• Kraken $10 bilion coinbase S-1
    Cryptocurrencies,  People,  Regulation

    Kraken looks for $10B valuation as Coinbase prepares to go public

    The U.S. based exchange’s funding round set to value it at as much as $20 billion, while larger rival Coinbase’s S-1 filing could see it worth $100 billion

    Kraken is in talks with firms including Fidelity, Tribe Capital and General Atlantic to raise the funds. However, if demand is as high as some suspect it will be, Kraken’s value could exceed $20 billion. That follows yesterday’s news that its larger competitor, Coinbase, filed a Form S-1 with the U.S. Securities and Exchange Commission, confirming reports that it will go public with a direct stock listing, probably on Nasdaq.

  • markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin taps support at $44,000 after week of losses

    A painful few days for hodlers looks set to culminate in a test of various critical support levels

    Bitcoin has almost completed another rollercoaster week in which it met its second major price correction of 2021. Having hit $58,300 all-time highs, bulls lost steam with a retracement becoming a full-on dive in which Bitcoin lost 20%. Subsequent ranging combined with fresh weakness has taken weekly losses to almost 25%.

  • Coinbase will go public
    Cryptocurrencies,  Regulation

    Coinbase will go public with historic direct stock sale

    The listing will make the U.S.-based cryptocurrency exchange the first firm in the industry to become a public company by selling stock

    The leading U.S. cryptocurrency exchange intends to become a publicly traded company with a direct listing of its Class A shares rather than a traditional IPO.

  • coinbase grand design bison trails
    Cryptocurrencies,  People,  Technology

    Coinbase pitches a grand design in buying Bison Trails

    Purchasing the blockchain infrastructure provider is part of Brian Armstrong’s goal of growing Coinbase is beyond its roots as a cryptocurrency exchange

    In a Jan. 19 statement on its blog, Coinbase portrayed the move part of a grand design, calling it “an important step in delivering on our mission to create an open financial system for the world.” It’s also part of a business strategy to turn the infrastructure Coinbase built for itself into a suite of products available to any developer.