Coinbase expands to Australia with focus on institutions in 'months to come’
With an expanded Australian offering, Coinbase’s VP of international and business development said the exchange faced “tough questions” from regulators and policymakers about its services. United States-based cryptocurrency exchange Coinbase will expand its services in Australia, launching a local entity and an updated suite of services for retail crypto traders, hinting that institutional products are soon to follow.Speaking to Cointelegraph, Nana Murugesan, Coinbase’s VP of international and business development, said building during bear markets has “paid off big time during the bull....
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Digital currency exchange provider Coinbase has expanded to Australia, bringing the total number of countries its supports worldwide to 33. Announced today, Coinbase will allow users to buy bitcoin and ether with credit and debit cards. Notably, users will not be able to sell digital currency. Coinbase product manager Ankur Nandwani said that the company was keen to start with extending its buying service to Australia as a means to increase the size of its network, but that it hopes to add a sell function at a later date. Nandwani told CoinDesk: "In the new countries, each country has....
“DD4BC,” a cybercriminal group that has launched distributed denial of service (DDos) attacks on bitcoin mining companies, exchanges and Hong Kong Banks since mind-2014, have begun to target financial institutions including brokerages, banks and financial organization in Europe, Australia and U.S. According to Akamai, a Massachusetts based content delivery network, DD4BC has carried out 87 attacks specifically on financial institutions, and have shifted its focus from bitcoin startups to banks and financial organizations over the past few months. During the last three months, the hacking....
Coinbase will soon be doing away with their $0.15 ACH fee charged on all buys and sells. The fifteen cent fee has long been a point of contention and Coinbase is making the move to bear the cost of interfacing with the legacy banking system themselves. In an Ask me Anything Coinbase AMA on Youtube, Coinbase heads Fred Ehrsam and Brian Armstrong have been asking user-generated questions pouring in from several social media founts. Ehrsam explained: Right now we pay miner's fees for our users. It's kind of the same idea. Most people probably don't want to think about them [the fees]. Also....
Australia moved on Thursday to bring cryptocurrency platforms under mainstream financial rules, proposing fines that could reach A$16.5 million or as much as 10% of a firm’s annual turnover for serious breaches. Related Reading: WLFI Expands Into Payments: Debit Card + Apple Pay On The Way According to the Treasury’s exposure draft, the plan would […]
Bitcoin and digital exchange Coinbase has expanded its services to Australia, enabling customers in the country-continent to buy bitcoin and ether with payment cards. In an announcement today, digital currency exchange and wallet provider Coinbase revealed its expansion effort to Australia. The move will allow users to buy bitcoin and ether with credit and debit cards. Additionally, the exchange is also introducing the ETH/BTC trading pair on the Global Digital Asset Exchange [GDAX] trading platform for Australian customers. However, users will only be able to buy bitcoin and ether....