Topic: Coinbase announcement on Monday - page 3. (Read 5660 times)

What are the 25 states, I wonder, and what the heck is the problem with the other 25?
My state (TX) is not on the list of USD wallet enabled yet. What gives?

What??? You can't do half the stuff on the coinbase that you can do on bitstamp. Tax is the last worry when you want stuff done on a real exchange which coinbase currently right now most definitely is NOT. It will be starting tomorrow, if WSJ is to be believed.

Absolutely. Also, trading on overseas exchanges incurs more taxes. That's one of the reasons why I went with coinbase instead of bitstamp.

Make no mistake about it, this is big fucking news.

Now many US wall street investors with very deep pockets have a legit way to invest in Bitcoin.

Most of the overseas exchanges are shady as hell, so hopefully we'll finally get true price discovery and all the past exchange manipulation and shenanigans will come to an end.

The small investors trying to manipulate prices to make a quick buck will get slaughtered once the big guys enter the market.

well done coinbase,

this benefits the bitcoin in mid-ong term

Great. COinbase seems to be one of the btter managed Bitcoin businesses.

http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641

Lol, Maybe they will take us to the moon
It might be something to plant a Bitcoin flag on the moon. Definiteely a big achievement.

nice

This is probably the announcement:

http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641


By GREG BENSINGER
Jan. 25, 2015 4:34 p.m. ET
0 COMMENTS
The virtual currency bitcoin is getting a very real boost on Monday, with the opening of the first licensed U.S. exchange.

Coinbase Inc., a startup backed by $106 million from the New York Stock Exchange, banks and venture-capital firms, said its exchange will offer greater security for individuals and institutions to trade bitcoin and monitor real-time pricing of the cryptocurrency.

The exchange could bring needed legitimacy to the currency, which isn’t backed by a central government and is traded over virtual exchanges, primarily overseas. Coinbase said it has insurance, offering traders some assurance that their money won’t disappear.

Bitcoin enthusiasts have been buffeted by the collapse of Japan-based exchange Mt. Gox last year—taking with it around half a billion dollars of investors’ money—and a security breach earlier this month at Slovenia-based exchange Bitstamp. The value of a bitcoin itself, determined by trading on existing exchanges, has fallen to about $240, from a peak in late 2013 of more than $1,200.

“To have an organized exchange that has the backing of thoughtful venture capitalists and investors addresses one of the main problems with bitcoin: its extreme volatility,” said Campbell R. Harvey, a Duke University finance professor who has studied cryptocurrencies. “Bitcoin has been sorely in need of something like this.”

Coinbase’s founders say they have been working for five months to win licenses from state financial regulators. They have regulatory approval in half of U.S. states, including large population centers like New York and California. For now, Coinbase can do business with account holders only in states where it has approval.

Coinbase will take a small percentage—likely less than 1%—of most transactions, said Fred Ehrsam, 26 years old, a co-founder. The exchange will initially be limited to users in the U.S., but Chief Executive Brian Armstrong, 32, said he plans to expand overseas.

Mr. Armstrong said he expected to attract both individuals and businesses looking to trade bitcoin. “Our goal is to become the world’s largest exchange,” he said.

Others are looking to open U.S.-based bitcoin exchanges, including Tyler and Cameron Winklevoss, the twin brothers known for their early feuds with Facebook Inc. founder Mark Zuckerberg .

Financial regulators, including the U.S. Federal Reserve, have been scrutinizing bitcoin recently. Benjamin Lawsky , the superintendent of the New York State Department of Financial Services, is working on a so-called BitLicense for firms looking to offer digital-currency services in the state; Coinbase is operating under earlier regulations. Mr. Lawsky’s plan is seen as a template for legislation in other jurisdictions, and it may give outsiders more confidence in the currency.

Bitcoins are created using high-powered computers that “mine” for the currency by solving complex mathematical equations. They are exchanged digitally either for currency, or goods and services. Ownership and transactions are recorded, anonymously, in a so-called blockchain, which backers say reduces the risk of fraud.

Bitcoin grew to prominence in recent years in part because of the ease with which it can be transferred.

Coindesk, which tracks the price of bitcoins, says 82,000 businesses accept the currency, double that of a year earlier, including e-commerce site Overstock.com Inc. and Expedia Inc., as well as many small retailers. The value of all bitcoin is $3.2 billion, according to Coindesk’s price index.

The NYSE invested in Coinbase during a $75 million round of fundraising that closed this month. Other investors include USAA Bank, the venture arm of Spain’s Banco Bilbao Vizcaya Argentaria SA, former Citigroup Inc. CEO Vikram Pandit and former Thomson Reuters Corp. CEO Tom Glocer. Venture backers include Draper Fisher Jurvetson, Andreessen Horowitz and Union Square Ventures.

The NYSE’s investment was intended in part to “keep an eye on bitcoin as it matures as a legitimate currency,” President Tom Farley said. “Any currency relies on its acceptance.” The Coinbase exchange “is an important step for the currency to become socially acceptable.”

Coinbase counts about 2.2 million consumer wallets and nearly 40,000 merchants that use its services. The company has about 75 employees and plans to operate in 30 countries by year-end, up from 19 today.

this is on purpose very very far fetched, but trading in the NYSE using bitcoin through coinbase accounts? and/or listing of XBT/BTC as an option to invest in in the NYSE? Since the Winklewii etf/exchange is getting near they might want to offer an institutional "wall street" way to invest in bitcoin in advance "stealing" their hype, considering the large investment they just made in coinbase...

maybe it is a punch?

Monday, moon day?

And they will just to a half harmless update on site

With Dogecoin they will add a lot of new costumers - so it makes sense for them to add Dogecoin.

Hope they did.

if you look close the flag on the moon you'll see it's a BTC flag. I think "big crash" is coming

www.coinbase.com/assets/lunar/moon-e006355e797edb90fe4deb3ce760a711.png

Peercoin also went up significantly lately. From previous big BTC rallies it is known that LTC and PPC rally even greater. When Bitcoin rose 7x, LTC and PPC rallied ~15x. They obviously crashed much harder too. To me the fact that PPC and LTC are rallying shows that bottom is in (152$) and we are approaching the next big bitcoin rally.

See this thread: https://bitcointalksearch.org/topic/leak-coinbase-to-accept-litecoin-dogecoin-coinbasecomlunar-935430

With that image and a countdown to the announcement, it better be something big or coinbase is going to look like a bunch of idiots.
Since they are trying to present themselves as a responsible company, I am going with great news, continued uptrend, fuck yeah 
Or they could pull a fat guy on twitter move 

Jesus. I hope not. That pretty much runs counter to all of the original principles of bitcoin.

Either regarding their partnership with NYSE or something regarding SpaceX.

I suppose that's the buy signal we are wwaitingfor. Also just recently saw ltc price going up.  Does that in any way connected?