Coinbase Archives - Page 18 of 19

Alumni News– July 30, 2014

By Julie Muhn (@julieschicktanz) Posted on July 30, 2014
Categories: ACI Worldwide, Blackhawk Network, Boku, Coinbase, Credit Karma, Financial Guard, FIS, i-exceed, Insuritas, Simple, The Currency Cloud, ThreatMetrix, Vermilian

ThreatMetrix granted patent for its ability to differentiate between trusted customers and cybercriminals

Australia-based Vermilian acquired by banking technology firm Ultradata.

i-exceed launches its new website.

Boku brings its direct carrier billing-based mobile payments technology to India.

Mangopay teams up with Currency Cloud to provide international money transfer services to its customers.

Shivalik Mercantile Cooperative Bank to deploy “bank in a box” from FIS.

Blackhawk Network teams with Amazon to enable customers to manage and spend their gift cards in the new Amazon Wallet app.

Financial Guard to provide clients with both passive and active investing options.

Happy second birthday to Simple.

Insuritas wins 2014 NAFCU Services Corporation (NSC) Innovation Award that highlights groundbreaking solutions for credit unions.

TechCrunch: Credit Karma offering free, weekly credit reports – no strings attached.

Franklin University chooses ACI Worldwide for online payment processing.

Wikipedia Foundation partners with Coinbase to allow bitcoin donations.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– July 25, 2014

By David Penn Posted on July 25, 2014
Categories: Actiance, BillGuard, Cartera Commerce, Coinbase, DemystData, eToro, FutureAdvisor, Holvi, Jemstep, Kabbage, LendingTree, Malauzai Software, MoneyDesktop, Monitise, Personal Capital, SecondMarket, Wealthfront, Zooz

Fox Business News features Kabbage’s small business lending process.

Huffington Post describes how DemystData’s big data analytics help evaluate creditworthiness.

Cartera Commerce’s CFO Karen Cambray named a finalist in Boston Business Journal’s 2014 CFO of the Year Awards.

Bloomberg: BillGuard programmers code in bomb shelters.

Coinbase launches Coinbase Vault to Better Secure Your Bitcoins.

MoneyDesktop appoints Brandon Dewitt as its first ever CTO.

SecondMarket CEO Barry Silbert stepping down in order to refocus his attention solely on bitcoin.

InvestmentNews features roboadvisors Jemstep, FutureAdvisor, Wealthfront, and Personal Capital.

The Irish Times looks at Holvi’s move into Ireland.

CMS Wire: Actiance wants to help companies curb social media mistakes.

Karen Webster of Market Platform Dynamics interviews Zooz CEO Oren Levy.

eToro announces new version of OpenBook for iOS.

Mobile Entertainment talks with Adam Levene, SVP of Strategy at Monitise Create.

LendingTree launches personalization platform.

Pymnts takes a look at the partnership between Malauzai Software and Trusteer. See Malauzai at FinovateFall in September.

Fortune.com interviews Bill Siegel, interim CEO of SecondMarket.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Coinbase Launches Coinbase Vault to Better Secure Your Bitcoins

By David Penn Posted on July 24, 2014
Categories: Coinbase

If you follow digital currency news, it’s likely you remember the crumbling of Bitcoin exchange Mt. Gox in February. The site went bankrupt when 850,000 Bitcoins (then worth around $450 million) were stolen from users’ accounts.

Coinbase today launched a new product, Coinbase Vault, that aims to keep it from sharing Mt Gox’s fate by keeping a portion of users’ bitcoin safe from hackers and unauthorized withdrawals.

The free new account has three features that contribute to increased security:

Time-delayed withdrawals
There is a 48-hour waiting period before withdrawals are transferred from the Vault account. During the waiting period, the transaction can be cancelled at any time.

Multiple approvers
For joint accounts, approval from multiple parties is required in order to begin the withdrawal.

Offline storage
97% of bitcoin is held offline in safe deposit boxes.

Coinbase showcased Instant Exchange at FinovateSpring 2014. You can check out the demo video here.

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Alumni News– July 16, 2014

By David Penn Posted on July 16, 2014
Categories: Coinbase, Dwolla, Jack Henry, Lendio, MasterCard, mBank, Micronotes, peerTransfer, Xero, Zooz

peerTransfer and Nelnet expand partnership, enhancing international payment options for educational institutions.

Xero MD Chris Ridd featured on Qantas radio. Check out Xero at FinDEVr, the first event for fintech developers.

Micronotes releases Mobile-SMS to automate the referral process through the mobile SMS channel to drive more sales.

Lendio launches program for brokers that helps more SMBs find financing by giving brokers and ISOs access to Lendio’s lending options.

New app from The Members Group alerts Google Glass wearers if a Dwolla-accepting merchant is nearby.

mBank deploys authentication technology from HID Global.

Jack Henry launches jhaEnterprise Workflow solution.

Coinbase integration brings bitcoin payments to Shopify merchants.

Zooz raises $12 million in round led by Blumberg Capital.

MasterCard’s MasterPass to enable in-app payments by August.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Coinbase Integration Brings Bitcoin Payments to Shopify Merchants

By Julie Muhn (@julieschicktanz) Posted on July 15, 2014
Categories: Coinbase, Intuit

If you’re a merchant on the Shopify e-commerce platform with a hankering to join the cryptocurrency revolution, then Coinbase has some very good news for you.

Thanks to a new integration of Coinbase’s technology, the more than 100,000 merchants that rely on Shopify to do business online will be able to start accepting payment in bitcoin as early as Tuesday.

The process involves setting up a Coinbase account, initiating the integration on Shopify, providing account credentials, and that’s it. Already on board are merchants such as Leap Motion, Soylent, and iOgrapher.

Coinbase is a bitcoin payment processing and digital wallet platform that makes bitcoin transactions easier and safer. The company holds more than one million consumer wallets, and enables more than 28,000 merchants to accept payment in bitcoin. There are no fees charged for the first $1,000,000 in transactions, with merchants paying a 1% exchange fee beyond that amount. Coinbase’s most recent innovation, demoed at FinovateSpring in San Jose this year, is called Instant Exchange and helps remove exchange rate risk from bitcoin transactions.

Coinbase has had a busy first half of 2014. The company’s technology was integrated with Intuit’s PayByCoin in June. And Coinbase earned a spot on CNBC’s Disruptor 50 list shortly after announcing its acquisition of Kippt in May.

Founded in 2012 and headquartered in San Francisco, Coinbase was co-founded by Brian Armstrong (CEO) and Fred Ehrsam (President).

Developers! Curious how Coinbase makes it easy for merchants to add bitcoin payment functionality to their businesses and apps? Learn more about Coinbase’s Bitcoin API here. And be sure to check out our FinDEVr page for updates on the first event for fintech developers.

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Alumni News– June 27, 2014

By Julie Muhn (@julieschicktanz) Posted on June 27, 2014
Categories: Acculynk, Coinbase, Matchi, MiiCard, RevolutionCredit, SeedInvest, Trustly

Matchi announces signing sponsorship agreement with Standard Bank Group.

Intuit’s PayByCoin integrates Quickbooks Online with Coinbase to allow merchants to accept bitcoin.

RevolutionCredit is among six startups presenting at the 2014 FinTech Innovation Lab in New York.

Trustly partners with PayPal to facilitate direct payments for online bank customers in Sweden and Denmark.

Acculynk joins with Navicure to offer payment platform for healthcare providers.

500 Startups teams up with SeedInvest to raise money for $100 million Fund III.

A review of digital ID technology by the Economist includes a nod toward miiCard.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– June 18, 2014

By David Penn Posted on June 18, 2014
Categories: Betterment, Bill.com, Check, Coinbase, FIS, Flint Mobile, Kony Solutions, Lending Club, Motif Investing, Personal Capital, ThreatMetrix, TransferWise, Wealthfront

ThreatMetrix integrates with Ping Identity’s PingFederate ID bridge to provide contextual employee authentication.

Kony brings in $50 Million in Financing Led by SoftBank Capital.

Flint integrates with QuickBooks Online.

Eight Finovate alums earn spots on CNBC’s Disruptor 50 list: Motif Investing, TransferWise, Personal Capital, Wealthfront, Lending Club, Coinbase, Bill.com, and Betterment.

Umpqua Bank announces plans to transition to a scalable core solution from FIS.

Intuit completes acquisition of Check.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Eight Alums Earn Spots on CNBC’s Disruptor 50

By Julie Muhn (@julieschicktanz) Posted on June 17, 2014
Categories: Betterment, Bill.com, Boku, CircleUp, Coinbase, Lending Club, Motif Investing, Personal Capital, TransferWise, Wealthfront

Hats off to eight Finovate alumni for winning spots on CNBC’s Disruptor 50.

2014 marks the second year of CNBC’s Disruptor 50 list. The selection credits companies for being “forward-thinking” and working to discover untapped markets en route to becoming “billion-dollar businesses.” Read more about CNBC’s selection methodology here.

CNBC’s David Spiegel wrote:

“All of these companies entered traditional sectors and turned them upside down … It’s the power of a company to displace the established incumbents in its own industry, prompting a ripple effect throughout its economic ecosystem.”

See CNBCs inaugural Disruptor 50 here. The 2013 list included alums boku, CircleUp, Lending Club, and Wealthfront.

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Alumni News– June 11, 2014

By David Penn Posted on June 11, 2014
Categories: BizEquity, Coinbase, Market IQ, Monitise, The Currency Cloud, TipRanks

American Banker looks at how BizEquity helps banks lend to small businesses.

Coinbase and Expedia.com partner to accept bitcoin for hotel payments.

Bank Innovation features TipRanks as 1 of 4 Israeli fintech companies tackling security and data issues.

The Currency Cloud Passes $5 Billion in International Payments Enabled in Two Years.

Market IQ wins spot in Barclays Escalator, a new, 15-week accelerator programme.

Monitise announces North American debut of Monitise Create, a mobile suite of innovation, design, and development services.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Coinbase’s Acquisition of Kippt to Bring Usability to Bitcoin

By David Penn Posted on May 8, 2014
Categories: Coinbase

The news that bitcoin exchange Coinbase has acquired startup Kippt is one of the more positive stories to come out of the bitcoin community in recent weeks.

In an amount-undisclosed deal that consisted of stock and cash (but sadly, no bitcoin that we know of), Coinbase will be acquiring a company with which it already has a significant relationship. Members of the Kippt team reportedly have been working on branding for Coinbase, as well as developing a Coinbase app gallery.

Kippt’s reputation was built on its social bookmarking and messaging products. Both services will remain available, though there will be changes (such as the end of the paid Kippt Pro plan). Coinbase hopes to leverage the talent of Kippt to create a bitcoin that is friendlier to merchants and consumers alike.

In a blog post announcing the acquisition, Kippt co-founders Jori Lallo and Karri Saarinen wrote: “For the first time, designers and developers like us can now re-imagine the way financial transactions and products are designed and built.”

Fun fact: Coinbase and Kippt are members of the same 2012 Y Combinator class.

Founded in July 2012 and headquartered in San Francisco, California, Coinbase holds more than 1 million consumer wallets and enables bitcoin transactions for 28,000 merchants. The company specializes in removing exchange-rate risk from bitcoin transactions. This further reduces a source of friction for merchants and consumers using the virtual currency.

Coinbase is a recent Finovate alum, having debuted on the Finovate stage during the Spring show in San Jose last month. Video of the company’s demo will be available soon.

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Finovate Alumni News– May 8, 2014

By Julie Muhn (@julieschicktanz) Posted on May 8, 2014
Categories: Andera, Boku, Cachet Financial Solutions, Coinbase, MasterCard, Motif Investing, ProfitStars, RevolutionCredit

Boku partners with Deutsche Telekom to power the MNO’s payments offerings, provide it with a mobile app, and give customers the ability to pay for digital goods and services simply using their existing mobile phone account.

ProfitStars named among the 2014 Best Places to Work in Kentucky.

American Banker: Andera Acquisition to Bolster Bottomline’s Digital Banking Business.

Cachet Financial Solutions files initial registration statement with the SEC looking to raise $20 million through a public stock offering.

MasterCard Accelerator for European startups announces May 16 deadline.

Motif Investing raises $35 million in move toward wealth management market.

RevolutionCredit announces $10 million investment from Accion Venture Labs.

Coinbase’s acquisition of Kippt to bring usability to bitcoin.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Coinbase Debuts Instant Exchange to Remove Volatility Risk for Merchants Accepting Bitcoin

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: Coinbase, FinovateSpring 2014

This post is part of our live coverage of FinovateSpring 2014.

Next, Coinbase demonstrated how its Instant-Exchange feature removes the exchange rate risk for merchants accepting Bitcoin:

“Our instant-exchange feature offers bitcoin payments to merchants with zero exchange rate risk. As a merchant receives bitcoin payments throughout the day, they can instantly sell these bitcoins to Coinbase at a market exchange rate that was locked-in at the time of the customer’s purchase.

At the end of each day, Coinbase will clear the USD sum total of all sales via ACH transfer. The merchant is therefore not exposed to bitcoin exchange rate volatility and will receive a dollar value, less our 1% exchange fee, that corresponds to the USD sale price of items purchased by bitcoin-paying customers.”

Presenting: Roger Gu (Bus. Dev. Manager) and Nahid Samsami (Bus. Dev. Manager)

Product Launch: February 2014

Metrics: Coinbase holds 1.1 million consumer wallets and enables 28,000 merchants to accept bitcoin payments. The company is funded by Andreessen Horowitz, Union Square Ventures, and Y Combinator.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through partnerships

HQ: San Francisco, CA

Founded: July 2012

Website: coinbase.com

Twitter: @coinbase

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