Orchid is a digital currency that was launched in 2017. The coin was created to be a more private and anonymous alternative to Bitcoin.
Orchid was developed by a team of experienced developers, including some who had previously worked on the privacy-focused browser Tor. The Orchid network is based on a technology called “The Onion Router” which encrypts and bounces user traffic through a network of nodes, making it very difficult to trace.
In late 2017, Orchid announced that it had partnered with Coinbase, one of the largest cryptocurrency exchanges, to list the Orchid token on the Coinbase Pro platform. This was seen as a major coup for Orchid, as Coinbase is known for being very selective about the coins it lists.
NOTE: WARNING:
It has come to our attention that a large number of customers have recently reported issues with their Coinbase accounts. Specifically, a number of users who have attempted to purchase or sell the digital asset Orchid on Coinbase have reported that their accounts have been suspended or locked out, with no explanation as to why. We strongly advise all users to exercise caution when conducting transactions on Coinbase, and if you do encounter any issues, please contact Coinbase Customer Support immediately.
However, just a few months after being listed on Coinbase Pro, Orchid mysteriously disappeared from the platform. There was no official explanation from Coinbase, and Orchid’s team has remained tight-lipped about the whole situation.
Speculation has been rife, with some people suggesting that Coinbase may have delisted Orchid due to pressure from regulators, while others believe that the Orchid team may have voluntarily pulled the token from the exchange.
Whatever the reason for Orchid’s disappearance from Coinbase, it remains one of the most mysterious incidents in the history of cryptocurrency.
9 Related Question Answers Found
On Thursday, Coinbase, the largest cryptocurrency exchange in the United States, announced that it had confidentially filed to go public. The move makes Coinbase the first major crypto company to make a serious push for an initial public offering (IPO). Coinbase’s IPO plans come as the crypto industry is enjoying a renewed moment of mainstream attention.
In December of 2017, Coinbase, one of the most popular cryptocurrency exchanges, experienced a major outage that left users unable to access their accounts or execute trades. The outage was caused by an issue with the underlying infrastructure that Coinbase uses to power its exchange. While the issue was resolved relatively quickly, it highlights the fragility of the infrastructure that supports the still-nascent cryptocurrency industry.
When Coinbase went public on April 14th, it was the first major cryptocurrency exchange to do so. The highly anticipated Coinbase IPO was met with great excitement from investors and the crypto community alike. However, the Coinbase IPO didn’t quite go as planned.
As of right now, IDEX is not on Coinbase. IDEX is an Ethereum-based decentralized exchange that allows for ERC20 token trading. IDEX combines the speed of centralization with the security of decentralization by utilizing a hybrid architecture.
This is a question that many people are asking, as IDEX is one of the most popular cryptocurrency exchanges. Unfortunately, at this time, IDEX is not on Coinbase. There are a few possible reasons for this.
As of December 27, 2017, Coinbase has implemented a new policy of sending all web traffic from its website to exchanges that support the Depository Trust & Clearing Corporation (DTCC). This is in response to the massive increase in trading volume and new users following the launch of Bitcoin futures on the Chicago Board Options Exchange (CBOE). The DTCC is a US-based financial institution that provides clearing and settlement services for a variety of securities.
If you’re not sure what dollar-cost averaging (DCA) is, it’s basically a technique for buying an asset, like Bitcoin, over a period of time. By buying a little bit at a time, you smooth out the price and minimize the risk of buying when the price is high. DCA is pretty simple: You just decide how much money you want to invest in an asset and then break that amount up into equal parts.
If you’re a Coinbase user, you may have recently gotten an email from the company that looks like this:
“We’re sorry, but we can no longer provide services to residents of the state of New York.”
If you live in New York, this probably came as a surprise. After all, Coinbase is one of the most popular and well-funded cryptocurrency exchanges in operation today. So why would they suddenly stop serving customers in your state?
It was a momentous day for Coinbase, as the popular cryptocurrency exchange made its public debut on the NAsdaq. It was a highly anticipated event, as Coinbase is one of the most well-known and respected names in the crypto space. The stock opened at $381 and closed at $328.
28, down 13.6% on the day.
