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  • Exclusive: Kirobo Integrates with BSC, Adds Scott Stornetta to Its Board

    Exclusive: Kirobo Integrates with BSC, Adds Scott Stornetta to Its Board

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    Israel-based developer of blockchain applications, Kirobo, announced its integration with the well-known Binance Smart Chain (BSC) and the addition of blockchain guru Dr W. Scott Stornetta to its advisory board today. The company highlighted its plan to expand services in the future through the creation of a multi-chain service suite.

    The integration with the hugely popular Binance Smart Chain will enhance the reach of Kirobo’s Defi applications. Moreover, Kirobo’s collaboration will facilitate the company’s goal of providing efficient services to users in the global crypto ecosystem.

    The integration will provide several opportunities to the Binance Smart Chain users as they will be able to take advantage of Kirobo’s innovative products for cryptocurrency management.

    Kirobo’s Undo Button has been making considerable waves in the crypto community, Having safely processed $1.7 billion worth of crypto transactions, its revolutionary ‘undo button’ is believed to have rescued $7 million in recalled transactions on the Ethereum network. In addition, the company’s P2P Swap Button provides a high level of security to direct token Swaps.

    Launched in September 2020, BSC is one of the most popular services of cryptocurrency exchange Binance. BSC has already overtaken Ethereum in terms of the number of transactions per day. The integration connects Kirobo services with WBNB and BUSD, the two main gateway tokens to the BSC network. Moreover, the users of BSC can now use Kirobo’s services with a wide range of digital currencies.

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    “Ethereum is a powerful platform, but as it struggles with throughput, exciting alternatives have appeared. People want to take advantage of them safely and effectively,” said Asaf Naim, Co-Founder and CEO of Kirobo. “By integrating with arguably the world’s most promising smart contract-capable blockchain, we’ve extended the reach of our services to a much broader section of the crypto ecosystem. It’s just one milestone in our roadmap towards multi-chain support for all our current and future products.”

    Addition of Scott Stornetta

    In the latest press release exclusively shared with Finance Magnates, Kirobo announced that the company has added Dr W. Scott Stornetta, known as one of the founding fathers of blockchain technology and cryptocurrency, to its advisory board. In the last few years, Stornetta contributed considerably towards the development of the cryptocurrency market through research and consultation. “We are honored to welcome Dr Stornetta to our team. His importance to the cryptocurrency ecosystem can’t be overstated,” said Tal Asa, Co-Founder and CTO of Kirobo.

    Scott Stornetta and the Kirobo Team
    Scott Stornetta and the Kirobo Team

    “I’m delighted to be joining the Kirobo advisory board, and I’m very much looking forward to advising the team on the development of its products and services. I’ve had a front-row seat to the evolution of the blockchain industry and been fortunate to work with some incredibly talented and dedicated individuals over the course of the last 30 years, so when I met Asaf and the Kirobo team I immediately knew that they were doing something special. Kirobo’s offering is innovative and unique, and I’m excited to be part of its journey,” Stornetta said.

    Kirobo also welcomed Nir Geffen Shimoni, Co-Founder and Managing Partner of Better Alternatives, to its advisory board.



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  • Bringing advanced trading tools to Coinbase

    Bringing advanced trading tools to Coinbase

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    As our customer needs evolve and more sophisticated trading tools are required, we’re exploring creative solutions to continually improve the Coinbase experience for everyone on one unified platform. Starting today, a small number of Coinbase customers will begin gaining access to advanced trading functionality on coinbase.com, enabling a world-class trading experience plus access to other popular Coinbase features like staking and yield, all from a single balance.

    Advanced trading on Coinbase integrates powerful tools into an easy-to-use, trusted platform. See how crypto markets are moving and understand historical trends with a real-time order book, depth charts to visualize it all, and advanced charts and indicators powered by TradingView.

    Eligible customers will be notified via email when advanced trading becomes available to them, with more customers gaining access in the coming weeks. Stay tuned for the next set of milestones as we continue investing in building the best trading experience for all customers on Coinbase.

    Coinbase offers simple and advanced trading. Advanced trading is for experienced traders and is subject to the Trading Rules. Fees on the two platforms vary. Content is for informational purposes and not investment advice. Investing in crypto comes with risk.

    Bringing advanced trading tools to Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • Crypto.com Protocol (CRO) and SUKU (SUKU) are launching on Coinbase

    Crypto.com Protocol (CRO) and SUKU (SUKU) are launching on Coinbase

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    Starting today, Crypto.com Protocol (CRO) and SUKU (SUKU) are available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store CRO and SUKU in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro. Please note that Coinbase only supports ERC-20 CRO running on the Ethereum blockchain.

    Crypto.com Chain (CRO) is an Ethereum token that powers Crypto.com Pay, a service that aims to allow users to pay for goods and services with cryptocurrency while receiving cashback rewards.

    SUKU (SUKU) is an Ethereum token that powers the SUKU Platform, a blockchain-based ecosystem that aims to make supply chains more transparent. SUKU tokens can be used for platform governance and to reward users and SUKU node operators. SUKU Platform is also developing applications for DeFi lending and NFT marketplaces.

    One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see CRO and SUKU), as well as a new section of the Coinbase website to answer common questions about crypto.

    Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store CRO and SUKU today.

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    Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

    This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

    Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

    All images provided herein are by Coinbase.

    Crypto.com Protocol (CRO) and SUKU (SUKU) are launching on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • Commonwealth Bank to enable crypto trading for 6.5M Aussies, ‘other banks will follow’

    Commonwealth Bank to enable crypto trading for 6.5M Aussies, ‘other banks will follow’

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    The Commonwealth Bank of Australia (CBA) is set to launch crypto trading services for the 6.5 million users of its CommBank app.

    The CBA will become the first bank in Australia to support crypto, and Blockchain Australia says it is “inevitable” that the other ‘big four’ banks including National Australia Bank (NAB), Australia and New Zealand Banking Group (ANZ) and Westpac will soon follow suit.

    According to a Nov. 3 announcement, the CBA has partnered with the Gemini crypto exchange and blockchain analysis firm Chainalysis to launch its crypto services. The bank will launch a pilot for a limited number of customers in the coming weeks, before rolling out the full service in 2022.

    Ten crypto assets will be supported in its banking app, with Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) named at this stage.

    Steve Vallas, CEO of Blockchain Australia told Cointelegraph that this move was “extraordinarily important” as the big four banks in Australia “underpin our national and international reputation as a financial services destination.”

    “The confidence that this provides local digital asset sector participants will be dwarfed by the impact that this signal sends around the world that Australia should be a destination for cryptocurrency and digital asset adoption.”

    Vallas believes the rapid growth and adoption of crypto has “shifted the risk of maintaining a wait and see approach” in the view of the big banks to a risk of “inaction” and being left behind. Vallas believes it is only a matter of time before the other major Australian banks launch their own crypto services.

    “It is inevitable that the other banks will follow suit. Clarity in the local regulatory landscape is emerging with issues such as licensing being tackled head on by industry and by Governments. That impediments to action and participation are being removed,” he said.

    Caroline Bowler, the CEO of local crypto exchange BTC Markets echoed similar sentiments to Vallas, noting that “with regulation in the offing and the largest bank in the country allowing it, the floodgates are now open for more appetite from traditional finance.”

    “CBA’s move is exciting and inevitable. It’s yet another ‘red-letter day’ for crypto and it is as though Australia has suddenly put the lead foot down. We have been touted as playing catch up all this while, but now we’re moving into a leadership position globally with our largest bank.”

    Dave Abner, the Global Head of Business Development at Gemini said that his firm was “proud” to be working with CBA to launch world leading crypto services.

    “The exponential growth of digital assets internationally, coupled with Gemini’s institutional-grade security and proactive regulatory approach, positions this partnership to set a new standard for banks and financial platforms in Australia and across the globe,” he said.

    Not everyone was pleased with CBA’s partnership however, with Adrian Przelozny the CEO of Australian crypto exchange Independent Reserve expressing his dismay over the bank partnering with an overseas firm.

    “It’s disappointing that CBA went with an overseas player and didn’t engage with local players at all. We will be reaching out to the other Australian banks now,” Przelozny said.

    Related: Australian Senators pushing for country to become the next crypto hub

    Cointelegraph reported on Oct. 15 that Allan Flynn, a Canberra-based Bitcoin trade settled his first complaint at the ACT Civil and Administrative Tribunal against ANZ for de-banking him in 2018 and 2019 due to his occupation as a Digital Currency Exchange (DCE).

    While ANZ denied any liability, the bank offered him a chance to reapply for a bank account, suggesting that the bank is more open to crypto than it was two to three years ago. Flynn also has a similar case against Westpac ongoing.

    Commenting on today’s news, Flynn told Cointelegraph that the crypto landscape in Australia is rapidly changing:

    “There a lot of things suddenly happening in the Australian Bitcoin space; you have the Senate inquiry, ANZ’s acknowledgment of a legit human rights question to be answered in my complaint, AUSTRAC’s extraordinary statement on de-banking last Friday and now CBA’s digital currency plans being unveiled.”

    “I’m just here arguing my lawful human rights and hoping it makes a difference,” he added.