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Here s what happened to Coinbase s stock on its IPO debut

The stock hit an intra-day high of $429.54 before losing all momentum. Coinbase s stock traded as low as $310 per share before closing the day at $328.28. Shares of cryptocurrency exchange provider Coinbase opened for trading Wednesday afternoon for the first time ever at $381. After initial enthusiasm and a rush of buyers looking to get in on the hot IPO, the stock lost momentum and closed the day below its IPO price. From $381 to $429 Coinbase’s first trade on the public market took place shortly after 1 pm ET. Within a few minutes, the stock blew past the $400 per share mark and hit a high of $429.54. But the stock quickly reversed direction and traded lower over the hours that followed.

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After Coinbase s Blockbuster Debut, What Investors Say It Means for Cryptocurrency Markets

After Coinbase s Blockbuster Debut, What Investors Say It Means for Cryptocurrency Markets
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Bifrost has received a new round of angel financing

Bifrost has received a new round of angel financing Listen to article Press Release On Jan. 28, 2021, Bifrost was excited to announce that it had already reached a new round of angel financing, which is the second round of financing after the seed round that raised $600,000 in September 2020. This round of investment institutions include: CMS Holding, Altonomy, SevenX, Zonff Partners, Paka, Timestop Capital, Incuba Alpha, Oasis Capital, Kernel Capital and Loopring co-founders Jay and Steve Guo, and other individual investors. Seed round investment institutions SNZ Holding and DFG continue to make additional investments. After Bifrost completed the round of financing, it experienced rapid development, accumulated new community members, advanced its products, gained in-depth cooperation partners, and established a solid roadmap in just a few months. It shows the growth and transformation that Bifrost has experienced. With some hard work starting in 2020, Bifrost has now compl

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UK regulator announces temporary registration regime, extends operating deadline to July 9 for existing crypto businesses

UK regulator announces temporary registration regime, extends operating deadline to July 9 for existing crypto businesses Quick Take The U.K.’s Financial Conduct Authority (FCA) has just announced a “temporary registration regime” for existing crypto businesses. The new regime allows crypto firms that have applied for registration to continue operating until July 9, 2021. The previous deadline was January 10, 2021. The U.K. s Financial Conduct Authority (FCA) has just announced a temporary registration regime for existing crypto businesses. The new regime allows crypto firms that have applied for registration to continue operating until July 9, 2021. The previous deadline was January 10 of that year.

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