Six people are going up against the Treasury Department. Two stories that seem to be different. One very scary example. It all has to do with privacy.
In this edition of CryptoSlate Wrapped Daily, Voyager receives bids from 22 parties interested in purchasing its assets, Algorand upgrades its network mainnet to increase transaction capacity, and much more.
According to a class action lawsuit filed in a Georgia court, the cryptocurrency exchange failed to protect consumers' accounts against theft and hacks, and it is suing for up to $5 million in damages.
For those who have only a casual interest in cryptocurrency or those who are just learning about it, the price may be worth it in exchange for the convenience of trading in a fiat currency and using a highly intuitive interface. It’s easy to minimize fees using the Coinbase network. It just takes a bit of know-how.
Why Are Coinbase Fees So High? I’ll give the top three reasons off the bat: 1) People new to crypto don’t know any better and/or don’t notice 2) People love their awesome mobile/desktop user interface (UI) 3) People feel safer with Coinbase because it’s a regulated, publicly-traded company in the US
Coinbase offers support for proof of stake, but as of February 2020 you will need to hold a specific currency on the network, Tezos (XTZ). If you choose to stake your currency, then Coinbase will take a 25 percent commission on any earnings you make with the cryptocurrency.
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