The company has benefited a lot from the 2020 market but had lost money in 2019. As Coinbase plans to pursue a direct listing on the stock market, which would see its existing shares be traded on United States stock exchanges, the exchange has submitted an S-1 report to the Securities and Exchange Commissio, which…
Read more
A new poll has found that 42% of Brits believe it is now safe to invest in cryptocurrency. A new poll carried out by Piplsay has found that 41% of Brits now believe there is an equal amount of risk to investing in cryptocurrencies as the stock market. The survey of 6,070 British residents above…
Read more
Bitcoin topping $19,400, altcoins rallying by triple digits and the Dow setting an all-time high at 30,000 show bulls are running all corners of every market. On Tuesday the bulls showed that they are in full control of the crypto market as Bitcoin (BTC) rallied to $19,418.97 and several top-10 altcoins went on a double-digit…
Read more
Fidelity’s report claiming Bitcoin as a non-correlated asset draws discussions, as not all agree with the assessment. A recent report from institutional crypto firm Fidelity Digital Assets concluded that Bitcoin (BTC) shows very little price correlation to mainstream financial assets, based on data from the past five years. Over the course of 2020, Bitcoin has…
Read more
Mainstream investors apparently liked the company’s turn towards crypto. PayPal (PYPL) reached $215.87 on Oct. 21, a few dollars past its previous all-time high of $212.38, set on Sept. 2, 2020, according to data from TradingView. This price action came shortly after the payments company announced that it would soon be including crypto assets on its platform. PayPal plans to…
Read more
The new blockchain-based system will replace the existing CHESS system The Australian Securities Exchange will delay its blockchain-based CHESS replacement after huge trading volumes due to the pandemic required a massive expansion of capacity. The DLT- based system had been scheduled for official trials in December, with a planned launch window of early 2022. At…
Read more
He felt his money would do better in a different type of investment. When it comes to choosing between blockchain and more traditional investments, the grass may be greener in the stock market, said Peter Brandt — the CEO of proprietary trading firm, Factor LLC. He went on to note, however, that it all depends…
Read more
He then proceeded to beg crypto traders to switch to the stock market instead. “I’m begging my crypto friends to get involved in the stock market,” Portnoy, also known as Davey Day Trader, said in a Sept. 2 tweet. “Bitcoin is stuck in the mud,” he explained, adding: “Let me lead you. We will get…
Read more
Describing the current economic state, including pending inflation, Anthony Pompliano noted exiting cash into other assets as the key to wealth. During a recent YouTube livestream, Morgan Creek Digital co-founder and crypto expert Anthony Pompliano detailed the current post-COIVD-19 economy, noting the U.S. government’s money printing and spending efforts. “There is a devaluation of…
Read more
News of a potential Coinbase stock market listing comes amid current bullish mainstream market conditions. Amid a bullish mainstream market, news of Coinbase’s reported traditional stock market listing could prove timely alongside other companies similar public listing efforts. “When good times are rollin in the stock market, people want to get in there,” Morgan Creek…
Read more
