ETF investors say Coinbase listing will cause explosion in crypto investing CNBC 3 days ago
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The pending Coinbase direct listing, scheduled for Wednesday on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. Coinbase is going to blow people s minds, said Matt Hougan, chief investment officer at Bitwise Asset Management, which pioneered the first cryptocurrency index fund. I think it s going to force traditional finance to wrestle with the phenomenal growth that is taking place in crypto.
It s not hard to understand why. Coinbase is likely the biggest beneficiary of the cryptocurrency revival. It had 56 million verified users, with $1.8 billion in revenues in the first quarter alone, and a value that could be anywhere from $50 billion to $100 billion.
It s not hard to understand why. Coinbase is likely the biggest beneficiary of the cryptocurrency revival. It had 56 million verified users, with $1.8 billion in revenues in the first quarter alone, and a value that could be anywhere from $50 billion to $100 billion.
That is an extraordinary valuation for an exchange of any type. By contrast, Intercontinental Exchange, which runs the New York Stock Exchange, has a market cap of $65 billion, while Nasdaq has a market cap of $25 billion.
That kind of valuation is getting the investment community and particularly exchange-traded fund investors very excited.
Biggest crypto pure play
Crypto assets have had the same problem that other hot commodities (like pot or space) have had in the past: a high degree of interest with a notable lack of investible assets. Coinbase, however, will go a long way toward solving that problem.
SS8 Announces MEC Interception for Lawful Intelligence
SS8 Announces MEC Interception for Lawful Intelligence
SS8 Networks, the leader in Lawful Intercept and Monitoring Center platforms, today announced that it deployed its Xcipio mediation and interception platform in one of the largest global CSPs to support their Multi-access Edge Computing (MEC) infrastructure. Next generation network architectures benefit from distributed traffic processing, which requires some communications traffic to be processed on the edge and not in the network core. This is true for CSPs that leverage an MEC, which is often used for high traffic applications including Internet of Things (IoT) services. Depending on how the CSP deploys their MEC, a lawful intercept platform may be required to ensure full compliance with regulatory requirements.
Equilar Announced Today That It Has Entered Into a Strategic Partnership With Saggezza Inc.
Equilar Announced Today That It Has Entered Into a Strategic Partnership With Saggezza Inc. Equilar, the leading provider of corporate leadership data solutions, announced today that it has entered into a strategic partnership with Saggezza Inc. Saggezza combines software development, implementation expertise, and data analytics to help businesses in the financial services, insurance and healthcare industries make better data-driven decisions to improve client interaction, revenue and profitability. Last year, Equilar launched ExecAtlas for Salesforce, which was developed for organizations navigating the complexities of B2B sales to drive increased engagement with C-Suite decision makers and new business opportunities. Saggezza recently launched a Salesforce practice to help clients accelerate their digital transformation initiatives and better align business processes and technology inv
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On 18 December, the Financial Crimes Enforcement Network (FinCEN) at the U.S. Department of the Treasury announced highly anticipated and controversial new proposed requirements designed to mitigate illicit finance risks associated with “unhosted” virtual currency wallets and wallets hosted in certain foreign jurisdictions with weak anti-money laundering regimes. Unlike customers who rely on the custody services of financial institutions subject to anti-money laundering and combating the financing of terrorism (AML/CFT) requirements to send and receive virtual currency, users of unhosted or “self-hosted” wallets can transact directly with one another and with hosted wallets using their own private keys, creating potential illicit finance risks. FinCEN’s proposed rule would, if enacted, create new obligations for banks and money services businesses (MSBs) including virtual asset service providers (VASPs) engaging