Topic: COINBASE to DAA MOOON! (Read 6020 times)

Why is the moon in the gutter? 

Well it looks as tho it did not go to the moon and to start trading and depositing coins you need to upload legal documents. I doubt I will be using their services until I see real licences actually been confirmed and am not uploading for IRS to spy on me. Id prefer a exchange just like bittrex cryptsy and others where can trade along with btc-e and not nee dto submit my legal documents. ONly time I will do this is if coinbase become bigger than MTGOX did and dont do a gox.

Right. Coinbase is not a licensed money transmitter in California. The head of the California Department of Business Oversight issued a press release yesterday: "Numerous press accounts about Coinbase’s Jan. 26 launch of Coinbase Exchange erroneously reported the Exchange has received regulatory approval from the State of California. ... California consumers should be aware Coinbase Exchange is not regulated or licensed by the State."

It's not "a matter of time", either.  Because California has a lot of people sending money home to Mexico, and there have been troubles with money transmitter companies "losing" payments, California has very consumer-friendly money transmitter laws. For example, if a money transmitter doesn't deliver the money to the payee or return it to the sender within 10 days, they owe the sender $1000 plus the amount sent plus legal fees. The sender can sue in small claims court.

A money transmitter in California has to post bonds against loss, maintain 100% reserves (they're really strict about that), be audited by the state, and have criminal background checks on the people involved. People who have entrusted money to a money transmitter in California have first claim on any assets of the company if it goes bust, ahead of any other creditors.

All the other online payment services in California, PayPal, Square, Venmo, Amazon, Google, etc. are registered. Not Coinbase.

Where is all this information about Coinbase?  How are they opreating illegal?

a matter of time is not NOW. Coinbase is operating illegally NOW

Mission Accomplished! We are on the moon now! Let's do some exchange with fellow travelers..

i thought bitcoin in california in general is not accepted lol.

As I've read, they are close (or at least working) to achieving licensing everywhere... So it's probably a matter of time

it seems they are not licensed in California....

If u are in US 

Another catch I didn't think of. This one is really bad, haha

be prepared to be reported to IRS.  Everybody who is using Coinbase will be...

They will probably be just as likely to cancel deposits to their site however since people have the option to deposit US dollars there will likely not be the same claims of them canceling orders because the price moved out of their favor 

Overall I think this is great news but I wonder if they will be less likely now to cancel orders from users.    Actually, since it's an exchange I guess that wont be an issue.

Here's a news story on the launch: http://www.coindesk.com/coinbases-us-bitcoin-exchange-opens-doors-traders/

I'm a lil skeptic also but i hope for the best and yep, let's see.

And more manipulation. But anyways, I'm being a little skeptic maybe Let's see what this will bring.

They will never be able to control it anyway so wall street only means more fiat!

They are making even deeper ties with Bitcoin and fiat... They want to regulate something unregulated. It's good to have your fiat insured, but do we want such a connection between BTC and USD? And the folks on Wall Street? I'm not sure if that's a good thing overall.

Good thing is, they will never be able to control or regulate the Bitcoin network in any way.

This is huge ... over ~1 million users now can buy BTC for free , instead of 1 % and store their USD in an FDIC insured BTC exchange

So much hype, for this... I thought it would be something big.

and now coin base exchange system active
we can register and use it
it's very nice day for bit coin world

*clicks 'Help' linky*

Houston, we have a problem!

https://support.coinbase.com/customer/portal/topics/731222-Coinbase-Exchange/articles

 

And what now?
Back to the Earth?

BTW Awesome music

Music starting.

*drumroll*

we should be ready
bitcoin prize will be down after that 2 hours
this is bitcoin and nobody know what it will be

Loving the old school starfield zoomer.   

<2 hours until we can haz moon!

it's a good news for bitcoin
because of this news, now we can see 300 dolar again
i think it will be better in next week
we miss good  news like this

You can still check the exchange features until the release date 
https://www.coinbase.com/lunar/feature

Nice landing page. Seven hours and it will reach the moon. Anyone on board of the mini-rocket? *me*.

This is very good news. Soon the moon will be full of btcers. 
First it was the Gemini news. Then this Coinbase news.
No wonder the price got a nice little pump.

More details :

http://techcrunch.com/2015/01/25/coinbase-us-bitcoin-exchange/

Exchanges made via the Coinbase service will include a 0.25 percent commission fee that goes to Coinbase, although the company is giving customers two months of free trades to get things going.

fuck the moon we're going to mars

b4 going to the moon, we need to get on the train first

$300 looked so far away a week ago and now about to bust through.

Having a legitimate Bitcoin exchange based in the US is huge news

It is the same list due to regulations . In order for coinbase to allow you to store usd in their wallet and buy and sell BTC instantly they need state MSB Licenses.
They started allowing people within those states to test a limited exchange functionality early back in dec. They will likely add a few more tomorrow.

Those lists aren't for the exchange though, unless there is overlap between wallets and the exchange which they didn't say.

The wsj article just lists CA and NY.  Perhaps they are the same, but I haven't seen a list for the exchange or coinbase saying they are equivalent.

Don't disagree with the role of traders. I am happy for this. I am just more interested in the other roles of btc.

This is the last list I've seen... looks like they've recently added 3 more...
http://blog.coinbase.com/post/107618322282/usd-wallets-in-7-more-states

http://blog.coinbase.com/post/107618322282/usd-wallets-in-7-more-states

At least 22 states and 1 US territory. ...more announced probably monday.

    Alabama (AL)
    Iowa (IA)
    Kansas (KS)
    Mississippi (MS)
    New Hampshire (NH)
    New York (NY)
    North Dakota (ND)
    Arkansas (AR)
    California (CA)
    Delaware (DE)
    Georgia (GA)
    Idaho (ID)
    Illinois (IL)
    Indiana (IN)
    Massachusetts (MA)
    Missouri (MO)
    Montana (MT)
    New Mexico (NM)
    Puerto Rico (PR)
    South Carolina (SC)
    Washington (WA)
    Wisconsin (WI)
    West Virginia (WV)

Indeed- fantastic news - wish I had bought more!

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.

.

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.

lol coinbase to daa moon. In what way?? Prices going to da moon? I highly doubt it. And for coinbase going to the moon lol they gona get a spaceship and fly to da moon and put a flag up now that would be some serious  promotion for their company to do it.

End screen of the preview thingy:

Will they talk about Gemini as well, or only about the ETF? I need to know more about it.

Yeah, I saw their notice on twitter this morning about their new site: https://blog.gemini.com/welcome-to-gemini/

https://bitcointalksearch.org/topic/2014-01-24-mashable-winklevoss-twins-launch-gemini-935280

cooinbase and bitstamp really amazing and still good to look at price btc

I bet they cooperate with some SpaceX agency or someone to offer trips to the moon, payed with BTC. This could be a very big publicity stunt on their side, but Bitcoin would profit... We could literally go to the moon while going to the moon, man

the WinkiTwins will have a talk about their ETF tomorrow as well:

http://www.etf.com/inside-etfs-conference/agenda.html?qt-view__etf_conferences__panel_pane_8=1#qt-view__etf_conferences__panel_pane_8


hmmmmm...  

Even their name reminds me of the moon... I mean... Coinbase... Moonbase...  Well, who knows what's awaiting us, but I also believe that they won't hype something trivial like some other companies in the Bitcoin world do at times!

yep, no alt. would make zero sense.

but i love that kind of advertising  

(i will kick their asses when its just a joke   )

The flag on the moon has a Bitcoin Symbol if you zoom in so its unlikely to be alts being added.
https://www.coinbase.com/assets/lunar/moon-e006355e797edb90fe4deb3ce760a711.png

Coinbase usually doesn't over hype and under-deliver so either it has something literally to do with space or something very big like Amazon accepting BTC.

https://twitter.com/barrysilbert/status/559357711939555328

they will not add any alt.


 (in the near term  ).

If this is linked to the litecoin inclusion to the exchange, does that mean the value of the altcoins will increase?

https://www.youtube.com/watch?v=85C-IAoL-nA

 

This is in the source:

*****SPOILER ALERT*****

https://www.coinbase.com/lunar?preview

Oh so the amazing news and all this hype only to announce 2 alts being added? Kinda overhyped imo.

maybe they will reveal the secrets behind bitcoin manipulation and behind the last 1000+ bubble?

With document proofs and everything?

@nikkihalbrook

finally Litecoin support 

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Seems interessting , count down for what exactly lel , I'am pretty sure that Bitcoin won't go to the moon that soon , at least not 22 hours from now anyone know that page is used for what exactly ?

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

no i dont think so. its not the 1. April. that would make no sense.

here is a new video:

https://www.youtube.com/watch?v=kwFvJog2dMw

I thought it would be trololol video until it started.

Maybe it is only a joke?

LoLz... I found this...

https://www.coinbase.com/assets/lunar/spinning-dock.mp3

I've found this in the source code of the page..

https://www.coinbase.com/lunar/feature

go figure

Related discussion: https://bitcointalksearch.org/topic/coinbase-announcement-on-monday-935355

They are probably going to do something with SpaceX or Virgin Galactic.

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Is this really a lucky find? Or was it leaked?


Anyway Coinbase don't usually hype up big announcements.

Best advertising ever, ever, ever.

https://www.coinbase.com/lunar