Crypto NEws

Japanese Cryptocurrency Exchange Hacked, $59 Million in Losses Reported

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Japanese cryptocurrency exchange Zaif has discovered that a security breach on September 14 led to the loss of $59 million worth of cryptocurrency.

Hackers have reportedly stolen $59 million worth of cryptocurrencies from Japanese cryptocurrency exchange Zaif, Cointelegraph Japan reports September 19.

According to a local report, as a result of a security breach on September 14, hackers managed to steal 4.5 billion yen from users hot wallets, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million.

Cointelegraph will update this story as more information becomes available.

Japanese Cryptocurrency Exchange Hacked, $59 Million in Losses Reported

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Japanese cryptocurrency exchange Zaif has discovered that a security breach on September 14 led to the loss of $59 million worth of cryptocurrency.

Hackers have reportedly stolen $59 million worth of cryptocurrencies from Japanese cryptocurrency exchange Zaif, Cointelegraph Japan reports September 19.

According to a local report, as a result of a security breach on September 14, hackers managed to steal 4.5 billion yen from users hot wallets, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million.

Cointelegraph will update this story as more information becomes available.

Abu Dhabi Regulator Calls for International Cryptocurrency Regulation Effort

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A senior finance official has said Abu Dhabi would like to see comprehensive international regulation of the cryptocurrency arena.

The head of the financial regulator of the United Arab Emirates (UAE) capital Abu Dhabi wants “proper” international regulation of cryptocurrency, local news outlet The National reports Wednesday, September 19.

Speaking during an interview at this week’s Fintech Abu Dhabi event, Richard Teng, head of the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM), claimed that loss and theft of cryptocurrency negatively impacts its image as an asset.

“This space needs to be properly regulated, otherwise there is the risk of financial crime,” he said, noting:

“Every time a coin gets stolen or lost, it affects the confidence in this asset class.”

The comments mark the latest in a series of official opinions on cryptocurrencies to have emerged from the UAE in recent weeks.

As Cointelegraph reported, this month should see formal regulations emerge at a nationwide level in the UAE regarding both fintech and Initial Coin Offerings (ICO).

This week, a Dubai police chief went on record to say digital currency would “soon replace” traditional cash, while other senior law enforcement officials called for the central bank to issue a national cryptocurrency.

ADGM, meanwhile, has long engaged with the crypto market, publishing guidelines last year, with Teng noting the organization had since shared its expertise with a number of international governments. Teng added:

“We are confident that our comprehensive regime — which we have shared with global regulators […] can address these risks and bring greater confidence into this asset class.”

Recipients included the U.S. Securities and Exchange Commission (SEC), the UK’s Financial Conduct Authority, and the Monetary Authority of Singapore.

Crypto Markets Hold Supporting Levels With Small Fluctuations, BTC Trades Around $6,300

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Crypto markets hold supporting levels with some small fluctuations, and Bitcoin is trading around $6,300.

Wednesday, September 19: crypto markets are holding recent gains and fluctuating around previous support levels. While 16 out of the top 20 altcoins by market cap are seeing some red today, total market cap still hovers around recent levels, according to CoinMarketCap.

Market visualization from Coin360

Bitcoin (BTC) is slightly down 0.12 percent over the past 24 hours, still holding the supporting level of $6,300 after dropping below that price point last week. Bitcoin is trading at around $6,334 at press time, and up about 0.48 percent over the past 7 days.

Bitcoin weekly price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) is seeing more minor losses today, down about .2 percent over a 24 hour period. After having dropped to as low as $127 over the past 7 days, Ethereum is trading at about $208 at press time, which constitutes around 12 percent gains over the week.

Ethereum weekly price chart. Source: Cointelegraph Ethereum Price Index

Total market cap has been fluctuating around the $199 billion point over the day, currently at about $198 billion. The number of cryptocurrencies listed on CoinMarketCap is now 1,977.

Weekly total market capitalization chart. Source: CoinMarketCap

The general losses among the top 20 cryptocurrencies by market cap amount to between 2-3 percent, while the 20th top coin Dogecoin (DOGE) has seen a deep decline of 7.8 percent. The altcoin is trading at $0.0056 at press time, which is also about a 13 percent drop over the past 7 days.

Earlier this week, the CEO of SpaceX and Tesla Elon Musk asked Dogecoin developer Jackson Palmer to help him to get rid of "annoying" cryptocurrency scammers on Twitter.

Bitcoin Cash (BCH) is down almost 3 percent over the past 24 hours, still holding about 0.2 percent over the past 7 days, and trading at about $425.

Ripple (XRP), the third cryptocurrency ranked by market cap, which had seen the largest gains yesterday, is keeping upward trend today. XRP is up around 2.5 percent over the past 24 hours, and trading at $0.32, which amounts to almost 24 percent gains over the week.

On September 18, the New York Attorney General’s office issued a report warning that cryptocurrency exchanges are vulnerable to manipulation, conflicts of interest, and other consumer risks, according to an investigation based on information requests to 13 crypto exchanges earlier this year.

Recently, Germany’s Finance Minister Olaf Scholz expressed scepticism about the chance that cryptocurrencies can replace traditional fiat money, claiming he “would doubt today, whether is has a perspective as a currency model.”

Also on September 18, the U.K. Treasury Committee called for cryptocurrency regulations in order to protect investors in relation to major issues around the industry, such as price volatility, poor consumer protection, the risk of hacker attacks, and money laundering.

Europol: Bitcoin Remains Cybercriminals’ First Choice, But Privacy-Focused Alts Will Rise

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A new cybercrime report from Europol predicts cybercriminals will increasingly turn to anonymity-focused altcoins such as Zcash (ZEC) and Monero (XMR).

Europol’s new cybercrime report has found that Bitcoin (BTC) remains the most popular form of crypto for illicit uses, but predicts a rise in the popularity of anonymity-focused altcoins such as Zcash (ZEC) and Monero (XMR). The report, the fifth edition of Europol’s Internet Organised Crime Threat Assessment (IOCTA) to date, was published yesterday, September 18.

According to Europol, even as Bitcoin’s market share dropped as low as “35 percent in early 2017,” it remained the most “commonly encountered” crypto in cybercrime investigations across the European Union.

Europol anticipates that while Bitcoin for now dominates the landscape, anonymity-focused altcoins that offer the protection of “stealth addresses” are likely to gain traction and potentially make “current [crypto] mixing services and tumblers obsolete.”

For example, among jihadist networks, Europol found that mass donations in the form of Zcash were popular among those who donated to campaigns in Islamic State (IS)-affiliated websites, although it noted that the use of crypto by terrorist groups has so far been limited to “low-level transactions,” and does not account for a significant share of their funding stream:

“Despite the clear potential, none of the attacks carried out on European soil appear to have been funded via cryptocurrencies.”

IOCTA outlines a range of crypto-related phenomena on the cybercrime landscape, including cryptojacking, crypto-targeted phishing, and an increasing number of attacks on crypto exchanges or other crypto depositories, which Europol argues are viewed by criminals as a “soft target” in comparison with corporate banks or other traditional institutions.

Europol notes that not only exchanges, but “mining services and other wallet holders are facing hacking attempts as well as extortion of personal data and theft.”

The report notes that crypto has for several years offered the advantages of a decentralized infrastructure and pseudonymous transactions for laundering criminal proceedings, but suggests that as the large crypto industry players fall under the purview of regulators, decentralized exchanges may soon become a more advantageous channel for launderers.

Just today, Cointelegraph reported that a leaked code targeting Microsoft Systems — which hackers allegedly stole from the U.S. National Security Agency (NSA) — has sparked a fivefold increase in cryptojacking infections.

Huobi Joins Russian Financial Services Platform to Share Notes on Crypto Regulation

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Crypto exchange Huobi will help a Russian development bank with crypto-related regulation and creating a legal basis for digital assets.

Cryptocurrency exchange Huobi has joined Russia’s VEB Innovation Fund to share notes on crypto regulation, according to a fund’s press release published Wednesday, September 19.

According to Crunchbase, the VEB Innovation Fund was created in 2011 to invest in Russian high-tech startups and to promote local innovations in the global market. The Center of Digital Transformation, where Huobi is now a resident, was created by VEB to promote blockchain and other crypto-related technologies, as its website states.

One of the main goals of the partnership with world’s fourth largest crypto exchange, as reported in the statement, is to draw on the crypto regulation experience gained by Huobi and to apply it in Russia, especially for adjusting the legal framework on digital assets.

VEB Innovations CEO Vladimir Demin explains that Huobi expertise will help create "a legal basis that could compete with current promising jurisdictions."

Andrey Grachev, a Huobi spokesperson in Russia, further explained that Huobi has intended to enter the Russian market since April:

"We're glad it has finally happened. Russian investors had no communication with global trading platforms so far, and Huobi is the first to open its unit in Russia".

As cited by VEB Innovations, Senior Director of Huobi Global Edward Chen said the crypto exchange would provide Huobi Cloud services in Russia and would also allow Russian investors to use Huobi OTC.

Huobi is not the first crypto-related company to interact with the VEB-affiliated organization. According to its website, VEB has already partnered with Ethereum and Russian blockchain platform Waves.

As Cointelegraph reported earlier in May, the State Duma — a lower house of Russian Parliament — has already accepted a bill on crypto regulation in the first of three readings. In its first edition, the“On Digital Financial Assets” bill defined cryptocurrencies, as well as blockchain-related technologies such as smart contracts, mining, and Initial Coin Offerings (ICOs).

However, according to an article published by Russian newspaper “Izvestia” Wednesday, September 19, shortly before the second reading the definition of “cryptocurrencies” completely disappeared from the document, as the bill now focuses on tokens and investments.

In September, Cointelegraph wrote that a Russian lobby group of high-ranked managers, including two of of the top ten Russian billionaires according to Forbes, started to prepare an alternative bill on crypto regulation, as one of the group’s experts called the initial bill “unfinished and fragmented.”

US Financial Giant PNC to Use Ripple Technology for International Payments

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Top ten bank PNC announced it will use Ripple’s blockchain solution, xCurrent, for international commercial payments.

PNC, which is ranked among the top ten U.S. banks, will use RippleNet to process international payments for its customers, Ripple announced Wednesday, September 19.

As Reuters reports, a particular PNC unit — Treasury Management — will use Ripple’s blockchain solution xCurrent to speed up overseas transactions held by U.S. commercial clients.

Ripple emphasises that xCurrent will allow PNC business clients to receive payments against their invoices instantly, changing their approach to managing both accounts and their working capital.

Senior vice president for product management of Ripple, Asheesh Birla, thinks that using xCurrent in banking is the first step towards adoption of other Ripple products, such as the xRapid solution set to be launched in a few months. "It's a way [for the banks] to get their toe into the water,” Birla told Reuters.

The news come despite the fact some Ripple employees were sceptical about using xCurrent in cross-border payments. As Cointelegraph reported in June, Ripple’s chief cryptographer David Schwartz said banks were unlikely to deploy the technology because of low scalability and privacy problems.

PNC, listed by Bankrate as one of top ten largest U.S. banks with 8 million customers and retail branches in 19 states, joined other global financial institutions which had previously partnered with Ripple.

For instance, in late 2017 American Express announced it was creating a Ripple-powered app for B2B payments between US corporate customers and Santander UK customers. Later in March, a Japanese bank consortium stated it will release an instant domestic payments mobile app “MoneyTap” based on Ripple.

And in April, Cointelegraph wrote that Spanish-based bank Santander launched Ripple-powered blockchain payment network One Pay FX, reportedly becoming the first international bank to do so.

Cryptocurrency Mining Malware Detections Up Almost 500 Percent in 2018: Report

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The tool that exploits Microsoft vulnerabilities to enable widespread crypto extortion has let malware proliferate this year, says a new report.

Leaked code targeting Microsoft Systems which hackers allegedly stole from the U.S. National Security Agency (NSA) sparked a fivefold increase in cryptocurrency mining malware infections, Bloomberg reports Wednesday, September 19, citing a new cryptojacking report.

Eternal Blue, the tool which can exploit vulnerabilities in Microsoft software, is behind the now-infamous global cyberattacks WannaCry and NotPetya, which continue to cause disruption since they first surfaced in 2017. Bloomberg notes that Eternal Blue was allegedly stolen from the NSA in 2017 by a hacking group called the Shadow Brokers.

Hackers have since been using the tool in order to gain access to computers in order to covertly mine for cryptocurrency, with detections up 459 percent this year, according to the report from the Cyber Threat Alliance (CTA).

“Combined threat intelligence from CTA members show that this rapid growth shows no signs of slowing down, even with recent decreases in cryptocurrency value,” the company writes in a preface to its most recent report, stating:

“Because this threat is relatively new, many people do not understand it, its potential significance, or what to do about it.”

Cointelegraph has often reported on the emergence of crypto mining malware infecting user devices such as PCs and smartphones. Rather than Bitcoin (BTC) or Ethereum (ETH), it is privacy-focused altcoins such as Monero which are hackers’ preferred target, the report notes.

The uptick, CTA says, comes as such operations are becoming more “sophisticated.”

“Analysts have observed successful and widespread attackers ‘living off the land,’ or employing legitimate functionality to download and execute miners that would be more difficult for an observer or antivirus to detect,” the preface continues, highlighting the Monero mining campaign Smominru as an example.

The NSA did not respond to Bloomberg’s request for comment on the findings upon publication.

Summer Is Ending: Will Ethereum’s ERC-20 Pass the Governance to ERC-777?

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The oncoming release of Ethereum’s ERC-777 may finally free the community from the problem of ‘stuck’ tokens.

The end of summer is a great time to set personal goals, to soak in the final days of sunshine and to reminisce about the summer's major events, like the promise made by Jordi Baylina, Jacques Dafflon and Thomas Shababi to introduce the ready-made ERC-777 token community standard, which is intended to replace the world's most popular token standard, the ERC-20. The promise was made by Baylina on July 20 at the DappCon forum in Berlin, where important initiatives, tools and updates related to the Ethereum blockchain are traditionally discussed. The developer stated that the ERC-777 was ready to be launched and would be made fully available in August.

However, August has now come and gone, with the development team seemingly keeping silent — or possibly preparing a surprise — around the latest attempt to create a new standard on Ethereum blockchain. While no updates related to ERC-777 have appeared on GitHub since July, a Twitter post made by Baylina last week may give us a little clue about the upcoming release. For now, let’s go back in time to better understand the background of such an initiative.

Why was it necessary to change the most popular token standard in the world, which has served as the basis for more than 60,000 projects — including EOS, with a capitalization of more than $4.5 billion — and for the tokens of one of the world's largest crypto exchange, aka Binance? In order to answer this question, it is necessary to compare both existing and new standards, and then assess the risks of their application.

Success story

While Bitcoin is considered the most popular cryptocurrency in the world, Ethereum is not only the second most popular cryptocurrency, but also the blockchain that led to a boom in crypto markets during 2016-2017. If there were no Ethereum platform, there would never have been the phrase "to the moon", which turned cryptocurrency from entertainment for geeks to a new tool for classical investors and millions of ordinary people in a matter of months.

The main merits of the Ethereum blockchain include that the process of developing an application is extremely simple and the procedure for issuing a token using a smart contract goes off without the slightest hitch. Now, creating a token — that is, issuing a new crypto — can be done by anyone in one minute. This ease led to the explosive ICO boom. Another tool that could further contribute to the development of the ICO market was a single standard for tokens — and thus appeared ERC-20.

The ERC-20 standard

Prior to standardization, Ethereum developers had to create a separate Solidity-based smart contract for each token. In fact, each time, it was necessary to create a new, unique type of smart contract. And the founders of an exchange or wallet had to write a unique code to support each new token. The more tokens that appeared, the more difficult this process became. In addition, tokens issued on unique smart contracts were poorly compatible with each other.

Before ERC-20 was created, Ethereum developers have created a single standard for all tokens — the ERC-20, where ERC means "Ethereum Request for Comment" and 20 is the number of the community request, which in this case is arbitrary.

The emergence of a single standard, which was released in 2015, revolutionized the crypto industry and became the central guideline, specifying which functions and events have to be implemented in a smart contract. Never before was the issuance, exchange and cash out of new currencies so simple.

The standard contains the six mandatory parameters of a smart contract and is responsible for three main directions:

1. Setting the initial distribution of tokens:

totalSupply — determines the maximum number of tokens, which upon reaching, the smart contract stops issuance.

balance0f — a function that assigns a primary number of tokens to any address.

2. Transferring tokens:

transfer — a function that moves tokens from the primary address to the address of the new owner following the results of an ICO.

“transferFrom” — a function that moves tokens between users.

3. Performing management functions:

“approve” — a function to check the availability of tokens for a smart contract.

“allowance” — a function to confirm that the address has enough tokens to initiate the transfer.

Once this standard was formulated, exchanges and wallets were able to unify their code in order to handle any tokens created with the ERC-20 protocol. The growth of future applications using ETH then skyrocketed, as was expected.

The challenges behind the ERC-20 standard

Developers of decentralized networks are programmers first and foremost, and then businessmen. Therefore, in decision making, one almost always follows formal logic. For example, some of developers might be not very concerned about a "51 percent attack" either because the coin itself depreciates or because the attack cost can exceed the profit received by a hacker. But it seems the organizers of such attacks have a completely different logic, which is proved by a big number of new attacks in 2018.

The next thing that the developers did not overlook was considering a token’s functionality to be necessary only for an ICO launch but not for any additional services. This proved not to be the case — some teams, even those far from programming, began to explore possibilities of blockchain. For example, this led to appearance of tokens created for fun, as was the case of the Useless token.

Other custom features could even damage users’ security. For example, some developers implemented the option of recharging exchange accounts through the simultaneous execution of the “approve” and “transferFrom” functions. The funds were written off from the sender's account but were not credited to their exchange balance, since the functionality of the recipient's smart contract as a deposit was not determined. The problem was that the Ethereum developers did not provide such an option for using this kind of transfer and did not prohibit it, and blockchain did not initially support the self-determination function of the contract. As a result, the owners of the cryptocurrency lost millions of dollars, disappearing into the network forever — as the money simply disappeared if the unfulfilled transaction was not immediately canceled by the sender.

This vulnerability was noticed by security auditor Dexaran, who subsequently developed the ERC-223 standard, in which the “tokenFallback” function was added — which is launched if the “transferFrom” function isn’t performed. Despite the invention, however, this new function, created by the anonymous programmer, hasn’t yet received widespread acceptance.

One more vulnerability has been detected by Lucas Cremer, a Solidity developer from Germany, in June, after Solidity update. It turned out that a significant percentage of ERC-20 tokens — which the author called “bad tokens” — behaved in yet another way regarding the return values of the transfer function. The transfer functions of these token contracts did not return anything. Indeed, among the affected tokens were those of Binance and OmiseGO. What one should be concerned about, Corner states, is that such assets could start behaving in an unpredictable way, and he warned that the bug needed to be fixed “as soon as possible.”

ERС-777: A Heavy Left-Hook Attack on ERC-20

Since tens of thousands of tokens, exchanges and wallets closely interact with ERC-20, its vulnerability is irremovable, — so the Ethereum developers have decided to issue a new standard with a name inspired by the lucky number 777.

EIP (Ethereum Improvement Proposals) on ERC-777 were published on Nov. 20, 2017 and received the community’s approval. However, in order to fully function, the new standard needed an auxiliary ERC-820 protocol, which set the principles for the formation of a single register of smart contracts. With the help of this centralized registry, the main problem of the Ethereum blockchain — the impossibility of determining the functions performed by the contract — was solved.

How does it work now? Any contracts with a description of the functions can be entered into the register once and for all; and, when executing a transaction, the blockchain can apply to the register to clarify the permissible actions. If a user attempts to perform an invalid operation with the tokens, they simply remain on the account and do not disappear.

At Berlin's DappCon, Jodi Baylina and Jacques Dafflon explained the specifics of the new standard by using a new term — “hook” — to determine "functions that can be called during a transfer." These functions operate in conjunction with the ERC-820 protocol to provide a simple type of a detailed introspection which is lacking in ERC-20. Thus, it becomes possible to check whether a token possesses concrete features in order to perform or decline the operation, making the smart contract even smarter. The new ERC-777 standard will fix the problem of a recipient’s tokens being lost when sent to a contract that doesn’t support the receiving or managing such assets. Because of such a bug, the Ethereum community has already lost millions of dollars. A big part of the funds appear to be trapped inside some of the top ICO projects contracts forever. Here are some of them:

However, protection against token loss as a result of incorrect transactions is not the only innovation of the new standard, which is aiming to further develop the blockchain.

For example, ERC-777 creators built in a ‘trusted operator’ function for the first time, which can transfer and burn tokens on behalf of the owner. This is achieved by executing the ‘authorizeOperator’ function and can be used, for example, to perform instant, automatic payments in ETH.

In addition, this standard allows you to check the address of the recipient for availability concerning ‘white’ or ‘black’ lists through the function ITokenRecipient. Additionally, the ‘hooks’ mentioned above make possible the monitoring of the behavior of a token, depending on the circumstances, which allow you to block certain addresses and perform a number of other actions — including the intervention by the sender and the receiver in the transaction process.

If you need additional details on ERC-777, you can consult the relevant thread on Ethereum’s GitHub.

A curtain call, number 20

The ERC-777 standard is backward compatible with ERC-20, and any project based on the previous version of the standard can be transferred to the new one without problems. We can assume that the exchanges and wallets, which work with the tokens of the previous standard, will react positively to the initiation of ERC-777 -- which finally closes the legendary ‘hole’ in the Ethereum blockchain. In practice, this will mean simplifying the procedure for listing coins on the new standard, which could cause a new surge in activity in the crypto industry comparable to the wave of enthusiasm in 2016-2017.

In addition, the new standard significantly expands the functionality of the Ethereum blockchain system, which will attract the attention of developers. Rampant discussion of the new standard serves as the brightest evidence.

And finally, the ERC-777 standard contains completely redesigned functions and logic, which will avoid crosses with other tokens standards and confusion when executing smart contracts.

Speaking about the disadvantages of ERC-777, yes, there is one: It relies on a centralized register of smart contracts — which is not an ideal approach within the decentralized ideology of blockchain. This will require additional measures from the Ethereum developers to ensure the security of its registry.

A famous crypto YouTuber “Ivan on Tech” is sure that the success of ERC-777 is just a matter of time, even despite the fact that the Ethereum Foundation might be slow in writing off ERC-20 entirely:

“Going forward, [the] Ethereum Foundation really [needs to get] behind ERC-777, and it could replace ERC-20, because it’s better. And therefore, it’s all about [the] Ethereum Foundation still has quite an influence and they are currently pushing for ERC-20. This is what they are advertising the most. But, in the future, it might be the case that we switch to ERC-777.”

Perhaps, a new, promising token standard will give a fresh impetus to the development of the Ethereum network — and ETH, in particular, which has hit a new low since July: $194. Until then, while GitHub is keeping silent, there seems to be nothing better to do than just letting the Ethereum team finish their work — we know that they are good at it.

Former Twitch Senior Vice President of Marketing Joins Crypto Startup Kin as CMO

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The Kin Ecosystem Foundation has appointed a former executive of Amazon-owned streaming platform Twitch as its chief marketing officer.

Former Twitch exec Matthew DiPietro has joined crypto startup Kin Ecosystem Foundation as chief marketing officer (CMO), PR Newswire reports September 18.

After serving eight years as senior vice president at the popular live streaming platform Twitch, DiPietro will now be responsible for developing marketing and brand strategies for Kin, the cryptocurrency launched by Kik Interactive, as specified on the expert’s LinkedIn profile.

According to PR Newswire, DiPietro drove brand development for Twitch, as well as led all marketing projects, including the launch of community convention TwitchCon that is devoted to Twitch and the culture of video game streaming.

Having started his career at Twitch as the only marketing specialist in 2010, DiPietro developed a department of more than 40 employees working on brand marketing, content marketing, creative initiatives, events, product marketing, and communications.

Following the new appointment, DiPietro commented on his new position at the crypto startup in a Reddit post, stating that assisting the “adoption of a transformative technology,” which is able to “fundamentally change the relationship between consumers and developers” is a “once-in-a-lifetime opportunity.”

Launched in 2011, the Twitch live streaming video service is now a wholly owned and operated subsidiary of U.S. e-commerce giant Amazon, which acquired Twitch Interactive for around $970 million in August 2014. Also in 2014, Twitch first started accepting Bitcoin (BTC) payments, resuming the option through the Coinbase payment processing gateway in August 2016, following previous issues with Bitcoin payments via Xsolla.

Recently, Twitch streaming application Streamlabs announced it started accepting tips in cryptocurrency via Coinbase’s crypto exchange and wallet. The first coins available as tips are the ones supported by Coinbase, including Bitcoin, Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). New coins will reportedly be added in the future along with new listings on Coinbase, as the crypto exchange and wallet announced it was examining the addition of five new coins in July.