Scaramucci surprised at lack of banking response to Coinbase listing

After much anticipation, Coinbase listed on the Nasdaq on Wednesday via a direct listing. Skybridge founder Anthony Scaramucci thinks the event should have been met with more attention from banks.  “What I’m surprised about frankly is there isn’t a wake-up call at the banks, the commercial banks, like there was for the Netscape IPO in 1995 at microsoft,” Scaramucci told CNBC on Friday after noting Coinbase’s connection with Bitcoin, in line with the asset’s growth and technical framework. He added: “Bill Gates thought the internet was a fad. He then…

Cathie Woods’ Ark buys a further $110M worth of Coinbase shares

Three exchange-traded funds, or ETFs, offered by Cathie Wood’s Ark Invest, including the flagship Ark Innovation ETF, all added further shares in Coinbase Global Inc. (COIN) to their positions on Thursday, April 15. According to a report from Reuters, the Ark Innovation ETF, Ark Next Generation Internet ETF, and Ark Fintech Innovation ETF purchased a combined total of 341,186 shares, valued at $110 million at the close of trading on April 15, with each share valued at $322.75. The previous day, the three ARK funds had together accumulated 749,205 COIN shares,…

Coinbase listing scorned, graphics cards seized, nostalgia coins rule

It was a relatively quiet week in China’s blockchain space as events were overshadowed by the surge in the BTC price and the Coinbase direct listing in the U.S. Many locals reacted with surprise to the news, showing that exposure to cryptocurrencies is still relatively isolated in the world’s most populous country. Many netizens responded skeptically to the Coinbase story, with news aggregation account “Jiemian” on Weibo calling Bitcoin a scam, highlighting its connection to terrorists, and encouraging investors to stick to China’s A-shares. (For a quick comparison, the Shanghai…

Coinbase (COIN) Stock Gets 8% Upsurge in Pre-market after Wall Street Debut

Following its Wall Street debut, Coinbase has toppled CME Group as the most valuable trading platform in the US. American cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has recorded an impressive 8.21% upsurge in the pre-market today, complementing its yesterday’s Wall Street debut performance. Coinbase stock closed yesterday up 31.31% to $328.28 and the outperforming run in the Pre-market has sent the shares to $354.50. While the Coinbase Wall Street debut was marked by extreme volatilities pushing the stock from the opening price of $381 per share to an intraday…

Coinbase Investor Ron Conway Calls Crypto Economy ‘Next Multitrillion-Dollar Opportunity in Innovation’

Ron Conway said that America should focus on the crypto economy and create more jobs in the country. Prominent tech investor Ron Conway referred to the crypto economy as “the next multitrillion-dollar opportunity in innovation.” Conway is an early investor in crypto exchange Coinbase Global Inc (NASDAQ: COIN) and high-profiled tech companies like Google LLC (NASDAQ: GOOG), Facebook Inc (NASDAQ: FB), and Airbnb Inc (NASDAQ: ABNB). Conway on Crypto Economy Conway aired his belief on the gradual expansion in the crypto economy in a recent interview with CNBC’s TechCheck. According…

Ark Invest Makes Early Investment in Coinbase Shares

The listing of Coinbase (COIN) is of much interest in the cryptocurrency industry. It is believed that this will expose cryptocurrency to mainstream investors. Ark Investment Management has made a big investment in Coinbase Global Inc (NASDAQ: COIN) shares on its debut on Wednesday. The three funds at Ark Investment Management namely, Ark Generation Internet ETF, Ark Fintech Innovation ETF, and Ark Innovation ETF, made a combined purchase worth $246 million at $328.28 for each Coinbase (COIN) share. This implies they purchased a total of $748,205 shares of the largest…

BITCOIN Price Prediction 2021 (ARK Invest)| Bitcoin Price to $ 500,000!| Is Bitcoin (BTC) a BUY NOW?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BITCOIN Price Prediction 2021 (ARK Invest)| Bitcoin Price to $ 500,000!| Is Bitcoin (BTC) a BUY NOW? #Bitcoin #ArkInvest #BitcoinPricePrediction2021 Insane Bitcoin Price Prediction 2021, What is the Bitcoin Price Prediction for Bitcoin By 2021? What Price will Bitcoin reach ? Is Time to buy Bitcoin right now? Online there are many massive and insane Bitcoin Price Prediction by 2021 and for the next few years as Bitcoin (BTC) is approaching the old highs made in 2017. Cathie Wood from Ark Invest…

Coinbase (COIN) Shares Close at $328.28 in Market Debut, Exchange at $85.5B Market Cap

The DPO gave Coinbase employees and stakeholders immediate access to sell shares at a market-based price.  Crypto exchange Coinbase (COIN) shares closed at $328.28 following its direct public offering (DPO) on the 14th of April. After a successful market debut on Nasdaq, the crypto exchange stood at an $85.8 billion market capitalization on a fully diluted basis. On the other hand, the exchange closed the day at $62 billion, ruling out options and restricted stock units. Now, Coinbase is listed on Nasdaq and is available for trading under the ticker…

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 “considerable limitations” as a method of payment, following a monetary policy meeting on Thursday, reports local outlet KBS World. While asserting that it was difficult to accurately value cryptocurrencies due to their volatile price fluctuations, Lee said the BOK had not shifted on its stance that they…

Here’s How Coinbase Early Investor Garry Tan Turned His $300,000 into $2.4B Fortune

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. On Wednesday, April 14, Coinbase (COIN) stock debuted on the Nasdaq exchange with the company’s listing valuations at $86 billion. Coinbase is the first major crypto business to debut on Wall Street and thus the euphoria in the crypto community was high. COIN stock debuted at $381 per share and closed at $328 in a choppy market on Wednesday. However,…