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Bitcoin goes a bit crazy Fiat currencies are never this exciting. Bitcoin set its most recent high, of just under $65,000, on April 14. After that it had steadily given ground, and that became a headlong crash in the early hours of Wednesday morning. By 9 am New York time, bitcoin hit $30,016 a fall of almost 54 per cent in five weeks. Over the next four hours, it rallied almost 36 per cent. At the time of writing, the price is $39,000. It was quite a ride. Bitcoin is still blessed, or plagued, with believers rather than investors. There are lots of great arguments for bitcoin, and even more for the blockchain technology on which it is based. While it inspires cultish devotion, it is difficult to analyse as an investable asset. ....
Richard Drew/Associated Press This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Coinbase is expected to report earnings for the first time since its direct listing in mid-April. Ark analyst Yassine Elmandjra shares how the stock could scale to the $2.5 trillion crypto market. New Constructs CEO David Trainer breaks down why the stock could actually fall below $100 or less. All eyes are on Coinbase as the largest US crypto exchange is expected to report its first earnings report as a public company after the market closes on Thursday. At its hotly anticipated public debut on April 14, shares of Coinbase, which opened at $381, hit an intraday high of $429.54 before ending the day at $328.28, giving it a market cap of about $86 billion. ....
What Coinbase’s blockbuster IPO means for the future of crypto Premium Share Via Read Full Story US cryptocurrency exchange Coinbase listed on the Nasdaq stock exchange last week, sparking another rally in cryptocurrency prices worldwide. Mint explains the significance of the listing, how it could change perceptions, and what it means for the industry in India. Why is the Coinbase IPO important? TRENDING STORIESSee All 4 min read Premium 1 min read Premium 1 min read Premium 1 min read . 18 Apr 2021 Coinbase, founded in 2012, is said to be the world’s largest cryptocurrency exchange as far as converting cryptocurrency to regular currency is concerned. The company started trading on the Nasdaq on 14 April at a valuation of almost $100 billion. The public listing is expected to boost the credibility of crypto trading and traders, who have faced pushback from governments all over the world, including in India. Publicl ....
COIN Banega Crorepati SUBSCRIBE We ll soon meet in your inbox. / Unwrapped It s Zaheer. Coinbase, the world s second-largest cryptocurrency exchange, went public on the Nasdaq this week. Not bad going for a company that began life in a loft and deals in what John Oliver once described as “everything you don t understand about money, combined with everything you don t understand about computers”. Coinbase drags crypto into the mainstream In September 2017, Bloomberg reported that Jamie Dimon, then chief executive of JPMorgan Chase & Co, called Bitcoin a “fraud” and said he would fire any employee trading it for being “stupid”. Earlier this week, Coinbase, the largest cryptocurrency exchange in the US, went public with a direct listing on the Nasdaq. ....