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Regulators Approve Coinbase Acquisitions

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Coinbase recent request to gain the regulators’ approval for three acquisitions has finally been granted. This might lead to the popular crypto platform becoming the first-ever venue for trading securities that have been regulated on a federal level.

Coinbase moves forward: The trio acquisition approved

According to Coinbase recent announcement, both the SEC, as well as FINRA, have decided to approve its request to buy three firms that might allow it to start offering tokens classified as securities. If this does come to pass, the process of trading such tokens will be under federal oversight, but the process will be officially regulated, and therefore – completely supported.

The companies in question include Digital Wealth LCC, Venovate Marketplace Inc., as well as Keystone Capital Corp. By making this move, Coinbase is expected to receive a license that will allow it to work as a broker-dealer, as well as a registered adviser regarding investments, and even as an alternative trading system. This will make a large change in the way that the platform conducts its business, considering that alternative trading systems work outside of public stock exchanges that are considered to be traditional.

Coinbase’s spokesman, Elliott Suthers, stated that this approval is another very important step towards trading securities on the platform, which is Coinbase’s ultimate goal. Of course, Suthers recognizes that there are a lot more steps before this becomes a reality, but each step towards it is a big deal.

Coinbase spearheads the securities enlistment

The possibility of achieving this goal would mean a lot for Coinbase. Regulated traders might end up handling billions of dollars worth of tokens that the companies end up selling during ICOs. Even though a lot of countries have been attacking ICOs whenever they got the chance, various companies have already managed to raise billions upon billions via ICOs in this year.

This amount is three times a large as what was achieved in 2017, and we are only halfway through the year. According to the SEC, the large majority of these coins are classified as securities, which means that coin issuers need to register and follow the federal laws. However, this also includes all the platforms that choose to accept these coins in their trading practices.

This has caused a lot of exchanges to do just that, with Coinbase obviously leading the movement. Despite the fact that Coinbase seems to be leading, other traders are not far behind. Circle Internet Financial Ltd., for example, stated only last month that it plans to register as brokerage so that it might allow its customers to buy or sell securities just like regulated cryptos.

Additionally, the company also works on plans to receive federal banking licensee, so that it could serve even more customers.

As for Coinbase, its next move is to integrate its technology into the companies that it had bought. The company’s spokesman did not provide an established timeline regarding this, so there is no telling when the company will start or finish this task. Still, it is known that the process will include company employees getting the right licenses, as well as changing the way how data reporting goes within the companies.

Five new coins might come to Coinbase soon

Additionally, Coinbase also announced that it will soon consider adding five new coins, which was an announcement that a lot of people have been waiting for, for a long time. The new additions to Coinbase’s crypto list may include Cardano, Stellar, 0x, Basic Attention Token, and Zcash. Despite these coins being considered, Coinbase stated that there is no guarantee that all of them – if any – will actually be listed.

If the platform does decide to add some, or all, of these coins, such a move would mark a very important turning point for the platform. Especially considering that so far, it only offered Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Still, nothing is confirmed yet, and there is no guarantee that the coins won’t end up being considered securities. The crypto community continues to await the final decision, while Coinbase continues to move forward with its plans of expansion.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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