Does Coinbase Demand More Information than Banks?
Today, yes. Coinbase, leading bitcoin wallet and exchange with over 3.8 million registered wallets and 2.4 million users, has had many complaints and serious issues about compliance, regulations and manipulation of accounts over the last few months. This week, an anonymous source revealed that Coinbase is currently a part of a regulatory compliance program which requires users to give sensitive information to deposit or withdraw into a Coinbase account. The Coinbase team said in an email: "As a part of our compliance program, we are required to periodically review high volume accounts. As....
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Update 8/10/2015 8:20 PM EST: Coinbase has responded to us regarding its reasoning for its information requirements, saying that, “We are required by law to request extra info for high volume customers. High volume. This is the EDD part of KYC.” Coinbase, as you might know, is what many consider to be the “Apple” of the Bitcoin ecosphere. With media coverage from The New York Times, The Wall Street Journal, and even TIME magazine listing it as number two in its “Top 10 Exciting Startups” article back in 2013, Coinbase is easily one of the biggest startups inside and outside the Bitcoin niche.
Google Now, Google's mobile on-demand information service, has added support for bitcoin services provider Coinbase. The news comes amid a service update in which it introduced new 'cards' that aim to deliver timely information to Android phone users while removing their need to search for it directly. The launch included 40 cards, each based on a company or popular Internet service such as Airbnb, Pandora and Coinbase. According to the company, Coinbase's card will specifically notify Google Now users when there are fluctuations in the price of bitcoin, while Airbnb's will suggest travel....
Coinbase is probably set to become one of the biggest bitcoin companies in the digital industry. After its recent launch of the Lunar Exchange, the first licensed bitcoin exchange in the U. S., the company is now joining hands with Internet search giant Google to launch a special support app through Google Now, the site's mobile on-demand information service. Coinbase proudly announced the launch on their blog, saying: "Beginning next week, some users of the Google app on Android will be able to receive Now cards from Coinbase. These notifications will provide you with timely updates, like....
Follow Twitter for up to date information: https://twitter.com/search?q=coinbase&src=type. Some people are starting to be able to sign in: Bitkoins @bitkoins1h. BEWARE: Coinbase #btc <-> USD transactions a mess http://bitkoins.com/discussion/75408 ... #bitcoin. Claire123 on Bitcoin Talk. "I was able to get in, finally, by switching from FF to IE but the page looks corrupt and I can't really do anything. At least my balance is the same. I'm viewing the source in IE and my information is all there but it's not displaying-I wonder if coinbase ever tested this on Windows 8 in IE???" Mooon....
Is the John Doe summons issued by IRS to Coinbase valid and falls within the guidelines of the department? The eyes of the cryptocurrency community are on Coinbase ever since it got served with a John Doe summons by the IRS. The summon requires Coinbase to hand over all information pertaining to the platform’s users between 2013 and 2015. The issue of generic, blanket information request by the IRS has given rise to few questions regarding the powers of the government institution and constitutional rights of individuals. Even though Coinbase has filed an appeal against the summons in the....