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More crypto rewards¹, no more transaction fees²

By Muneeb Imtiaz, Senior Product Manager

At Coinbase, we’re reimagining the crypto spending and earning experience by building products that are safe, trusted, and easy-to-use. That’s why we’re enhancing Coinbase Card to give customers more flexibility than ever. Through Coinbase Card’s upcoming rotating rewards structure, customers will be able to earn a wider variety of crypto rewards to diversify their crypto portfolio. We’re also removing the transaction fee for all crypto spending and allowing customers to get paid into Coinbase with no fees on deposits so they can easily fund their card in any currency³. With millions of transactions to date, we plan to remove the waitlist later this spring to allow all US* customers to sign up for Coinbase Card.

Rotating rewards

Customers love earning crypto rewards, and tell us that Coinbase Card encourages them to explore and learn more about different cryptocurrencies. Soon, customers will have the opportunity to easily earn new assets from a rotating list of crypto rewards just by swiping their card. With the rotating rewards structure, customers will continue to earn up to 4% back on every purchase with up-and-coming crypto assets like The Graph (GRT) or popular assets such as Bitcoin (BTC)⁴. Rewards will have an expiration date. If a customer doesn’t select a reward when the next rotation is launched, we’ll automatically give them the reward with the highest crypto-back rate so they can diversify their earnings.

No more fees

Customers love the ability to conveniently spend crypto. While most customers spend USDC, they tell us that the crypto spending fees on non-USDC assets are a barrier to using crypto for everyday purchases. That’s why we’re removing the transaction fee for crypto spending on the Coinbase Card, starting today⁵. By removing this fee, customers now have more flexibility to spend crypto or cash.

Easy funding

As customers spend more, we want to make it easier for them to fund purchases for their card. We’re now giving customers more options to easily load up their card, so they can get some or all of their paycheck deposited into Coinbase with no fees on direct deposits. This means that customers can now receive their paycheck in fiat or crypto and spend crypto without fees, moving more of their financial life into the cryptoeconomy.

Unlimited rewards⁶

Customers can continue to earn unlimited crypto rewards and use their Coinbase Card anywhere Visa® debit cards are accepted. From earning rewards on morning coffee to monthly gym memberships, Coinbase Card continues to be a richly rewarding experience for everyday spending.

With no credit check⁷ or requirement to stake your assets to become eligible, we’re making it easy to sign up and start earning crypto rewards. Join the waitlist for Coinbase Card and we’ll notify you as soon as you’re next in line.

*Coinbase Card will be available to all eligible customers in the US, excluding Hawaii.

¹ Crypto rewards is an optional Coinbase offer.

²No Coinbase transaction fees but a spread applies when customers buy, sell, or trade crypto assets.

³ If you choose to be paid in crypto, Coinbase will automatically convert your paycheck from US dollars to crypto with no transaction fees. See terms.

⁴ Reward options may vary. Check your app for the most updated rewards.

⁵ While this feature is free, other fees may be associated with the card. See Cardholder Agreement for details.

⁶ Spending limits apply, see terms.

⁷ Important information for opening a Card account: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires all financial institutions and their third parties to obtain, verify, and record information that identifies each person who opens a Card account. What this means for you: When you open a Card account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Rewards are for illustrative purposes only, actual reward options may vary.

The Coinbase Card is issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. The Coinbase Card is powered by Marqeta. You may use Coinbase Card to make purchases anywhere Visa Debit cards are accepted.

More than 30,000 crypto enthusiasts flocked to Miami for industry’s flagship annual conference

Bitcoin 2022 in Miami was a rousing success as expected, with tens of thousands of crypto enthusiasts and industry luminaries descending on the city for the annual event, and Foresight Ventures was there for every thrilling moment as an event sponsor.

Foresight Ventures had a number of goals it set out to achieve during the conference, including forming new partnerships and playing a part in guiding the next generation of Web3 companies toward success. These goals were all met and exceeded, and the firm has advanced a number of its biggest priorities around finding the next major Web3 disruptors.

Foresight Ventures sponsored one of the conference’s most highly anticipated events, Nolcha Shows: NFT Edition, powered by Tron DAO, a one-of-a-kind event featuring extraordinary and diverse artwork presented through creative programming, engaging activities, and captivating entertainment.

Nolcha Shows featured a dizzying array of NFT art, large-scale sculptures, photography, and paintings by artists including Beeple, Yiying Lu, Zevi G, Kfir Moyal, Mateus, Jason Skeldon, Lawrence Leyderman and more. The event also featured a number of launches and NFT marketplaces, including Courtyard, BitKeep, ChainGuardians, and APENFT. During the show, Foresight hosted an investor meetup with Illust Space, Zebec Protocol, Yield App,Bitget, and many others.

Foresight Ventures also sponsored the Grand Ballroom Seatdrop, through which it built partnerships with some of the top Bitcoin projects poised to deliver some of the industry’s most in-depth research reports over the next quarter. The firm connected with Yale Blockchain’s incubator lead and will be running a hackathon with a group of Yale based startups to empower the student developer community.

Last but not least, Foresight Ventures participated in Cheetah Mining’s investor mixer, helping host more than 100 crypto investors across Bitcoin, Layer2, NFT and Metaverse, etc

The massive annual expo is attended by some of the industry’s biggest names, and each day packed with speakers, meetups, and deep-dives gives way to a series of after-parties that continue the celebration late into the night. It was a whirlwind of an event, but Foresight Ventures made some meaningful inroads with industry peers and will have even more partnerships and event sponsorships to announce in the near future.

More than 30,000 crypto enthusiasts flocked to Miami for industry’s flagship annual conference

Bitcoin 2022 in Miami was a rousing success as expected, with tens of thousands of crypto enthusiasts and industry luminaries descending on the city for the annual event, and Foresight Ventures was there for every thrilling moment as an event sponsor.

Foresight Ventures had a number of goals it set out to achieve during the conference, including forming new partnerships and playing a part in guiding the next generation of Web3 companies toward success. These goals were all met and exceeded, and the firm has advanced a number of its biggest priorities around finding the next major Web3 disruptors.

Foresight Ventures sponsored one of the conference’s most highly anticipated events, Nolcha Shows: NFT Edition, powered by Tron DAO, a one-of-a-kind event featuring extraordinary and diverse artwork presented through creative programming, engaging activities, and captivating entertainment.

Nolcha Shows featured a dizzying array of NFT art, large-scale sculptures, photography, and paintings by artists including Beeple, Yiying Lu, Zevi G, Kfir Moyal, Mateus, Jason Skeldon, Lawrence Leyderman and more. The event also featured a number of launches and NFT marketplaces, including Courtyard, BitKeep, ChainGuardians, and APENFT. During the show, Foresight hosted an investor meetup with Illust Space, Zebec Protocol, Yield App,Bitget, and many others.

Foresight Ventures also sponsored the Grand Ballroom Seatdrop, through which it built partnerships with some of the top Bitcoin projects poised to deliver some of the industry’s most in-depth research reports over the next quarter. The firm connected with Yale Blockchain’s incubator lead and will be running a hackathon with a group of Yale based startups to empower the student developer community.

Last but not least, Foresight Ventures participated in Cheetah Mining’s investor mixer, helping host more than 100 crypto investors across Bitcoin, Layer2, NFT and Metaverse, etc

The massive annual expo is attended by some of the industry’s biggest names, and each day packed with speakers, meetups, and deep-dives gives way to a series of after-parties that continue the celebration late into the night. It was a whirlwind of an event, but Foresight Ventures made some meaningful inroads with industry peers and will have even more partnerships and event sponsorships to announce in the near future.

Router Protocol, an infrastructure layer enabling communication between blockchains, today announced it has added Optimism and Arbitrum to its platform.

The community can now transfer funds and swap assets across networks with the largest TVL in cross-chain bridges (Fantom, Polygon, Avalanche C-chain, and Arbutrum), in addition to Ethereum, Optimism, and Binance Smart Chain.

These new integrations offer users access to enhanced interoperability features such as:

• Any token to any token swap across chains – most existing solutions only supports transfers. Router Protocol supports any crypto token swap on the network.
• Support for arbitrary tokens – most cross-chain platforms are permissioned where only listed assets can be traded. Router Protocol allows arbitrary token swaps by aggregating liquidity across all the major DEXes on any given chain.
• Mesh Network – instead of building 1:1 bridges that require dedicated links between chains, Router is building a many-to-many mesh network that allows seamless data flow between various chains. Any chain can be added with a few lines of configuration.
• Settlement guarantee – Router Protocol ensures no blocking for user funds and guarantees settlements of all transactions by providing users equivalent amounts of USDC or RUSDC (which can be redeemed 1:1 for USDC).

“As two of the most popular L2 solutions on Ethereum, this integration marks significant progress in our mission to connect all L1 and L2 chains. We’re proud to deliver a seamless and secure cross-chain experience to these communities.”
– Ramani Ramachandran, Co-Founder & CEO of Router Protocol

Security is an important focus for Router Protocol, having taken several measures to secure its network. In addition to a bug bounty program with the security platform Immunefi, the project has completed security audits from Certik and Halborn and is currently undergoing a third audit from Hacken.

Moreover, the Router team has several security features built into its network including: 

• A modular smart contract architecture – denotes different contracts for functions like liquidity, fees, voting, etc. to separate out functions against monolith structures which is typically followed.
• On-chain validation – the validation is achieved on-chain, which is more secure than protocols using off-chain consensus.
• An Isolated execution module – transactions are executed on a stateless execution pallet that can avoid direct interaction with the bridge reserves. Keeping the reserves isolated from the execution environment prevents malicious entities from accessing the reserve funds.
• A dedicated proxy architecture – Router Protocol retains the option to update the contract in case of any contract vulnerability/bug.

In other developments, the Router Protocol team recently announced a governance proposal inviting the community to decide which two EVM chains to integrate next. The governance event is an important step in the direction of transitioning Router Protocol into a community-governed project.

WAVES fell to a one-month low during Wednesday’s trading session, as prices dropped for a second consecutive session. This came as BCH rallied by over 10% on hump-day, hitting a five-day high in the process. Overall, the crypto market cap is 1.17% higher as of writing.

Bitcoin Cash (BCH)

As crypto prices slowly began to rise on Wednesday, BCH was easily one of the day’s biggest gainers.

Following a low of $295.20 on Tuesday, BCH/USD rose to an intraday high of $332.87 during today’s session.

This is the highest level BCH has traded at within the last week, and comes despite its value trading over 4% lower within the same period.

Recent momentum in the market has seen prices decline, with BCH trading lower for the last seven out of ten sessions.

However, following two consecutive days of gains, BCH is now trading at resistance of $335, with the RSI also hovering below its own ceiling.

This level would be the 50.4 point, which has historically been an area of uncertainty, and birthed several bearish runs.

Despite this, bulls could be looking to breach this ceiling, and target the $360 area.

WAVES

WAVES fell by as much as 11% during today’s session, however losses somewhat eased as bulls returned to crypto markets this afternoon.

Following a run which has seen it drop for ten of the last twelve sessions, WAVES has now fallen to its lowest level since March.

As of writing, WAVES/USD hit an intraday low of $20.48, which is its lowest point since March 7, and comes as its recent floor was also broken.

This support point is the $25.10 level, and with recent momentum still bearish, some expect WAVES to fall to a lower floor of $16.50.

The price of WAVES is also currently oversold according to the RSI indicator, and is trading at its own support of 33.80, which is the lowest it has tracked since early February.

However, should this floor break, then we will likely see all of the gains from March wiped out in the space of two to three weeks.

What do you believe is behind the recent drop in WAVES? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings a diversified point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.