Coinbase Wallet to Start Bitcoin Support

Coinbase also confirmed it continues to work on the integration of other tokens
06 February 2019   1368

The American stock exchange cryptocurrency Coinbase implemented support for Bitcoin in its wallet application, which was launched six months ago.

Coinbase Wallet already supports Ethereum, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for Bitcoin is an important next step in that direction.

Siddharth Coelho-Prabhu

Coinbase Wallet Team

Coinbase Wallet supports both SegWit addresses and old format addresses. In addition, users can switch to the Bitcoin test network in advanced settings.

In today's announcement, Coinbase also confirmed that it continues to work on the integration of Bitcoin Cash, Litecoin "and other popular cryptocurrencies."

Earlier, some community members noted that Coinbase representatives deliberately avoid mentioning Bitcoin in their public statements, and even assumed that the exchange is building its policy in such a way as to shake the status of the first cryptocurrency.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   300

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.


People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.