Coinbase shills 5 new coins
I, Tezos, grant you $232 million
The BitTezos, the second most funded ICO of all time, will now be dipping into that pool to offer grants to develop their product and organization.
The Bigger PictureThe company is offering the grants for three broad purposes: 1. Research that furthers the Tezos protocol and related technologies. 2. Development of tools and applications to support the Tezos ecosystem. 3. Efforts to strengthen and nurture the burgeoning Tezos community. Their network is currently operating in a beta version. Grant projects will likely facilitate launching their mainnet. Coinbase shilled these 5 coins
The BitOn Friday, Coinbase announced they're working on adding five new cryptocurrencies to their platform, and to no surprise, each coin quickly grew 10%+.
The Bigger PictureThey’re experimenting with Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX), however, users will likely not have full access to these coins through Coinbase, and the anonymous feature of Zcash would be unavailable. In a very similar way to Robinhood or Circle Invest, investors will “buy” the coins, but never have the actual wallet associated with the coin. Their recent addition of Ethereum Classic (ETC) was quick because the protocol is so similar to Ethereum (ETH), which they already had support for. You should follow tokenization
The BitThe fifth ICO to come off AngelList’s cryptocurrency spin off CoinList hopes to raise $61 million to develop a tokenization platform.
The Bigger PictureThe company has been very successful in the past with their releases of Origin (sharing economy platform), Props (live-streaming), Blockstack (decentralized web protocol) and Filecoin (token for cloud storage). However, they are probably best known for the stablecoin TrueUSD, which is looking to take over for Tether (USDT) as the most widely used USD-pegged coin. On the new tokenization platform, the company would create similar stablecoins pegged to the Euro and Yen. “If the primary purpose of school was education, the Internet should obsolete it. But school is mainly about credentialing.” - AngelList CEO Naval Ravikant