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Max Keiser Bashes Coinbase's Idea of Adding New Tokens, Accuses Crypto Exchange of Operating Outside CA Law

News
Thu, 06/11/2020 - 12:11
Vladislav Sopov
Amidst increasing criticism, Coinbase has decided to list new assets. Russia Today host and Bitcoin (BTC) proponent Max Keiser has slammed them for 'casino'-like approach
Max Keiser Bashes Coinbase's Idea of Adding New Tokens, Accuses Crypto Exchange of Operating Outside CA Law
Cover image via www.facebook.com
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Max Keiser, Bitcoin (BTC) evangelist, popular TV host and founder of Heisenberg Capital Bitcoin (BTC) hedge fund, has criticized the Coinbase multi-currency crypto exchange for the idea listing shady tokens.

Coinbase is in hot water

Today, on June 11th, 2020, the Coinbase exchange announced it is considering new listing proposals. For some of them, it will be their first listing: as unveiled by Coinbase, not all of the tokens under consideration are live.

Coinbase considers listing of 18 altcoins
Image via Twitter

Coinbase assured that every asset will be evaluated against their brand's Digital Asset Framework to guarantee full compliance with local financial regulations.

The list of tokens that may be listed on Coinbase is interesting. In this proposal, well-known DeFi assets (of Aave Protocol, Bancor, Synthetix) are accompanied by real-world blockchain-based solutions (VeChain) and tokens of decentralized data storages (Render Network, Sia, etc.)

According to the official announcement, every listing is subject to detailed compliance and will strictly follow regulations of corresponding jurisdictions.

This statement has been released amidst a storm of criticism that started with Nassim Talleb leaving Coinbase due to slow responses from technical support. Also, Coinbase has been criticized for its failure to handle traffic spikes in periods of Bitcoin (BTC) volatility.

Max Keiser disapproves of alts, particularly 'phantom coins'

Mr. Keiser has slammed the idea of Coinbase's new listings. According to him, with these altcoins available on Coinbase, the service resembles a casino, from a technical point of view. Thus, it should be held to draconian gambling regulations.

Max Keiser bashes Coinbase
Image via Twitter

He highlighted that mostly, these to-be-listed coins will exist only by virtue of being listed on Coinbase. It is possible only because the company operates outside of California's law.

Max Keiser is a prominent critic of altcoins. In a recent exclusive interview with U.Today, he bashed major altcoins, including Bitcoin Cash (BCH), Bitcoin SV (BSV) and XRP for being 'exit scams'.

He highlighted that he was never interested in investing in altcoins as Bitcoin (BTC) is the only valuable blockchain in terms of hashrate and economics.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)