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All Top 25 Cryptocurrencies In Green Following Bitcoin’s $10K Reclaim

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All of the large-cap cryptocurrencies are currently trading in the green as Bitcoin finally managed to reclaim the coveted $10,000 mark. The entire market was successful in adding more than $13 billion to its capitalization on the latest move.

Bitcoin Price Finally Above $10,000

Bitcoin surged with more than 5.5% over the past 24 hours, and it’s currently trading at around $10,100 for the first time since February.

As CryptoPotato reported earlier today, BTC had five failed attempts, but it finally happened on the first day of June. As a matter of fact, the price shot up to $10,500 before retracing to its current levels of trading at around $10,100.

Following the breakout, there is a serious resistance expected at $10,500, which is also the 2020 high from mid-February.

btc_chart

BTC/USD. Source: TradingView

If successful, the next targets will be $10,600, $10,800, and $11,000. The volume on this massive green candle was also decent, and it’s interesting to see whether Bitcoin will now find support at $9,950 and $10,050 before taking any further action.

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Interestingly enough, the latest surge comes immediately after a strong indicator flashed on the popular long-term Bitcoin stock-to-flow model. As reported yesterday, this usually indicates that there’s a new bull cycle brewing as historically it happened before serious price increases.

Altcoins Celebrate As Well

It’s also worth noting that the entire market capitalized on Bitcoin’s latest move as it gained more than $13 billion in a few hours.

All of the large-cap cryptocurrencies are trading in the green against the US Dollar at the time of this writing.

crypto_overview

Cryptocurrency Market Overview. Source: Coin360.com

As seen in the above image, ETH is up almost 4%, Binance Coin (BNB) is up more than 3.5%, EOS is up nearly 5% while Bitcoin Cash surged by a total of 7.3%.

Moreover, Bitcoin’s dominance increased with about 0.5% on the runup, which suggests that altcoins didn’t manage to claim new grounds.

In any case, at current times, the price remains relatively volatile, and it’s essential to see if Bitcoin will be able to stay above this important psychological level.

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Source: https://cryptopotato.com/all-top-25-cryptocurrencies-in-green-following-bitcoins-10k-reclaim/

Blockchain

Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT

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Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT – The Block





















Source: https://www.theblockcrypto.com/linked/70981/tether-blacklist-addresses-ethereum-usdt?utm_source=rss&utm_medium=rss

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How does Coinbase work?

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Founded in 2012 by Brian Armstrong, Coinbase started as a Bitcoin exchange. Now, it has over 30 million customers and handled more than $150 billion in cryptocurrency trades, making it one of the most used cryptocurrency exchanges. With a valuation of $8 billion, the exchange has grown to be among the unicorns in the United States. Well, how does Coinbase work?

To get the best, know how it work s

Despite its unicorn status, how does Coinbase work? Right from signing up to depositing and a brief description of Coinbase Wallet.

Creating a Coinbase account

First, being a regulated cryptocurrency exchange, Coinbase does not supports transactions in all countries. To get to use the site, a user needs to be on the list of over 100 supported countries spread across North America, Africa, South America, Europe, Asia, and Australia.

The process to get onto the platform starts by visiting Coinbase.com and providing a valid email address. Clicking on “Get started” generates a new window requesting for personal information such as first and last names followed by a strong password. Note that Coinbase is not open for use to persons under the age of 18.

Before you get to how to buy a Bitcoin, create an account

On clicking “Create account” Coinbase will send a link to the email provided for verification. The first step in verifying your account is by providing a mobile phone number to activate two-step verification. Being a first-timer, Coinbase prompts for the method the user will be using to buy cryptocurrency from the exchange. Here, it requires a user to enter debit or credit card details. However, you don’t need to start to buy or sell crypto the first time you land onto the platform. Upon phone number verification, Coinbase provides a window to access trade, receive, or send options.

Depositing funds

To buy Bitcoin from a bank account, trade, or send crypto assets from the platform, fiat and or crypto wallets need to be funded. There are two ways to do this.

Credit/debit card

To work on the fiat wallet , click on your profile picture, select “Settings” and go to the “Payment methods” tab. Click “Add payment method” and provide viable credit/debit card details. Cryptocurrencies that can be bought using fiat on Coinbase are Litecoin (LTC), Bitcoin (BTC), Ether Classic (ETC), Bitcoin Cash (BCH), USDC, Zcash, 0x, and Basic Attention Token (BAT).

To get trading options, verify your accoount

To use the buy and sell section on the platform, a new user must complete the identity verification process. On the buy and sell section, specify the fiat amount and the crypto to buy or sell. Cryptocurrencies bought with fiat can be used to trade on Coinbase or sent to another exchange or wallet.

Cryptocurrency

Apart from buying cryptocurrencies with fiat, Coinbase also provides an option to deposit cryptocurrencies from other exchanges or wallets. To fund a Coinbase crypto wallet from an external wallet, choose the “Receive” option on the home page, and select the cryptocurrency to be deposited. A deposit address will be generated. On the external wallet, choose send, select the cryptocurrency, and enter the deposit address.

Navigating the Coinbase dashboard

Being a first-timer, the dashboard won’t have much details. However, as the account buys and sells cryptocurrencies, the dashboard gets populated with, among other things, total balance and recent activity.  On the “Tools” section, Coinbase stores and lists all previously used addresses as the exchange generates a new address each time payment is made. Unfortunately, the Coinbase dashboard lacks the information-dense charts like the one provided by Binance and other leading virtual currency exchanges.

Advantages and disadvantages of Coinbase

Advantages

  • The exchange has an easy to use design, making it ideal for new entrants in the digital currency world.
  • Supports crypto buy sell options using fiat, making it a suitable on/off ramp exchange.
  • Coinbase Wallet makes it easy for its customers to send cryptocurrencies using just a username.
  • Has high liquidity for Bitcoin and other cryptos.

Disadvantages

  • There have been claims the exchange tracks user activities such as how they spend Bitcoin.
  • High fees compared to Binance and other similar platforms.

Frequently asked Questions – Coinbase FAQs

How does Coinbase Wallet work?

Coinbase Wallet supports multiple currencies, selling, sending, and protects an investment.

Coinbase Wallet is a mobile crypto wallet that stores Bitcoin and a wide range of other cryptocurrencies. Also, it has support for digital collectibles. The wallet provides security using biometric and Secure Enclave technology. In addition, Coinbase Wallet allows trustless trading by connecting traders on decentralized exchanges. Another significant advantage of Coinbase Wallet is that it will enable customers to send cryptocurrencies by using a Coinbase Wallet username, thus eliminating the need to remember or copy long crypto addresses.

Can Coinbase be trusted?

Fiat accounts are insured by FDIC

Yes. By being regulated in the United States and attracting investments from leading investors, Coinbase can be trusted to buy and sell cryptocurrencies. Also, funds deposited on the exchange are insured by FDIC

How much does Coinbase charge to buy Bitcoin?

Coinbase fees are based on the method used to buy Bitcoin. For example, a bank account transfer for customers in the U.S attracts a 1.49 percent fee while buying Bitcoin using a debit/credit card in Australia attracts a 3.99 percent fee. But, if the transaction amount doesn’t exceed $10, the charge is $0.99.

Conclusion

For new crypto users, buying a Bitcoin on the exchange is easy due to its simple interface and the option to purchase crypto using credit / debit card or a bank account. Coinbase Wallet is available on both iOS and Android app stores. The wallet removes the fear of using complicated crypto addresses. Coinbase Wallet can be used to store Bitcoin, Ether, and a host of other crypto assets. The exchange is secure, and deposits from a bank account are insured.

Source: https://www.cryptopolitan.com/how-does-coinbase-work/

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Coinbase is preparing for a stock market listing, says report

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Crypto exchange Coinbase, which was the first crypto company to become a unicorn (a start-up valued at over $1 billion), is preparing for a stock market listing that could arrive by the end of 2020, according to Reuters.

Citing three sources familiar with the matter, the report claims that Coinbase is in talks with investment banks and law firms about the idea. It has not yet registered an intention to go public with the SEC.

Decrypt has reached out to Coinbase and will update this article if we hear back.

According to one of the sources, the company is considering a direct listing as opposed to a traditional IPO. This means that it wouldn’t sell new shares in the company during the listing.

Fortune, which previously reported on rumours of Coinbase preparing for an IPO this year, reported that it was considering a non-traditional offering.

“That would be really boring wouldn’t it?” Coinbase co-founder Fred Ehrsam said, in an interview at Consensus. “Coinbase should constantly challenge itself to be as crypto native as possible,” he added. “If we think the future is all assets exist on the blockchain, why should this be any different?”

But regulated security token offerings have largely failed to take off, and it would be a surprise move.

Source: https://decrypt.co/35089/coinbase-is-preparing-for-a-stock-market-listing-says-report

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