ycagel
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January 26, 2015, 04:22:12 AM |
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Check this out: Coinbase Secures Approval to Launch Regulated US Bitcoin Exchange Jon Southurst (@southtopia) | Published on January 25, 2015 at 23:15 GMT
Bitcoin services provider Coinbase is set to launch a US exchange on Monday – one reportedly already approved by regulators in 25 states, including California and New York.
Coinbase has until now acted largely as a brokerage for bitcoin users. By expanding into this new vertical the company will be able to "offer greater security for individuals and institutions to trade bitcoin and monitor real-time pricing of the cryptocurrency", the company told the Wall Street Journal.
“Our goal is to become the world’s largest exchange,” said Coinbase chief executive Brian Armstrong, who also indicated that he ultimately plans to expand the exchange to users overseas. For the time being it will be limited to users in the US.
The company will offer users two initial months of fee-free trades, and will take a 0.25% commission fee on all transactions thereafter. Countdown to launch
The launch comes hot on the heels of Cameron and Tyler Winklevoss' announcement of their plans for a US exchange, called Gemini, which was also touted as the first to operate with full regulatory approval, but is not yet open to the public.
It also coincides with the launch of the Coinbase Lunar teaser website – a webpage otherwise unmarked except for the title "To The Moon!", an animation of a rocket heading towards the moon and a clock counting down to Monday in centiseconds – that has incited speculation amongst the community about the forthcoming news.
It has $106m behind it from Andreessen Horowitz, the Draper Fisher Jurvetson (DFJ) Growth Fund, Union Square Ventures, Ribbit Capital and as of last week's announced series C funding round, BBVA, the New York Stock Exchange (NYSE), Fortune 500 financial services group USAA and Japanese telcom giant DoCoMo. Road to regulation
In the fall Coinbase expanded its services to 18 European markets in- and outside the eurozone and European Union, with varying degrees of bitcoin exchange limits. It has since hired former Senate aide John Collins as an in-house liaison to US policy makers, a move that many industry observers deemed significant in maintaining and progressing the bitcoin dialogue in Washington.
The company began maintaining balances in USD with instant bitcoin purchases for customers in select US jurisdictions in December. Previously, US customers had to either wait days to acquire bitcoin or enable the 'instant buy' feature by linking a credit card to their accounts.
CoinDesk will continue to monitor this developing story.
Tanaya Macheel contributed reporting. Source: http://www.coindesk.com/coinbase-secures-approval-launch-regulated-us-bitcoin-exchange/
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AlexMc
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Activity: 54
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January 26, 2015, 05:12:18 AM |
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Transaction too large error when sending
Hi
Anyone else had this error when trying to send DGB from the Digibyte Core v3.0.3.0-g354c0f3-MultiAlgo (64-bit) wallet. The transaction in question was for 1 million DGB.
I then managed to get it to send successfully for 879000 with a transaction fee of 0.04 DGB being added. When I tried again a few minutes later it seemed happy to send 1 million DGB, but this time it added a transaction fee of 2 DGB. Weird...
Any ideas.
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Blazin604
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January 26, 2015, 05:45:42 AM |
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Check this out: Coinbase Secures Approval to Launch Regulated US Bitcoin Exchange Jon Southurst (@southtopia) | Published on January 25, 2015 at 23:15 GMT
Bitcoin services provider Coinbase is set to launch a US exchange on Monday – one reportedly already approved by regulators in 25 states, including California and New York.
Coinbase has until now acted largely as a brokerage for bitcoin users. By expanding into this new vertical the company will be able to "offer greater security for individuals and institutions to trade bitcoin and monitor real-time pricing of the cryptocurrency", the company told the Wall Street Journal.
“Our goal is to become the world’s largest exchange,” said Coinbase chief executive Brian Armstrong, who also indicated that he ultimately plans to expand the exchange to users overseas. For the time being it will be limited to users in the US.
The company will offer users two initial months of fee-free trades, and will take a 0.25% commission fee on all transactions thereafter. Countdown to launch
The launch comes hot on the heels of Cameron and Tyler Winklevoss' announcement of their plans for a US exchange, called Gemini, which was also touted as the first to operate with full regulatory approval, but is not yet open to the public.
It also coincides with the launch of the Coinbase Lunar teaser website – a webpage otherwise unmarked except for the title "To The Moon!", an animation of a rocket heading towards the moon and a clock counting down to Monday in centiseconds – that has incited speculation amongst the community about the forthcoming news.
It has $106m behind it from Andreessen Horowitz, the Draper Fisher Jurvetson (DFJ) Growth Fund, Union Square Ventures, Ribbit Capital and as of last week's announced series C funding round, BBVA, the New York Stock Exchange (NYSE), Fortune 500 financial services group USAA and Japanese telcom giant DoCoMo. Road to regulation
In the fall Coinbase expanded its services to 18 European markets in- and outside the eurozone and European Union, with varying degrees of bitcoin exchange limits. It has since hired former Senate aide John Collins as an in-house liaison to US policy makers, a move that many industry observers deemed significant in maintaining and progressing the bitcoin dialogue in Washington.
The company began maintaining balances in USD with instant bitcoin purchases for customers in select US jurisdictions in December. Previously, US customers had to either wait days to acquire bitcoin or enable the 'instant buy' feature by linking a credit card to their accounts.
CoinDesk will continue to monitor this developing story.
Tanaya Macheel contributed reporting. Source: http://www.coindesk.com/coinbase-secures-approval-launch-regulated-us-bitcoin-exchange/Monday as in this Monday?
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AlexMc
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January 26, 2015, 06:35:44 AM |
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not so weird, the system wants to get paid for services provided.
if the amount you are sending is large the system wants a min amount (IDK what that is) to send it, 2 DGB if farrrr more than enough.
I'm quite used to paying a transaction fee, and the wallet automatically determines the fee. The thing I find strange is that I get a "transaction too large.." one minute, and then a few minutes later the same size transaction is not too large any more. Also there's a large discrepancy in the transaction fee that was automatically levied. The second transaction, which was for 14% more than the first, had a 500% greater transaction fee!
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HR
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Merit: 1011
Transparency & Integrity
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January 26, 2015, 08:16:45 AM |
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Transaction too large error when sending
Hi
Anyone else had this error when trying to send DGB from the Digibyte Core v3.0.3.0-g354c0f3-MultiAlgo (64-bit) wallet. The transaction in question was for 1 million DGB.
I then managed to get it to send successfully for 879000 with a transaction fee of 0.04 DGB being added. When I tried again a few minutes later it seemed happy to send 1 million DGB, but this time it added a transaction fee of 2 DGB. Weird...
Any ideas.
I have seen doubling transaction fees on successive transactions quickly made one after another (e.g. .02, .04, .08, etc). I have also seen the fee immediately go back to zero if you wait 30 seconds or a minute after a string of successive transactions quickly made one after another (e.g. .02, .04, .08, wait a minute and send again). I have also seen the entire pattern repeat itself if sending many transactions quickly again after having gone back to zero fee after a wait period. The fee, and its size, seems to be linked to the number of "sends" a user is trying to include in the same newly discovered block; however, that may be entirely wrong and it could be the number of users and their aggregate "sends" at the time that determine whether there is a fee or not and how much it will be. Since my experience is limited, I cannot give you further information or a better answer. I am not aware if the Dev Team has published information clearly describing and informing on how this works. If they have, maybe someone could point us in the right direction to find that info, and if they haven't, I'm sure the Devs will make the effort to answer your question by making that information available to us as soon as they have the time to write down a few lines. Very good question BTW. Thanks.
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CryptoRaver
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January 26, 2015, 09:01:42 AM |
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Seems like everyone sell the altcoins and jump in to bitcoin today expect high value because 2 new usa based exchanges?
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illodin
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January 26, 2015, 09:02:48 AM |
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Time to get digibyte to coinbase?
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CryptoRaver
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January 26, 2015, 09:08:24 AM |
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That will be nice
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suchPotato
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January 26, 2015, 09:19:21 AM |
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Seems like everyone sell the altcoins and jump in to bitcoin today expect high value because 2 new usa based exchanges?
Usually alts keep their bitcoin change rate in these cases. Especially these not too big that have hardly any direct fiat to alt exchanges, imo.
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Gunther
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January 26, 2015, 09:22:19 AM |
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So, it was just a pump after all ? Of course, the uptrend was too fast, too big, but i expected this to stay higher.
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CryptoRaver
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January 26, 2015, 09:32:58 AM |
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A steady growth of 5 sat per week will by a healthy trent.
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Gunther
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January 26, 2015, 09:47:41 AM |
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If we stay in the high 20's for a while, i would be happy. As long as we don't go below ~25 or something again. You can't expect it to go (and stay) >40 now.
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CryptoRaver
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January 26, 2015, 10:04:45 AM |
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If we stay in the high 20's for a while, i would be happy. As long as we don't go below ~25 or something again. You can't expect it to go (and stay) >40 now.
We have nice little buy walls on 19/22 both bittrex and cryptsy
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suchPotato
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January 26, 2015, 10:26:46 AM |
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So, it was just a pump after all ? Of course, the uptrend was too fast, too big, but i expected this to stay higher.
Well if it stays in the 25-28range you can't complain about it. There was at least one guy pumping, as the movements on cryptsy were odd to say the least (the buy walls, in particular), but then I don't know if he got dumped in the face or did a pump and dump himself
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Gunther
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January 26, 2015, 11:14:41 AM |
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Where is the mining-pool list?
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bithasher
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January 26, 2015, 11:21:15 AM |
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Time to get digibyte to coinbase? Yeah I agree with you coinbase will make huge impact on the DGB. It would be nice to see DGB on the coinbase.
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halinyo
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The future is bright with DigiByte.
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January 26, 2015, 11:53:10 AM Last edit: January 26, 2015, 12:04:46 PM by halinyo |
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Time to get digibyte to coinbase? Yeah I agree with you coinbase will make huge impact on the DGB. It would be nice to see DGB on the coinbase. Do you really think this is possible for now while all the alts are melting due to the BTC jump? Come on guys be realistic, but I wish that was possible
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24hralttrade
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January 26, 2015, 12:39:59 PM |
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Time to get digibyte to coinbase? Yeah I agree with you coinbase will make huge impact on the DGB. It would be nice to see DGB on the coinbase. Do you really think this is possible for now while all the alts are melting due to the BTC jump? Come on guys be realistic, but I wish that was possible If they could see furhter then only volume and look at wath the coins stands for. Yes they would add it! because they only look at the volume of the coin they will not add it yet. Offcourse reminding them once in while Digibyte is here to stay is always good!
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Sharkzz1
Sr. Member
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Think differently
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January 26, 2015, 01:36:22 PM |
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How would they add DGB if they don't even have LTC on their site
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Gunther
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January 26, 2015, 02:13:20 PM |
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How would they add DGB if they don't even have LTC on their site
^. People are dumping alts today because they want to trade BTC, it's normal.
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