Coinbase Shellacking: Crypto Exchange Cuts Staff, Shutters Chicago Hub

By CCN: The markets may be moving into the green, but 30 Coinbase engineers will be seeing red tonight after they were reportedly laid off and the firm’s Chicago office closed. It’s a sure sign that despite positive sentiment returning, the crypto bear market is still determined to shrink a few more businesses before it’s over. It’s also a signal that mainstream financial players haven’t been ready to take the plunge into crypto. A Coinbase spokesperson told CCN: “Coinbase has consolidated our matching engine efforts into our San Francisco office. This means we are shutting down the matching engine efforts

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Crypto Tax Firm Makes Half-Baked Bid to Drag Coinbase Through the Mud

CCN received a “consumer warning” this morning from a crypto tax preparation firm. The warning outlines two aspects of crypto tax that the firm believes have been done wrong by other outfits – namely Bitcoin exchange Coinbase and Intuit, the creator of TurboTax. As regards Coinbase, the firm writes: “The online tax guidance provided by Coinbase implies that airdrops are taxable as ordinary income—which is reported on Line 21 of Schedule 1 of Form 1040—rather than as capital gains that only become taxable when the positions are sold.” Bitcoin Exchange Coinbase Clarifies Crypto Tax Guide We reached out to Coinbase,

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Coinbase CEO Brian Armstrong: Crypto Will Disrupt the Fringes of the Economy First

In a 45-minute long Ask Me Anything session conducted recently on YouTube, Coinbase CEO Brian Amstrong answered a lot of interesting questions, including questions about him personally. Like many of us, Armstrong says he was a nerdy kid growing up and was unpopular. Imagine Brian Armstrong as a Nerdy Kid He says his mother worked at IBM and the family had one of the earliest 486 models of computer, which he used to learn and experiment in technology. Primarily, Armstrong describes himself as a “nerd who likes to build things with technology.” I was the kid who was trying to

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Just a friendly reminder to get your coins off exchanges such as Coinbase. Exchanges do not have sufficient insurance coverage and alot of people will lose substantial amounts at some point. Don´t be lazy, buy a hardware wallet ¯\_(ツ)_/¯

Just a friendly reminder to get your coins off exchanges such as Coinbase. Exchanges do not have sufficient insurance coverage and alot of people will lose substantial amounts at some point. Don´t be lazy, buy a hardware wallet ¯\_(ツ)_/¯ submitted by /u/Bitcoin_21
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Bitcoin – The Currency of the Internet

Just a friendly reminder to get your coins off exchanges such as Coinbase. Also newcomers take note that Robinhood doesn’t allow you withdraw your bitcoin. They only allow you to sell it for dollars.

If you have your coins on an exchange take note that hacks and employee theft have lost users millions. MT Gox customers still haven’t received anything lost after 5 years now and most of the time you will never see your money again if stolen.

You can avoid this by putting your coins into a wallet that is under your control versus an exchanges control: https://bitcoin.org/en/choose-your-wallet

For more than $ 500 worth of bitcoin it is highly recommend you look into buying a hardware wallet.

You’ve been warned don’t cry and cry on here if you ignore this advice repeated time and time again.

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Bitcoin – The Currency of the Internet

Tezos Price Surges 57% in Days as Coinbase Fuels Another Crypto Rally

The week is ending on a hugely positive note for the Tezos cryptocurrency. Tezos Races Ahead of Wider Crypto Market The blockchain project’s native asset XTZ today established a new weekly high towards $ 1.08 – up more than 17 percent in the last 24 hours. The latest push also brought the coin’s weekly gains to 57 percent, bringing the price a few steps closer to its November 19 high at $ 1.09. No other top-20 cryptocurrency came close to matching the breakneck Tezos rally. Volume-wise, crypto exchanges listing XTZ-enabled pairs reported trading activity worth a little above $ 8.2 million. Among those

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Coinbase Custody Launches Block Staking Program for Tezos

Coinbase Custody’s 60 institutional clients, who currently store around $ 600 million on the platform, will be able to stake or “bake” Tezos (XTZ). Staking or baking dividends are akin to interest in the regular world. By holding tokens and putting them up for stake, new blocks get minted. The larger your coin stash, the better your odds of finding a block. Earning Interest by Minting Blocks Proof-of-stake is one of two primary models for cryptocurrencies, the first and most successful having been proof-of-work. A version of proof-of-stake called delegated proof-of-stake is present in platforms like Tron. Ethereum will be moving

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Why Does Crypto Giant Coinbase Keep Shooting Itself in the Foot?

Coinbase is the most popular U.S.-based cryptocurrency exchange. The company boasts more accounts than the likes of Charles Schwab. Coinbase CEO Brian Armstrong has the ambitious goal for Coinbase to become the “Google of crypto,” suggesting that its relevance to Web 3.0 could rival that of the internet search giant’s stamp on the early version of the internet. Armstrong himself was named among Fortune’s 40 under 40 list and has influenced Americans for bitcoin. Unfortunately, rather than being celebrated, Coinbase increasingly resembles a victim of its own success. Despite having more to lose than many of its peers, Coinbase at

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