Meltem Demirors Depicts Coinbase IPO As Biggest Event Of 2021
Last Updated: 15 April 2021
CoinShares’ Meltem Demirors has said that Bitcoin allows different investors to accumulate wealth. Bitcoin hit yet another record high on Tuesday, trading above $63,000.
Demirors’ Take On Coinbase Listing
According to the crypto strategist who spoke on CNBC’s Squawk Box, Bitcoin has created much wealth for people who weren’t part of the traditional financial system.
Demirors, who said she got into Bitcoin when it was barely 150 per coin, made these comments one day before Coinbase’s Nasdaq debut.
The CoinShares CSO said Coinbase’s public debut on Wednesday was a major milestone in the crypto world, making thousands of crypto lovers multimillionaires and billionaires. She noted that these crypto enthusiasts would probably take some of their listing proceeds and continue to invest in the crypto ecosystem.
He stated that the change signifies the firm’s commitment to Bitcoin and its ability to serve as a store of value.
HSBC Tough Stance On Crypto Amid Current Worldwide Embrace
This move by HSBC comes after it blocked its customers from depositing from crypto wallets earlier this year, as published by The Times.
Although the bank did not disclose which countries the ban applied to, its aggressive policy towards cryptocurrencies has been in place since 2018 and is kept under review.
HSBC’s ban that limits clients from buying stocks from companies with crypto holdings comes when several companies are beginning to embrace cryptocurrencies.
MicroStrategy Inc. (NASDAQ:MSTR) into their accounts, Reuters reported Monday.
What Happened: HSBC said it will not facilitate the buying or exchange of products related to or referencing the performance of virtual currencies, according to the report that cited a message to a client on the bank’s InvestDirect stock trading platform.
The message reportedly referred to MicroStrategy’s stock as a “virtual currency product.”
While HSBC will allow the holding, sale, and outgoing transfer of MicroStrategy shares, it will forbid new purchases or incoming transfers, as per the report.
MicroStrategy, a Virginia-based business software firm, is led by Bitcoin proponent Michael Saylor, and owns bitcoin worth billions of dollars. Saylor said in March that one of his tweets played a pivotal role in
JPMorgan Chase Financial Company LLC Shares Terms of Notes for its Cryptocurrency Exposure Basket
March 16, 2021 @ 10:53 pm By Omar Faridi
JPMorgan Chase Financial Company LLC recently shared the terms of the notes offered by the preliminary or initial pricing supplement. The notes, which have will have JPMorgan Chase & Co. serve as the guarantor, will have a $1,000 minimum denomination, the bank confirmed.
As noted in the update,
JPMorgan Cryptocurrency Exposure Basket (March 2021) is described as an “unequally” weighted basket which includes 11 Reference Stocks of US-listed firms that operate businesses that the bank “believes to be, directly or indirectly, related to cryptocurrencies or other digital assets.”