Coinbase finished “the greatest transfer of crypto-currency” successfully
Home News Coinbase finished “the greatest transfer of crypto-currency” successfully
Marcel Knobloch –
Coinbase is the largest cryptocurrency exchange in the United States, in addition to the actual day to day business, always innovative in the Development of their own infrastructure and technical resources. A few days ago, Coinbase has moved large amounts of Bitcoin, Etheereum and Litecoin on a Cold Wallet.
Coinbase transferred digital currencies worth more than 5 billion dollars to successfully. According to own statements of the company for more than 5 per cent of BTC, 8% of all ETH, and 25 per cent of all in circulation, LTC have been moved successfully to a Cold Wallet. Safety is Coinbase in the first place (freely translated):
Our most important responsibility is the safety of the assets entrusted to us by our customers. The gold standard for the security of crypto-currency resource is in the Offline or “Cold-Asset-Storage”. Coinbase stores 98% or more of our customers in our Cold-Asset Storage
Coinbase continues to work to make that System as safe as possible and not to erzteilen hackers direct a rebuff, so they attempt to crack the systems of the company. Coinbase has introduced the Cold-Storage System of the fourth Generation, that “strictly controlled key generation processes” and a “globally distributed” System to Store private Keys used. The goal is to provide the highest possible security on the market and simple but very secure Storage functionality for all asset classes (freely translated):
We can save any crypto-currency on the same System, without compromising the security of the individual crypto-currency level.
In insider circles, was heatedly discusses the fact that Coinbase could prepare for a big Sell-Off. Already several months long, this big move was planned. However, in order not to panic on the market, Coinbase indicated with a short but understandable Tweet that the process is carried out quickly. This step represents a further reach milestone for Coinbase, a number of new Features were implemented in the last few months. The introduction of the OTC Trading Desks are an example, as well as the Integration of new ERC20-Token on Coinbase Pro. Furthermore, credit to a PayPal account.