Coinprism to Shut Down on March 31

Users of Coinprism are recommended to transfer their bitcoins and "colored coins" to another cryptocurrency wallet
19 February 2018   1027

The cryptocurrency exchange from Dublin Coinprism, specializing in the so-called "colored coins", announced the imminent termination of work. According to the report, users have time until March 31 to withdraw funds from the site and export their private keys.

According to the site representatives, since the launch in 2014, blockchain-technology has evolved significantly, which has resulted in the Coinprism ceasing to be competitive, especially against the emergence of ERC20-based Ethereum tokens, on the basis of which many primary offers of coins (ICO) are conducted.

Users who store funds on Coinprism are strongly advised to transfer their bitcoins and "colored coins" to another crypto-currency wallet.

Bitcoins and "colored coins" function in the blockchain regardless of the Coinprism platform. Thus, the funds will not be lost after the closure of the site. However, users may lose access to their assets if they do not export their private keys on time.

It is worth noting that Coinprism used "colored" coins, symbolizing completely different assets - from securities to cars, gold and real estate.

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC
18 July 2018   123

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.