Topic: COINBASE to DAA MOOON! - page 3. (Read 6020 times)

I looked but couldn't find a list of the states in which they'd been approved.  I only saw the CA and NY mention.

Anyone see a full list?

Stupid, traders are one important aspect of Bitcoin Ecosystem. Without traders, you wont be able to price bitcoin.

This is a big step for Bitcoin.

Let's hope that this reduces the price manipulation.

I know that this is good news but I am more interested in what BTC will do for consumers rather than traders. Anyhow one step at a time.

coinbase never worked for me .. too slow, shitty service, too many docs .. thumbs down

There were rumors ranging from a Virgin partnership to launching their own nodes at space, so this is not as cool but well, good for LTC and DOGE holders.

Might be 2015 but I do not see much going on any time soon and to get BTC back to where it was along with LTC they both got a lot of work to do to getting back up their in the nice prices again but at the same time it could also go the opposite way. Who knows maybe 2015 will be the year that BTC falls to $30 and to be honest theirs not much stopping it from doing that right now among lots of exchanges. Who knows maybe coinbase reserves will come out to play with FIAT money and start buying up the cheap coins pumping prices back up but we shall see in 15 hours or less.

Seems like the press has already released the announcement...

http://www.coindesk.com/coinbase-secures-approval-launch-regulated-us-bitcoin-exchange/

FDIC insured USD will certainly attract a lot of day traders. What if Coinbase rolled out some stop loss features where they insured that you couldn't lose any value in Bitcoin? That could also assuage many that are spooked by volatility in BTC. Instantly lock in usd value that is fdic insured above your buy price!

Bitcoin and litecoin are both going to get a boost. I noticed what was a big deal in litecoin is that it stopped its cascade fall at the magical level of $1.05 Litecoin may not be much, but one litecoin is worth more than 1 dollar. I think that says a lot right there.

Bitcoin is going to see ALL supply dry up. The exchangers are probably trying to rise the price to bring in some supply for when things really get going.

Coinbase is sitting confident that bitcoin is going to be a big thing. And they have marketing scheme all planned out get a new rush of people on board. Do you remember when apple rolled out the IPHONE, do you remember all the commercials you saw. Well, bitpay, circle, coin base are going to have their day with the same shit.

Soon you will see some companies announce they are going to hold some bitcoin and not sell it for cash, this will only instill in people that bitcoin can be a store of value. And boom to the moon. It can happen. It will happen.

This isn't 1750, it is the year 2015, Bitcoin is overdue.

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From my understand this is really big news. Now the really big fishes can start trading Bitcoin.

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Guess we will all find out in 15 hours time what will really happy. I don't see much if anything happening unless some big buys come along and get scoped up.

At the London conference someone mentioned that they will start allowing you to hold dollars in your account and it would be FDIC insured.

I don't get it. What is suppose to happen in ~15 hours?

I am fairly certain the above screenshots of them supporting LTC and DOGE are faked.

Even if they are not shopped, I dont think such news are enough to sustain the needed demand for LTC not to keep shrinking.

LTC will likely crash monday when the photoshopped documents are proven fake.

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Rather disappointing. Was hoping for something space-related.

Please, take a look to the second screenshot, there's the "Pay with Bitcoin" button with the LTC and DOGE logos… veracity = -1.
We'll see what finally happens but IMAO the hypothetical news are non-related with Litecoin or Dogecoin.

Isn't this probably the news?

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.