Coinbase Will Always Support The Longest Valid Chain in Bitcoin
Bitcoin wallet company Coinbase today clarified that it was never going to abandon Bitcoin Core for its scalable version XT. The statement came in response to the certain allegations made by Bitcoin.org’s moderators Cøbra and Theymos. They had criticized the San Francisco startup and its co-founder Brian Armstrong for supporting the controversial Bitcoin soft fork – Bitcoin XT, fearing that their experimental attitude would one day make them move from the current Bitcoin client. This supposed misunderstanding ultimately led to Coinbase’s removal from their popular domain. Theymos also....
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Brian Armstrong, Coinbase’s CEO, publicly said he does not support the statement of around 20 bitcoin exchanges which says that in the event of a hard fork they will list the Bitcoin Core chain as BTC regardless of the longest chain or, presumably, regardless of price and other factors. Armstrong said: “It doesn’t make sense to say BTC can only be modified by one development team. If there is overwhelming support from miners and users around any new version of the software (regardless of who wrote it), then I think that will be called Bitcoin (or BTC).” Another exchange, Yunbi, has come....
Coinbase, one of the largest ethereum exchanges by volume and the best capitalized business serving the ecosystem, is reporting it has no "near-term plans" to offer support for Ethereum Classic, the alternative version of the ethereum blockchain that has been gaining market traction this week. Representatives from the San Francisco-based company indicate that the decision extends to both its consumer wallet, as well as GDAX, the digital asset exchange on which it offers trading in both bitcoin and ether. The company said: "In the near term, we’re not planning on adding....
After more than a month of raging debate, Ethereum’s community has reached a conclusive decision. Ethereum will Hardfork. Some tense hours yesterday raised the prospect of a protracted fight, but, Ethpool cleared any doubt by announcing they are to support the hardfork: “[A]ccording to our voting policy stated in the announcement, we will support the hard fork.” Dwarfpool, Etherpool/Etherminer, Coinotron, Nanopool, MiningPoolClub, Alpereum and Eth.pp.ua support the fork in certain terms. In combination, they control about 60% of the hashrate, ensuring the chain they work upon is the....
The battle for supremacy among crypto exchanges has often come down to the amount of bitcoin that they hold. This is due to the prestige that comes with the pioneer cryptocurrency and, of course, the value that it commands. For the longest time, Coinbase has maintained its lead in the market when it comes to […]
The trend in an on-chain indicator could suggest that the Bitcoin bull market is still on even after the latest volatile action in the asset’s price. Bitcoin Coinbase Flow Pulse Is Still Signaling A Bull Market In a new post on X, CryptoQuant author Axel Adler Jr has talked about the latest trend in the Coinbase Flow Pulse for Bitcoin. The “Coinbase Flow Pulse” here refers to an on-chain indicator that keeps track of the net amount of BTC that’s moving between Coinbase and other exchanges. When the value of this metric is positive, it means coins are flowing from....