Heavyweight Champ Francis Ngannou Plans to ‘Take Half of His UFC 270 Purse Paid in Bitcoin’

Heavyweight Champ Francis Ngannou Plans to 'Take Half of His UFC 270 Purse Paid in Bitcoin'The reigning UFC Heavyweight Champion Francis Ngannou has announced the mixed martial artist has partnered with the payments firm Cash App and plans to take half of his UFC 270 purse in bitcoin. Ngannou told his 620,100 Twitter followers that he believes “bitcoin can empower people everywhere.” ‘Bitcoin Is the Future and I’m a Believer’ […]
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Update to asset listing announcements

One of the most common requests we receive from customers is to be able to trade more assets on our platform. As we continue to add assets to our exchange and platforms we have decided that we will no longer post individual blog posts and will only use Twitter to announce new asset listings.

Please make sure to follow @CoinbaseAssets for new asset announcements for Coinbase.com, iOS and Android apps, as well as Advanced Trading, Coinbase Pro, Coinbase Prime, Coinbase Custody and any new geo-fencing restrictions that may be lifted.

Please also make sure to follow @CoinbaseExch for new asset announcements for Coinbase Exchange and to be alerted as order books will launch in phases, auction mode then limit-only or full trading mode. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.

To see a list of supported assets on Coinbase check out our new Asset Directory.


Please note: Coinbase Ventures may be an investor in the crypto projects we offer, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investment or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

All images provided herein are by Coinbase.


Update to asset listing announcements was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Coinbase and Mastercard partner to revolutionize NFT purchase experience

By Prakash Hariramani, Senior Director, Product

Our mission at Coinbase is to increase economic freedom in the world. By enabling more people to join the creator economy and profit from their work, NFTs (Non-Fungible Tokens) have an important role to play in this mission. However, the experience of purchasing an NFT remains complex for many users.

Coinbase wants to simplify the user experience to allow more people to join the NFTs community. Just as we helped millions of people access Bitcoin for the first time in an easy and trusted way, we want to do the same for NFTs.

That’s why we’re working with Mastercard to classify NFTs as “digital goods”, allowing a broader group of consumers to purchase NFTs. And, coming soon we’ll “unlock” a new way to pay using Mastercard cards.

Coinbase recently announced Coinbase NFT, a peer-to-peer marketplace that will make minting, purchasing, showcasing, and discovering NFTs easier. Thanks to our work with Mastercard, we’ll be able to provide a better customer experience on Coinbase NFT, and plan on working to find ways to bring this opportunity to the broader ecosystem through Mastercard’s scale and global network.

We applaud Mastercard’s leadership on this issue to make it as easy as possible to buy an NFT and make sure it’s the best consumer experience. The NFT revolution is just beginning.

To learn more, please visit Mastercard’s Newsroom for a blog post and Q&A on our NFT strategy.

Coinbase and Mastercard partner to revolutionize NFT purchase experience was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Microsoft’s massive Metaverse move: Buying Activision for $69B

Following the Activision Blizzard acquisition announcement, Microsoft CEO and chairman Satya Nadella stated that gaming “will play a key role in the development of metaverse platforms.”

Microsoft Crop. is acquiring gaming giant Activision Blizzard Inc. for $69 billion as part of a move to ramp up its gaming and Metaverse plans.

Activision Blizzard is home to a long list of iconic gaming franchises such as Call of Duty, Overwatch, Candy Crush, World of Warcraft and Tony Hawk’s Pro-Skater. Following the deal, its games are set to be added to Microsoft Xbox’s Game Pass service that has 25 million subscribers.

According to a Jan. 18 announcement from Microsoft, the firm will acquire Activision Blizzard for $95.00 per share at a valuation of $68.7 billion. The deal is set to close in the 2023 fiscal year, and it will see Microsoft become the third largest gaming company in terms of revenue behind Riot Games owner Tencent and Playstation developer Sony.

Microsoft outlined that the acquisition will support the growth of its services across mobile, PC, console and cloud gaming, and also notably stated that it will “provide building blocks for the Metaverse.” Microsoft CEO and chairman Satya Nadella said:

“Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms.”

As part of the acquisition, Microsoft stated that Activision Blizzard CEO Bobby Kotick will remain at the helm until the deal closes, with the reins then being handed over to Microsoft Gaming CEO Phil Spencer.

Spencer welcomed the deal via an Xbox blog post and emphasized the company is working to make cloud gaming accessible on as many devices as possible. He didn’t mention the Metaverse or NFTs however, sectors that have seen a backlash from some sections of the gaming community.

“The fantastic franchises across Activision Blizzard will also accelerate our plans for Cloud Gaming, allowing more people in more places around the world to participate in the Xbox community using phones, tablets, laptops and other devices you already own,” Spencer wrote.

In November, Nadella first unveiled Microsoft’s Metaverse plans via an upgrade to its “Teams” service and a product called “Dynamics 365 Connected Spaces.” The “Mesh” upgrade for Teams is set to introduce personalized digital avatars and immersive spaces to meet in the Metaverse later this year.

Nadella also stated at the time that people can “absolutely expect” to see Microsoft integrate Metaverse features with the Xbox gaming consoles, but didn’t divulge any concrete plans or specific details.

Related: NFT-focused Animoca Brands valued at $5B following $358M raise

It is unclear if Microsoft’s Metaverse play for Xbox will include the introduction of NFTs, with Spencer  stating in November that he felt the experimentation happening in NFTs was more “exploitative than about entertainment.”

Spencer noted that if the Xbox Store were to support NFTs, the company would actively weed out any nefarious behavior or content.

The Wall Street Journal reported last week that 100 employees from Microsoft’s augmented reality team have left the company over the past year to join metaverse competitor Meta (Facebook).

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Georgian citizens made to swear an oath to stop mining crypto

A holy oath was taken to try to ensure the region’s power grid would work at its most efficient level, as crypto miners are blamed for drawing off too much juice.

Residents of Svaneti, Georgia, have reportedly been made to pledge a holy oath they will not mine cryptocurrency in order to deal with energy shortages blamed on Bitcoin mining.

The economy of the northwest Svaneti region of Georgia depends on tourism spending, which rose every year from 2000 to 2019 according to Macrotrends. As a result of the Covid-19 pandemic, however, tourism plummeted in 2020 and has only recently begun to return to pre-Covid levels of growth.

To make do, hundreds of residents turned to mining crypto which has been blamed for severely disrupting the electrical supply.

A video cited by local media outlet Sputnik Georgia show miners crowding a church on Dec. 30 2021 to pledge a holy oath to St. George that they would not mine cryptocurrency. Such pledges are traditionally seen as unbreakable bonds.

Crypto mining has become a controversial topic, with residents staging protests in the Svaneti town of Mestia and the electric company that provides them with power, Energo Pro, threatening to increase electricity tariffs.

Svaneti is a mountainous region of Georgia which currently enjoys free electricity in some parts, which makes mining more attractive.

This situation is becoming increasingly common around the world. Bitcoin miners have flocked to countries with cheap energy to the chagrin of local residents. In the cases of Kosovo and Kazakhstan, governments have banned crypto mining in order to preserve the gr.

The municipality of Mestia issued a statement at the end of 2021 explaining the extent to which crypto mining has disrupted the local energy supply. It said, “In comparison with earlier years, consumption has grown by 237% this year.”

Energy company Energo Pro called the vast increase in consumption “unsustainable.” On Jan. 5, the company stated to local media that the region was consuming 27 megawatts, nearly four times the amount of power the infrastructure was designed to handle.

Related: Bitcoin miners’ resilience to geopolitics — A healthy sign for the network

Kosovo in southern Europe recently banned crypto mining due to a dangerous winter supply drain. The Kosovar government seized 300 mining rigs on Jan. 10, forcing mining operations to sell their rigs or move to nearby countries.

Kazakhstan was the second most active country for Bitcoin mining but effectively pulled the plug on miners amid political protests in the first week of this year. An internet blackout in the central Asian country led to a 13.4% decrease in hash power across the Bitcoin network.

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