Coinbase gets approval to list Coins deemed Securities

Coinbase said it got the green light from U.S. watchdogs to move forward with a trio of acquisitions that will allow it to become one of the first federally regulated venues for trading digital coins deemed to be securities. Last month, Coinbase acquired Keystone Capital, a California-based FINRA-registered broker-dealer that operates as an alternative trading system.

With permission to trade tokenized securities, Coinbase users could soon have the ability to move beyond the limited cryptocurrency options currently available to be traded on the site’s central exchange which currently just lists Bitcoin, Bitcoin Cash, Ethereum and Litecoin. The company announced last week that it was exploring adding five new tokens to its exchange, including Cardano, Basic Attention Token, Stellar Lumens, Zcash and 0x.

Read more at Techcrunch

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Sudden congestion of Ethereum network causes spike in gas prices

The congestion in the Ethereum network (20x spike in gas price) is caused primarily by a marketing campaign of Fcoin – a new digital assets exchange out of China. Fcoin is asking users to vote for tokens to be listed on theirs exchange. The top 20 tokens will get listed for free on Fcoin exchange. The condition for a vote to be counted is to transfer at least 1 unit of that token into the exchange, but, from a new, unique Ether address. Since top exchanges usually charge a lot for a token to be enlisted, ICO investors of tokens do not mind paying a high premium in gas price(comparatively still very low) for getting their token to the Top 20 free tokens list of Fcoin, hence causing a spike in gas prices.

Read more at StocksGazette

Over 800 cryptocurrencies are now dead

cryptocurrencies dead cnbc

In the last few years, cryptocurrencies have been cropping up across the world. While, these blockchain based projects have raised massive amounts of capital, overall they have failed to deliver what was promised in their white-papers. Few who delivered survived, while the rest perished. Over 800 of these crypto currencies are now dead, adding to comparisons between the current digital coin market and the dotcom bubble in 2000.

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