Coinbase, the American cryptocurrency exchange has confirmed that users can now earn EOS, the fifth largest cryptocurrency by market cap by simply watching content on the exchange’s Coinbase Earn platform.
The same was attested by Tim Wagner, Coinbase’s VP of Engineering and Balaji Srinivasan, the founder of Earn.com who recently vacated his position as the exchange’s CTO at the Block.one event on June 1 held in Washington D.C. Srinivasan charts the journey of acquiring cryptocurrency, first through mining, then by means of purchase and now by earning digital assets.
“We think a large number of people will obtain crypto not by buying it or mining, but by earning it…Unlike mining or buying, there isn’t a technical barrier of financial barrier that you should be able to earn if you’re a human.”
The Coinbase duo announced the integration of EOS to their Earn platform allowing users to earn up to $10 worth of the cryptocurrency by watching videos related to EOSIO and other tenants of the decentralized currency world. Coinbase Earn was introduced in 2018 spearheaded by Srinivasan, the founder of Earn.com.
EOS is now the fifth cryptocurrency that users can earn via Coinbase earn. The other digital assets on offer are Stellar Lumens [XLM], Zcash [ZEC], Basic Attention Token [BAT], and Tezos [ZRX].
The “lessons,” as Srinivasan put it, included an introduction into the EOSIO blockchain protocol, a tutorial on Delegated Proof of Stake [DPoS] and the advantages of developing on the EOSIO blockchain. The primary motive behind the educating platform is to inform the “retail customers,” about the various protocols and complexities within the blockchain technology ecosystem.
Wagner further added that EOS will also be integrated into Coinbase Custody in the “coming weeks.”
The EOS and Coinbase partnership bloomed over the past month since the cryptocurrency was added on to Coinbase Pro in April and was integrated on their retail site and official application in the previous week.
Since the integration of the retail addition surfaced, EOS overtook Litecoin [LTC] to take the 5th spot on the ladder, however, the correction has dipped the coin’s price by over 9 percent at press time.
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Bitcoin falls by over 5% in an hour as major correction ensues; altcoins follow suit
Bitcoin [BTC], the largest cryptocurrency in the world, revisited its glorious highs over the past few weeks. However, it would seem that Bitcoin is falling back to earth since the coin was falling by 5.88% in an hour, at press time.
The coin while falling by 5.88% over the hour, was being traded at $12,251 on Bitstamp exchange. The market cap of the coin was reported to be $224 billion and the 24-hour trading volume was $41.813 billion. Over the past 24 hours, BTC fell by 9.55%, while noting a growth of 35.78% over the week.
The Bitcoin community was rooting for the coin to cross $14k and after the strong bullish momentum showcased by the coin, the target was not a far fetched one. However, the crash suddenly pulled its price below $13k. Twitter user, @aquinastheory, explained the trend,
“First MA/EMA cross to the downside since June 2nd and the time before May 4th. Either new distribution/accumulation is gonna occur here within the next few days, weeks or we’re going down for sure. #bitcoin $btc #crypto #forexsignals”
The coin was highly traded on Binance with BTC/USDT pair, reporting a trading volume of $1.881 billion. BW.com followed Binance, noting a volume of $1.686 billion with BTC/USDT pair. The third place was taken by Huobi Global with BTC/USDT pair, with the volume reported to be $1.578 billion.
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