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DeFi will 'drive traditional institutions into crypto': First Digital Trust COO stockhead.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockhead.com.au Daily Mail and Mail on Sunday newspapers.
Cryptocurrency: El Salvador announces purchase of additional 150 bitcoins econotimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econotimes.com Daily Mail and Mail on Sunday newspapers.
You have successfully joined our subscriber list. Many experts have come forward with definite opinions on the Coinbase listing, which is the first of its kind in the crypto industry. Coinbase is set to go live with a public offering on Nasdaq on Wednesday. Coinbase IPO is already affecting the financial market, and several experts have come forward to predict further market volatility and other surprising reactions to the planned public listing. The massive cryptocurrency exchange is one of the largest globally and the largest in the United States, with a value of over $90bn, about 50 traded currencies, and 56 million individual users. The crypto exchange giant first filed for SEC approval in February and was finally approved for an IPO listing on April 14, this coming Wednesday. ....
8 expert predictions ahead of Coinbase s hotly anticipated IPO next week [email protected] (Isabelle Lee) Many view it as a significant milestone for the cryptocurrency space. Insider compiled views from eight experts on what it could mean for rapidly growing digital currency market. Popular Searches Adding to the excitement, the cryptocurrency trading giant reported a whopping $1.8 billion revenue in the first quarter of the year on Tuesday, compared to the $1.3 billion for all of 2020. On the back of the eye-popping earnings, DA Davidson analyst Gil Luria increased his price target by 125% to $440 from $195. The analyst derived his adjusted price target from a 20x multiple based on the company s expected revenue this year. ....
Bitcoin Price Breaks $21,000 in Strong Rally Bitcoin has set another record, breaking two major psychological price levels in just one day. In brief The sudden surge might have been catalyzed by the influx of institutional investors, experts said. Additionally, the crypto market is much more developed today than it was in late 2017. The price of Bitcoin has reached another historic milestone today, surging over $21,000 and breaking a new all-time high. At press time, Bitcoin is trading just above $21,000 and is up 14% on the day. According to Gunnar Jaerv, COO of digital asset custody provider First Digital Trust, today’s rapid increase in Bitcoin’s price is likely a result of major institutional investors entering the crypto market and purchasing a portion of BTC’s limited supply amid a bull run. ....