Coinbase recently announced the integration of ‘Stop Order’ function which allows its users to trade bitcoin in a convenient fashion without having to deal with drastic price fluctuations. What Is a Stop Order and Why Is It Important? To begin with, a stop order is a feature that allows users to buy or sell any asset on a trading platform when the target asset’s value reaches a particular price point of choice. Stop orders are also known as stop-loss orders. The securities watchdog and enforcement agency in the United States – Securities Exchange Commission defines stop-loss order or stop order as an order to either buy or sell a stock once that particular stock’s price reaches a specified price. The price at which the trade will be…
Bitcoin services provider Coinbase has added stop orders to its Coinbase Exchange product, allowing customers to buy and sell the digital currency at a previously set price. Coinbase describes the service as a way to allow users to protect profits while improving their experience with the exchange product. Since Coinbase launched the exchange in January 2015, it has put an increasing emphasis on the product, indicating in recent messaging that it is first and foremost an exchange product. In a widely circulated Medium post, CEO Brian Armstrong indicated in February his view that the perception that Coinbase was both a consumer wallet and an exchange product is creating issues for users. Armstrong wrote: “Over the next year or so, you’ll see the Coinbase…
Financial services giant USAA completed a successful test this week that found it exploring ways to add bitcoin support to its traditional financial monitoring resource. The trial saw USAA providing its members with the ability to check Coinbase balances directly from their web and mobile accounts, alongside more traditional value monitoring services that track assets such as real estate or automobile investments. Introduced in November, the project is now available to all USAA members. Speaking to CoinDesk, USAA project lead Darrius Jones indicated that users gave a ‘clear yes’ to the trial, a sign that prompted the company to move quickly in making the service available more widely to its members – many of whom, USAA has said, are bitcoin users. Jones told…
USAA is expanding its bitcoin integration by allowing all accountholders to connect and view balances on Coinbase from its USAA.com website following its November pilot program. In a post today, USAA called the pilot run successful and stated that support for the mobile app would likely be rolled out in March. Both USAA.com and the USAA mobile apps were part of the initial trial. In statements, lead investment associate at the USAA corporate development Jon Cholak, indicated his support for the more widespread rollout, positioning his firm as an early advocate for the technology. Cholak said: “Traditionally, USAA is very good about getting in front of emerging technology trends. What we’re developing is at the forefront of the financial services…
Antpool, a bitcoin mining pool owned by leading bitcoin mining hardware manufacturer Bitmain Technologies Ltd. has officially marked the start of the production of Bitcoin Classic blocks on February 16, 2016. Bitmain’s Antpool is by far the largest bitcoin mining pool in the industry, and controls over 26% of the Bitcoin network’s hashrate distribution. Hashrate is a measuring unit used to estimate the processing power of the Bitcoin network. Miners must generate an adequate level of hashrate to find blocks of transactions on the network, to secure and encrypted payments. Currently, Antpool generates 289.6 petahashes per second, with its 478,683 workers. Antpool, with 26% of Bitcoin hashpower, just mined their first classic block. Info is being desperately purged…