Algorand Spikes 30% After Surprise Coinbase Listing

A surprise Coinbase listing has seen the price of Algorand (ALGO) spike by nearly 30% in less than 24 hours and pushed Algorand’s market cap to a new record high ($274 million at the time of writing). On July 16, Coinbase abruptly announced that ALGO trading had been launched on Coinbase.com and the exchange’s apps. Trade volume for Algorand increased by nearly four times since in response to the listing, comprising the third-strongest day of trade in ALGO’s history.  ALGO prices triple in three months ALGO is currently trading above…

Coinbase, Binance, BitGo May Know Hackers ID

The hackers who conducted the massive Twitter hijacking on July 15 do not appear to be sophisticated Bitcoin (BTC) users, as they left trails leading to and from major exchanges that presumably hold the keys to their identities. Address bc1qxy summary. Source: Crystal Blockchain. The Bitcoin address that hackers used to solicit illicit donations is bc1qxy2kgdygjrsqtzq2n0yrf2493p83kkfjhx0wlh. A couple of hours into the hack, the perpetrators started moving Bitcoin into other addresses. The Bitcoin trail they are leaving behind suggests that they are not terribly sophisticated when it comes to blockchain…

Coinbase Lists Algorand (ALGO) in Latest Expansion

U.S.-based and regulatory-friendly crypto exchange Coinbase has added Algorand (ALGO) as its latest new cryptocurrency after the outfit added the coin to its trading-based platform in the latter part of 2019.  ALGO is now available for trading on Coinbase’s main site, Coinbase.com, as well as on the entity’s Apple and Android mobile apps, a July 16 statement from Coinbase said.  Coinbase’s move toward additional assets Coinbase listed ALGO on its trading platform, Coinbase Pro, in August of 2019.  “One of the most common requests we hear from customers is to be…

Twitter Hackers Caught Using BitPay and Coinbase on Hack-Related Wallet

The Twitter hackers who compromised more than a dozen celebrity accounts on Wednesday appear to be consolidating their funds to an address that had earlier sent money to BitPay and Coinbase. According to research from Whitestream, a blockchain analytics company, three transactions originating from the “1Ai5” address lead to wallets associated with Coinbase and BitPay, both of which provide merchant solutions. The legacy address was the first to be offered by the hackers, who later switched to a Bech32 address when targeting non-crypto accounts. However, the original address is now…

Dogecoin Surges, Coinbase Rumors, Brave Legal Threats: Hodler’s Digest, July 6–12

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin’s price has hardly moved an inch in the last six weeks — barely moving 2% in either direction from its average. This long period of stagnation resembles what happened in early 2017. BTC stayed around $900 for the first three months of the year,…

Coinbase CEO Defends Licensing of Analytics Platform to Gov’t Agencies

Coinbase defended the licensing of its analytics software saying if people really wanted privacy, privacy coins were around. Coinbase CEO Brian Armstrong took to Twitter to talk about Coinbase Analytics and the company’s practice of licensing out the platform, explaining why crypto exchanges must have some sort of analytics software to comply with banking regulations. “Exchanges that maintain connections into the existing financial system (i.e. ability to connect your bank account, do wires, etc so you can convert fiat to crypto) need to follow AML laws, and this often includes…

Coinbase Listing News Fits With Bullish Mainstrem Market, Pomp Says

Amid a bullish mainstream market, news of Coinbase’s reported traditional stock market listing could prove timely alongside other companies similar public listing efforts.  “When good times are rollin in the stock market, people want to get in there,” Morgan Creek Digital co-founder Anthony Pompliano said on an episode of his YouTube show, Lunch Money. Pompliano’s response came after a question from co-host, writer and influencer Polina Marinova, on the timing of Coinbase’s listing.  Traditional markets have shown positivity as of late. The S&P 500, a common mainstream market health barometer, sits…

Coinbase Reportedly Preparing for IPO Later in 2020

Coinbase, Inc. is reportedly preparing for a U.S. stock market listing that could come this year, according to Reuters reporting. According to Reuters sources, preparations for a listing are underway but still need the green light from the Securities and Exchange Commission. If successful, this would mark the first time that a cryptocurrency exchange would be listed on traditional markets. Some mining companies have conducted or are preparing for initial public offerings, with Canaan doing so late last year. Coinbase was valued at more than $8 billion in its latest…

Former Facebook Counsel Joins Coinbase as Chief Legal Officer

Paul Grewal, a former US magistrate judge in California and Deputy General Counsel for Facebook, is joining crypto exchange Coinbase’s legal team. In a July 8 announcement on the Coinbase blog, the crypto exchange said the addition of Grewal will help “pave the way for the next phase of crypto awareness and adoption.” The new Chief Legal Officer will also lead the legal team as Coinbase partners with financial services regulators, and develops and releases new products and services. According to Coinbase, Grewal oversaw more than a thousand cases during…

Cardano’s ADA May Be Listed on Coinbase Before the End of 2020

Cardano’s native cryptocurrency, ADA (ADA), may be listed on Coinbase by the end of 2020. This news comes following an announcement that ADA holders will soon be able to stake their assets in Coinbase custody. More announcements coming in 2020 An IOHK (Cardano development company) spokesperson released the following statement to Cointelegraph replying to the question of whether a Coinbase listing is also in the works: “With the release of Adrestria, our new suite of libraries and APIs, allowing for a seamless, modular process of integrating Cardano with exchanges, we’ve…