Coinbase CEO Brian Armstrong Commits His Digital Currency Fortune to Charity

Brian Armstrong Coinbase CEO | Twitter | LinkedIn

Having launched GiveCrypto.org earlier this year to make direct cryptocurrency transfers to people living in poverty, Brian Armstrong — CEO of US crypto exchange giant Coinbase — has now promised to give a huge chunk of his fortune away to charitable causes.

“This year, I started my first philanthropic effort, GiveCrypto.org, which makes direct cash transfers to people living in poverty. I’m excited about the potential for this organization to help people, but I’m still early on my journey of discovering how to have the most impact via philanthropy.”

Per a report on CNBC, Armstrong signed the Giving Pledge, becoming the first cryptocurrency entrepreneur to pledge to donate the majority of his wealth for the greater good.

The Giving Pledge is a campaign started in 2010 by billionaires Bill Gates and Warren Buffett, which seeks to encourage the world’s wealthiest to use their fortune to help make the world...

 


Coinbase Cryptocurrency Exchange Adds Cash Withdrawals to PayPal

Big news for the digital currency economy with Paypal payments integrating with CoinBase. Growing the bridge between cryptocurrency and digital payments for consumers.

Major US Crypto Exchange Coinbase Adds Cash Withdrawals to PayPal

Major American cryptocurrency exchange Coinbase has introduced free of charge cash withdrawals to online payment system PayPal, according to an announcement published Dec. 14.

From now on, Coinbase’s United States-based customers are able to withdraw their cash balances to Paypal. The service for other countries will reportedly be rolled out some time in 2019.

Coinbase and PayPal previously integrated in 2016, when Coinbase added support for the payment platform in addition to major credit cards. At the time, Coinbase users were able to sell Bitcoin (BTC) and have their fiat funds deposited to a PayPal wallet. The integration was subsequently terminated due to technical difficulties.

With this move, Coinbase has enhanced its range of services,...


Coinbase looks to support 31 cryptocurrencies

The exchange summed-up their main goal that was proclaimed in the month of September, to provide much support for every asset, that conform their set standards, and also not contradicting with the existing local laws.

Coinbase, the U.S Crypto Exchange, officially declared on Friday December 7 via a blog post, that they are delving into the addition of more, new and significant assets.

In a blog post, Coinbase revealed:

“We are continuing to explore the addition of new assets and will be working with local banks and regulators to add them in as many jurisdictions as possible.”

The exchange summed-up their main goal that was proclaimed in the month of September, to provide much support for...


Coinbase Rolls Out System to Addressing Bitcoin Payments

With transaction fees "volatile and unpredictable," sending cryptocurrencies can sometimes be frustrating.

So says U.S.-based crypto exchange Coinbase in a new blog post that sets out the issues rising from shifting miner fees, and exactly what it has been doing to address the problem.

As most who have sent or received bitcoin will know, the primary problem is that the fee variations can mean significant changes in the amount of time it takes for transactions to be confirmed. Coinbase says this wastes company time in pointless support requests and provides users with a "frustrating experience."

The reason fees rise and fall so readily is that rather than clawing back transaction costs via a percentage – as card firms like Visa and Mastercard do – bitcoin and other cryptocurrencies pay miners a fee to confirm transactions. And that's based on a model not dissimilar to bidding at an auction.

At times when the bitcoin network is busiest, miners have a queue of transactions to process and these are prioritized by dealing with the transactions offering the highest fee first.

But the method can cause lengthy delays before transactions are confirmed and the funds have "arrived." It can also cause spiking fees...


Coinbase Study Finds Blockchain Courses Popular With University Students

 Blockchain Courses Popular With University Students, Coinbase Study Finds
Blockchain Courses Popular With University Students, Coinbase Study Finds

Crypto is making its entrance into the world’s academic scene, and students are lining up to learn.

A recent Coinbase study reveals that University students want to learn more about cryptocurrency and blockchain technology. Commissioned by Coinbase in partnership with Qriously, the survey sampled 675 U.S. students, and it found that students across all majors have an interest in blockchain technology.

Some have literal vested interest in the cryptocurrency market itself, while others are looking to leverage blockchain courses to break into the space’s developing job market. Of those surveyed, 18 percent reported holding some value in cryptocurrency. Another 26 percent indicated that they’re interested in taking a blockchain-related course in the future, with the most immediate interest coming from social science (47 percent) and computer science (34 percent) majors.

Benedikt Bunz, a doctoral student at Stanford, said the "tremendous excitement" around the blockchain and cryptocurrency courses is due to the ease of getting a job after graduation due to the high demand for blockchain experts.

“If you’re an expert in cryptocurrencies and cryptography you’ll have a difficult time not finding a job,” he noted.

The survey also studied the top 50 universities in the world as ranked by the U.S. News...