The growing adoption of Bitcoin by large institutions is also a factor that affects the expansion of the crypto market.
With almost 3 times the revenue predicted by market analyst DA Davidson, Coinbase is likely heading for a bumper listing next week. Da Davidson pegs COIN stock price to $400+ per share.
CZ said he had sold his apartment to buy Bitcoin some years ago. Moreover, he also left his job back then.
As the crypto industry continues to become mature every passing year, the CCI will now work on getting all participants together on a common platform through education and guidance.
Coinbase revealed that the price of Bitcoin and the volatility of crypto assets influenced its MTUs and trading volume.
Bitcoin (BTC) has been the hot topic of discussion for some of the top financial companies in the US. Big giants are already giving six-figure targets for BTC and expecting it to overtake gold in the long term.
Credit Suisse has revealed it expects a huge loss in Q1 of 2021. The Zurich-based lender was one of the highest hit firms following the Archegos Capital fund saga. It has since proposed a cut to its dividend and seen several executives depart.
Amid the ongoing growth in the crypto space,100 crypto projects have reached a $1 billion market valuation.
With stellar results for the first quarter of this year, analysts have turned bullish and upgraded the Tesla stock price expecting returns of 40-60% by the end of this year.
A new report from Business Insider stated that data of over 500 million Facebook users was leaked and uploaded online for free. However, Liz Bourgeois who heads communications at FB stated that this was an old vulnerability patched in August 2019.
Tesla has enjoyed a good reign as the top EV manufacturer in the world but that position might be flipped in no time as many competitors are entering the evergreen electric vehicle industry space.
The record high attained by the S&P 500 as well as the other market indices rode on the back of strong gains in the tech sector as led by the FAANG stocks on Thursday.
Morgan Stanley said that nearly 12 of its mutual fund’s portfolios will get Bitcoin exposure either through cash-settled futures or via Grayscale.
Through the JUST NFT Fund, Sun has now acquired notable digital artworks including one from Beeple.
Coinbase public listing is a major milestone for the overall crypto community and will likely push more crypto firms to make their way to Wall Street. This will further boost new developments in the crypto space and bring legitimacy to the overall market.