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The People’s Bank of China (PBOC) has accepted the concept of cryptocurrency with their introduction of the digital yuan, now Bitcoin is viewed as an investment alternative.
While there’s been a lot of noise around the pump and dump by Coinbase insiders and executives, it turns out they sold only a minority stake of their total liquidity holdings in the company.
Earlier this week, Branson sold 5,584,000 shares of his company between April 12 and 14. According to SEC filing, the shares were worth approximately $150.3 million.
The price of Dogecoin made 84.7% of its surge in the last 24 hours having recorded $0.28 as its highest price point before falling back to its current price point of $0.24.
Consumer spending soared last month on the backdrop of strong retail sales. On the other hand, stocks rallied as the 10-year Treasury dropped 8 basis points.
The general losses in the stock market were cushioned by bank shares after their better-than-expected earnings releases.
The DPO gave Coinbase employees and stakeholders immediate access to sell shares at a market-based price.
Garry Tan was among the first in the VC space to lend a check for working capital as demand for the Coinbase App soared in the early days of 2013.
The ongoing cryptocurrency bull market has significantly been attributed to different aspects including global Bitcoin adoption by institutional investors.
As Coinbase investors are celebrating the market debut of the trading platform, it is pertinent to beware of the stiff competition that will be wielded by other trading platforms plying their trade in the US
While the announcement negatively impacted JNJ shares, the overall outlook in tech stocks was bullish.
In a massive price rally, ETH has moved all the way to $2400 registering over 200% gains since the beginning of 2021.
Upon a successful DPO, Coinbase will be the first crypto exchange to go public.
Binance’s new trading stocks tokens feature has received a positive response from users worldwide with the TSLA/BUSD trading pair seeing strong volumes. The new feature allows global investors to participate in traditional stock markets.
On some level, the Coinbase Nasdaq listing solves this problem for Bitcoin. Upon listing, traditional investors would have indirect access to the crypto sector through the Coinbase platform.