BLOCKCHAIN

Cryptocurrency Courses at Top Colleges, Universities is Increasing

Driven by rising awareness of cryptocurrencies and increasing demand from students, colleges and universities around the world are increasing the number of blockchain- and cryptocurrency-related courses they offer, according to the 2nd Annual Coinbase Report on Higher Education, released today.

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  • 56 percent of the world’s top 50 universities now offer at least one course on crypto or blockchain—up from 42 percent in 2018
  • Twice as many students report having taken a crypto or blockchain course than they did in 2018
  • Nearly 70 percent of crypto and blockchain classes are in departments outside of computer science, including law, the humanities, and economics
  • Cornell University tops the Coinbase 2019 Leaders in Crypto Education list
  • Original Coinbase research includes a Qriously survey of 735 U.S. students age 16 and older, a comprehensive review of courses at 50 international universities, analysis of research citations and non-coursework offerings, and interviews with professors and students
Coinbase Top 10 Leaders in Crypto Education
Nina Willdorf
Nina Willdorf

“The increasing interest in studying crypto at colleges and universities speaks volumes about the future of money,” said Nina Willdorf, Director of Content and Editorial for Coinbase.

“What’s most exciting about these findings is that they show interest far beyond computer science and programming to law, economics, finance, and social sciences. As students from a wider and wider cross-section of majors express interest in learning about the burgeoning field of cryptocurrency, some of the world’s best universities are exploring how they can meet surging demand to sate curiosity about the technology and set their graduates up for success.”

More crypto classes in 2019. Universities offering at least one cource on crypto or blockchain. 2018, 42 percent. 2019 56 percent.

Computer science classes still are the most common classes offered, accounting for 32.2 percent. But finance, business, and economics classes collectively tally 19.8 percent, and law-school classes add another 10.7 percent.

However, classes only tell part of the story of a university’s commitment to the field, so Coinbase analyzed non-coursework offerings like official research initiatives and student-run crypto clubs, and tracked blockchain-related research citations from all 50 schools, leveraging data from Google Scholar attributions.

Incorporating these supporting factors brought us to the list of 2019 Leaders in Crypto Education.

View the full report at https://blog.coinbase.com. Coinbase publishes a series of annual reports that survey the landscape of cryptocurrency awareness, adoption, and how crypto is being used around the world. Past reports include Women & Crypto and The United States of Crypto.

For more information, visit www.coinbase.com.

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ALTCOIN, BLOCKCHAIN

Coinbase to Add Eight New Cryptocurrencies

These new assets include, in alphabetical order: Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves.
The new assets include, in alphabetical order: Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves.

Coinbase is exploring the possibility of adding eight new cryptocurrencies, according to a recent press release.

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Coinbase Logo“Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws,” the company stated.

“Over time we expect our customers around the world will have access through Coinbase to at least 90% of the aggregate market cap of all digital assets in circulation.”

To make this vision a reality, Coinbase evaluates prospective assets against their Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with the company’s mission of creating an open financial system for the world.

As part of the exploratory process, customers may see public-facing APIs and other signs that Coinbase is conducting engineering work to potentially support these assets.

These new assets include, in alphabetical order: Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves.

“Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions,” said Coinbase.

“We therefore cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction.”

As per the company’s listing process, they will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations.

The omission of assets from this publication does not disqualify any asset from active review and potential listing.

“Our customers can expect Coinbase to make future, similar announcements as we continue to explore the addition of numerous assets across the platform,” said Coinbase.

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BLOCKCHAIN

Crypto Asset Manager Grayscale Selects Coinbase Custody as Custodian

Cryptocurrency asset manager Grayscale Investments will partner with Coinbase Custody to serve as Custodian for the underlying assets for each of its products.

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“Grayscale and Coinbase have led the way in providing safe, secure, trustworthy, and regulated access to digital assets. Grayscale is an established, trusted, and valuable partner to its clients and its service providers should be the same,” said Sam McIngvale, Coinbase Custody Chief Executive Officer.

“As a NY State-chartered trust company, Coinbase Custody is held to the same fiduciary standards as national banks. We also offer some of the broadest and deepest insurance coverage in the crypto industry.”

Coinbase Custody will serve as custodian for Grayscale’s single-asset investment products and their underlying assets in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN),* Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC), including the public quotations available to all individual and institutional investors: Grayscale Bitcoin Trust™ (OTCQX: GBTC), Grayscale Ethereum Trust™ (OTCQX: ETHE), and Grayscale Ethereum Classic Trust™ (OTCQX: ETCG).

Grayscale Investments LogoCoinbase Custody will also serve as custodian for Grayscale’s diversified investment product, Grayscale Digital Large Cap Fund™, which provides exposure to the top digital currencies by market capitalization and is currently comprised of Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC).

Coinbase Custody is a regulated entity and an independent, NYDFS-regulated company that offers access to a secure, audited, and insured custody solution. As a qualified custodian, Coinbase Custody is a fiduciary under NY Banking Law and is licensed to custody its clients’ digital assets in trust on their behalf.

Each of the custodian agreements establishes the rights and responsibilities of Coinbase Custody, Grayscale, and each Grayscale investment product with respect to the safekeeping of each product’s digital assets. Each agreement is for an initial term of three years with a fee based on a percentage of assets under custody. During the initial term, either party may terminate for certain events described in the agreement, and after the initial term, either party may also terminate upon ninety days’ prior written notice.

The existing agreements that provide for the safekeeping of each Grayscale investment product’s digital assets will be terminated following the conversion of the custody role to Coinbase Custody.

Coinbase Custody does not yet support Horizen (ZEN). Pending regulatory approval, the underlying assets for Grayscale Horizen Trust will be transferred as soon as is practicable. In the interim, the assets will remain with the existing security provider.

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BITCOIN, BLOCKCHAIN

Coinbase Custody Exceeds $1 Billion in Assets Under Management

Coinbase CEO Brian Armstrong has stated Coinbase Custody, the exchange’s custody service, has $1 billion in assets under management (AUM).

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Brian Armstrong

“We launched our custody 12 months ago, we’ve just crossed $1 billion AUM or institutions, 70 institutions have signed up, adding about $150 million AUM a month, so, to a large degree that has been a success,” said Armstrong.

Armstrong added participating institutions want their funds to be moving while in custody.

“They want to be staking and voting, doing governance on-chain,” Armstrong said.

“I think that will grow rapidly.”

Bitcoin is still the main asset of choice for institutions, according to Armstrong, but other cryptocurrencies are growing in popularity.

Currently, Coinbase offers 30 coins for institutions, including staking-as-a-service for some.

Union Square Ventures partner Fred Wilson, who was also on the panel with Armstrong, stated the institutions involved are not necessarily the traditional companies one might be accustomed to see, such as BlackRock.

“The token funds and venture funds will make up the first two big institutional funds,” Wilson said.

“For them to take their chips and go all in, I don’t see that in the next year or two.”

Wilson added:

“When people read in the Wall Street Journal that institutions are coming to crypto they think Goldman is coming, but in reality, maybe 100 token funds in the U.S. and 100 in Asia are all in so far.”

Coinbase Pro, a product aimed towards more advanced traders, has seen a significant increase in institutional involvement as well, according to Armstrong.

“Sixty percent of our trading volume is from institutions,” Armstrong said.

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ALTCOIN, BITCOIN, BLOCKCHAIN

Coinbase Expands Crypto-to-Crypto Trading to 53 Countries

Cryptocurrency exchange Coinbase has announced they will be expanding crypto-to-crypto conversions and trading services to 11 more countries.

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The following announcement was provided by: Linda Xie, Coinbase Pro; Dan Coffman, Consumer Trading.

One year ago, Coinbase served customers in 32 countries across two continents. Over the past 12 months, one of our main priorities has been to bring Coinbase services to people in all corners of the globe.

Today we’re excited to welcome 11 more countries across Latin America and Southeast Asia to the cryptoeconomy by allowing customers to store, trade, send, and receive cryptocurrencies on Coinbase Pro and Coinbase.com — increasing the reach to 53 countries, spread across four continents.

Direct trading between cryptos is increasingly the new norm and in the last year has overtaken traditional fiat to crypto trading across the globe.

Millions of Coinbase customers can now securely and quickly trade between different cryptos and send crypto off-platform at their convenience.

As crypto moves from the current “investment phase” into what we call the “utility phase,” a host of new use cases will present themselves.

This could take the form of decentralized versions of traditional financial services like lending or micropayments or truly novel crypto applications that no one has even thought of yet.

The ability to convert from one crypto to another will form the backbone of this new decentralized economy.

Realizing our mission of creating an open financial system for the world starts with making it as easy as possible to access crypto.

With today’s announcement, we’re happy to take an important step in that direction.

Customers in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand can now sign up on Coinbase.com and download our iOS and Android apps, or sign up for a Coinbase Pro account, to access crypto-to-crypto trading options.

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