Coinbase’s range of assets – a bullish sign?

If you like what you read, feel free to share it:

Recently Coinbase came out with a blog post announcing a broad range exploration of assets. These assets include Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Civic (CVC), Dai (DAI), district0x (DNT), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loom Network (LOOM), Loopring (LRC), Decentraland (MANA), Mainframe (MFT), Maker (MKR), NEO (NEO), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Storj (STORJ), Stellar (XLM), XRP (XRP), Tezos (XTZ), and Zilliqa (ZIL).

Not all will be available for everyone

Coinbase explained that not all assets would be available for everyone. That highly depends on the law of the specific jurisdiction. “Some of these assets may become available everywhere, while others may only be supported in specific jurisdictions,” they say in their blog post. They are working closely with local banks and regulators to add these assets in as many jurisdictions as possible. Also, some assets might be only available for hodling, they reveal in their post, saying that “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.”

Why now?

This decision by Coinbase comes not precisely as a surprise, but it raises a specific question. Does Coinbase know something that we don’t know? Why explore the addition of these assets only now? Of course, “now” is a stretched term, and they already announced this in September, but all of these assets have lost more than 90% of their all-time high value. Is Coinbase discretely signaling of a bull market approaching?

“Over time, we intend to offer our customers access to greater than 90% of all compliant digital assets by market cap.”

Isn’t this a little late? Multiple services are offering this already, so what would set Coinbase aside from them? However, the motivation is bright for this, the market is getting larger, and people want to hold their assets in one place. On the other hand, this could have been a great feature last year, during the ICO craze.

As reported previously, Coinbase first added the support of Basic Attention Token (BAT). Then without notice, they added 0x (ZRX), and just recently, Coinbase added Zcash (ZEC) to their multiple platforms.

Source:

https://goo.gl/N4KW2Z

Basic Attention Token steps into Coinbase!

If you like what you read, feel free to share it:

On Friday, November 2, following an announcement from Coinbase, BAT (Basic Attention Token) is available on the Coinbase Pro trading platform. The first trading book to open will be the BAT/USDC trading pair. At the moment this is not available only for residents of the state of New York. 

The four stages

Coinbase carefully describes that this BAT implementation will go through four different stages. The first stage is only for depositing BAT. Users will not be able to trade it.

The second stage means that users will be able to put limit-orders, but no matches or completed orders are going to occur. “Order books will be in post-only mode for a minimum of one minute,” says in their announcement blog post.

In the third stage, the limit orders will start matching, but users will not be able to submit real market orders. This limit-only mode will be for a minimum of ten minutes.

So in the final fourth stage, full trading, limit, market, and stop orders will be active.

BAT to conquer Coinbase

Coinbase notes that at the moment BAT is not available at Coinbase.com or on their iOS and Android apps. They are going to announce it later.

Previously Coinbase added the ZRX (0x) token, but that implementation went the other way around. They implemented it on all of their platforms – Coinbase.com, iOS, and Andriod apps first. Only after that, they enabled it for open trading.

I believe the answer to this is that Coinbase considers BAT a small market. They’re doing the four-stage implementation to check if this addition can establish sufficient liquidity, only then they will fully activate the BAT/USDC trading pairs.

Basic Attention Token

Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users.

BAT just recently released their new version (0.55) of the Brave desktop browser. The latest version of the browser is based on Chromium. The new version is 22% faster than the previous, and with that, it is the fastest browser they have ever made.

It looks like these past weeks have been very successful for BAT, and they are here to stay. They have been continuously upgrading their Brave browser and expanding their markets. Today BATs largest market by volume is on Binance (BAT/BTC) with $42 million volume in the last 24 hours. They are working on delivering the Brave version 1.0, which will feature an extensions store, private tabs instead of windows, tab previews and more UI customizations.

The Price

It is interesting to see an instant price change following news like this. The BAT price was doing fine, with no significant fluctuations, and then on November 2, 10 PM, the price just spiked from $0.26 to $0.31 in only about five minutes. At the moment it has leveled out at $0.29. This Coinbase addition is good for BATs adoption since Coinbase is the leader cryptocurrency wallet app for mobile users. Now it will become even more comfortable for them to purchase BAT.

Source:

https://goo.gl/NnN6gi
https://goo.gl/gTJgkY
https://basicattentiontoken.org
https://goo.gl/EDLTiR

Photo by Pexels.com (Quintin Gellar)

A new Brave browser release and they are giving away BATs!

If you like what you read, feel free to share it:

As Basic Attention Token continues to gain profits for some, there might be a simple explanation for this price rise. A few days ago, on October 18th, last Thursday, the new version (0.55) of the Brave desktop browser has been released. It is still in Beta, but the team commented that this is a big milestone for their path to version 1.0. The new version of the browser is based on Chromium which is an open source Web browser project started by Google, to provide the source code for the proprietary Google Chrome browser. The old browser version Brave Muon, cannot be downloaded anymore, as the users who still use it will receive notifications on a full update which they can apply to already. 

The new version is 22% faster than the previous and with that, it is the fastest browser they have ever made, they claim in their press-release. Also with this update, Brave has replaced Brave Payments with Brave Rewards. While still in beta, it has improved usability, more visibility and new features the old version didn’t have. And of course a lot of new features have been added to the browser along standard crash fixes and web compatibility fixes, like Tor-related privacy enhancements, a private search engine, the ability to disable WebRTC settings, Default Brave shield preferences, localization updates and many more plus new shapes and colors.

Anyone who downloads the new upgrade, which is more like a new browser, will get the ability to claim BAT tokens without the option to withdraw. The tokens will have an expiration date, which will motivate the users to actually use them, in order to reward their favorite websites or content creators in general. Brave wants to eventually provide users with the ability to earn BAT tokens by viewing ads and basically by using the internet. But this is still in development mode.

This new browser is mainly like Google Chrome, which means you get all the same window themes and chrome extensions. When speaking about the user experience, I for example, really do not like Chrome, because of the layout and the fact that it drains your computers’ RAM. And since Brave now looks like Chrome, I think I won’t be switching to it anytime soon. I could be waiting for the official 1.0 version release just to see how the new browser works. But it looks good in a way of everyday browsing through the internet. In my humble opinion, web browsers are like banks or wallets.

 When you first open up a bank account, that bank becomes yours, and you are most likely to stick with that bank for the rest of your life. The same with wallets – you change them so rarely. And I think the same applies for web browsers. It is so hard to switch to another browser, because you have got so accustomed to the present one. It almost takes a week to fully get to know your new browser, to set all the bookmarks the way they don’t feel weir, to set all the settings like they were on the previous browser and finally to start feeling comfortable using it – this all is not a days work and it messes with your productivity as well. So I believe that Brave will become a serious competitor after the 1.0 release when they finally will offer the full product.

Photo taken from TradingView

When speaking in terms of the price spike – Basic Attention Token is still rising at the time of writing with +18% with the price jumping from $0.20 to $0.28, and overall since the day of the announcement it has gained almost near 40%. With this move, BAT has risen up to its regular price and could be leveling out until the next announcement.

Source:

https://goo.gl/7AEPYN

https://goo.gl/HmuWSR

Photo by Canva.com

Crypto markets today. The anticipation of a bull-market.

If you like what you read, feel free to share it:

The situation today, in the crypto markets, is showing quite bloody. While Bitcoin, Dogecoin and a few others seem to be the only gainers in the Top100, all the other coins and tokens are facing a brutal downtrend of around -10% per coin. 

The upside in this situation is that Bitcoins’ dominance is rising at remarkable speeds. Now it is hanging at around 57-58%, depending on the source. A few tweeters claim that last year, at around November, when the huge market spike started, Bitcoins’ dominance grew to 60% and that had initiated the bull-market.

Another thing is that the usage of the Lightning Network (LN) is increasing, thus meaning that in the past 30 days, the value of all LN channels had increased by ~40%, and the number of open channels had increased by almost 11%, which means that people are more actively starting to use the off-chain solution by Bitcoin.

Also this bloodiness in the market might be a sign of a massive Ethereum and Ethereum based token sell-off, where one of the most popular tokens Basic Attention Token (BAT) is falling with ~13%.

Another thing – we cannot not take this massive ETH FUD which is going around the crypto-sphere for granted, and I myself, kind of see a connection between the time when the last bull-market in November initiated. During that time also a lot of ETH FUD was going around the crypto-space, claiming that ETH might never reach $300 in price, but then – boom! It reached a stunning all-time-high (ATH) of $1380. The same refers to alt-coins in general – a massive alt-coin FUD spread around twitter and other social media sites during the time before November 2017.

After that a huge bull-market exploded and basically every cryptocurrency faced its ATH.

Is this year going to be just like the last one?

Another interesting piece of advice traveling around twitter – “turn the chart around, it shows a bull-market approaching.” And this type of advice helped me to see the previous heights of Bitcoin, reaching 17k-18k-19k, the chart itself started to look almost funny in a sense of – can it go even higher? Because the chart started to look like a nail, a wall, something so steep that in no way it could continue growing like that. Why couldn’t we take this action and use it in a bear market, referring to the chart of ETH?
Putting all these little things together, the picture might be showing a bull-market approaching, but then again – aren’t we all looking for excuses for the bull-market? Don’t we all have at least a single alt-coin which’ price has fallen to a rut, and secretly, deep inside, you wish for it to pump?

Source:

www.coinmarketcap.com

www.coingecko.com

https://goo.gl/vfBdww

Brave plans to add Reddit and Twitter support

If you like what you read, feel free to share it:

Brave, the ad-blocking browser startup is trying to rewrite the rules of online advertising. With BAT (Basic Attention Token) and Brave browser today you can send payments to website publishers, YouTube stars and Twitch videogame streamers. Now BAT/Brave plans to extend that system to people who post on Twitter and Reddit. This implementation could happen somewhere around the fourth quarter of the year, the company said on Tuesday.

Brave users will have to specifically enable the payment system before any of BAT crypto-tokens exchange hands. And BAT payments from Brave users will come only when those users actively decide your Twitter or Reddit is worth something.

“The model will be tipping – a user likes a tweet and can give BAT to the tweeter, and optionally tweet back that he tipped,” the company said. Reddit will get a similar tipping mechanism.

Source:

https://goo.gl/Nhx4La