Coatue also marked down its stake in MoonPay by 90% Source
OpenSea Investor Coatue Cuts NFT Marketplace's Valuation by 90%: Report
Tag: Report
Stablecoin issuer Circle weighing up 2024 public launch: Report
USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg. A Nov. 7 Bloomberg report citing people with knowledge of the matter said the stablecoin issuer is talking to its advisers about the move but there’s no certainty the deliberations will result in a public listing. Circle first agreed to go public in a $4.5 billion merger with Concord Acquisition in July 2021 but that deal fell through. “Becoming a U.S.-listed public company has long been part of Circle’s strategic aspirations,” a…
Marathon, Riot among most overvalued Bitcoin mining stocks: Report
Bitcoin (BTC) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud. The key metric backing Mellerud’s claim is enterprise value-to-sales ratio — measuring a company’s value to its sales revenue. The higher the ratio, the more overvalued a company is. The miners with the highest EV/S ratios are Cipher at 7.8, Marathon and Iris Energy each at 5.6 and Riot at 5.5, according to a Nov. 3 report by Mellerud. Mining stocks valuation…
Coinbase.com (COIN) Blocked in Kazakhstan for Breaking New Digital Assets Law: Report
“The Information Committee of the Ministry of Culture and Information received a request from the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan with a request to block the Internet resource www.coinbase.com, which violates paragraph 5 of Article 11 of the Law of the Republic of Kazakhstan ‘On Digital Assets in the Republic of Kazakhstan,’” the ministry told the outlet. Source
Kazakhstan’s authorities confirm they blocked access to Coinbase: Report
The Ministry of Culture and Information of Kazakhstan has officially confirmed they have blocked the Coinbase website in the country. The authorities of Kazakhstan have been blocking local IPs’ access to Coinbase since September at least. According to a Nov. 7 report from a local news outlet, Kursiv, access to the Coinbase website was blocked by an order of the Ministry of Culture and Information. Ministry representatives explained to journalists that the request came from a different government body, the Ministry of Digital Development, which accused Coinbase of violating the…
BNB Smart Chain scam losses dropped 75% in Q3: Report
Scams facilitated on BNB Smart Chain (BSC) decreased from $55.4 million in the second quarter of 2023 to $13.6 million in the third quarter, according to an AvengerDAO report contributed to by security firm HashDit. This represents a 75% drop in the amount lost to scams. According to the security firm’s analysis, the drop can be attributed to various factors, including an increase in overall awareness among community members, an uptrend in security products flagging malicious websites and activities, and community members identifying scams early and giving warnings before the…
Indian Police Arrest 8 Suspects, Including 4 Cops, in $300M Crypto Scam: Report
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…
Binance’s spot trading market share falls to 40% in 2023: Report
Crypto exchange Binance’s market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago. According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. “Binance’s spot trading volume has seen a significant decline in the past year, perhaps due to its listing strategy,” researchers wrote, “Most popular coins experienced a downturn immediately after being listed on Binance.” At the same time, Korean crypto exchange Upbit saw the most…
ApeFest Attendees Report Severe Eye Burn. BAYC Says Less Than 1% Have Symptoms
Attendees of a ApeFest, an event hosted by Bored Ape Yacht Club creators Yuga Labs, have been receiving medical care after reporting blurred vision and burning eyes. Source
ApeFest attendees report ‘extreme pain’ and vision problems after event
Attendees of a Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong have reported burns, damaged vision and “extreme pain” in their eyes, which they attribute to the use of improper lighting. “Woke up in the middle of the night after ApeFest with so much pain in my eyes that I had to go to the hospital,” wrote one attendee, CryptoJune, in a Nov. 5 X (Twitter) post. Woke up in the middle of the night after Apefest with so much pain in my eyes that I had to go…