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COINBASE INDEX FUND LAUNCHES FOR BIG-MONEY INVESTORS AMID BRUTAL MARKET CONDITIONS

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Coinbase is now allowing accredited investors with deeper pockets the ability to utilize the Coinbase Index Fund, which offers exposure to every asset listed on the popular exchange. 

GREATER EXPOSURE

The previously announced Coinbase Index Fund has officially opened for investments of $250,000 to $20M.

Reuben Bramanathan, Product Lead of Coinbase Asset Management, stated in an official announcement:We’ve seen overwhelming interest from investors since we announced the fund earlier this year. At this stage, we have opened the fund to those who wish to invest $250,000 to $20M.

The fund is geared towards institutional investors and those with a lot of money to invest and offers investors exposure to each and every asset listed on Coinbase’s exchange. The cryptocurrencies are weighted by market capitalization, which aims to ensure effective diversification in the event one particular cryptocurrency underperforms.

The Coinbase Index Fund will also include Ethereum Classic, after the announcement earlier this week that the popular San Francisco-based cryptocurrency company would begin supporting the cryptocurrency in the coming months.

Currently, only accredited investors residing in the United States are eligible to utilize the Coinbase Index Fund. However, Coinbase plans to broaden its horizons with other offerings for currently ineligible investors, stating:We’re working on launching more funds which are accessible to all investors and cover a broader range of digital assets.

BAD TIMING (OR NOT)

The launch of the Coinbase Index Fund comes at a time when many retail investors are being shaken out of the volatile bear market.

Each and every asset currently listed on Coinbase is undergoing a rather steep ‘correction.’ Bitcoin (BTC) is currently down, at the time of this writing, 14 percent over the last week. Ethereum (ETH), meanwhile, is down 21 percent, while Bitcoin Cash (BCH) and Litecoin (LTC) are down 25 percent and 20 percent respectively.

There was a time when such an announcement from Coinbase would’ve sent prices skyrocketing — but those days appear to be well and truly over.

That said, institutional investors and those eligible to take advantage of the Coinbase Index Fund might soon find the prices just to their liking.

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The Coinbase Submission Confusion has Smacked Dogecoin (DOGE) Hard in the Bear Market!

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The bear market has been ruthless for most of the altcoins and Dogecoin (DOGE) has been one of its victims. Dogecoin has dropped to 21st spot in the rankings after having a successful time in the recent past. It looks like the Shiba Inu based meme coin has taken a larger smack in this bearish run. Dogecoin has gone through succession of losses in last few days which has dragged it out of the top 20 coins.  

So why has the coin dropped significantly while it had made an impact among the cryptocurrency users? Has DOGE lost its image among the investment bodies, or it is just an effect of the bear market? Well at first glance it looks like that Dogecoin has gone wrong with its short-term plan. As the cryptocurrency users know that the basic fundamentals of the dogecoin are still strong but the shortcoming has been its short-term plan. After the launch of Dogethereum nothing big has been updated by Dogecoin network. And dogecoin has not been able to keep their users up to date about what plans they are coming up with.   

The big reason of its recent drop is the news of the Dogecoin dev team not preparing for a potential move to put forward the submission of DOGE’s listing on Coinbase Exchange. One of the members of Dogecoin’s development team stated on Reddit:  “We just cannot do it in an automated fashion with their online Google forms, since they ask questions which do not apply to us. Ergo we are not “preparing” that submission, no, because we can’t.”

This statement from dogecoin’s representative has driven away most of the short-term traders who were investing in dogecoin just because of Coinbase listing to drive its price. Nevertheless, the member of dogecoin dev team cleared the issue and further stated: 

“We still intend to try to get listed on Coinbase.”

This doesn’t mean that Dogecoin is out of the picture at all but for a while it can’t due to certain specifications. Dogecoin has the potential to get listed on Coinbase, if in future Coinbase decides to enlist dogecoin directly, the chances are that it will make it to the exchange. In the long run, the core groundwork will decide the growth of dogecoin’s network and the fun coin has one of the powerful fundamentals among the digital assets.  

During the time, Dogecoin dip from 20th spot to 21st spot is just a short-term price rectification. As the market grows on and becomes stable, its upside momentum will eventually take dogecoin to its previous spot or even higher depending upon market condition and one of its prove has been its last three months bullish performance. 

At the time of writing, Dogecoin was trading with a price of $0.0044 USD with a market cap of $518 million and had a trade a trade volume of $16 million. After its recent price drop from $0.005 USD, dogecoin is improving a bit. Currently, it was rising up with a rate of %1.4 in last 24 hours.

Source: cryptoglobalist

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Basic Attention Token (BAT) Trading See Double-Digit Boost Amidst Coinbase Rumors

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Basic Attention Token (BAT) Trading See Double-Digit Boost Amidst Coinbase Rumours
BAT, the token set to reward users of the Brave browser for viewing adverts, is one of a few coins that showed green last week when others didn’t.

BAT’s rise comes amid speculations that the cryptocurrency might be the next to be listed on Coinbase, following the footsteps of the recently added 0x. The speculation is backed by a report released by Coinbase that had talked about exploring the addition of cryptocurrencies like Basic Attention Token [BAT], Stellar Lumens [XLM] and Cardano [ADA]. More specifically, the exchange had made it clear they were introducing ERC20 tokens at some point. The two currencies named in this conversation are 0x – which has been added – and Basic Attention Token. As such, it appears to be a matter of time until BAT makes it to this platform.

There are many different reasons as to why Basic Attention Token can be a pretty interesting project moving forward. The native asset of the Brave browser has the potential to change the way people look at the internet altogether. It is also a token subject to a fair bit of speculation in the cryptocurrency industry these days, which can lead to quite a bit of volatility along the way.

Founder Eich revealed more of the plans for the promised Brave user rewards of BAT in August 2018, including that users are now testing adverts and payment methods ready for roll out. Something that could be garnering attention for Brave this week is Eich’s letter to the U.S Senate calling for a U.S version of Europe’s new data protection policy GDPR. Notably, the EU’s chief privacy regulator, Andrea Jelinek, referred to the letter in her testimony to a U.S Senate Committee.

However, on the other hand, Quantum Vision tried to convey some technical analysis wisdom with BAT speculators. His findings indicate there will be a potential dip which pushes the value down to $0.191 again. Even so, the target for this week seems to hover near the $0.24 mark, a value which certainly isn’t out of reach based on the current circumstances.

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0x [ZRX], Basic Attention Token [BAT] see double-digit rises; Coinbase speculated to be common factor

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The markets opened today, October 17, to a mixed bag of bullish and bearish rises. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP were trying hard to escape the clutches of the bear but surprisingly, it seems to be the day of the underdogs.

Cryptocurrencies like 0x [ZRX] and Basic Attention Token [BAT] have been seeing double-digit shoot ups due to development news and listings on popular exchanges.

At the time of writing, 0x [ZRX] was rising at an impressive 28.95% with a total market cap of $518.489 million. The cryptocurrency was trading for $0.957, with a 24-hour market volume of $132.751 million.

Binance held a staggering majority of the total ZRX trade volume, 44.51% to be exact. Binance’s volume hold of $61.504 million was followed by Coinbase Pro, which had a grasp on $21.640 million of the entire trade volume.

0x 24-hour chart | Source: CoinMarketCap

0x 24-hour chart | Source: CoinMarketCap

0x’s massive growth comes in the wake of the cryptocurrency being listed on Coinbase, a popular cryptocurrency exchange. Coinbase had stated:“Coinbase customers can now buy, sell, send, receive, or store ZRX, along with Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. ZRX will be available for customers in most jurisdictions, but will not initially be available for residents of the United Kingdom or the state of New York.”

The other cryptocurrency enjoying the rodeo was Basic Attention Token [BAT], joining the double digit growth club. At press time, BAT was surging by 11.12%, with a total market of $206.668 million. The cryptocurrency was trading for $0.207 with a 24-hour market volume of $12.823 million.

Basic Attention Token 24-hour chart | Source: CoinMarketCap

Basic Attention Token 24-hour chart | Source: CoinMarketCap

Binance was again in the picture when it came to majority trade volume hold, with almost $5.904 million of all BAT trade occurring on the exchange. Binace was closely followed by EtherDelta, with a grasp of $1.945 million of all Basic Attention Token trade volume.

BAT’s rise comes amid speculations that the cryptocurrency might be the next to be listed on Coinbase, following the footsteps of the recently added 0x. The speculation is backed by a report released by Coinbase that had talked about exploring the addition of cryptocurrencies like Basic Attention Token [BAT], Stellar Lumens [XLM] and Cardano [ADA].

Source:ambcrypto

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