On October 7th, ZRX, the native token of the 0x ecosystem, saw a strong uptick in investor interest, as users claimed that the asset was visible on Coinbase.com’s in-house tax calculator application in an apparent accident. This rumor, as reported by , saw the asset post a 15% gain in a matter of hours, as optimists claimed that the popular altcoin was on the verge of gaining a listing position on Coinbase, which is widely regarded as America’s foremost crypto asset exchange.
is showing up under transaction/tax reports on .
— S Taj (@suh9083)
At the time, however, this was nothing more than an unaddressed rumor, subsequently leading the Ethereum-based token down into the dumps, so to speak, in the days that followed.
But, on October 11th, after four days of silence from both the 0x and Coinbase teams, the latter organization revealed that it had formally launched the San Francisco-based startup’s platform for professional traders.
While ZRX’s addition to the aforementioned platform was undoubtedly met with success, with trading going live without any hitches, it wasn’t made clear when the asset would launch on Coinbase Consumer, better known as Coinbase.com, which is where a majority of the platform’s users are often situated.
Coinbase Finally Lists Ethereum-Based ZRX On Consumer Platform
Just recently, on Tuesday afternoon, as made clear via an made to its 1.03 million Twitter followers, the ‘unicorn’ startup has launched support for ZRX on Coinbase’s Consumer-focused platforms.
ZRX is launching at and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy and sell ZRX. We will update when ZRX is fully live.
— Coinbase (@coinbase)
Like any other asset listed on the world-renowned platform, users will be able to buy, sell, send, receive, or store ZRX, alongside any of the five other cryptocurrencies that are already supported by Coinbase.
Interestingly enough, for now, users who reside in the or the state of New York will be unable to trade this specific crypto asset, presumably because of the unknown regulatory climate around ZRX, which has yet to be directly addressed by prominent financial regulators.
Coinbase’s move to not universally introduce support for the asset, which remains in a murky regulatory zone, is in-line with the firm’s commitment to only add digital assets on a “jurisdiction-by-jurisdiction basis.” As covered in a , this is being done in an apparent bid to mitigate the risk of backlash from governmental agencies, which may be fearful of a specific crypto-related project, or this budding industry as a whole.
Still, due to the colloquially termed “Coinbase Effect,” where assets or projects that are even fleetingly mentioned by Coinbase, a now , see a notable uptick in volume, ZRX has pushed against the tide of the market, seeing a convincing move to the upside.
Per data from Poloniex, as relayed by TradingView, the Ethereum-based altcoin is up 17% in the past 24 hours and has found itself above the $0.85 price level. In spite of its position as ‘only’ the 23rd largest crypto asset by market capitalization, volume backing the asset has already surpassed the amount of volume seen on IOTA, Binance Coin (BNB) and , while nearing Stellar Lumens (XLM).
Coupled with the news of 0x’s addition, Dan Romero, the vice president and general manager of Coinbase Consumer, also added that the startup is continuing to invest in new tools that will help investors “understand and explore cryptocurrencies.”
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There’s a really interesting piece of art down in Wall Street that has captured the people’s attention for some time now. It’s a rat, and a really huge one for that matter.
Nelson Saiers And The Rat
This new phenomenon sits across the street right opposite the Federal Reserve building. However, it’s not the giant white inflatable rat that’s been stirring up Wall Street, but rather what it actually represents. The man responsible for the huge rat’s existence on America’s most popular street is one Nelson Saiers. Nelson spent the better part of his life as a hedge fund manager in Wall Street until he stopped trading in 2014. Since then, Nelson has dedicated his time to revealing the ills of the traditional financial system that he believes is way too broken to survive in the long run.
To better put his point across, this man has opted to use art. In fact, he’s not alone in this line of thinking. There have been numerous cases of people using art to speak to the public about the broken system. Often, they leave spectacular pieces of art or paintings on buildings all across cities. Such art has been spotted in a number of the world’s most popular cities – including France’s Paris.
The Federal Reserve Vs bitcoin
In precise terms, the huge inflatable sewer rat bearing down on the US Federal Reserve building has its body covered with art depicting bitcoin code, a spectacle that symbolizes Nelson’s perception of a as opposed to the mainstream centralized system. In his view, a decentralized crypto ecosystem would do much better than the current system that operates under the tight grip of the authorities.
Indeed, the last two decades have seen various artists come out to use their talents to depict the apparent financial inequalities in the current system. One of the most prominent artists in this school of thought is Banksy. In Banksy’s opinion, a rat is a symbol of resilience and freedom, saying that rats exist without permission and have zero attachment to conservative societal standards. Back in 2016, Andreas Antonopoulous referred to bitcoin as the “sewer rat of currencies.” Andreas is computer scientist. He went on to give the imagery of an injured but dynamic and robust financial system represented by the sewer rat.
Nicknamed “The Warhol of Wall Street,” Nelson’s ambition doesn’t start or end with the giant white inflatable sewer rat bearing down on the Federal Reserve building. This isn’t his first such project. In fact, he plans to remove the rat once its point is home. With such things happening, bitcoin seems to be gaining more traction in terms of as the valid alternative to the restrictive traditional financial system. Could such acts cause a bitcoin bull run?
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Hello everyone! In the past few weeks we have shared plenty of achievements with you on academic paper publishing, event sharing, smart…
Hi, why not post new news and activities? Is this project dead?
