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July 2011

Coinbase to List Telegram and Polkadot Cryptocurrencies Soon

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Coinbase

Coinbase

Over the past few years, plenty of new cryptocurrency exchanges have been established worldwide, but very few can claim to be as influential as Coinbase. The US-based cryptocurrency agency has a wide range of offerings and a large number of customers, which makes it the most coveted listing for many tokens.

Due to the sheer number of users and the fact that a large chunk of crypto investors in the US use the exchange, a listing naturally means a big deal for a crypto token. In a new development, the company has announced that it is going to list as many as 17 new cryptocurrencies to the existing pool.

Key Details

Over the years, the company has been well known for being extremely picky with regards to the tokens that it actually lists and hence, a listing on Coinbase is such an important milestone for any crypto project. The possibility of the latest additions was announced in a blog post from the company. Some of the highly anticipated cryptocurrencies that are going to be added include Telegram and Polkadot, among 15 others.

It still isn’t known when most of these coins will be going live, but the fact that it is happening at all is enough to generate excitement among the crypto community.

>> Binance.US Opens for Account Deposits, Excludes 13 States

Back in 2018, the company stated that listing announcements were going to be far more frequent than in the past and this is an indication of the fact that the company is going to deliver on its promise.

However, at the same time, it needs to be kept in mind that the due diligence done by the company remains as stringent as ever and it is certainly going to require that crypto projects pass all kinds of hurdles before they are eventually listed on Coinbase. At this point in time, the non-pro exchange lists only 10 cryptocurrencies.

Featured image: DepositPhotos © Piter2121

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Russia Crypto Adoption | President Putin Orders Crypto Regulations

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Russia Crypto Adoption

Russia Crypto Adoption

According to a document published on the Russian President’s official website, Vladimir Putin has ordered the Russian Government to adopt cryptocurrency regulations by July 1st this year. The move will help Russia crypto adoption.

Setting the deadline, the Russian President has ordered the body to enforce crypto-related regulation for the digital assets industry.

Russia Crypto Adoption

The transcript reads the following:

“Federal laws aimed at the development of the digital economy, including determining the procedure for conducting civil law transactions in electronic form, as well as regulating digital financial assets and attracting financial resources using digital technologies.”

As CoinTelegraph explains further:

“The legislation should also include a regulatory framework for digital financial assets, as well as attract greater financial resources based on digital technologies.”

Putin’s most recent order mimics an order cast last year in which he told the Kremlin to set up regulations for the trade of cryptocurrencies, initial coin offerings (ICOs) and crypto mining by July 2018.

Russia and Crypto Adoption

The superpower has been actively engaging with cryptocurrency. Last month, Russia was reportedly avoiding US Sanctions by investing $10 billion USD into Bitcoin. The news came from a Russian economist with ties to the Kremlin.

It is said that by replacing its US dollar reserves, the superpower’s investment will minimize US sanctions on Russia.

>> Apple’s Steve Wozniak Says Bitcoin has “Massive Value Creation”

Also, in earlier 2018, the country discussed a “crypto alliance” with Iran. The pair spoke about using digital currencies such as Bitcoin as another means to bypass international sanctions. According to Russian news source RBC, both countries were said to be exploring ways to replace the SWIFT interbank payment system and avoid US dollar transactions.

Also in 2018, a study by FatCats Market showed the general acceptance of cryptocurrencies amongst the Russian public. The study showed that cryptocurrencies represent the most significant source of income for 12% of the total population.

What do you think? Is Russia involved with crypto only to avoid US sanctions? Do you believe Russia crypto adoption will better its economy?

Featured Image: DepositPhotos © VitalikRadko

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Moon Payment Means You Can Shop on Amazon Using Bitcoin!

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Moon Payment

Moon Payment

If you want to buy things on Amazon using Bitcoin, you now can. All you need is the Bitcoin lightning network and crypto payment processing startup Moon.

In time, the service will extend to many e-commerce sites also, not just Amazon. Let’s check this out.

Moon Payment Processing

The startup announced today that any lightning-enabled wallet can now be used through Moon’s browser extension.

Before this, the service could be used by connecting the browser extension to exchange accounts like Coinbase.

According to Moon CEO Ken Kruger, it works like this:

“[The extension] will pop up a QR code and it will have the lightning invoice, which you could also copy and paste if you can’t use the QR code for some reason, and you’ll be able to pay with your favorite lightning wallet.”

Moon Payment and Amazon

Customers should note that Amazon has nothing to do with the Bitcoin payment. The conversion from Bitcoin to fiat currency is taken care of behind the scenes by an unspecified third party.

Therefore, Amazon merchants receive fiat currency and never have to deal with Bitcoin, but the user gets to use Bitcoin as he/she so wishes. Kruger maintains that the lightning-enabled feature should work on almost any e-commerce site by 2020 as “there’s no direct merchant integration.”

This is also regardless of whether that platform accepts Bitcoin directly.

Aside from Bitcoin, Moon also manages payment channels, offering an interface for sending payments. As Kruger furthered:

“We’re integrating with the Visa and Mastercard networks and we get a cut of the interchange fees that merchants pay every time they receive a credit card transaction.”

>> Cryptocurrency Bear Market Wanes: Going through Accumulation

Moon Payment Processing Start-Up

Founded in New York last year, Moon is looking very promising. Born of a $100,000 investment, the company has already come quite far and is now looking for a Series A funding round in 2019.

Further, the company is looking for “opportunities to help solve some of those usability problems” and to “engage with other folks in the lightning community to see what people are doing, what they’re working on and if there are any significant gaps. We’d love to step in and help whenever possible.”

What do you think? Would you use Moon to buy your wares on Amazon?

Featured Image: DepositPhotos © belchonock

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