Day: February 26, 2021

A Cryptocurrency Exchange Gets Listed on a Stock Exchange

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In an ironic twist, America’s largest cryptocurrency exchange Coinbase, looks set to be listed on a stock exchange.  And while Coinbase deals in cryptocurrencies, it sure makes a lot of fiat ones, three hundred million give or take, according to a regulatory filing. The size of Coinbase’s business was revealed in regulatory filings, showing that the cryptocurrency exchange generated some US$1.3 billion in revenue last year, up a staggering US$534 million from the year before, and allowing Coinbase to turn a profit of US$322 million. Coinbase’s listing, the first for a…

Coinbase S-1 Filing Details Shows Company Is Ready for Public Market

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According to the detail provided, founder and Chief Executive Officer Brian Armstrong reportedly earned $60 million in the 2020 fiscal year. Details shared by American cryptocurrency exchange Coinbase in its S-1 filing with the Securities and Exchange Commission (SEC) is evident the company is set to the public markets. The cryptocurrency industry is just a bit more than a decade old but many players in the space are making waves, per revenue and income accruals. One of the high points of the filing is the extensive growth in both retail…

Ethereum to $20,000 In 2021!!! FEES REACHING ALL TIME HIGHS!! MORE $$ THAN BITCOIN!!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum & Bitcoin Technical analysis, news, price predictions and more! SUBSCRIBE: ⏰ Timestamps Intro: (0:00) Market review – Beautiful sea of red: (0:57) Ethereum technical analysis: (2:03) Ethereum technical analysis: (2:41) Ethereum on lower timeframes: (3:52) Bitcoin on lower timeframes: (4:45) Universities are buying Bitcoin: (6:07) Ethereum smashing Bitcoin in daily fees: (7:10) No bull bull run until more USD spot inflows: (8:36) More crypto news: (9:22) 📈Looking to have a profitable strategy? Know roughly when to buy/sell alts/bitcoin? Make a few…

FCA releases detailed 5-point plan to make UK a fintech powerhouse

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Upon the announcement of the United Kingdom budget for 2020, Chancellor Rishi Sunak commissioned Ron Kalifa to conduct an independent review of the U.K. fintech sector. On Friday, eight months later, the FCA published the 108-page report, and it contains multiple clear guidelines aimed at cementing the U.K.’s position as a fintech powerhouse. Over $95 billion was spent by U.K. fintech firms in 2019, and with 10% of the global market share, the U.K. is already ahead of the curve when it comes to fintech adoption and business. Investments in…

Fungram LTD Has Applied for Exempt Offering of Securities From the SEC – Press release Bitcoin News

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press release PRESS RELEASE. On January 26, 2021, Fungram LTD, as a comprehensive blockchain enterprise serving the world, has applied for an Exempt Offering of Securities from the U.S. Securities and Exchange Commission (SEC). Based on the three major ecological sectors, DeFi lending system, encrypted index platform, and decentralized wallet, Fungram will provide a smart and open financial application ecosystem with a low access threshold for everyone and will provide a fast channel for the commercialization of cryptocurrency. In the future, by using Fungram’s mobile applications, users will be able…

How Elon Musk Became Champion of Doge 

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By February 10, the Doge rally began to fade slowly. On February 15, Musk called upon Doge whales to sell their coins in order to decrease the asset’s concentration. Lately, Elon Musk has been a fixture in headlines around the world because of what he has been saying about cryptocurrencies. When he tweets, people pay attention, and in the case of cryptocurrency, when he talks about assets, their prices rise. When Tesla announced it would be buying $1.5 billion worth of Bitcoin, many speculated that it could trigger a chain…

Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report – Security Bitcoin News

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A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly. Only 8% of the Funds Were Transferred to Exchanges With Verification Procedures in 2020 Per the findings, in 2020, the firm said that cybercriminals attempted to withdraw stolen and scam-sourced digital assets at a rate of 13x faster than five years ago. Interestingly, in 53% of the cases, exchanges with verification requirements were the major destinations of…

Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries

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Since the start of 2021, Bitcoin (BTC) price has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high at $58,300. However, an interesting phenomenon is that even with many global cryptocurrency exchanges in existence, BTC’s price can still vary greatly depending on geography. This raises an intriguing question. How can Bitcoin price simultaneously trade at $53,047 in Malaysia, $49,727 in Singapore, $51,133 in India, and over $86,000 in Nigeria? Is the reason simply a temporary imbalance between buyers and sellers,…

DigitalOcean Becomes Latest Company to File for IPO

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DigitalOcean has filed to go public on the New York Stock Exchange under the ticker symbol “DOCN.” DigitalOcean joins Coinbase in a list of tech companies listed this wee DigitalOcean, a cloud service provider and hosting company, has filed a registration statement for a proposed Initial Public Offering (IPO). The tech company joins a long list of tech companies looking to capitalize on the current stock frenzy. More specifically, DigitalOcean is the second high-profile tech company to push for listing after Coinbase. The crypto exchange on Thursday opened its books…

Coinbase and Blockfi Explained

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase Referral Link – Blockfi Referral Link – ProfitMakers.trade is not a registered investment, legal or tax advisor or a broker/dealer. All tax/investment/financial opinions expressed by ProfitMakers.trade are from the personal research and experience of the individuals contributing on the content and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended error and misprints may occur. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version