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“#How Coinbase CEO Brian Armstrong weathered clash over BLM” Coinbase’s landmark stock listing has made billionaire CEO Brian Armstrong an instant icon of the cryptocurrency revolution — but his last major turn in the spotlight came from a dustup over the Black Lives Matter movement. While the crypto exchange’s 38-year-old co-founder reportedly keeps a low…
“# Balancer (BAL) price soars to new all-time high: What’s driving the rally? ” BAL, the native cryptocurrency of Balancer, the popular automated market maker (AMM) utilized by many DeFi users to trade cryptocurrencies, has surged to new record highs above $70 on April 15. BAL/USDT 1-day price chart (Binance). Source: TradingView.com There are two…
“#Kevin Durant scores huge return on Coinbase investment” Kevin Durant sat out Wednesday night — as his bank account soared. On Wednesday, the Nets star saw his Coinbase investment pay off when the digital currency exchange platform hit the public markets with a whopping $86 billion valuation. It marks Durant’s largest investment victory to date with…
“# COIN recap: Comparing Coinbase’s first day to other major public listings ” American crypto exchange giant Coinbase went public on Wednesday with a direct listing on Nasdaq. The company’s performance on day one has been hailed as being positive overall, with Coinbase becoming the most valuable exchange in the United States ahead of legacy players…
“# Finance officials pour cold water on cryptocurrency amid Coinbase celebrations ” Finance officials from both sides of the globe are taking the opportunity to criticize the value and utility of cryptocurrencies as media focus intensifies on the space following Coinbase’s direct listing on the Nasdaq. Bank of Korea governor Lee Ju-yeol said cryptocurrencies had…
“# ARK buys $246M of Coinbase stock, adds COIN to three ETFs ” Three exchange-traded funds offered by Cathie Wood’s ARK Invest purchased 749,205 shares in Coinbase Global, Inc (COIN) worth roughly $246 million combined. The ARK Innovation ETF (ARKK) now holds 512,535 COIN shares, while the ARK Next Generation Internet ETF (ARKW) purchased 147,081…
“# Garry Tan’s 2013 investment of $300K in Coinbase is now worth $2.4B ” Garry Tan, a prominent angel investor and the founder of Initialized Capital, was one of the first investors to provide seed funding to Coinbase eight years ago. Less than a decade later, and after today’s highly anticipated Nasdaq listing for Coinbase’s…
“# Coinbase adds hidden message with political undertones to BTC blockchain on day of IPO ” The crypto exchange, whose CEO has previously dissuaded employees from expressing political views, started its initial public offering off with a message referencing U.S. President Joe Biden’s stimulus package. According to Coinbase, the crypto exchange had mining pool F2Pool…
“# Bitcoin price drops to near $61K shortly after COIN lists on Nasdaq ” Following months of build-up and speculation, Coinbase (COIN) listed on the Nasdaq and in true cryptocurrency fashion, opening day trading was a volatile affair that may have had a widespread effect on the cryptocurrency market. COIN’s reference price was initially $250…
“# Coinbase stock looks to find its footing at $350 following explosive open ” Shares of digital currency exchange Coinbase (COIN) opened at $381 Wednesday — significantly higher than its pre-listing reference price of $250 — underscoring heightened institutional demand for the crypto-focused stock. The $381 value put Coinbase’s market capitalization at $99.6 billion on a fully…