Coinbase Wallet to Support Bitcoin (BTC) in Both iOS and Android Versions

On Tuesday (February 5th), Coinbase announced Bitcoin (BTC) support for its highly popular "user-custodied crypto wallet" app for iOS and Android. ("Coinbase Consumer") is "a digital currency brokerage." It "can also act as a custodian, storing your digital currency for you after you purchase it." In contrast, Coinbase Wallet is "a user-custodied digital currency wallet and DApp browser," which means that "with Wallet, the private keys (that represent ownership of the cryptocurrency) are stored directly on your device and not with a centralized exchange like Coinbase Consumer." A Coinbase Consumer account is not needed if you want to use Coinbase Wallet, and you can download it from anywhere.

Coinbase Wallet is a mobile app that initially only supported Ethereum (ETH) and Ethereum tokens (ERC20 and ERC721). On 26 November 2018, support for Ethereum Classic (ETC) was added. And starting today, it supports storing, sending, and receiving Bitcoin (BTC).

According to the blog post by Coinbase Wallet Product Lead Siddharth Coelho-Prabhu, this "new Wallet update with Bitcoin support will roll out to all users on iOS and Android over the next week." He also says that "Coinbase Wallet supports both newer SegWit addresses with lower transaction fees, as well as Legacy addresses for backwards compatibility in all applications."

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Furthermore, Coinbase Wallet "also supports the Bitcoin Testnet to aid developers and power users." As for support for other coins such as Bitcoin Cash (BCH) and Litecoin (LTC), Coinbase wants you to know that the Coinbase Wallet team is currently working on adding support for additional cryptocurrencies. 

All Images Courtesy of Coinbase

Indian ‘Godman’ Fugitive Wants to Start island Nation Using Crypto

  • Indian fugitive Nithyananda has announced the creation of his own sovereign nation the Republic of Kailaasa.
  • Kailaasa's economic outline claims that it will use cryptocurrency in lieu of government fiat. 

An Indian “Godman,” has created his own island nation off the coast of Ecuador and is planning to use crypto for the country’s currency in lieu of fiat. 

According to a report by The Guardian, Indian fugitive Nithyananda announced that he had founded the Republic of Kailaasa to serve as a sovereign state and the world’s “greatest and purest Hindu nation.” Nithyananda is currently facing allegations of rape and abduction following his self-anointed title as an Indian “godman.”

The guru previously built up a large spiritual following in India, before being forced on the run by Gujarat police over multiple allegations that he “abducted and confined children to collect donations for his ashram” and raped one of his disciples. 

While Nithyananda’s whereabouts are currently unknown, he announced Dec. 4 that he was establishing a sovereign nation for practicing Hindus. 

According to the report, 

The ‘cosmic country’ will reportedly be established on a private island off the coast of Ecuador, purchased by some of his wealthy devotees. Applications are open for those who want to apply for citizenship and a passport, which allows for ‘free entry in all 11 dimensions and 14 lokas [the 14 worlds of Hinduism] including Kailaasa’

The official website for Kailaasa claims that the country will operate on a Hindu Reserve Bank that will issue its own cryptocurrency. The site criticizes government fiat and the modern banking system for operating to “enrich themselves at the expense of ordinary people“ and being “based on violence.”

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