EOS Ranked 1st, Bitcoin 17th in China’s Updated Crypto Ratings

China has released the second edition of its state-endorsed cryptocurrency and Blockchain ratings, placing Chinese altcoin EOS top of the list and Bitcoin 17th.


EOS, Ethereum And NEO Win Official Favor

Round two of the Global Public Chain Technology Evaluation Index, published by the China Center for Information Industry Development (CCID) under China’s culture ministry June 20, follows the initial launch of the ratings series in May.

At the time, officials added they would add to the twenty-six cryptocurrencies that were first to receive ratings, as well as include various international blockchain projects.

Both receive scores based on three broad categories: ‘basic technology,’ ‘application’ and ‘creativity.’

China caused a stir within the cryptocurrency industry with its scoring last month, officials claiming they wished to address a “lack of independent ratings” available but placing Bitcoin in thirteenth place while championing Ethereum.

The CCID research team in charge of calculating scores allegedly consists of “first-rate domestic experts and scholars,” while the aim of the concept is to “evaluate the technological capability, usefulness of application and innovation [and] development level of the projects to profoundly understand the trend of Blockchain technology innovation,” a press release claimed.

Bitcoin Languishes Outside Top Ten

With June’s reshaping, however, the experts and scholars appear to have already changed their minds.

Ethereum is now in second place behind EOS, the latter in the interim period seeing its beta launch and ongoing criticism over its technological stability and freezing of users’ funds.

Last week, EOS’ entire platform ground to a halt due to a technical impasse over consensus.

Making up the rest of the top five assets meanwhile are another Chinese project, NEO, in third place, while fourth and fifth places go to Steller and Lisk respectively.

Steem, the token used by the Steemit social network platform, managed seventh place, having held the second spot in May.

Bitcoin, down four places to 17th, fares hardly better than NEO, according to China, the latter sounding the alarm this week after uncovering a wallet vulnerability affecting all Android users of its day-old app.

How the exact scores are calculated remains a mystery.

What do you think about China’s new cryptocurrency ratings? Let us know in the comments section below!


Images courtesy of Shutterstock, Twitter

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Coinbase Index Fund is Open For Investment

Coinbase Index Fund is now open for investments of $250,000 to $20M.

We’ve seen overwhelming interest from investors since we announced the fund earlier this year. At this stage, we have opened the fund to those who wish to invest $250,000 to $20M.

Coinbase Index Fund gives investors exposure to all assets listed on our exchange, weighted by market capitalization. As we announced yesterday, the fund will be rebalanced to include Ethereum Classic, and more assets when they are listed by Coinbase in the future.

At this stage, Coinbase Index Fund is only open to US-resident accredited investors. We’re working on launching more funds which are accessible to all investors and cover a broader range of digital assets.

Apply now to make your investment.


Coinbase Index Fund is Open For Investment was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Coinbase is Coming to Japan, Welcomes Fintech Leader Nao Kitazawa

As part of our effort to accelerate the global adoption of cryptocurrency, today we’re announcing the launch of Coinbase’s office in Japan. Under the leadership of the highly-respected and admired fintech leader, Nao Kitazawa, our new office will lay the foundation for Japan’s crypto investors to access a range of Coinbase’s products. As in other markets, we plan to take a deliberate approach to our rollout in Japan, which means working hand-in-hand with the Japanese FSA to ensure compliance with local laws at every stage.

Welcome Nao!

Nao is a leader in the fintech space and we are excited to have him at the helm of our new push into Japan. As the CEO of Coinbase Japan, he will be charged with building a world-class in-country team and ensuring that we deliver on our vision of creating an open financial system for the world. He is the former COO of Money Design, a company that helped pioneer automated investment advice platforms in Japan. Prior to Money Design, Nao worked at Morgan Stanley Japan as an investment banker, where he guided a fleet of impressive merger and acquisition deals and composition of funds in the real estate sector. He also spent several years as a member of an international law firm, handling cases related to finance and real estate in Japan and New York. As one of the industry’s top international leaders, Nao sits on the board of the Fintech Association of Japan.

Nao’s passion for cryptocurrency combined with his extensive background provides Coinbase with a great foundation to successfully push into the largest cryptocurrency market in the world. As a regulated, compliant crypto company in the U.S., we will focus on building that same level trust with new customers in Japan.

Upon our business registration with the FSA, Coinbase services available to Japanese customers will be provided with Japanese language translations for ease of use. We look forward to sharing more about our plans for Japan soon.


Coinbase is Coming to Japan, Welcomes Fintech Leader Nao Kitazawa was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Welcome Paradex to Coinbase

We’re thrilled to announce the acquisition of Paradex, a relay platform that will allow our customers to trade hundreds of tokens directly from their wallets. The move not only reinforces Coinbase’s commitment to investing in decentralized infrastructure and participating in the nascent world of wallet-to-wallet trading, but also our focus on the international crypto trader. After making some product enhancements, we’ll initially offer this experience to customers outside the U.S., and eventually to U.S.-customers.

Welcome Paradex to the Coinbase team!


Welcome Paradex to Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

GDAX is now Coinbase Pro

Today we’re announcing that GDAX — our professional trading platform for individuals — will evolve to become Coinbase Pro.

Since launching in 2015, GDAX has built liquidity and stability in the space and also helped us understand the needs of active crypto traders. Switching to the name Coinbase Pro is a recognition that the individual active trader requires a product completely dedicated to their specific needs.

The platform will offer professional trading tools and services, delivered through a completely reengineered UI that will make the trading experience easier and more intuitive.

Anyone with an existing individual account on GDAX will automatically become a Coinbase Pro member.

Institutional customers can take advantage of our suite of products that were announced last week.


GDAX is now Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.