coinbase

2 Cryptocurrency Stocks To Watch As Bitcoin Prices Increase

CORAL GABLES, FL / ACCESSWIRE / March 28, 2018 / Traders that have been monitoring the crypto industry lately have been starved of positive news for quite some time. However, recently a leading exchange, Coinbase announced that it was set to list new tokens. The last time the U.S. exchange added a new coin was back in December with bitcoin cash. This time around, Coinbase has looked to break the news gently by confirming that it will add support for ERC20 tokens. The only the question left is which assets it will bring on. The exchange wrote:

We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future, though we aren’t announcing support for any specific assets or features at this time.

With this news, several coins including bitcoin have gained positive traction this week with mining and blockchain companies in focus. Two companies that have been generating buzz include Atlas Cloud Enterprises (OTC PINK: ATLEF) and NXT-ID, Inc. (NASDAQ: NXTD



Website Glitch Let Me Overstock My Coinbase — Krebs on Security

Coinbase and Overstock.com just fixed a serious glitch that allowed Overstock customers to buy any item at a tiny fraction of the listed price. Potentially more punishing, the flaw let anyone paying with bitcoin reap many times the authorized bitcoin refund amount on any canceled Overstock orders.

In January 2014, Overstock.com partnered with Coinbase to let customers pay for merchandise using bitcoin, making it among the first of the largest e-commerce vendors to accept the virtual currency.

On December 19, 2017, as the price of bitcoin soared to more than $17,000 per coin, Coinbase added support for Bitcoin Cash — an offshoot (or “fork”) from bitcoin designed to address the cryptocurrency’s scalability challenges.

As a result of the change, Coinbase customers with balances of bitcoin at the time of the fork were given an equal amount of bitcoin cash stored by Coinbase. However, there is a significant price difference between the two currencies: A single bitcoin is worth almost $15,000 right now, whereas a unit of bitcoin cash is valued at around $2,400.