|Day's Range||0.045 - 0.048|
|52 Week Range||0.0261 - 0.3884|
|Volume (24hr) All Currencies||46.71M|
The price of bitcoin has fallen below $4,000 for the first time since September 26, 2017 and is now down 30 percent in the last 7 days alone.
Bitcoin (BTC) dropped to its lowest level since October 2017 on Monday, as losses are seen across the broader crypto market.
In a move to expand its asset offerings, Coinbase has created a new process by which anyone with a token can apply to have it listed on the platform.This news comes weeks after Coinbase said it was exploring the addition of several new assets including Stellar Lumens (XLM), Zcash (ZEC) and Cardano (ADA).At present, Coinbase carries only a handful of top cryptos on its platform: bitcoin, bitcoin cash, ether, ethereum classic and litecoin. The new policy will change all of that. Creators can now visit listing.coinbase.com to apply to have their digital asset listed on the platform. Coinbase says the new process will be free initially, but a fee could be introduced in the future to cover the legal and operational costs involved in onboarding new coins.The statement from Coinbase reads in part:"There are now thousands of digital assets of all types, including coins, tokens, forks, stablecoins, and collectibles. One of our top customer requests is to add support for these new assets, and we have been determining how to do this in a secure and compliant way for those assets meeting our standards."These changes will open Coinbase to an exponentially broader pool of blockchain-based projects and make it more competitive with foreign exchanges that offer a variety of options for traders.Dan Romero, vice president and general manager of Coinbase Consumer, told CNBC that crypto is becoming more important across the world, particularly in emerging markets and there is a need for Coinbase to "shift as a company to a more global perspective."While Coinbase might have opened the floodgates with the overhaul of its listing process, the company will only list digital assets that are "compliant with local law" and satisfy listing requests in a "jurisdiction-by-jurisdiction manner." In other words, assets available to Canadian customers, for example, might not be available to customers in the United States. Theoretically, users could leverage a VPN to circumvent jurisdiction-by-jurisdiction restrictions (this tactic is employed for other services and platforms, such as Netflix). But Coinbase could also police VPN use to bar this behavior, a practice which, while resource and time intensive, may also put off some of the crypto industry’s die-hards who value privacy. As of publication, Coinbase has not yet responded to Bitcoin Magazine 's request for comment or offered a game plan to police such activity. This article originally appeared on Bitcoin Magazine.
Coinbase's new policy will speed the addition of assets to the exchange but may leave users in some places unable to trade coins available elsewhere.
XRP is a standout performer today in the cryptocurrency market as its price boasts double-digit percent gains for the second time this week.
Ethereum, the world's second-largest cryptocurrency by market capitalization, fell to its lowest price of 2017 on Wednesday.
The marijuana industry could benefit from the implementation of blockchain technology. But will it be solving a problem that doesn't need solving?
EOS' launch has been fraught with controversy. Some users are fed up, and they're forking the protocol to give the network a better shot.
Even though it's yet to gain much notoriety, token project Spectre is innovating in a trending area – private staking for proof-of-stake blockchains.
The crypto markets are set to end the second week of May on a low note, with all but a few, such as bytecoin and zilliqa, showing significant losses.
Bitcoin may be inching up of late but the market for alternative cryptocurrencies remains a choppy sea of big winners and losers.
February is officially in the books for the crypto markets, though some coins may be left wishing they could turn back time.