Coinbase hits top spot on Apple’s US App Store despite struggling to handle bitcoin demand

 Ignoring recent price rises for a second, if you can — there’s no greater sign of bitcoin fever than an app that lets you buy the cryptocurrency becoming the most downloaded app in the App Store. That’s exactly what happened on Thursday when Coinbase, the $1.6-billion-valued company behind what is arguably the world’s best-known exchange for converting fiat into… Read More

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Coinbase ordered to turn over to the IRS data on users trading more than $20,000

 Most digital currencies exist in a sort of twilight state just beyond the grasp of federal regulators, but the U.S. tax authority is starting to get savvy to this whole bitcoin thing. On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015. Read More

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Coinbase’s Custody service wants to store bitcoin for institutional investors

 Safely investing in and storing digital currency isn’t exactly easy, especially if you’re a large institutional firm. So to help Coinbase just announced that they’re launching a service called Coinbase Custody, which will securely hold digital assets for institutional investors. The service will only be available to funds willing to store $10M or more of digital currency… Read More

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Coinbase is launching instant purchases and ditching the 3-5 day wait period

 Coinbase just announced that users can instantly purchase cryptocurrency and have it be funded from a U.S bank account. Until now these types of purchases took between 3-5 days to complete, as Coinbase waited for funds to transfer via ACH before they credited your purchase. This wait meant that users would often get frustrated because of bitcoin’s inherent volatility – the price… Read More

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