Coinbase Gains Mainstream Exposure In HBO’s Silicon Valley Season 5 Intro

  • A stack of physical bitcoin with Coinbase's logo on top appeared in the intro of HBO's Silicon Valley
  • The show opted for Coinbase over companies like Yahoo and Alibaba

One of the largest currency exchanges headquartered in the United States, Coinbase, of which the Global Digital Asset Exchange (GDAX) platform is a part of, is now featured in the introductory video of Silicon Valley’s fifth season on HBO.

Over the past few years, cryptocurrencies seem to have been attracting the attention of the mainstream media throughout the world. Recently, “The Big Bang Theory”, one of the most-viewed TV shows, introduced bitcoin to its millions of viewers who had a chance to learn about cryptocurrencies.

Coinbase has been in the media for its blitzing developments. The company is now once again being talked about for being featured in HBO’s Silicon Valley Introductory video. Reddit and Twitter users pointed out the news on the social media platforms.

 

 

Being one of the most popular consumer-facing cryptocurrency exchanges in the United States, Coinbase has more than 10 million registered users on it.  Just a day ago, the company indicated its development efforts by announcing it will add support for ERC-20 tokens on its platform. The price of various tokens, including 0x and REP, surged on the announcement, alhtough no specific assets were mentioned.

Opting For Coinbase Over Yahoo And Alibaba

The American comedy television series updates its intro video every year and adds a few notable companies that have made a big impact in the Valley. Thus, the Silicon Valley season 5’s new intro video has proven the so-called 'crypto craze' in hitting San Francisco. In the video, the director added a stack of physical bitcoins with a Coinbase logo on the top. 

Coinbase has been an extremely successful company. According to reports, it generated over $1 billion in revenue in 2017. This growth was fueled by new users, as at one point last year the company was adding about 50,000 users per day. Over the US Thanksgiving holiday, it added 100,000 users in three days.

In the video, the creators clown Facebook for its recent data breach and Russian involvement scandals. The show mocks the social media titan by briefly converting it into Russian.It also added Uber and Lyft, which replaced Slack and Theranos.

PayPal Reveals Cryptocurrency Development in Letter to European Commission

Michael LaVere
  • Payments giant Paypal has revealed it is working on developing cryptocurrency capabilities.
  • The company's letter to the European Commission supports crypto industry regulation and the creation of transparency. 

Payments giant PayPal has revealed its intention to develop cryptocurrency-related “capabilities” following the announcement of Facebook’s Libra in June 2019. 

In a letter to the European Commission in March, PayPal said it was “assessing” the need for a European framework for cryptoassets that would support the integration of payments and financial services.  

PayPal said the crypto-asset industry had experienced substantial growth over the past few years and generated discussion about the impact of decentralization on central bank digital currencies.

The letter reads:

As such, PayPal is continuously monitoring and evaluating global developments in the crypto and blockchain/distributed ledger space. Of particular interest for us is how these technologies and crypto-assets can be utilized to achieve greater financial inclusion and help reduce/eliminate some of the pain points that exist today in financial services.”

The letter continues, claiming that PayPal has an interest in how cryptocurrency technology can be used to promote transparency and compliance efforts and would be supportive of the European Commission’s attempts to regulate the industry. 

PayPal revealed that it had taken “unilateral and tangible steps to further develop its capabilities” in the area of cryptocurrency since signing a letter of intent to participate in the Libra Association established in June 2019. 

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