Bitcoin News Summary – December 17, 2018

Here’s what happened this week in Bitcoin in 99 seconds. A major shakeup occurred in the crypto market cap rankings this week, with Bitcoin Cash ABC falling to 7th position and Bitcoin Cash SV falling to 9th. The top 6 coins are now Bitcoin, XRP, Ethereum, Stellar, and the US Dollar pegged stablecoin, Tether, followed by EOS. Tom Lee, co-founder of FundStrat, said that his model places Bitcoin’s fair value at $14,000. Weiss Ratings, the international rating agency, said that the current Bitcoin price level represents the best buying opportunity…

A Year Ago Today Bitcoin’s Price Hit a Record $20k

Bitcoin (BTC) is still struggling to find the bottom of a bear market on the anniversary of its $20,000 all-time record price high. At press time, the world’s largest cryptocurrency by market capitalization was trading at $3,230 on Bitstamp – down 83.5 percent from the record high of $20,000 reached on Dec. 17, 2017. BTC is also down 76 percent on a year-to-date basis (from its opening price of $13,880 on Jan. 1) and is on track to end its three-year winning streak. The picture, however, was remarkably different in…

Spend your crypto balance on e-gift cards – The Coinbase Blog

We often hear from customers that they want to be able to do more with their cryptocurrency. We’ve spent 2018 focused on behind-the-scenes utility work to help them do just that. This work has culminated in 12 big updates that we’re excited to share with the community — one announcement every day for our very own 12 Days of Coinbase. These are our holiday season thank you to the community as we head into a big 2019. What better way to start the 12 Days of Coinbase than with a new way…

Empowering Venezuelan families with GiveCrypto – The Coinbase Blog

At Coinbase, we’re dedicated to creating tomorrow’s open financial system, not only by allowing people to buy crypto, but also to use it. GiveCrypto.org (founded by CEO Brian Armstrong) takes some of the best parts of that system — cross-border accessibility, ease of small payments, and real-time transfers — to empower those who don’t have enough in our legacy economy. That’s why we’re using 12 Days of Coinbase as an opportunity to make a $10,000 donation in Zcash ($ZEC) to support their pioneering work. Our donation will support GiveCrypto.org’s project in the Venezuelan border…

Scaling & Developer Productivity – The Coinbase Blog

At Coinbase we care about developer productivity. As we’ve scaled from a single service to many, we’ve invested in tools that give us the confidence to rapidly ship new services to production. Like other growing technology companies we’ve been scaling our once monolithic infrastructure through new microservices that encapsulate well defined tasks, buy-down technical debt and help us move fast. As we’ve gone down this path our DevOps team has worked to maintain high developer productivity. We’ve used data to guide our work that we’re now sharing here and hope…

Token Refreshes – The Coinbase Blog

Every time we log into an app using our Facebook or Google account, we rely on the authentication protocol OAuth. As developers, we frequently have to work with APIs that use OAuth as their authentication mechanism. The Coinbase App uses OAuth to authenticate users so they can buy and sell digital currencies with the Coinbase API. “Highly accurate depiction of OAuth authentication” After receiving a token, apps typically persist it and apply it to each request that requires authentication. In the Coinbase Android app, we do this using an Interceptor.…

Single Sign On via Consensus – The Coinbase Blog

The Infrastructure Team at Coinbase has the goal of enabling any engineer in the company to quickly and securely access and deploy complex infrastructure. This effort started with our secure deployment pipeline Codeflow, was extended by our codification tooling GeoEngineer, and utilized by our blockchain infrastructure project Snapchain. Our latest project to empower engineers was to make it easy and safe to elevate their own permissions temporarily to perform complex infrastructure changes. Everything that engineers do at Coinbase is locked down by a mechanism that implements consensus. In order to…

Watchlist lets you customize your dashboard – The Coinbase Blog

The crypto industry moves fast, and it can be hard to filter the signal from the noise every day. With watchlist, customers can click the star icon on any asset pages to indicate you’re interested in those cryptocurrencies, and your dashboard will feature key information about those assets on a new Following tab. We also know that historic pricing charts aren’t for everyone. Once you’ve created your watchlist, you decide what asset information is most helpful to view first. Choose traditional price charts or a list of market data. If…

Instant PayPal withdrawals now available for all U.S. customers

Starting today, U.S. customers can instantly withdraw Coinbase balances to PayPal, providing even faster access to their funds through one of the world’s easiest and most widely-used payment platforms. These withdrawals are not only fast; they’re free and incur no fees. We work hard to make Coinbase the easiest and most trusted platform around — and now, moving your cryptocurrency to cash is easier and more affordable than ever. PayPal offers U.S. customers an alternative. Before today, you needed an ACH or Federal Wire account to withdraw funds. These traditional finance networks…

Coinbase is for everyone,  Coinbase Pro is for experts

We will list a subset of assets in our consumer Coinbase product, and make advanced features and more assets available to experts via Coinbase Pro. We are at an interesting juncture in the evolution of the blockchain sector. On the one hand, estimates indicate that as of 2018 only a small percentage of internet users hold any cryptocurrency. This means that the vast majority of people have yet to discover the blockchain-based internet, which means that the ecosystem will need a safe, easy-to-use, and compliant on-ramp for cryptocurrency for the indefinite…