC’s digital currency with commercial banks for currency issuance and redemption, and the second tier will connect it with individuals and businesses.

SEC Settles With Crypto Exchange Bitqyck And Its Founders

The US Securities and Exchange Commission (SEC) has settled with crypto exchange Bitqyck and its founders Bruce Bise and Sam Mendez over what the SEC believed was an unregistered token sale that raised $13 million. Bitqyck will pay a civil penalty of $8.5 million on top of disgorgement and prejudgment interest. For the two founders, Bise will pay $890,254 and Mendez will pay $850,022.

Ethereum (ETH) price analysis: ETH/USD range-bound with bearish bias – FXStreet

Ethereum (ETH) price analysis: ETH/USD range-bound with bearish bias FXStreetThe second-largest cryptocurrency with the current market capitalization of $19.2 has been oscillating in a tight range with a bearish bias. ETH/USD h.from “ethereum” – Google News https://www.fxstreet.com/cryptocurrencies/news/ethereum-eth-price-analysis-eth-usd-range-bound-with-bearish-bias-201909040552

Bitcoin Rebuffed at $11,000 But Still In Bull Territory

Bitcoin has failed the $11,000 test again although it was a pretty half-hearted attempt. Touching $10,948 on Coinbase, the price quickly retreated to currently trade at . Just as the 200 MA on the day chart is providing support, it is the 4-hour 200 MA that s the resistance that could prove a hard nut for the bitcoin bulls to crack. Bitcoin is $1,000 higher since the news broke of Bakkt bitcoin futures going live on 23 September. That Bakkt bump looks like it could be running out of breath in the short-term. Wall Street analyst Thomas Lee, co-founder of FundStrat noted the attack on 11,000 seemed to confirm that tripe tops do happen, but he “boom of the third top ha since sagged. BOOM! #Bitcoin again showing there…

Trump Says The R-word – How Bitcoin Wins From Recession and The Thucydides Trap

First oublished The R-word – recession – passed the lips of US president Donald Trump yesterday, and despite recent price action, that’s a positive for bitcoin. The consensus of analyst opinion is that there will not be a recession in the US this year or next. But, as we shall see, those comforting findings do not tell the whole story and it is one in which recession could benefit bitcoin Bitcoin is currently priced at $10,180 after failing twice in as many days to break above $11,000. Anthony Pompliano from Morgan Creek Digital Assets was in conversation with Joe Kernen on CNBC yesterday and he was in typically bullish mood, although he does see possible temporary setbacks for bitcoin from regulatory pressures and the of…