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Square bought Afterpay because it really wants to be a bank qz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from qz.com Daily Mail and Mail on Sunday newspapers.
The crypto collapse: Here's what's behind bitcoin's sudden drop naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
A lot more people own crypto. Crypto has seeped into pockets all over our society and you had a confluence of events a combination of Tax Day, Elon Musk tweets, whatnot, where you started breaking down the positivity in the price action, and now we ve got a liquidation event, longtime bitcoin bull Mike Novogratz said Wednesday on CNBC s Squawk Box. Institutional support retreats Part of the reason for bitcoin s weakness seems to be at least a temporary reversal in the theory of broader acceptance for cryptocurrency. Earlier this year, Musk announced he was buying more than $1 billion of it for his automaker s balance sheet. Several payments firms announced they were upgrading their capabilities for more crypto actions, and major Wall Street banks began working on crypto trading teams for their clients. Coinbase, a cryptocurrency exchange company, went public through a direct listing in mid-April. ....
Evidence that the company can diversify revenue away from crypto trading. We are still in the early innings of crypto growth. Harshita Rawat, senior research analyst at AB Bernstein, in an interview with CNBC reiterated her price target of $250 for Coinbase (NASDAQ: COIN), after the company released its latest earnings report for the Q1 2021. The company reported revenues of $1.8 billion, up from $585 million in the fourth quarter of 2020 and net profit of $771 million, up from $177 million in the previous quarter. Can the company continue to grow? Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. ....