Čvc 01

New Coinbase Pro Platform Off to a Rocky Start Amid Flurry of Criticism

Digital currency exchange Coinbase shuttered GDAX on June 29th and transitioned to Coinbase Pro. The new interface is marketed as an upgrade but has received a lot of initial criticism.  


Coinbase has been very busy over the last few days. Responding to criticism about failures with their customer service, the exchange said on Thursday how they are planning to open a new office in Portland Oregon.

An official announcement from the company says the new location will be hiring for roles based on “customer support, finance, compliance, IT, and HR.” The news comes a few weeks after the exchange officially opened an office in Japan to help “accelerate the global adoption of cryptocurrency.”

Yesterday, Coinbase officially said goodbye to GDAX and invited people to start using the new Coinbase Pro. A company blog post said gdax.com would not be accessible after June 29th, but part of it still apparently lives on, as the design team has emulated GDAX’s interface in one of Coinbase Pro’s color themes.

Hello Coinbase Pro

Coinbase Pro General Manager David Farmer wrote in a blog post how the new interface was built on top of the GDAX trading engine. After June 29th, all GDAX balances and trading history are now automatically seen on Coinbase Pro.

Farmer said GDAX’s API would be functioning until December 31st, 2018 and encouraged those on Coinbase Pro to migrate their API usage away from GDAX.

Coinbase has been advertising the purported upgrades and advantages of Coinbase Pro over the last couple months. A company blog post from May said the platform is “completely dedicated” to the needs of the cryptocurrency trader.

Along with the automatic migration of transactions and balances, Coinbase Pro features a new design that is intended to make “the trading experience easier and more intuitive.” The company says it also has a simplified deposit and withdraw process, better charts for users trying to find historical data, and a new portfolio “that lets customers easily see an overview of their account orders and balances.”

Coinbase Pro touts a variety of benefits on their homepage, including an “industry-leading API”, FDIC insurance protection for USD balances up to $250,000 per customer, and 0% maker fees.

The company said their vision is to give users the ability to “interact with digital assets in new and unique ways,” including through services like staking and protocol voting.

‘This Does Not Look Good’

Coinbase Pro said in a June 29th tweet how a number of customer feedback suggestions from the previous two weeks were live on the platform. This included layout optimizations, more theme options, and a bigger market selector.

But many of the early reactions to the new Coinbase Pro have been negative, and a growing number of people seem to be taking to the internet to try and problem-solve through issues.

Criticism started to emerge on Coinbase Pro’s official Twitter announcement. One user commented and said the new platform is “not a step for the better” and questioned if the team’s “UI or UX designers quit?”

Another said the platform’s GUI was slowing down their computer, pointing out how their utilization was above 25% “the moment the switch to pro occurred.”

Reddit community /r/coinbase experienced a flurry of activity after launch, and a lot of the commentary was not positive.

One user posting on June 30th called for a “Coinbase Pro boycott” after noting they had not seen a “single positive response to Coinbase Pro.” They said they would consider trying to get used to the new platform since Coinbase offered “relative safety” with holding funds, but said it was otherwise “complete garbage.”

Some users said the ability to zoom and scroll back on charts was a positive, but others mentioned how some features were not really usable on mobile devices. One user asked how they can get the GDAX page layout back and questioned if the new platform was even tested before being rolled out. Another simply said the new design was “two steps backwards.”

A couple of people seemed to take things into their own hands and posted ideas and suggestions in response to criticisms about Coinbase Pro.

One user recommended people make their own dashboard with the API in order to customize the platform to avoid issues. Another posted a “fix” for Coinbase Pro’s apparent lagging for high volume traders, which included minimizing browser width to “make the site usable again.”

Since Coinbase Pro is so new, team members are assuredly working on smoothing out any issues and figuring out what needs to be changed. But only time will tell about how many the initial complaints and criticisms will be addressed in future updates.

What are your thoughts on the new Coinbase Pro? Let us know in the comments below!


Images courtesy of Shutterstock, Twitter 

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Kvě 31

SatoshiPay Unveils New API And Surpasses 10,000 User Wallets

Source: bitcoin

Bitcoinist_SatoshiPay

Bitcoin seems to hold a lot of merit in the world micro- and nano-transactions. SatoshiPay is one of the companies exploring this space, and they have released their new API earlier today. Additionally, the company also announced they reached the milestone of 10,000 user-generated wallets.

Also read: Bitmain’s Antminer S9 Announced at 14 th/s Using 16nm ASICs

Content creators are always looking for new ways to monetize their efforts, yet it is proving increasingly difficult to do so. The traditional business model of hosting advertisements or using Google Adsense is becoming less profitable due to ad blockers. Erecting a paywall and forcing visitors to pay for content does not seem the way to go either.

SatoshiPay And Bitcoin Nanopayments

This is where SatoshiPay is presenting an attractive opportunity for content creators. Creating new revenue streams has never been easier, and visitors can make nanopayments to show their appreciation for one’s work. The company offers an API, which can be integrated into any websites, including WordPress platforms.

SatoshiPay CEO Meinhard Benn told the media:

“We have been delighted by the response we’ve received from the developer community and we’re excited to announce the API. Our mission is to enable developers to use SatoshiPay for any kind of digital product or service they want to implement nanopayments into. We believe this will enable us to significantly scale our reach as developers can use our system in any way they can dream. We will continue to add features frequently to support our growing ecosystem of developers and partners”.

In doing so, the company provides a complete payment solution for website owners. Apps and services can be built on top of their existing infrastructure, and the technology is available to millions of developers all over the world. Moreover, enterprises can reap the benefits of this technology as well, as they can implement Bitcoin infrastructure into their existing systems.

On the other end of the scale, SatoshiPay also offers a Bitcoin wallet creation service. Users can make use of this offering to send and receive Bitcoin nanopayments in a convenient manner. Now that over 10,000 users have signed up for this service, the future of Bitcoin adoption is looking very bright.

What are your experiences with SatoshiPay so far? Let us know in the comments below!

Source: Press Release via Email

Images courtesy of SatoshiPay, Shutterstock

The post SatoshiPay Unveils New API And Surpasses 10,000 User Wallets appeared first on Bitcoinist.net.

SatoshiPay Unveils New API And Surpasses 10,000 User Wallets

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BitcoinAverage Announces Newest API in Beta

Source: bitcoin

Vanbex Report

London, UK, April 24, 2016 — BitcoinAverage, the world’s most trusted Bitcoin price index, will be releasing new system features, revamping its pricing index to accommodate the needs of users at every level, from casual to enterprise-grade.

Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services.

“We are launching a closed beta of our API,” said BitcoinAverage’s Founder, Shaun Gilchrist. “Access will initially be provided to existing users, and then opened up to the wider community. It is our aim to continue providing the most comprehensive price data for the industry, and we hope that with the help of the community and their feedback, we will be best placed to do that.”

The London-based company established itself as the leading source for Bitcoin pricing in 2013 and have since been developing open-source application programming interface (API) tools to provide real-time Bitcoin data to mobile apps, web services and businesses worldwide.

In its latest offering, BitcoinAverage is preparing for the launch of a new full-featured API that will be bundled with an updated front-end interface following beta testing and subsequent finalization of the programming interface.

In addition, the company will also be providing a tiered subscription program along with customizable packages tailored for users in need of something more robust.

The tiered structure will still offer a free plan for users, which has been a staple of BitcoinAverage’s service offerings. The gratis-level entry package will cater to existing users of BitcoinAverage’s API and will ensure no one is forced out following the system upgrade.

One of the biggest changes will be the availability of packages to scale up for enterprising needs and otherwise; service offerings which have been asked of the Bitcoin price index since launching a few years ago.

Following the beta launch, users will be able to generate API keys for authenticated endpoints, allowing users finer control over the API and in turn provides a far better service to clients.

Further, customizable endpoints and custom indices — an industry first — will be made available to higher-tier users.

As Gilchrist explained, these are important features, introduced because of the debate that surrounds what exchanges should or should not be included in an index.

“Going back to Mt. Gox and the downtime or withdrawals issues, currently, chinese exchanges and the issue of inflated volume due to 0% fees, or sites like Localbitcoins.com and the high premiums that skew averages across the board,” said Gilchrist, “the playing field is far from uniform.”

“So we provide clients with the ability to exclude one or multiple exchanges they may feel don’t belong in an index.”

BitcoinAverage’s new system will also allow the freedom to compile an index or indices from scratch.

“Our roadmap includes a far superior algorithm (soon to be complete) than our current volume weighted average price,” Gilchrist said. “We can’t wait to unveil it in its final form soon.”

For more information visit bitcoinaverage.com.

About BitcoinAverage

Since 2013, BitcoinAverage has been the leading source for Bitcoin pricing data, currently comprising and analyzing 50+ exchanges worldwide to ensure the most accurate Bitcoin price is delivered to its users. BitcoinAverage initially launched as an open source project and is now the most widely used bitcoin price ticker in the world. Its Global Bitcoin Price Index (GBX) was the first of its kind in the industry and is still recognised as the most widely used price source for applications, services and businesses worldwide.

Press Contacts

Brandon Kostinuk

Communications Lead, Vanbex Group

Ph: (604) 312-2463

Email: b@vanbex.com

Kevin Hobbs

Director, Vanbex Group

Ph:(604) 379-9032

Email: k@vanbex.com

The post BitcoinAverage Announces Newest API in Beta appeared first on Bitcoinist.net.

BitcoinAverage Announces Newest API in Beta

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