The Bitcoin Coinbase Discount Is Back: History Says That Is Worth Watching
Bitcoin is holding above $70,000. The number looks resilient. The geography behind it tells a more cautious story. An Arab Chain report tracking real-time exchange pricing has identified a spread that cuts against the bullish surface reading: Bitcoin is currently trading at $70,747 on Binance and $70,533 on Coinbase — a gap of -$213.95, with the global exchange leading the American one. That difference, small in percentage terms, is significant in what it reveals about who is actually buying. Related Reading: Ethereum Price Divergence Signals Weak US Buying Pressure: Coinbase Premium Stays....
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In the volatile world of cryptocurrency trading, price discrepancies between exchanges can offer crucial insights into regional demand and market sentiment. Bitcoin is trading at a discount on Coinbase, a leading US-based crypto exchange, compared to its prices on global platforms. The exchange’s spot pricing has slipped into a discount relative to major offshore platforms. […]
There's some pretty interesting stuff going on over at the Coinbase camp. The San Francisco-based company today put together two blog posts on a couple of features that are sure to be crowd pleasers. The first of the two is the option for Coinbase users to buy back bitcoins following check out. Quite simply, what this means is that when a user spends a certain amount of bitcoin, they can instantly buy that same amount back from Coinbase at current market rates. So if I were to spend 1 bitcoin on a new desk, for example, I could instantly refill my Coinbase wallet with the same amount of....
Are large cryptocurrency companies and exchanges watching how you use your Bitcoin? A Coinbase customer was threatened with account closure when attempting to use a gambling site. A member of online gambling site BitBet posted on Reddit that Coinbase prevented a user from spending Bitcoin on their site: “Hello, We are the admin team for https://bitbet.us, and it has come to our attention that Coinbase has silently started tracking how their customers spend the coins purchased on their site. One of our users what threatened by Coinbase with account closure after he placed a bet on our site.....
Here's an interesting watch if you don't have a terrible lot to do this Saturday morning. Kevin Rose, who's currently with Google Ventures (but has a pretty extensive history in the tech sphere with Digg, TechTV, and throwing a raccoon down a flight of stairs to save his dog) interviews Brian Armstrong, CEO of bitcoin buying/selling house Coinbase. The video (part of Rose's Foundation video series), as one would come to expect, discusses Armstrong's history, the history behind Coinbase, and the very interesting tech behind the operation. It runs nearly forty minutes, so if you're strapped....
Popular bitcoin buying/selling house (and wallet service) Coinbase has launched BitHack, an online hackathon that is open to "developers who want to create something great with bitcoin." In order for developers to get involved, they must sign up to Coinbase, register to BitHack, and get their projects going. Applications must be submitted by 11:59 pm PST on the 16th of March - and three prizes will be awarded to the best apps, judged by BitHack/Coinbase. First prize wins $10,000 worth of bitcoin, 2nd prize wins $5,000 worth of bitcoin, and third place wins a reasonable $3,000 worth of....