Coinbase is said to be valued at around $65.3 billion on a fully diluted basis with a reference price of $250.
Upon a successful DPO, Coinbase will be the first crypto exchange to go public.
AppLovin says that the money raised will be spent on repaying a collective $1.6 billion debt, entering into strategic partnerships, and making tactical acquisitions.
JPMorgan says that the widening gap between the Bitcoin spot price and the futures price is an indication institutional investors are yet to fully access the cryptocurrency market.
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.
Ahead of the direct listing of Coinbase stock tomorrow, this article profiles some basic things to consider before buying COIN shares.
The announcement has negatively affected the shares of Intel (INTC) as they closed yesterday’s trading session down 4.18%.
Satya Nadella, the CEO of Microsoft, explained that the high level of acceleration in the digital transformation influenced their acquisition as Nuance has a health care tool that can play a key role.
During the past three months, Coinbase recorded a revenue of approximately $1.8 billion in comparison to $190 million recorded in the same time last year.
When gauging its performance in February, Nvidia said its revenue for the fiscal first quarter, which ends in May, would total $5.3 billion. However, the company revised the data provided at that time and concluded that its potential is much better than this figure.
The new NYSE NFTs are available for sale on Crypto.com and represent the first trade of different public listed companies on the exchange.
Binance will use its BUSD stablecoin to price the tradable stock token.
Alibaba Group has been handed a record fine of $2.8 billion, but interestingly, its shares started pulling some positive numbers after the news.
The Biden administration is advertent on the threats the digital yuan poses to the US dollar and its status as the world’s economic power. This follows a heightened effort from China to launch its CBDC early next year.
With the recent explosion in the NFT market, Topps is seeing an encouraging trend and demand for NFTs. However, the company said that the pandemic reignited the demand for physical cards pushing Topps’ sales 23% north last year.