Bitcoin Trading Volume on Coinbase Hits Year High
- June 8, 2019
- Posted by: P2PEP
- Category: P2PEP NEWS
Bitcoin trading volume on crypto exchange Coinbase recently hit 263,000 in May, a volume which had not been seen since February 4, 2018.
Bitcoin (BTC) trading volume on major cryptocurrency exchange Coinbase recently hit a high of 263,000 on May 12, a volume which has not been seen since February 4, 2018. Bitcoin most recently approached this number in November, with a peak of 259,000 on the 18th.
Bitcoin 2-year volume chart. Source: Bitcoinity
The Bitcoin price was similar between the two peaks at or above 263,000 volume, near $7,710 and $7,950 for May 12 and February 4, 2018 respectively, but these are larger than the similar peak on November 18 when BTC was sitting around $4,410.
Bitcoin 2-year price chart. Source: Bitcoinity
For volatility, however, there is much more similarity between the spikes in May and November than the high in February. May 12 and November 18 saw volatility ratings of 16.7 and 10.3 respectively, with February 4 volatility clocking in at a whopping 54.7.
Despite Recent Market Downturn, Coinbase CEO Brian Armstrong Remains Bullish
- August 18, 2018
- Posted by: P2PEP
- Category: Bitcoin, Blockchain, Coinbase, Cryptocurrencies, Cryptocurrency Exchange, Markets, Markets News, P2PEP NEWS, Prices, Trading, Uncategorized
Brian Armstrong, chief executive of San Francisco-based Coinbase appears to be unfazed by the market’s undisguised downturn, and has stated his cryptocurrency exchange was signing up 50,000 new members a day last year.
After shedding $60 billion in one week, market capitalization now has late investors firmly in the red. Early adopters may also be recording double-digit losses as Ethereum falls back to September 2017 prices and Bitcoin eyes dipping below the 70 percent retracement level.
Fear, uncertainty and doubt (FUD) may easily find footing in a bear market; however, Armstrong seems to believe that the technological prowess of cryptocurrency will be the cure-all for worried investors.
Speaking at the Bloomberg Players Technology Summit, the Coinbase co-founder stated:
“This technology is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau. People’s expectations are all over the map, but real-world adoption has been going up.”
Facebook’s David Marcus Quits Coinbase to Avoid ‘Appearance’ of Conflict of Interest
- August 13, 2018
- Posted by: P2PEP
- Category: Altcoin, AML, Australia, Banks, Bitcoin, Bitcoin Price, Bitcoin Regulation, CFTC, Coinbase, Crimes, Cryptocurrencies, Cryptocurrency Exchange, Ethereum Price, Facebook, IBM, ICO, IRS, Jamie Dimon, Markets, P2PEP NEWS, Russia, SEC, USA
Facebook blockchain head David Marcus announced he was quitting his position on the board of U.S. cryptocurrency exchange Coinbase Friday, August 10, in a statement seen by various media outlets.
Marcus, who joined the exchange’s board in December 2017 and took on a blockchain research group at Facebook in May, said he now thinks it is “appropriate” to leave.
“Because of the new group I'm setting up at Facebook around Blockchain, I've decided it was appropriate for me to resign from the Coinbase board.
“…I've been thoroughly impressed by the talent and execution the team has demonstrated during my tenure, and I wish the team all the success it deserves going forward.”
The decision comes as rumors continue to swirl about a potential acquisition of Coinbase by Facebook. Last month, the social media platform allowed the exchange to advertise its services, reversing a ban which took effect in January.
Correspondingly, media outlets quoted sources which suggested a per..