Twitter Promotes an Elon Impostor
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 11 October 2018
⏱️ 6 minutes
🧾️ Download transcript
Summary
- Coinbase will add the 0x protocol token to its professional trading platform, Coinbase Pro. It's the first ERC-20 token to get a place on the platform.
- A region in Northern Syria is looking to cryptocurrency as a way to overcome economic sanctions.
- Crypto giveaway scams featuring Elon Musk impostors are common on Twitter, but on Thursday they went to new heights, with a promoted tweet from a verified account.
- The Securities and Exchange Commission moves against an initial coin offering and its organizer who allegedly claimed to have received approval from the agency.
- Know any Mandarin-speaking blockchain experts? The People's Bank of China is hiring as it continues development of its central bank digital currency.
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Transcript
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| 0:00.0 | Coinbase just added its first ERC 20 token to its professional trading platform. |
| 0:06.4 | Good evening. I'm Nick Day. Welcome to late confirmation from CoinDusk, bringing you to top stories from October 11th. |
| 0:13.9 | Also on today's show, a region in northern Syria looks to utilize cryptocurrencies and blockchain that made a year's long civil war. And Twitter |
| 0:22.4 | may have enabled a crypto giveaway scam from an Elon Musk impersonator. We'll have all that |
| 0:27.7 | and more coming up on late confirmation. Coinbase announced Thursday that it will add the |
| 0:35.1 | zero X protocol token to its professional trading platform, Coinbase Pro. |
| 0:39.8 | The startup said it would enable trading around 5am UTC, or at least 12 hours after the |
| 0:45.0 | initial announcement. |
| 0:46.5 | The move represents the first time the platform has added support for an ERC 20 token |
| 0:51.0 | that runs on the Ethereum network. |
| 0:53.6 | As previously reported by CoinDesk, ZeroX aims to |
| 0:56.6 | provide an exchange layer for Ethereum-based tokens under the ERC20 standard. The startup behind the |
| 1:02.1 | initiative raised $24 million in August 2017 through an initial coin offering, and is backed by VC firms |
| 1:09.0 | such as Polychain Capital, Penterra Capital, and |
| 1:11.8 | blockchain capital, among others. The tokens' price began rising after the announcement, |
| 1:17.0 | jumping to its highest point since mid-August, according to data from Coin Market Cap. |
| 1:21.9 | The token's price hovered at 84.9 cents, up 13% on today, an hour after listing. |
| 1:28.8 | While ZRX will be available through Coinbase Pro, it is not presently available to investors through |
| 1:33.6 | Coinbase.com or its iOS and Android apps. |
| 1:38.8 | A region in Northern Syria is looking to cryptocurrency as a way to overcome economic sanctions. Rojava, also known as the Democratic Federation of Northern Syria, is home to 4 million people. |
| 1:50.0 | It spent the last six years at war for its territory. |
| 1:54.0 | Now under a fragile peace, the region is under economic sanctions from all sides, Turkey, Iran, Syria, and Iraq. In the midst of this uncertainty, |
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