JP Morgan Launches Fake Cryptocurrency, Coinbase Releases Bitcoin SV Hostages and Coinmama Exposes User Data: This Week in Crypto

This week, JP Morgan Chase launched a blockchain-based IOU system that definitely isn’t a cryptocurrency. Waves Platform and Coinbase both released any Bitcoin SV they were previously holding. Two public pension plans invested in blockchain technology. And let’s not forget, Coinmama, an alternative to Coinbase for easy acquisition of cryptocurrency, suffered a breach. Not much to speak of on the market front, this week. We consistently find the Bitcoin price somewhere between $ 3500 and $ 3700, no matter where you look, besides some esoteric perhaps unsavory markets with low volume. In other news, however, it was a rich week. JP Morgan

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News – CCN

Coinbase Stops Holding Bitcoin SV Hostage, Will Traders Dump Craig Wright’s Crypto?

In a note to users today, Coinbase announced that it has finally made Bitcoin SV balances available for withdrawal. Users have been complaining for months about their Bitcoin SV, which peaked shortly after launch at over $ 200. It has since then been in steady decline, and the announcement by both Coinbase and Waves Platform today that BSV balances will be made available might stimulate a dumping frenzy on the coin. Coinbase Allows Crypto Traders to Claim Bitcoin SV The note reads, in part: “The competing chain, known as Bitcoin SV, resulted in a forked coin now commonly referred to as

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News – CCN

Coinbase CEO, Brian Armstrong: Bitcoin is “one of the most important inventions of all-time”. It has started a global movement that has pushed firms to disintermediate individuals and their money and data.

Coinbase CEO, Brian Armstrong: Bitcoin is “one of the most important inventions of all-time". It has started a global movement that has pushed firms to disintermediate individuals and their money and data. submitted by /u/himadri-saha
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Bitcoin – The Currency of the Internet

The Square Cash App is Awesome! My experience buying bitcoin there vs. Coinbase

I wanted to talk about how incredible the Square Cash App is to buy Bitcoin. The major reason imo that it is much better than Coinbase is because they make it so easy to verify your identity and they take far less time to allow you to transfer Bitcoin off of their site.

Coinbase was never able to verify my identity even though I tried submitting pictures of my license on multiple occasions.

With the square app. I was verified within 24 hours and the software was far easier to use than the Coinbase system. All it asks you to do is line up the front of your license with the camera on your phone and it gives you an outline that automatically takes the picture when the software determines that it is centered perfectly. It then asks you to do the same thing for the back of your license. Finally, it asks you to take a picture of your face and it gives you an outline to do that as well but you can choose when you are centered correctly in the picture. Once that is done it tells you that it will tell you when it's ready. I messed up on the picture of my face initially so it asked me to try again. The second time they accepted my information and I was then able to withdraw to an exchange that I've been looking to add more to my holdings. That part was super easy as well. All I had to do was scan a qr code on the screen of my pc and it automatically knew the bitcoin address without me having to type it in and it initiated the transaction.

The software is great, the fees are extremely low to buy and sell. I actually made a 4 dollar profit that I was able to withdraw instantly using their instant withdraw feature for a fee of .06 cents.

I think Coinbase is in big trouble and probably Paypal as well.

I'm not shilling for them either and I own no stock in the company. I have no idea if their money sending service is good or not. But if you want to buy Bitcoin with as little hassle as possible I can't recommend this app enough.

submitted by /u/themop1
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Bitcoin – The Currency of the Internet

Coinbase wants to reward its users for “educating” themselves about some of the lesser-known tokens. The real intention is of course to create an illusion of competence – users are more likely to buy things they think they understand & feel in control.

Coinbase wants to reward its users for "educating" themselves about some of the lesser-known tokens. The real intention is of course to create an illusion of competence - users are more likely to buy things they think they understand & feel in control. submitted by /u/Bitcoin1776
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Bitcoin – The Currency of the Internet