Latest Articles

Coinbase Considers Adding New Digital Assets to Exchange

Distributed Summary:

  • In blog post, world’s most intro-friendly cryptocurrency exchange mulls adding over 30 new digital assets for potential investors

According to a recent press release put up on Coinbase’s blog, the exchange is assessing the feasibility of adding at least 31 cryptocurrencies to its listings. Several major tokens from platforms like Ripple, Tezos, Stellar, Augur and Po.et are being considered.

Coinbase announced in September that a primary goal going forward in its new asset listings would be regulatory compliance, and this recent press release affirms that doctrine. Specifically, Coinbase said that its plan is to offer “customers access to greater than 90% of all compliant digital assets by market cap.”

“To make this vision a reality,” the post went on, “we evaluate prospective assets against our Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission.”

The report included several caveats to the potential adoption of these crypto assets, however. Coinbase included this disclaimer: “ 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.”

The report also stated that Coinbase’s “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,” and that assets could also only be listed in applicable jurisdictions.

Still, Coinbase drew attention to a similar announcement it made earlier this year into its exploration of ERC-20 tokens and other assets, and how well those have been integrated on the exchange so far.

But by announcing that more than 30 different crypto assets are now under its consideration, Coinbase is making it clear that at least some new investment options will soon be available.

Disclaimer: Po.et was incubated by BTC Inc, which owns Distributed.com.

Article header image taken from Coinbase’s blog.

ETH Price Analysis: Why Gains Are Being Lost

Distributed Summary:

  • ETH-USD failed to break overhead resistance in the $160 range. This coincided with a failed retest of the supply and demand channel as the market saw a strongly overbought condition.
  • We are currently stuck between support and resistance, but it seems very likely that we will see a retest of the low $90s before any potential bullish pressure hits the markets. If, for whatever reason, we begin to rally, we need to see a decisive, strong close above the $160 level before any macro-trend-changing behavior is seen.

Bitfury Launches Music Project on Exonum and Bitcoin

Bitfury, a developer of blockchain-based hardware and software products, has announced a new initiative: Bitfury Surround. The project aims to build an open-source platform that streamlines operations in the music entertainment industry.

ING Partners With R3 to Adopt Corda Enterprise Blockchain

Distributed Summary:

  • Over five-year partnership, ING plans to leverage applications built on R3’s enterprise blockchain platform
  • Bank receives “unlimited number” of licenses for Corda Enterprise
  • Could mark a significant financial use case for distributed ledger technology

Bitcoin Now Available Through Coinstar Kiosks Nationwide

Distributed Summary:

  • Coinstar and Coinme team up to offer bitcoin-for-cash transactions at grocery stores around the country
  • Twitter users have shared photos of the on-screen process