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CoinDesk Podcast Network

Twitter Promotes an Elon Impostor

CoinDesk Podcast Network

CoinDesk

News, Business News, Tech News, Daily News

4.7698 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. Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate. For more information, visit www.CoinDesk.com See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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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