Coinbase is here ... a digital currency exchange goes public
3 years, 11 months ago

Coinbase is here ... a digital currency exchange goes public

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Wall Street will be focused on Coinbase Wednesday with the digital currency exchange becoming a publicly traded company. “The Coinbase IPO is potentially a watershed event for the crypto industry and will be something the Street will be laser focused on to gauge investor appetite,'" Wedbush analyst Daniel Ives wrote this week. The Coinbase hype went into overdrive last week when the company reported estimates of its first-quarter results, including about $1.8 billion in revenue and net income between $730 million and $800 million. David Trainer, CEO of investment research firm New Constructs, said Coinbase has “little-to-no-chance of meeting the future profit expectations that are baked into its ridiculously high valuation.” Trainer last week put a valuation on Coinbase closer to $18.9 billion, arguing it will face more competition as the cryptocurrency market matures.

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History of this topic

Crypto is hugely popular. Coinbase global could be a takeover candidate.
3 weeks, 5 days ago

Crypto is hugely popular. Coinbase global could be a takeover candidate.

Live Mint  

Wall Street essentially owns much of the world. This past Sunday, Trump unexpectedly posted on Truth Social that Bitcoin, Ether, XRP, Solano, and Cardano would join the nation’s crypto strategic reserve. Coinbase trades at around 22 times 12-month trailing earnings and has a surprisingly large market value of about $52 billion. Intercontinental Exchange, which owns the New York Stock Exchange, …

Crypto Prices Dip After $1.5 Billion Theft From Bybit Exchange
1 month, 1 week ago

Crypto Prices Dip After $1.5 Billion Theft From Bybit Exchange

Live Mint  

-- Bitcoin and Ether prices dipped, while smaller tokens saw worse losses, as traders reacted to an almost $1.5 billion hack of the Bybit exchange that analysts say was the largest crypto theft ever. “As with past CEX failures, panic selling and liquidity disruptions followed, exposing the ongoing risks of centralized custody,” he added, using the “CEX” shorthand for centralized …

Coinbase says SEC has agreed to dismiss case against it, pending commission approval
1 month, 1 week ago

Coinbase says SEC has agreed to dismiss case against it, pending commission approval

Associated Press  

Coinbase says the Securities and Exchange Commission has dismissed its case against the cryptocurrency platform, pending commission approval. In its complaint, the SEC said Coinbase made billions acting as the middle man for cryptocurrency buyers and sellers but did not give investors lawful protections while acting as a broker. On Friday Coinbase posted on the social media platform X, claiming …

What’s next for Coinbase share price as bitcoin and cryptocurrency rises lead to improved earnings?
1 month, 2 weeks ago

What’s next for Coinbase share price as bitcoin and cryptocurrency rises lead to improved earnings?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cryptocurrency exchange platform Coinbase Global …

Brian Armstrong says Coinbase ‘needs to rethink listing process’, urges regulators to adapt to rapid crypto growth
2 months ago

Brian Armstrong says Coinbase ‘needs to rethink listing process’, urges regulators to adapt to rapid crypto growth

Live Mint  

Brian Armstrong, the CEO of cryptocurrency exchange Coinbase Global Inc. shared that the company needs to “rethink” how it lists and evaluates various coins as a host of new tokens are created each week. ‘Help Customers Swift Through Crypto Tokens’ Armstrong also noted that regulators need to step up and help customers swift through the barrage of tokens in the …

Court tells SEC to lay out why it has declined Coinbase’s request for crypto regulations
2 months, 2 weeks ago

Court tells SEC to lay out why it has declined Coinbase’s request for crypto regulations

Associated Press  

HARRSIBURG, Pa. — A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset sector — although the judges stopped short of reversing the agency’s decision. Asked for comment, a Coinbase spokeswoman pointed out a post on X by …

U.S. crypto exchange Coinbase adds three board members, including OpenAI executive
8 months ago

U.S. crypto exchange Coinbase adds three board members, including OpenAI executive

The Hindu  

U.S. cryptocurrency exchange Coinbase has added three new members to its board of directors, including an executive from ChatGPT-maker OpenAI, as the company steps up its efforts to sway U.S. crypto policy, Coinbase told Reuters on Thursday. Coinbase's move to expand its board comes as the company and cryptocurrency industry more broadly aims to make the industry a major political …

Coinbase plans private offering of $1 billion of convertible senior notes
1 year ago

Coinbase plans private offering of $1 billion of convertible senior notes

Live Mint  

Coinbase Global Inc., the largest cryptocurrency exchange in the United States, plans to raise $1 billion by offering convertible senior notes to qualified institutional buyers. In a statement released Tuesday, Coinbase said that the notes maturing in 2030 will be sold through a private offering to institutional investors. “The notes will be senior, unsecured obligations of Coinbase, will accrue interest …

Bitcoin breaches $68,000, nears its all-time high
1 year ago

Bitcoin breaches $68,000, nears its all-time high

Live Mint  

Bitcoin soared on March 5, reaching close to a two-year high of $68,300 early mark. This recent rally followed a 50 per cent increase in Bitcoin’s value so far in 2024, with most of the gains concentrated in the past few weeks. The rally in Bitcoin prices comes after the recent approval and the launch of spot Bitcoin exchange-traded funds …

The Last Man Standing in Crypto
1 year, 2 months ago

The Last Man Standing in Crypto

Live Mint  

Coinbase Global, the cryptocurrency exchange he co-founded in 2012, is one of the last big digital-asset companies standing after a string of high-profile collapses and government crackdowns. Assuming the judge allows the SEC’s suit to go forward, the company could litigate it into 2025 or longer before any trial is held, Paul Grewal, Coinbase’s chief legal officer, said in an …

BlackRock refiles Bitcoin ETF application after SEC flags ‘insufficiency’
1 year, 8 months ago

BlackRock refiles Bitcoin ETF application after SEC flags ‘insufficiency’

Live Mint  

BlackRock Inc., the world’s largest asset manager, has refiled an amended application with US regulators through Nasdaq for its exchange-traded fund focused on Bitcoin, Bloomberg reported. Nasdaq, on behalf of BlackRock, submitted new documents with the US Securities and Exchange Commission, naming Coinbase Global Inc. as the market to provide surveillance in support of the proposed ETF, the Bloomberg report …

U.S. steps up crypto crackdown with Coinbase suit
1 year, 9 months ago

U.S. steps up crypto crackdown with Coinbase suit

The Hindu  

In their second major action against a big crypto player in two days, U.S. regulators sued Coinbase on Tuesday, alleging its failure to register as a securities exchange venue exposed investors to risk. The Securities and Exchange Commission charged that the largest digital currency trading platform in the United States had made billions of dollars by "unlawfully facilitating the buying …

Securities cases against Binance and Coinbase could transform US securities jurisdiction in cryptocurrency
1 year, 9 months ago

Securities cases against Binance and Coinbase could transform US securities jurisdiction in cryptocurrency

ABC  

The top US securities regulator has sued cryptocurrency platform Coinbase. Key points: Binance is the latest cryptocurrency to be targeted by the US Securities and Exchange Commission The industry has argued tokens do not constitute securities and should not be regulated by the SEC SEC argues the whole business model is built on 'non-compliance' It is the second lawsuit in …

Coinbase targeted by SEC in latest shot at crypto firms for allegedly skirting securities laws
1 year, 9 months ago

Coinbase targeted by SEC in latest shot at crypto firms for allegedly skirting securities laws

Associated Press  

NEW YORK — Coinbase has been targeted by U.S. regulators in a new lawsuit Tuesday that alleges the cryptocurrency platform is operating as an unregistered securities platform and brokerage service. The lawsuit from the Securities and Exchange Commission comes only a day after it filed charges against Binance, the world’s largest crypto exchange, and its founder Changpeng Zhao are accused …

Crypto exchange Coinbase halts Bitcoin-backed loans
1 year, 10 months ago

Crypto exchange Coinbase halts Bitcoin-backed loans

The Hindu  

Cryptocurrency exchange Coinbase will no longer issue cash loans to users who could offer crypto as collateral, according to emails reportedly sent to customers and shared online. Coinbase’s Borrow programme let users take loans of up to a million dollars using Bitcoin as collateral. An email from the exchange shared online by some users noted that no new loans would …

Coinbase tumbles after SEC warns of securities violations
2 years ago

Coinbase tumbles after SEC warns of securities violations

Associated Press  

Shares of Coinbase tumbled 15% Thursday after the cryptocurrency trading platform received a warning from the Securities and Exchange Commission that it could face securities charges. The cryptocurrency trading platform said in an SEC filing late Wednesday that it had received a Wells Notice from the agency, which indicates that regulators believe laws protecting investors were violated. “We continue to …

Coinbase warns of ‘legal threats’ amid crypto crackdown fears
2 years ago

Coinbase warns of ‘legal threats’ amid crypto crackdown fears

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Leading crypto exchange Coinbase has said it received “legal threats” after asking US …

Coinbase swings to quarterly loss as crypto winter hits trading volumes
2 years, 1 month ago

Coinbase swings to quarterly loss as crypto winter hits trading volumes

Live Mint  

Coinbase Global Inc reported a loss for the fourth quarter on Tuesday, as trading volumes at the cryptocurrency exchange came under pressure from an industry-wide downturn triggered by a string of high-profile bankruptcies. Trading volumes at the crypto exchange in the fourth quarter plunged to $145 billion, compared with $547 billion a year earlier. "As macroeconomic indicators like inflation remained …

After Kraken, Coinbase announces to stop operations in Japan
2 years, 2 months ago

After Kraken, Coinbase announces to stop operations in Japan

India Today  

Due to uncertain market conditions in Japan, cryptocurrency exchange Coinbase Global Inc has planned to halt its operations in the country, as revealed in the official blog post of Coinbase on Wednesday. The company in its latest blog post also ensured to help customers withdraw their assets at the earliest convenience without any problem. Customers can choose to withdraw their …

Coinbase eliminates 20% of staff in latest round of layoffs
2 years, 2 months ago

Coinbase eliminates 20% of staff in latest round of layoffs

LA Times  

Coinbase is cutting roughly 950 jobs in a second round of layoffs. Coinbase Global is firing about 950 employees, or 20% of its workforce, as the worsening crypto slump spurs another round of layoffs at the biggest U.S. digital-asset exchange. “We also reduced headcount last year as the market started to correct, and in hindsight, we could have cut further …

Coinbase lays off around 20% of its workforce as crypto downturn continues
2 years, 2 months ago

Coinbase lays off around 20% of its workforce as crypto downturn continues

NPR  

Coinbase lays off around 20% of its workforce as crypto downturn continues Enlarge this image toggle caption Richard Drew/AP Richard Drew/AP The cryptocurrency exchange platform Coinbase is laying off 950 employees — around 20% of its workforce — due to the continued downturn in the crypto market and the broader economy, the company announced. Coinbase said it had around 4,700 …

Coinbase to pay $100M in settlement with New York regulators
2 years, 2 months ago

Coinbase to pay $100M in settlement with New York regulators

Associated Press  

NEW YORK — New York announced a $100 million settlement with Coinbase on Wednesday over what state officials called significant failures in the cryptocurrency trading platform’s systems for spotting potential criminal activity. According to the state Department of Financial Services, Coinbase’s anti-money-laundering program and its system for monitoring transactions for suspicious activity were inadequate for a company of Coinbase’s size …

Coinbase to pay $100M in settlement with New York regulators
2 years, 2 months ago

Coinbase to pay $100M in settlement with New York regulators

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy New York announced a $100 …

Coinbase tested group to speculate on crypto
2 years, 6 months ago

Coinbase tested group to speculate on crypto

Live Mint  

Coinbase Global Inc. has been searching for new ways to make money. Last year, Coinbase—which operates a large cryptocurrency exchange that handles bitcoin and other digital coins—hired at least four senior Wall Street traders and launched a group to generate profit, in part, by using the company’s cash to trade and “stake," or lock up, cryptocurrencies, according to people close …

Coinbase’s rapid rise left it exposed in crypto’s collapse
2 years, 7 months ago

Coinbase’s rapid rise left it exposed in crypto’s collapse

Live Mint  

Brian Armstrong, an early devotee of blockchain technology, built the cryptocurrency exchange Coinbase Global Inc. to be big. Coinbase raced to add employees even after the crypto market weakened this year, and sometimes before even deciding on the new hires’ responsibilities, according to former employees. In another quirk of the Coinbase culture, senior executives, including Emilie Choi, president and chief …

Coinbase faces SEC investigation on crypto listings; shares fall
2 years, 8 months ago

Coinbase faces SEC investigation on crypto listings; shares fall

Al Jazeera  

The drumbeat in Washington for US regulators to do more to oversee crypto has grown louder as digital currencies have tumbled from all-time highs. The probe by the SEC’s enforcement unit predates the agency’s investigation into an alleged insider trading scheme that led the regulator last week to sue a former Coinbase manager and two other people. While the agency …

Coinbase faces SEC probe over unregistered securities
2 years, 8 months ago

Coinbase faces SEC probe over unregistered securities

LA Times  

The U.S. Securities and Exchange Commission headquarters. The investigation by the SEC’s enforcement unit predates the agency’s inquiry into an alleged insider trading scheme that led the regulator last week to sue a former Coinbase manager and two other people. Although the agency didn’t allege wrongdoing by Coinbase, the SEC said it had determined that nine of the dozens of …

Coinbase slashes 1,100 jobs as crypto winter sets in
2 years, 9 months ago

Coinbase slashes 1,100 jobs as crypto winter sets in

The Hindu  

Coinbase Global Inc will cut about 1,100 jobs, or 18% of its workforce, the cryptocurrency exchange said on Tuesday, the latest company preparing to ride out a downturn in the cryptosphere. A recession could lead to another crypto winter, and could last for an extended period," Chief Executive Officer Brian Armstrong said in a blogpost. The crypto market meltdown has …

Coinbase Global plans to cut 1,100 jobs, or 18% of staff
2 years, 9 months ago

Coinbase Global plans to cut 1,100 jobs, or 18% of staff

Associated Press  

Coinbase Global says it plans to cut about 1,100 jobs, or approximately 18% of its global workforce, as part of a restructuring in order to help manage its operating expenses in response to current market conditions. The cryptocurrency trading platform said in a regulatory filing that it expects to have about 5,000 total employees at the end of its current …

Coinbase sacks 18% of staff and warns of ‘crypto winter’
2 years, 9 months ago

Coinbase sacks 18% of staff and warns of ‘crypto winter’

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Crypto exchange Coinbase will sack 18 per cent of staff amid fears of …

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter
2 years, 9 months ago

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter

NPR  

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter Enlarge this image toggle caption Richard Drew/AP Richard Drew/AP The cryptocurrency exchange platform Coinbase laid off about 18% of its workforce — or about 1,100 people — on Tuesday, the company announced. Coinbase CEO and cofounder Brian Armstrong blamed an impending recession in the U.S. and …

Coinbase India hiring: Recruiter, whole team clueless on what’s happened
2 years, 9 months ago

Coinbase India hiring: Recruiter, whole team clueless on what’s happened

Live Mint  

As Coinbase Global Inc extends its hiring freeze for the foreseeable future, Gaurav Rawal, a 24-year-old software engineer from Bengaluru says his offer was rescinded days before his start date. “The whole Indian team was clueless on what’s happened.” A hiring freeze could spell further trouble for growth at Coinbase, especially when it comes to global expansion. Two months back, …

Coinbase may slow on India hiring after announcing plans to triple headcount
2 years, 10 months ago

Coinbase may slow on India hiring after announcing plans to triple headcount

Live Mint  

US-based crypto trading firm Coinbase said it will slow down hiring after the current market downturn, its President and Chief Operating Officer Emilie Choi informed in a blog post while sharing an update on the firm's hiring plans. In April, Coinbase's Chief Executive Officer Brian Armstrong had said in a blog post that the company is planning to quadruple the …

Coinbase loses half its value in a week as crypto slumps
2 years, 10 months ago

Coinbase loses half its value in a week as crypto slumps

Associated Press  

— Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. It’s unlikely those results surprised investors — shares Coinbase Global Inc. declined 43% in the four days leading up to their earnings release Tuesday. Like much of …

Coinbase plunges to new lows as cryptocurrency skepticism spreads
2 years, 10 months ago

Coinbase plunges to new lows as cryptocurrency skepticism spreads

Al Jazeera  

Shares plunged 23% to $56.04 in New York, a far cry from its first-day closing price of $328.28 last April. Coinbase Global Inc. shares and bonds fell to new lows Wednesday, signaling investor skepticism about the prospects of the crypto exchange in a bear-market. Shares plunged 23% to $56.04 as of 10:17 a.m. in New York, a far cry from …

Coinbase dips after reporting lower-than-forecast revenue
3 years, 4 months ago

Coinbase dips after reporting lower-than-forecast revenue

Al Jazeera  

Coinbase posted revenue of $1.24bn, lower than the $1.57bn forecast by analysts. Coinbase Global Inc. shares fell nearly 12% in postmarket trading after the biggest U.S. cryptocurrency exchange reported third-quarter results that missed Wall Street’s estimates. Coinbase, which blamed market turbulence and lower prices in a part of the third quarter, posted revenue of $1.24 billion, lower than the $1.57 …

Coinbase faces SEC lawsuit over ‘mystery’ issues with crypto lending
3 years, 6 months ago

Coinbase faces SEC lawsuit over ‘mystery’ issues with crypto lending

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Leading crypto exchange Coinbase is facing legal action from the US Securities and …

Cathie Wood’s Ark Investment buys $246 mn worth of Coinbase stock on debut
3 years, 11 months ago

Cathie Wood’s Ark Investment buys $246 mn worth of Coinbase stock on debut

Live Mint  

Three funds at Cathie Wood’s Ark Investment Management bought shares of the biggest U.S. cryptocurrency exchange Coinbase Global Inc. on its highly anticipated trading debut Wednesday. The flagship Ark Innovation ETF, Ark Fintech Innovation ETF and Ark Next Generation Internet ETF bought a combined 749,205 shares of Coinbase, according to data released by the funds in an email. Coinbase’s stock …

Photo of Coinbase’s 2012 founding in a San Francisco apartment goes viral as shares hit $112bn
3 years, 11 months ago

Photo of Coinbase’s 2012 founding in a San Francisco apartment goes viral as shares hit $112bn

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A photo of the …

Coinbase Valued At $86 Billion In Choppy Nasdaq Debut
3 years, 11 months ago

Coinbase Valued At $86 Billion In Choppy Nasdaq Debut

News 18  

Coinbase Global Inc was valued at $86 billion at the end of its Nasdaq debut on Wednesday, in a choppy day of trading when its valuation went as high as $112 billion. Coinbase’s stock market debut, done through a direct listing where no shares are sold ahead of the opening, marks another milestone in the development of bitcoin and other …

How high will Coinbase stock go? Cryptocurrency firm soars past $112 billion in IPO
3 years, 11 months ago

How high will Coinbase stock go? Cryptocurrency firm soars past $112 billion in IPO

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Coinbase stock soared to …

Coinbase Makes Its Debut—and Bitcoin Arrives on Wall Street
3 years, 11 months ago

Coinbase Makes Its Debut—and Bitcoin Arrives on Wall Street

Wired  

Physicists are constantly rethinking how bubbles burst. Today’s Coinbase is based around buying and selling coins like bitcoin and taking fees for it; the future Coinbase is built on something grander, involving more coins and a wider array of cryptocurrency-infused products, like NFTs and “decentralized” loans. This was never exactly a secret, but the documents for its public listing reported …

Coinbase Listing Marks Latest Step in Crypto's March to the Mainstream
3 years, 11 months ago

Coinbase Listing Marks Latest Step in Crypto's March to the Mainstream

News 18  

The listing is by far the biggest yet of a cryptocurrency company, with the San Francisco-based firm saying last month that private market transactions had valued the company at around $68 billion this year, versus $5.8 billion in September. Founded in 2012, Coinbase boasts 56 million users globally and an estimated $223 billion assets on its platform, accounting for 11.3% …

Coinbase valued at $100bn in stock market debut
3 years, 11 months ago

Coinbase valued at $100bn in stock market debut

The Telegraph  

Cryptocurrency exchange Coinbase made Wall Street history when it began trading on the Nasdaq last night at $381 per share, giving it a value of $99.6bn. Coinbase is the largest cryptocurrency exchange in the US, allowing ordinary consumers to use fiat currency to buy and sell Bitcoin and lesser known coins including Ether, Dash, Litecoin, Mana, Stellar and SushiSwap. It …

Coinbase, A Bitcoin Startup, Goes Public. Is Crypto Really The 'Future Of Finance'?
3 years, 11 months ago

Coinbase, A Bitcoin Startup, Goes Public. Is Crypto Really The 'Future Of Finance'?

NPR  

Coinbase, A Bitcoin Startup, Goes Public. Enlarge this image toggle caption Rafael Henrique/SOPA Images/LightRocket via Getty Images Rafael Henrique/SOPA Images/LightRocket via Getty Images Coinbase, a San Francisco startup that allows people to buy and sell digital currency, became the first major cryptocurrency company to go public when it made its stock market debut on Wednesday. Coinbase's mission: Build the "the …

Crypto watershed: Coinbase debuts on the Nasdaq
3 years, 11 months ago

Crypto watershed: Coinbase debuts on the Nasdaq

Al Jazeera  

On Wednesday, cryptocurrencies took a huge stride towards the mainstream when digital currency exchange Coinbase Global Inc became the first major crypto-centred startup to list on a United States exchange. Well on Wednesday, crypto doubters received another major blow, when digital currency exchange Coinbase Global Inc became the first major crypto-centred startup to start trading on a United States exchange. …

Is Coinbase’s mega-bucks flotation really a watershed moment for cryptocurrencies?
3 years, 11 months ago

Is Coinbase’s mega-bucks flotation really a watershed moment for cryptocurrencies?

The Independent  

Coinbase’s rapidly approaching market debut has been touted as a coming of age for the cryptocurrency industry. From the windows of the hype train, you could even see the company rising above the combined value of Intercontinental Exchanges, which owns the New York Stock Exchange among others, and the London Stock Exchange Group. “Digital currency right now is having its …

Bitcoin Hits Record Before Landmark Coinbase Listing on Nasdaq
3 years, 11 months ago

Bitcoin Hits Record Before Landmark Coinbase Listing on Nasdaq

News 18  

Bitcoin hit a record of $62,741 on Tuesday, extending its 2021 rally to new heights a day before the listing of Coinbase shares in the United States. “When bitcoin markets create new highs the price often range-trades and we witness a round of profit-taking,” said James Butterfill of digital asset manager CoinShares. “During this most recent period have witnessed a …

Bitcoin leaps to all-time high ahead of $100bn Coinbase IPO
3 years, 11 months ago

Bitcoin leaps to all-time high ahead of $100bn Coinbase IPO

Al Jazeera  

In one of the most potent signs of Wall Street’s growing acceptance of cryptocurrencies, Coinbase will list on the Nasdaq on April 14 at a valuation of about $100bn under the ticker symbol COIN. Bitcoin jumped to an all-time high as the mood in cryptocurrencies turned bullish ahead of Coinbase Global Inc.’s listing this week. Coinbase’s public debut this week …

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