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“# Bitcoin bulls target $50K as Friday’s $655M BTC options expiry approaches ” Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous…
“# Coinbase’s Bitcoin reserves drop to the lowest level since December 2017 ” Bitcoin (BTC) revisited weekly lows on Sep. 1 as the new month got underway with a fizzle rather than a bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lingers in “price stability” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting…
“# Users panic after Coinbase mistakenly sends 2FA reset notices to customers ” Customers of leading U.S. crypto exchange Coinbase have spent the weekend panicking after the exchange mistakenly sent emails to users stating their two-factor authentication (2FA) settings had been changed. On Aug. 27, Coinbase accidentally sent the email to 125,000 of its customers,…
“# Bitstamp and Ledger execs weigh customer service debate after Coinbase saga ” Popular cryptocurrency exchange Coinbase recently amassed a panoply of customer service complaints regarding account locking, hacking and even lost funds. A recent tweet by crypto analyst Kaleo garnered hundreds of comments from users all sharing stories of their unfavorable experiences with the…
“# Jim Cramer: Coinbase stock is cheap, put 5% of your portfolio in crypto ” Jim Cramer, the host of CNBC’s “Mad Money” has recommended buying Coinbase stock, and suggested that 5% of investment portfolios should be allocated to cryptocurrency. Cramer made the comments in the Lightning Round on Aug. 25 in response to a…
“# Altcoins sell-off while exchange listings boost COTI and Conflux Network ” Bears pressed harder on the market today after Bitcoin (BTC) continued its pullback to an intra-day low at $46,250 and altcoins nursed near double-digit losses. While most of the market is seeing red a few altcoins managed to notch notable gains due to exchange…
“# Coinbase hires former Facebook exec as chief marketing officer ” Kate Rouch will be joining major cryptocurrency exchange Coinbase after more than 11 years in various positions at Facebook. In a Thursday blog post, Coinbase chief operating officer Emilie Choi said the company had hired Rouch as its new chief marketing officer, responsible for…
“# Coinbase users angry with customer support after funds disappear from accounts ” Coinbase is under fire for terrible customer service following reports of users accounts being hacked and drained of funds. According to an Aug. 24 investigation by CNBC, thousands of customers across the country have lodged complaints against the company. The outlet stated…
“# Powers On… Broker disintermediation and unregulated crypto exchanges cause major concerns ” Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International…
“# USDC to consolidate reserves into cash and US treasuries ” Coinbase president and COO, Emilie Choi, has announced that the reserves backing the stablecoin USD Coin (USDC) will be consolidated into cash and U.S. government treasuries. An Aug. 22 blog post from CENTRE Consortium, the entity that was collaboratively established by top U.S. crypto…