12 days of Coinbase: Coinbase implements direct crypto conversions.

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Just recently Coinbase announced their new feature – Convert. The users of Coinbase now can easily convert one crypto into another with much less fees than if doing two separate transactions. 

Initially, this service will be available between Bitcoin, Ethereum, Ethereum Classic, Litecoin, 0x, and Bitcoin Cash. The feature already is available at coinbase.com or iOS and Android apps. So far this feature is only available for U.S. Citizens, but eventually, Coinbase’s goal is to make this available to all 34 countries in which Coinbase offers native payment access.

Fees

Coinbase says that the fee of conversion will be much lower than doing two separate transactions. We naturally went to check it out, and it is true. Coinbase charges a spread of 1% for crypto conversions. But there is a catch in their Pricing & Fees Disclosures page: “However, the actual Spread may be higher or lower due to market fluctuations in the price of Digital Currencies on Coinbase Pro between the time we quote a price and the time when the order executes.”

Conversions happen instantly.

12 days of Coinbase

Recently Coinbase started an announcement rally where they will announce news 12 days in a row. On the first day they announced their gift card feature. Users can now turn their crypto into gift cards from various vendors like Uber, Nike, and many more. This is done through partnership with WeGift.

On the second day, they announced givecrypto.com and donated $10,000 worth of Zcash (ZEC) to their project to help support more than 100 Venezuelan families. “With our gift, the organization will put $1 USD worth of crypto directly into the crypto wallets of more than 100 families in Santa Elena every day for 3 months,” says in their blog post.

On Day 3 Coinbase released an explanatory video of what is cryptocurrencies.

During day 4, Coinbase added a new feature called Watchlist to their services. With it you can follow your favorite assets and personalize your dashboard.

On day 5, Coinbase announced a straight up partnership with PayPal. Customers from US can now instantly withdraw cash to their PayPal account.

Another donation on day 6. Coinbase donated $10,000 worth of Bitcoin to givecrypto.org project to help Syrian refugees.

And last, but not least, on day 7 they explained everything about their new stablecoin – USDC.

Spreading knowledge and crypto to the world.

Coinbase is an early player in the crypto space and one of the most profitable as well. It is an excellent campaign that Coinbase undertakes right now. Donating crypto to help people and expanding their services at the end of the year, it looks like they have been preparing for this all year. This is what crypto needs – more effort on trying to explain what crypto is to the wider public. Plus all that, they are giving away their profits to spread cryptocurrencies around the globe. Especially to those people who are in critical need for a little financial boost. They will initially look at cryptocurrencies as almost a savior. And we need more life stories like this. Props to Coinbase, and let’s wait what the next four days of Coinbase will bring us.

Source:

https://goo.gl/83p9y6
https://goo.gl/u9xuts

Coinbase’s range of assets – a bullish sign?

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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

Zcash announces the release of Zcash 2.0.0

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In a recent announcement, Zcash has revealed their new 2.0.0 client, which is the first Sapling-compatible version of the Zcash node software. 

“Sapling represents over two years of protocol design and engineering with cryptographic breakthroughs that improve the performance and functionality of shielded (encrypted) transactions. Currently, most Zcash transactions use transparent addresses that function in the same way as Bitcoin. This is largely due to the computational cost of proving that shielded transactions are valid. With Sapling, we move one (giant) step closer toward the ubiquity of shielded addresses,” says in their blog post.

Sapling will activate on the testnet at block 280000, which is expected about a week after this release.

Source:

New Release: 2.0.0
What’s New in Sapling